(EMAILWIRE.COM, January 07, 2017 ) Lubricating oil additives are chemical compounds used to enhance the properties of base oil by imparting properties such as corrosion resistance, anti oxidation and viscosity enhancement among others. In addition to enhancing lube oil properties, they suppress undesirable base oil properties such as decreasing pour point of lubricating oils and impart new properties such as neutralizing strong acids. Chemically, lubricating oil additives can be organic or inorganic in nature. They are added to engine oils, gear oils, hydraulic oils and cutting fluids among others. The combination of different additives and their quantities are determined by the lubricant to which they are added.

The automotive engine crankcase lubricants extensively employ additives for the smooth functioning of the vehicle. Thus, the rising demand for lubricating oil additives in automotives is expected to boost the market in the near future. This trend is expected to grow within the forecast period. Furthermore, stringent government regulations pertaining to emission control requirements necessitate the use of lubricating oil additives. Addition of these additives to lubricating oils enhances their performance and reduces the emission of harmful gases from automobiles. Strict regulations regarding vehicular emission are expected to drive the lube oil additives market in the coming years. However, the quantity of additives to be added to lubricating oils needs precise calibration, non compliance to which leads to deterioration of vehicle life. The growing GDP of emerging economies in Asia Pacific are expected to open new areas of opportunity for lubricating oil additives market within the forecast period.

Some of the key players profiled in this market research report include the Lubrizol Corporation, Infineum, Chevron Oronite Company LLC and Afton Chemical Corporation.

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