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Global Lubricant Additives Market Insight
2022-01-27 Comments

According to the World Knowledge Information (WKI) Global Lubricant Additives Market Research Report, the market is expected to recover, trailing a post- COVID-19 CAGR of 2.21% over the analysis period 2021 to 2026.
Analysts’ Viewpoint
Lubricant Additives are used for various machines. Advances in machinery are the major driver for lubricant upgrades. Overall, lubricating oil additives are consumed primarily in auto vehicle lubricants. The auto vehicle industry has become important for lubricants technology and markets. Taking into account the rapid growth of emerging economies,such as India and Brazil, and the impact of the Fed’s suspension of balance sheet reduction on the global economy, the annual demand for lubricant additives has entered a rising period.
But, with the development of sustainable strategy in modern global, traditional industries have been vigorously reformed, and downstream industries such as steel have become increasingly sluggish, posing challenges to the development of industrial lubricants.
Market insight:
Modern oils and greases utilise a large range of advanced additives to add advantageous properties. They typically range between 0.1% to 30% of the oil volume, depending on the application. The incorporation of an additive into a lubricant solution can serve to improve an existing base oil property, reduce the presence of an undesirable base oil property or incorporate novel properties into the lubricant.A number of factors are currently catalysing the global demand for lubricant additives.
Competition Landscape:
List of Companies Covered: BASF,Lubrizol,Infineum,Chevron,NewMarket,CNPC.
BEIJING – CNPC has began supplying a variety of lubricants-related products in 2017, including lube additives, in a bid to gain new clients and fight for market share.
CNPC is not going to sell oils only, Zhai Yuekui, vice general manager of CNPCs newly established additives unit, told Lube Report Asia at a Sept. 21 press conference here. We aim to be a technology solution provider that covers oils, additives, greases and car-care products.
Segmentation of Lubricant Additives Market:According to the type,the market for lubricant additives is divided into: surface protective additives,performance additives,lubricant protective additives. The selection of additives is largely dependent on the lubricant’s end-use, such as in automotive engines, hydraulic systems, gears, and bearings, their usage varies accordingly.
Lubricant Additives: Regional Analysis
In terms of geography, the global lubricant additives market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.
APAC accounted for the largest share of the lubricating oil additives market, in terms of volume, followed by North America, and Europe. According to the WKI market report,APAC is also projected to register the highest CAGR in terms of volume between 2021 and 2026.
Cagr: 2.21
Largest share area:Asia
Largest share country:China