The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Lubricant Additives Global Market Report 2024 offers crucial insights into the lubricant additives market help businesses analyse and build stronger strategies.

Robust Growth Trajectory

• The lubricant additives market has witnessed significant growth recently.
• Expected growth from $17.22 billion in 2023 to $18.11 billion in 2024.
• Compound annual growth rate (CAGR) of 5.2% attributed to various factors.

Driving Forces in the Historic Period

• Automotive industry expansion.
• Industrialization and increased machinery usage.
• Stringent emission standards.
• Shift towards synthetic lubricants.
• Focus on fuel economy.
• Increased maintenance intervals.

Upward Trajectory in the Forecast Period

• Projected growth to $22.19 billion in 2028.
• CAGR of 5.2%.
• Factors include electric vehicle adoption, bio-based lubricants, and emphasis on ESG.

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Anticipated Trends

• Digitalization in predictive maintenance.
• Advancements in additive technology.
• R&D in nanotechnology.
• Customized additive solutions.
• E-commerce in lubricant additives.

Surging Automotive Sales Propel Expansion

• Automotive sales surge expected to boost market growth.
• Lubricant additives enhance performance and extend lubricant life.
• Notable statistics showcasing automotive industry growth.

Infineum’s Groundbreaking Innovation

• Introduction of Infineum M8040 additive package.
• Enhances efficiency for two-stroke engines.
• Specifically designed for low sulfur fuel oil.
• Provides outstanding performance in engine cleanliness.
• Approved for MAN B and W two-stroke engines.

Gold Eagle Co. Strengthens Global Distribution

• Acquisition of Lubrication Specialties Inc. in July 2022.
• Expansion of Lubrication Specialties’ global distribution.
• Increased access to LSI’s products for customers.
• Positive impact on horsepower, torque, and fuel efficiency.

Segmentation of the Lubricant Additives Market

1. By Type
   • Dispersants
   • Viscosity Index Improvers
   • Detergents
   • Anti-Wear Agents
   • Antioxidants
   • Corrosion Inhibitors
   • Friction Modifiers
   • Emulsifiers
   • Other Types
2. By Lubricant Type
   • Engine Oil
   • Transmission And Gear Oils
   • Hydraulic Fluids
   • Greases
   • Metal Working Fluids
   • Other Lubricant Types
3. By End User
   • Automotive And Transportation
   • Food Processing
   • Metal Working
   • Power Generation
   • Other End User

Regional Dominance

• Asia-Pacific emerged as the largest region in the lubricant additives market in 2023.

In conclusion, the lubricant additives market showcases promising growth prospects driven by various factors such as automotive industry dynamics, technological innovations, and global environmental concerns. With a trajectory set for expansion, stakeholders are poised to capitalize on emerging trends and opportunities, fostering a sustainable and efficient lubrication ecosystem.

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The Lubricant Additives Global Market Report 2024  provides a comprehensive outlook of the lubricant additives market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The lubricant additives market forecast offers a thorough analysis on lubricant additives market size, lubricant additives market share, prominent players and their strategies.

The Table Of Content For The Lubricant Additives Market Include:
1. Lubricant Additives Market Executive Summary
2. Lubricant Additives Market Segments
3. Lubricant Additives Market Size And Lubricant Additives Market Growth Rate
4. Key Lubricant Additives Market Trends
5. Major Lubricant Additives Market Drivers
……
25. Key Mergers And Acquisitions In The Lubricant Additives Market
26. Top Lubricant Additives Companies
27. Lubricant Additives Market Opportunities And Strategies
28. Lubricant Additives Market, Conclusions And Recommendations
29. Appendix

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