Global Lubricant Additives Market
-
Product Code:
RP-ID-10059976 -
Published Date:
21 Oct 2022 -
Region:
Global
-
Pages:
138 -
Category:
Chemicals -
Publisher:
Pub-ID-12
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
....
The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Market Overview:
Translate Report
Market Overview:
The global Lubricant Additivesmarket was valued at USD 15.04billion in 2016 and is projected to reach USD 18.79billionby 2025, growing at a CAGR of 2.50% from 2017 to 2025.
Lubricant additives demand is governed by demand for lubricants. These additives provide enhanced properties to increase the shelf life of lubricant along with improving its efficiency. The demand is high in industrial and automotive application owing to usage of large number of mechanical parts.
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Increasing focus on fuel economy
1.2 High growth in developing economies
2. Market Restraints
2.1 Growing demand for alternate fuels
2.2 Economic restraints
Market Segmentation:
The global Lubricant Additivesmarket is segmented on the type, application, and region.
1. By Type:
1.1 Viscosity Index Improvers
1.2 Detergents
1.3 Dispersers
1.4 Corrosion Inhibitors
1.5 Friction Modifiers
1.6 Anti-Wear Additives
1.7 Antioxidants
1.8 Extreme Pressure Additives
1.9 Emulsifiers
1.10 Pour Point Depressant
1.11 Others
2. By Application:
2.1 Automotive
2.1.1 Heavy Duty Motor Oil
2.1.2 Passenger Car Motor Oil
2.1.3 Others
2.2 Industrial
2.2.1 Metal Working Fluid
2.2.2 Industrial Engine Oil
2.2.3 General Industrial Oil
2.2.4 Others
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Afton Chemical Corporation
2. Tianhe Chemicals Group
3. BASF SE
4. Chamrock Shipping and Trading Limited
5. Chemtura Corporation
6. Lubrizol
7. Chevron Oronite Company
8. Infineum International
9. Croda International
10. Evonik
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Lubricant Additives Marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the research methodology of verified market research and other aspects of the research study, kindly get in touch with our sales team.
Geography Analysis:
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
.
