Global Lubricant Additives Market is Expected to Grow at a CAGR over 3.2% From 2016 to 2022

“”Lubricant Additives Market Set for Rapid Growth and is Estimated to Grow at a CAGR over 3.2% by 2022″”
Global Lubricant Additives Market Information – by Type (Surface Protective Additives, Performance Enhancing Additives, Lubricants Protective Additives), Applications (Automotive and Industrial) and Region – Forecast to 2022

Market Overview:

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.

Companies such as are BASF SE, Chemtura Corp., Chevron Oronite, Croda International, Evonik Industries have implemented acquisition and expansion of business strategies to increase their acrylic market’s presence geographically. Few global players have invested in R&D amenities to discover advanced and innovative folic products with higher efficacy rate and ease of use.

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Competitive Analysis-  

Major Key Players in Lubricant Additives Market are:

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

Regional Analysis

Asia Pacific region is expected to maintain its dominance in the global lubricant additives owing to high demand for passenger cars in China, South East Asia along with robust lubricant aftermarket sale which is expected to drive the market in Asia Pacific. Various environmental regulations and modernization in technology are driving the market in Middle East and Africa. The market in Europe will have a sluggish growth owing to economic slowdown and utilization of high quality lubrications. 

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Reasons to Buy

  • This report includes an in-depth study about lubricant additives market
  • It covers market segmentation by type and by application
  • It helps in identifying region wise major suppliers and understanding the consumption pattern related to lubricant additives market
  • The report will provide useful and premium insights that will support detail study about the lubricant additives market and allied companies by providing detail on the fast growing segments and regions
  • In addition, it will also provide key findings that will help companies to improve profitability by using supply chain strategies and method of cost effectiveness related to various products mentioned in the report
  • The data used in the report is chiefly based on interview conducted with major producing companies and industry experts which are supported by authentic industry data from secondary sources.

Access the market data and market information presented through more than 25 market data tables and 25 figures spread over 140 numbers of pages of the project reportGlobal Lubricant Additives Market –Forecast to 2022

List of Figures

FIGURE 1Global Lubricant Additives Market Segmentation

FIGURE 2    Forecast Methodology   

FIGURE 3    Five Forces Analysis of Global Lubricant Additives Market   

FIGURE 4    Value Chain of Global Lubricant Additives Market   

Continued….

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