The report " Engine Oil Additive Market: By Type (Anti-Oxidants, Detergents, Dispersants, Anti-Wear Additives, VI Improvers, Corrosion Inhibitors, Friction Modifiers, PPD, Others); By Engine Type (Gasoline Engine Oil Additives, Diesel Engine Oil Additives, Natural Gas Engine Oil Additives); By End User; By Geography - Trends and Forecast to 2020", defines and segments the Engine Oil Additive Market with analysis and forecasting of the global revenues for Engine Oil Additive Market. It also identifies the driving and restraining factors of the market with analysis of trends, opportunities, winning imperatives, and challenges.
Browse Market Data Tables, Figures spread through 116 pages and in-depth TOC on “Engine Oil Additive Market: By Type (Anti-Oxidants, Detergents, Dispersants, Anti-Wear Additives, VI Improvers, Corrosion Inhibitors, Friction Modifiers, PPD, Others); By Engine Type (Gasoline Engine Oil Additives, Diesel Engine Oil Additives, Natural Gas Engine Oil Additives); By End User; By Geography - Trends and Forecast to 2020”.
Electric cars are the future of automotive industry. They do not require petroleum fuel and hence environment friendly as there is less gas emission or zero emission. That is why these are also termed as green vehicles sometimes. A consumer can choose from different types of electric vehicles such as hydrogen, plug-in hybrid electric vehicle (PHEV) and hybrid electric vehicle (HEV). Hydrogen cars use hydrogen fuel cells which create electricity to drive the motor.
Request Sample Data: http://industryarc.com/pdfdownload.aspx?id=7509
Plug-in hybrid cars combine an electric battery with gasoline engine; the cars can go up to 30 to 35 miles with the help of battery and then switches to internal combustion engine. On the other hand, the fully battery powered electric vehicle can go up to 100 miles with 8 hours of charging. Despite having huge popularity these vehicles have some drawbacks such as the charging time, battery weight & space, cost and others.
Electric vehicles do not have any internal combustion engine; their system is based on electric motor. There is nothing much to lubricate as there is no piston in the vehicle. This creates an uncertainty for the automotive lubricants industry and poses a question on the future of lubricants and additives manufacturers. Engine oil is the major lubricant used in gasoline and diesel engine vehicles for efficient functionality of the internal combustion engine. Electric vehicles do not require engine oil and this has created panic for big oil companies which manufacture engine oil and its additives. Currently global engine oil additives market is valued at $9.9bn, which can be dropped down in future if the sales of electric vehicles continue to rise. According to European Automobile Manufacturers Association (ACEA), electrically chargeable vehicle share can reach up to 8% by 2025 in the global market. In U.S., the sales of electric vehicles growing at an annual growth rate of 36.2% with 501,369 numbers (including PHEVs and HEVs) of vehicle sold in 2013.
Request for Customization:
The only satisfaction to the lubricants manufacturers is that, it will take long time for this new age vehicle to capture significant share in the automotive industry. Also the electric vehicles require grease for its rotating devices, so the opportunity or competition will exist on other lubricants like grease. Many lubricant manufacturers are investing on research and development to bring changes in the lubrication technology which can lower the emission of hazardous gases in the environment. However, in the longer term, they have to discover other opportunities in the market to save their presence.
Inquiry Before Buying: http://industryarc.com/inquiry-before-buying.aspx?id=7509
IndustryARC is a Research and consulting firm that publishes more than 500 Reports Annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.
We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.
Contact Person: Sanjay Matthews
Phone: 1-614-588-8538 (Ext: 101)
Company Name: IndustryARCTM
Connect with us on LinkedIn @ http://www.linkedin.com/company/industryarc
Get More Insights on Reports @ http://goo.gl/Ga7fq7