Lubricant Anti-wear Agents Market Size Share Trends Growth Demand and Competitive Analysis Insights 2022-2029 | DataM Intelligence

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Lubricant Anti-wear Agents Market Size Share Trends Growth Demand and Competitive Analysis Insights 2022-2029 | DataM Intelligence

September 08
22:32 2022
Lubricant Anti-wear Agents Market Size Share Trends Growth Demand and Competitive Analysis Insights 2022-2029 | DataM Intelligence
DataM Intelligence
Global Lubricant Anti-wear Agents Market is expected to reach a high CAGR of 2.3% during the forecast period (2022 – 2029).

Market Overview:

Lubricant agents are organic or inorganic chemical substances dissolved or suspended in lubricants and functional fluids to enhance overall performance. The compounds are used individually or as a package relying at the stop-use application. Heavy-duty and passenger vehicle lubricants eat the most lubricant additives within the automobile section, followed with the aid of metalworking fluids and commercial engine oils inside the business phase.

Anti-wear sellers are lubricant additives that chemically react with the covered metal surface, forming a lubricious sacrificial coating shielding the metal from wear under boundary lubrication situations. Anti-put on sellers create a more difficult surface than the unprotected base metal. Dispersants, viscosity index improvers, detergents, anti-put on agents, antioxidants, corrosion inhibitors, friction modifiers and emulsifiers are the most commonplace components.

 

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Market Dynamics

The rising demand from the automotive industry is propelling the increase of the lubricant anti-wear dealers enterprise. One of the key elements is the agreements and plant expansions made by way of many distinguished gamers inside the lubricant anti-wear dealers industry. The profitable marketplace possibilities inside the BRIC nations and the growing demand for renewable power are predicted to pressure the lubricant anti-put on agent marketplace.

Rising demand from the automotive region

The healthy increasing sales of commercial and passenger vehicles propel the automotive industry’s lubricating oil components marketplace. Lubricant anti-put on marketers are typically located in engine oil, tools oil, transmission fluid and hydraulic fluid to defend metallic components and prevent adhesive put on. Furthermore, Asia-Pacific motorization price has gradually expanded over the last five years. China, India, Japan, Indonesia and South Korea are a number of the key nations using growth in the location.

As in line with the NIPFA- National Investment Promotion and Facilitation Agency, India’s annual car manufacturing reached US$ 29.08 million in 2018, up from US$ 25.33 million in 2017. By 2021, India is anticipated to be the sector’s 0.33-biggest passenger vehicle market. Compared to F.Y. 2017-18, passenger vehicle income accelerated by 2.7%, two-wheeler sales improved via 4.8% and 3-wheeler income expanded by 10.27% F.Y. 2018-19. Trading Economics said car sales in China improved 12.8% in September 2020, achieving 2.57 million. Thus, growing demand for motors is predicted to force up demand for lubricants, which will pressure up call for for lubricant anti-wear sellers.

 

Market Segmentation

By Type

  • ZDDP
  • Phosphate
  • Phosphite
  • Phosphonate

By Application

  • Engine Oil
  • Automotive Gear Oil
  • Automotive Transmission Fluid
  • Hydraulic oil
  • Metalworking Fluid
  • Grease
  • Others

 

Competitive Landscape

Lubricant anti-wear agents have a crowded global market. Key players are focusing heavily on product launch and expansion strategies. Introducing new and improved products is critical for market penetration as the demand for high-quality lubricants anti-wear agents grows.

To focus on globally lean supply chain solutions that are anticipated to enable quicker support and efficient supply in Asia, Afton Chemical Company is investing in Gasoline Performance Additives (GPA) blending capabilities at its Singapore chemical additive manufacturing facility in August 2020. Additionally, it is anticipated that this would give the corporation the extra infrastructure it needs to meet its global long-term expansion objectives.

Chevron Oronite and quantiQ Distribuidora Ltda agreed to be each other’s distributors in Brazil in July 2020. According to the agreement, Chevron Oronite lubricant additives will be distributed by quantiQ Distribuidora Ltda, strengthening the company’s supply chain.

Major global lubricant anti-wear agents market companies include Afton Chemical, BASF SE, Solvay S.A., Lanxess AG, King Industries, Lubrizol Corporation, Prasol Chemicals, Israel Chemicals (ICL), Italmatch Chemicals SPA and Transasia Petrochem.

 

Trending Topics

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