Press release
Lubricating Oil Additives Market Revenue, Business Opportunities and Forecast Worldwide by Key Manufacturers - BASF SE, Chevron Oronite Company LLC, The Lubrizol Corporation, Afton Chemical
The lubricating oil additives market size is estimated to be USD 18.2 billion in 2021 and is projected to reach USD 20.4 billion by 2026, at a CAGR of 2.3% between 2021 and 2026. Factors such as increasing demand from the automotive and industrial sector are the major driving factors of the lubricating oil additives market.Get Free Sample Report in PDF Format @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=4996084
The report provides a comprehensive analysis of company profiles listed below:
• BASF SE (Germany)
• Chevron Oronite Company LLC (US)
• The Lubrizol Corporation (US)
• Afton Chemical (US)
• Ev0nik Industries AG (Germany)
• LANXESS AG (Germany)
• Croda International Plc. (UK)
• Infineum International Limited (UK)
• ADEKA CORPORATION (Japan)
• BRB International (Netherland)
• International Petroleum and Additives Company (IPAC) (US)
• Tianhe Chemicals (China)
• Vanderbilt Chemicals LLC(US)
• MOL-LUB Ltd. (Hungary)
• Eni S.p.A. (Italy)
• Clariant AG (Switzerland)
• Jinzhou Kangtai Lubricant Additives Co.Ltd. (China)
• Eurolub GmbH (Germany)
• Wuxi South Petroleum Additives (China)
• Dorf Ketal (India)
• Cerion Nanomaterials (US)
• Shamrock Shipping and Trading Ltd. (Cyprus)
• Jinzhou Runda Chemical Co. Ltd. (China)
• MidContinental Chemical Company(US)
• Wynn's (US)
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Anti-oxidants help inhibit the oxidation process of oils as the mineral oils react with the oxygen of air forming organic acid. Some of the oxidation products such as peroxide, alcohols, acids, esters, aldehydes, and increase the viscosity of oil, form sludge and varnish, and corrode the metallic parts that are prone to oxidation.
The lubricating oil additives market size for gear oil applications accounted for the third-largest share of global lubricating oil additives, in terms of value, in 2020 this was led by the demand from the automotive industry.
The lubricating oil additives market size for automotive accounted for the largest share of global lubricating oil additives, in terms of value, in 2020 this was led by the demand for passenger vehicles and commercial vehicles. To enhance the performance of the complex engine, advanced lubricant is being used which includes various additives such as viscosity index improvers, dispersants, detergent, anti-oxidants, anti-wear agent, rust & corrosion inhibitors, friction modifiers, extreme pressure additives, pour point depressant, and others.
APAC is one of the most crucial markets of lubricating oil additives. This is basically led by the demand of lubricating oil additives from various end use industries in China, Japan, India, South Korea and Indonesia These countries have major companies related to the automotive and industrial sector, in this region. China dominates the lubricating oil additives market in APAC.
Competitive Landscape of Lubricating Oil Additives Market:
1 Introduction
2 Strategies Adopted By Key Players
2.1 Overview Of Strategies Adopted By Lubricating Oil Additive Manufacturers
3 Market Share Analysis
3.1 Ranking Of Key Market Players
3.2 Market Share Of Key Players, 2020
3.2.1 The Lubrizol Corporation
3.2.2 Chevron Oronite Company Llc
3.2.3 Afton Chemical Corporation
3.2.4 Infineum International Limited
3.2.5 Ev0nik Industries Ag
3.3 Revenue Analysis Of Key Market Players, 2016-2020
4 Company Product Footprint Analysis
5 Company Evaluation Quadrant (Tier 1)
5.1 Stars
5.2 Emerging Leaders
6 Start-Up/Small And Medium-Sized Enterprises (Smes) Evaluation Quadrant
6.1 Progressive Companies
6.2 Dynamic Companies
6.3 Starting Blocks
7 Competitive Situation And Trends
7.1 Product Launches
7.2 Deals
7.3 Other Developments
Research Coverage:
This report segments the market for lubricating oil additives on the basis of type, application, sector and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and mergers & acquisitions associated with the market for lubricating oil additives.
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