The
global lubricant additives market with analysis and forecast of the
global volume. The report observes that the global consumption of
lubricant additives stood at 4,093.45 kilo tons in 2013 and is
expected to reach 4,934.61 kilo tons by 2020, at a CAGR of 2.66% from
2014 to 2020.
In-depth
research report on Lubricant
Additives Market with
Full TOC at :
http://www.transparencymarketresearch.com/lubricant-additives-market.html
Key
product segments analyzed in this study include viscosity index (VI)
improvers, pour point depressants (PPD), detergents, dispersants,
antioxidants, and other additives. The others segment includes
additives such as corrosion inhibitors, anti-wear additives, metal
deactivators, and extreme pressure additives. The antioxidants
segment was further sub-segmented, based on type, into hindered
phenolics, aromatic amines, and other antioxidants. In 2013,
dispersants was the largest segment in terms of volume and accounted
for more than 20% of the market share. Lubricant additives are
blended with base oils to produce finished lubricants. These
additives perform different functions to enhance the life and
performance of finished lubricants. High performance by these
additives also increases the life span of machinery and reduces
maintenance cost. Lubricant additives are used in industries such as
automobile, marine, aviation, and power.
VI
improvers reduce the viscosity of engine oils that results in better
performance and lower carbon emissions. Dispersants prevent formation
of varnish, sludge, and other deposits on critical surfaces of
engines. PPDs boost the operational range of engine oils by
interfering with the wax crystal growth patterns. Demulsifiers
prevent formation of emulsion by altering the surface tension of the
oil. Friction modifiers are long-chain polar additives that are added
to reduce the surface friction of lubricated parts. Detergents
function as chemical cleaners to guard combustion surfaces against
harmful deposits and combustion acids. Antioxidant agents, also known
as oxidation inhibitors, can successfully improve oxidation stability
by deactivating catalytic metallic contaminants and by decomposing
any formed reactive hydro peroxides within the oil. Similarly,
anti-wear agents, foam inhibitors, rust inhibitors, and extreme
pressure additives are added to impart specific properties to the
finished lubricants.
Some
of the key players in the lubricant additives market include
NewMarket Corporation, Infineum International Limited, Chevron
Oronite Company LLC., The Lubrizol Corporation, and Tianhe Chemicals
Group Limited. These companies compete with each other to increase
their market share in the lubricant additives market. Research and
development (R&D) to develop improved products is crucial to
capture market share. It is difficult for a new company to enter the
market, as it entails high investments for production facility and
R&D activities. Most companies in the market produce specific
additives. Only a few companies are active in the multi-line
lubricant additives business.
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Lubricant
Additives Market: Product Analysis
- VI Improvers
- PPD (Pour Point Depressants)
- Detergents
- Dispersants
- Antioxidants
- Other Additives (Corrosion inhibitors, Metal deactivators, Anti-wear additives, etc.)
Lubricant
Additives Market: Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East
- RoW (Rest of the world)
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