The Global Engine Oil Additives for Biocides Market is estimated to reach USD 15.17 billion by 2027 from USD 12.60 billion in 2019, delivering a CAGR of 2.3% through the forecast period. The market growth is driven by the growing use of engine oil additives as per OEM specifications for lowering viscosity and improving fuel economy.

The engine oil additives are specialty chemicals that are mixed or added to the engine oil in order to boost the characteristics and performance of a vehicle. The product protects the engine form all sorts of wear & tear and also improves the overall fuel economy. The three basic roles of engine oil additives are to suppress the undesirable properties of a base oil along with enhancing and imparting new properties to the base oil. Different types of engine oil additives are used to carry out functions as per specific engine requirements. The key function of the engine oil additives is to improve the viscosity index of the engine oil, which keeps changes due to temperature variations and hampers the proper functioning of the engine. Engine oil additives ensure that the viscosity index of the engine oil remains stable.

Get a sample copy of the report @ https://www.reportsanddata.com/sample-enquiry-form/3536

Top Players in the Global Engine Oil Additives for Biocides Market:

Afton Chemical, BASF SE, Croda International Plc., Lucas Oil Products, Inc., Lubrizol, Multisol, Chevron Corporation, Evonik Industries, Infineum International Limited.,BRB International, Total S.A, Gazpromneft Lubricants, Ltd., LUKOIL oil company, ROSNEFT, Royal Dutch Shell plc., Saudi Arabian Oil Co., Exxon Mobil Corporation, BP plc., Statoil, Sinopec Lubricant Company, Jiangsu Tech. Company Limited, Castrol Limited, and Ashland Inc.

Growing demand for high-mileage engines that offer properties such as oil leak prevention, reduction in oil-burn offs, and superior performance is likely to boost Engine Oil Additives for Biocides Market share. Moreover, rapid globalization and urbanization trends fuelling the adoption of automotive will also boost industry revenue share through 2027.

Read full Report Description@ https://www.reportsanddata.com/report-detail/engine-oil-additives-market

Market segmentation based on Type Outlook:

  • Anti-oxidants
  • Detergents
  • Pour point Depressants
  • Anti-wear additives
  • Viscosity modifiers
  • Antifoam agents
  • Friction modifiers
  • Metal Deactivators
  • Corrosion inhibitors
  • Extreme pressure (EP) Additives
  • Demulsifiers
  • Emulsifiers
  • Biocides
  • Tackifiers
  • Seal Swell Agent
  • Oxidation inhibitors
  • Others

Engine Type Outlook:

  • Gasoline
  • Diesel
  • Natural Gas
  • Others

End-Use Outlook:

  • Automotive
  • Industrial
  • Others

Key Regional Markets Covered in the Report:

·         North America (U.S.A., Canada, Mexico)

·         Europe (Italy, U.K., Germany, France, Rest of Europe)

·         Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)

·         Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

·         Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Request a customized copy of the report @ https://www.reportsanddata.com/request-customization-form/3536

Frequently Asked Questions Answered in the Report:

·         What is the estimated revenue growth rate of the global Engine Oil Additives for Biocides Market over the forecast period?

·         What are the major factors driving the global market revenue growth?

·         Which are the leading manufacturers and suppliers in the global Engine Oil Additives for Biocides Market?

·         Which regional market is expected to lead in terms of revenue share in the global Engine Oil Additives for Biocides Market over the forecast years?

·         What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?

Thank you for reading our report. Please connect with us to know more about the report and its customization feature. Our team will ensure the report is well suited to meet your requirements.

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W

Head of Business Development

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

Blog: https://www.reportsanddata.com/blogs