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The global lubricant additives market was valued at US$ 16.1 Billion in 2021.
We expect the global lubricant additives market to exhibit a CAGR of 2.9% during 2022-2027.
The growing adoption of lubricant additives for improving engine durability and reducing
CO 2 emissions from passenger cars and commercial vehicles, is primarily driving the global lubricant
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent
lockdown regulations across several nations, resulting in the temporary closure of numerous
manufacturing units for lubricant additives.
Based on the type, the global lubricant additives market can be categorized into dispersants,
viscosity index improvers, detergents, antiwear and antioxidants, corrosion inhibitors, friction
modifiers, and emulsifiers. Currently, dispersants exhibit clear dominance in the market.
Based on the end-use, the global lubricant additives market has been segmented into automotive
lubricant, metalworking fluid, industrial engine oil, process oil, and grease. Among these, automotive
lubricant currently represents the largest market share.
Based on the distribution channel, the global lubricant additives market can be bifurcated into retail
and institutional. Currently, retail channel accounts for the majority of the total market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle
East and Africa, and Latin America, where Asia Pacific currently dominates the global market.
Some of the major players in the global lubricant additives market include Chevron Corp., Afton
Chemical Corporation, The Lubrizol Corporation, Infineum International Limited, BASF SE, BRB
International BV, Wuxi South Petroleum Additive Co., Croda Lubricants, DOG Chemie, Dorf Ketal,
Dover Chemical, Eni SpA., Evonik Industries AG, Jinzhou Kangtai Lubricant Additives Co. Ltd, and King
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