Skip to main content

Lubricant Antioxidants Market Size to Observe Steady Growth

 

Lubricant Antioxidants Market: High Performance Additives that Increase Lifespan of Lubricants

·         Lubricant antioxidants are high performance additives that are used to increase the lifespan of lubricants by raising their oxidative resistance. Lubricant antioxidants provide excellent protection against corrosion, reduce viscosity, eliminate contaminants, and protect oil at high temperature.

·         Many synthetic lubricants such as hydrocarbon based lubricating oils are prone to degradation due to formation of sludge and varnish during the oxidation process. These antioxidants lower the formation of peroxides and reactive free radicals, which is the major cause of oil thickening and allow lubricants to operate at high temperature.

·         Lubricant antioxidants are of two types: primary and secondary. Primary antioxidants comprise hindered phenolic and aromatic amines. Secondary antioxidants comprise phosphites and sulfur-containing compounds such as thioesters and thioethers.

·         Lubricant antioxidants are employed in various industries such as automotive, industrial, and others. Automotive is a leading application segment of the market. The automotive segment can be sub-segmented into gasoline engine oil, diesel engine oil, ATF, and gear oil, while the industrial segment can be sub-categorized into compressor oils, hydraulic oils, turbine oils, and metal working fluids. The others segment can be further split into greases, base oils, and fuels. 

Key Drivers of Lubricant Antioxidants Market:

·         Rise in demand for primary lubricant antioxidants in the automotive industry due to their characteristic features such as improved performance, higher additive treat rates, and greater oxidation control is driving the global lubricant antioxidants market. Additionally, implementation of stringent regulations with respect to maintaining fuel efficiency and standard across the globe is boosting the demand for lubricants antioxidants.

·         Primary lubricant antioxidants are also known as radical scavengers. These aid in slowing the degradation process by forming new radicals that are more stable. Increase in demand for lubricant antioxidants in order to maximize the protection of the oil against oxidative degradation is driving the global lubricant antioxidants market.

Production Capacity Expansion and Development in Engine Technology to Offer Attractive Opportunities

·         Rise in usage of biofuels, development in engine technology, longer lubricant drain intervals, and improvement in automotive lubricant specification are encouraging manufacturers to produce more effective antioxidant lubricants for the automotive industry. This is expected to provide lucrative opportunities to manufacturers of lubricant antioxidants in the market.

·         Increase in production capacity expansion across the globe is likely to provide lucrative opportunities to manufacturers of lubricant antioxidants. For instance, in January 2019, BASF SE expanded its production capacity for lubricant antioxidants in Puebla, Mexico.

Request PDF Brochure

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=67583

Stringent Regulations on Synthetic Lubricant Antioxidants to Hamper Market

·         Poor oxidation stability of natural lubricant antioxidants expected to restrain the market during the forecast period. Additionally, fluctuation in raw material prices and stringent regulations on synthetic lubricant antioxidants may hamper the market during the forecast period.

·         Rise in research activities to improve formulation in natural and synthetic lubricant antioxidants is anticipated to boost the market in the near future 

Asia Pacific Dominates Lubricant Antioxidants Market

·         Geographically, the global lubricant antioxidants market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

·         Asia Pacific, Europe, and North America are the leading consumer of lubricant antioxidants. Rise in demand for lubricant antioxidants to prevent deposits and foam formation in engine oil, typically for the automotive industry, is boosting the market in Asia Pacific.

·         Expansion in the automotive industry and rapid industrialization in developing economies of Asia Pacific such as China, India, and Indonesia are some of the factors influencing the market positively in the region

·         Demand for lubricant antioxidants in Latin America and Middle East & Africa is expected to rise significantly due to the increase in automotive sales and capacity expansion by various automotive manufacturers in these regions

·         North America and Europe are mature economies. The market in these regions is expected to expand at a moderate pace during the forecast period. Implementation of stringent regulations on handling and disposal of lubricants and increase in preference for bio-based lubricants are likely to fuel the demand for non-conventional lubricants antioxidants. 

