Global Lubricant Additives Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027
-
6990
-
May 2023
-
186
-
-
This report was compiled by Correspondence Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
-
MarketResearch.biz delivers in-depth insights on the global lubricant additives market in its upcoming report titled, “Global Lubricant Additives Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global lubricant additives market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global lubricant additives market report has been segmented on the basis of type, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Lubricant additives are chemical compounds which are used to enhance the performance of lubricant formulations. In addition, improving performance characteristics of lubricating oils, lubricant additives aid significantly in development of industrial machinery and prime movers. Development of modern passenger car engines, automatic transmissions, hypoid gears, steam turbines and high-speed gas, marine and rail diesel engines, industrial processing machinery, and among other types of equipment help to offer performance benefits. Lubricant additives play an important role in energy and emissions management in various automobile and end-use industries.
Consumption of lubricant additives is primarily in passenger car and heavy-duty lubricants in the automotive segment. The additive types include viscosity index improvers, dispersants, detergents, antioxidants, anti-wear agents, friction modifiers, corrosion inhibitors, and emulsifiers, and among others.
Increasing aviation and marine transportation, improved emission regulations in conjunction with fuel economy standards, and growing automotive industry, are major factors expected to drive growth of the global lubricant additives market. However, fluctuating raw lubricant prices is a major factor expected to hamper growth of the global lubricant additives market to a certain extent.
Asia Pacific lubricant additives market is estimated to account for major share in terms of revenue in the global lubricant additives market. Asia Pacific lubricant additives market is also anticipated to witness fastest growth in terms of revenue over the next 5 years, owing to increasing demand from the automotive industry in countries in this region. China lubricant additives market is anticipated to account for significant share in terms of revenue in the Asia Pacific, whereas the India lubricant additives market is anticipated to register highest CAGR over the forecast period. Increasing spending power of people and rapid growth in urban parts in this region are various other factors fueling growth of automobile industry, which in turn is expected to fuel growth of lubricant additives in this region.
Global Lubricant Additives Market Segmentation:
Segmentation by type:
- Dispersants
- Detergents
- VI Improvers
- Antioxidants
- Anti-wear
- Friction Modifiers
- Others (Corrosion Inhibitors, Emulsifiers, Extreme Pressure (EP), and Pour Point Depressants (PPD))
Segmentation by application:
- Automotive lubricants
- Heavy Duty Motor Oil (HDMO)
- Passenger Car Motor Oil (PCMO)
- Industrial Lubricant
- Metal Working Fluids
- Industrial Engine Oils
- General Industrial Oils
Segmentation by region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
-
- Afton Chemical Corporation
- BASF SE
- Chemtura Corporation
- Chevron Oronite Company LLC
- Croda International Plc
- Evonik Industries AG
- Infineum International Ltd.
- The Lubrizol Corporation
- Shamrock Shipping & Trading Limited
- Tianhe Chemicals Group Limited