The global automotive additives market is expected to grow from USD 12.35 billion in 2019 to USD 24.62 billion by 2027, at a CAGR of 9.12% during the forecast period 2020-2027.
Additives are materials that are added to components to enhance their properties. An automotive additive is added to the components of automobile like fuel, oil and, plastic to improve the performance of automobile. They protect the parts of the vehicle and are used in fuel systems, manufacture of plastic components, and other supplements of car. Oil additives are essential for proper lubrication and increasing efficiency of automobile. Plastic additives are used to replace parts of metal because of their better functional properties and design flexibility. Fuel additives improve the engine performance which improves acceleration and reduce maintenance charges.
The rise in the regulations by national governments and other regulatory bodies with regard to the use of clean and energy-efficient technologies will fuel the market growth. The plastic additives segment is expected to show a high growth rate due to increased use of Polypropylene Plastic in the interior part of the vehicle to make the vehicles lightweight and comply with government regulations. The high price of the automobile additives along with high volatility in the prices can act as restraints to the market growth.
This study delivers a comprehensive analysis of types, applications, vehicles, electric vehicles and regions. The type segment includes fuel additives, oil additives and plastic additives. The fuel additives are majorly used in diesel and improve the octane rating of the fuel. It also reduces emissions and improves the carbon footprint of the vehicle. The oil additives are used as lubricants to reduce wear and tear of the motor, prevent corrosion and, prevent thinning out of the oil. Plastic additives are used in the manufacturing of dashboards, bumpers, steering wheels, switches, etc. Based on application, the market is divided into the exterior, interior, under the hood, and electric and electronics. For protecting the exterior components of the vehicle from sunlight and high temperatures, light stabilizer and heat stabilizer are used. For the interior components like door panels and sitting components, anti-scratch additives are used. On the basis of vehicle type, the market is divided into commercial vehicles and passenger vehicles. The passenger vehicle segment is anticipated to grow at a rapid pace due to the rise in demand by households owing to their rising income levels. The electric vehicles market is segmented into plug-in electric vehicles, hybrid electric vehicles, and battery electric vehicles. The demand for hybrid vehicles is expected to rise rapidly due to improved fuel efficiency of the vehicles as compared to convention fuel vehicles.
The market for automotive additives market has been segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Asia-Pacific region is expected to show the highest growth rate and become the largest market during the forecast period. The growth rate can be attributed to rising production of passenger cars and electric vehicles and increasing consumer demand.
Some of the notable players in the automotive additives market are BASF SE, Exxon Mobil Corporation, Lanxess, Covestro AG, The Dow Chemical Company, Clariant, SABIC, Akzo Nobel N.V., Polyone Corporation, Afton Chemical, Chevron, EVONIK, and The Lubrizol Corporation. Petronas has considered investing 400 million USD in a new lubricants plant, with the use of tungsten disulfide emerging as the best oil additive. It shows the future scope of the market as very positive with increasing investments, especially in the Asia-Pacific region.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Type
