Global Engine Oil Additives Market Insights and Forecast to 2028

Engine Oil Additives is one kind of additives of the engine oil; it can improve the function of the engine oil. The additives include single component and additive package. The single component’s price is lower than the additive package.
Market Analysis and Insights: Global Engine Oil Additives Market
Due to the COVID-19 pandemic, the global Engine Oil Additives market size is estimated to be worth US$ 14190 million in 2022 and is forecast to a readjusted size of US$ 15980 million by 2028 with a CAGR of 2.0% during the review period. Fully considering the economic change by this health crisis, Single Component accounting for % of the Engine Oil Additives global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Automotive Engine segment is altered to an % CAGR throughout this forecast period.
The major players in global Engine Oil Additives market include Lubrizol, Infineum, Chevron Oronite, etc. The top 3 players occupy over 65% shares of the global market. North America and Europe are main markets, they occupy about 50% of the global market. Additive Package is the main type, with a share about 70%. Automotive Engine is the main application, which holds a share over 70%.
In terms of production side, this report researches the Engine Oil Additives capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Engine Oil Additives by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Engine Oil Additives Scope and Segment
Engine Oil Additives market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Engine Oil Additives market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Single Component
Additive Package
Segment by Application
Automotive Engine
Others
By Company
Lubrizol
Infineum
Chevron Oronite
Afton
Tianhe
Lanxess
Jinzhou Kangtai
Wuxi South
Jinzhou Xinxing
Production by Region
North America
Europe
China
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE