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Get more information about the market: https://www.imarcgroup.com/lubricant-additives-market<br><br>The global lubricant additives market reached a value of US$ 15 Billion in 2017. Lubricant additives refer to chemicals that are designed and optimized to meet the performance requirements of engines. Over the years, a wide variety of hybrid compounds and blends have been engineered to create better additives which act as antioxidants and corrosion inhibitors in combustion engines as well as help in improving the viscosity of the oil and reducing oil decomposition. <br><br>Want more information about this market? Request a free report sample: https://www.imarcgroup.com/request?type=report&id=1074&flag=B<br><br>Contact Us<br><br>IMARC Group<br>James Smith<br>Email: Sales@imarcgroup.com<br>Tel No:(D) 91 120 433 0800 | http://www.imarcgroup.com<br>Americas :- 1 631 791 1145 | Africa and Europe :- 44-702-409-7331<br>Linkedin: https://www.linkedin.com/company/imarc-group
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Global Lubricant Additives Market Report, Historical Growth & Analysis of Top Key Players Copyright © IMARC Service Pvt Ltd. All Rights Reserved
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Report Description and Highlights Report Description Lubricant Additives Market Report By Type (Dispersants, Viscosity Index Improvers, Detergents, Antiwear and Antioxidants, Corrosion Inhibitors and Others), End-Use (Automotive Lubricant, Metalworking Fluid, Industrial Engine, Process Oil and Grease), Distribution Channel, Region The global lubricant additives market has witnessed a moderate growth over the past several years. Owing to increasing governmental interventions to achieve higher fuel economy along with the expanding automotive industry, the demand for lubricant additives is escalating across the globe. Market Overview: According to the latest report by IMARC Group, titled “Lubricant Additives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global lubricant additives market reached a value of US$ 15 Billion in 2017. Lubricant additives refer to chemicals that are designed and optimized to meet the performance requirements of engines. Over the years, a wide variety of hybrid compounds and blends have been engineered to create better additives which act as antioxidants and corrosion inhibitors in combustion engines as well as help in improving the viscosity of the oil and reducing oil decomposition. Many original equipment manufacturers (OEM), oil companies and lubricant additive manufacturers have collaborated to advance the fuel efficiency and durability of vehicles, and to reduce carbon emissions into the environment.
Report Description and Highlights Report Description • Market Trends: • Lubricant additives offer several advantages to the end-users, such as enhanced vehicle reliability, minimized costs, and reduced friction. Besides this, the development of advanced lubricant additives has helped in extending oil drain service intervals and improving engine durability while reducing CO2 emissions from cars and commercial vehicles. These lubricants also provide the vehicle manufacturers to meet warranty requirements such as protection of emission control systems as well as protect the owner’s investment in the vehicle. Moreover, the governments of various nations have invested in R&D activities for developing superior products that adhere to environmental regulations. Apart from this, the use of environment-friendly and renewable fuels will influence the demand for lubricant additives. Looking forward, the market is projected to reach a value of US$ 18 Billion by 2023, expanding at a CAGR of 3% during 2018-2023. • Lubricant Additives Market Segmentation: • Market Segmentation by Type • Dispersants • For more information, click here: https://www.imarcgroup.com/lubricant-additives-market
Market Forecast Sample Figure: Global: Lubricant Additives Market Forecast: Sales Value (in Billion US$), 2018-2023
Market Segmentation Report Description • Viscosity Index Improvers • Detergents • Antiwear and Antioxidants • Corrosion Inhibitors • Friction Modifiers • Emulsifiers • Based on type, the market has been segmented as dispersants, viscosity index improvers, detergents, anti-wear and antioxidants, corrosion inhibitors, friction modifiers and emulsifiers. Amongst these, dispersants dominate the market, holding the largest share. • Market Segmentation by End-Use • Automotive Lubricant • Metalworking Fluid • Industrial Engine • Process Oil • Grease • Request for a sample report: https://www.imarcgroup.com/request?type=report&id=1074&flag=B
Market Segmentation Report Description • On the basis of end-use, automotive lubricants represent the largest segment, accounting for the majority of the global share. Other major segments include metalworking fluids, industrial engine oils, process oils and greases. • Market Segmentation by Region • North America • Europe • Asia Pacific • Latin America • Middle East and Africa • Region-wise, Asia Pacific exhibits a clear dominance in the global lubricant additives market. Other major regions include North America, Europe, Middle East and Africa, and Latin America. • Market Segmentation by Distribution Channel • Retail • Institutional
Regional Segmentation North America Europe Asia- Pacific Middle East and Africa Latin America
Market Segmentation Report Description • The market has been categorized on the basis of distribution channels into institutional and retail. Currently, institutional is the leading distribution channel, dominating the global market. • Competitive Landscape: • The competitive landscape of the market has also been examined with some of the key players. • Arla Foods A.M.B. • Chevron Corp. • Afton Chemical Corporation • The Lubrizol Corporation • Infineum International Limited • BASF SE • BRB International BV • Wuxi South Petroleum Additive Co. • Others • In case you have a very specific customized or specific niche needs, we can work around the scope of work and assist you with the tailor made solution. The topics covered could be technology, markets, competition, pricing trends, P&L analysis, cost analysis, price bench marking or it could also be supplementing you with the weekly or fortnight reports.
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