Lubricant Antioxidants Market: Demand Growing Across a Range of Industries

Posted on 2019-06-24 by Mark Hub in Internet & Online // 0 Comments

Rockville, USA, 2019-Jun-24 — /EPR Network/ — The “Lubricant Antioxidants Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2018-2028” is a comprehensive report published by Fact.MR that assesses the prominent growth parameters of lubricant antioxidants market. The report features the information acquired on assessing information and facts about lubricant antioxidants market through an extensive market research. This is Fact.MR’s latest report on lubricant antioxidants market that unveils the unique facts about the market explained in terms of quantitative and qualitative information. The market report contains the detailed explanation on growth of the lubricant antioxidants market and its market dynamics to justify the claims made by analysts in the Fact.MR study.

The US$ 1.6 billion lubricant antioxidants market is likely to witness 3% y-o-y in 2019, opines a new study by Fact.MR. Gains are likely to be driven by growing applications of lubricant antioxidants in various industrial sectors, especially automotive and transportation. The study remains bullish on growing demand for lubricant antioxidants in East Asia, with China leading the rally.

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Key Challenges in the Lubricant Antioxidants Market

Changing regulatory frameworks and environmental legislation implemented for mitigating the consequent effects of lubricant specifications can increase the cost pressure on lubricant antioxidant manufacturers.
Constantly evolving fuel economy standards and the development cycle of new automotive oils will require constant modifications in lubricant antioxidant specifications to ensure compatibility with new materials.
Lubricant antioxidants are among the most expensive lubricant additives. High investments required for the application of lubricant antioxidants technology make it pricey for end-users, which in turn, is restricting widespread adoption.
Steadily declining applications of lubricant antioxidants in specialty oils and fuels is likely to negatively impact the growth of the lubricant antioxidants market in the coming future.

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Lubricant Antioxidant Demand Growing Across a Range of Industries

The Fact.MR study finds that although applications as automotive lubricants and engine oils account for around one-third share of the global market, demand continues to surge across a range of industries. The study opines that applications as industrial lubricants will create sustained opportunities for manufacturers in the near future.

Increasing industrialization is fuelling demand for high-performance industrial lubricants as improving the durability of machines and boosting operational efficiency gain center stage. The Fact.MR study opines that this will remain a primary driver for increasing applications of lubricant antioxidants in the industrial sector in the next decade. Leading players in the lubricant antioxidant market are expected to realign their salient business strategies to capitalize on this trend in the market.

Leading players in the lubricant antioxidants market include BASF SE, Lubrizol, Chevron Oronite Company (Chevron), Afton Chemical, Infineum (ExxonMobil), Songwon Industrial Group, ENI, Evonik, LANXESS, Jinzhou Kangtai Lubricant Additives, Wuxi South Petroleum Additive, SI Group (acquired by SK Capital), ADEKA Corporation, and OXIRIS Chemicals S. A.

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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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