Engine Oil Additive Industry Outlook Latest Study with Future Growth Analysis to 2027
Market Synopsis According to the MRFR analysis, the global Engine Oil Additives Market size was valued at around USD 9.5 billion in 2019 and is expected to reach around USD 11 billion by the end of 2027 at a CAGR of 3.5%. Get Free Sample Report@ https://www.marketresearchfuture.com/sample_request/10532 Engine oil additives are chemical compounds that are used to enhance the performance of engine oils. Additives are selected based on their ability to perform specific functions in combination with other additives. They are formulated for use with a specific base oil and for a specified end-use application. The major functional additive types are anti-oxidant, dispersants, detergents, anti-wear agents, viscosity modifiers, demulsifiers, and extreme-pressure additives. High demand from the automotive industry and rising industrialization globally are factors that are expected to propel the growth of the global engine oil additives market. Furthermore, the advancement in engine oil addit