Lubricant Additives Market by Consumption Volume, Growing Trend and Growth Forecast 2021-2027| Lubrizol, Infineum, Chevron Oronite, Afton, Lanxess

MarketInsightsReports provides in-depth insights on the global Lubricant Additives market in its report titled, “Global Lubricant Additives Market Trends, Size, Applications, Analysis, Growth, and Forecast 2016 to 2027”. The market has been studied for historic years from 2016 to 2020, with the base year of estimation as 2020 and forecast from 2021 to 2027. The report provides in-depth insights, revenue details, and other vital information regarding the market structures, and the various trends, competitive landscape of industry, drivers, restraints, opportunities, and threats till 2027. This research report also provides post COVID-19 impact analysis of the Lubricant Additives industry.

Global Lubricant Additives market is expected to register a CAGR of 2.9% in terms of value during forecast period 2021–2027.

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Top Key Players in the Global Lubricant Additives Market:

Lubrizol, Infineum, Chevron Oronite, Afton, Lanxess, BASF, Tianhe, Adeka, Additiv Chemie Luers, Akzo Nobel, DowDuPont, IPAC, Miracema Nuodex, PCAS, Sanyo Chemical Industries, Vanderbilt,*

Market Overview:

Lubricant additives are organic or inorganic chemical compounds, which are either dissolved or suspended in lubricants and functional fluids to improve their performance.

These compounds are utilized individually or formulated as a package according to the end-use application. Consumption of lubricant additives is major in heavy-duty and passenger car lubricants in the automotive segment, followed by metalworking fluids and industrial engine oils in the industrial segment. The major additive types include dispersants, viscosity index improvers, detergents, anti-wear agents, antioxidants, corrosion inhibitors, friction modifiers, and emulsifiers, among others.

Regional Analysis:

In Asia-Pacific, China is the largest economy in terms of GDP. The country witnessed about 6.1% growth in its GDP in 2019, even after the trade disturbance caused due to its trade war with the United States. The economic growth rate of China in 2020 was initially expected to be moderate compared to the previous year. Although China was the first country affected by COVID-19 and its related lockdown, it was also the first to come out of lockdown. However, the country has been witnessing recurring cases of COVID-19, leading to further lockdowns. Thus, manufacturing was heavily impacted, which continued with the slow growth during 2020. According to the IMF, in 2020, the GDP of China declined by 1.9%. However, the GDP is expected to reach 8.2% in 2021.

Industry News and Development:

September 2020, Chevron Oronite Brasil Ltda signed an agreement to name quantiQ Distribuidora Ltda as its distributor in Brazil. The agreement involves OLOA lubricant additives, OGA gasoline additives, PARATONE viscosity modifiers (VM), and the distribution of oronite chemicals.

Market Segmentation by Type

Single Component

Additive Package

Market Segmentation by Application

Heavy Duty Motor Oil

Passenger Car Motor Oil

Metal Working Fluids

Others

Regions Covered in the Global Lubricant Additives Market:

The Lubricant Additives Market research report includes a detailed study of regions of North America, Europe, Asia, and South America. The report has been curated after observing and studying various factors that calculate regional growth such as the economic, environmental, social, technological, and political status of the particular region. Our analysts have studied the data of revenue, sales, and manufacturers of each region in-depth. This section examines region-wise revenue and volume for the forecast period of 2015 to 2026 which will help the reader to understand the potential worth of investment in a particular region.

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)

The Lubricant Additives report has been assembled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative estimation by analysing data gathered from industry analysts and market participants across key points in the industry’s value chain.

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The Lubricant Additives market report is curated into understandable forms and includes Pie Chart, Graphs and Figures, tables, and many more for business intelligence to scrutinize the data making it comprehensible to reveal the hidden trend into the figures. Moreover, the report covers the sales and revenue insights of the historic period (2016-2020) and also reflects the anticipated trends in the forthcoming years.

Reasons to buy:

-Procure strategically important competitor information, analysis, and insights to construct functional R&D strategies.

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- Updated and the latest data report will be delivered to you.

- Build regional and country strategies on the basis of local data and analysis.

Major Points from Table of Contents:

- Introduction

- Research Methodology

- Executive Summary

- Lubricant Additives Market by Type

- Lubricant Additives Market by Application

- Lubricant Additives Market by Route of Administration

- Lubricant Additives Market by Region

- Competitive Landscape

- Company Profiles

We Offer Customization On Report Based On Specific Client Requirement:
– Free country Level analysis for any 5 countries of your choice.
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