4.3.2. Market Attractiveness Analysis By Application
4.3.3. Market Attractiveness Analysis By Vehicle
4.3.4. Market Attractiveness Analysis By Electric Vehicle
4.3.5. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.3. Restrains
5.4. Opportunities
5.5. Challenges
6. Global Automotive Additives Market Analysis and Forecast, By Type
6.1. Segment Overview
6.2. Oil Additives
6.3. Plastic Additives
6.4. Fuel Additives
7. Global Automotive Additives Market Analysis and Forecast, By Application
7.1. Segment Overview
7.2. Interior
7.3. Exterior
7.4. Under The Hood
8. Global Automotive Additives Market Analysis and Forecast, By Vehicle
8.1. Segment Overview
8.2. Passenger Vehicles
8.3. Commercial Vehicles
9. Global Automotive Additives Market Analysis and Forecast, By Electric Vehicle
9.1. Segment Overview
9.2. Battery Electric Vehicles
9.3. Plug-In Electric Vehicles
9.4. Hybrid Electric Vehicles
10. Global Automotive Additives Market Analysis and Forecast, By Regional Analysis
10.1. Segment Overview
10.2. North America
10.2.1. U.S.
10.2.2. Canada
10.2.3. Mexico
10.3. Europe
10.3.1. Germany
10.3.2. France
10.3.3. U.K.
10.3.4. Italy
10.3.5. Spain
10.4. Asia-Pacific
10.4.1. Japan
10.4.2. China
10.4.3. India
10.5. South America
10.5.1. Brazil
10.6. Middle East and Africa
10.6.1. UAE
10.6.2. South Africa
11. Global Automotive Additives Market-Competitive Landscape
11.1. Overview
11.2. Market Share of Key Players in Global Automotive Additives Market
11.2.1. Global Company Market Share
11.2.2. North America Company Market Share
11.2.3. Europe Company Market Share
11.2.4. APAC Company Market Share
11.3. Competitive Situations and Trends
11.3.1. Product Launches and Developments
11.3.2. Partnerships, Collaborations, and Agreements
11.3.3. Mergers & Acquisitions
11.3.4. Expansions
12. Company Profiles
12.1. BASF SE
12.1.1. Business Overview
12.1.2. Company Snapshot
12.1.3. Company Market Share Analysis
12.1.4. Company Product Portfolio
12.1.5. Recent Developments
12.1.6. SWOT Analysis
12.2. Exxon Mobil Corporation
12.2.1. Business Overview
12.2.2. Company Snapshot
12.2.3. Company Market Share Analysis
12.2.4. Company Product Portfolio
12.2.5. Recent Developments
12.2.6. SWOT Analysis
12.3. Lanxess
12.3.1. Business Overview
12.3.2. Company Snapshot
12.3.3. Company Market Share Analysis
12.3.4. Company Product Portfolio
12.3.5. Recent Developments
12.3.6. SWOT Analysis
12.4. Covestro AG
12.4.1. Business Overview
12.4.2. Company Snapshot
12.4.3. Company Market Share Analysis
12.4.4. Company Product Portfolio
12.4.5. Recent Developments
12.4.6. SWOT Analysis
12.5. The Dow Chemical Company
12.5.1. Business Overview
12.5.2. Company Snapshot
12.5.3. Company Market Share Analysis
12.5.4. Company Product Portfolio
12.5.5. Recent Developments
12.5.6. SWOT Analysis
12.6. Clariant
12.6.1. Business Overview
12.6.2. Company Snapshot
12.6.3. Company Market Share Analysis
12.6.4. Company Product Portfolio
12.6.5. Recent Developments
12.6.6. SWOT Analysis
12.7. SABIC
12.7.1. Business Overview
12.7.2. Company Snapshot
12.7.3. Company Market Share Analysis
12.7.4. Company Product Portfolio
12.7.5. Recent Developments
12.7.6. SWOT Analysis
12.8. Akzo Nobel N.V.
12.8.1. Business Overview
12.8.2. Company Snapshot
12.8.3. Company Market Share Analysis
12.8.4. Company Product Portfolio
12.8.5. Recent Developments
12.8.6. SWOT Analysis
12.9. Polyone Corporation
12.9.1. Business Overview
12.9.2. Company Snapshot
12.9.3. Company Market Share Analysis
12.9.4. Company Product Portfolio
12.9.5. Recent Developments
12.9.6. SWOT Analysis
12.10. Afton Chemical
12.10.1. Business Overview
12.10.2. Company Snapshot
12.10.3. Company Market Share Analysis
12.10.4. Company Product Portfolio
12.10.5. Recent Developments
12.10.6. SWOT Analysis
12.11. Chevron
12.11.1. Business Overview
12.11.2. Company Snapshot
12.11.3. Company Market Share Analysis
12.11.4. Company Product Portfolio
12.11.5. Recent Developments
12.11.6. SWOT Analysis
12.12. EVONIK
12.12.1. Business Overview
12.12.2. Company Snapshot
12.12.3. Company Market Share Analysis
12.12.4. Company Product Portfolio
12.12.5. Recent Developments
12.12.6. SWOT Analysis
12.13. The Lubrizol Corporation
12.13.1. Business Overview
12.13.2. Company Snapshot
12.13.3. Company Market Share Analysis
12.13.4. Company Product Portfolio
12.13.5. Recent Developments
