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 agent’s 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.
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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.
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.
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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.
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