Press release
Lubricant and Fuel Additives Market Size, Share, Development by 2024
To analyze the Lubricant and Fuel Additives with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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Lubricating oil additives (LOAs) are used to enhance the performance of lubricants and functional fluids. Each additive is selected for its ability to perform one or more specific functions in combination with other additives. Selected additives are formulated into packages for use with a specific lubricant base stock and for a specified end-use application.
Scope of the Report:
The lubricant and fuel additives is classified into additive package and single component according to the product type. As of 2018, additive package segment dominates the market contributing more than 74% of the total market share, reach to 4.18 million tons. lubricant and fuel additives is major applied in automotive, Industrial and others industry, in 2018, demand for a automotive industry occupied the largest market, with 70% share, reach to 3.93 million tons.
The lubricant and fuel additives market is very concentrated market; key players include Lubrizol, Infineum, Chevron Oronite, Afton, Lanxess AG, Innospec, BASF, Tianhe, Baker Hughes, Sanyo Chemical Industries, Adeka, Clariant, Vanderbilt, Dorf Ketal, IPAC, Miracema Nuodex, Additiv Chemie Luers the revenue of top ten manufacturers accounts about 87% of the total revenue, in 2018. The high-end products mainly come from North America and Europe.
The worldwide market for Lubricant and Fuel Additives is expected to grow at a CAGR of roughly 2.4% over the next five years, will reach 21220 million US$ in 2024, from 18840 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Lubricant and Fuel Additives in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers
Lubrizol
Infineum
Chevron Oronite
Afton
Lanxess AG
Innospec
BASF
Tianhe
Baker Hughes
Sanyo Chemical Industries
Adeka
Clariant
Vanderbilt
Dorf Ketal
IPAC
Miracema Nuodex
Additiv Chemie Luers
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Single Component
Additive Package
Market Segment by Applications, can be divided into
Automotive
Industry
Other
For More Information On This Report, Please Visit @
https://www.globalinforesearch.com/global-lubricant-and-fuel-additives-market_p129016.html
Related Information:
North America Lubricant and Fuel Additives Market Growth 2019-2024
United States Lubricant and Fuel Additives Market Growth 2019-2024
Asia-Pacific Lubricant and Fuel Additives Market Growth 2019-2024
Europe Lubricant and Fuel Additives Market Growth 2019-2024
EMEA Lubricant and Fuel Additives Market Growth 2019-2024
Global Lubricant and Fuel Additives Market Growth 2019-2024
China Lubricant and Fuel Additives Market Growth 2019-2024
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