Global Market for Petroleum Additives to Exceed US$8.6 Billion by 2010, According to a New Report by Global Industry Analysts, Inc.

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The worldwide petroleum additive market has been witnessing slow growth for the past few years and is expected to remain the same in forthcoming years. Following the trends and demand pattern of petroleum industry, the market has been adversely affected by the fluctuation in the price of crude oil and refined products. Global market for petroleum additives is projected to exceed US $8.6 billion by 2010.

Petroleum Additives: A Global Strategic Business Report

The market for lubricant additives and fuel additives used in automobile industry has been exhibiting differing trends for different regions, chiefly based on environment regulations and specifications implementation by regional legislation and governmental authorities. These regulations are quite stringent in the western countries, and slowly the developing countries, are aping their western counterparts.

Petroleum additives market in Europe is estimated to exceed US$2.7 billion in 2007. Asia-Pacific accounts for share of approximately 18% of the global petroleum additives market, estimated for 2007. European fuel additives market is projected to exceed US $818 million by 2010. Europe and the US together account for nearly 59% of global lubricating oil additives market in value terms.

Key players listed in the report include Chevron Oronite, Chemtura Corporation, Ethyl Corporation, Afton, ExxonMobil Chemical, Infineum, Lubrizol Corporation, Innospec Inc, Repsol YPF and Royal Dutch Shell Plc.

"Petroleum Additives: A Global Strategic Business Report" published by Global Industry Analysts, Inc., analyzes the global market with hard-to-find data and analytics for key regional markets such as the United States and Europe, alongside up and coming markets such as Asia-Pacific, Latin America and the Middle East. The report provides a comprehensive review of market trends and issues, drivers, business profile, players, competitive landscape, recent developments, mergers, acquisitions, alliances, product launches and other strategic industry activities. Analytical estimates and projections are presented in terms of annual sales in US$ over the years 2001 through 2015. Historic data is also provided for an insight into market evolution over the period 1991-2000. Product groups independently analyzed include Fuel Oil Additives and Lubricating Oil Additives. The market for lubricating oil additives is further analyzed in metric tons and US$ by functional segments namely Antioxidants, Antiwear Agents, Corrosion Inhibitors, Detergents, Dispersants, Extreme Pressure Additives, Foam Control Agents, Pour Point Depressants and Viscosity Index Improvers.

For more details about this research report, please visit

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

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