Lubricant Additives Market Progress, Industry Traits To 2017 By Grand View Research, Inc
Grand View Analysis.com has introduced the addition of “Lubricant Additives Market Evaluation and Phase Forecasts To 2024” Market Analysis report back to their Database.
The global lubricant additives market is expected to achieve USD 18.85 billion by 2024, in line with a brand new report by Grand View Analysis, Inc. Stringent laws relating to the permissible amount of carbon emission within the ambiance are expected to stay a key driving factor for global lubricant additives market. Additive prices witnessed a big decline in 2015 petroleum products manufacturers in chennai news as a result of fluctuations in costs of key uncooked supplies. Their prices are closely dependent on costs of calcium carbonate, zinc metallic, and crude oil.
Viscosity index improvers were the main product section with demand share estimated at 23.3% in 2015. Friction modifiers, which act as a cushion between two coated surfaces thereby minimizing floor contacts, are expected to register highest volume growth of 3.5% over the forecast interval.
Browse full research report on Global Lubricant Additives Market: http://www.grandviewresearch.com/business-analysis/lubricant-additives-market
Further key findings from the report suggest:
International lubricant additives market demand was4.28 million tons in 2015 and is anticipated to succeed in 5.36 million tons by 2024, rising at a CAGR of 2.5%from 2015 to 2024
Automotive lubricants had been the most important application phase and accounted for over fifty nine.5% of complete market volume in 2015. Growing passenger automobile production and consequent sales significantly in China, India, Thailand, and Indonesia is expected to drive this phase over the forecast period.
Basic industrial oils had been the biggest section for industrial lubricants and accounted for over 35% of its quantity in 2015. Restoration of manufacturing sectors in North America and Europe along with excessive industrial output in Asian markets is anticipated to drive the section progress.
Passenger automobile motor oil was the main section for automotive lubricant additives with its demand estimated at over 900 kilo tons in 2015. Kinetic Energy Consumption is anticipated to be pushed by developing aftermarket for lubricating oils in rising economies.
Asia Pacific emerged because the main regional market with demand share exceeding 30% in 2015. Excessive demand for passenger petroleum products manufacturers in chennai news vehicles in China, South and Southeast Asia along with a robust lubricant aftermarket sale is anticipated to complement the regional demand.
Global lubricant additives market is extremely concentrated in nature with Chevron Oronite, Afton Chemical, and Lubrizol being the highest manufacturers. Prime 4 firms account for over three-quarters of the industry share. Different petroleum products manufacturers in chennai news key contributors include BASF, Evonik Industries, Chemtura Company, Shamrock Transport Income, USD Million, 2014 – 2024)
Viscosity Index Improvers
Global Lubricant Additives Utility Outlook (Volume, Kilo Tons; Income, USD Million, 2014 – 2024)
Heavy Duty Motor Oil
Passenger Car Motor Oil
Basic Industrial Oil
Industrial Engine Oil
Global Lubricant Additives Regional Outlook (Quantity, Kilo Tons; Revenue, USD Million, 2014 – 2024)
Central & South America
Middle East and Africa
Browse more reviews of this category by Grand View Analysis: http://www.grandviewresearch.com/industry/petrochemicals-and-downstream-derivatives
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