Global Lubricant Antioxidants Market Expectations & Growth Trends Highlighted by the end of 2028

The report studies the lubricant antioxidants market worldwide, especially in North America, Europe, Southeast Asia, India and Other Regions with production, size, growth, revenue, consumption, import and export in these regions. In order to study the various trends and patterns prevailing in the concerned market, Fact.MR has included a new report on lubricant antioxidants market to its wide online database including upcoming trends and market growth factors through 2028. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. The insights structured for presenting the target market are procured from both primary research and secondary research, and are utilized for validation that is valuable to investors, manufacturers and new entrants.

Get A Sample Copy of Market Report Here – https://www.factmr.com/connectus/sample?flag=S&rep_id=3466

In Brief

Lubricant antioxidants market revenues grew at a CAGR of 2.4% during 2013-2017. Global demand for non-depleting lubricant antioxidants that improve the long-term performance of lubricants and greases continued to surge during this period, creating challenges for manufacturers. Lubricant antioxidants market revenues reached US$ 1.6 billion in 2018 on back of growing focus on improving the efficiency and expanding the lifespan of lubricants. The lubricant antioxidants market is set to witness 3% y-o-y in 2019 over 2018. The long-term outlook on the market is also bullish, with our estimates suggesting a CAGR of 3.6% between 2018 and 2028.

East Asia is likely to remain the leading market for lubricant antioxidants, as leading chemical companies and lubricant manufacturers continue to invest heavily in China to capitalize on increasing industrial growth in the country. Middle East & Africa (MEA) is expected to emerge as a high-growth market for lubricant antioxidants during the assessment period, with our estimates suggesting a CAGR of 4.8% through 2028.

What are the Key Growth Drivers of Lubricant Antioxidants Market?

  • Imposition of emission control regulations and high fuel economy standards has led to higher demand from the automotive industry.
  • Lubricant antioxidants play an important role in improving the durability and lifespan of engines by forming a protective layers upon engine parts. As focus on preventive maintenance grows, demand for lubricant antioxidants and other materials has witnessed a steady surge.
  • The fortunes of lubricant antioxidants industry are dependent on broader developments in lubricant production – in recent years, global lubricant production has remained steady, creating sizeable opportunities for lubricant antioxidants industry.

What are the 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.

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.

Ask Industry Experts about this Report – https://www.factmr.com/connectus/sample?flag=AE&rep_id=3466

Growing emphasis on the importance of antioxidants in lubricants, especially in automotive lubricants, has been contributing to the steadily increasing applications of both primary and secondary variants. However, primary antioxidants for lubricants, which are also known as radical scavengers, continue to remain sought-after, especially in the automotive industry.

About FactMR

FactMR 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.

Contact Us
FactMR
11140 Rockville Pike
Suite 400, Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/

Matched content

Editor’s pick

Express Press Release Distribution