Tag Archives: Lubricant Additives Market Report

Lubricant Additives Market is Expected to Reach US$ 18.5 Billion by 2024

According to the latest report by IMARC Group, titled “Lubricant Additives Market: ****** Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the ****** lubricant additives market size reached US$ 15.4 Billion in 2018. Lubricant additives refer to organic or inorganic chemical compounds that are suspended or dissolved in engine oils and functional fluids to enhance their overall performance. They assist in improving the existing base oil properties with anti-foam and demulsifying agents and suppressing the undesirable properties with pour-point depressants. They are also used for imparting new properties to base oils with extreme pressure (EP) additives. Lubricant additives help in averting reaction with moisture present in the environment by creating a protective chemical barrier that safeguards the machinery from internal rust.