Engine Oil Additive Market Report Examines Analysis by Latest Trends, Growth Factors, Key Players and Forecast to 2032
Market Research Future Insights According to MRFR analysis, the global Engine Oil Additive market is expected to register a CAGR of ~4.21% from 2022 to 2030 and hold a value of over USD 22.05 Billion by 2030. Engine oil additives are chemicals that are used to enhance the performance of engine oils. The selection of additives is based on their ability to perform certain tasks alone or in combination with other additions. They are made to function with a certain base oil and for a specific purpose. Among the most popular kinds of functional additives include dispersants, antioxidants, anti-wear agents, detergents, demulsifiers , viscosity modifiers, and extreme-pressure additives. The largest end-use for engine oil is in the automotive industry. Additionally, a wide range of industrial uses, including metalworking fluids, industrial engine oils, and so forth, require engine oil additives. Globally, the pandemic had a profound...