LUBRICANT ADDITIVES DEMAND TO REACH NEARLY 2 BILLION POUNDS IN 2004.
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 email@example.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)
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|Comment:||LUBRICANT ADDITIVES DEMAND TO REACH NEARLY 2 BILLION POUNDS IN 2004.|
|Publication:||Research Studies - Freedonia Group|
|Date:||Jul 21, 2000|
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