Press release
Engine Oil Additives Market: rising demand of lubricating oil additives for prolong engine treatment through 2020.
Engine Oil Additives Market
Engine Oil Additives are basically specialty chemicals mixed with the engine oil to enhance properties of engine oil as well the overall efficiency or durability of the engine. These additives help in protecting the engine from any wear & tear and also improve the overall fuel economy.
Regional Outlook:
Engine Oil Additives Market had sales revenue of around $9.9 Billion in 2014, where APAC was a leading region with around 37% revenue share. Increasing number of in-use vehicles as well new registrations in APAC region is driving the market growth. China, among all the countries is the promising market with rising demand for engine oil additives. China is another major manufacturer of engine oil additive and has accounted for 37.8% of market share. Being the country for highest number of motorcycles on road, China plays a major role in the global engine oil additives market. Americas, Europe, APAC and rest of the world are studied by IndustryARC in detail in this research report.
More Info @ http://industryarc.com/Report/7509/engine-oil-additives-market.html
Segmentation Brief:
The market is segmented on the basis of different types of additives such as anti-oxidants, detergents, dispersants, anti-wear additives, VI improvers, corrosion inhibitors, friction modifiers, pour point depressants and others (Others include metal deactivators, emulsifiers and more). Market is also segmented based on different engine types and end users. End user verticals like: Passenger car, Commercial vehicles, Motorcycles and Others. Engine Types being: Gasoline, Diesel, Natural Gas and Others.
Prominent Players of the Market:
Globally there are many manufacturers listed in the engine oil additives market including many small and medium scale regional players. Out of all those only a few as stated above are competing in the global market. Every company is investing huge share of their profitability for R&D to come up with innovative products to differentiate themselves in the market. Engine oil additives market is set to experience a lot of change in future in terms of demand and other technical aspects. Among more than 40 players studied in this market research report, few are:
• Evonik Industries
• Infineum International Ltd.
• Petroleum Chemicals, LLC
• The Lubrizol Corporation
• Vanderbilt Chemicals, LLC
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About IndustryARC:
IndustryARC is a Research and consulting firm that publishes more than 500 Reports Annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.
We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.
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Contact Person: Sanjay Matthews
Email: sales@industryarc.com
Phone: 1-614-588-8538 (Ext: 101)
Company Name: IndustryARCTM
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