The concept of lubricant Oil Additive is to add one or more compounds to lubricants in order to obtain some new properties of lubricants or to improve some of the existing properties of lubricants. Additives are mainly divided into functional categories, such as High Temperature Antioxidants, Antiwear EP Additive, friction modifiers, extreme pressure additives, Antifoam Additive Package, Rust Preventative Anti-rust Additive, Gear Oil Additive Package, PCMO Gasoline Engine Oil Additive Package and so on.
In recent years, the good growth of China's automotive industry has made China the world's largest market for lubricant additives. With the continuous progress of domestic additive technology, some domestic additive products can compete with foreign additives in domestic and foreign markets. According to statistics, the domestic output of lubricant additives in 2017 is 641.2 million tons, and the domestic output of lubricant additives in 2018 is increased to 669 million tons. The main additives in China are comparable to those in other countries, but there is still a gap in product quality, and high-end products still need to be imported.
In China, lubricant oil additives are widely used in transportation, construction machinery, metallurgy, mining, machine tools, special operations and other fields. Transportation is the most widely used market. With the gradual enhancement of environmental protection awareness in China, the requirements for lubricating oil quality are more and more stringent, so the development of additives in terms of demand and variety is more rapid. In 2018, China's demand for lubricating oil additives was 912,400 tons, and the demand for detergent, dispersant and Viscosity Index Improver was relatively balanced, all of which remained between 21% and 25%.
As an important component of lubricant oil, additives are the key products to determine the quality and performance of oil products. Due to technology, market and matching gap, the domestic Lubricant Additive market has long been dominated by four major additive enterprises in Britain and the United States, including Lubrizol. Influenced by the rapid growth of China's motor vehicle market, the acceleration of the process of industrial powers and the strengthening of energy-saving and environmental protection measures, it is expected that the market demand for lubricant additives in China will continue to grow at a higher rate than the global average in the next few years.
Our company is a professional manufacturer of Lubricant Additive for years, and our main products including: Lubricant Component, Lubricant Additive Package and Metal Working Fluid. If you need it, please contact us.
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