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Lubricating Additives market was $ 17.9 billion in 2017 and is estimated grow with CAGR of 3.09%

The Global Lubricating Additives market was $ 17.9 billion in 2017 and is estimated grow with CAGR of 3.09% till 2024 to reach 22 billion. Developing economies and rising industrialization are the major factors driving the lubricant additive market in regions such as APAC, which accounts for around 30% of the lubricant additive demand.

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Lubricating Additives market was $ 17.9 billion in 2017 and is estimated grow with CAGR of 3.09%

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  1. The Global Lubricating Additives market was $ 17.9 billion in 2017 and is estimated grow with CAGR of 3.09% till 2024 to reach 22 billion.

  2. Asia Pacific will have the largest share in the Lubricant Adhesives Market during the forecast period due to the development of efficiency norms along with increase in environmental concerns about carbon emission in countries such as China, India, and Japan. The growth of industrialization and automotive industry are other factors which drive the growth of industrial lubricant oil in the region. China is the largest producer of automobiles and the used car sales have witnessed a significant growth. Chinese government is focusing on recycling of waste lubricants, which is expected to have a significant growth potential in the coming years. Contact : sales@industryarc.com

  3. Selected Regulatory Analysis Done in the Full Report: he passenger car motor oil will dominate the Lubricant Additives Market during the forecast period. The EURO norms which regulate the amount of NO(Nitrogen Dioxide) and CO(Carbon Monoxide) will drive the demand for the passenger car motor oil.The increasing preferences of consumers towards the use of low viscosity oil is also responsible for the growth of this segment. In general industrial oil will have the fastest growth in the forecast period. Contact : sales@industryarc.com

  4. Selected Driving Factors Mentioned in the Full Report: Contact : sales@industryarc.com

  5. Key Players of the Augmented and Virtual Reality Content and Application Market Lubrizol Corporation Chevron Oronite Company LLC Infenium And more Download Sample Report Contact : sales@industryarc.com

  6. You Can Customize the Report as Per Your Need. We have included Some Customization Options Company Profile Analyst Briefing Data Tables Key Contacts Contact : sales@industryarc.com

  7. About IndustryARC IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business. Contact : sales@industryarc.com

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