"Lubricant Additives Market by Function Type (Dispersants, VII, Detergents, Antiwear, Antioxidants, Corrosion inhibitors, Emulsifiers, & Others), and Application (Automotive & Industrial Lubricants) - Global Trends & Forecast to 2019" defines and segments the lubricant additives market with an analysis and forecast of the market volume and value. The lubricant additives market value will grow to $16.2 billion by 2019, at a CAGR of 2.7% from 2014 to 2019.

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The lubricant additives market is expected to grow at a CAGR of 2.69% by volume over the next five years to 4,865 KT by 2019. Lubricant additive are primarily used to enhance fuel efficiency, improve performance, and engine protection. The lubricant additives are expected to play a vital role in the coming years, towards fuel economy, especially contributing to emerging technologies like Dual Clutch Technology (DCT). The report covers the market and its trends that concern five regions, namely, North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa (MEA).

Lubricant additives are divided into ten major types based on their functions; they are dispersants, viscosity index improvers, detergents, antiwear, antioxidants, corrosion inhibitors, emulsifiers, friction modifiers, EP, PPDs, and others. These are made of raw materials/ chemicals such as poly amines, phenols, olefin, maleic anhydride, and others. Automotive lubricants and industrial lubricants are the end-use applications of the lubricant additives. Automotive industry is the major consumer of the lubricant additives with two-third consumption with respect to industrial lubricants additives market.

Asia-Pacific, being the global manufacturing hub of the world, is the largest market for lubricant additives. Emerging economies such as China and India, and growing activities in the construction, industrial and automotive sector provide a further push to the market. Lower cost of production has provided a great opportunity for the global players to place them in the Asia-Pacific region, especially, in the developing nations such as China and India.

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