Lubricant additives are organic or inorganic chemicals that are dissolved or suspended in a solid form in oil. The concentration of these chemicals varies from 0.1% to 30% of the oil volume, depending on the type of equipment that needs oil as a lubricant. A rise in the sales of passenger and commercial vehicles is driving the market in the automotive sector. Lubricating oil additives are widely employed in transmission fluids, engine oils, hydraulic fluids, and gear oils that are commonly used in the automotive and other industries.
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Companies Profiled in this report includes:
• Evonik Industries AG
• The Lubrizol Corporation
• LANXESS
• Nouryon
• Mol-lub Kft.
• Dover Chemical Corporation
• Croda International plc
• Chevron Corporation
• BASF SE
• EXXON MOBIL CORPORATION