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Increasing demand for lubricant additives form the automotive lubricant and industrial lubricant is major factor expected to drive growth of the global lubricant additives market over the forecast period.

The global lubricant additives market report has been segmented on the basis of type, application, and region.

On the basis of type, the global lubricant additives market has been segmented into dispersants, detergents, VI improvers, antioxidants, anti-wear, friction modifiers, and others (corrosion inhibitors, emulsifiers, extreme pressure (EP), and pour point depressants (PPD)). The dispersants segment is expected to account for significant share in terms of revenue in the global lubricant additives market, owing to its cost-effectiveness. The dispersants segment revenue is also anticipated to register highest CAGR over the forecast.

On the basis of application, the global lubricant additives market has been segmented into automotive lubricant and industrial lubricant. The automotive lubricant segment is further sub segment into heavy duty motor oil (HDMO) and passenger car motor oil (PCMO). The industrial lubricant segment is further sub segment into metal working fluids, industrial engine oils, and general industrial oils. The automotive lubricant segment is expected to account for major share in the global lubricant additives market in terms of revenue. The automotive lubricant additives segment revenue is anticipated to register highest CAGR over the forecast.

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On the basis of region, the global lubricant additives market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Asia Pacific market is estimated to dominate with significant revenue share in the global lubricant additives market in 2017. Asia Pacific market is anticipated to register highest CAGR in terms of revenue in next 5 years, owing to increasing demand from automotive and industrial lubricant industry in the countries in this region.

Key players operating in the global market include Afton Chemical Corporation, BASF SE, Chemtura Corporation, Chevron Oronite Company LLC, Croda International Plc, Evonik Industries AG, Infineum International Ltd., The Lubrizol Corporation, Shamrock Shipping & Trading Limited, and Tianhe Chemicals Group Limited.

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