PRESS RELEASE
Posted on February 14, 2023
The automotive additive market refers to the global industry that produces and sells chemical additives that are used in the manufacturing and maintenance of automobiles. These additives are used to improve the properties of automotive fuels, lubricants and other fluids, as well as to improve the performance and durability of automotive parts and components. Some of the key types of automotive additives include fuel additives, lubricant additives, plasticizers, antiwear additives, and corrosion inhibitors.
The market is driven by the growing demand for high quality and eco-friendly automotive products as well as the growing adoption of advanced automotive technologies. Major players in the automotive additives market include BASF SE, Chevron Oronite Company LLC, The Lubrizol Corporation, Infineum International Ltd. and Afton Chemical Corporation. The market is expected to continue to grow in the coming years due to the increasing demand for high-performance and eco-friendly automotive products.
Get a free PDF sample of this research report to learn more with the table of contents, research methodology, and graphics. https://www.factmr.com/connectus/sample?flag=S&rep_id=308
Key Findings of the Automotive Additives Market Study:
- The report offers a current outlook on the Automotive Additives market. Furthermore, the automotive additives market share is projected to grow at a CAGR of 4.9% during the forecast period.
- Regional breakdown of the automotive additives market based on predefined taxonomy.
- Innovative manufacturing processes implemented by automotive additive vendors in detail.
- Regional and country fragmentation of the Automotive Additives market to capture the revenue and growth prospects in these areas.
- Changing preferences among consumers in different regions and countries.
- Factors (Positive and Negative) Affecting the Growth of the Global Automotive Additives Market.
- Automotive Additives Price, Market Share and Trend Forecast for Assessment Period 2022-2032
Competitive landscape
The automotive additives industry is dominated by some prominent players including
- Saudi Basic Industries Corp
- Akzo Nobel NV
- Covestro AG
- LANXESS AG
- BASF SE
- The Dow Chemical Company
- Clariant AG
- Solvay SA
- Croda International PLC
- Evonik Industries AG
- ExxonMobil Corporation
- Kaneka Corporation
Competition in the industry is driven by key parameters such as product price, target customer base and strategic marketing. Major market players focused on innovation in the automotive additive market by investing more in research and development. Also, industry players are focusing on extensive use of online distribution channels to improve profitability. Sustainability in the supply chain is a decisive factor for automotive additive brands that causes an impact on the company’s profit margins.
Get customization of this report for specific Country: https://www.factmr.com/connectus/sample?flag=RC&rep_id=308
Report benefits and key questions answered
- Automotive Additives Company and Brand Share Analysis: Company and brand share analysis in Automotive Additives reveals how much market share is captured by Tier 1, 2 and 3 players.
- Automotive Additives Historical Volume Analysis – Industry analysis provides data and insights on the historical sales volume of Automotive Additives
- Automotive Additives Category and Segment Analysis – Fact.MR’s Automotive Additives Sales Outlook provides category and segment level analysis on lucrative and nascent product types. Market agents can use this information to identify sales potential and set sales targets at local, national and regional levels.
- Automotive Additives Consumption by Demographics: The market intelligence study provides consumption analysis through demographic analysis so that market players can design their products and marketing strategies based on the consumer base of ‘high value
- Post-Covid Consumer Spending on Automotive Additives: The report includes analysis of post-Covid consumer spending. This information will help business leaders understand changes in purchasing power and behavior
- Manufacturing Trend Analysis: Vital insights into how market players are aligning their manufacturing strategies with evolving consumer sentiment
Global Automotive Additives Market Segments
· For plastic additives:
-
- plasticizers
- Anti-Scratch
- stabilizers
- Antioxidants
- others
· By polymer type:
-
- Polypropylene (PP)
- Polyurethane (PUR)
- polyvinyl chloride (PVC)
- Acrylonitrile Butadiene Styrene (ABS)
· By application:
-
- Outdoor
- interior
- Under the hood
- Electronics and electrical
· By type of vehicle:
-
- Compact passenger cars
- Medium-sized passenger cars
- Premium passenger cars
- Luxury passenger cars
- Light commercial vehicles
- Heavy commercial vehicles
· By region:
-
- North America
- Latin America
- europe
- east asia
- South Asia and Oceania
- thing
What makes this research different from others?
- COVID Impact Analysis: The report includes details of the impact of the pandemic on the automotive additives market, including information on the pre-Covid situation. Additionally, this report benefits from the post-COVID recovery outlook, changing consumer demands, and valuable buying patterns for automotive additive companies.
- Industry Trend Analysis: The research covers the recent trends in the field of automotive additives which are aggregated with the applicable technologies and changes in the industrial processes. The scope of digital and industrial technologies to help client companies understand the benefits and risks involved in light of market trends is discussed.
- Automotive Additive Sustainability Metrics: Growing concerns about environmentally friendly production and consumption are taken to the next level in this research as the research focuses on emerging methods to ensure sustainability. These insights include climate-friendly initiatives adopted by some industry players. In addition, the details of the impact of manufacturers on the carbon footprint are assessed with the intention of making customers aware of their contribution to the goals of sustainable development.
Interested in getting the data? Check here at https://www.factmr.com/checkout/308
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Phone: +1 (628) 251-1583
E-mail: [email protected]
This press release has been written with the intention of providing accurate market information to enable our readers to make informed strategic investment decisions. If you notice any issues with this content, please feel free to contact us [email protected]
Gerald
Xherald is passionate about providing comprehensive coverage of global business news. Dedicated to creating each participant’s notification, it reaches its own reader. Our experts provide daily relevant information on what is really happening in the markets and business. Our headlines are actually fast paced and extensive. Our distributor directory connects you with new products or services and their market situation from the most effective companies around the planet. Xherald is powered by its more than 500 contributors from around the world. Xherald provides local and global market intelligence coverage across sectors ranging from healthcare, IOT, chemicals and 17 other sectors. Our updates are fast and detailed. The news we present is actually a mix of authentic content, community contributions and ads from curated headlines. All updates provided by our company must pass a strict criteria of authenticity, relevance and meaning to our readers.