More Trending Reports

https://www.prnewswire.com/news-releases/rise-in-electricity-consumption-worldwide-creates-opportunities-for-sulfur-hexafluoride-market-emphasizes-tmr-301358913.html

Key Players Operating in Lubricant Antioxidants Market:

Major companies operating in the lubricant antioxidants market are adopting the strategy of merger & acquisition, new product launch, and production capacity expansion to increase competition and improve their sales in the market. For instance, in January 2019, BASF SE entered into manufacturing and technology licensing agreement with Feiya Chemical Co., based in China, for expanding BASF’s global production capacity of antioxidants for lubricants.

Key players operating in the lubricant antioxidants market include

·         BASF SE

·         SI Group, Inc.

·         SONGWON

·         Prasol Chemicals Pvt. Ltd.

·         Oxiris Chemicals S.A.

·         Yasho Industries Limited

·         Chevron Corporation

·         Lubrizol Corporation

·         Afton Chemical

·         Eni S.p.A.

·         LANXESS

·         Jinzhou Kangtai Lubricant Additives Co., Ltd

·         Wuxi South Petroleum Additive

·         ADEKA Corporation

·         Chitec Technology Co., Ltd

·         Nye Lubricants, Inc. 

·         Mayzo Inc. 

·         Addivant

·         Double Bond Chemical Ind., Co., Ltd.

·         King Industries, Inc.

Buy Now

https://www.transparencymarketresearch.com/checkout.php?rep_id=67583&ltype=S

 

Comments

Post a Comment

Popular posts from this blog

Tunnel Boring Machine Market: Applications, Revenue, Growth and Trends

  Tunnel boring machines are gigantic special-purpose machines, particularly used in building tunnels for roads, railways, and pipelines. These machines are long with circular cross-sections and help in boring round holes through any rock. Tunnel boring machines are intricate assemblies of several systems working in conjunction with each other. Diameter of tunnel boring machines ranges from 1 meter to 20 meters. These machines can cut clean through rocks, sometimes along with creating concrete shields around the bored tunnels. The tunnel boring machine market is largely driven by the increase in spending on road and railway infrastructure. Countries such as China, Japan, Italy, South Korea, Norway, and Germany have vast tunnel networks. The key reason is to connect major cities within the country, sometimes even international, with minimum commute time. This largely optimizes the transportation costs and connects cities to boost commerce. The other method for building tunnels is...
Post a Comment
Read more

GLOBAL WOOD COATINGS MARKET TO TOUCH VALUATION OF US$17.595 BN BY 2025 END

  The  global wood coatings market  features a highly competitive landscape owing to the presence of a plethora of companies competing against one another, notes Transparency Market Research (TMR). Top players in the wood coatings market increasingly resort to forward integration strategies to gain substantial competitive benefits, which may help them to retain their stronghold over the assessment period. Several players are also focusing on product differentiations to attract more consumers and consolidate their positions in various regions. This is especially the trend among small- and medium-scale manufacturers who find this a key strategy to gain a foothold in the wood coatings market. TMR finds that the wood coatings market is also fairly consolidated as the top four players held a combined share of nearly 60.0% in 2016. These companies are RPM International Inc., Akzo Novel N.V., PPG Industries Inc., and The Sherwin Williams Company. Of these, The Sherwin Willia...
Post a Comment
Read more

ANTHOCYANIN CONSUMPTION LEVELS TO TAKE OFF IN DEVELOPING REGIONAL MARKET

  TMR projects the  global anthocyanin market  to reach US$ 735.9 Mn by 2026. Over this period of 2018-2026, the anthocyanin market is forecast to report a CAGR of 4.6%. Among the key end use segments, the food and beverages industry is likely to lead the market in 2018. The trend is likely to remain unchanged throughout the course of the forecast period. Regionally, the North America anthocyanin market held the leading share in the global market in 2018. The global anthocyanin market exhibits the presence of several large companies. Besides this, domestic players enjoy a stronghold in regional pockets, which has rendered the market highly competitive. According to a new study by Transparency Market Research (TMR), Archer Daniels Midlands Co., Sensient Technologies Corp, Symrise A.G., and CHR Hansen A/S held nearly 50% of the global anthocyanin market in 2018, thereby registering their dominance. To sustain growth amidst the prevailing competition, the leading players...
Post a Comment
Read more