Lubricating oil additives (LOAs) are used to enhance the performance of lubricants and functional fluids. Each additive is selected for its ability to perform one or more specific functions in combination with other additives.
Market Analysis and Insights: Global Lubricating Oil Additives Market
Due to the COVID-19 pandemic, the global Lubricating Oil Additives market size is estimated to be worth US$ 12500 million in 2022 and is forecast to a readjusted size of US$ 14080 million by 2028 with a CAGR of 2.0% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Dispersants accounting for % of the Lubricating Oil Additives global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Engine Oil segment is altered to an % CAGR throughout this forecast period.
Asia Pacific is estimated to account for a major share of the overall lubricating oil additives market in 2018, due to the large demand for additives from the automotive and industrial sectors of countries such as China, India, and other southeast Asian countries.
Global Lubricating Oil Additives Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Lubricating Oil Additives Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Dispersants
Detergents
Anti-oxidants
Anti-Wear Agents
Extreme Pressure Additives
Viscosity Index Improvers
Segment by Application
Engine Oil
Gear Oil
Process Oil
Industrial Oil
Hydraulics Fluid
Metalworking Fluid
By Company
Lubrizol
Chevron Oronite
Afton Chemical
Infineum
Evonik Industries
BASF
Lanxess
Croda
BRB International
Total
Tianhe Chemicals
Jinzhou Kangtai Lubricant Additives
Wuxi South Petroleum Additives
Jinzhou Runda Chemical
Midcontinental Chemical Company
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina