Global Diesel Lubricity Improver Market Overview:
Lack of lubrication due to reduced sulfur levels in diesel fuels causes an injection pump failure. Diesel lubricity improvers prevent excessive engine wear and reduce maintenance costs. Stringent government regulations regarding the quality of diesel fuel have been tightened globally hence driving the demand for diesel lubricity improvers. In addition, market players are focusing on advancements in fuel additives. For instance, BASF SE started methanol, EU-REDcert production using renewable raw materials based on the biomass balance approach. It can be used as raw material for the chemical conversion process into other fuel additives or fuels. Moreover, rising demand from the developing economies owing to growth in the automobile industry propelling market growth. Some of the key players profiled in the study are Afton Chemical Corporation (United States), Innospec Inc. (United States), The Lubrizol Corporation (United States), BASF SE (Germany), Infinieum Limited (United Kingdom), Evonik Industries AG (Germany), Chevron Oronite Company LLC (United States) and Lanxess (Germany).
On the basis of geography, the market of Diesel Lubricity Improver has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-User Industry, the sub-segment i.e. Automobile [Passenger Vehicles will boost the Diesel Lubricity Improver market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Stringent Government Norms Regarding Emission of Pollutants
- Growth in the Automotive Industry
Market Trend
- Technological Advancement in the Hardware of Vehicles
- Increasing Use of Highly Paraffinic Diesel
Restraints
- Huge Investment in R&D for Diesel Lubricity Improver
- Availability of Alternate Fuels
Opportunities
- Increasing Demand for Ultra-Low Sulfur Content Diesel
- Rising Demand from the Developing Economies
Challenges
- Lack of Awareness in the Emerging Economies
Major Market Developments:
26th February 2019, Lanxess expanded its corrosion inhibition additives production capacity which resulted in a 15% increase in global corrosion inhibition additives production capacity. This has helped the company meet the increasing global demand.
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on expanding their business presence globally. For instance, Afton Chemical Corporation expanded its chemical additive production facility on Jurong Island, Singapore in order to strengthen its presence in the Asian market.
Target Audience:
Diesel Lubricity Improver Manufacturers and Diesel Lubricity Improver Distributors
Major Objectives Focused through this Study
To define, describe, and forecast the Global Diesel Lubricity Improver market on the basis of product [Acidic Lubricity Improver and Non-Acidic Lubricity Improver] , application [
], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Diesel Lubricity Improver market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Diesel Lubricity Improver industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Dorf Ketal Chemicals (India), Cummins Inc. (United States) and Cerion LLC (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Diesel Lubricity Improver market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.