A15946 | Pages: NA | Jul 2022 | 127 Views | | |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Lubricant Anti-wear Agent Market
Request Now !Anti-Wear Lubricants are used to prevent metal to metal contact between parts of gears used in automotive industry and machineries. The growing factor is the increase in the demand for the automotive industry, the rise in the market for commercial and passenger vehicle will be beneficial for the anti-wear lubricants market. The limiting factors is the fluctuating crude oil price, which is the key ingredient for anti-wear agents, which in turn, affects the profitability and as the global warming is directly proportional to the number of vehicles in use, thus, this could hamper the growth of the lubricant anti-wear agent market.
Market scope and Structure Analysis
Report Metric | Detail |
Market size available for years | 2020-2030 |
Base year considered | 2020 |
Forecast period | 2021-2030 |
Forecast unit | Value (USD) |
Segments Covered | Type and Application |
Companies Covered | Chevron Corp., Afton Chemical Corporation, The Lubrizol Corporation, Infineum International Limited, BASF SE, BRB International BV, Wuxi South Petroleum Additive Co., Croda Lubricants, DOG Chemie, Dorf Ketal, Dover Chemical, Eni SpA., Evonik Industries AG |
Covid-19 Impact Analysis
Top Impacting Factors
The growing demand for high-passenger and commercial vehicles in the automotive industry is driving the lubricant anti-wear agents industry growth as well as the rising GDP in Asia-Pacific. The growing demand for renewable energy will also provide a vast area for expansion for the global anti-wear agents market. Brazil, Russia, India, China, South Africa (BRICS) account for over a fifth of the global economy and the population in these countries is rapidly growing thus, to cope with its government in these countries are highly focused on industrial development to provide jobs for the people, with the introduction of more industries the demand for global lubricant anti-wear agent market is set to rise.
Market trends
Key Benefits of the Report
Questions answered in the Lubricant anti-wear agent Report
Key Market Segments
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Key Market Players
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