World - Prepared Additives For Mineral Oils - Market Analysis, Forecast, Size, Trends and Insights
Lubricant Additives Market - The U.S. Ranked First Globally in Exports of Prepared Additives for Mineral Oils, with $3.2B in 2014
The U.S. continued its dominance on the lubricant additives market. In 2014, the U.S. exported X thousand tonnes of prepared additives for mineral oils totaling X million USD, X% under the previous year. Its primary trading partner was Singapore, where it supplied X% of its total prepared additives for mineral oils exports, accounting for X% of Singapore's total imports.
Overall, the global prepared additives for mineral oils trade reached X billion USD, with a CAGR of X% from 2007 to 2014. The trade also displayed positive dynamics in physical terms, rising from X thousand tonnes in 2007 to X thousand tonnes in 2014.
In 2014, China (X%), Singapore (X%), Belgium (X%), Germany (X%) and France (X%) were the leading destinations of prepared additives for mineral oils imports, together making up X% of global imports. The share of China increased (+X percentage points), while the share of the Netherlands illustrated negative dynamics (-X percentage points).
The U.S., France and Singapore were the main global suppliers of prepared additives for mineral oils in 2014, with a combined share of X% of global exports. However, the fastest growing exporters from 2007 to 2014 were Belarus (+X% per year) and Singapore (+X% per year). With this rapid growth, Singapore was able to strengthen its position in the global export structure, from X% in 2007 to X% in 2014.
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