Automotive Chemicals

The automotive chemicals market has been analyzed with respect to five regions, namely, North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.  We can provide all of the following: Car Lubricants, Engine Treatment, Engine Break In Oil, Engine Stop Leak, Oil Stabilizer, Gear Oil, Two Stroke Engine, Passenger Car Oils, Heavy-Duty Engine Oil, Transmission Fluid, Lithium Grease.

Technology

Technological improvements in automotive engines have led to new development of technology. These include multi-fuel engines, turbochargers, variable valve technology, and common rail direct injection. These technologies can produce the high power and high torque required for luxury segment vehicles. OEMs are developing engines that are lighter and able to produce higher power. This will possibly boost the demand for automotive engines, by driving the market.

The demand for automotive chemicals is directly dependent on the development of gas-fired power plants. Yet, the production and supply of most of the world’s natural gas is concentrated in just a few countries. This has resulted in a price disparity for importers. Additionally, geo-political tensions and pipelines and related infrastructural issues have led to supply disruptions.

The Market

Factors such as price difference in the international trade of natural gas as well as ongoing concerns regarding stable natural gas supply are hampering the growth of the gas engines market. The global gas engine oil market was valued at 3.03 Billion US dollars in 2015, and is expected to grow at a rate of 6.9% from 2016 to 2021. The increasing demand for electricity, drop in natural gas prices, and growing environmental concerns are huge factors driving the engine oil market. The market has been separated by fuel type into gasoline, diesel, natural gas, and hybrid. The growing production of passenger cars in Asia, mainly in China, India, and Japan, are expected to drive the automotive engine market in the region. The Asia-pacific region is projected to drive the market, in terms of value, in 2015.

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