The world lubricant additives market is expected to grow at a CAGR of 2.6% during the forecast period to reach $17,152.8 million by 2022. Lubricant additives are organic or inorganic chemical compounds, which are either dissolved or suspended in lubricants and functional fluids to improve their performance.
Pour point depressants is used to lower the pouring temperature of petroleum-based mineral oil. These depressants are used in numerous steam applications that contain components such as petroleum-based oils, wax, middle distillates, and heavy oils. These depressants prevent the formation wax crystals at lower temperatures.