Global Lubricant Additives Market to Grow at a CAGR of 2.68% During Forecast 2015-2019
Lubricant additives are chemical compounds that are used to improve the performance of lubricant formulations. In addition to improving the performance characteristics of lubricating oils, these additives aid significantly in the development of prime movers and industrial machinery. The development of modern passenger car engines, hypoid gears, automatic transmissions, high-speed gas and steam turbines, rail and marine diesel engines, industrial processing machinery, as well as many other types of equipment, would have been greatly retarded in the absence of these...
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