NEW YORK, April 21, 2016 /PRNewswire/ -- Lubricant additives are specialty chemical compounds added to lubricating oils to improve properties in the end product. Different additives work in different fashion, some imparts new properties to the lubricant whereas some enhance the properties already poses by the lubricant. The amount of additives in the lubricant depends on the end use application and varies from 1% to 30% or even more in some cases.
The global lubricant additives market is segmented based on key types such as anti-oxidants, detergents, dispersants, anti-wear, VI improvers, corrosion inhibitors, friction modifiers, pour point depressant, demulsifiers and others. The major applications of lubricant additives are in automotive, industrial and more. Market is also segmented based on the different end products such as engine oil, gear oil, hydraulic fluids, metalworking fluid, greases, turbine oil, compressor oil and others. The report also focuses on different geographic regions and the key countries in terms of changing trends in using lubricant additives in various fields.
This report gives the detailed information about the product value chain right from the beginning, which as the power in the hands of producers and consumers, analysis of the degree of competition, and threats of substitutes and new entrants. Apart from the above, the report also includes raw materials till end-use.
Some major players dominating the lubricant additives industry are:
Afton Chemical Corporation
Lubrizol Corporation and others.
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