12.13.6. SWOT Analysis
List of Table
1. Global Automotive Additives Market, By Type, 2017–2027(USD Billion)
2. Global Oil Additives, Automotive Additives Market, By Region, 2017–2027(USD Billion)
3. Global Plastic Additives, Automotive Additives Market, By Region, 2017–2027(USD Billion)
4. Global Fuel Additives, Automotive Additives Market, By Region, 2017–2027(USD Billion)
5. Global Automotive Additives Market, By Application, 2017–2027(USD Billion)
6. Global Interior Automotive Additives Market, By Region, 2017–2027(USD Billion)
7. Global Exterior Automotive Additives Market, By Region, 2017–2027(USD Billion)
8. Global Under The Hood Automotive Additives Market, By Region, 2017–2027(USD Billion)
9. Global Electric & Electronics Automotive Additives Market, By Region, 2017–2027(USD Billion)
10. Global Automotive Additives Market, By Vehicle, 2017–2027(USD Billion)
11. Global Passenger Vehicles Automotive Additives Market, By Region, 2017–2027(USD Billion)
12. Global Commercial Vehicles Automotive Additives Market, By Region, 2017–2027(USD Billion)
13. Global Automotive Additives Market, By Electric Vehicle, 2017–2027(USD Billion)
14. Global Battery Electric Vehicles Automotive Additives Market, By Region, 2017–2027(USD Billion)
15. Global Plug-In Electric Vehicles Automotive Additives Market, By Region, 2017–2027(USD Billion)
16. Global Hybrid Electric Vehicles Automotive Additives Market, By Region, 2017–2027(USD Billion)
17. Global Automotive Additives Market, By Region, 2017–2027(USD Billion)
18. Global Automotive Additives Market, By North America, 2017–2027(USD Billion)
19. North America Automotive Additives Market, By Type, 2017–2027(USD Billion)
20. North America Automotive Additives Market, By Application, 2017–2027(USD Billion)
21. North America Automotive Additives Market, By Vehicle, 2017–2027(USD Billion)
22. North America Automotive Additives Market, By Electric Vehicle, 2017–2027(USD Billion)
23. U.S. Automotive Additives Market, By Type, 2017–2027(USD Billion)
24. U.S. Automotive Additives Market, By Application, 2017–2027(USD Billion)
25. U.S. Automotive Additives Market, By Vehicle, 2017–2027(USD Billion)
26. U.S. Automotive Additives Market, By Electric Vehicle, 2017–2027(USD Billion)
27. Canada Automotive Additives Market, By Type, 2017–2027(USD Billion)
28. Canada Automotive Additives Market, By Application, 2017–2027(USD Billion)
29. Canada Automotive Additives Market, By Vehicle, 2017–2027(USD Billion)
30. Canada Automotive Additives Market, By Electric Vehicle, 2017–2027(USD Billion)
31. Mexico Automotive Additives Market, By Type, 2017–2027(USD Billion)
32. Mexico Automotive Additives Market, By Application, 2017–2027(USD Billion)
33. Mexico Automotive Additives Market, By Vehicle, 2017–2027(USD Billion)
34. Mexico Automotive Additives Market, By Electric Vehicle, 2017–2027(USD Billion)
35. Europe Automotive Additives Market, By Type, 2017–2027(USD Billion)
36. Europe Automotive Additives Market, By Application, 2017–2027(USD Billion)
37. Europe Automotive Additives Market, By Vehicle, 2017–2027(USD Billion)
38. Europe Automotive Additives Market, By Electric Vehicle, 2017–2027(USD Billion)
39. Germany Automotive Additives Market, By Type, 2017–2027(USD Billion)
40. Germany Automotive Additives Market, By Application, 2017–2027(USD Billion)
41. Germany Automotive Additives Market, By Vehicle, 2017–2027(USD Billion)
42. Germany Automotive Additives Market, By Electric Vehicle, 2017–2027(USD Billion)
43. France Automotive Additives Market, By Type, 2017–2027(USD Billion)
44. France Automotive Additives Market, By Application, 2017–2027(USD Billion)
45. France Automotive Additives Market, By Vehicle, 2017–2027(USD Billion)
46. France Automotive Additives Market, By Electric Vehicle, 2017–2027(USD Billion)
47. U.K. Automotive Additives Market, By Type, 2017–2027(USD Billion)
48. U.K. Automotive Additives Market, By Application, 2017–2027(USD Billion)
49. U.K. Automotive Additives Market, By Vehicle, 2017–2027(USD Billion)
50. U.K. Automotive Additives Market, By Electric Vehicle, 2017–2027(USD Billion)
51. Italy Automotive Additives Market, By Type, 2017–2027(USD Billion)
52. Italy Automotive Additives Market, By Application, 2017–2027(USD Billion)
53. Italy Automotive Additives Market, By Vehicle, 2017–2027(USD Billion)
