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Global Lubricant Additives Market Features Outlook Information - by Type (Surface Protective Additives, Performance Enhancing Additives, Lubricants Protective Additives), by Applications (Automotive and Industrial) and Region - Forecast to 2022

02-27-2018 01:24 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Market Research Future

Market Research Future

Market Research Future

Market Research Report Overview:

The lubricant additives market is segmented on basis of type namely surface protective additives, performance enhancing additives and lubricants protective additives. Surface protective additives segment holds XX% of the overall global lubricant additives market and its share in the global market has been increasing since 2012. Along with this performance enhancing additives has accounted for the largest share of the global salicylic market in 2015. The market of performance enhancing additives was estimated with the CAGR of XX % since 2015.

The lubricant additives market is segmented on basis of application namely, automotive and industrial. The application of lubricant additives in automotive industry is maximum owing to increasing sales in the automotive industry especially in emerging countries. This sales is maintaining the CAGR of XX% since 2015 and is expected to continue till 2022. The market for Industrial segment will grow at the CAGR of XX% over the forecasted period.

This study was conducted combining primary and secondary information including inputs from key participants of the industry. The report contains detail about the market as well as vendors of the same and vendor landscape in addition to a SWOT analysis of key vendors.

Regional Analysis:

The market is classified and analyzed on the basis of geographical segmentation which includes North America , Europe, Asia-Pacific, Middle East and Africa. Out of these, Asia-Pacific accounts for the largest share with respect to growth of the lubricant additives market and is expected to further. In North-America the U S contributes maximum in the growth of this market followed by Europe growing at the CAGR of XX% which has started in 2016 to and is expected to continue till 2022.

Demand for lubricant additives in the U.S is expected to increase to 3.8 billion in 2017. Additives such as antioxidant and friction modifiers which provides longer lubrication and fuel efficiency benefits will see the strongest demand growth. Automotive applications tend to be highly technical and present a larger market for both finished lubricants and lubricant additives than industrial uses. However, demand for additives in automotive lubricants will be restrained due to weak growth in vehicle usage, lengthening service intervals, and little room to further increase additive concentrations. This will have the largest impact on additives, including dispersants and detergents, which are a major component of engine oils and account for the largest share of total lubricant additives demand. Environmental concerns will play a major role in lubricant additives. Such as expanding use of biodiesel in the motor vehicle fuel pool will require better oxidation and corrosion protection from lubricants. In contrast, falling sulfur content in marine fuel oil may reduce the need for detergents in marine engine lubricants.

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Market Highlights:

The Global Lubricant Additives Market is expected to grow to USD 17.1 billion in 2022 growing at the CAGR of 3.2% since 2016 and is expected to continue till 2022.

The market is expected to grow significantly over the forecasted period. Lubricant oil comprises of a base stock blended with various additives to enhance performance and maintain the same due to which lubricant additives is used majorly in automotive and various industries specifically heavy duty motor oil, passenger car motor oil , industrial engine oil and metal working fluids. Various functions of Lubricant Additives such as enhancement of performance and efficiency, reduction in wear and tear of materials and metals, lower toxicity along with low cost, change in legislative and environment regulations, technology development in marine and automotive industries are some of the drivers of this market.

The Lubricant Additives Market is segmented on the basis of type namely, surface protective additives, performance enhancing additives and lubricants protective additives. The demand for surface protective additives is increasing consistently at a CAGR of XX% over the forecasted period. Further lubricants protective additives is expected to grow at the CAGR of XX% over the forecasted period.

The Lubricant Additives Market is segmented on the basis of applications namely automotive and industrial. It is future segmented into heavy duty motor oil passenger car motor oil, industrial engine oil and metal working. Passenger car motor oil had the largest share for Lubricant Additives in 2013 and is expected to dominate the market over the forecasted period. In addition to this industrial engine oil had the largest market share in 2015 and is expected to maintain its share even in the future.

Segmentation:

The Global Lubricant Additives Market is majorly segmented on the basis of by type and by application. Based on type the market is segmented into surface protective additives, performance enhancing additives and lubricants protective additives. On the basis of application the market is classified into automotive and industrial. Automotive is future sub-segmented into heavy duty motor oil passenger, car motor oil and industrial is sub-segmented into industrial engine oil and metal working.

Global Lubricant Additives Market Players:

BASF SE, Chemtura Corp., Chevron Oronite, Croda International, Evonik Industries, Infineum International, Lubrizol Corp, Shamrock and Tianhe Chemicals, Afton Chemical Corporation and others.

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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

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