Published by Wanda Rich
Posted on October 8, 2021
According to a new report published by Allied Market Research titled, “World Lubricant Additives Market -Opportunities and Forecasts, 2015 -2022″, the lubricant additives market is poised to reach $17,153 million by 2022, with a CAGR of 2.6% during the forecast period. 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.
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.
Download Free PDF Sample Report (Including COVID-19 effect Analysis) @ https://www.alliedmarketresearch.com/request-sample/1405
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.
Key findings of the study:
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 world lubricant 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.
Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business @ https://www.alliedmarketresearch.com/connect-to-analyst/1405
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter
According to a new report published by Allied Market Research titled, “World Lubricant Additives Market -Opportunities and Forecasts, 2015 -2022″, the lubricant additives market is poised to reach $17,153 million by 2022, with a CAGR of 2.6% during the forecast period. 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.
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.
Download Free PDF Sample Report (Including COVID-19 effect Analysis) @ https://www.alliedmarketresearch.com/request-sample/1405
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.
Key findings of the study:
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 world lubricant 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.
Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business @ https://www.alliedmarketresearch.com/connect-to-analyst/1405
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter
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