Market Research Analysis Lubricating Oil Additive Market Analysis - Trends,

Lubricating Oil Additive Market Trends, Growth,
Type and Application, Manufacturers, Regions &
forecast to 2022
“Lubricating oil additives are chemical composites added to
lubricating oil to bring new properties or improve the existing
properties of the base oil. The factors that propel the growth of
the market include increasing demand from the automotive
industry and industrial growth in developing economies.”
Global Lubricating Oil Additive Market is anticipated to witness exponential growth in the forecast period. Lubricating
oil additives are chemical composites added to lubricating oil to bring new properties or improve the existing
properties of the base oil. The factors that propel the growth of the market include increasing demand from the
automotive industry and industrial growth in developing economies.
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On the other hand, there are factors that may hamper the growth of the market including shifting raw material prices
and increasing sales of electric vehicles. Globally, market is anticipated to grow at a significant CAGR in the upcoming
period as the scope, product types, and its applications are increasing across the globe.
The market may be explored by functional type, application, sector, and geography. Market may be explored by
functional type as Anti-oxidants, Dispersants, Viscosity Index Improvers, Detergents, Extreme Pressure Additives and
Anti-Wear Agents. The “Oxidation Inhibitors” segment led the lubricating oil additive market in 2017 and will continue
to lead in the forecast period.