Based on sector, the market could span Industrial and Automotive. The “Automotive” segment led the market in 2017
and will continue to lead in the forecast period. The key factors that could attributed to the growth of market include
huge demand for engine oil from commercial vehicles and passenger cars. The growth is also driven by the attention
of manufacturers on research & development activities to formulate effective additives to decrease the emission and
surge the performance of automotive lubricants.
The key applications that could be explored in the lubricating oil additive market include Metalworking Fluid,
Hydraulics Fluid, Engine Oil, Process Oil, Gear Oil and Industrial Oil. The “Engine Oil” segment led the market in 2017
and will continue to lead in the forecast period. The key factors that could attributed to the growth of the market
include increasing motorization rate worldwide and the robust focus of additive manufacturers on research &
development activities.
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APAC accounted for the major share of the lubricating oil additive market in 2017 and will continue to lead in the
forecast period. The factors that could be attributed to the growth include rising demand for lubricants, particularly
from India, China, and other southeast Asian nations, and the huge investments in the industrial and automotive
sectors in this region.
Some of the key players that fuel the growth of the lubricating oil additive market comprise Wuxi South Petroleum
Additives, Clariant, Evonik Industries, Lubrizol Corporation, Total, Infineum, Chevron Ornate, Euro club, International
Petroleum & Additives Company Inc., Lanxess, Dorf Ketal, BRB International, Croda, Afton Chemical, Tianhe Chemicals
and BASF. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to
boost the inorganic growth of the industry.
Market Segment:
The reports help answer the following questions:
• What is the current size of the lubricating oil additive market in the world and in the top 10 global countries?
• How is the lubricating oil additive market divided into different product segments?
• How are the overall market and different product segments growing?
• How is the market predicted to develop in the future?
• What is te market potential compared to other countries?