Lubricant Additives Market Scenario & Industry Analysis 2019-2025| Afton Chemical Corporation, BASF SE, BRB International BV, Chemtura Corp., Chevron Corp., Eni S.p.A., Evonik Industries AG, Infineum International Limited, Jinzhou Kangtai Lubricant Additi

Lubricant additives are the chemical components or blend added to lubricating oils at a specific ratio to impart one or more functions in the fluid. Generally, additives are multifunctional and are soluble in water, mineral oil or both. They are predominantly used to reduce the friction stress between surfaces. It helps to advance the present base oil, suppress undesirable base oil, and impart new properties to base oil with extreme pressure additives.

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Additives refines the performance characteristics of lubricating oils, and provide significant development of improved key movers and industrial machinery. Lubricant additives are essential ingredients in modern lubricants; these are performance products that help maintain engines, transmissions and after treatment equipment in design condition for as long as possible.

Consumption of lubricant additives in automotive sector such as in heavy- duty & passenger car lubricants and subsequently in metalworking fluids and industrial engine oils in the industrial sector bolster the lubricant additives market. As the power of engines has risen, the necessity for additives to avoid malfunction of engine has become more important. Earlier engines were lightly loaded and could withstand the loading on the bearings and valve train, corrosive protection of bearing metals was one of the early requirements for engine oils and now the additives are used to protect bearings and it has mild antiwear properties. Enhancement of system by using lubricant additives permits more effective use of energy resources, maintains low levels of exhaust emissions, and provides capabilities to employ alternative fuels, including those derived from renewable resources. A commitment to continuous improvement of lubricant additive technology facilitates the attainment of advanced engine designs to improve efficiency and conserve resources. However, volatility in prices of single additives and increasing adoption of electric vehicles restrain the lubricant additives market.

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Detergents are anticipated to bolster lubricant additives market

Detergents are used as surface additives in various process related to preventing the deposits from settling or cleaning surfaces. Primarily detergents are used in automotive segment, where the demand for detergents as lubricant additives is increasing as it prevent dirt and oil insoluble products from settling on the engine surface, thus avoid the degradation of engine surface.

Asia Pacific will lead the growth in this market

Emerging economies like China, India, Russia, and Brazil are key growth countries for lubricant additives. China being a global hub for various manufacturing industries such as electronics, transportation equipment and consumer products where lubricants are used and additionally China is the largest automotive producer. In India the sales of automotive vehicles has been increasing from last few years which directly result in increasing demand for lubricants. India, China, and other Asian countries will take maximum advantages of their key strengths and which will help the market growth in this region.

Key Market Players
Afton Chemical Corporation
BASF SE
BRB International BV
Chemtura Corp.
Chevron Corp.
Eni S.p.A.
Evonik Industries AG
Infineum International Limited
Jinzhou Kangtai Lubricant Additives Co. Ltd.
King Industries Inc.
Multisol Group
R.T. Vanderbilt Holding Company
Rhein Chemie Additives
Shepherd Chemical Company
The Elco Corporation
The Lubrizol Corporation
Tianhe Chemicals Co.
Wuxi South Petroleum Additive Co.
Others

Market Segments: Conversational AI Market

By Technology
Natural Language Processing (NLP)
Machine Learning (ML)
Speech Recognition
Computer Vision
Others
By Organization Size
Large Organizations
Small & Medium Organizations
By Industry Vertical
IT & Telecom
Retail
BFSI
Manufacturing
Healthcare
Others
By Region
North America
US
Canada
Europe
Germany
France
UK
Rest of Europe
Asia Pacific
China
India
South Korea
Japan
Middle East & Africa
UAE
South Africa
MEA
Latin America
Brazil
Mexico
Rest of South America

Key Sources

o Industry Associations
o Patent Websites
o Company Annual Reports
o Company Websites
o Key industry leaders
o Ministry of Electronics & IT (Govt. of India) articles
o IEEE journals
o Technology consultants
o System Integrators
o BFSI experts
o Others

Key Questions Answered

o What are the key growth regions and countries?
o What are the important types and technologies being used?
o What are the market players doing, in terms of research and development?
o Which are the new applications for this market?
o What are the integrations happening?
o What are the recent news, developments, mergers, or large value deals?

Key Stakeholders

o Products & solution providers
o System Integrators
o Regulatory Authorities
o Research and Innovation Organizations
o Technocrats
o Suppliers and Distributors
o Other Channel Partners

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