Lubricating Oil Additives Market Segmentation By 2019 - 2026 With Global Players Like BASF, Merck Group, Celanese, Tianhe Chemicals, Croda, Afton Chemical, Celanese, Evonik, Eastman Chemical Company, Shamrock Shipping and Trading Limited

This report focuses on lubricating oil volume and value at global level, regional level and company level. From a global perspective, this report represents overall lubricating oil market size by analyzing historical data and future prospect. According to lubricating oil analysis, Besides innovations, market players are concentrating on stronger customer relationships and improved distribution network. Several key companies are also identified to focus on manufacturing capacity expansion to cater to steadily increasing demand for lubricating oil while strategic collaborations, acquisitions, and mergers are likely to facilitate expansion strategies of such players.

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. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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Lubricating oil additives (LOAs) are utilised to maximize the execution of lubricants and utilitarian liquids. Every added substance have their own ability to perform and in fusion with one or more additive. These materials are formulated for improvement of the anti–friction, chemical, and physical properties of the base oil, this helps in enhancing the performance of the lubricant and extent the equipment life. The key players operating in the global lubricating oil additives market are:-

· BASF SE

· Merck KGaA

· Celanese Corporation

· SE Eastman Chemical Company

· Shamrock Shipping & Trading Limited

The other players in the market are Tianhe Chemicals Group, Croda International Plc, afton chemical, Celanese Corporation, Evonik Industries Ag, and More

Market Drivers:

· Demand from the automotive industry is increasing.

· Industrial growth in Asia-Pacific and Africa is high.

Market Restraint:

· Demand for an electric vehicle is increasing which may affect the lubricants.

· Raw material prices fluctuation.

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Market Segmentation: Global Lubricating Oil Additives

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 Application

· Engine Oil

· Gear Oil

· Automatic Transmission Fluids

· Hydraulic Fluids

· Water-Mixed Fluids

· Additive Content Of Lubricants

· Metalworking Fluids

· Others

By End User

· Automotive Sector

· Industrial Sector

By Geography

· North America

· Europe

· Asia-Pacific

· South America

· Middle East & Africa

Competitive Landscape: Global Lubricating Oil Additives Market

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.

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