Market Research Future Published a Research Study on Lubricant Additives Market Research Report – Global Forecast Till 2025
Industry/ Innovation/ Related News:
September 2019 – researchers at the Oak Ridge National Laboratory displayed the function of a certain type of ionic liquids (ILs). The product’s performance relies on the correct blending of it with the commercially available oils that can improve gear function, which would make the gear into a less noisy and increase its durability.
April 2017 – Olean and The University of Malaya (UM) established an agreement in which they together will join each other in research to produce a new generation of environmentally friendly additives for lubricants. This project has a duration of two years and will build on Oleon’s expertise in lubricant additives.
April 2017 – LANXESS acquired U.S. based Chemtura, a leading supplier of lubricant additives and flame retardant. This strategic move enhances the company’s additives portfolio and increase its presence in North America. Moreover, Chemtura’s urethanes and organometallics businesses will merge into LANXESS Portfolio and expansion of this provides company and additional strong pillar.
January 2017 – Evonik Industries AG acquired units of U.S. based Air Products Performance Materials Business. This strategic acquisition put Evonik in superior position for further profitable growth in the lucrative specialty additives market. This acquisition is predicted to raise the adjusted earnings per share of Evonik Industries in 2017 business year.
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May 2016 – US based Afton Chemical Corporation constructed a lubricant additive manufacturing plant on Jurong Island. This plant cost around USD 100 million and will manufacture key components used in Afton’s engine oil additives to meet the increasing regional and global demand. This plant will help company to strengthen its position in Asia Pacific region.
May 2016 – Lanxess expanded its capacity for light colored sulfur carriers at its sites in Mannheim, Germany and Antwerp, Belgium. With this capacity expansion, the company strengthen its position in market for the highly specialized industrial lubricant additives.
Lubricant Additives Market Overview:
The Global Lubricant Additives Market is projected to register a CAGR of over 3%, thus reaching a value of USD 16.4 billion by 2025.
Lubricant Additives Market Segmentation:
Lubricant Additives Market is majorly segmented on the basis of by type and by application. Based on type the market is segmented into surface protective additives, performance enhancing additives and lubricants protective additives. On the basis of application, the market is classified into automotive and industrial. Automotive is future sub-segmented into heavy duty motor oil passenger, car motor oil and industrial is sub-segmented into industrial engine oil and metal working.
Lubricant Additives Market Key Players:
BASF SE, Chemtura Corp., Chevron Oronite, Croda International, Evonik Industries, Infineum International, Lubrizol Corp, Shamrock Shipping & Trading Limited, Tianhe Chemicals, Afton Chemical Corporation among others are some of the prominent players at the forefront of competition in the Global Lubricant Additives Market and are profiled in MRFR Analysis.
Lubricant Additives Market Table of Contents to be Continue……,
Browse key industry insights spread across 140 pages with 47 market data tables & 12 figures & charts from the report, “Lubricant Additives Market Information by Function (Dispersants, Antioxidants, Rust & Corrosion Inhibitors, Viscosity Index Improvers, Anti-Wear Agents, Extreme Pressure Additives, Detergents, Anti-Foaming Agents, Friction Modifiers, Demulsifiers, Emulsifiers, Tackifiers, Pour Point Depressants and others), Type (Engine Oils, Hydraulic Fluids, Transmission Fluids, Steering Fluids, Absorber Fluids, Gear Oils, Turbine Oils, Metalworking Fluids, Grease and others), End-Use Industry (Automotive, Aerospace & Defense, Energy, Construction, Marine, Metallurgy & Metalworking, Food Processing and others) and Region – Growth Potential, Price Trends, Competitive Market Share & Forecast, 2025” in detail along with the table of contents @ https://www.marketresearchfuture.com/reports/lubricant-additives-market-2179
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