Allied Market Research published a report, titled, "Driveline Additives Market by Product Type (Transmission Fluid Additives, Gear Oil Additives, Others), by Vehicle Type (Passenger Vehicles, Commercial Vehicles, Off-highway Vehicles), by Additive Type (Dispersants, Viscosity Index Improvers, Detergents, Anti-wear Agents, Antioxidants, Corrosion Inhibitors, Friction Modifiers, Emulsifiers, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." According to the report published by Allied Market Research, the global driveline additives industry generated $7.4 billion in 2021, and is projected to reach $10.7 billion by 2031, witnessing a CAGR of 3.8% from 2022 to 2031.  

Determinants of growth- 

Increase in manufacturing of automobiles around the world, rise in number of on-road and off-road motors in operation, growth in adoption of continuously variable transmission (CVT), and creation of transmissions with high operational temperatures drive the growth of the global driveline additives market. Furthermore, growth in demand for longer drain intervals from the OEMs presents new opportunities in the upcoming years. 

The passenger vehicles segment to dominate by 2030- 

By vehicle type, the passenger vehicles segment held the highest market share in 2021, holding around two-thirds of the global driveline additives market share, and is expected to continue its leadership status during the forecast period. Increasingly strict environmental regulations aimed at reducing greenhouse gas emissions have forced passenger car OEMs to make substantial modifications to engine hardware technology. This factor drives the segment growth. However, the off-highway vehicles segment is estimated to register the highest CAGR of 4.1% from 2022 to 2031. Urbanization in emerging economies drives the growth of the segment.