Uploaded on Nov 15, 2021
Lubricant additives are chemical compounds used to enhance the performance of lubricants formulations, development of hypoid gears, modern passengers car engines, steam turbines, marine, rail diesel engines and industrial processing machinery and other equipment help to offer performance benefits.
Lubricant Additives Market Share By Top Manufacturers, and Production Forecast till 2027
Lubricant Additives Market Share By Top
Manufacturers, and Production Forecast till 2027
Lubricant Additives Market, By Function (Dispersants and Emulsifier, Viscosity Index
Improves, Detergents, Corrosion Inhibitors, Oxidation Inhibitors, Extreme-pressure
Additives, Friction Modifiers and Others), Lubricant Type (Engine Oil, Hydraulic Oil,
Transmission Fluids, General Industrial Oils, Gear Oil, Metal Working Fluids, Grease and
Others), End-User (Automotive and Others Transportation, Power Generation, Heavy
Equipment, Metallurgy and Metal Working, Food Processing and Others), Country (U.S.,
Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K.,
Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China,
India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest
of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and
Africa) Industry Trends and Forecast to 2027
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Market Analysis and Insights
Lubricant additives are chemical compounds used to enhance the performance of
lubricants formulations, development of hypoid gears, modern passengers car engines,
steam turbines, marine, rail diesel engines and industrial processing machinery and
other equipment help to offer performance benefits.
Growing automotive industry, improved emission regulations in conjunction with fuel
economy standards and growing automotive industry are major factor driving the
growth of the market. Growing demand for lightweight and fuel efficient military aircraft
for counterterrorism and homeland security is the major factor to fuel the growth of the
market. Moreover, introduction of dual clutch transmission in which the gears can be
changed without interrupting the power flow from engine to the transmission, as the
transmission uses the lubricating fluid to reduce friction and will create growth
opportunities for lubricant additives market in the forecast period of 2020-2027.
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Major Key Players
Some of the major players operating in this market are :
• BASF SE
• Lanxess AG
• Afton Chemical
• Chevron Corporation
• BRB International
• Evonik Industries AG
• Croda International Plc
• Infineum International Limited
• The Lubrizol Corporation
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Market Segmentation
• By Function (Dispersants and Emulsifier, Viscosity Index Improves,
Detergents, Corrosion Inhibitors, Oxidation Inhibitors, Extreme-pressure
Additives, Friction Modifiers and Others)
• By Lubricant Type (Engine Oil, Hydraulic Oil, Transmission Fluids, General
Industrial Oils, Gear Oil, Metal Working Fluids, Grease and Others)
• By End-User (Automotive and Others Transportation, Power Generation,
Heavy Equipment, Metallurgy and Metal Working, Food Processing and
Others)
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Regional Analysis
Based on geography, the market is segmented into five geographical
regions
North America
Europe
Asia-Pacific
South America
Middle East
Africa
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