Lubricant Additives Market Overview:
The global lubricant additives market is projected to register a CAGR of over 3%, thus reaching a value of USD 16.4 billion by 2025. The market is expected to grow significantly over the forecasted period. Lubricant oil comprises of a base stock blended with various additives to enhance performance and maintain the same due to which lubricant additives is used majorly in automotive and various industries specifically heavy-duty motor oil, passenger car motor oil, industrial engine oil and metal working fluids.
Lubricant Additives Market Key Players:
Market Research Future (MRFR) recognizes the following companies as key players in the Global Lubricant Additives Market: BASF SE, Chemtura Corp., Chevron Oronite, Croda International, Evonik Industries, Infineum International, Lubrizol Corp, Shamrock Shipping & Trading Limited Tianhe Chemicals, Afton Chemical Corporation and others.
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Industry/ Innovation/ Related News:
April 2017- Olean and The University of Malaya (UM) established an agreement in which they together will join each other in research to produce a new generation of environmentally friendly additives for lubricants. This project has a duration of two years and will build on Oleon’s expertise in lubricant additives.
April 2017- LANXESS acquired U.S. based Chemtura, a leading supplier of lubricant additives and flame retardant. This strategic move enhances the company’s additives portfolio and increase its presence in North America. Moreover, Chemtura’s urethanes and organometallics businesses will merge into LANXESS Portfolio and expansion of this provides company and additional strong pillar.
January 2017- Evonik Industries AG acquired units of U.S. based Air Products Performance Materials Business. This strategic acquisition put Evonik in superior position for further profitable growth in the lucrative specialty additives market. This acquisition is predicted to raise the adjusted earnings per share of Evonik Industries in 2017 business year.
May 2016- US based Afton Chemical Corporation constructed a lubricant additive manufacturing plant on Jurong Island. This plant cost around USD 100 million and will manufacture key components used in Afton’s engine oil additives to meet the increasing regional and global demand. This plant will help company to strengthen its position in Asia Pacific region.
May 2016- Lanxess expanded its capacity for light colored sulfur carriers at its sites in Mannheim, Germany and Antwerp, Belgium. With this capacity expansion, the company strengthen its position in market for the highly specialized industrial lubricant additives.
Lubricant Additives Market Segmentation:
Lubricant Additives Market is majorly segmented on the basis of by type and by application. Based on type the market is segmented into surface protective additives, performance enhancing additives and lubricants protective additives. On the basis of application, the market is classified into automotive and industrial. Automotive is future sub-segmented into heavy duty motor oil passenger, car motor oil and industrial is sub-segmented into industrial engine oil and metal working.
Asia Pacific region is expected to maintain its dominance in the global lubricant additives owing to high demand for passenger cars in China, South East Asia along with robust lubricant aftermarket sale which is expected to drive the market in Asia Pacific. Various environmental regulations and modernization in technology are driving the market in Middle East and Africa. The market in Europe will have a sluggish growth owing to economic slowdown and utilization of high-quality lubrications.
Demand for Lubricant Additives in the U.S is expected to increase to 3.8 Billion in 2018. Additives such as antioxidant and friction modifiers which provides longer lubrication and fuel efficiency benefits will see the strongest demand growth. Automotive applications tend to be highly technical and present a larger market for both finished lubricants and lubricant additives than industrial uses.
Lubricant Additives Market Table of Content:
1 Executive Summary
2 Scope of The Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Lubricant Additives Market
Lubricant Additives Market Table of Content to be Continue……,
Lubricant Additives Market List of Tables:
Table 1 Global Lubricant Additives Market, By Region, 2016–2025
Table 2 North America: Lubricant Additives Market, By Country, 2016–2025
Table 3 Europe: Lubricant Additives Market, By Country, 2016–2025
Table 4 Asia-Pacific: Lubricant Additives Market, By Country, 2016–2025
Table 5 Middle East & Africa: Lubricant Additives Market, By Country, 2016–2025
Lubricant Additives Market List of Table to be Continue……,
Lubricant Additives Market List of Figures:
FIGURE 1 Global Lubricant Additives Market Segmentation
FIGURE 2 Forecast Research Methodology
FIGURE 3 Porter’s Five Forces Analysis of Global Lubricant Additives Market
FIGURE 4 Value Chain of Global Lubricant Additives Market
FIGURE 5 Share of Global Lubricant Additives Market In 2017, By Country (%)
Lubricant Additives Market List of Figures to be Continue……,
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