Global Anti Wear Additives Market Overview:
Anti-wear additives are additives for lubricants to prevent metal-to-metal contact between parts of gears and that are used with lighter loads such as bushings. An anti-wear (AW) additives substance is a tribochemical dynamic substance that is a compound activity that takes place in a rubbing contact and which might influence and be influenced by the rough activity. The anti-wear additives substance creates a response layer on the workpiece surface during the machining system. The response items are effectively twisted and eliminated, decreasing the stacking of the grating instrument. The impact of the tribochemical activity of the anti-wear additives substances is to make the machining system simpler and to lessen grating instrument wear. The tribochemical component is especially significant for enhancing rough machining of hard-to-granulate materials and for dragging out the micro profile of the bleeding edges and the macro profile of the grating instrument.
- Strong performance of the industrial sector increases demand for anti-wear additives
- Growing demand from the automotive industry
- Stringent government rules and regulations
- Negative impacts on the environment of using anti-wear additives
- Increasing growth of automobile in the developing countries develop new opportunities
- Substantial research and development of developed countries
- The fluctuations of prices of crude oil places lubricant anti-wear additives producers in adverse situations
The leading players in the market are making new development as per the requirement of the consumers and deliver quality to their customers. Companies are making new strategic collaborations and by making the combination of technology make new development and avail the competitive advantage.
Some of the key players profiled in the report are Lubrizol (United States), Infineum (United Kingdom), Chevron Oronite (United States), Croda International Plc (United Kingdom), Afton Chemical Corporation (United States), BASF (Germany), Chemtura Corporation (United States), Vanderbilt Chemicals (United States), Evonik (Germany) and Tianhe Chemicals Group (China). Analyst at AMA Research see United States Vendors to retain maximum share of Global Anti Wear Additives market by 2026.
On 12 February 2021, The Lubrizol Corporation announces that itís ready to meet the complex requirements of General Motorsí next-generation dexos 1 passenger car motor oil specification. Testing has been underway to enable Lubrizol to leverage its Lubrizol PV1500 series technology and have an additive solution available for first licensing. This single additive and viscosity modifier, coupled with flexible base oil choice and cascading treat rate, provides the optimal solution to meet the needs of a diverse range of vehicle makes.
What Can be Explored with the Anti Wear Additives Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Anti Wear Additives Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Anti Wear Additives
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Anti Wear Additives market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Anti Wear Additives market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Industrial Associations, Government Regulatory Bodies, Automobile Companies and Research Institutions.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Anti Wear Additives Market?
The Anti Wear Additives market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Anti Wear Additives Market?
Top performing companies in the Global Anti Wear Additives market are Lubrizol (United States), Infineum (United Kingdom), Chevron Oronite (United States), Croda International Plc (United Kingdom), Afton Chemical Corporation (United States), BASF (Germany), Chemtura Corporation (United States), Vanderbilt Chemicals (United States), Evonik (Germany) and Tianhe Chemicals Group (China), to name a few.
3. What trending factors would impact Anti Wear Additives Market growth most?
"Increase in the innovation of new automobiles such as aluminum trucks, smart cars
" is seen as one of major influencing trends for Anti Wear Additives Market during projected period 2020-2026.