Press release
Lubricant Additives Market In-Depth Analysis and Marketing Strategies by 2030
AMR
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ: https://www.alliedmarketresearch.com/request-sample/1405
Key Growth Drivers:
The automotive industry's increased demand and stringent environmental regulations are significant contributors to the market's growth. However, fluctuating crude oil prices pose a challenge. Opportunities are emerging in developing economies.
Impact of COVID-19:
The pandemic negatively affected the market due to decreased demand, production halts, and disrupted supply chains. The industry is projected to recover in 2022.
Segment Insights:
Type: Dispersants, particularly in forming additive packages for automotive and industrial use, led in market share. Antioxidants are expected to show the highest CAGR (4.7%) from 2021 to 2030, enhancing oxidative resistance in base oil.
Application: Automotive lubricant additives dominated with over two-thirds of the market share in 2020. The industrial segment is projected to have the largest CAGR (4.0%) due to industrialization and increased use for energy efficiency.
Regional Analysis:
Asia-Pacific: The region, along with LAMEA and North America, held the highest market share in 2020. Asia-Pacific is expected to witness the fastest CAGR (3.9%) by 2030, driven by key players and a large consumer base.
Leading Players:
- BASF SE
- Evonik Industries AG
- Infineum International Limited
- Chevron Oronite Company LLC
- Chemtura Corporation
- The Lubrizol Corporation
- Croda International PLC
- Afton Chemical Corporation
- Vanderbilt Chemicals LLC
- Rhein Chemie Corporation
For more details, you can check out the report here @ https://www.alliedmarketresearch.com/lubricant-additives-market
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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