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Asia-Pacific Lubricating Oil Additives Market Comprehensive Analysis of Major Key Players: Celanese, Chevron, Eastman Chemical Company, LANXESS, BASF, Eni, Baker Hughes, a GE company, Infineum, BRB International BV, Eurolube Australia, Clariant, Evonik
Asia-Pacific Lubricating Oil Additives Market
Lubricating oil additives were firstly used in 1920s resulting in increased usage. All types of lubricating oil contain at least one additive.
Asia-Pacific lubricating oil additives market is growing at a CAGR of 4.4% in the forecast period 2019 to 2026.
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The demand for oil additives in various industrial sectors have been increasing but the one sector that is focused the most is automotive one.
Business Expansion:
In November 2018, GE Power’s announced the opening the opening of their Biotechnology manufacturing centre in Stevenage Bioscience Catalyst. It is planned that in the first half of 2019 this unit will start producing fibre-based purification platform.
Asia-Pacific Lubricating Oil Additives Market By Functional Type [Anti Wear Agents, Detergents, Dispersants, Viscosity Index Improvers, Anti-Oxidants, Extreme Pressure Additives, Rust & Corrosion Inhibitors, Pour Point Depressants (PPD), Emulsifiers, Friction Modifiers, Oxidation Inhibitors, Other], Application (Industrial Oil, Metalworking Fluid, Process Oil, Engine Oil, Gear Oil, Hydraulics Fluid, Other), End-User (Industrial, Automotive), Country (Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific) – Industry Trends & Forecast to 2026
Major Investment by Key Players
In December, 2018 BASF invested in a new production facility for mobile emissions catalysts at Pudong Shanghai, China. The 30,000 meter square facility will be used for multiple manufacturing lines
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.
In October, Clariant upgraded its facility in Midland to strengthen R&D capabilities and expanded its oil business in Texas. This helped the company to develop key infrastructure elements of its operation centre.
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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.
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