Lubricant Additives Market Size, Shares & Analysis | Global Industry Revenue by Top Leading Companies

Constantly increasing marine and aviation transportation, growing automotive industry, and improved emission regulations in conjunction with fuel economy standards are driving the lubricant additives market growth. However, higher drain intervals for high-grade lubricants inhibit the market growth owing to lubricant solutions with decreased maintenance costs and servicing. In addition, the fluctuations in the lubricant market are responsible for the relatively low growth rate of the world lubricant additives market.

Lubricant Additives Market is expected to garner $17,153 million by 2022, registering a CAGR of 2.6% during the forecast period 2016-2022.

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To explore investment opportunities, companies should focus on broadening the product portfolios of the lubricant additives with respect to specific applications. Dispersants, detergents, and viscosity index improvers are the most popular additives used in the lubricant industry. These additives are also the most lucrative segments due to their low cost and easy availability.

The lubricant additives market is segmented into four regions: North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is the highest revenue-generating region for lubricant additives. The Asia-Pacific lubricant additives market was valued at $5,957.7 million in 2015 and is expected to grow at a CAGR of 2.8% during 2016-2022. The increasing industrialization and automotive ownership are the key factors responsible for the growth of this market in the Asia-Pacific region.

The most attractive market segment in the world lubricant additives market is the LAMEA region. This region is the first preference for new entrants due to the increasing industrialization in conjunction with increasing use of high-grade lubricants. The Asia-Pacific lubricant additives market is expected to grow at a CAGR of 2.7% during the analysis period.

Heavy-duty and passenger car lubricants dominated the automotive lubricant additives market in 2015, asserting more than four-fifths of the market share collectively. These segments are estimated to grow at an expected CAGR of 2.4% and 2.6%, respectively, during the forecast period. Metalwork fluids and industrial engine oils accounted for three-sevenths and two-fifths of the market value, respectively, in the year 2015. Other lubricants segment, which includes processing lubricants, textile machinery oils, and greases, is estimated to be the fastest-growing sub segment in the industrial additive segment with a CAGR of 3.2% during the forecast period. Anti-wear agents are expected to grow with a CAGR of 3.8%, which is the highest among the lubricant additive types from 2016 to 2022, owing to the improving mileage and emission standards expected from original equipment manufacturers (OEMs) by governing bodies.

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Lubricant additives are helpful in optimizing the performance of lubricants and other functional fluids, as these addendums provide protection from corrosion and wear in conjunction with regulating deposits and fluid thickness. The key elements that drive the lubricant additives market growth include, rising automotive industry, increasing transportation by marine & aviation and stringent emission regulations. However, higher drain intervals of high grade lubricants inhibit the market growth, owing to lubricant solutions with decreased maintenance, costs and servicing.

"Heavy duty and passenger car lubricants segment dominated the automotive lubricant Additives market in 2015, generating more than four-fifths of the market share collectively. These segments are estimated to grow with a CAGR of 2.4% and 2.6%, respectively, during the forecast period. Metalwork fluids and industrial engine oils accounted for more than 80% in 2015. Among different types of lubricant additives, anti-wear agents are expected to grow with a highest CAGR of 3.8%, owing to the enhanced mileage and emission standards expected from OEMs by governing bodies."

The Asia-Pacific and LAMEA lubricant Additives markets are expected to offer lucrative growth opportunities, with the CAGRs of 2.8% and 2.7%, respectively; this is due to increasing economic development, expanding automotive ownership and rising disposable income. The key players profiled in globallubricant Additives market include,

• BASF SE,
• Evonik Industries AG,
• Infineum International Limited,
• Chevron Oronite Company LLC,
• Chemtura Corporation,
• Lubrizol Corporation,
• Croda International PLC,
• Afton Chemical Corporation,
• Vanderbilt Chemicals LLC and
• Rhein Chemie Corporation.

LIST OF FIGURE

FIG. 1 TOP IMPACTING FACTORS: MODERATE GROWTH SCENARIO (2022-2027)
FIG. 2 TOP IMPACTING FACTORS: RAPID GROWTH SCENARIO (2022-2027)
FIG. 3 TOP IMPACTING FACTORS: DIMINISHING GROWTH SCENARIO (2022-2027)
FIG. 4 TOP WINNING STRATEGIES IN WORLD MARKET (2015-2022)
FIG. 5 TOP WINNING STRATEGIES IN WORLD MARKET, BY COMPANIES (2015-2022)
FIG. 6 TOP INVESTMENT POCKETS IN WORLD MARKET (2015-2022)
FIG. 7 TOP IMPACTING FACTORS: WORLD MARKET (2016-2022)
FIG. 8 MARKET SHARE ANALYSIS, WORLD MARKET (2015)
FIG. 9 PORTERS FIVE FORCES ANALYSIS
FIG. 10 BASF SE: REVENUE BY YEAR, 2013-2015 ($MILLION)
FIG. 11 BASF SE, REVENUE BY BUSINESS SEGMENTS, 2015 (%)
FIG. 12 BASF SE: REVENUE BY GEOGRAPHY, 2015 (%)
FIG. 13 BASF SE: SWOT ANALYSIS
FIG. 14 EVONIK INDUSTRIES AG: REVENUE BY BUSINESS SEGMENTS, 2015 (%)
FIG. 15 EVONIK INDUSTRIES AG: REVENUE BY GEOGRAPHY, 2015 (%)
FIG. 16 EVONIK INDUSTRIES AG: SWOT ANALYSIS
FIG. 17 INFINEUM INERNATIONAL LIMITED: SWOT ANALYSIS
FIG. 18 CHEVRON ORONITE COMPANY LLC: SWOT ANALYSIS
FIG. 19 CHEMTURA CORPORATION: REVENUE BY YEAR, 2013-2015 ($MILLION)
FIG. 20 CHEMTURA CORPORATION: REVENUE BY BUSINESS SEGMENTS, 2015(%)
FIG. 21 CHEMTURA CORPORATION: REVENUE BY GEOGRAPHY, 2015 (%)
FIG. 22 CHEMTURA CORPORATION: SWOT ANALYSIS
FIG. 23 THE LUBRIZOL CORPORATION: REVENUE BY YEAR, 2013-2014 ($MILLION)
FIG. 24 THE LUBRIZOL CORPORATION: SWOT ANALYSIS
FIG. 25 CRODA INTERNATIONAL PLC: REVENUE BY YEAR, 2013-2015 ($MILLION)
FIG. 26 CRODA INTERNATIONAL PLC: REVENUE BY BUSINESS SEGMENTS, 2015 (%)
FIG. 27 CRODA INTERNATIONAL PLC: REVENUE BY GEOGRAPHY, 2015 (%)
FIG. 28 CRODA INTERNATIONAL PLC: SWOT ANALYSIS
FIG. 29 AFTON CHEMICAL CORPORATION: REVENUE BY YEAR, 2013-2015 ($MILLION)
FIG. 30 AFTON CHEMICAL CORPORATION: REVENUE BY BUSINESS SEGMENTS, 2015 (%)
FIG. 31 AFTON CHEMICAL CORPORATION: REVENUE BY GEOGRAPHY, 2015 (%)
FIG. 32 AFTON CHEMICAL CORPORATION: SWOT ANALYSIS
FIG. 33 VANDERBILT CHEMICALS LLC: SWOT ANALYSIS
FIG. 34 RHEIN CHEMIE CORPORATION: SWOT ANALYSIS

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