Lubricant Additives Market - Forecast(2022 - 2027)

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Lubricant Additives Market - Forecast(2022 -
2027)Market size, Industry outlook, Market
Forecast, Demand Analysis, Market Share, Market
Report 2021-2026
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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 -
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