Lubricating Oil Additives Market: Type, Research Report With Competitors As Celanese, Tianhe Chemicals, BASF, Merck Group, Croda, Afton Chemical, Evonik, Shamrock Shipping and Trading Limited, Eastman Chemical Company

The lubricating oil additives report offers the in depth analysis of current scenario of the market and profile the significant key players and investigate their development plans. It analyses the market growth trends, prospects and also their participant in the entire sector. The changing market dynamics, competition, industry plans and policies are evaluated in the lubricating oil additives report. It provides powerful insights which will help to grow your business and analysis of effective strategies to improve market performance. The lubricating oil additives report advances the competitive synopsis in the market based on types of production, applications, and the competitions that are present in the competitive market.

Global lubricating oil additives market is expected to reach USD 18.40 billion by 2025, growing at a CAGR of 2.44% during the forecast period 2025. The upcoming market report contains data for historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 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.

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.

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

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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.

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

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