Automotive Additive Market: By Plastic (Polypropylene (PP), Polyurethane (PUR), Poly-Vinyl Chloride (PVC), Acrylonitrile Butadiene Styrene (ABS)), By Plastic Additive (Plasticizers, Anti-Scratch, Stabilizers, Antioxidant, Others) By Vehicle (Passenger Cars and Commercial Vehicles), By Application (Exterior, Interior, Under the Hood, Electronic & Electrical), and Geography  

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Automotive Additive Market size was valued at USD 9,604.4 million in 2022 and is anticipated to grow at a CAGR of 5.8 % over 2023-2029. Automotive additives are substances that are used in vehicles to enhance various aspects of performance, efficiency, and maintenance. These additives are often mixed with fuels, lubricants, and other automotive fluids to improve certain characteristics of the vehicle's engine, transmission, fuel system, and more. Automotive additives serve a variety of purposes, including improving fuel economy, reducing emissions, preventing engine deposits, protecting components from wear and tear, and maintaining optimal engine performance. They can be formulated to address specific challenges and requirements in different vehicle systems.

Stringent emission regulations play a pivotal role in driving the revenues of the automotive additive market. As governments worldwide implement increasingly stringent emissions standards to address environmental concerns and reduce air pollution, automotive manufacturers are compelled to develop vehicles that meet these regulations. Automotive additives become essential tools in achieving compliance. Moreover, the surge in rising vehicle ownership is a compelling driver behind the increased sales of automotive additives. As the global population grows and urbanization continues, the demand for personal and commercial vehicles is on the rise. As the number of vehicles on the roads continues to grow, vehicle owners and fleet managers are showing a heightened interest in maximizing the longevity and effectiveness of their vehicles. Automotive additives have emerged as a cost-efficient solution for tackling maintenance concerns, optimizing engine operation, and improving fuel efficiency.

However, some additives might have environmental implications, such as residues or byproducts that could potentially harm ecosystems. This environmental concern posed as a potential restraint to the growth of the automotive additives market.  Meanwhile, the rise of electric and hybrid vehicles offers new opportunities for specialized additives that cater to the unique lubrication, cooling, and performance needs of these vehicles' drivetrains and components. Key manufacturers are developing various innovative solutions to cater to the automotive industries. For instance, in June 2020, Vestige Marketing launched the Mach-Drive Nanoenergizer, an engine oil additive that enhances the longevity of the engine, and reduces engine drag, friction, and noise.

Automotive Additive Market Key Developments:       
  • In August 2022, BASF opened a new production plant for fuel performance additives in Shanghai, China.
  • In October 2022, Clariant launched a new anti-scratch additive for PP & TPO formulations to boost the reuse potential of plastics used in consumer applications.
  • In April 2023, Cortec launched a new oil additive, M-535 HV, to prevent rust in gearboxes.

Automotive Additive Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

5.80%

Largest Market

Asia Pacific

Fastest Growing Market

Asia Pacific
Automotive Additive Market Dynamics

Growing demand of fuel which enhances its efficacy coupled with the preference of high quality cars instead of low quality cars has up surged the growth of automotive additive market. With the increasing pollution and environmental thereat imposed due to the use of conventional fuel there is a rise in demand for the use of automotive additives. This is considered to be one of the factor which has positively impacted the growth of automotive additives in the market. The growing trend of electric vehicles is also a major factor that has contributed to the growth of this market. However, volatility in prices of additives, the high price of the oil and fuel automotive additives and the engine downsizing trend going on in the automobile industries, are the factors that are expected to affect the growth of automotive additives market.

Key Features of the Reports

  • The automotive additive market report provides granular level information about the market size, regional market share, historic market (2018-2022), and forecast (2023-2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Automotive Additive Market Segmentation

By Plastic Type
  • Polypropylene (PP)
  • Polyurethane (PUR)
  • Poly-Vinyl Chloride (PVC)
  • Acrylonitrile Butadiene Styrene (ABS)
By Plastic Additive
  • Plasticizers
  • Anti-Scratch
  • Stabilizers
  • Antioxidant
  • Others
By Vehicle Type
  • Passenger Vehicle
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle
  • Electric Car
By Application
  • Exterior
  • Interior
  • Under the Hood
  • Electronics & Electrical

Frequently Asked Questions

The Automotive Additive Market size was valued at USD 9,604.4 Million in 2022

The development of bio-based and environmentally friendly additives and the manufacture of multifunctional additives are some of the major trends in the automotive additive market.

The evolving landscape of the automotive industry and changing consumer preferences are some of the key opportunities for companies to enhance their revenue over the forecast years.

