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Lubricant Additives Market Size, Share, and Analysis, By Type (Antioxidants, Improvers, Detergents, Viscosity Index Improvers, Dispersants, Friction Modifiers, Corrosion Inhibitors, Anti-Wear Additives, Others), By Application (Automotive {Passenger Car Motor Oil, Heavy Duty Motor Oil, Others}, Industrial {Metal Working Fluid, General Industrial Oil, Industrial Engine Oil, Others}), By Lubricant Type (Engine Oil, Metalworking Fluid, Process Oil, Transmission & Hydraulic Fluid, General Industrial Oil, Grease, Gear Oil, Others) and Regional Forecasts, 2022-2032

November 2023 | 438 pages | ID: L9A091227111EN
Fatpos Global

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Lubricant Additives Market Size, Share, and Analysis, By Type (Antioxidants, Improvers, Detergents, Viscosity Index Improvers, Dispersants, Friction Modifiers, Corrosion Inhibitors, Anti-Wear Additives, Others), By Application (Automotive {Passenger Car Motor Oil, Heavy Duty Motor Oil, Others}, Industrial {Metal Working Fluid, General Industrial Oil, Industrial Engine Oil, Others}), By Lubricant Type (Engine Oil, Metalworking Fluid, Process Oil, Transmission & Hydraulic Fluid, General Industrial Oil, Grease, Gear Oil, Others) and Regional Forecasts, 2022-2032

PRODUCT OVERVIEW

Lubricant Additives Market size was USD 16.85 billion in 2021 and projected t%li%grow from USD 17.8 billion in 2023 t%li%USD 23.1 billion by 2032, exhibiting a CAGR of 2.9% during the forecast period.

Lubricant additives are chemical compounds that provide several functions when utilized in different rate of treatments. Lubricant additives when combined with base oils generate finished lubricants. Additives possess several functions t%li%enhance the existence and generation of finished lubricants. The utilization of lubricant additives is important in passenger car, heavy-duty lubricants, metalworking fluids and mechanical engine oils. Lubricant additives play an important role in energy and emissions management in different automobile and end-use industries.

MARKET HIGHLIGHTS

Lubricant Additives Market is expected t%li%reach USD 23.1 billion, growing at a CAGR of 2.9% during forecast period owing t%li%the increasing demand for lubricant additives in the automotive industry. The purchase of passenger and commercial vehicles is increasing which is anticipated t%li%drive the lubricant additives market in the forecast period. The increasing living standards, varying customer preferences and growing per income are expected t%li%boost the growth of the market. Growing export opportunities for lubricating oil additives may als%li%drive the market growth.

Lubricant Additives Market Segments:
  • Type
  • Antioxidants
  • Improvers
  • Detergents
  • Viscosity Index Improvers
  • Dispersants
  • Friction Modifiers
  • Corrosion Inhibitors
  • Anti-Wear Additives
  • Others
  • Application
  • Automotive {Passenger Car Motor Oil, Heavy Duty Motor Oil, Others}
  • Industrial {Metal Working Fluid, General Industrial Oil, Industrial Engine Oil, Others}
  • Lubricant Type
  • Engine Oil
  • Metalworking Fluid
  • Process Oil
  • Transmission & Hydraulic Fluid
  • General Industrial Oil
  • Grease
  • Gear Oil
  • Others
MARKET DYNAMICS

Growth Drivers

Rapid Industrialization is Expected t%li%Boost the Growth of the Market

Advancements in Technology is Expected t%li%Boost the Growth of the Market

Restraint

Variable Price of Raw Material May Restrain the Growth of the Market

Key Players
  • Dorfketal Chemicals (I) Pvt. Ltd
  • King Industries Inc.
  • BASF SE
  • Multisol
  • Infineum International Limited
  • DOVER CHEMICAL CORPORATION
  • Chevron Corporation
  • Evonik Industries AG
  • Lanxess
  • D.O.G Chemie
  • Jinzhou Kangtai Lubricant Additives Co. Ltd
  • Afton Chemical
  • Vanderbilt Holding Company Inc.
  • BRB International
  • Shepherd Chemical
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons t%li%Purchase this Report
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
      • Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
    • The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
    • Provides insight int%li%the market through Value Chain
    • Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
  • 3-month post-sales analyst support.
1. EXECUTIVE SUMMARY

1.1.Regional Market Share
1.2. Business Trends
1.3. Lubricant Additives Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot

2. RESEARCH METHODOLOGY

2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
  2.5.1.Paid Sources
  2.5.2. Public Sources
2.6.Market Size Estimation and Data Triangulation

