Report Code: A07233 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Automotive Crankcase Additives Market
Request Now !Automotive crankcase additives are chemicals that are infused in the crankcase oil. Additives help the engine to offer various advantages such as greater engine efficiency, performance enhancement, and control in the emission. Thereby, improving the lubricating properties of the engine oil. Without crankcase additives, the oil would become polluted, leak out and hence will not be able to protect engine parts. Furthermore, crankcase additives are used only in internal combustion engines (ICE) for smooth functionality. Therefore, increase in demand for diesel engine is expected to drive the growth of the global automotive crankcase additives market in near future.Â
COVID-19 scenario analysis:Â
Increase in production of the vehicles, rise in disposable income, and government regulations to reduce harmful emissions in the environment are driving the growth of the market. However, increase in sales of battery electric vehicles and less reliance on internal combustion engines are expected to hamper the growth of the market. On the contrary, advanced crankcase additives such as metal deactivators and corrosion inhibiting additives are expected to create an opportunity for the market investments.
The global automotive crankcase additives market trends are as follows:
Environmental pollution and carbon discharge have increased globally, especially due to rise in number of vehicles on the road. Furthermore, vehicular emission hampers the health of humans due to which controlling the carbon emission has become necessary. Thereby, government is focusing on decreasing carbon emission of automobiles by imposing stringent regulations on manufacturers of new vehicles. For instance, numerous test procedures & protocols such as European program on emissions, fuels, and engine technologies (EPEFE) have been introduced by the European government so as to reduce the carbon emission. Therefore, stringent government regulations regarding vehicular carbon emissions is expected to foster the growth of the automotive crankcase additives market.
Key benefits of the report:
Questions answered in the global automotive crankcase additives market research report:
Automotive Crankcase Additives Market Report Highlights
Aspects | Details |
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By Type |
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By Application |
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By Vehicle Type |
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By Region |
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Key Market Players | Brenntag Holding, ENI, ABRO Industries, Chemtura Corporation, Evonik Industries, Afton Chemical Corporation, Chevron, Croda International, The Lubrizol Corporation, Royal Dutch Shell |
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