Lubricating Oil Additives Market Worth 17.74 Billion USD by 2023
Asia Pacific is expected to lead the global lubricating oil additives market during the forecast period. Lubricating oil additives are used to enhance the performance of lubricants and functional fluids. Each functional type additive is selected for its ability to perform one or more specific functions in combination with other additives. Selected additives are formulated into packages to be used with specific base stocks for automotive and industrial applications. The primary functions of lubricating oil additives are to reduce friction,...
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