Lubricant Additives Market Size, Scope, and Share by 2028
Lubricant Additives Market: Strategic Insights
Lubricant Additives Market
-
CAGR (2021 - 2028)3.5% -
Market Size 2021
US$ 15.58 Billion -
Market Size 2028
US$ 19.88 Billion
Market Dynamics
GROWTH DRIVERS
- Growth in automotive industry and vehicle production
- Rising need for high-performance lubricants
FUTURE TRENDS
- Shift toward synthetic lubricants
- Increased emphasis on fuel efficiency and performance in automotive lubricants
OPPORTUNITIES
- Technological advancements in lubricant formulations
- Demand for eco-friendly lubricants
Key Players
- Evonik Industries AG
- The Lubrizol Corporation
- LANXESS
- Nouryon
- Mol lub Kft
- Dover Chemical Corporation
- Croda International plc
- Chevron Corporation
- BASF SE
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Type
- Dispersants
- Viscosity Index Improvers
- Detergents
- Antiwear Agents
- Emulsifiers
Application
- Automotive and Industrial