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LUBRICANT ADDITIVES DEMAND TO REACH NEARLY 2 BILLION POUNDS IN 2004.

US demand for lubricant additives is forecast to increase less than one percent yearly to 1.9 billion pounds in 2004, valued at $1.7 billion. Gains will be restrained by extended drain intervals, lubricant recycling programs, and sealed-for-life components. With each step up in base oil quality, the importance and value added by the additive package is diminished as more highly refined base oils require fewer additives. Overall saturation in key applications (namely gasoline engine oils) will also limit advances. Shifting automotive lubricant specifications will have little or no effect on commodity-type additives. The rising use of synthetic, semi-synthetic, and vegetable oil base stocks in place of conventional hydrocarbons is projected to raise the loading factors of certain additives that extend the useful life of lubricants while improving performance. These and other trends are presented in Lubricant Additives, a new study from The Freedonia Group, Inc., a Cleveland-based industrial market research firm.

Deposit control additives will continue to account for the largest share of both volume and value demand. These additives will see below-average growth, reflecting saturation in key lubricant applications and lower treat rates prompted by changing motor oil specifications. More substantial increases are projected for lower-volume, high-value additives. Strong opportunities exist in the expanding markets of the Asia/Pacific region and Latin America, despite relatively slow growth in the US. Exports accounted for nearly half of all US lubricant additive production in 1999 and will grow faster than additive sales in the US.

Automotive end uses accounted for the majority of lubricant additive demand in 1999, although growth in consumption for this market will be below average. Weak automotive lube demand will restrain advances in additive use. Additives in industrial uses will provide growth opportunities, due to the greater use of alternative base stocks that require higher treat rates of specialty additives.

Lubricant Additives (published 07/2000, 168 pages) is available for $3,500 from The Freedonia Group, Inc., 767 Beta Drive, Cleveland, OH 44143-2326. For further details, please contact Corinne Gangloff by phone 440.684.9600, fax 646.0484 or e-mail pr@freedoniagroup.com. Full text is also available online through commercial database companies and the www.freedoniagroup.com Web site.

Please attribute information from this news release to The Freedonia Group (Cleveland, OH) and include, if possible, the price of the report. We would also appreciate a copy of the article or publication in which we appear.

US LUBRICANT ADDITIVE DEMAND (million pounds)
 % Annual Growth

Item 1989 1999 2004 99/89 04/99

Lubricant Additives Demand 1529 1870 1920 2.0 0.5
 Deposit Control Additives 760 905 903 1.8 -0.0
 Viscosity 268 329 340 2.1 0.7
 Antiwear & EP Additives 165 197 204 1.8 0.7
 Corrosion Inhibitors 93 119 130 2.5 1.8
 Antioxidants 87 111 118 2.5 1.2
 Other Additives 156 209 225 3.0 1.5



Freedonia Group, Inc. (Cleveland, OH)
COPYRIGHT 2000 Subscription: $00.00 per year as of 1/94. Published irregularly. Contact Freedonia Group, 3570 Warrensville Cente
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Copyright 2000 Gale, Cengage Learning. All rights reserved.

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Comment:LUBRICANT ADDITIVES DEMAND TO REACH NEARLY 2 BILLION POUNDS IN 2004.
Publication:Research Studies - Freedonia Group
Geographic Code:1USA
Date:Jul 21, 2000
Words:487
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