Market Overview:
Gear oil additives are chemicals that are mixed with gear oils to improve their properties. Gear oil additives can be classified into five main categories: antioxidants, anti-wear/anti-scuff agents, extreme pressure agents, friction reducers and corrosion inhibitors. The global gear oil additives market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth of the market is mainly driven by the increasing demand for automotive and machinery & equipment applications globally. Asia Pacific is expected to be the fastest growing region in the global gear oil additives market during the forecast period.
Product Definition:
Gear oil additives are chemicals that are added to gear oil to improve its performance. They help reduce wear and tear on the gears, prevent corrosion, and keep the oil from thickening up in cold weather.
Antioxidants:
Antioxidants are natural or synthetic materials that prevent the oxidation of oils. They are added to lubricating oils during their production process in order to avoid any damage from oxidation and thus maintain the viscosity of these oils. The most commonly used antioxidants in gear oil additives include BHT, BHA, and TBHQ.
Anti-wear/Anti-scuff:
Anti-wear/anti-scuff additives are chemicals that prevent the formation of micro scratches on the surface of gears. These additives also reduce friction between surfaces, which results in less wear and tear of moving parts. Anti-wear/Anti-scuff additive is used as a lubricant or a conditioner to improve the performance and quality of various mechanical components such as chains, cams, sprockets, bushings or any other metal to plastic ratio component in gearboxes.
Application Insights:
Automotive was the largest application segment in 2017 and is projected to witness significant growth over the forecast period. The global automotive industry has been witnessing a paradigm shift due to rising demand for electric vehicles. Electric vehicles require less maintenance as compared to conventional vehicles, which is expected to drive product demand in near future.
The machinery & equipment segment held a considerable share of the overall revenue in 2017 and is anticipated to grow at a CAGR of XX% from 2018-2030 owing to increasing industrialization across developing countries including China, India and Brazil. These countries are major producers of agricultural machinery that uses lubricants with superior properties including high viscosity index as well as low toxicity for environment when compared with other oils used in these machines such as heavy-duty diesel or hydraulic oil respectively. This factor along with growing focus on energy efficiency by manufacturers will boost product consumption over the next few years.
Regional Analysis:
Asia Pacific dominated the global gear oil additives market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of automotive manufacturers, which leads to high demand for anti-wear/anti-scuff additives. In addition, increasing industrialization along with rapid urbanization in emerging economies such as India and China is anticipated to drive product demand further.
The Asia Pacific was followed by North America, which accounted for over 20% of the total revenue share in 2017 owing to growing consumer awareness regarding fuel economy along with stringent government regulations on reducing carbon emissions from vehicles has resulted into increased sales of eco-friendly vehicles such as hybrid cars and electric cars that require premium grade lubricants having reduced viscosity oils. This trend will result into increased product consumption across various applications including transmission & transfer case fluids, engine oils & cooling system fluids).
Growth Factors:
- Increasing demand for gear oil additives from automotive and industrial sectors
- Growing awareness about the benefits of using gear oil additives among consumers
- Rising demand for high-performance lubricants and greases across the globe
- Technological advancements in the production of gear oil additives products
- Stringent environmental regulations governing the use of lubricants and greases
Scope Of The Report
Report Attributes
Report Details
Report Title
Gear Oil Additives Market Research Report
By Type
Antioxidants, Anti-wear/Anti-scuff, Extreme Pressure, Friction Reducers, Corrosion Inhibitors, Rust Inhibitors, Metal Deactivators
By Application
Automotive, Machinery & Equipment
By Companies
Vanderbilt Chemicals, Afton Chemical, 3M, DOW CORNING, TMC Industries
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Gear Oil Additives Market Report Segments:
The global Gear Oil Additives market is segmented on the basis of:
Types
Antioxidants, Anti-wear/Anti-scuff, Extreme Pressure, Friction Reducers, Corrosion Inhibitors, Rust Inhibitors, Metal Deactivators
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Machinery & Equipment
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Vanderbilt Chemicals
- Afton Chemical
- 3M
- DOW CORNING
- TMC Industries
Highlights of The Gear Oil Additives Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Antioxidants
- Anti-wear/Anti-scuff
- Extreme Pressure
- Friction Reducers
- Corrosion Inhibitors
- Rust Inhibitors
- Metal Deactivators
- By Application:
- Automotive
- Machinery & Equipment
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Gear Oil Additives Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Gear oil additives are chemicals or compounds that are added to gear oils to improve performance and reduce wear. Gear oil additives can be used to increase lubrication, prevent corrosion, and extend the life of gears.
