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The global demand for lubricant additives stood nearly at US$ 15.72 Bn in 2018 and is projected to reach over US$ 18.5 Bn by 2027. Lubricant additives are blended with base oils to produce finished lubricants.
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Lubricant Additives Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019- 2027 ©2019 Transparency Market Research, All Rights Reserved
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Lubricant Additives Marketto Reach Valuation of US$ 18 BILLIONby 2027 The global lubricant additive market is projected to grow at a CAGR of nearly 2% between 2019 and 2027. Technological advancement and changing government regulations for emissions is likely to impact the growth for lubricant additives market. Global demand for lubricant additives is expected to increase in the near future on account of rising demand from the industrial machinery, automotive, marine, and power sector ©2019 Transparency Market Research, All Rights Reserved
Key players Key players operating in the Lubricant Additives Market are: • NewMarketCorporation • Infineum International Limited • Chevron Oronite Company LLC. • The Lubrizol Corporation • Tianhe Chemicals Group Limited
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