Afton Chemical (US) and BASF SE (Germany) are Leading Players in the Lubricant Anti-wear Agents Market

Afton Chemical (US) and BASF SE (Germany) are Leading Players in the Lubricant Anti-wear Agents Market

“Browse 225 market data Tables and 42 Figures spread through 224 Pages and in-depth TOC on “Lubricant Anti-wear Agents Market””
Lubricant Anti-wear Agents Market by Type (ZDDP, Phosphate, Phosphite, Phosphonate) by Application (Engine Oil, Automotive Gear Oil, Automotive Transmission Fluid, Hydraulic oil, Metalworking Fluid, Grease) and Region

The global lubricant anti-wear agents market size is projected to grow from USD 698 million in 2020 to USD 784 million by 2025, at a CAGR of 2.4% from 2020 to 2025. Growing demand for passenger cars and commercial vehicles in the automotive industry, as well as increasing GDP led by increasing industrial activities, is fueling the growth of the market across the globe.

The lubricant anti-wear agents industry in the Asia Pacific is expected to grow at the highest CAGR from 2020 to 2025. India, China, Indonesia, and Japan are key countries contributing to the increased demand for lubricants and, thus, lubricant anti-wear agents. Factors such as increasing GDP led by the rising industrial activities in the Asia Pacific have increased the demand for lubricant anti-wear agents in this region. Furthermore, the growth of transportation, power generation, mining, and other sectors are responsible for the growth of the lubricant anti-wear agents market in the Asia Pacific.

The agreements, as well as plant expansions made by many prominent players in the lubricant anti-wear agents industry, are one of the key factors. The lucrative market opportunities in the regions of Brazil, Russia, India, and China (BRIC), as well as the rising demand for renewable energy, are expected to boost the lubricant anti-wear agents market.

To know about the assumptions considered for the study download the pdf brochure

Companies such as Afton Chemical (US), BASF SE (Germany), Chevron Oronite (US), Solvay (Belgium), LANXESS (Germany) fall under the winners’ category. These are leading players in the lubricant anti-wear agents market, globally. These players have adopted the strategies of expansions, agreements, acquisitions, investments and partnerships, to increase their presence in the global lubricant anti-wear agents market.

Afton Chemical Corporation manufactures and develops petroleum additives, including driveline, engine oil, fuel, and industrial additives. The company is a subsidiary of NewMarket Corporation which primarily serves the petroleum additives industry and has its corporate office in Virginia, US. Afton Chemical was formerly known as Ethyl Petroleum Additives, Inc. The company changed its name to Afton Chemical Corporation in July 2004. It offers its products through five product divisions, namely, driveline additives, engine oil additives, fuel additives, and lubricant components. Afton Chemical Corporation has a global presence with sales offices in countries such as Singapore, UK, Brazil, and US. The company has technical centers in the US and Japan, where teams of engineers and technicians undertake research and test results with state-of-the-art testing equipment.

BASE SE is another one of the leading companies in lubricant anti-wear agents market. BASF SE is a leading chemical manufacturing company. Its portfolio ranges from chemicals, performance products, plastics, and agricultural products. The company operates its business through six segments, namely, surface technologies, materials, chemicals, industrial solutions, agricultural solutions, and nutrition & care. The company offers lubricant anti-wear agents through the industrial solutions segment. BASF SE has a strong global presence with major footprints in Europe. The company has regional centers in the US, China, and Germany. It has research & development centers in the US, Brazil, Germany, Pakistan, India, China, South Korea, Japan, and Philippines. The manufacturing centers are in Ludwigshafen having 110 production facilities, Antwerp having 50 production facilities, Nanjing having 32 production facilities, Kuantan having 16 production facilities, Freeport having 25 production facilities, and Geismar with 26 production facilities, among others.

Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=8724687

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/lubricant-anti-wear-agents-market-8724687.html