World Lubricating Oil Additive Market to Grow 2.1% Annually from 2015 to 2019

Date: 2015-10-12

Global demand for lubricating oil additives is forecast to expand 2.1% p.a. between 2015 and 2019. China, France, Italy, Jordan and the United States are considered the highest potential markets in the coming years. 

According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global lubricating oil additive industry is forecast to reach 2.1% p.a. in the coming years. Between 2008 and 2014 the market increased with an average annual growth of 10.3%. Currently, petroleum and bitumen oil lubricating oil additives account for 90.6% of the global demand while petroleum and bitumen oil lubricating oil additives have a 9.4% share of the market.

China, France, India, Italy and the United States represent the largest lubricating oil additive markets while the strongest annual growth is forecast to occur in Jordan (13.5%), Ethiopia (8.6%), Bangladesh (7.4%), India (6.2%) and Denmark (5.6%).

Global demand for lubricating oil additives is forecast to expand 2.1% p.a. between 2015 and 2019. China, France, Italy, Jordan and the United States are considered the highest potential markets in the coming years. 

According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global lubricating oil additive industry is forecast to reach 2.1% p.a. in the coming years. Between 2008 and 2014 the market increased with an average annual growth of 10.3%. Currently, petroleum and bitumen oil lubricating oil additives account for 90.6% of the global demand while petroleum and bitumen oil lubricating oil additives have a 9.4% share of the market.

China, France, India, Italy and the United States represent the largest lubricating oil additive markets while the strongest annual growth is forecast to occur in Jordan (13.5%), Ethiopia (8.6%), Bangladesh (7.4%), India (6.2%) and Denmark (5.6%).

Ranking

Country

Market Potential Rate

1

China

0.72

2

United States

0.24

3

Italy

0.17

4

France

0.17

5

Jordan

0.14

6

India

0.11

7

Ethiopia

0.09

8

Bangladesh

0.08

9

Denmark

0.06

10

Vietnam

0.05

11

Germany

0.05

12

South Korea

0.05

13

Romania

0.05

14

Bolivia

0.05

15

Mexico

0.05

16

Canada

0.04

17

Australia

0.04

18

Pakistan

0.04

19

Sri Lanka

0.04

20

Azerbaijan

0.03

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