Driveline additives are lubricants that are commonly used in automobiles to lubricate manual transmission, axles, automatic transmissions, and differentials. Dispersants, detergents, viscosity index improvers, anti-wear agents, corrosion inhibitors, antioxidants, emulsifiers, and friction modifiers are among the additives. These additives aid in improving the vehicle's fuel efficiency and lowering pollution.
Drivers
The driveline Additives Market is predicted to expand in popularity as more innovative lubricant additives are introduced. Lanxess, for example, developed an organic additive for passenger cars and high-performance engine lubricants in April 2019. The new Addition RC 3502 has been designed to reduce friction while providing long-term performance and anti-wear protection. It's also non-corrosive, compatible with all synthetic and mineral engine lubricants, and contains no SAPS (sulfated ash, phosphorous, and sulfur).
Restriction on the Market
The market expansion of driveline additives has been hampered by fluctuating pricing of driveline additives around the world.
The market expansion of driveline additives is projected to be hampered by raw material supply volatility and the overall impact of rising crude oil prices. Furthermore, rigorous export/import restrictions and regulations are limiting global trade. This aspect is also expected to limit the growth of the driveline additives market.
Opportunities in the Market
Over the forecast period, the market is expected to grow due to an increase in the number of collaborations for additive manufacturing. GKN has signed a Memorandum of Understanding (MoU) with GE Additive, Concept Laser, and Arcam AB to work on Additive Manufacturing (AM) for the aerospace and automotive industries. GKN will receive additive machines and services as part of the arrangement, which will allow them to become a GE Additive Production Partner. As a result, the market is likely to expand.
Section of Competition:
Profiles of Businesses
Infineum International Limited, BRB International B.V, Chevron Oronite Company, LLC, Lubrizol Corporation, BASF SE, Afton Chemical Corporation, Vanderbilt Chemicals, LLC, Infineum International Limited, BRB International B.V, Chevron Oronite Company, LLC, and Public Corporation
Restriction on the Market
The market expansion of driveline additives has been hampered by fluctuating pricing of driveline additives around the world.
The market expansion of driveline additives is projected to be hampered by raw material supply volatility and the overall impact of rising crude oil prices. Furthermore, rigorous export/import restrictions and regulations are limiting global trade. This aspect is also expected to limit the growth of the driveline additives market.
Opportunities in the Market
Over the forecast period, the market is expected to grow due to an increase in the number of collaborations for additive manufacturing. GKN has signed a Memorandum of Understanding (MoU) with GE Additive, Concept Laser, and Arcam AB to work on Additive Manufacturing (AM) for the aerospace and automotive industries. GKN will receive additive machines and services as part of the arrangement, which will allow them to become a GE Additive Production Partner. As a result, the market is likely to expand.
Section of Competition:
Profiles of Businesses
Infineum International Limited, BRB International B.V, Chevron Oronite Company, LLC, Lubrizol Corporation, BASF SE, Afton Chemical Corporation, Vanderbilt Chemicals, LLC, Infineum International Limited, BRB International B.V, Chevron Oronite Company, LLC, and Public Corporation
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