Lubricant Anti-wear Agents Market worth $784 Million by 2025 - Exclusive Report by MarketsandMarkets Lubricant Anti-wear Agents Market by Type (ZDDP, Phosphate, Phosphite, Phosphonate) by Application (Engine Oil, Automotive Gear Oil, Automotive Transmission Fluid, Hydraulic oil, Metalworking Fluid, Grease) and Region - Global forecast to 2025 , published by MarketsandMarkets, the Lubricant Anti-wear Agents Market is projected to grow from USD 698 million in 2020 to USD 784 million by 2025, at a CAGR of 2.4% from 2020 to 2025.
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Browse in-depth TOC on Lubricant Anti-wear Agents Market 225 - Tables 42 - Figures 224 - Pages
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Lubricant Anti-wear Agents Market 225 – Tables 42 – Figures 224 – Pages
The growing demand for passenger and commercial vehicles in the automotive industry and the increasing GDP in the Asia Pacific driven by increasing industrial activities are the key factors fueling the growth of the Lubricant Anti-wear Agents Market across the globe.
The merchant segment of Lubricant Anti-wear Agents Market, by sales channel, is expected to be the largest market from 2020 to 2025.
Merchant is a non-specific term used for anyone who sells anything, but only refers to the product or service that is being sold for a profit. The merchant sales channel in the Lubricant Anti-wear Agents Market refers to companies that produce lubricant anti-wear agents to be sold to package manufacturers to be resold to lubricant blenders. Lubricant anti-wear manufacturers may also sell products directly to lubricant blenders to be used as additives in various types of lubricants such as industrial lubricant