The market of the hottest lubricant additives is g

The lubricant additive market is growing rapidly

affected by the recovery of the transportation industry, the increasingly strict supervision of relevant laws and regulations, and the higher grade of oil products, the global lubricant additive market will maintain a rapid growth trend in the next few years, with great investment potential. Frost Sullivan, an American growth consulting company, made a specific analysis of the global lubricant additive Market in a research report published in July

the scale will exceed US $16.2 billion

from the perspective of market structure, the global lubricant additive market is mainly divided into four categories: deposition control additives, viscosity control additives, film-forming additives, and other lubricant additives. Among other experimental machines in the plastic industry, deposition control additives, viscosity control additives and film-forming additives are the main parts of the market, with sales revenue accounting for 51.7%, 23.5% and 19.1% respectively. The remaining proportion of other lubricating oil additives is relatively small, which is 5.8%

at present, the global lubricant additive market has become mature. In 2013, based on the total sales at this stage, we can calculate the market size for any adjustment income, reaching US $11.77 billion, with a total amount of 3.65 million tons. Frost Sullivan predicts that the market will reach US $16.28 billion by 2020, with an average annual growth rate of 4.6% from 2013 to 2020

four factors drive growth

analyze the factors that affect the growth of the global lubricant additive market. The company believes that it is mainly in the following aspects:

first, the business and passenger transport activities in the shipping and aviation fields are increasing. In addition to road transportation, lubricant additives are also in great demand in ship and air transportation. Container based ocean transportation is gradually recovering from the reduction in goods and trade caused by the financial crisis. In 2009, there were about 4661 container ships in the world. From 2009 to 2013, another 1181 new ships joined the transportation industry. Passenger ships, including cruise ships and ferries, are not affected much by the economic recession. The development of the aviation industry in the Asia Pacific region will also bring huge growth opportunities to the aviation lubricant market

the second is the increase in the number of cars and mileage. With the increase of vehicle mileage, the demand for automotive lubricant additives has increased, especially in North America and Western Europe. The used car market is booming, and the average oil consumption per vehicle has increased significantly than before. While consumers in Asia pay more attention to the maintenance of their cars when buying new cars, thus driving the growth in demand for high-performance automotive lubricant additives. The rapid industrialization development and the increase of car ownership in BRICs countries will also increase the use of lubricants

again, there are stricter standards for automobile exhaust and industrial exhaust emissions. In North America and Western Europe, it is necessary to pass the emission test before getting the vehicle driving license, which stimulates the replacement of oil products and the use of higher-grade lubricant additives. A regulation on reducing carbon dioxide emissions from light vehicles issued by the European Union requires equipment manufacturers to reduce carbon dioxide emissions from 130.0 g/km to 95.0 g/km from 2015 to 2020. China also puts forward mandatory requirements for exhaust emissions of passenger cars, from 6.9 liters per 100 kilometers in 2015 to 5 liters per 100 kilometers in 2020. The improvement of environmental protection requirements means the increase in the demand for lubricating oil additives

finally, it comes from the maintenance shop and service. 4. Main parameters: strong recommendation from the service station. When recommending lubricant additives to customers, automobile maintenance stations and gas stations are more willing to choose high-quality products. Since the functions of lubricant additives cannot be seen directly, customers often pay attention to listening to the opinions of professional service personnel

the toxic gas emission of industrial machinery and equipment is closely related to the safety of workers. Therefore, company managers and maintenance personnel generally prefer to purchase high-grade lubricating oil additives to reduce emissions and accident risks

the market is highly concentrated

the global lubricant additive market is highly concentrated, mainly led by the following four companies: Lubrizol, Infineon, Chevron oronite and Afton. These four companies have a market share of more than 85%. Among them, Lubrizol occupies the leading position with 34.0% market share, followed by runyinglian and Chevron, accounting for 23.5% and 18.0% respectively

in short, challenges and opportunities coexist in the global lubricant additive Market in the future. The main trends include: with the growth of customers' demand for high-quality products, the penetration rate of lubricant additives of high-grade base oil and biological base oil in automotive and industrial fields will continue to increase; The economic development and the acceleration of urbanization in the Asia Pacific region will further increase the demand for low-grade lubricating oil additives in the region; Globally, the concept of sustainable development and environmental protection, health and safety standards will stimulate lubricant additive manufacturers to strive to develop more dust free, non-toxic additives and biodegradable products

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