The global demand for Lubricant Additives Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. Whereas with regards to volume, the market was calculated XX KT in 2021 and foreseen to touch XX KT by 2028 with a CAGR of XX% during 2020-2026.
Lubricant Additives Lubricant Additives are materials added to the base oil to enhance, suppress or impart new property to the base oil used in the lubrication of machinery. These are used in automotive engine crankcase lubricants, hydraulic fluids, and gear oils. They are added to increase fuel economy, increase the lifeline of machinery and meet stringent emission control requirements. Many test methods are employed to study the effectiveness of these additives before being deployed. These additive components are ideally multifunctional and are soluble in mineral oil, water or both. The use of lubricant additive carries a risk factor and hence it is safer to work closely with chemists to better understand them.
The major market driver for the market growth of Lubricant Additives is the advancement in machinery used in the automotive and industrial sectors. The various regulations imposed by governments around the world with respect to the control of greenhouse gas can play case a key factor as well. The ever-changing technology in the end-user industry and meeting their demands can promote this market to grow at an alarming rate. The major hampering factors for the market growth are lack of product differentiation, competitive end-users and clear understanding of the complex chemical properties of these materials.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of lubricant additives.
The entire lubricant additives market has been sub-categorized into product and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Viscosity Index Improvers
- Anti-wear Additives
- Friction Modifiers
- Automotive Lubricants
- Heavy Duty Motor Oil
- Passenger Car Motor Oil
- Industrial Lubricants
- General Industrial Oil
- Industrial Engine Oil
- Metalworking Fluids
This section covers regional segmentation which accentuates on current and future demand for lubricant additives market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Lubricant Additives Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the lubricant additives market include BASF SE, Afton Chemical Corp., Chemtura Corp., Chevron Oronite Company, Croda International, Evonik Industries, Infineum International, Lubrizol Corp., Shamrock Shipping & Trading Ltd., Tianhe Chemicals Group, Hornett Brothers & Co. Ltd., IPAC Inc., MidContinental Chemical Co.. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.