Ozone Market Reports projects that the Automotive Additives market size will grow from USD 6.07 Billion in 2017 to USD 8.88 Billion by 2023, at an estimated CAGR of 6.55%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.

Rising demand for lightweight vehicles across the ecosystem have fueled the growth of the automotive additives market globally. The growing trend of EVs is also a major factor that has contributed to the growth of this market. OEMs are manufacturing lightweight vehicles to increase fuel efficiency and reduce emissions. Component manufacturers are also replacing the material with plastics to make their component lighter in weight. The electrification of vehicles in emerging countries such as China and India is driving the market for automotive additives. The use of plastics in electric vehicles is more as compared to passenger cars, light commercial vehicles (LCV), and heavy commercial vehicles (HCV). The electrification of vehicles is increasing due to the lightweight of plastics and to cope with the stringent emission regulations.

By Market Players:
Exxon Mobil Corporation , Evonik Industries, BASF SE , Sabic, Covestro AG, Solvay SA, Lanxess AG , Clariant AG, Kaneka Corporation, Polyone Corporation, , , , , , , , , , ,

By Product Type:
Plasticizers, Anti-Scratch, Stabilizers, Antioxidants, ,

By Application:
ExteriorHood, Interior, Under the Hood, , ,

The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.

Points Covered in The Report:
The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2012 to 2017 and forecast data from 2018 to 2023.
The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail.
Data and information by manufacturer, by region, by type, by application and etc, and custom research can be added according to specific requirements.
The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

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