Published: Jun, 2016
The global lubricant additives market for the focus of analysis of a recent market research report announced by Transparency Market Research. The report, titled “Lubricant Additives Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020,” projects that the market will exhibit a moderate yet positive 2.66% CAGR from 2014 through 2020. If the prediction holds true, the market will rise to a volume of 4,934.61 kilo tons by 2020 from 4,093.45 kilo tons in 2013.
Browse the full Lubricant Additives Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 report at https://www.transparencymarketresearch.com/lubricant-additives-market.html
Lubricant additives are an important element of most lubricants, imparting the finished lubricants characteristics such as performance improvement and enhanced resistance to harsh conditions. Major varieties of additives added to lubricants include antioxidants, pour point depressants, corrosion inhibitors, friction modifiers, and viscosity index improvers. The percentage of additives used in a lubricant depends on the specific nature of the application.
In the past few years, the global market for lubricant additives has witnessed a huge rise in demand, key reasons being the continuously rising number of passenger vehicles and stringent regulations about emissions produced by the automotive industry. The report gives a thorough overview of the other major factors influencing the overall developmental prospects of the global lubricant additives market as well as a detailed overview of impact of major challenges and trends on the market’s growth.
So as to make the complex market-related data easily applicable and comprehensible, the study segments the market on the basis of two criteria: Product type and geography.
Product-type wise, the market has been segmented into antioxidants, detergents, viscosity index (VI) improvers, dispersants, and pour point depressants (PPD). The markets for other lubricant additives such as extreme pressure additives, metal deactivators, anti-wear additives, and corrosion inhibitors are also examined in the report. Of these, the segment of dispersants led the global lubricant additives market, accounting for over 20% of the market in 2013.
From a geographic perspective, the global lubricant additives market has been analyzed for North America, Asia Pacific, Europe, and the Rest of the World. The stringent norms regarding carbon emissions from vehicles in Europe and North America are the major factors leading to the increased demand for high quality lubricant additives in the region. Developing parts of Asia Pacific are also increasingly stimulating the demand for effective lubricant additives to curb harmful emissions from vehicles. These factors are expected to increase the demand for a variety of lubricant additives in the Asia Pacific market over the forecast period.
The report also presents exclusive and comprehensive business profiles of some of the most prominent vendors operating in the global lubricant additives market, along with other details. Major vendors in the market profiled in the report are Chevron Oronite Company LLC., Chemtura Corporation, BASF SE, Evonik Industries AG, Chevron Oronite Company LLC, The Lubrizol Corporation, Infineum International Limited, NewMarket Corporation, Tianhe Chemicals Group Limited, and Rhein Chemie Rheinau GmbH.
The market has been segmented as follows:
Lubricant Additives Market: Product Segment Analysis
- VI Improvers
- PPD (Pour Point Depressants)
- Other Additives (Corrosion Inhibitors, Metal Deactivators, Anti-wear Additives, etc.)
Lubricant Additives Market: Regional Analysis
- North America
- Asia Pacific
- Middle East
- RoW (Rest of the world)
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TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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