Product Code: SR1523A111_Report
Market Overview:
- The global lubricant additives market size reached US$ 16.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 20.8 Billion by 2028, exhibiting a CAGR of 3.7% during 2023-2028.
- Lubricant additives are chemicals used for enhancing the functioning of lubricating oils by helping the engine oil to stay longer and making the engine safe under all operating conditions. They typically range between 0.1% to 30% of the oil volume, depending on the application.
- Additives can be of various types, some additives impart new and useful properties to the lubricant, whereas, others enhance properties that are already present. Some lubricants also act to lower the rate at which unwanted changes take place in the product throughout its service life. A number of factors are currently catalysing the global demand for lubricant additives.
Market Drivers:
- Many lubricant additives contain anti-wear, anti-rust or anti-corrosive characteristics, which prevent damage to coatings and surfaces inside the engine.
- Some lubricant additives are also used to maintain the required physical properties (such as viscosity) at all temperatures and operating conditions. This provides adequate flow and viscosity of the engine oil in all situations.
- Additives with antioxidant properties aid in slowing down the oxidation process and the build-up of unwanted engine contaminants and oil thickening. They also help in keeping the engine surfaces and parts clean along with controlling deposit mediated engine oil thickening.
- Additives with friction or viscosity modifying properties can also help in increasing the fuel economy. This is by decreasing the friction between moving surfaces or allowing favourable viscosity profiles that further provides improved efficiency.
- Advanced lubricant additives also benefit the environment as they can aid in reducing carbon dioxide emissions from vehicles and also allow the effective use of energy resources.
Key Market Segmentation:
- IMARC Group provides an analysis of the key trends in each sub-segment of the global lubricant additives market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on type, end-use and distribution channel.
Breakup by Type:
- Dispersants
- Viscosity Index Improvers
- Detergents
- Antiwear and Antioxidants
- Corrosion Inhibitors
- Friction Modifiers
- Emulsifiers
- Based on the type, the market has been segmented as dispersants, viscosity index improvers, detergents, antiwear and antioxidants, corrosion inhibitors, friction modifiers and emulsifiers.
Breakup by End-Use:
- Automotive Lubricant
- Metalworking Fluid
- Industrial Engine Oil
- Process Oil
- Grease
- On the basis of the end-use, automotive lubricants represent the largest segment. Other major segments covered in the report include metalworking fluid, industrial engine oil, process oil and grease.
Breakup by Distribution Channel:
- Retail
- Institutional
- On the basis of the distribution channel, the report has segmented the market into institutional and retail.
Breakup by Region:
- Asia Pacific
- Europe
- North America
- Middle East and Africa
- Latin America
- Region-wise, the market has been segmented into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America. Amongst these, Asia Pacific currently represents the largest market.
Competitive Landscape:
- The competitive landscape of the market has also been examined with some of the key players being Chevron Corp., Afton Chemical Corporation, The Lubrizol Corporation, Infineum International Limited, BASF SE, BRB International BV, Wuxi South Petroleum Additive Co., Croda Lubricants, DOG Chemie, Dorf Ketal, Dover Chemical, Eni SpA., Evonik Industries AG, Jinzhou Kangtai Lubricant Additives Co. Ltd and King Industries Inc.
- This report provides a deep insight into the global lubricant additives market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the lubricant additives industry in any manner.
Key Questions Answered in This Report:
- 1. What was the size of the global lubricant additives market in 2022?
- 2. What is the expected growth rate of the global lubricant additives market during 2023-2028?
- 3. What are the key factors driving the global lubricant additives market?
- 4. What has been the impact of COVID-19 on the global lubricant additives market?
- 5. What is the breakup of the global lubricant additives market based on the type?
- 6. What is the breakup of the global lubricant additives market based on the end-use?
- 7. What is the breakup of the global lubricant additives market based on the distribution channel?
- 8. What are the key regions in the global lubricant additives market?
- 9. Who are the key players/companies in the global lubricant additives market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Lubricant Additives Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Breakup by Type
- 5.5 Market Breakup by End-Use
- 5.6 Market Breakup by Distribution Channel
- 5.7 Market Breakup by Region
- 5.8 Market Forecast
- 5.9 SWOT Analysis
- 5.9.1 Overview
- 5.9.2 Strengths
- 5.9.3 Weaknesses
- 5.9.4 Opportunities
- 5.9.5 Threats
- 5.10 Value Chain Analysis
- 5.10.1 Overview
- 5.10.2 Research and Development
- 5.10.3 Raw Material Procurement
- 5.10.4 Manufacturing
- 5.10.5 Marketing
- 5.10.6 Distribution
- 5.10.7 End-Use
- 5.11 Porters Five Forces Analysis
- 5.11.1 Overview
- 5.11.2 Bargaining Power of Buyers
- 5.11.3 Bargaining Power of Suppliers
- 5.11.4 Degree of Competition
- 5.11.5 Threat of New Entrants
- 5.11.6 Threat of Substitutes
- 5.12 Price Analysis
- 5.12.1 Key Price Indicators
- 5.12.2 Price Structure
- 5.12.3 Margin Analysis
6 Market Breakup by Type
- 6.1 Dispersants
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Viscosity Index Improvers
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Detergents
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Antiwear and Antioxidants
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Corrosion Inhibitors
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Friction Modifiers
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
- 6.7 Emulsifiers
- 6.7.1 Market Trends
- 6.7.2 Market Forecast
7 Market Breakup by End-Use
- 7.1 Automotive Lubricant
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Metalworking Fluid
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Industrial Engine Oil
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Process Oil
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Grease
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by Distribution Channel
- 8.1 Retail
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Institutional
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Region
- 9.1 Asia Pacific
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Europe
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 North America
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Middle East and Africa
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Latin America
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
10 Imports and Exports
- 10.1 Imports by Major Countries
- 10.2 Exports by Major Countries
11 Lubricant Additives Manufacturing Process
- 11.1 Product Overview
- 11.2 Raw Material Requirements
- 11.3 Manufacturing Process
- 11.4 Key Success and Risk Factors
12 Competitive Landscape
- 12.1 Market Structure
- 12.2 Key Players
- 12.3 Profiles of Key Players
- 12.3.1 Chevron Corp.
- 12.3.2 Afton Chemical Corporation
- 12.3.3 The Lubrizol Corporation
- 12.3.4 Infineum International Limited
- 12.3.5 BASF SE
- 12.3.6 BRB International BV
- 12.3.7 Wuxi South Petroleum Additive Co.
- 12.3.8 Croda Lubricants
- 12.3.9 DOG Chemie
- 12.3.10 Dorf Ketal
- 12.3.11 Dover Chemical
- 12.3.12 Eni SpA.
- 12.3.13 Evonik Industries AG
- 12.3.14 Jinzhou Kangtai Lubricant Additives Co. Ltd
- 12.3.15 King Industries Inc.