Benefits of Improved Combustion and Fuel Efficiency of Passenger Vehicles Fuels Engine Oil Additives Market

Savvy players in the global engine oil additives market are investing in R&D to introduce novel products that can bring about enhanced vehicular fuel efficiency. The use of high-quality engine oil additives leads to complete combustion of fuel, which helps to reduce the emission of harmful gases in the environment. 

Engine oil additives are specialty chemicals that are mixed with engine oil to enhance its performance. Engine oil additives protect the engine from wear and tear and also attain fuel efficiency. Engine oil additives help improve the viscosity index of engine oil. While high viscosity causes difficulty for easy flow of oil, less viscosity causes improper lubrication. To prevent this, engine oil additives ensure maintenance of optimal viscosity of the engine oil so that the engine functions without any breakdowns.

To sum up, engine oil additives are used for three basic functions. Firstly, to enhance base oil properties, suppress undesirable properties, and impart new properties to base oil. However, different types of engine oil additives are required to carry out these functions. 

Increasing demand for fuel efficient vehicles is the key growth deriver of the engine oil additives market. Engine oil additives help improve engine performance by maintaining the desired properties of engine oil. 

Apart from this, stringent emission regulations in place especially for vehicles is another key growth driver of the engine oil additive market. As engine oil additives allow complete combustion of vehicular fuel, emission of harmful gases is considerably reduced. 

On the downside, emergence of electric vehicles is a key roadblock to the engine oil additives market. Electric vehicle are gaining popularity due to their zero emission characteristics. Nevertheless, demand for engine oil additives from automobile and heavy machinery industries would serve to provide lucrative opportunities to the engine oil additives market. 

Below, we sum up key aspects of the engine oil additive market for players in this market to make the best bet;

The key types of engine oil additives purveyed in the market include anti-oxidants, detergents, corrosion inhibitors, antiwear additives, anti-oxidants dispersants, friction modifiers, and VI improvers. 

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By fuel type, diesel, gasoline, and gas are the key segments of the engine oil additives market.
In terms of vehicle type, the key segments of the engine oil additives market include passenger cars, off-road vehicles, commercial vehicles (LCV & HCV), and others. The others segment comprise machineries that use engine oil or fuel for operations.

Driven by rapid industrialization and urbanization, the Asia Pacific engine oil additives market is poised to gross maximum revenue in the overall market. Among a slew of vehicle types, passenger cars and heavy commercial vehicles constitute the maximum demand for engine oil additives in the region. North America is a prominent region for engine oil additives driven by extensive demand for passenger vehicles across various economic classes of the society.

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