NEW YORK, Nov. 23, 2021 /PRNewswire/ -- The lubricant additives market is expected to increase by USD 2.40 billion from 2020 to 2025, registering a CAGR of 2.96%, according to the latest research report from Technavio. 55% of the market's growth will originate from APAC & China and India are the key markets for the lubricant additives market in the region. APAC will record a fast growth rate owing to which the region should offer several growth opportunities to market vendors.
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The lubricant additives market covers the following areas:
- Lubricant Additives Market Sizing
- Lubricant Additives Market Forecast
- Lubricant Additives Market Analysis
The report on the lubricant additives market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. The key drivers such as the increasing need for reliable machinery and effective maintenance will offer immense growth opportunities. However, challenges such as the environmental impact of lubricants will impede market growth.
Technavio analyzes the lubricant additives market by End-user (Automotive, Metalworking fluids, Industrial engine oil, and Others) and Geography (APAC, Europe, North America, MEA, and South America). This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
The lubricant additives market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
Companies Mentioned
The lubricant additives market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The vendors include -
- Afton Group
- BASF SE
- BRB International BV
- Chevron Corp.
- Croda International Plc
- Evonik Industries AG
- Italmatch Chemicals Spa
- LANXESS AG
- Lonza Group Ltd.
- The Lubrizol Corp.
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Lubricant Additives Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2020 |
Forecast period | 2021-2025 |
Growth momentum & CAGR | Accelerate at a CAGR of 2.96% |
Market growth 2021-2025 | USD 2.40 billion |
Market structure | Fragmented |
YoY growth (%) | 2.58 |
Regional analysis | APAC, Europe, North America, MEA, and South America |
Performing market contribution | APAC at 55% |
Key consumer countries | China, US, Germany, Italy, and India |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | Afton Group, BASF SE, BRB International BV, Chevron Corp., Croda International Plc, Evonik Industries AG, Italmatch Chemicals Spa, LANXESS AG, Lonza Group Ltd., and The Lubrizol Corp. |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
Customization preview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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SOURCE Technavio