Press release
Global Lubricating Oil Additives Market trends and business development strategies by 2025 - Top manufacturers are BASF, Celanese, Chevron, Eastman Chemical Company, LANXESS, The Lubrizol Corporation, Shamrock Shipping and Trading Limited, Tianhe Oil, Cro
Global Lubricating Oil Additives Market
The Global Lubricating Oil Additives Market is expected to reach USD 18.40 billion by 2025, from USD 14.80 billion in 2017 growing at a CAGR of 2.44% during the forecast period of 2018 to 2025.
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Well known players of Global Lubricating Oil Additives Market are BASF, Celanese, Chevron, Eastman Chemical Company, LANXESS, The Lubrizol Corporation, Shamrock Shipping and Trading Limited, Tianhe Oil, Croda, Afton Chemical, Evonik and others
Market Segments
By Application
• Engine Oil
• Gear Oil
• Automatic Transmission Fluids
• Hydraulic Fluids
• Water-Mixed Fluids
• Additive Content Of Lubricants
• Metalworking Fluids
By Geography
• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa
By Functional type
• Dispersants
• Viscosity Index Improvers
• Detergents
• Anti-Wear Agents
• Anti-Oxidants
• Rust & Corrosion Inhibitors
• Friction Modifiers
• Emulsifiers
• Extreme Pressure Additives
• Pour Point Depressants (Ppd)
• Others
By End User
• Automotive Sector
• Industrial Sector
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Competitive Landscape
The global lubricating oil additives market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of lubricating oil additives market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Major Market Drivers & Market Restraint
• Demand from the automotive industry is increasing.
• Industrial growth in Asia-Pacific and Africa is high.
• Demand for an electric vehicle is increasing which may affect the lubricants.
• Raw material prices fluctuation.
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