Lubricant Additives Market Scope, Demand and Supply Chain Analysis till 2024

Posted on 2021-05-07 by researchinsights in Chemicals // 0 Comments

San Jose, California , USA, May 07, 2021 — /EPR Network/ —

The global Lubricant Additives Market was appreciated by US$ 14.35 billion in the year 2015. It is estimated to develop at a substantial CAGR for the duration of the prediction. The business is categorized by growing usage of additive in basic oil amalgamation for extended service life and presentation. These additives increase the viscidness of oil, act as antioxidants and inhibitors for corrosion in internal combustion engines, and decrease decay of oil.

The lubricant additives market on the source of Type of Application could span Industrialized (Industrial Engine Oil, Metalworking Fluids, General Industrial Oil), Automobile (Light Duty Vehicle [LDV], Heavy Duty Vehicle [HDV]). The subdivision of Passenger car [LDV] motor oil was the leading sector. It was responsible for more than 30% stake of the international capacity during the year 2014 and is projected to preserve its supremacy above the prediction period.

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The EURO standards, regulating the sum of hydrocarbons, carbon monoxide, soot and nitrogen oxide, combined with change in customer inclinations in the direction of usage of the operationally effective and small viscous fuel is motivating the necessity for passenger car motor oil. Within the group of industrialized lubricants, general industrial oil is responsible for a stake of more than 35% of the international capacity during the year 2014 and is estimated to be the speedily increasing subdivision above the upcoming years.

The lubricant additives market on the source of Type of Product could span Friction Modifiers, Anti-Wear Additives, Viscosity Index Modifiers, Antioxidants, Detergents, Dispersants. The subdivision of Dispersants and Viscosity Improvers was jointly responsible for a market stake of more than 40% of the international capacity during the year 2015. Dispersants are extensively utilized to avertvarnish, sludge, and creation of additional deposit on the exteriors. Around three-quarters of their practice are in gasoline engine oils and diesel. Here their use intended to safeguard the engine.

Some of the important companies operating in the field are Tianhe Chemicals, Lubrizol Corp, Evonik Industries, Chevron Oronite, BASF SE, Shamrock, Infineum International, Croda International, Chemtura Corp., Rhein Chemise Corporation, Afton Chemical Corporation, and Vanderbilt Chemicals LLC.

The statement revises Trades in terms of intake of lubricant additives in the market; particularly in North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. It concentrates on the topmost companies operating in these regions.

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Table of Content

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Lubricant Additives Industry Outlook

Chapter 4 Lubricant Additives Product Outlook

Chapter 5 Lubricant Additives Application Outlook

Chapter 6 Lubricant Additives Regional Outlook

Chapter 7 Competitive Landscape

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