Lubricant Additives Market Examination and Industry Growth Till 2025 Which is Going to Change Industry Future
Seattle, WA -- (SBWIRE) -- 11/05/2019 -- The Lubricant additives market reports is a comprehensive analysis of the key players, Trends, Cost structure, Capacity, Size-Share, Challenges, Demand and Supply, and Opportunities. This report also offers deep insight into the growth of major player as well as look at new entrants to the market and their growth prospects. Moreover, this the report also maps all the important factors influencing the overall market. Furthermore, exhaustive quantitative analysis of the Lubricant additives market has been provided in an organized manner which will help marketers in making strategies for increasing market growth and effectiveness.
Lubricant additives are organic or inorganic chemical compounds, which are either dissolved or suspended in lubricants and functional fluids to improve their performance. These compounds are utilized individually or formulated as a package according to the end-use application. Consumption of lubricant additives is major in heavy-duty and passenger car lubricants in the automotive segment, followed by metalworking fluids and industrial engine oils in the industrial segment.
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Lubrizol, Infineum, Afton, Chemtura, BASF, Tianhe, Adeka, Additiv Chemie Luers, Akzo Nobel, Chevron Oronite, Dow Chemical , IPAC, Miracema Nuodex , PCAS , Sanyo Chemical Industries, Vanderbilt
Constantly increasing marine and aviation transportation, growing automotive industry, and improved emission regulations in conjunction with fuel economy standards are driving the lubricant additives market growth. However, higher drain intervals for high-grade lubricants inhibit the market growth owing to lubricant solutions with decreased maintenance costs and servicing. In addition, the fluctuations in the lubricant market are responsible for the relatively low growth rate of the world lubricant additives market.
Key Market Trends
Detergents Anticipated to Record Healthy Demand in the Automotive Industry
Detergents are the surface additives involved in the process related to cleaning surfaces or protecting the deposits from settling.
During the equipment (engine) operation, dirt and oil insoluble products are formed as a result of oxidation. Detergents prevent these products from settling on engine surface, thus preventing the degradation of engine surface.
The number of automotive vehicles has been increasing globally over the recent past, owing to the higher living standards, increasing per capita income, and changing preferences of the consumers.
It is segmented based on type, application, and geography.
Based on type, it is divided into dispersants, viscosity index improvers, detergents, anti-wear agents, antioxidants, corrosion inhibitors, friction modifiers, emulsifiers, and others.
By application, the market is bifurcated into automotive lubricants and industrial lubricants. Automotive lubricants are further segmented into heavy-duty, passenger car, and other automotive. In addition, industrial lubricants are divided into metalworking fluids, industrial engine oils, general industrial oils, and others.
Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. The rapidly growing economies in Asia-Pacific have tremendous potential for lubricant additives as the rapidly evolving lifestyle demographics are driving automotive sales and industrial development.
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