Middle East & Africa lubricating oil additives market report has Forecasted Compound Annual Growth Rate (CAGR) in % value for particular period for market that will help user to take decision based on futuristic chart. The report provides with CAGR value fluctuation during the forecast period of 2019-2026 for the market. This report is a valuable source of guidance for companies and individuals offering Industry Chain Structure, Business Strategies and Proposals for New Project Investments. The Middle East & Africa lubricating oil additives market report also studies the various inhibitors as well as motivators of the patient handling equipment market Products market in both quantitative and qualitative manners in order to provide accurate information to the readers.
Middle East & Africa lubricating oil additives market is growing at a CAGR of 4.2% in the forecast period 2019 to 2026.
Market Segmentation: Middle East and Africa Lubricating Oil Additives Market
Middle East and Africa lubricating oil additives market is segmented into three notable segments which are functional type, application and end user.
On the basis of functional type, the market is segmented into anti-wear agents, detergents, dispersants, viscosity index improvers, anti-oxidants, extreme pressure additives, rust and corrosion inhibitors, pour point depressants (PPD), emulsifiers, friction modifiers, oxidation inhibitors and others.
In April 2018, Evonik, participated at IM CONVENTION 2018 in Germany that was about offering maximum productivity, better fuel economy and more power equipment.
On the basis of application, the market is segmented into industrial oil, metalworking fluid, and process oil, engine oil, and gear oil, hydraulics fluid and other.
In May 2018, Croda won ICIS Surfactant sustainability award for their new pioneering bio-ethylene oxide plant for meeting the growing demand of consumers for more environment sustainable and bio based products.
On the basis of end user, the market is segmented into industrial and automotive. Automotive is further segmented into heavy-duty vehicles, passenger car and other.
In September 2018, Eni marked the starting of the construction of the Hull for Coral South Floating LNG Unit. The unit is designed as such to accommodate all the storage facilities for all the substances that are processed and produced in the floating liquefaction plant.
Key Players: Middle East and Africa Lubricating Oil Additives Market
BASF, Eni, Baker Hughes, a GE company, Infineum, BRB International BV, Celanese, Chevron, Eastman Chemical Company, LANXESS, The Lubrizol Corporation, Shamrock Shipping and Trading Limited, Tianhe Oil, Croda, Afton Chemical, Evonik, R. T. Vanderbilt Co., Clariant, Jinzhou Kangtai Lubricant Additives Co,Ltd, Eurolube Australia, EUROLUB GmbH, Jinzhou Runda Chemical Co., Wynn’s Europe, Ltd, MidContinental Chemical Company, Inc., International Petroleum Group, and others
Recent Industry Business Expansion:
In November 2018, GE Power’s announced the opening the opening of their Biotechnology manufacturing centre in Stevenage Bioscience Catalyst. It is planned that in the first half of 2019 this unit will start producing fibre-based purification platform.
Table of Contents: Middle East and Africa Lubricating Oil Additives Market
Scope/opportunities of the Report
Porter’s Five Forces Analysis
Business Decision Framework
Drivers And Challenges
Market Key Trends
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