Some of the key players operating in the gear oil additives market are Vanderbilt Chemicals, Afton Chemical, 3M, DOW CORNING, TMC Industries.
The gear oil additives market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Gear Oil Additives Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Gear Oil Additives Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Gear Oil Additives Market - Supply Chain
4.5. Global Gear Oil Additives Market Forecast
4.5.1. Gear Oil Additives Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Gear Oil Additives Market Size (000 Units) and Y-o-Y Growth
4.5.3. Gear Oil Additives Market Absolute $ Opportunity
5. Global Gear Oil Additives Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Gear Oil Additives Market Size and Volume Forecast by Type
5.3.1. Antioxidants
5.3.2. Anti-wear/Anti-scuff
5.3.3. Extreme Pressure
5.3.4. Friction Reducers
5.3.5. Corrosion Inhibitors
5.3.6. Rust Inhibitors
5.3.7. Metal Deactivators
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Gear Oil Additives Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Gear Oil Additives Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Machinery & Equipment
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Gear Oil Additives Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Gear Oil Additives Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Gear Oil Additives Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Gear Oil Additives Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Gear Oil Additives Demand Share Forecast, 2019-2026
9. North America Gear Oil Additives Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Gear Oil Additives Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Gear Oil Additives Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Machinery & Equipment
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Gear Oil Additives Market Size and Volume Forecast by Type
9.7.1. Antioxidants
9.7.2. Anti-wear/Anti-scuff
9.7.3. Extreme Pressure
9.7.4. Friction Reducers
9.7.5. Corrosion Inhibitors
9.7.6. Rust Inhibitors
9.7.7. Metal Deactivators
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Gear Oil Additives Demand Share Forecast, 2019-2026
10. Latin America Gear Oil Additives Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Gear Oil Additives Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Gear Oil Additives Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Machinery & Equipment
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Gear Oil Additives Market Size and Volume Forecast by Type
10.7.1. Antioxidants
10.7.2. Anti-wear/Anti-scuff
10.7.3. Extreme Pressure
10.7.4. Friction Reducers
10.7.5. Corrosion Inhibitors
10.7.6. Rust Inhibitors
10.7.7. Metal Deactivators
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Gear Oil Additives Demand Share Forecast, 2019-2026
11. Europe Gear Oil Additives Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Gear Oil Additives Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Gear Oil Additives Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Machinery & Equipment
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Gear Oil Additives Market Size and Volume Forecast by Type
11.7.1. Antioxidants
11.7.2. Anti-wear/Anti-scuff
11.7.3. Extreme Pressure
11.7.4. Friction Reducers
11.7.5. Corrosion Inhibitors
11.7.6. Rust Inhibitors
11.7.7. Metal Deactivators
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Gear Oil Additives Demand Share, 2019-2026
12. Asia Pacific Gear Oil Additives Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Gear Oil Additives Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Gear Oil Additives Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Machinery & Equipment
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Gear Oil Additives Market Size and Volume Forecast by Type
12.7.1. Antioxidants
12.7.2. Anti-wear/Anti-scuff
12.7.3. Extreme Pressure
12.7.4. Friction Reducers
12.7.5. Corrosion Inhibitors
12.7.6. Rust Inhibitors
12.7.7. Metal Deactivators
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Gear Oil Additives Demand Share, 2019-2026
13. Middle East & Africa Gear Oil Additives Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Gear Oil Additives Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Gear Oil Additives Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Machinery & Equipment
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Gear Oil Additives Market Size and Volume Forecast by Type
13.7.1. Antioxidants
13.7.2. Anti-wear/Anti-scuff
13.7.3. Extreme Pressure
13.7.4. Friction Reducers
13.7.5. Corrosion Inhibitors
13.7.6. Rust Inhibitors
13.7.7. Metal Deactivators
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Gear Oil Additives Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Gear Oil Additives Market: Market Share Analysis
14.2. Gear Oil Additives Distributors and Customers
14.3. Gear Oil Additives Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Vanderbilt Chemicals
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Afton Chemical
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. 3M
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. DOW CORNING
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. TMC Industries
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
