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Engine Oil Additives Market is Estimated to Generate Revenue of 11.9 Billion USD by Decade End – IndustryARC Research

In terms of global demand, Engine Oil Additives Market driven by APAC region with a magnificent 36.9% market share; China holding the leading position for the largest market consumer owing to extensive consumption of passenger and commercial vehicles.

The Report “Engine Oil Additives Market Analysis – By Type (Anti-Oxidants, Detergents, Dispersants, Anti-Wear Additives, VI Improvers, Corrosion Inhibitors, Friction Modifiers, PPD); By Engine Type (Gasoline, Diesel, Natural Gas); By End User (Passenger Car, Commercial Vehicle, Motorcycle) – With Forecast (2015-2020)” publishedby IndustryARC, the market estimated to reach $11.9 billion by 2020

Engine Oil Additives are specialty chemicals mixed with the engine oil to enhance its properties. These additives help in protecting the engine from any wear & tear and also improve the overall fuel economy. The market is segmented on the basis of different types of additives such as anti-oxidants, detergents, dispersants, anti-wear additives, VI improvers, corrosion inhibitors, friction modifiers, pour point depressants and others. Market is also segmented based on different engine types and end users.

Engine oil additives market had sales revenue of around $9.9 billion in 2014, where APAC dominated with around 37% revenue share. Increasing number of in-use vehicles as well new registrations in APAC region is driving the market growth. China, among all the countries is the promising market with rising demand for engine oil additives. China being the country for highest number of motorcycles on road plays a major role in the global engine oil additives market.

For an Inquiry about the Report: http://www.industryarc.com/inquiry-before-buying.php?id=7509

The market is analyzed by the following end user verticals:

The global in use passenger car fleet has been increasing; hence engine oil additives market volume for passenger car is estimated to grow at a CAGR of 4.3% from 2014 to 2020. Across Americas, the number of commercial vehicles in use is very high, accounting for 52.2% of the global commercial vehicle in use fleet in 2014. Due to this reason, America leads the engine oil additives market for commercial vehicles, followed by Europe and APAC.

Following key players were also covered as part of the market landscape analysis:

Globally there are many manufacturers listed in the engine oil additives market including many small and medium scale regional players. Out of all those only a few as stated above are competing in the global market. Every company is investing huge share of their profitability for R&D to come up with innovative products to differentiate themselves in the market. Engine oil additives market is set to experience a lot of change in future in terms of demand and other technical aspects.

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About IndustryARC:

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.

Logo: http://www.abnewswire.com/pressreleases/wp-content/uploads/2016/03/1459413563.jpeg

“Europe: A potential revenue market during the forecast period despite APAC and the Americas leading the global market currently.”

Media Contact
Company Name: IndustryARC
Contact Person: Mr. Sanjay Matthews
Email: sales@industryarc.com
Phone: 1-614-588-8538 (Ext: 101)
Country: United States
Website: http://www.industryarc.com

Source: ABNewswire

ReleaseID: 57830

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