1.Executive Summary
2.Global Automotive Additive Market Introduction 
2.1.Global Automotive Additive Market  - Taxonomy
2.2.Global Automotive Additive Market  - Definitions
2.2.1. By Plastic Type
2.2.2. By Plastic Additive
2.2.3. By Vehicle Type
2.2.4. By Region
3.Global Automotive Additive Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Automotive Additive Market Analysis, 2018 - 2022 and Forecast 2023 - 2029
4.1.  Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Automotive Additive Market  By Plastic Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
5.1. Polypropylene (PP)
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Polyurethane (PUR)
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Poly-Vinyl Chloride (PVC)
5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Acrylonitrile Butadiene Styrene (ABS)
5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
6.Global Automotive Additive Market  By Plastic Additive, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
6.1. Plasticizers
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Anti-Scratch
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Stabilizers
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Antioxidant
6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Others
6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
7.Global Automotive Additive Market  By Vehicle Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
7.1. Passenger Vehicle
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Light Commercial Vehicle
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Heavy Commercial Vehicle
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Electric Car
7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
8.Global Automotive Additive Market  By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Automotive Additive Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
9.1. Plastic Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Polypropylene (PP)
9.1.2.Polyurethane (PUR)
9.1.3.Poly-Vinyl Chloride (PVC)
9.1.4.Acrylonitrile Butadiene Styrene (ABS)
9.2.  Plastic Additive Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Plasticizers
9.2.2.Anti-Scratch
9.2.3.Stabilizers
9.2.4.Antioxidant
9.2.5.Others
9.3.  Vehicle Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Passenger Vehicle
9.3.2.Light Commercial Vehicle
9.3.3.Heavy Commercial Vehicle
9.3.4.Electric Car
9.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Automotive Additive Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
10.1. Plastic Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Polypropylene (PP)
10.1.2.Polyurethane (PUR)
10.1.3.Poly-Vinyl Chloride (PVC)
10.1.4.Acrylonitrile Butadiene Styrene (ABS)
10.2.  Plastic Additive Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Plasticizers
10.2.2.Anti-Scratch
10.2.3.Stabilizers
10.2.4.Antioxidant
10.2.5.Others
10.3.  Vehicle Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Passenger Vehicle
10.3.2.Light Commercial Vehicle
10.3.3.Heavy Commercial Vehicle
10.3.4.Electric Car
10.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
11.Asia Pacific (APAC) Automotive Additive Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
11.1. Plastic Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Polypropylene (PP)
11.1.2.Polyurethane (PUR)
11.1.3.Poly-Vinyl Chloride (PVC)
11.1.4.Acrylonitrile Butadiene Styrene (ABS)
11.2.  Plastic Additive Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Plasticizers
11.2.2.Anti-Scratch
11.2.3.Stabilizers
11.2.4.Antioxidant
11.2.5.Others
11.3.  Vehicle Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Passenger Vehicle
11.3.2.Light Commercial Vehicle
11.3.3.Heavy Commercial Vehicle
11.3.4.Electric Car
11.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Automotive Additive Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
12.1. Plastic Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Polypropylene (PP)
12.1.2.Polyurethane (PUR)
12.1.3.Poly-Vinyl Chloride (PVC)
12.1.4.Acrylonitrile Butadiene Styrene (ABS)
12.2.  Plastic Additive Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Plasticizers
12.2.2.Anti-Scratch
12.2.3.Stabilizers
12.2.4.Antioxidant
12.2.5.Others
12.3.  Vehicle Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Passenger Vehicle
12.3.2.Light Commercial Vehicle
12.3.3.Heavy Commercial Vehicle
12.3.4.Electric Car
12.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Automotive Additive Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
13.1. Plastic Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Polypropylene (PP)
13.1.2.Polyurethane (PUR)
13.1.3.Poly-Vinyl Chloride (PVC)
13.1.4.Acrylonitrile Butadiene Styrene (ABS)
13.2.  Plastic Additive Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Plasticizers
13.2.2.Anti-Scratch
13.2.3.Stabilizers
13.2.4.Antioxidant
13.2.5.Others
13.3.  Vehicle Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Passenger Vehicle
13.3.2.Light Commercial Vehicle
13.3.3.Heavy Commercial Vehicle
13.3.4.Electric Car
13.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.Akzo Nobel N.V.
14.2.2.BASF SE
14.2.3.Clariant
14.2.4.Covestro AG
14.2.5.The Dow Chemical Company
14.2.6.Evonik Industries
14.2.7.ExxonMobil Corporation
14.2.8.Kaneka Corporation
14.2.9.Lanxess
14.2.10.PolyOne Corporation
15. Research Methodology 
16. Appendix and Abbreviations 
  • Akzo Nobel N.V.
  • BASF SE
  • Clariant
  • Covestro AG
  • The Dow Chemical Company
  • Evonik Industries
  • ExxonMobil Corporation
  • Kaneka Corporation
  • Lanxess
  • PolyOne Corporation
  • Sabic

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