[b]Engine Oil Additives[/b] are specialty chemicals used to enhance the performance of Engine Oil as well as the durability of the engine. These additives when added to engine oil while formulating it, improve its physical and chemical properties.


[b]**To Know More about the “Engine Oil Additives” Market, Download Sample Brochure of Premium Report:[/b]
http://industryarc.com/pdfdownload.php?id=7509


[b]Market Trends & Market Growth:[/b]
According to IndustryARC analysis and research, the [b]Global Engine Oil Additives Market[/b] is set to reach [b]$11.9 Billion by 2020[/b] with increasing demand from end users in Asia-Pacific and North America. Also, experts project the market to grow at a [b]CAGR of 3.2% from 2015 to 2020.[/b]

[b]Geography:[/b] Asia-Pacific (APAC) is the largest and fastest growing market for engine oil additives both in terms of volume and revenue, driven by the higher number of in use vehicles in the region. America and Europe are in the second and third position in terms of volume consumption and revenues of the market.

[b]Market Driving Factors:[/b] Increasing motor vehicle production around the globe is one of the major drivers for engine oil additives market. Every vehicle engine needs engine oil to work smoothly, due to which consumption of engine oil is increasing steadily. Major additive types, which are in high demand, are detergents, dispersants and VI improvers. Government regulations regarding improvement of fuel economy and reduction of emission from vehicles is another key factor contributing to the growing importance of additives in engine oil.

[b]Restraints:[/b] One of the key factors hindering the growth of engine oil additives market is the aggressive sales of electric vehicles especially in Europe and North America. There is not much lubrication needed in electric vehicles as there is no combustion engine involved in it. However, it will take long time for electric vehicles to replace the fuel powered vehicles.


[b]**For Report Description, Table of Contents, Companies Covered and Customization Options Follow Below Report Link:[/b]
http://industryarc.com/Report/7509/engine-oil-additives-market.html


[b]REPORT SCOPE:[/b]

[b]Market Segmentation:[/b]
Global engine oil additives market is segmented based on different criteria such as by type, by engine type, by end user and by geography. Different types of additives include anti-oxidants, detergents, dispersants, anti-wear, VI improvers, corrosion inhibitors, friction modifiers, pour point depressants and others. Others include metal deactivators, emulsifiers and more. Gasoline engine, diesel engine, natural gas engine and others are considered while segmenting the market based on engine type. End users of the market are passenger car, commercial vehicle, motorcycle and others; others include application in marine engine oil.

[b]Market Key Players:[/b]
Few notable competitors of the Engine Oil Additives Market which are analyzed, studied and mentioned in this research report by IndustryARC are:
• Afton Chemical Corporation
• BASF SE
• Evonik Industries
• Petroleum Chemicals, LLC
• The Lubrizol Corporation


[b]**Contact Our Analyst @[/b] http://industryarc.com/inquiry-before-buying.php?id=7509


[b]** Premium Market Report on “Engine Oil Additives” Market Available. To Procure, Contact Our Sales Manager.[/b]


[b]About IndustryARC:[/b]
IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.


[b]CONTACT:[/b]
Mr. Sanjay Matthews
Sales Manager
[email protected]
#: +1-614-588-8538 (Ext: 101)
www.industryarc.com
LinkedIn: https://www.linkedin.com/company/industryarc
Facebook: https://www.facebook.com/industryarc
Twitter: https://twitter.com/IndustryARC