Emission Standards and Engine Hardware Changes to Boost Automotive Lubricant Additive Sales in Europe, Says Frost & Sullivan

Emission Standards and Engine Hardware Changes to Boost Automotive Lubricant Additive Sales in Europe, Says Frost & Sullivan PR Newswire LONDON, Nov. 7, 2012 - Product innovation will be the key to leverage evolving legislative and technology developments LONDON, Nov. 7, 2012 /PRNewswire/ -- Stringent emissions legislations, along with changes in engine hardware and base oil types, are set to promote the greater incorporation of lubricant additives in passenger car motor oils (PCMO) and heavy duty diesel oils (HDDO). New analysis from Frost & Sullivan (http://www.chemicals.frost.com), European Automotive Lubricant Additives Market, finds that the market earned revenues of €952.3 million in 2011 and estimates this to reach €1,245.8 million in 2017. Increasingly stringent EU emissions standards are pushing the demand for fuel-efficient vehicles. This is heightening the focus on lubricant performance, which plays a key role in enhancing fuel-efficiency. "The integration of more additives will serve the triple purpose of reducing carbon emissions, lowering operating costs and reducing fossil fuel consumption," noted Frost & Sullivan Industry Analyst Sandeepan Mondal. "In addition, the greater penetration of emission control technologies, such as diesel particulate filters and extension of oil drain intervals, will create opportunities for innovative automotive lubricant additives.