The report on the Global Lubricant Additives Market gives an estimation of the development of the market based on historical studies and also provides forecasts on the basis of comprehensive research. The report gives a complete market analysis for the forecasted period from 2019 to 2026. The market is portioned into various segments with an in-depth outlook of the competitive outlook and a listing of the profiled key players. The market size in terms of revenue (USD MN) is calculated and provided for the study period along with the dynamics of the market such as the drivers and the restraints.
Lubricant additives are basically used to reduce friction between metal parts in and automotive engine and machines of end-user and manufacturing industries. The lubricity provided by lubricant additive ensures long life of metal spare parts, engine and machines. Automobile and manufacturing industries highly require lubricant additives to maintain their machineries and engine spare parts to ensure their long-term usage and smooth functioning.
Global lubricant additives market is analyzed and segmented based on product as detergents, dispersants, antioxidants, VI improvers, PPD (pour point depressants) and other additives which include corrosion inhibitors, metal deactivators, anti-wear additives, etc. Antioxidants and dispersants are major product segments contributing for the growth of this market.
Automobile is the prominent end-user industry of lubricant additives which in turn surge the growth of global lubricant additives market. In addition, rapid growth of manufacturing industries further propels the growth of this market. Other segments like corrosion inhibitors and anti-wear additives play an imperative role in controlling wear and tear of industrial machineries. These products are expected to augment the growth of this market over the forecast period. Adverse effects of lubricant additives on the environment will restrain the growth of this market.
Asia pacific is the prominent region of this market. Major economies like India and China and increase of automobile sector in these regions support the growth Of Asia Pacific. North America and Europe are expected to show steady growth. MEA and Latin America are emerging economies and are expected to show considerable growth over the forecast period.
Major companies in global lubricant additives market are:
- Infineum International Limited
- The Lubrizol Corporation
- BASF SE
- Tianhe Chemicals Group Limited
- Chevron Oronite Company, LLC
- Chemtura Corporation
- Evonik Industries AG
SEGMENTATIONS IN REPORT:
Lubricant Additives Market By Product
- VI Improvers
- PPD (Pour Point Depressants)
- Detergents
- Dispersants
- Antioxidants
- Other Additives (Corrosion Inhibitors, Metal Deactivators, Anti-wear Additives, etc.)
Lubricant Additives By Geography
- Asia Pacific
- North America
- Europe
- Latin America
- Middle East And Africa
The Global Lubricant Additives Market has been exhibited in detail in the following chapters -
Chapter 1 Lubricant Additives Market Preface
Chapter 2 Executive Summary
Chapter 3 Lubricant Additives Industry Analysis
Chapter 4 Lubricant Additives Market Value Chain Analysis
Chapter 5 Lubricant Additives Market Analysis By Product
Chapter 6 Lubricant Additives Market Analysis By Geography
Chapter 7 Competitive Landscape Of Lubricant Additives Companies
Chapter 8 Company Profiles Of Lubricant Additives Industry