Lubricant Antioxidants Market is estimated to be US$ 2.35 billion by 2030 with a CAGR of 3.9% during the forecast period prophecymarketinsights.com

Lubricant Antioxidants are high performance additives that are used to increase the lifespan of lubricants by raising their oxidative resistance. Further, lubricant antioxidants provide excellent protection against corrosion, reduce viscosity, eliminate contaminants and protect oil at high temperature. Many artificial lubricants such as hydrocarbon based lubricating oils are at risk of degradation due to formation of sludge and varnish all through the oxidation procedure. These antioxidants decrease the formation of peroxides and reactive free radicals, that is the predominant motive of oil thickening and allow lubricants to function at high temperature, which is expected to drive the lubricant antioxidant market.