Market Research Insights

As per the report by Grand View Research, Inc., the  lubricant additives market  is poised to rise to a valuation of USD 18.85 billion and is estimated to witness a CAGR of 2.5% over the forecast period (2015-2024). Growing automobile, manufacturing, and construction industries, with no stringent environmental regulations, will drive the demand for modest quality lubricant additives. Strict rules regarding the permissible amount of carbon release in the atmosphere is anticipated to remain a major driving factor for lubricant additives in the years to come. In addition, easy availability and low labor cost of feedstocks are foremost factors that attract companies in the region. One of the major driving factors is rising automobile sales, mainly in passenger cars with long service intervals and high performance that will boost the demand for the market. In addition, emerging aftermarket for automobiles in developing economies and subsequent formation of domestic blend...

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...