Lubricant Additives Market Key Players:
- BASF SE,
- Chemtura Corp.,
- Chevron Oronite,
- Croda International,
- Evonik Industries,
- Infineum International,
- Lubrizol Corp,
- Shamrock Shipping & Trading Limited,
- Tianhe Chemicals,
- Afton Chemical Corporation,
among others are some of the prominent players at the forefront of competition in the Global Lubricant Additives Market and are profiled in MRFR Analysis.
Lubricant Additives Market Segmentation:
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.
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Industry/ Innovation/ Related News:
January 2017- Evonik Industries AG acquired units of U.S. based Air Products Performance Materials Business. This strategic acquisition put Evonik in superior position for further profitable growth in the lucrative specialty additives market. This acquisition is predicted to raise the adjusted earnings per share of Evonik Industries in 2017 business year.
April 2017- Olean and The University of Malaya (UM) established an agreement in which they together will join each other in research to produce a new generation of environmentally friendly additives for lubricants. This project has a duration of two years and will build on Oleon’s expertise in lubricant additives.
April 2017- LANXESS acquired U.S. based Chemtura, a leading supplier of lubricant additives and flame retardant. This strategic move enhances the company’s additives portfolio and increase its presence in North America. Moreover, Chemtura’s urethanes and organometallics businesses will merge into LANXESS Portfolio and expansion of this provides company and additional strong pillar.
May 2016- US based Afton Chemical Corporation constructed a lubricant additive manufacturing plant on Jurong Island. This plant cost around USD 100 million and will manufacture key components used in Afton’s engine oil additives to meet the increasing regional and global demand. This plant will help company to strengthen its position in Asia Pacific region.
May 2016- Lanxess expanded its capacity for light colored sulfur carriers at its sites in Mannheim, Germany and Antwerp, Belgium. With this capacity expansion, the company strengthen its position in market for the highly specialized industrial lubricant additives.
Lubricant Additives Market Table of Content to be Continue……,
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