Engine Oil Additives Market - Forecast(2021 - 2026)
Engine Oil Additives Market Overview: Global engine oil additives market is valued 10,853$ million in the year 2017 and is anticipated to grow at a CAGR of 3.2% during the forecast period 2018-2023. Engine oil market is segmented based on the type available in which dispersants is valued high among all the types which is valued $2,426.7 million in the year 2017 and is expected to grow at a CAGR of 3.4% from the year 2018-2023, and followed by VI Improvers which is valued $2,322.4 million in the year 2017 and is expected to grow at a CAGR of 2.7% from the year 2018-2023. Due to high sales of two-wheelers, the Global Engine Oil Additive Market is expected to witness a growth in market share during the forecast period of 2018-2023 with a high CAGR of 3.9%. What is Engine Oil Additive Market? Engine oil additive is mixed with engine oil to improve the performance of the engine and protect engine from any type of failure. Engine oil additives are chemical compounds that are added wi...