Research and Markets: Global Lubricant Additives (Dispersants, VII, Detergents, Antiwear, Antioxidants, Corrosion inhibitors, Emulsifiers, & Others) Market 2014-2019 - Function Type and Application Analysis
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/h57rfh/lubricant) has announced the addition of the "Lubricant Additives Market by Function Type and Application - Global Trends & Forecast to 2019" report to their offering.
“Lubricant Additives Market by Function Type and Application - Global Trends & Forecast to 2019”
The lubricant additive market is expected to grow at a CAGR of 2.7%, by value, over the next five years, to reach $16.2 billion by 2019.
Asia-Pacific, with its flourishing economy and rapidly expanding industrial and automotive sectors, is the leading consumer of lubricant additives and will experience the highest growth in demand from 2014 to 2019, followed by North America.
Indeed, the major driving factors of this market are the emerging economies in the Asia-Pacific region, as it accounts for nearly 30% of the lubricant additive demand. The growing construction, manufacturing, and automobile industries, with no strict environmental regulations, fuels the demand for moderate quality lubricant additives, due to price sensitivity in the region.
This has made Asia-Pacific a global manufacturing and commercial hub where several major companies are setting up their new plants to target high growth markets. Cheap labor and easy availability of feedstocks are major factors that attract manufacturers in the region. Europe and North America, on the other hand, have several environmental regulations that drive the market of alternative fuels, which includes compressed natural gas (CNG), liquefied petroleum gas (LPG), and bio lubricants. This is expected to decrease the demand for lubricants, because their life increase with these fuels, resulting in delayed oil change intervals.
For this report, various secondary sources, such as, directories, technical handbooks, company annual reports, industry association publications, chemical magazine articles, world economic outlook, trade websites, and databases have been referred to identify and collect information useful for this extensive commercial study of the lubricant additives market. The primary sources-experts from related industries and suppliers-have been interviewed to obtain and verify critical information, as well as to assess future prospects and market estimations.
Scope of the report:
On the basis of lubricant additive type:
- VI Improvers
- Corrosion Inhibitors
- Friction Modifiers
- Extreme Pressure (EP)
- Pour Point Depressants (PPD)
On the basis of application:
- Automotive lubricants
- Heavy duty motor oil (HDMO)
- Passenger car motor oil (PCMO)
- Other Automotive
- Industrial Lubricant
- Metal Working Fluids
- Industrial Engine Oils
- General Industrial Oils
- Afton Chemical Corporation
- BASF SE
- Chemtura Corporation
- Chevron Oronite Company LLC
- Croda International PLC
- Evonik Industries AG
- Infineum International Ltd.
- The Lubrizol Corporation
- Shamrock Shipping and Trading Limited
- Tianhe Chemicals Group
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