Lubricant and fuel additives market growth 2019 2024
Lubricant and fuel additivesu00a0is classified into additive package and single component according to the product type. As of 2018, additive package segment dominates the market contributing more than 74% of the total market share, reach to 4.18 million tons.u00a0Lubricant and fuel additivesu00a0is major applied in automotive, Industrial and others industry, in 2018, demand for a automotive industry occupied the largest market, with 70% share, reach to 3.93 million tons.Lubricating oil additives (LOAs) are used to enhance the performance of lubricants and functional fluids.
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