Core tip: 08 month 28 days Sullivan consulting company recently completed "globallubricating oil additives market strategy analysis" report, the next 7 years, strong growth in global lubricating oil additive demand will

08 month 28 days

Sullivan consulting company recently completed "global lubricating oil additives marketstrategy analysis" report, the next 7 years, strong growth in global lubricating oil additive demand will. Global lubricating oil additive sales revenue surged 38.2% from $11800000000 in 2013, reaching $16300000000 in 2020, especially the deposit controladditives market will show the fastest growth rate.

At present, in terms of sales, deposit control additives have accounted for the largest share of lubricating oil additives market, is about 51.7%, and the next 5 years will be to5% compound annual growth rate continues to grow. The additive for pollution control technology will continue to promote the growth of the market in North America and Western europe. Due to increasingly stringent environmental regulations, lubricating oil additive manufacturers will further reduce sulfur, phosphorus content. From the area ofdemand, the Asia Pacific is expected to continue to dominate the world of lubricating oil additives market, it is expected that by 2020, the Asia Pacific region lubricating oil additive shipments share will reach 39.8%.