Global lubricant additives market is anticipated to grow at a CAGR of 4.3% by 2023
23-nov-2018 Lubricant additives are termed as a chemical component which provides one or many functions in the fluid, when used at a specific treat rate. They are mainly used to reduce the friction stress between surfaces. It helps to advance the present base oil, suppress undesirable base oil, and impart new properties to base oil with extreme pressure additives. Lubricant Additives Market is segmented based on types, application, and region. Detergent or dispersant additive, anti-oxidant additive, extreme-pressure additive, anti-foaming additive, anti-wear additive, and friction modifier are the types that could be explored in lubricant additives in the forecast period. The market may be categorized based on applications like industrial lubricant and automotive lubricant that could be explored in the forecast period. Industrial lubricant sector comprises general industrial oils, metal working fluids, industrial engine oils, and others. On the other hand, automotive lubrica...