Press release
Lubricant Additives Market Research Report to 2024: Grand View Research, Inc.
Viscosity index improvers were the leading product segment with demand share estimated at 23.3% in 2015. Friction modifiers, which act as a cushion between two coated surfaces thereby minimizing surface contacts, are expected to register highest volume growth of 3.5% over the forecast period.
Browse full research report on Global Lubricant Additives Market: http://www.grandviewresearch.com/industry-analysis/lubricant-additives-market
Further key findings from the report suggest:
• Global lubricant additives market demand was4.28 million tons in 2015 and is expected to reach 5.36 million tons by 2024, growing at a CAGR of 2.5%from 2015 to 2024
• Automotive lubricants were the largest application segment and accounted for over 59.5% of total market volume in 2015. Increasing passenger car production and consequent sales particularly in China, India, Thailand, and Indonesia is expected to drive this segment over the forecast period.
• General industrial oils were the largest segment for industrial lubricants and accounted for over 35% of its volume in 2015. Recovery of manufacturing sectors in North America and Europe along with high industrial output in Asian markets is expected to drive the segment growth.
• Passenger car motor oil was the leading segment for automotive lubricant additives with its demand estimated at over 900 kilo tons in 2015. Consumption is expected to be driven by developing aftermarket for lubricating oils in emerging economies.
• Asia Pacific emerged as the leading regional market with demand share exceeding 30% in 2015. High demand for passenger cars in China, South and Southeast Asia along with a robust lubricant aftermarket sale is expected to complement the regional demand.
• Global lubricant additives market is highly concentrated in nature with Chevron Oronite, Afton Chemical, and Lubrizol being the top manufacturers. Top four companies account for over three-quarters of the industry share. Other key participants include BASF, Evonik Industries, Chemtura Corporation, Shamrock Shipping & Trading Limited, Infineum International Limited, IOCL, Croda International plc, and Tianhe Chemicals Group.
Read detailed report or request for sample of this research report:
http://www.grandviewresearch.com/industry-analysis/lubricant-additives-market/request
Grand View Research has segmented the lubricant additives market on the basis of product, application and region:
Global Lubricant Additives Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
• Dispersants
• Viscosity Index Improvers
• Detergents
• Anti-wear Additives
• Antioxidants
• Friction Modifiers
• Others
Global Lubricant Additives Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
• Automotive Lubricants
o Heavy Duty Motor Oil
o Passenger Car Motor Oil
• Industrial Lubricants
o General Industrial Oil
o Industrial Engine Oil
o Metalworking Fluids
Global Lubricant Additives Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
• North America
o U.S
• Europe
o Germany
o UK
o France
o Italy
o Russia
• Asia Pacific
o India
o China
o Japan
• Central & South America
o Brazil
• Middle East and Africa
o Saudi Arabia
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Web: www.grandviewresearch.com
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 Research Report to 2024: Grand View Research, Inc. here
News-ID: 341200 • Views: …
More Releases from Grand View Research, Inc.
Generative AI Market Size, Share, And Industry Outlook Report, 2030
Generative AI Market Growth & Trends
The global generative AI market size is anticipated to reach USD 109.37 billion by 2030, according to a new report by Grand View Research, Inc., registering a CAGR of 37.6% from 2025 to 2030. Growing demand to modernize workflow across industries is expected to drive the demand for generative AI applications among industries. Other factors that propel the market growth include the evolution of AI…
Maternal Mental Health Market To Reach $45.72 Billion By 2030 | Therapy Mama, Ca …
The global maternal mental health market size is expected to reach USD 45.72 billion by 2030, growing at a CAGR of 28.43%, according to a new report by Grand View Research, Inc. Maternal mental health issues are a global concern that affects women of various countries and cultures. It refers to the emotional well-being of women during the pregnancy and postpartum period. The market is driven by the increasing incidence…
Downstream Processing Market Size, Share & Trends Analysis Report, 2030
The global downstream processing market size is expected to reach USD 94.79 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 14.84% from 2023 to 2030. The capacity requirements during the development of biologic drugs have changed over the past few years, wherein the demand for manufacturing high-volume products has shifted to developing small-volume, high-potency…
Electric Mobility Industry: E- Light Commercial Vehicle Thereby Contributing To …
The global electric mobility industry size stood at USD 101.67 billion in 2022 and will exhibit a CAGR of 19.9% from 2023 to 2030, according to the "Electric Mobility Industry Data Book, 2023 - 2030," published by Grand View Research. The growth comes on the back of an exponential rise in smart cities and a gradual uptick in charging infrastructure. Further, the strong outlook of electric mobility will rely on the launch…
More Releases for Additive
Prominent Additive Manufacturing Market Trend for 2025: Development of Digital A …
Which drivers are expected to have the greatest impact on the over the additive manufacturing market's growth?
The additive manufacturing market is set to flourish due to the surging demands for 3D printing. This term refers to the process of making three-dimensional solid objects from electronic files. 3D printing brings cost-effectiveness and flexibility to additive manufacturing, specifically in manufacturing personalized components and planning before an operation. For example, AZoNetwork UK Ltd.,…
Metal Additive Manufacturing Systems Market to See Huge Growth by 2030 | Renisha …
Advance Market Analytics published a new research publication on "Metal Additive Manufacturing Systems Market Insights, to 2030" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Metal Additive Manufacturing Systems market was mainly driven by the increasing R&D spending across the world.
Get inside Scoop…
Additive Masterbatch Market Report 2024 - Additive Masterbatch Market Size, Shar …
"The Business Research Company recently released a comprehensive report on the Global Additive Masterbatch Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample…
Medicated Bath Additive Market Report 2024 - Medicated Bath Additive Market Grow …
"The Business Research Company recently released a comprehensive report on the Global Medicated Bath Additive Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
According to The Business Research Company's, The medicated bath…
Laser Additive Manufacturing Market Is Booming Worldwide| GE Additive, Autodesk, …
Advance Market Analytics published a new research publication on "Laser Additive Manufacturing Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Laser Additive Manufacturing market was mainly driven by the increasing R&D spending across the world.
Get Free Exclusive PDF Sample…
Aquaculture Additive Market
The Insight Partners analysts forecasts the latest report on “Global Aquaculture Additive Market (Covid-19) Impact and Analysis by 2027”, according to report; The Aquaculture Additive Market report covers the overall and all-inclusive analysis of Market with all its factors that have an impact on market growth. This report is anchored on the thorough qualitative and quantitative assessment of the Aquaculture Additive Market.
The COVID-19 outbreak is currently going the world…
