Increasing Investments in Lubricant Production Facilities to Assist Demand for Aminic Antioxidants

Rising Demand for Fuel Additives and Increasing Production of Lubricants in China and ASEAN Countries to Fuel Demand for Aminic Antioxidants

The aminic antioxidants market report by Persistence Market Research provides information about market volume (Tons) and value (US$ Mn) projections, market trends, dynamics, forecast factors and key developments in the global aminic antioxidants market for the study period 2018 to 2026.

The global aminic antioxidants market was valued at US$ 1,462.0 Mn by 2017 end and is expected to expand 1.2X over the forecast period to reach US$ 1,862.5 Mn by the end of 2026

Request for sample report: https://www.persistencemarketresearch.com/samples/23812

Increasing Investments in Lubricant Production Facilities to Assist Demand for Aminic Antioxidants

Aminic antioxidants are primarily utilized as fuel and lubricant additives and protect greases and lubricants at high temperatures and also extend engine oil drain intervals. Additives are necessary for lubrication purpose and the continuous use of oil in engines and gearboxes. In the absence of additives, oil may get contaminated, break down, or leak out and fail to protect the parts of the engine. Thus, with the increase in investments across lubricant production facilities, the consumption of aminic antioxidants is also expected to grow over the forecast period.

New Product Launches and Expansion of Product Capacities – Key Focus Areas for Aminic Antioxidants Market Players

Prominent market players involved in the production of aminic antioxidants are found to be involved in the expansion of their production capacities and introduction of new products. Moreover, companies are investing in research and development activities in anticipation of new industry standard requirements. For instance, Songwon has recently introduced liquid butylated octylated aminic antioxidants for various applications.

Fuel & Lubricants – A Prominent Application Segment for Aminic Antioxidants

Globally, the aminic antioxidants market has been segmented on the basis of application into plastic processing, rubber processing, food & feed additives, fuel & lubricants and adhesives. In terms of volume, the plastic processing segment is expected to register 1.2X growth over the forecast period. The consumption of aminic antioxidants as lubricant additives is expected to account for a significant share, supported by surging investments in lubricant production facilities across Asia-Pacific.

Request Report TOC @ https://www.persistencemarketresearch.com/methodology/23812

Industrial lubricants and engine oils segments collectively are expected to account for more than 2/5th of the overall incremental opportunity created during the forecast period.

China and ASEAN Countries to Steer the Future Outlook of the Global Market

Rising demand for plastic additives and increasing lubricants production, relatively stable economic conditions, and consistent growth in the automotive industry in countries across Asia-Pacific are the key factors expected to assist the demand for aminic antioxidants. Plastic producers in China are continuously focusing on the cost of plastic products and seldom used plastic additives; however, the demand is catching up. As end-users based in China seek high-quality products, producers are looking to offer such products to stand apart from the competition and meet the growing demand.

In terms of both production as well as consumption, China is anticipated to hold a prominent share in the global aminic antioxidants market. North America is anticipated to register 1.1X growth in terms of value in the global aminic antioxidants market while the Latin America aminic antioxidants market is expected to account for a small share.

Aminic Antioxidants Market – Competitive Landscape

Examples of some of the participants included in this report on the global aminic antioxidants market are Songwon, BASF SE, LANXESS, Addivant, Emerald Performance Materials LLC, Dorf Ketal, King Industries, Inc., Jiyi Chemical Co., Ltd., The Lubrizol Corporation, SOLTEX, Double Bond Chemical Ind. Co., Ltd. and Yasho Industries.

Globally, the aminic antioxidants market is partly fragmented with the top 3 players holding a prominent share in the global market.

The global aminic antioxidants market has witnessed various developments in the recent past. New product launches and production capacity expansions are found to be the key strategies employed by the manufacturers of aminic antioxidants around the globe.

Get full reports on Aminic Antioxidants: https://www.persistencemarketresearch.com/checkout/23812

For instance, in November 2018, Songwon introduced new liquid butylated octylated aminic antioxidants that are suitable for various substrates such as polyols

In March 2017, BASF announced that it has started building a plant for plastic additives at its Caojing site in China. The plant will produce aminic antioxidants and other antioxidants and is expected to possess an annual capacity of nearly 42,00 tons

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com

This release was published on openPR.