Global Lubricating Oil Additives Market to reach USD 19.3 billion by 2025 | CAGR:3.2%
Global Lubricating Oil Additives Market is valued at USD 14.56 billion in 2016 is anticipated to grow USD 19.3 billion with the compounded annual growth of 3.2% over the forecast period 2017-2025.
New York 1 June 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Lubricating Oil Additives industry is poised to raise USD 14.9 billion by 2025. The driving factor for the Lubricating oil additives market are the Stringent regulations regarding the permissible amount of carbon emission in the atmosphere and these are expected to remain a key driving factor for global lubricant additives market To view the summary or to request a sample copy of this report, please click the link mentioned below:
Global Lubricating Oil Additives Market Size Estimates and By Additives Type (Detergents, Anti-wear, Antioxidants, Emulsifiers, Others) By Application (Engine Oil,Gear Oil, Process Oil, Industrial Oil, Hydraulics Fluid, Metalworking Fluid) By End-Use (Automotive Lubricants, Industrial Lubricants) and by Region (North America, Europe, Asia Pacific, Latin America and Rest of the World) 2017-2025
The industry is seeming to be fairly competitive. Some of the leading market players include Chevron Oronite, Afton Chemical, and Lubrizol, BASF, Evonik Industries, Chemtura Corporation, Shamrock Shipping & Trading Limited, Infinium International Limited, IOCL, Croda International plc, and Tianhe Chemicals Group. New product launches, acquisitions, and mergers are some of the strategies adopted by the key manufacturers. Additionally, the fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The Asia Pacific region estimated for dominating the Lubricating Oil Additives market during the forecast period.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation by around XX%
- Asia PacificLubricating Oil Additives market is estimated to grow at the highest CAGR during the forecast period.
- Automotive lubricants were the largest application segment and accounted for over 59.5% of total market volume.
Bizwit Research & Consulting LLP has considered the following segments for the study:
- By Additives Type
- By Sector
- Automotive Lubricants
- Industrial Lubricants
- By Application
- Engine Oil
- Gear Oil
- Process Oil
- Industrial Oil
- Hydraulics Fluid
- Metalworking Fluid
- North America
- Asia Pacific
- Rest of the World