Lubricant Additives Market worth US$ 18 Billion By 2027

Global Lubricant Additives Market: Highlights

Global demand for lubricant additives is expected to increase in the near future on account of rising demand from the industrial machinery, automotive, marine, and power sector. Global lubricants consumption is expected to have a direct impact on the demand for lubricant additives.

View Complete Report @ https://www.transparencymarketresearch.com/lubricant-additives-market.html

The global lubricant additive market is projected to grow at a CAGR of nearly 2% between 2019 and 2027. Technological advancement and changing government regulations for emissions is likely to impact the growth for lubricant additives market.
Lubricant additives are a combination of various chemicals that are mixed with the base oil to enhance the performance of lubricants. Apart from extending the life of lubricants, they perform functions such as preventing engine wear, reducing friction, stabilizing oxidation, and cleaning engines.

Global lubricant additives market to greatly benefit from the dynamic automotive sector. As manufacturers work towards meeting various emission standards, their demand for lubricants additives is expected to rise during the forecast period.

Request a PDF Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3893

Global Lubricant Additives Market: Key Trends and Segments

Lubricant additives are blended with base oils to produce finished lubricants. These additives perform different functions to enhance the life and performance of finished lubricants. High performance by these additives also increases the life span of machinery and reduces maintenance cost. Lubricant additives are used in industries such as automobile, marine, aviation, and power.
In 2018, dispersants was the largest segment in terms of volume and accounted for nearly 25% of the market share. Dispersants are used to prevent formation of varnish, sludge, and other deposits on critical surfaces in engines. Dispersants attach themselves to contaminants such as soot, dirt, depleted additives, and glycol. They are often used in conjunction with detergents and compressor oils in the crankcase. Dispersants are mostly used in heavy duty diesel engine oils and gasoline engines.

PPDs boost the operational range of engine oils by interfering with the wax crystal growth patterns. Demulsifiers prevent formation of emulsion by altering the surface tension of the oil. Friction modifiers are long-chain polar additives that are added to reduce the surface friction of lubricated parts. Detergents function as chemical cleaners to guard combustion surfaces against harmful deposits and combustion acids. Antioxidant agents, also known as oxidation inhibitors, can successfully improve oxidation stability by deactivating catalytic metallic contaminants and by decomposing any formed reactive hydro peroxides within the oil. Similarly, anti-wear agents, foam inhibitors, rust inhibitors, and extreme pressure additives are added to impart specific properties to the finished lubricants.

Request for Customization @ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=3893

Global Lubricant Additives Market: Regional Highlights

Asia Pacific dominated the global lubricant additives market in 2018 with over 30% market share in terms of volume. Factors such as increasing number of passenger cars in China, increased disposable income, and stringent emission regulations have significantly contributed to the major market share of the region. Asia Pacific is considered as the most attractive market for lubricant additives. However, improved performance of finished lubricants that results in longer drain interval is hindering the growth of the lubricant additives market. Improved drain interval minimizes the consumption of finished lubricants and would ultimately affect the consumption of lubricant additives.

Buy Lubricant Additives Market Report @ https://www.transparencymarketresearch.com/checkout.php?rep_id=3893

The permissible emission limits in Europe and North America are very low chiefly due to strict emission standards. High disposable incomes in these regions allow OEMs to provide better technology for the engines used in vehicles. High quality lubricants are preferred in these regions. These lubricants are compatible with the engines and result in lower emission and better fuel economy.

North America has large lubricant additive manufacturers and hence it is a net exporter to other parts of the world. Singapore has huge blending capacities catering to Asian lubricant additives demand in China and other Asian countries.

Explore Transparency Market Research's award-winning coverage of the global Chemicals and Materials Industry @ https://www.prnewswire.com/news-releases/detergents-market-to-rise-up-to-us-157-billion-by-2027-on-account-of-increasing-demand-from-end-use-application-sectors--transparency-market-research-301007329.html

Visit Chemicals & Materials Case Study @ https://www.transparencymarketresearch.com/casestudies/chemicals-and-materials-case-study

Contact

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: corporate.cmfe@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

This release was published on openPR.