Market Research Future (MRFR) will be publishing a cooked research report on the “Global Anti-wear Additives Market” that contains the information from 2019 to 2028.
MRFR recognizes the following companies as the key players in the global Anti-wear Additives market— Croda International Plc, BASF, Chemtura Corporation, Evonik, Lubrizol, Infineum, Chevron Oronite, Vanderbilt Chemicals, Tianhe Chemicals Group, Afton Chemical Corporation, and others.
Market Overview
According to the MRFR analysis, the global anti-wear additives market size is expected to reach over USD 834.8million by the end of 2028 at a CAGR of 2.1%.
Anti-wear additives, also called AW additives, are lubricant additives used to prevent metal surfaces between gear parts. It reacts with metal surfaces under ambiance and high temperature, forming a protective additive-derived layer between the metal surfaces, hence reducing friction and controlling wear. These additives are generally phosphorous based, with ZDDP (zinc dialkyldithiophosphates) being the most commonly used in engine oils and thus are the primary sources of phosphorous in engine oils. The other anti-wear additives are tricresyl phosphate and other phosphate esters.
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Market Dynamics
The growth of anti-wear additives is attributed to the continuous use of these materials across the end-use industry, such as automotive, metalworking, construction, and others. The growing construction industry in emerging economies is expected to create an opportunity for the market players to develop and launch new anti-wear additive products and enhance their position in the market. In addition, automotive is one of the major factors for the growth of the market.
Covid Impact:
The pandemic has created a significant impact on the various end-use industry of the anti-wear additives market, including automotive, metalworking fluids, construction, and others. The outbreak of Covid-19 has resulted in a lockdown across regions, border restrictions, and breakdown of transportation networks; this is projected to significantly impact the chemicals and materials supply chains, international trade, and manufacturing operations across the world. The automakers planned to halt the production in North America to slow the spread of the Covid-19 virus. However, currently, the region is the global epicenter of the outbreak, with the daily number of confirmed cases outstripping the number in China. This is causing a marked effect on the economy as well as society and leading to massive economic disruption, with the automotive industry at the center of this turmoil.
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Segment Analysis
By Type
By Region
By End-use Industry
This segment is classified into automotive, construction, metalworking, and others.
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By Application:
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