openPR Logo
Press release

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.

Read report Overview-

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.
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.
Request PDF Brochure –

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3893

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 COVID19 IMPACT ANALYSIS –

https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&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.
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.
More Trending Reports by Transparency Market Research –

https://www.prnewswire.co.uk/news-releases/thermochromic-materials-market-to-grow-with-advancements-in-temperature-reliant-techniques-and-technologies-market-expected-to-cross-value-of-us-2-33-bn-by-2027-tmr-868412133.html

Key Developments in Global Lubricant Additives Market

In January 2020, Krahn Chemie GmbH has acquired a majority share of InterActive S.A. which specialises in the distribution of lubricant additives in the Israeli, Greek and Cypriot market. This strategic acquisition is anticipated to make strong presence of Krahn Chemie Group in Israeli market.
In October 2019, Afton Chemical Corporation announced the completion of its Japan Technology Center expansion in Tsukuba. This will help to increase lubricant additive testing capabilities.
In April 2019, Mitsui Chemicals held a groundbreaking ceremony for a new plant for Lucant, a leading brand of Lubrizol Additives business segment. The additional plant is anticipated to meet growing demand from lubricants market.
In January 2020, Vertellus acquired Bercen Chemicals which will strengthen Vertellus’s current portfolio and supports lubricant additives market in North America.
In July 2017, Afton Chemical Corporation acquired Aditivos Mexicanos, S.A. de C.V. (AMSA), a petroleum additives manufacturing, sales and distribution company based in Mexico City, Mexico.
Global Lubricant Additives Market: Competition Landscape

Some of the key players in the lubricant additives market include NewMarket Corporation, Infineum International Limited, Chevron Oronite Company LLC., The Lubrizol Corporation, and Tianhe Chemicals Group Limited. These companies compete with each other to increase their market share in the lubricant additives market. Research and development (R&D) to develop improved products is crucial to capture market share.

Contact

Transparency Market Research,

90 Sate Street, Suite 700,

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com/

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers.

TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology.

These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Lubricant Additives Market worth US$ 18 Billion By 2027 here

News-ID: 2155309 • Views:

More Releases from Transparency Market Research

Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Study
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Stud …
The global 𝐭𝐢𝐬𝐬𝐮𝐞 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 reached a value of US$ 1,056.4 million in 2017 and is projected to nearly triple to US$ 2,903.3 million by 2026, with a robust Compound Annual Growth Rate (CAGR) of approximately 12.0% from 2018 to 2026. Factors such as increasing awareness about tissue donation, technological advancements, and a growing target patient population are anticipated to propel market growth during this period. Moreover, the market is expected
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
This report by Transparency Market Research, Inc. assesses the present state and future growth potential of the global 𝐯𝐚𝐬𝐜𝐮𝐥𝐚𝐫 𝐜𝐥𝐨𝐬𝐮𝐫𝐞 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭. It features a comprehensive executive summary, offering insights into various segments of the market. Additionally, the report provides detailed analysis and data on product, access type, application, end user, and regional segments within the global market. Vascular closure devices is estimated to reach a value of ~US$ 1 Bn
Digital Health Market Estimated at US$ 1.1 Trillion by 2031, TMR Study
Digital Health Market Estimated at US$ 1.1 Trillion by 2031, TMR Study
In 2022, the worldwide 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐇𝐞𝐚𝐥𝐭𝐡 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 garnered a valuation of US$ 382.5 billion. Projections indicate a steady growth trajectory, with a compound annual growth rate (CAGR) of 13.1% anticipated from 2023 to 2031, ultimately culminating in a total valuation of US$ 1.1 trillion by the conclusion of 2031. Market analysts foresee a promising outlook characterized by the burgeoning prevalence of chronic diseases and the increasing adoption of smartphones and internet
Global Data Center Networking Market Set to Surge, Forecasted to Reach US$ 56.3 …
The Data Center Networking Market is poised for remarkable growth, driven by the burgeoning demand for cloud-native applications and the rapid adoption of data center virtualization and cloud computing. With an estimated value of US$20.6 billion in 2021, the market is projected to surge at a robust CAGR of 10.8% from 2022 to 2031, reaching a staggering US$56.3 billion by the end of 2031. Get Sample Copy of This Report at:

All 5 Releases


More Releases for Lubricant

Malaysia Automotive Lubricant Market
Automotive Lubricants Market in Malaysia is driven by the Growth in Number of Passenger Vehicles on Road and the rapidly increasing demand for High Performing Lubricants Despite their premium pricing: Ken Research Increase in income level generally in urban areas contributing towards increasing demand for Passenger Vehicles and a shift in preference to expensive synthetic and semi-synthetic lubricants have driven the market for Automotive Lubricants industry in recent years. A Significant growth
Automotive Lubricant Market: Demand for High Quality and Efficient Lubricant to …
The global automotive Lubricant market size is expected to reach USD 79.91 billion by 2026, exhibiting a CAGR of 1.58% during the forecast period. The growing adoption and popularity of synthetic Lubricant in the automotive sector will have a positive impact on the automotive Lubricant market growth during the forecast period. The growing innovation in Lubricant has improved the overall of quality, which has led to extended oil drain and
Water-based Personal Lubricant Market Report 2018: Segmentation by Product (Men' …
Global Water-based Personal Lubricant market research report provides company profile for Blossom Organics, Bodywise, Clean stream, Cumming Corporation, Good Clean Love, Hathor Professional Skincare, BioFilm, Church & Dwight, Reckitt Benckiser, Topco, Ansell and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR
Vietnam automobile lubricant market beckons
With automotive lubricant demand rising from 2.6 million liters (in 2015) to 4.1 million liters (in 2021), global and regional manufacturers are taking notice of the Vietnam market. How can brands win in this market? Leon Perera, Chief Executive Officer of Spire Research and Consulting, shared his insights on key trends in the Lube Report Asia magazine. With many players competing in the Southeast Asia market for motorcycle lubricants, leaders will
Sexual Lubricant Market - Water-based, Silicone - Based, Oil-based & Hybrid Lubr …
The global personal lube market is projected to grow from $953.27 million in 2016 to $1,412.38 million by 2022. The market is projected to grow at a CAGR of 6.77%. Arizton’s recent market research report on the global personal lube market segments the market by product type (water-based sexual lubricant, silicone-based sexual lubricant, oil-based sexual lubricant, and hybrid sexual lubricant), distribution channels (retail and online), and geography (North America, EMEA, APAC,
Water-based Personal Lubricant Segment to Dominate Global Sexual Lubricant Marke …
The water-based personal lubricant market is expected to account for 66.84% market share in 2022. Hybrid and silicone-based personal lubricants will be the fast-growing segments by 2022. Analyst at Arizton state that the hybrid and silicone-based personal lubricant markets are growing at a fast pace. However, the water-based personal lubricants segment will dominate the global sexual lubricant market during the period 2016−2022. Arizton has recently published an exclusive market analysis report titled