DUBLIN, October 18, 2021--(BUSINESS WIRE)--The "Petroleum Additives - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Petroleum Additives estimated at US$22.6 Billion in the year 2020, is projected to reach a revised size of US$29.1 Billion by 2027, growing at a CAGR of 3.6% over the period 2020-2027.
Lubricating Oil Additives, one of the segments analyzed in the report, is projected to record 3.1% CAGR and reach US$17.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Fuel Oil Additives segment is readjusted to a revised 4.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $6.1 Billion, While China is Forecast to Grow at 6.5% CAGR
The Petroleum Additives market in the U.S. is estimated at US$6.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.1 Billion by the year 2027 trailing a CAGR of 6.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.1% and 2.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR.
Select Competitors (Total 133 Featured):
Afton Chemical Corp.
Baker Hughes Inc.
Chevron Oronite Company LLC
CITGO Petroleum Corp.
Evonik Industries AG
ExxonMobil Chemical Company
Infineum International Ltd.
Royal Dutch Shell plc
The Lubrizol Corp.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
Petroleum Additives Market - A Primer
Recent Market Activity
Lubricant Additive - The Traditional Revenue Contributor
Fuel Additives - The Fastest Growing Market
Assessing the Impact of Recent Past Economic Upheavals on Global Petroleum Additives Market
Improving Economy Buoys General Market Optimism
Concerns Over Rising Air Pollution Drives Spotlight on Petroleum Additives
Projected Growth in Industrial Production & Subsequent Rise in Consumption of Industrial Fuel & Lubes to Boost Petroleum Additives Market
Outlook - A Mixed Bag of Opportunities & Challenges
Strong Growth in Developing Markets to Drive Market Prospects for Petroleum Additives Market
Need to Achieve Product Differentiation Driving Additive Consumption among Fuel and Lubricant Suppliers
Lubricant Oil Additives - Competition
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Growing Petroleum Refining Activity Drives Market for Petroleum Additives
Oil and Energy Demand to Bolster Drilling Fluid Additives Market
Fuel Enhancement Properties Driving Refinery Fuel Additives Demand
Depleting Availability and Quality of Crude Oil to Drive Demand for Fuel Additives
Fuel Additives Market Continues Impressive Growth Streak
Projected Rise in Auto Sales & Vehicle Miles Travelled and Parallel Rise in Auto Fuel & Lubricant Consumption to Boost Demand for Additives
Directives to Curb Emissions Propel Automotive Aftermarket Fuel Additives Market
North America to Maintain Lead
Growth in Commercial & Military Aviation Sector & Subsequent Rise in Aviation Fuel & Lubricant Consumption to Boost Market for Petroleum Additives
Jet Fuel Additives Market to Post Healthy Growth
Marine Fuel Additives: Developed Regions to Remain Key Markets
Nano-Additives in Oil Sector: A Brief Overview
Increase in Demand for ULSD to Boost Market Prospects for Fuel Additives
Specialty Fuel Additives Drives Growth
Growing Prominence of Biofuels - A Key Opportunity for Fuel Additives
Additives - Critical to Lubricants
Healthy Growth of Automobile Sector Impels Lubricant Additives Demand
Federal Regulations Governing Fuel Economy to Boost Market Prospects for Lubricant Additives Market
Dual Clutch Technology Driving Significant Opportunity for Lubricant Additives
Lubricants as Dispersants & Viscosity Index Improvers Dominate Market, While Lubricants as Antioxidants Show Tremendous Growth Prospects
Engine Oil Additives - Major Lubricant Additive Segment
HDMO & PCMO - Major Applications of Lubricant Additives
Industrial Engine Oil Segment Provides Lucrative Opportunities
Growing Market for Metalworking Fluids Adds to Growth in Lubricant Additives Market
Petroleum Additives as Antioxidants Gains Prominence
SONGWON - A Key Antioxidants Producer
Prices of Lubricant Additives on an Upward Trend
Major Issues Dragging Down Growth in Petroleum Additives Market
R&D Efforts & New Product Introductions to Boost Demand
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/nzpp6m
View source version on businesswire.com: https://www.businesswire.com/news/home/20211018005491/en/
Laura Wood, Senior Press Manager
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