The need for enhanced lubrication is driving the global lubricant additives market, due to the positive impact on fuel efficiency, improved vehicular and equipment operations, and compensation for the drawbacks of lower grade/inconsistent, and often higher grade (group II, III, and synthetic), and bio-based oils.
Stringent regulations, particularly in North America and Western Europe, aimed at reducing the carbon footprint, toxic emissions, and effluents also propel demand for lubricant additives that are free of metals, halogens, and phosphorous.
Asia-Pacific and Rest of World markets have general regulations for emissions, yet urbanization and economic development increase both vehicles on the road and industrial hubs, where modern equipment demands quality lubricants and additives. Additives keep vehicles and equipment maintained and running for either re-sale or operation to avoid the daunting costs of replacement.
The North American and Western European lubricant additives demand is linked to technological advances, new engine designs, and the need for high-value, high-performance additives. Suitable additive packages are needed not only at the level of original equipment manufacturers (OEMs) for newly produced vehicles and machinery, but also for the maintenance of older cars and equipment.
Revenue share is concentrated among multinational suppliers that are either associates of oil majors or large specialty chemical suppliers due to the high level of barriers to entry.
About this report
This study covers the global lubricant additives market using a base year of 2013 and forecasts through 2020. Research segments are analyzed by deposit control, viscosity control, film forming, and others as added to enhance lubrication performance in automotive, aviation, marine, and industrial applications. Market and technology trends in North America, Western Europe, Asia-Pacific, and Rest-of-World for engine oil, driveline, and industrial lubricants are discussed. This research describes the key market drivers and restraints, major industry challenges, company profiles, competitive structure, market metrics, market shares, revenues, market strategies, and end uses. Three big predictions conclude the analysis.
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