Lubricant Antioxidants Market Estimates Suggesting A CAGR Of 3.6% Between 2018 And 2028

The lubricant antioxidants market is a significant industry that focuses on additives used to prevent oxidation and degradation of lubricating oils and greases. With a wide range of applications across industries such as automotive, industrial machinery, and aerospace, the market has experienced steady growth. Lubricant antioxidants are chemical compounds that inhibit the formation of harmful free radicals, which can cause lubricant breakdown and lead to decreased performance and equipment failure. Various types of antioxidants are utilized in lubricants, including phenolic antioxidants, aminic antioxidants, and phosphite antioxidants, among others. Each type offers specific benefits and is suitable for different lubricant formulations and operating conditions. By incorporating antioxidants into lubricants, manufacturers can enhance their thermal stability, reduce viscosity increase, and improve resistance to oxidative degradation. These additives also help prevent the formation of sludge, varnish, and deposits, leading to reduced equipment wear and extended oil drain intervals.

The application areas of lubricant antioxidants are diverse. They are widely used in automotive lubricants, including engine oils, transmission fluids, and hydraulic fluids. Industrial lubricants, such as those utilized in manufacturing machinery, turbines, and compressors, also rely on antioxidants to protect against oxidation and extend the life of the lubricant. The demand for high-performance lubricants and the need for longer equipment life and reliability are key drivers for the growth of the lubricant antioxidants market.

Market trends in the lubricant antioxidants industry include the rising demand for bio-based antioxidants and environmentally friendly lubricants. With increasing emphasis on sustainability and reducing environmental impact, the development of bio-based antioxidants aligns with the industry’s evolving requirements. Furthermore, advancements in additive technology, such as synergistic combinations of antioxidants with other additives, continue to drive innovation in the market, offering enhanced performance and protection for lubricants.

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Key findings of the Lubricant antioxidants market study:

• The report provides a present market outlook on Lubricant antioxidants. Additionally, the Lubricant antioxidants market share is anticipated to grow with a CAGR of 3.0% in the forecast period.

• Regional breakdown of the Lubricant antioxidants market based on predefined taxonomy.

• Innovative manufacturing processes implemented by Lubricant antioxidants vendors in detail.

• Region-wise and country-wise fragmentation of the Lubricant antioxidants market to grasp the revenue, and growth outlook in these areas.

• Changing preferences among consumers across various regions and countries.

• Factors (Positive and Negative) impacting the growth of the global Lubricant antioxidants market.

• Lubricant antioxidants price, market share, and Trends forecast for assessment period 2018-2028

What are the Key Growth Drivers of Lubricant Antioxidants Market?

• Imposition of emission control regulations and high fuel economy standards has led to higher demand from the automotive industry.

• Lubricant antioxidants play an important role in improving the durability and lifespan of engines by forming a protective layers upon engine parts. As focus on preventive maintenance grows, demand for lubricant antioxidants and other materials has witnessed a steady surge.

• The fortunes of lubricant antioxidants industry are dependent on broader developments in lubricant production – in recent years, global lubricant production has remained steady, creating sizeable opportunities for lubricant antioxidants industry.

Competitive landscape analysis

• German chemical company BASF SE announced in June 2018 that it had signed a distribution deal with Canadian distributor of specialty chemicals and raw materials Chemroy Canada, Inc. to manage its portfolio of lubricant additives, including lubricant antioxidants and surfactants, in Canada. As clients’ demands change, BASF hopes to take use of Chemroy’s industry knowledge and adaptability to address those needs and grow its distributor network in Canada.

• A South Korean chemical business, Songwon Industrial Group, stated in December 2018 that it has launched SONGNOX® 5057, a new lubricant antioxidant, to complement and enhance its current range of phenolic, aminic, thioester, and phosphite antioxidants and stabilisers. A liquid butylated octylated aminic antioxidant called SONGNOX 5057 may be used to meet a variety of client demands in polyurethane applications. The business further stated that the new lubricant antioxidant is being developed at its Ulsan, South Korea, plant, allowing SONGNOX to service clients globally, especially those in Asia, a region with a rapidly expanding need for lubricant antioxidants.

Some of the leading companies operating in the market are :

• BASF SE, Lubrizol, Chevron Oronite Company (Chevron), Afton Chemical, Infineum (ExxonMobil), Songwon Industrial Group, ENI, Evonik, LANXESS, Jinzhou Kangtai Lubricant Additives, Wuxi South Petroleum Additive, SI Group (acquired by SK Capital), ADEKA Corporation, and OXIRIS Chemicals S. A.

What insights does the Lubricant antioxidants report provide to the readers?

• Lubricant antioxidants fragmentation on the basis of product type, end use, and region.

• Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.

• Collaborations, R&D projects, acquisitions, and product launches of each Lubricant antioxidants

• Various regulations imposed by the governments on the consumption of Lubricant antioxidants in detail.

Lubricant Antioxidants Market: Segmentation

·         Type

• Primary Antioxidants

  • Aminic

  • Phenolic

• Secondary Antioxidants

  • Phosphite

  • Thioester

• Multifunctional antioxidants

·         Application

• Automotive & transportation

  • Gasoline engine oils

  • Diesel engine oils

  • ATF

  • Gear & axle oils

• Industrial

  • Compressor oils

  • Hydraulic oils

  • Metalworking fluids

  • Turbine oils

• Speciality & fuels

  • Greases

  • Synthetic base oils

  • Vegetable oils

  • Fuels

• Others

·         Form

• Solid

• Liquid

·         Region

• North America

• Latin America

• Europe

• East Asia

• South Asia & Oceania

• Middle East & Africa

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