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Home   Chemicals    Lubricating Oil Additives

Lubricating Oil Additives

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

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