Lubricant Additives Market Trends, Demand, Production, Analysis And Forecast To 2024 : Grand View Research Inc.
San Francisco, 16 April 2019: The Report Lubricant Additives Market Analysis By Product (Dispersants, Viscosity Index Modifiers, Detergents, Anti-Wear Additives, Antioxidants, Friction Modifiers), By Application (Automotive (HDV and LDV), Industrial (Metalworking Fluids, General Industrial Oil, Industrial Engine Oil)) And Segment Forecasts To 2024 The global Lubricant Additives Market is expected to reach USD 18.85 billion by 2024, according to a new report by Grand View Research, Inc. Stringent regulations regarding the permissible amount of carbon emission in the atmosphere are expected to remain a key driving factor for global lubricant additives market. Additive prices witnessed a significant decline in 2015 as a result of fluctuations in prices of key raw materials. Their prices are heavily dependent on prices of calcium carbonate, zinc metal, and crude oil. Viscosity index improvers were the leading product segment with demand share estimated at 23.3% in 2015. Fricti