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Global Lubricating Oil Additives Market Insights on Revenue Analysis and Competitive Intelligence Study With Key Players Like , Infineum, BRB International BV, Celanese, Chevron, Eastman Chemical Company, LANXESS, The Lubrizol Corporation, BASF, Eni
Global Lubricating Oil Additives Market
Global Lubricating oil additives market is projected to register a healthy CAGR of 3.5% in the forecast period of 2019 to 2026.
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The statistical analysis of different leading key players has been provided to get better guidelines for the businesses. After profiling key companies, it focuses on some startups contributing towards the progress of the Financial Protection Market in the near future.
Table of Contents: Global Lubricating Oil Additives Market
Market Segment Overview
Global Market by Functional Type
Global Market by Organization Size
Global Market by End-User
Global Market by Application
Global Market by Regions
Global Market Forecast
Key Manufacturers
Price Overview
List of Table:
Table Global Lubricating Oil Additives Market and Growth by Functional Type
Table Global Lubricating Oil Additives Market and Growth by End-Use / Application
Table Global Lubricating Oil Additives Revenue (Million USD) by Vendors
Table Headquarter, Factories & Sales Regions Comparison of Vendors
Table Global Lubricating Oil Additives Market (Million USD) Forecast by Regions
Table Global Lubricating Oil Additives Market Share Forecast by Regions
Table Global Lubricating Oil Additives Market (Million USD) Forecast by Type
Table Global Lubricating Oil Additives Market Share by Forecast Type
Table Global Lubricating Oil Additives Market (Million USD) Forecast by End-Use / Application
List of Figure
Figure Global Lubricating Oil Additives Market Size (Million USD)
Figure North America Market Growth
Figure Europe Market Growth
Figure Asia-Pacific Market Growth
Figure South America Market Growth
Figure Middle East & Africa Market Growth
Figure Global Lubricating Oil Additives Market (Million USD) and Growth Forecast
Figure Global Lubricating Oil Additives Market Volume (Volume) and Growth Forecast
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FACTORS DRIVING GROWTH IN THE GLOBAL LUBRICATING OIL ADDITIVES MARKET
Growing demand from automotive industry:
Lubricating oil additives (LOAs) are majorly used in the automobile industry. Automotive engine lubricant is manufactured in such a way that it contains performance additive, which has total concentrations of typically 10 – 30%. Additives are added to improve the performance of petroleum derived base oils. This addition is important for efficient operation and prolonged life of the engine. Modern lubricants contain a combination of various additives that meet the severe oil requirements and are impacted by engine design, operating conditions, legislation, and source of supply and processing methods of the base oil stocks. According to an article published by Technical Committee of Petroleum Additive Manufacturers in Europe the additive industry spends more than USD 281.93 million per year on new developments. Such developments in the additive industry help the market grow with positive growth rate.
Growing focus of market players
The global lubricating oil additives market report contains an in-depth profiling of the key market players, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their position in the market. The report also covers the market shares for global, North America, Europe, Asia-Pacific, Middle East and Africa and South America bleeding disorder treatment market.
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Market Segmentation
By Application
• Engine Oil
• Gear Oil
• Automatic Transmission Fluids
• Hydraulic Fluids
• Water-Mixed Fluids
• Additive Content Of Lubricants
• Metalworking Fluids
In March 2016, Infineum started of operations at its new lubricant additive production and blending plant at Zhangjiagang, China. The plant is located at Yangtze River International Chemical Industrial Park and has a capacity to produce 100,000 Tons of lubricant additives per year.
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
In July 2018, The Chevron Tech Challenge was announced by Chevron Technology Ventures in order to develop latest technology solutions to add value to Chevron operations. This will help to advance technologies that can address business requirement and further commitment to provide safe, reasonable, reliable and cleaner energy.
By End User
• Automotive Sector
• Industrial Sector
In July, GE Power’s announced the merger of GE’S oil with Baker Hughes, it is the only company to bring together digital solutions across the entire spectrum of oil and gas development and industry-leading equipment
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Market Competitors/ Players: Global Lubricating Oil Additives Market
BASF, Eni, Baker Hughes, a GE company, Infineum, BRB International BV, Celanese, Chevron, Eastman Chemical Company, LANXESS, The Lubrizol Corporation, Shamrock Shipping and Trading Limited, Tianhe Oil, Croda, Afton Chemical, Evonik, R. T. Vanderbilt Co., Clariant, Jinzhou Kangtai Lubricant Additives Co,Ltd, Eurolube Australia, EUROLUB GmbH, Jinzhou Runda Chemical Co., Wynn's Europe, Ltd, MidContinental Chemical Company, Inc., International Petroleum Group, and others
Major Market Drivers & Market Restraint: Global Lubricating Oil Additives Market
• 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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