Lubricant Additives Market Size, Share, and Analysis, By Type (Antioxidants, Improvers, Detergents, Viscosity Index Improvers, Dispersants, Friction Modifiers, Corrosion Inhibitors, Anti-Wear Additives, Others), By Application (Automotive {Passenger Car M

Lubricant Additives Market Size, Share, and Analysis, By Type (Antioxidants, Improvers, Detergents, Viscosity Index Improvers, Dispersants, Friction Modifiers, Corrosion Inhibitors, Anti-Wear Additives, Others), By Application (Automotive {Passenger Car Motor Oil, Heavy Duty Motor Oil, Others}, Industrial {Metal Working Fluid, General Industrial Oil, Industrial Engine Oil, Others}), By Lubricant Type (Engine Oil, Metalworking Fluid, Process Oil, Transmission & Hydraulic Fluid, General Industrial Oil, Grease, Gear Oil, Others) and Regional Forecasts, 2022-2032

PRODUCT OVERVIEW

Lubricant Additives Market size was USD 16.85 billion in 2021 and projected to grow from USD 17.8 billion in 2023 to USD 23.1 billion by 2032, exhibiting a CAGR of 2.9% during the forecast period.
Lubricant additives are chemical compounds that provide several functions when utilized in different rate of treatments. Lubricant additives when combined with base oils generate finished lubricants. Additives possess several functions to enhance the existence and generation of finished lubricants. The utilization of lubricant additives is important in passenger car, heavy-duty lubricants, metalworking fluids and mechanical engine oils. Lubricant additives play an important role in energy and emissions management in different automobile and end-use industries.

MARKET HIGHLIGHTS

Lubricant Additives Market is expected to reach USD 23.1 billion, growing at a CAGR of 2.9% during forecast period owing to the increasing demand for lubricant additives in the automotive industry. The purchase of passenger and commercial vehicles is increasing which is anticipated to drive the lubricant additives market in the forecast period. The increasing living standards, varying customer preferences and growing per income are expected to boost the growth of the market. Growing export opportunities for lubricating oil additives may also drive the market growth.

Lubricant Additives Market Segments:

Type
Antioxidants
Improvers
Detergents
Viscosity Index Improvers
Dispersants
Friction Modifiers
Corrosion Inhibitors
Anti-Wear Additives
Others
Application
Automotive {Passenger Car Motor Oil, Heavy Duty Motor Oil, Others}
Industrial {Metal Working Fluid, General Industrial Oil, Industrial Engine Oil, Others}
Lubricant Type
Engine Oil
Metalworking Fluid
Process Oil
Transmission & Hydraulic Fluid
General Industrial Oil
Grease
Gear Oil
Others

MARKET DYNAMICS

Growth Drivers

Rapid Industrialization is Expected to Boost the Growth of the Market
Advancements in Technology is Expected to Boost the Growth of the Market

Restraint

Variable Price of Raw Material May Restrain the Growth of the Market

Key Players

Dorfketal Chemicals (I) Pvt. Ltd
King Industries Inc.
BASF SE
Multisol
Infineum International Limited
DOVER CHEMICAL CORPORATION
Chevron Corporation
Evonik Industries AG
Lanxess
D.O.G Chemie
Jinzhou Kangtai Lubricant Additives Co. Ltd
Afton Chemical
Vanderbilt Holding Company Inc.
BRB International
Shepherd Chemical
Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Global Laboratory Temperature Control Units Market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Reasons to Purchase this Report

Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
3-month post-sales analyst support.

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