3. MARKET CHARACTERISTICS

3.1. Market Definition
3.2.Lubricant Additives Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data

4. LUBRICANT ADDITIVES MARKET – INDUSTRY INSIGHTS

4.1.Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability

5. MACROECONOMIC INDICATORS

6. RECENT DEVELOPMENTS

7.MARKET DYNAMICS

7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends

8. RISK ANALYSIS

9. MARKET ANALYSIS

9.1. Porters Five Forces
9.2.PEST Analysis
  9.2.1. Political
  9.2.2.Economic
  9.2.3.Social
  9.2.4.Technological

10. LUBRICANT ADDITIVES MARKET

10.1.Overview
10.2. Historical Analysis (2016-2021)
  10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast

11.LUBRICANT ADDITIVES MARKET SIZE & FORECAST 2022A-2032F

11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
  11.3.1.By Type
    11.3.1.1. Antioxidants
      11.3.1.1.1. By Value (USD Million) 2022-2032F
      11.3.1.1.2.Market Share (%) 2022-2032F
      11.3.1.1.3.Y-o-Y Growth (%) 2022-2032F
    11.3.1.2.Improvers
      11.3.1.2.1.By Value (USD Million) 2022-2032F
      11.3.1.2.2. Market Share (%) 2022-2032F
      11.3.1.2.3. Y-o-Y Growth (%) 2022-2032F
    11.3.1.3.Detergents
      11.3.1.3.1.By Value (USD Million) 2022-2032F
      11.3.1.3.2. Market Share (%) 2022-2032F
      11.3.1.3.3. Y-o-Y Growth (%) 2022-2032F
    11.3.1.4.Viscosity Index Improvers
      11.3.1.4.1.By Value (USD Million) 2022-2032F
      11.3.1.4.2. Market Share (%) 2022-2032F
      11.3.1.4.3. Y-o-Y Growth (%) 2022-2032F
    11.3.1.5.Dispersants
      11.3.1.5.1.By Value (USD Million) 2022-2032F
      11.3.1.5.2. Market Share (%) 2022-2032F
      11.3.1.5.3. Y-o-Y Growth (%) 2022-2032F
    11.3.1.6.Friction Modifiers
      11.3.1.6.1.By Value (USD Million) 2022-2032F
      11.3.1.6.2. Market Share (%) 2022-2032F
      11.3.1.6.3. Y-o-Y Growth (%) 2022-2032F
    11.3.1.7.Corrosion Inhibitors
      11.3.1.7.1.By Value (USD Million) 2022-2032F
      11.3.1.7.2. Market Share (%) 2022-2032F
      11.3.1.7.3. Y-o-Y Growth (%) 2022-2032F
    11.3.1.8.Anti-Wear Additives
      11.3.1.8.1.By Value (USD Million) 2022-2032F
      11.3.1.8.2. Market Share (%) 2022-2032F
      11.3.1.8.3. Y-o-Y Growth (%) 2022-2032F
    11.3.1.9.Others
      11.3.1.9.1.By Value (USD Million) 2022-2032F
      11.3.1.9.2. Market Share (%) 2022-2032F
      11.3.1.9.3. Y-o-Y Growth (%) 2022-2032F
  11.3.2. By Application
    11.3.2.1.Automotive
      11.3.2.1.1.By Value (USD Million) 2022-2032F
      11.3.2.1.2. Market Share (%) 2022-2032F
      11.3.2.1.3. Y-o-Y Growth (%) 2022-2032F
    11.3.2.2. Industrial
      11.3.2.2.1. By Value (USD Million) 2022-2032F
      11.3.2.2.2.Market Share (%) 2022-2032F
      11.3.2.2.3.Y-o-Y Growth (%) 2022-2032F
  11.3.3. By Lubricant Type
    11.3.3.1.Engine Oil
      11.3.3.1.1.By Value (USD Million) 2022-2032F
      11.3.3.1.2. Market Share (%) 2022-2032F
      11.3.3.1.3. Y-o-Y Growth (%) 2022-2032F
    11.3.3.2. Metalworking Fluid
      11.3.3.2.1. By Value (USD Million) 2022-2032F
      11.3.3.2.2.Market Share (%) 2022-2032F
      11.3.3.2.3.Y-o-Y Growth (%) 2022-2032F
    11.3.3.3. Process Oil
      11.3.3.3.1. By Value (USD Million) 2022-2032F
      11.3.3.3.2.Market Share (%) 2022-2032F
      11.3.3.3.3.Y-o-Y Growth (%) 2022-2032F
    11.3.3.4. Transmission & Hydraulic Fluid
      11.3.3.4.1. By Value (USD Million) 2022-2032F
      11.3.3.4.2. Market Share (%) 2022-2032F
      11.3.3.4.3. Y-o-Y Growth (%) 2022-2032F
    11.3.3.5. General Industrial Oil
      11.3.3.5.1. By Value (USD Million) 2022-2032F
      11.3.3.5.2.Market Share (%) 2022-2032F
      11.3.3.5.3.Y-o-Y Growth (%) 2022-2032F
    11.3.3.6. Grease
      11.3.3.6.1. By Value (USD Million) 2022-2032F
      11.3.3.6.2.Market Share (%) 2022-2032F
      11.3.3.6.3.Y-o-Y Growth (%) 2022-2032F
    11.3.3.7. Gear Oil
      11.3.3.7.1. By Value (USD Million) 2022-2032F
      11.3.3.7.2.Market Share (%) 2022-2032F
      11.3.3.7.3.Y-o-Y Growth (%) 2022-2032F
    11.3.3.8. Others
      11.3.3.8.1. By Value (USD Million) 2022-2032F
      11.3.3.8.2.Market Share (%) 2022-2032F
      11.3.3.8.3.Y-o-Y Growth (%) 2022-2032F

