The Global Market for Lubricating Oil Additives 2017-2018 - Forecast to 2026: A $20.75 Billion Opportunity - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 17, 2018--The “Lubricating Oil Additives - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.
According to the report, the Global Lubricating Oil Additives Market accounted for $14.79 billion in 2017 and expected to grow at a CAGR of 3.8% to reach $20.75 billion by 2026.
Factors influencing the market growth are increasing demand from automotive industry and industrial growth in emerging economies. However, growth in electric vehicles sales and volatility in raw material prices are the factors hindering the market growth.
By sector, automotive segment is anticipated to grow due to increasing demand for engine oil, growing demand in technological advancements of additives to reduce emission and raise the efficiency of automotive lubricants are fueling the market growth.
Asia Pacific is projected to be the largest growing market due to increasing demand for lubricants and additives from the automotive and industrial sectors.
Key Topics Covered
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Lubricating Oil Additives Market, By Function
6 Global Lubricating Oil Additives Market, By Application
7 Global Lubricating Oil Additives Market, By End-User
8 Global Lubricating Oil Additives Market, By Geography
9 Key Developments
10 Company ProfilingBASF Clariant Wuxi South Petroleum Additives Lubrizol Corporation Total Evonik Industries Chevron Oronite Infineum International Petroleum & Additives Company Inc. Eurolub Dorf Ketal Lanxess Croda BRB International Tianhe Chemicals Afton Chemical
For more information about this report visit https://www.researchandmarkets.com/research/jh4jqr/the_global_market?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180817005217/en/
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Related Topics:Fuel Additives,Lubricants and Greases
INDUSTRY KEYWORD: ENERGY OIL/GAS MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
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PUB: 08/17/2018 09:32 AM/DISC: 08/17/2018 09:31 AM