U.S. demand for lube additives will grow 4.3 percent a year to reach nearly $3.9 billion in value by 2017, a new study forecasts. The industry will see a recovery in volume demand combined with a continued shift to new, high performance products, according to "Lubricant Additives," a new study from market research firm Freedonia Group. While demand from automotive applications is expected to rise, "advances will be restrained due to weak growth in vehicle-miles traveled, lengthening service intervals and little room to further increase additive concentrations," the Cleveland company observed. "
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