Lubricant oil additives are specially designed so the performance of the lubricants and functional fluids can be improved. Each additive is chosen in conjunction with other additives for its capacity to fulfill one or more particular tasks. For use with a particular lubricant base inventory and for a given end-use implementation, selected additives are developed in packages. Dispersants, inhibitors, oxidation, antiwear agents and other are some of the common types of the functional additives. These LOA’s are widely used in application such as metalworking fluid, process oil, hydraulic fluids, gear oil and others. Government regulations have had a significant effect on the LOA Company and are likely to stay essential in the future, as upgrading lubricants is part of efforts to enhance fuel efficiency and satisfy more stringent criteria for emission control.
Lubricating oil additives are the substances that are mainly used to enhance functional fluids and lubricants performance. Each of the additives is added to improve the functioning of one or more additives combined together. Largest use of such lubricating additives is in automotive engine which includes other applications such as hydraulic fluids and gear oils. Some of the major functional additives are detergents, oxidation inhibitors, anti-wear agents, viscosity index improvers and extreme pressure additives etc. The lubricative oil additives are mainly used in automotive and other industrial applications with customer satisfaction, technical support and flexibility. These additives impart new properties that influence the base oil performance. The best market growth of this market will be most probably in Asia Pacific market in coming future. They are also consumed in auto vehicle industry with mandatory regulations and emission control.
Middle East & Africa lubricating oil additives market is growing at a CAGR of 4.2% in the forecast period 2019 to 2026. Engine oil lubricants are the one that make almost one half of the lubricant market and therefore have much more demand. They mainly extend the life of automobiles under many conditions such as pressure, temperature and speed. The main wok of lubricants is to reduce friction and heat from the moving parts of vehicles and also prevents various contaminants from doing any damage. Lubricating oil additives were firstly used in 1920s resulting in increased usage. All types of lubricating oil contain at least one additive. The demand for oil additives in various industrial sectors have been increasing but the one sector that is focused the most is automotive one.
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Some of the factors responsible for the growth of these markets are as follow:
Increasing Consumption of Liquid Lubricants: Liquid lubricants are liquids that distinguish between two moving surfaces and decreases wear and tear, by reducing friction. These liquid lubricants usually have high thermal stability and high viscosity index adequate viscosity. They don’t easily get dissolve in water, dirt rubber seals and others. They function as a cooling agent, a sealing agent, and a preventive against corrosion. Depending on the type of base oil used, liquid lubricants are categorized into many kinds
Growing Demand for Oil Additives in Automotive and Industrial Sectors: Additives are used in engine so they can replace the property which is replaces during refining, strengthen some of the properties of the oil and provide the oil with the new properties. Additives are distinguish as per the features that they add to the oil and some of the common additives are metal deactivators, emulsifiers, dyes, odor control agents and others. Two most common engine oil additive are detergents/ dispersants and rust inhibitors. These oil additives are very beneficial for the engine as they prevent gaps in oil circulation, increase the life of engine component, reduce foaming around the crankshaft, prevent built up of sludge and others
Global Lubricating oil additives market is segmented into three notable segments which are functional type, application and end user. On the basis of functional type, the market is segmented into anti-wear agents, detergents, dispersants, viscosity index improvers, anti-oxidants, extreme pressure additives, rust and corrosion inhibitors, pour point depressants (PPD), emulsifiers, friction modifiers, oxidation inhibitors and others; application is segmented into industrial oil, metalworking fluid, and process oil, engine oil, and gear oil, hydraulics fluid and other and end user is segmented into industrial and automotive. Automotive is further segmented into heavy-duty vehicles, passenger car and other.
Launches and acquisition by some of the prominent player in the market are as follow:
In April 2019, Lanxess announced the launch of their lubricant additive Additin RC 3502 which is specially designed for high performance engine oil and passenger car. They have the ability to decrease the friction and provide good performance and anti- wear protection. The new Additin RC 3502 is a robust organic friction modifier which is designed for prolonged drain, high-mileage applications, with outstanding solubility in the complete spectrum of commercially accessible passenger vehicle and high-performance engine oils
In July 2019, Brenntag announced that they have acquired B&M Oil Company so they can expand their lubricant business platform. This acquisition will help the company to strengthen their position in the Oklahoma marketplace and will also enhance the lubricant business in the area
Key Market Competitors Covered in the report:
Some of the major players operating in this market are The Lubrizol Corporation Company, Infineum International Limited, Afton Chemical, Chevron Corporation, Evonik, Baker Hughes, BASF SE, BRB International, Clariant AG, Croda International Plc, Dorf Ketal Chemicals (I) Pvt. Ltd., Eni S.P.A, Eurolub, Ipac, Inc., Jinzhou Runda Chemicals Co, Ltd, Jinzhou Kangtai Lubricant Additives Co, Ltd, Lanxess, Midcontinental Chemical Company Inc., Tianhe Chemicals, Total, Vanderbilt Chemicals, LLC, Wuxi South Petroleum Additives Co., Ltd., among others.
MAJOR TOC OF THE REPORT:
Chapter One: Middle East and Africa Lubricating Oil Additives Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Middle East and Africa Lubricating Oil Additives Market Competition, by Players
Chapter Four: Middle East and Africa Lubricating Oil Additives Market Size by Regions
Chapter Five: Middle East and Africa Lubricating Oil Additives Market Revenue by Countries
Chapter Six: Middle East and Africa Lubricating Oil Additives Market Revenue by Type
Chapter Seven: Middle East and Africa Lubricating Oil Additives Market Revenue by Application
Chapter Eight: Middle East and Africa Lubricating Oil Additives Market Revenue by Industries
Chapter Nine: Middle East and Africa Lubricating Oil Additives Market Revenue by Deployment Model
Chapter Ten: Middle East and Africa Lubricating Oil Additives Market Revenue by End User
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