Lubricant Additives Market Report, Share, Size, Trends, Growth, Demand By Region & Top Key Players

Global Lubricant Additives Market Report, Historical Growth & Analysis of Top Key Players

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Report Description

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Report Description and Highlights

Report Description

Lubricant Additives Market Report By Type (Dispersants, Viscosity Index Improvers, Detergents, Antiwear and Antioxidants, Corrosion Inhibitors and Others), End-Use (Automotive Lubricant, Metalworking Fluid, Industrial Engine, Process Oil and Grease), Distribution Channel, Region The global lubricant additives market has witnessed a moderate growth over the past several years.

Owing to increasing governmental interventions to achieve higher fuel economy along with the expanding automotive industry, the demand for lubricant additives is escalating across the globe.

Market Overview: According to the latest report by IMARC Group, titled “Lubricant Additives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global lubricant additives market reached a value of US$ 15 Billion in 2017. Lubricant additives refer to chemicals that are designed and optimized to meet the performance requirements of engines. Over the years, a wide variety of hybrid compounds and blends have been engineered to create better additives which act as antioxidants and corrosion inhibitors in combustion engines as well as help in improving the viscosity of the oil and reducing oil decomposition. Many original equipment manufacturers (OEM), oil companies and lubricant additive manufacturers have collaborated to advance the fuel efficiency and durability of vehicles, and to reduce carbon emissions into the environment.

Report Description and Highlights

Report Description Market Trends:

Lubricant additives offer several advantages to the end-users, such as enhanced vehicle reliability, minimized costs, and reduced friction. Besides this, the development of advanced lubricant additives has helped in extending oil drain service intervals and improving engine durability while reducing CO2 emissions from cars and commercial vehicles. These lubricants also provide the vehicle manufacturers to meet warranty requirements such as protection of emission control systems as well as protect the owner’s investment in the vehicle. Moreover, the governments of various nations have invested in R&D activities for developing superior products that adhere to environmental regulations. Apart from this, the use of environment-friendly and renewable fuels will influence the demand for lubricant additives.

Looking forward, the market is projected to reach a value of US$ 18 Billion by 2023, expanding at a CAGR of 3% during 2018-2023.

Lubricant Additives Market Segmentation: Market Segmentation by Type o Dispersants For more information, click here: https://www.imarcgroup.com/lubricant-additives-market

Market Forecast

Sample Figure: Global: Lubricant Additives Market Forecast: Sales Value (in Billion US$), 2018-2023

184.3

191.7

199.3

207.3

2018

2019

2020

2021

215.6

224.2

2022

2023

Market Segmentation

Report Description o o o o o o

Viscosity Index Improvers Detergents Antiwear and Antioxidants Corrosion Inhibitors Friction Modifiers Emulsifiers

Based on type, the market has been segmented as dispersants, viscosity index improvers, detergents, antiwear and antioxidants, corrosion inhibitors, friction modifiers and emulsifiers. Amongst these, dispersants dominate the market, holding the largest share.

Market Segmentation by End-Use • • • • •

Automotive Lubricant Metalworking Fluid Industrial Engine Process Oil Grease

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Market Segmentation

Report Description

On the basis of end-use, automotive lubricants represent the largest segment, accounting for the majority of the global share. Other major segments include metalworking fluids, industrial engine oils, process oils and greases.

Market Segmentation by Region • • • • •

North America Europe Asia Pacific Latin America Middle East and Africa

Region-wise, Asia Pacific exhibits a clear dominance in the global lubricant additives market. Other major regions include North America, Europe, Middle East and Africa, and Latin America.

Market Segmentation by Distribution Channel • •

Retail Institutional

Regional Segmentation

North America

Europ e

Asia- Pacific

Latin America

Middle East and Africa

Market Segmentation

Report Description

The market has been categorized on the basis of distribution channels into institutional and retail.

Currently, institutional is the leading distribution channel, dominating the global market.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

• • • • • • • • •

Arla Foods A.M.B. Chevron Corp.

Afton Chemical Corporation The Lubrizol Corporation Infineum International Limited BASF SE BRB International BV Wuxi South Petroleum Additive Co. Others

In case you have a very specific customized or specific niche needs, we can work around the scope of work and assist you with the tailor made solution. The topics covered could be technology, markets, competition, pricing trends, P&L analysis, cost analysis, price bench marking or it could also be supplementing you with the weekly or fortnight reports.

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Team Profile Our Team Comes From Some of the Top Universities Globally.

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We are the trusted business partners to the

Partial List of Clients world's leading corporates, governments, and A partial List of our Clients institutions

We are the trusted business partners to the

Partial Listworld's of Clients leading corporates, governments, and

A partial List of our Clients

institutions

Report Description and Highlights

Report Description

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