According to the report "Engine Oil Additives Market Analysis - By Type (Anti-Oxidants, Detergents, Dispersants, Anti-Wear Additives, VI Improvers, Corrosion Inhibitors, Friction Modifiers, PPD); By Engine Type (Gasoline, Diesel, Natural Gas); By End User (Passenger Car, Commercial Vehicle, Motorcycle) - With Forecast (2015-2020)",

Engine oil additives are specialty chemicals used to enhance the performance of engine oil as well as the durability of the engine. These additives when added to engine oil while formulating it, improve its physical and chemical properties. The global engine oil additives market is segmented based on different criteria such as by type, by engine type, by end user and by geography. Different types of additives include anti-oxidants, detergents, dispersants, anti-wear, VI improvers, corrosion inhibitors, friction modifiers, pour point depressants and others. Others include metal deactivators, emulsifiers and more. Among all these types of additives detergents, dispersants and VI improvers are widely used with engine oil. The combined market share for these three types stands at around 64% of the global engine oil additives market currently.

Engine Oil Additives Market had sales revenue of around $9.9 Billion in 2014, wherein APAC dominated with around 37% revenue share. Increasing number of in-use vehicles as well new registrations in APAC region is driving the market growth primarily.China, among all the countries is the promising market with rising demand for engine oil additives.

published by IndustryARC, the engine oil additives market is estimated to reach?$11.9 Billion by 2020 at a high CAGR.?China being the country for highest number of motorcycles on road plays a major role in the global engine oil additives market.