The
research report provides an in-depth analysis of the global lubricant
additives market, including the growth prospects and strategic inputs
from industry experts.According to the findings of the research
report, the global lubricant additives market in 2013 was 4093 kilo
tons and is further anticipated to be 4934.61 kilo tons by the end of
2020 in terms of volume. The global lubricant additives market is
projected to grow positively at 2.66% CAGR between 2014 and 2020.
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Lubricant Additives Market Report with Full TOC at
http://www.transparencymarketresearch.com/lubricant-additives-market.html
The
rigid regulations regarding emission and rising count of vehicles are
boosting the demand in the global lubricant additives market.
Moreover, the technological up-gradation for reducing amount of
sulphated ash, phosphorous, and sulfur (SAPS) has enhanced
opportunities for the manufacturers in the global lubricants
additives market to capitalize on. However, longer engine oil drain
interval is a hindrance that the market needs to address in order to
ensure sustainable growth in the near future.Lubricants are vital
components used for a smooth and efficient functioning of machinery.
Lubricants reduce the friction, reduce the wear and tear, and acts as
a coolant. As a result, the lifetime of the machinery is extended.
These lubricants are produced by blending additives with base oils.
The global lubricant additives market has been segmented on the basis
of its products such as dispersants, pour point depressants (PPD), VI
Improvers, detergents, and other additives. The others segment
further includes corrosion inhibitors, metal deactivators, and
anti-wear additives. On the basis of volume, the other segment
dominated the global lubricant additives market, accounting more than
28% of the total share in 2013.
The
global lubricant additives market has been geographically segmented
into broad regions such as Middle East, North America, Europe, Asia
Pacific, and Rest of the World. Among all the regions, in 2013 Asia
Pacific accounted for the largest share of the global lubricant
additives market. The region held 30% of the overall share on the
basis of volume. In North America and Europe, the permissible limits
for emission are very low owing to the rigid emission regulations.
However, the high disposable income encourages high quality
lubricants additives in these regions.
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The
research report further provides a detailed analysis of the market
players operating in the global lubricant additives market. Some of
the prominent players include Rhein Chemie Rheinau GmbH, Tianhe
Chemicals Group Limited, Chevron Oronite Company LLC., NewMarket
Corporation, Chemtura Corporation, BASF SE, Infineum International
Limited, The Lubrizol Corporation, and Evonik Industries AG. Most of
the players are trying to penetrate the most attractive Asia Pacific
lubricant additives market by expanding their manufacturing
capacities in this region.
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