Lubricant Additives Market worth $16.2 billion by 2019

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MarketsandMarkets Presents
Lubricant Additives Market worth 4,865 KT by 2019
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bricant-additives-market-172993846.html
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The report "Lubricant Additives Market by
Function Type (Dispersants, VII, Detergents,
Antiwear, Antioxidants, Corrosion inhibitors,
Emulsifiers, Others), and Application
(Automotive Industrial Lubricants) - Global
Trends Forecast to 2019" defines and segments
the lubricant additives market with an analysis
and forecast of the market volume and value. The
lubricant additives market value will grow to
16.2 billion by 2019, at a CAGR of 2.7 from
2014 to 2019. Browse gtgt 106
data tables 27 figures
220 pages and in-depth TOC on Lubricant
Additives Market   http//www.marketsandmarkets.
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93846.html Early buyers will receive 10
customization on this reports.
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The lubricant additives market is mainly driven
by high growth in the developing nations along
with efforts towards fuel economy. In order to
achieve fuel economy, extensive research is being
done to improve lubricant additives properties
and characteristics in order to comply with the
technological changes in modern engines and
accessories. Technological know-how with fast
changing developments is must to track and keep
pace with futuristic technologies like DCT (Dual
Clutch Technology). Economic restraints and
reduction of oil drain intervals due to longevity
of high quality fuels in developed nations are
the major restraints in the recent years. This
leads to the slowdown of the lubricant additives
business in the Europe region. The Asia-Pacific
region is the potential emerging market due to
demand and developments in automotive and
industrial segments. Asia-Pacific markets are
price sensitive and are driving the global
players to set-up and expand their business by
offering lower cost of production. The leading
players in the market include BASF (Germany),
Afton Chemical Corporation (U.S.), The Lubrizol
Corporation (U.S.), and Infineum International
Limited (U.K.) along with Tianhe Chemicals Group
(China) as the leading regional player in APAC.
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bricant-additives-market-172993846.html
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The report covers the lubricant additives market
and its trends that concern five regions, namely,
North America, Europe, Asia-Pacific, Latin
America and Middle East Africa (MEA). Various
applications based on end-use industry, namely,
automotive lubricants and industrial lubricants
are covered. These have been further broken down
by their respective sub segments, such as, heavy
duty motor oil (HDMO), passenger car motor oil
(PCMO) and other automotive for automotive
lubricants and metal working fluids, industrial
engine oils, general industrial oils and others
for industrial lubricant. Lubricant additives by
function types, Dispersants, VII, Detergents,
Antiwear, Antioxidants, Corrosion inhibitors,
Emulsifiers, Friction Modifiers, EP, PPDs along
with others, have also been studied.
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