Precision Business Insights has published a report on the global engine oil additives market, estimating its value at USD 12.677 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 5.2% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/global-engine-oil-additives-market

The Engine Oil Additives Market is an industry that focuses on chemical compounds that are added with engine oil to improve performance and longevity. These additives enhance qualities including viscosity, oxidation resistance, wear protection, and corrosion inhibition.

Drivers:

• Rising Demand for Fuel-Efficient Vehicles – The push for higher fuel economy is leading to the development of additives that minimize friction and enhance engine efficiency.
• Growth in Automotive and Industrial Sectors – Increasing vehicle production and industrial machinery usage drive the demand for engine oil additives.

The global engine oil additives market segmentation:

1) By Type: Antioxidants, Dispersants, Detergents, Corrosion Inhibitors, Friction Modifiers, Antiwear Additives, and VI Improvers

2) By Fuel Type: Diesel, Gasoline, and Gas

3) By End User: Passenger car, Commercial vehicles, Motorcycles and Others

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Regional Overview:
The report also examines the current concerns and their Future Effects on the engine oil additives market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the engine oil additives market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

• North America (U.S., Canada)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
• Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
• Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like Afton Chemical, BASF SE, Croda International Plc., Lucas Oil Products Inc., Lubrizol, Multisol, Chevron Corporation, Evonik Industries, Infineum International Limited, BRB International.

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