Know how Lubrizol, Afton Chemical, Chevron Oronite, and Infineum is creating creating an oligopolistic scenario in Global Lubricant additives market

China is encouraging and implementing continued urbanization with a target rate of 60% in 2020. The increase in urban housing demand caused by urbanization and the desire to improve the living conditions of middle-class urban dwellers is the urban housing market, which is increasing the use of lubricant additives in construction applications. According to the National Development and Reform Commission, the Chinese government will approve 26 infrastructure projects in 2019, with an estimated investment of approximately US $ 142 billion completed by 2023. Rising housing demand has the potential to drive national housing construction in both the public and private sectors. New hotel projects in the country increased by about 15% in 2019.

Global Lubricant Additives market was valued at USD 15,125 Million in 2020 and is estimated to reach a value of 16,732 by 2030 with a CAGR of 2.6% during 2022-2030. In terms of volume, the lubricant additives sales was 5.6 million tons and is estimated to reach 5.3 million tons by 2030 with a CAGR of 1.9% during 2022-2030.

The major vendors covered:
Lubrizol
Infineum
Chevron Oronite
Afton
Chemtura
BASF
Tianhe
Adeka
Additiv Chemie Luers
Akzo Nobel
Dow Chemical
IPAC
Miracema Nuodex
PCAS
Sanyo ChemicalIndustries
Vanderbilt

For full table of contents visit @ https://flairintelligence.com/product/global-lubricant-additives-market-2020/

Based on Type, the lubricant additives market is bifurcated into:
Single Component
Additive Package

Based on Application, the lubricant additives market is bifurcated into:
Heavy Duty Motor Oil
Passenger Car Motor Oil
Metal Working Fluids
Others

Regional and Country-level Analysis
By Region
North America
U.S.
Canada

Europe
Germany
France
U.K.
Italy
Russia

Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam

Latin America
Mexico
Brazil
Argentina

Middle East & Africa
Turkey
Saudi Arabia
U.A.E

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This release was published on openPR.