Lubricating Oil Additive Market Key Players Profiles | Competitive Landscape | Industry Drivers

The Lubricating Oil Additive Market research report offers a complete breakdown of the industry scope, assumptions, segmentation, key strategies, revenue, shares, and size of top players. This syndicated research report also provides application, regional, product insights, and offers ready, data-driven answers to many industry-level questions.

Industry Overview:

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.

Key Players:

• Wuxi South Petroleum Additives
• Clariant
• Evonik Industries
• Lubrizol Corporation
• Infineum
• Chevron Ornate

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Growth Drivers:

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.

Market Segment:

Key Regions:

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America

Regional Insights:

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.

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