Besides the key application areas, i.e., automotive, and marine/industrial engines, lubricating oil additives find extensive application across engineering plastics that are applied in aerospace components. This is predominantly driving the growth of lubricating oil additives market. A new Fairfield Market Research study intends to assess the growth outlook of global lubricating oil additives market and deliver a growth forecast for the same for the next few years. Increasing adoption of these additives in auto engines for enhanced fuel economy, improved regulatory compliance, and reduced emission will also push the growth prospects of market. However, the report also marks that as the boom around electric and hybrid electric vehicles (EVs, and HEVs) grows denser, it would pose a serious threat to lubricating oil additives market. Entry of EVs in the mainstream will lead to dramatically reduced demand for oils and oil additives.
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Automotive Industry Continues to be the Top Revenue Generator
Rampant growth of automotive industry, and the mounting rate of car ownership collectively uphold the demand surge in lubricating oil additives. The latter has been seen as a prominent trend across developing economies rather than in the developed nations. While auto industry continues to be the top demand generator for oil additive producers, regulatory guidelines are now prompting automakers to opt for more efficient and environment-friendly lubricants, and additives. This will remain an important trend in market. Incessant sales of passenger cars, and a wide range of transportation machines are expected to warrant automotive industry as the top revenue contributor for lubricating oil additives market.
Engine Oil to Lead Global Lubricating Oil Additives Market
Engine oils remains the largest application category for lubricating oil additives and some of the most sought-after additive types include antioxidants, corrosion inhibitors, detergents, and dispersants. Among these, antioxidants are expected to remain one of the most common types of lubricating oil additives as they efficiently serve to prevent the formation of harmful deposits that account for premature wearing and overheating of the various engine parts. Sustained preference for antioxidants is also attributed to its protective action against rust, and corrosion. Corrosion inhibitors will be another popular category, especially for metal surfaces.
Asia Pacific Remains at the Forefront of Revenue Generation
Unprecedented expansion of automotive industry, and several industrial sectors will continue to account for the most attractive market positioning of Asia Pacific, especially China, Japan, and India. The market in Asia Pacific is projected to remain at the forefront, exhibiting the faster growth over the next few years. Europe, and North America will follow, led by the UK, and Mexico, respectively. Initial findings of the report suggest that the European market will continue to witness the primacy of Germany in terms of revenue generation in lubricating oil additives landscape.
Vendor Landscape of Global Lubricating Oil Additives Market
ExxonMobil, Chevron Corporation, Royal Dutch Shell, and Total S.A. constitute the top players collectively holding a dominant share of around 43% in global lubricating oil additives market. The competition landscape would be thoroughly analysed in the report to reveal some exclusive insights on the financial and strategic profiles of the leading companies driving the competition landscape of lubricating oil additives market. Besides the top four, some of the profiled players include Valvoline Inc., BP plc, Addax Petroleum Company, Idemitsu Kosan Co. Ltd., and Fuchs Petrolub SE.
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UpMarketResearch offers a latest published report on “Global Lubricating Oil Additives Market Industry Analysis and Forecast 2018-2023” delivering key insights and providing a competitive advantage to clients through a detailed report.
Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Get FREE Exclusive PDF Sample Copy of This Report @ https://www.upmarketresearch.com/home/requested_sample/1946 The scope of the report extends from market scenarios to comparative pricing between major players, cost and profit of the specified market regions.
The generated report is firmly based on primary research, interviews with top executives, news sources and information insiders.
Region-wise Analysis Global Lubricating Oil Additives Market covers: • North America • Europe • China • Japan • Southeast Asia • India The Report covers in-depth analysis as follows: • Chapter 1 Lubricating Oil Additives Market Overview • Chapter 2 Global Economic Impact on Lubricating Oil Additives Industry • Chapter 3 Global Lubricating Oil Additives Market Competition by Manufacturers • Chapter 4 Global Lubricating Oil Additives Production, Revenue (Value) by Region (2013-2018) • Chapter 5 Global Lubricating Oil Additives Supply (Production), Consumption, Export, Import by Regions (2013-2018) • Chapter 6 Global Lubricating Oil Additives Production, Revenue (Value), Price Trend by Type • Chapter 7 Global Lubricating Oil Additives Market Analysis by Application • Chapter 8 Global Lubricating Oil Additives Manufacturers Analysis • Chapter 9 Lubricating Oil Additives Manufacturing Cost Analysis • Chapter 10 Industrial Chain, Sourcing Strategy and Downstream Buyers • Chapter 11 Marketing Strategy Analysis, Distributors/Traders • Chapter 12 Market Effect Factors Analysis • Chapter 13 Global Lubricating Oil Additives Market Forecast (2018-2023) Gain Full Access of Lubricating Oil Additives market industry analysis & forecast 2018-2023 along with complete TOC @ https://www.upmarketresearch.com/reports/Global-Lubricating-Oil-Additives-Industry-Market-Analysis-Forecast-2018-2023“Lubricating Oil Additives Market Industry Analysis and Forecast 2018-2023” report helps the clients to take business decisions and to understand strategies of major players in the industry.
The report also calls for market-driven results deriving feasibility studies for client needs.
Increasing disposable income, technologically advanced products, and rising demand from the automotive and industrial sector are some of the reasons fueling the market growth during the forecast years.Market Size – USD 15.42 Billion in 2018, Market Growth - CAGR of 2.8%, Market trends – industrialization, and growth in the automotive industryAccording to the current analysis of Reports and Data, the global Lubricative Oil Adhesive market was valued at USD 15.42 Billion in 2018 and is expected to reach USD 19.24 Billion by the year 2026, at a CAGR of 3.3%.
Lubricating oil additives are chemical compounds that enhance the performance of functional oils and lubricants.The lubricating oil additives enhance the performance of the lubricants and fluids thus are responsible for providing an efficient and economical performance of machines and appliances.
Rapidly increasing transportation, rising demand for engine oil from passenger cars and commercial vehicles, growing automotive and industrial industry, improved regulations regarding fuel emissions and the advantages of additives to reduce emission and increase the efficiency of automobiles and lubricants are the factors driving the growth of lubricant oil additives market.
Lubricant performance is enhanced through additive, which is substance synthesized for anti-friction properties and improve the chemical and physical properties of base oils, also increasing the equipment life.The lubricating-oil additives are fabricated for the betterment of anti-friction, resistance against chemical, and it has physical properties of oils which comprise of mineral, synthetic, vegetable, that shows improved lubrication features and uplifted the machines life.In lubricant detergent, which is additives are added to neutralize the strong acid present.
There are antioxidant which inhibits oxidation process in the Oil.Lubricating oil additives are finding a broader platform as internet penetration among the region population has increased considerably.
Through this, the lubricant marketers are trying to optimize their supply chain operation and minimizing the cost.
