Lubricant Additives Market Boosting the Growth Worldwide

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Abhishek

Uploaded on Jun 27, 2022

Category Business

The lubricant additives market was valued at US$ 15584.9 million in 2021 and is projected to reach US$ 19880.1 million by 2028; it is expected to register a CAGR of 3.5% from 2021 to 2028.Lubricant additives are used in the processing of synthetic lubricants, which are commonly used in the industrial and automotive sectors due to their superior characteristics to natural mineral oil. Thus, the flourishment of the industrial and automotive sectors boosts the demand for synthetic lubricants. Engine oil is the most commonly used lubricant in the automotive and industrial sectors. It has excellent physical and chemical properties, including a higher viscosity index, lower volatility, pour point, and greater thermal stability. The addition of additives such as viscosity modifiers, and pour point depressants in lubricants improves their physical and chemical properties.

Category Business

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Lubricant Additives  Market Boosting the Growth Worldwide

                     Lubricant Additives Market Global Analysis and
Forecast to 2028
Published Date : May 2022
 
Email: [email protected]
Email: [email protected]
Report Studies
 Lubricant Additives Market Forecast to 2028 - COVID-19 Impact and Global 
Analysis By Type (Dispersants, Viscosity Index Improvers, Detergents, Antiwear 
Agents, Emulsifiers, and Others) and Application (Automotive and Industrial)
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Lubricant Additives Market 
Overview
 The Lubricant Additives Market was valued at US$ 15584.9 million in 2021 and is projected 
to reach US$ 19880.1 million by 2028; it is expected to register a CAGR of 3.5% from 2021 
to 2028.
 Lubricant additives are used in the processing of synthetic lubricants, which are commonly 
used in the industrial and automotive sectors due to their superior characteristics to natural 
mineral oil.
 The major factor contributing to the growth of the market in this region is the growing 
demand for lubricant additives from the automotive and other manufacturing industries.
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Key Segment Market
Segment By Type:-
 By Type (Dispersants, Viscosity Index Improvers, Detergents, Antiwear Agents, Emulsifiers, 
and Others)
 Application (Automotive and Industrial)
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Here
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Lubricant Additives $50,000
 
Market Value $40,000
$30,000
CAGR of 3.5% 
$20,000
(2021 - 2028)
$10,000
$0
20XX 20XX 20XX 20XX 20XX
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Company Profiles
 Evonik Industries AG
 The Lubrizol Corporation
 LANXESS
 Nouryon
 Mol-lub Kft.
 Dover Chemical Corporation
 Croda International plc
 Chevron Corporation
 BASF SE
 EXXON MOBIL CORPORATION
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Here
Email: [email protected]
By Geography
 North America (the US, Canada, and Mexico)
 Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe)
 Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific)
 Middle East & Africa (the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & 
Africa)
 South & Central America (Brazil, Argentina, and the Rest of South & Central America).
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YOU! Phone : +1-646-491-9876
E-Mail : [email protected]

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