Global Lubricating Oil Additives Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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“Global Lubricating Oil Additives Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global lubricating oil additives market, and the various trends, drivers, restraints, opportunities, and threats in the target market 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 and mergers, and market footprint. The global lubricating oil additives market report has been segmented on the basis of functional type, application, sector, 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.
Lubricating oil additives impart new properties to an oil or reinforce desirable properties already possessed by the oil.
Increasing use of lubricating oil additives owing to growing demand from automotive sector is a major factor driving growth of the global lubricating oil additives market. In addition, rising demand for lubricating oil additives due to high industrial growth in emerging economies across the globe is another factor expected to fuel growth of the target market over the forecast period.
However, fluctuating raw material prices of lubricating oil additives is major factor expected to limit growth of the global lubricating oil additives market over the forecast period. In addition, increasing use of electric vehicles is one more factor expected to hamper growth of the target market in the near future.
By application, the global lubricating oil additives market is segmented based on engine oil, gear oil, process oil, industrial oil, hydraulics fluid, and metalworking fluid. The engine oil segment is expected to register fastest growth rate over the forecast period owing to, increasing motorization rate across the globe coupled with the increasing focus of additive manufacturers on research & development activities to formulate efficient additive packages according to the specifications of OEMs.
Market in Asia Pacific accounted for significant revenue share of the target market in terms of revenue contribution as compared to that of markets in other regions, owing to increasing demand for lubricating oil additives from the automotive and industrial sectors of countries such as China, India, and other southeast Asian countries. The market in the North America is projected to register comparatively faster growth in terms of revenue over the next 10 years. This can be attributed to rising demand for lubricating oil additives from automotive industry, in the region. Asia Pacific accounts for highest revenue share contribution to the global market, registering a share of XX.X%. The markets in Latin America and Middle East and Africa are expected to register significant growth rate in the global lubricating oil additives market over the forecast period, owing to high industrial growth and in turn increasing use of lubricating oil additives, in the region.
Global Lubricating Oil Additives Market Segmentation:
Global lubricating oil additives market segmentation, by functional type:
- Anti-Wear Agents
- Extreme Pressure Additives
- Viscosity Index Improvers
Global lubricating oil additives market segmentation, by application:
- Engine Oil
- Gear Oil
- Process Oil
- Industrial Oil
- Hydraulics Fluid
- Metalworking Fluid
Global lubricating oil additives market segmentation, by sector:
Global lubricating oil additives market segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East and 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
- Lubrizol Corporation
- Chevron Oronite Company LLC
- Afton Chemical Corporation
- Infineum International Limited
- Evonik Industries AG
- BASF SE
- Lanxess Corporation
- Croda International Plc
- BRB International BV
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