Engine Oil Corrosion Inhibitors Market
Engine Oil Corrosion Inhibitors Market Scope:
Industry Analysis, Market Size, Growth, Trends Till 2031
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Engine Oil Corrosion Inhibitors Market Size and Growth
The Engine Oil Corrosion Inhibitors market is projected to experience steady growth, driven by rising automotive production and increasing demand for high-performance lubricants. The market is valued at approximately USD 1.5 billion in 2023, with anticipated growth fueled by advancements in formulation technologies and stringent regulations promoting efficient engine performance.
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Companies Covered
(Covid 19 Impact Covered)
◍ Advance Products & Systems
◍ Akzo Nobel N.V.
◍ Air Products and Chemicals
◍ Champion Technology Services
◍ ICL
◍ SUEZ
◍ Daubert Cromwell
◍ Dai-ichi
◍ Solvay
◍ ChemTreat
◍ Aegion Corporation
◍ Kurita Water Industries
◍ Kemira
◍ The Lubrizol Corporation
◍ Milacron
◍ Ecolab
◍ QED Chemicals
The Engine Oil Corrosion Inhibitors Market is competitive, featuring companies like Akzo Nobel N.V., BASF SE, and The Lubrizol Corporation, which innovate formulations to enhance engine protection. Their investments in R&D and product development drive market growth. Reported revenues include:
- Akzo Nobel: €8.8 billion
- BASF: €78.6 billion
- The Lubrizol Corporation: $7.5 billion.
◍ Eastman Chemical Company
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Market Segmentation
By Application
Power Generation
Chemical Processing
Metal Processing
Others
By Product
◍ Passivating Inhibitors ◍ Volatile Inhibitors ◍ Mixed Inhibitors
Others
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Market Growth
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$ X Billion USD
