Press release
Lubricating Oil Additives Market: Global Industry growing at a CAGR of 4.6% |Top Key Players: BASF, Clariant, The Lubrizol Corporation, Total, Evonik and Chevron
Research for Markets
Global Lubricating Oil Additives Market is accounted for $14.79 billion in 2017 and expected to grow at a CAGR of 3.8% to reach $20.75 billion by 2026. Factors influencing the market growth are increasing demand from automotive industry and industrial growth in emerging economies. However, growth in electric vehicles sales and volatility in raw material prices are the factors hindering the market growth.
Based on function, oxidation inhibitors segment are attributed to decrease thickening and reduce the acid formation in various applications like gear oil, hydraulic oil, industrial oil, engine oil automatic transmission fluid and compressor oil. Additives are designed to control deposit formation, by inhibiting the oxidative breakdown of the lubricant.
Oxidation inhibitor additives used with lubricating oils and relates particularly to such additives used with the relatively new synthetic diester type of lubricating. The art of inhibitor additives for lubricants is extensive and includes other types of inhibitors besides those directed specially toward the protection of the lubricant itself from oxidation, with which the present invention is concerned.
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The Report on the Lubricating Oil Additives market offers explain knowledge on the market parts like dominating players, Regions Covered (North America, Europe, Asia Pacific, South America and Middle East & Africa), Functions Covered (Anti-Wear Agents, Detergents, Dispersants, Viscosity Index Improvers, Anti-oxidants, Extreme Pressure Additives, Rust & Corrosion Inhibitors, Pour Point Depressants (PPD) Emulsifiers, Friction Modifiers, Oxidation Inhibitors and Other Functions).
SOME OF THE KEY PLAYERS IN GLOBAL LUBRICATING OIL ADDITIVES MARKET INCLUDE
• Lubricating Oil Additives market are BASF
• Clariant
• Wuxi South Petroleum Additives
• Lubrizol Corporation
• Total
• Evonik Industries
• Chevron
• Oronite
• Infineum
• International Petroleum and Additives Company, Inc.
• Eurolub
• Dorf
• Ketal
• Lanxess
• Croda
• BRB International
• Tianhe Chemicals
• Afton Chemical
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By sector, automotive segment is anticipated to grow due to increasing demand for engine oil, growing demand in technological advancements of additives to reduce emission and raise the efficiency of automotive lubricants are fuelling the market growth. Lubricating oil additives used to originate lubricants for passenger cars, commercial vehicles, and other automobiles includes motorcycles and three wheelers.
Applications Covered:
• Industrial Oil
• Metalworking Fluid
• Process Oil
• Engine Oil
• Gear Oil
• Hydraulic Fluid
• Other Applications
End Users Covered:
• Industrial
• Automotive
Asia Pacific is projected to be the largest growing market due to increasing demand for lubricants and additives from the automotive and industrial sectors.
WHAT OUR REPORT OFFERS:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Research for Markets indulges in detailed and diligent research on different markets, trends and emerging opportunities in the successive direction to cater to your business needs. We have established the pillars of our flourishing institute on the grounds of Credibility and Reliability. RFM delve into the markets across Asia Pacific, North America, South America, Europe, Middle East and Africa.
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Research for Markets
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