ALBANY, N.Y.--(BUSINESS WIRE)--Transparency Market Research has recently published a new research report titled “Lubricant Additives Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020.” This report discusses how the overall percentage of lubricant additives in the finished lubricants highly varies with the end-use application. Lubricants are certainly considered as the most essential element for smooth and everyday functioning of machinery, and thus, the overall market is anticipated to increase at a healthy rate in the near future.
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This study report analyzes the global demand for lubricant additives and provides forecasts and estimates for the overall market from a consumption point of view. The lubricants market is witnessing high growth due to strict emission standards (low-emission fuels) and increasing number of passenger cars in developing countries, especially in the European and North American regions. In order to provide a holistic view of the lubricants additives market, the report analyzes and provides in-depth details about various key product segments. These include detergents, dispersants, viscosity index (VI) improvers, pour point depressants (PPD), and others.
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The major end-user applications of the lubricants additives market are automotive lubricants and industrial lubricants. Several environmental regulations and frequent amendments in emission norms have been discussed in this study report, which has further proven that automotive industry is the largest consumer of the lubricant additives market. The report also provides analysis through value-chain analysis and Porter’s Five Forces model. Market data for lubricants additives have been provided for different geographic regions like Europe, the Middle East, North America, and the RoW. Some of the key players profiled in the lubricants additives market include BASF SE, Evonik Industries AG, Infineum International Limited, Chevron Oronite Company, LLC., and Tianhe Chemicals Group Limited.
Press Release: http://www.transparencymarketresearch.com/pressrelease/lubricant-additives-market.htm
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