Loading...

COVID‑19 Alert: Stay home if you feel unwell. If you have a fever, cough and difficulty breathing, seek medical attention. Follow the directions of your local health authority. Source WHO

We have a lockdown, "Working from HOME" Please reach out for any queries at: help@alliedmarketresearch.com & Int'l : +1-503-894-6022, (UK) : +44-845-528-1300

Lubricant Additives Market is Expected to Reach $17,153 Million, Globally, by 2022

 
 

quote Heavy duty and passenger car lubricants segment dominated the automotive lubricant Additives market in 2015, generating more than four-fifths of the market share collectively. These segments are estimated to grow with a CAGR of 2.4% and 2.6%, respectively, during the forecast period. Metalwork fluids and industrial engine oils accounted for more than 80% in 2015. Among different types of lubricant additives, anti-wear agents are expected to grow with a highest CAGR of 3.8%, owing to the enhanced mileage and emission standards expected from OEMs by governing bodies. quote

Bhumika Tandon

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

Lubricant Additives Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $17,153 million by 2022, registering a CAGR of 2.6% during the period 2016-2022. The dispersants and viscosity improvers segment leads the lubricant additives market with more than three-fourths of the market share. Automotive lubricant additives application segment accounted for more than two-thirds of the market share and is expected to grow at a CAGR of 2.6% (in terms of volume) from 2016 to 2022.

View Detail Summary of this report: https://www.alliedmarketresearch.com/lubricant-additives-market

Lubricant additives are helpful in optimizing the performance of lubricants and other functional fluids, as these addendums provide protection from corrosion and wear in conjunction with regulating deposits and fluid thickness. The key elements that drive the lubricant additives market growth include, rising automotive industry, increasing transportation by marine & aviation and stringent emission regulations. However, higher drain intervals of high grade lubricants inhibit the market growth, owing to lubricant solutions with decreased maintenance, costs and servicing.

Key Findings of Lubricant Additives Market

  • Friction modifiers, is projected to be the second fastest growing Additives segment in the globallubricant additives market, registering a CAGR of 3.7% (in terms of value) during 2016 and 2022.
  • Automotive is projected to be the fastest growing application segment in thelubricant additives market, registering a CAGR of 2.6% (in terms of volume).
  • Dispersants segment occupied around one-fourth of the market share, by volume, in the global lubricant additive market in 2015.
  • Asia-Pacific is projected to occupy the highest market value, registering a CAGR of 2.8%.
  • Heavy duty oil lubricants amounted for nearly half of the market share, by value, in 2015, with a CAGR of 2.4%.

The Asia-Pacific and LAMEA lubricant Additives markets are expected to offer lucrative growth opportunities, with the CAGRs of 2.8% and 2.7%, respectively; this is due to increasing economic development, expanding automotive ownership and rising disposable income. The key players profiled in globallubricant Additives market include, BASF SE, Evonik Industries AG, Infineum International Limited, Chevron Oronite Company LLC, Chemtura Corporation, Lubrizol Corporation, Croda International PLC, Afton Chemical Corporation, Vanderbilt Chemicals LLC and Rhein Chemie Corporation.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Ram D
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Lubricant Additives Market by Type (Antioxidants, Detergents, Emulsifiers, Corrosion inhibitors, Dispersants) and Application (Heavy-duty, Passenger car, Metalworking Fluids, General Industrial Oil, Industrial Engine Oil) - Global Opportunity Analysis and Industry Forecast, 2015 - 2022 quote

View Report
 
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Lubricant Additives Market"
Purchase Enquiry