Lubricant Additives Market - Forecast(2022 - 2027) - PowerPoint PPT Presentation

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Lubricant Additives Market - Forecast(2022 - 2027)

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Lubricant Additive Market size is estimated to reach US$22.3billion by 2027 after growing at a CAGR of 3.2% during the forecast period 2022 – 2027. – PowerPoint PPT presentation

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Title: Lubricant Additives Market - Forecast(2022 - 2027)


1
Lubricant Additives Market - Forecast(2022 -
2027)Market size, Industry outlook, Market
Forecast, Demand Analysis, Market Share, Market
Report 2021-2026
Contact Venkat Reddy sales_at_industryarc.com
(1) 970-236-3677
2
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  • Lubricant Additive Market size is estimated to
    reach US22.3billion by 2027 after growing at a
    CAGR of 3.2 during the forecast period 2022
    2027. Lubricant additives are the chemical
    compounds that when are dissolved or suspended as
    solids in oils, enhance oils functioning by
    forming an oil film that converts solid friction
    into liquid friction which prevents heating and
    abrasion of metal parts.
  • Different types of additives have different
    functions like anti-wear additives and corrosion
    inhibitors enhance existing base oil properties,
    viscosity index improvers suppress undesirable
    base oil properties, dispersants additives impart
    new properties to base oil like neutralizing acid
    formed in the oil.

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Key Takeaways
  • Bio-lubricants are becoming a suitable
    replacement for petroleum-based lubricants as
    they provide better lubricity, high flashpoint,
    high viscosity index. And as bio-based lubricants
    are derived from bio-based raw material, so they
    are environmentally friendly.
  • Asia-Pacific region dominates the lubricant
    additive market, industrial and automotive sector
    in countries like China, India, Japan is rapidly
    advancing. The region has become a global
    manufacturing and commercial hub where several
    major companies are planning to invest to expand
    their global image


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  • By Distribution Channel- Segment Analysis
  • Engine oil held the largest share in the
    lubricant additive market in 2021, with a share
    of over 30. As it helps to preserve engine
    performance, reduce wear and tear of machinery,
    provide prolonged life to it with consistent use,
    therefore it is used for all different kinds of
    machinery and engines. They are also used in
    heavy industrial equipment such as automobiles or
    construction equipment. For instance, as per the
    State Council for the Peoples Republic of China,
    in July 2021 China has approved projects related
    to the development of affordable rental homes for
    better access to housing in Chinas big cities.

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  • Lubricant Additives Market  
  • Industry Outlook 
  • Afton Chemical Corporation
  • Azko Nobel
  • Shell International B.V
  • China National Petroleum Corporation
  • Chevron Corporation
  • Evonik Industries
  • Lubrizol Corporation

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Lubricant Additives Market - Forecast(2022 -
2027) Learn More About the Report _at_
https//www.industryarc.com/Report/11708/lubrican
t-additives-market.html
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  • You Can Customize the Report as Per Your Need.
    We have included Some Customization Options
  • Company Profile
  • Analyst Briefing
  • Data Tables
  • Key Contacts
  • Free Customization
  • Purchase Full Report _at_ https//www.industryarc.com
    /pdfdownload.php?id11708

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For More Details Contact Venkat
Reddy Contact (1) 970-236-3677 Email
sales_at_industryarc.com Connect with us on LinkedIn
_at_ http//www.linkedin.com/company/industryarc
Contact (1) 970-236-3677
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