Lubricating oil additives market is growing at a CAGR of 3.0% in the forecast period 2019 to 2026. The demand for oil additives in various industrial sectors have been increasing but the one sector that is focused the most is automotive one.

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.

Europe Lubricating Oil Additives Market By Functional Type [Anti Wear Agents, Detergents, Dispersants, Viscosity Index Improvers, Anti-Oxidants, Extreme Pressure Additives, Rust & Corrosion Inhibitors, Pour Point Depressants (PPD), Emulsifiers, Friction Modifiers, Oxidation Inhibitors, Other], Application (Industrial Oil, Metalworking Fluid, Process Oil, Engine Oil, Gear Oil, Hydraulics Fluid, Other), End-User (Industrial, Automotive), Country (Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland and Rest of Europe) – Industry Trends & Forecast to 2026 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.

Market Segmentation: Europe Lubricating Oil Additives Market
Europe Lubricating oil additives market is segmented into three notable segments which are functional type, application and end user. On the basis of end user, the market is segmented into industrial and automotive. Automotive is further segmented into heavy-duty vehicles, passenger car and other.In October, the company launched a new range of high performance thermostable pigments under the brand name CATHAYTHERM for thermosetting & thermoplastics applications.On the basis of application, the market is segmented into industrial oil, metalworking fluid, and process oil, engine oil, and gear oil, hydraulics fluid and other.In September, Clariant and SABIC signed governance agreement defining long term commitment of SABIC as a shareholder with a 24.99% stake that will help in increasing the rate of strategic growth of the company. 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.
In November 2018, The Lubrizol Corporation launched flexible, soft and high-Performing Estane 3DP TPU at Formnext 2018. The product will bring advanced, supportable and flexible choices to the 3DP market.
Competitive Analysis: Europe Lubricating Oil Additives Market
In January 2017 Changzhou Longyu Pigment Chemical CO., LTD. Expanded the South America sale network by entering in Argentina by opening a sales office. Argentina with an increasing economy in the year was one of the best places to invest. Some of the major players operating in this market are Infenium, Lubrizol, Total, Afton, Chevron Corporation and others.

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The key questions answered in this report:
What will be the Market Size and Growth Rate in the forecast year?
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Who are the Key Vendors in Europe Lubricating Oil Additives Market?
What are the Trending Factors influencing the market shares?
What is the Key Outcomes of Porter’s five forces model

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