Lubricant Additives Market worth $16.2 billion by 2019

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MarketsandMarkets Presents

• Lubricant Additives Market worth 16.2 billion by
  2019

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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.
• 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)

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• 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.
• Asia-Pacific, being the global manufacturing hub
  of the world, is the largest market for lubricant
  additives. Emerging economies such as China and
  India, and growing activities in the
  construction, industrial and automotive sector
  provide a further push to the market. Lower cost
  of production has provided a great opportunity
  for the global players to place them in the
  Asia-Pacific region, especially, in the
  developing nations such as China and India.

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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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