According to QYResearch, the global lubricant additives market sales reached USD 15.99 billion in 2023 and is expected to reach USD 18.21 billion in 2030, corresponding to a CAGR of 1.9% from 2024 to 2030. As an important consumer of lubricant additives globally, China's apparent demand for lubricant additives in 2021 was 950,100 tonnes, with a CAGR of 2.99% from 2013 to 2021.
Source: Oriental Fortune
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