Oxidation inhibitors are chemical additives that prevent oxygen from reacting with oil. They serve in increasing the useful life of oils and slowing down the oxidative degradation process. As all modern oils and lubricants are hydrocarbon-based, they are highly susceptible to oxidation. Hence today's modern oil composition includes base oil and additives such as oxidation inhibitors and antioxidants and a number of other functional additives.
MARKET DYNAMICS
The steadily rising manufacturing output and the growing demand for industrial oils from diverse end-use industries are anticipated to drive the demand for industrial oils and augment the consumption of oxidation inhibitors. Oil replacement and maintenance of old machinery and equipment have created significant demand for new lubricants and oils and subsequently driven the oxidation inhibitors market. The proliferation of wind turbine farms and the installation of steam and hydroelectric power turbines to meet the rising demands for electricity across the globe has created substantial opportunities for the turbine oil industries. The robustly growing wind energy sector and its allied turbine oil industries are likely to spur the consumption of oxidation inhibitors in the forecast period.
MARKET SCOPE
The "Global Oxidation Inhibitors Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the oxidation inhibitors market with detailed market segmentation by oil type, application, end use industries, and geography. The global oxidation inhibitors market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading oxidation inhibitors market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global oxidation inhibitors market is segmented on the basis of oil type, application, and end use industries. On the basis of oil type, the oxidation inhibitors market is segmented into mineral oils, synthetic oils, bio-based oils, engine oil, gear oil, process oil, industrial oil, hydraulics fluid, metalworking fluid, and others. The oxidation inhibitors market on the basis of application is classified into steam turbines, gas turbines, wind turbines, and hydroelectric turbines. Based on end use industries, the global oxidation inhibitors market is divided into automotive, industrial, aerospace, defense, and energy.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global oxidation inhibitors market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The oxidation inhibitors market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the oxidation inhibitors market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the oxidation inhibitors market in these regions.
MARKET PLAYERS
The reports cover key developments in the oxidation inhibitors market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the oxidation inhibitors market are anticipated to lucrative growth opportunities in the future with the rising demand for oxidation inhibitors in the global market. Below mentioned is the list of few companies engaged in the oxidation inhibitors market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the oxidation inhibitors market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the key development in the past five years.
- Ashland Global Specialty Chemicals Inc.
- Avista Technologies, Inc.
- BASF SE
- Clariant AG
- Eastman Chemical Company
- Ecolab Inc.
- Gulf Coast Chemical LLC
- Innospec Inc.
- Kemira Oyj
- Solvay SA
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.