12. NORTH AMERICA LUBRICANT ADDITIVES MARKET SIZE & FORECAST 2022A-2032F

12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
  12.3.1. By Type
  12.3.2.By Application
  12.3.3.By Lubricant Type
12.4. Country
  12.4.1.United States
  12.4.2. Canada

13. EUROPE LUBRICANT ADDITIVES MARKET SIZE & FORECAST 2022A-2032F

13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
  13.3.1. By Type
  13.3.2.By Application
  13.3.3.By Lubricant Type
13.4. Country
  13.4.1.Germany
  13.4.2. United Kingdom
  13.4.3. France
  13.4.4. Italy
  13.4.5. Spain
  13.4.6. Russia
  13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)

14. ASIA LUBRICANT ADDITIVES MARKET SIZE & FORECAST 2022A-2032F

14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
  14.3.1. By Type
  14.3.2.By Application
  14.3.3.By Lubricant Type
14.4. Country
  14.4.1.India
  14.4.2. China
  14.4.3. South Korea
  14.4.4. Japan
  14.4.5. Rest of APAC

15. MIDDLE EAST AND AFRICA LUBRICANT ADDITIVES MARKET SIZE & FORECAST 2022A-2032F

15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
  15.3.1. By Type
  15.3.2.By Application
  15.3.3.By Lubricant Type
15.4. Country
  15.4.1.Israel
  15.4.2. GCC
  15.4.3. North Africa
  15.4.4. South Africa
  15.4.5. Rest of Middle East and Africa

16. LATIN AMERICA LUBRICANT ADDITIVES MARKET SIZE & FORECAST 2022A-2032F

16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
  16.3.1. By Type
  16.3.2.By Application
  16.3.3.By Lubricant Type
16.4. Country
  16.4.1. Mexico
  16.4.2. Brazil
  16.4.3. Rest of Latin America

17. COMPETITIVE LANDSCAPE

17.1. Company market share, 2021
17.2.Key player overview
17.3. Key stakeholders

18. COMPANY PROFILES

18.1.Dorfketal Chemicals (I) Pvt. Ltd
  18.1.1.Company Overview
  18.1.2.Financial Overview
  18.1.3.Key Product; Analysis
  18.1.4.Company Assessment
    18.1.4.1.Product Portfolio
    18.1.4.2. Key Clients
    18.1.4.3. Market Share
    18.1.4.4. Recent News & Development (Last 3 Yrs.)
    18.1.4.5. Executive Team
18.2. King Industries Inc.
18.3. BASF SE
18.4.Multisol
18.5. Infineum International Limited
18.6. DOVER CHEMICAL CORPORATION
18.7. Chevron Corporation
18.8.Evonik Industries AG
18.9. Lanxess
18.10.D.O.G Chemie
18.11.Jinzhou Kangtai Lubricant Additives Co. Ltd
18.12.Afton Chemical
18.13.Vanderbilt Holding Company Inc.
18.14.BRB International
18.15.Shepherd Chemical
18.16. Other Prominent Players

19. APPENDIX

20.CONSULTANT RECOMMENDATION



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