Lubricant Additives Market 2022 - Global Sales Revenue, Price and Gross Margin Forecast to 2028

The scope of our recent study on the "Lubricant Additives Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type (Dispersants, Viscosity Index Improvers, Detergents, Antiwear Agents, Emulsifiers, and Others) and Application (Automotive and Industrial)" includes the factors fueling the market growth, revenue estimation, and market share analysis. It also entails the identification of significant market players along with their key developments.

Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis:
https://bit.ly/3sTvts9

The lubricant additives market is projected to reach US$ 19,880.1 million by 2028 from US$ 15,584.9 million in 2021; it is expected to grow at a CAGR of 3.5% from 2021 to 2028. Lubricant additives are used in the formulation of lubricants to increase the efficiency of lubricants used in automotive and other manufacturing industries. Lubricant additives are usually high molecular-weight substances that reduce the tendency of oil to change viscosity with temperature.
By type, the market is sub segmented into dispersants, viscosity index improvers, detergents, antiwear agents, emulsifiers, and others. The dispersants segment held the largest market share in 2020. Dispersants are used to prevent flocculation of sludge and precipitation of insoluble materials generated by oxidation and other causes during usage oil. This results in enhancing the performance of oil in various applications.

The lubricant additives market is further segmented into five main regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America (SAM). Asia Pacific held the largest share of the market in 2020. Continuous growth in the automotive and aviation industries due to rising industrialization and urbanization is likely to fuel the market growth during the forecast period. Furthermore, a rise in the number of on-fleet vehicles in China, India, and South Korea, among others, and increasing awareness regarding fuel economy are bolstering the growth of the market in Asia Pacific.

Click here to avail lucrative discounts on our latest reports. We offer student, enterprise, and special periodic discounts to our clientele. Please fill the inquiry form below to know more:
https://bit.ly/39S1iec

Impact of the COVID-19 Pandemic on Lubricant Additives Market

The global economy was hit hard by the COVID-19 pandemic as governments of various countries imposed several social restrictions to restrict the spread of SARS-CoV-2, which had a direct impact on the growth of the industrial sector. Many lubricant manufacturers struggled to source lubricant additives. China is a major supplier of lubricant additives. Supply constraints led to a significant rise in the cost of lubricant additives. However, the market has bounced backed with the resurgence of demand from reviving industrial sectors since 2021.

The "Global Lubricant Additives Market Analysis to 2028" is a specialized and in-depth study with a special focus on global market trend analysis. The report aims to provide an overview of the lubricant additives market. The market is segmented on the basis of type, application, and geography. Based on type, the market is sub segmented into dispersants, viscosity index improvers, detergents, antiwear agents, emulsifiers, and others. Based on application, the market is bifurcated into automotive and industrial. By geography, the market is sub segmented into five main regions-North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America.

Top Players

The Lubrizol Corporation
LANXESS
Nouryon
Mol-lub Kft.
Dover Chemical Corporation
Croda International plc
Chevron Corporation
BASF SE
EXXON MOBIL CORPORATION

Immediate delivery of our off-the-shelf reports and prebooking of upcoming studies, through flexible and convenient payment methods:
https://bit.ly/3lBeJld

Contact us:

If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About The Insight Partners:

The Insight Partners is a one top industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Manufacturing and Construction, Technology, Chemicals and Materials.
We offer our clients multiple ways to customize research as per their specific needs and budget.

This release was published on openPR.