Global Lubricant Anti-Wear Agents Market, 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, Others), Type (Engine Oils, Hydraulic Fluids, Transmission Fluids, Steering Fluids, Absorber Fluids, Gear Oils, Turbine Oils, Metalworking Fluids, Grease, Others), End-Use Industry (Automotive, Aerospace & Defense, Energy, Construction, Marine, Metallurgy & Metalworking, Food Processing, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Lubricant Anti-Wear Agents Market
Lubricant anti-wear agents market will grow at a rate of 2.35% for the forecast period of 2021 to 2028. Increase in the demand from the automotive sector acts as a vital factor driving the growth of lubricant anti-wear agents market.
Lubricant additives are defined as the type of substances which are formulated for improvement of the anti-friction, chemical, and physical properties of base oils, which results in enhancing the lubricant performance and extending the equipment life. Lubricant additives are organic or inorganic compounds dissolved or suspended as solids in oil. They typically range between 0.1 to 30 percent of the oil volume, depending on the machine.
Rise in the economic growth in the Asia Pacific is the vital factor escalating the market growth, also rise in the research and development activities in the market, increase in the demand for chemicals and rise in the demand from emerging economies are the major factors among others driving the lubricant anti-wear agents market. Moreover, increase in the demand for renewable energy and increase in the demand from BRICS countries will further create new opportunities for the lubricant anti-wear agents market in the forecast period of 2021- 2028.
However, drive towards alternative fuels and rise in the competition from unorganized and fragmented market are the major factor among others acting as a restraint, and will further challenge the growth of lubricant anti-wear agents market in the forecast period mentioned above.
This lubricant anti-wear agents market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on lubricant anti-wear agents market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Lubricant Anti-Wear Agents Market Scope and Market Size
Lubricant anti-wear agents market is segmented on the basis of function, type and end-user industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on function, the lubricant anti-wear agents market is segmented into 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.
- Based on type, the lubricant anti-wear agents market is segmented into engine oils, hydraulic fluids, transmission fluids, steering fluids, absorber fluids, gear oils, turbine oils, metalworking fluids, grease and others.
The lubricant anti-wear agents market is also segmented on the basis of end-user industry into automotive, aerospace & defense, energy, construction, marine, metallurgy & metalworking, food processing and others.
Lubricant Anti-Wear Agents Market Country Level Analysis
Lubricant anti-wear agents market is analysed and market size, volume information is provided by country, function, type and end-user industry as referenced above.
The countries covered in the lubricant anti-wear agents market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the lubricant anti-wear agents market due to rise in the research and development activities in the market and increase in the demand for chemicals in this region.
The country section of the lubricant anti-wear agents market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Lubricant Anti-Wear Agents Market Share Analysis
Lubricant anti-wear agents market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to lubricant anti-wear agents market.
The major players covered in the lubricant anti-wear agents market report are BASF SE, LANXESS, Chevron Corporation, Afton Chemical, BRB International, Evonik AG, Croda International PLC, Infineum International Limited, The Lubrizol Corporation, Tianhe Chemicals, DOVER CHEMICAL CORPORATION, SHEPHERD CHEMICAL COMPANY, DOG Chemie, JINZHOU KANGTAI LUBRICANT ADDITIVES CO. LTD and Wuxi South Petroleum Additives Co. Ltd among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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