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Motor oil additives are chemical compounds that are added to motor oil to improve its performance and extend its life. These additives are designed to reduce friction, reduce wear, and protect against corrosion. They also help to reduce engine deposits, improve fuel economy, and reduce emissions. Motor oil additives are used in both conventional and synthetic motor oils.
The motor oil additive market is a subset of the oil industry, which is a major global industry. It is driven by the need for lubricants and other products to keep engines running smoothly and efficiently. The motor oil additive market is expected to grow in the coming years due to the increasing demand for motor oil and the need for improved performance and extended life.
Some of the major companies in the motor oil additive market include Chevron, Shell, ExxonMobil, Total, BP, and Valvoline. Show Less Read more