54. Italy Automotive Additives Market, By Electric Vehicle, 2017–2027(USD Billion)
55. Spain Automotive Additives Market, By Type, 2017–2027(USD Billion)
56. Spain Automotive Additives Market, By Application, 2017–2027(USD Billion)
57. Spain Automotive Additives Market, By Vehicle, 2017–2027(USD Billion)
58. Spain Automotive Additives Market, By Electric Vehicle, 2017–2027(USD Billion)
59. Asia Pacific Automotive Additives Market, By Type, 2017–2027(USD Billion)
60. Asia Pacific Automotive Additives Market, By Application, 2017–2027(USD Billion)
61. Asia Pacific Automotive Additives Market, By Vehicle, 2017–2027(USD Billion)
62. Asia Pacific Automotive Additives Market, By Electric Vehicle, 2017–2027(USD Billion)
63. Japan Automotive Additives Market, By Type, 2017–2027(USD Billion)
64. Japan Automotive Additives Market, By Application, 2017–2027(USD Billion)
65. Japan Automotive Additives Market, By Vehicle, 2017–2027(USD Billion)
66. Japan Automotive Additives Market, By Electric Vehicle, 2017–2027(USD Billion)
67. China Automotive Additives Market, By Type, 2017–2027(USD Billion)
68. China Automotive Additives Market, By Application, 2017–2027(USD Billion)
69. China Automotive Additives Market, By Vehicle, 2017–2027(USD Billion)
70. China Automotive Additives Market, By Electric Vehicle, 2017–2027(USD Billion)
71. India Automotive Additives Market, By Type, 2017–2027(USD Billion)
72. India Automotive Additives Market, By Application, 2017–2027(USD Billion)
73. India Automotive Additives Market, By Vehicle, 2017–2027(USD Billion)
74. India Automotive Additives Market, By Electric Vehicle, 2017–2027(USD Billion)
75. South America Automotive Additives Market, By Type, 2017–2027(USD Billion)
76. South America Automotive Additives Market, By Application, 2017–2027(USD Billion)
77. South America Automotive Additives Market, By Vehicle, 2017–2027(USD Billion)
78. South America Automotive Additives Market, By Electric Vehicle, 2017–2027(USD Billion)
79. Brazil Automotive Additives Market, By Type, 2017–2027(USD Billion)
80. Brazil Automotive Additives Market, By Application, 2017–2027(USD Billion)
81. Brazil Automotive Additives Market, By Vehicle, 2017–2027(USD Billion)
82. Brazil Automotive Additives Market, By Electric Vehicle, 2017–2027(USD Billion)
83. Middle East and Africa Automotive Additives Market, By Type, 2017–2027(USD Billion)
84. Middle East and Africa Automotive Additives Market, By Application, 2017–2027(USD Billion)
85. Middle East and Africa Automotive Additives Market, By Vehicle, 2017–2027(USD Billion)
86. Middle East and Africa Automotive Additives Market, By Electric Vehicle, 2017–2027(USD Billion)
87. UAE Automotive Additives Market, By Type, 2017–2027(USD Billion)
88. UAE Automotive Additives Market, By Application, 2017–2027(USD Billion)
89. UAE Automotive Additives Market, By Vehicle, 2017–2027(USD Billion)
90. UAE Automotive Additives Market, By Electric Vehicle, 2017–2027(USD Billion)
91. South Africa Automotive Additives Market, By Type, 2017–2027(USD Billion)
92. South Africa Automotive Additives Market, By Application, 2017–2027(USD Billion)
93. South Africa Automotive Additives Market, By Vehicle, 2017–2027(USD Billion)
94. South Africa Automotive Additives Market, By Electric Vehicle, 2017–2027(USD Billion)
List of Figures
1. Global Automotive Additives Market Segmentation
2. Automotive Additives Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Automotive Additives Market Attractiveness Analysis By Type
9. Global Automotive Additives Market Attractiveness Analysis By Application
10. Global Automotive Additives Market Attractiveness Analysis By Vehicle
11. Global Automotive Additives Market Attractiveness Analysis By Electric Vehicle
12. Global Automotive Additives Market Attractiveness Analysis By Region
13. Global Automotive Additives Market: Dynamics
14. Global Automotive Additives Market Share By Type(2019 & 2027)
15. Global Automotive Additives Market Share By Application(2019 & 2027)
16. Global Automotive Additives Market Share By Vehicle(2019 & 2027)
17. Global Automotive Additives Market Share By Electric Vehicle(2019 & 2027)
18. Global Automotive Additives Market Share by Regions (2019 & 2027)
19. Global Automotive Additives Market Share by Company (2019)
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