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Lubricant and Fuel Additives Market Growth 2019-2024 - PowerPoint PPT Presentation


    Lubricant and Fuel Additives Market Growth 2019-2024 PowerPoint PPT Presentation

Lubricant and fuel additives is classified into additive package and single component according to the product type. As of 2018, additive package segment dominates the market contributing more than 74% of the total market share, reach to 4.18 million tons. Lubricant and fuel additives is major applied in automotive, Industrial and others industry, in 2018, demand for a automotive industry occupied the largest market, with 70% share, reach to 3.93 million tons.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. Selected additives are formulated into packages for use with a specific lubricant base stock and for a specified end-use application. – PowerPoint PPT presentation

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