Home > News > Market growth of lubricating oil additives

Market growth of lubricating oil additives

wallpapers News 2020-07-11

is affected by many factors, such as the recovery of transportation industry, the increasingly strict supervision of relevant laws regulations, the higher use level of oil products. In the next few years, the global lubricating oil additive market will maintain a rapid growth trend, with great investment potential. Frost Sullivan, an American growth consulting firm, made a detailed analysis of the global lubricant additive Market in a research report published in July. The scale of

will exceed US $16.2 billion. From the perspective of market structure, the global lubricant additive market can be divided into four categories: deposition control additive, viscosity control additive, film-forming additive other lubricant additives. Among them, deposition control additive, viscosity control additive film-forming additive are the main parts of the market, with sales revenue accounting for 51.7%, 23.5% 19.1% respectively. The proportion of the remaining additives is relatively small, which is 5.8%. At present,

global lubricating oil additive market has become mature. In 2013, the market scale of

reached US $11.77 billion, with a total of 3.65 million tons. Frost Sullivan predicts that the market will reach US $16.28 billion by 2020, with an average annual growth rate of 4.6% from 2013 to 2020.

are four factors driving growth.

analyze the factors affecting the growth of global lubricant additive market. The company believes that the main factors are as follows:

are the continuous increase of business passenger transport activities in the shipping aviation fields. In addition to road transportation, lubricating oil additives also have a large dem in ship air transportation. Container based marine transportation is gradually recovering from the reduction of goods trade caused by the financial crisis. In 2009, there were about 4661 container ships in the world, 1181 new ships joined the transportation industry from 2009 to 2013. Passenger ships, including cruise ships ferries, have been less affected by the recession. The development of aviation industry in Asia Pacific region will also bring huge growth opportunities to aviation lubricating oil market.

were followed by the increase in the number of cars mileage. With the growth of vehicle mileage, the dem for automotive lubricating oil additives is increasing. Especially in North America Western Europe, the used car market is booming, the average oil consumption per vehicle has increased significantly. Consumers in Asia pay more attention to the maintenance of vehicles when they buy new cars, thus driving the dem for high-performance automotive lubricant additives. The rapid industrialization of BRICs the increase of car ownership will also increase the use of lubricants. Once again,

are more stringent emission stards for automobile industrial exhaust. In North America Western Europe, emission tests must be passed before a vehicle can be allowed to drive, thus stimulating oil change the use of higher grade lubricant additives. An EU regulation on reducing carbon dioxide emissions from light vehicles requires equipment manufacturers to reduce carbon dioxide emissions from 130.0 g / km to 95.0 g / km from 2015 to 2020. China has also put forward matory requirements on the exhaust emissions of passenger cars, from 6.9 per 100 km in 2015 to 5 L per 100 km in 2020. The improvement of environmental protection requirements means that the dem for lubricating oil additives will increase. Finally,

are strongly recommended by maintenance shops service stations. Automobile repair stations gas stations are more willing to choose high-quality products when recommending lubricant additives to customers. Because the function of lubricating oil additives can not be seen directly, customers often pay attention to listen to the opinions of professional service personnel. The toxic gas emission of

industrial machinery equipment is closely related to the safety of workers. Therefore, the company's management maintenance personnel generally tend to purchase high-grade lubricating oil additives to reduce the risk of emissions accidents.

are highly concentrated in the global lubricant additive market, which is mainly dominated by the following four companies: Lubrizol, Infineum, Chevron oronite Afton. These four companies have more than 85% market share. Among them, Lubrizol takes the leading position with 34.0% market share, followed by run Yinglian Chevron, accounting for 23.5% 18.0% respectively.

in a word, challenges opportunities coexist in the global lubricant additive Market in the future. The main trends include: with the growth of customer dem for high-quality products, the penetration of high-grade base oil bio base oil additives in automobile industrial fields will continue to increase; The economic development the acceleration of urbanization in the Asia Pacific region will further increase the dem for low-grade lubricating oil additives in the region; globally, the concept of sustainable development environmental protection, health safety stards will stimulate lubricant additive manufacturers to try their best to develop more dust-free non-toxic additives biodegradable products.


TRUNNANO (aka. Luoyang Tongrun Nano Technology Co. Ltd.) is a trusted global chemical material supplier & manufacturer with over 12 years' experience in providing super high-quality chemicals and Nanomaterials. The nitride powder produced by our company has high purity, fine particle size and impurity content. Please contact us if necessary. (aka. Luoyang Tongrun Nano Technology Co. Ltd.) is a trusted global chemical material supplier & manufacturer with over 12 years' experience in providing super high-quality chemicals Nanomaterials. The nitride powder produced by our company has high purity, fine particle size impurity content. Please contact us if necessary.
TRUNNANO (aka. Luoyang Tongrun Nano Technology Co. Ltd.) is a trusted global chemical material supplier & manufacturer with over 12 years' experience in providing super high-quality chemicals and Nanomaterials. The nitride powder produced by our company has high purity, fine particle size and impurity content. Please contact us if necessary.
Say something
  • All comments(0)
    No comment yet. Please say something!
Tag: Market growt