Product Code: 978-1-68038-837-4
Lubricant Additives Market Growth & Trends:
The global lubricant additives market size is expected to reach USD 23.6 billion by 2030, registering a CAGR of 4.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. Stringent regulations regarding the permissible amount of carbon emission in the atmosphere are expected to remain a key driving factor for global lubricant additives market. Additive prices witnessed a significant decline in 2015 as a result of fluctuations in prices of key raw materials. Their prices are heavily dependent on prices of calcium carbonate, zinc metal, and crude oil.
Viscosity index improvers were the leading product segment with demand share estimated at 23.3% in 2015. Friction modifiers, which act as a cushion between two coated surfaces thereby minimizing surface contacts, are expected to register highest volume growth of 3.5% over the forecast period.
Lubricant Additives Market Report Highlights:
- Global lubricant additives market demand was 4.97 million tons in 2022 and is expected to reach 6.20 million tons by 2030, growing at a CAGR of 2.8% from 2023 to 2030
- Automotive lubricants were the largest application segment and accounted for over 59% of total market volume in 2022. Increasing passenger car production and consequent sales particularly in China, India, Thailand, and Indonesia is expected to drive this segment over the forecast period.
- General industrial oils were the largest segment for industrial lubricants and accounted for over 36% of its volume in 2022. Recovery of manufacturing sectors in North America and Europe along with high industrial output in Asian markets is expected to drive the segment growth.
- Asia Pacific emerged as the leading regional market with volume share exceeding 35% in 2022. High demand for passenger cars in China, South and Southeast Asia along with a robust lubricant aftermarket sale is expected to complement the regional demand.
- Global lubricant additives market is highly concentrated in nature with Chevron Oronite, Afton Chemical, and Lubrizol being the top manufacturers. Top four companies account for over three-quarters of the industry share. Other key participants include BASF, Evonik Industries, Chemtura Corporation, Shamrock Shipping & Trading Limited, Infineum International Limited, IOCL, Croda International plc, and Tianhe Chemicals Group.
Table of Contents
Chapter 1 Methodology And Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definition
- 1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 Gvr's Internal Database
- 1.3.3 Secondary Sources & Third - Party Perspectives
- 1.4 Information Analysis
- 1.4.1 Data Analysis Models
- 1.5 Market Formulation & Data Visualization
- 1.6 Data Validation & Publishing
- 1.7 Research Scope And Assumptions
Chapter 2 Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 Lubricant Additives Market: Market Variables, Trends & Scope
- 3.1 Market Lineage Outlook
- 3.1.1 Global Lubricant Additives Market Outlook
- 3.2 Industry Value Chain Analysis
- 3.2.1 Manufacturing/Technology Trends
- 3.2.2 Sales Channel Analysis
- 3.2.3 List Of Potential End - Users
- 3.3 Price Trend Analysis, 2018 - 2030
- 3.3.1 Factors Affecting Prices
- 3.4 Regulatory Framework, By Regions
- 3.5 Market Dynamics
- 3.5.1 Market Driver Analysis
- 3.5.2 Market Restraint Analysis
- 3.5.3 Market Challenges Analysis
- 3.5.4 Market Opportunity Analysis
- 3.6 Business Environment Analysis
- 3.6.1 PORTER'S Analysis
- 3.6.2 PESTEL Analysis
Chapter 4 Lubricant Additives Market: Supplier Portfolio Analysis
- 4.1 List Of Key Raw Material Suppliers
- 4.2 Raw Material Trends
- 4.3 Portfolio Analysis/Kraljic Matrix
- 4.4 Engagement Model
- 4.5 Negotiation Strategies
- 4.6 Sourcing Best Practices
Chapter 5 Lubricant Additives Market: Product Estimates & Trend Analysis
- 5.1 Product Movement Analysis & Market Share, 2022 & 2030
- 5.1.1 Dispersants
- 5.1.1.1 Dispersants Market Estimates And Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.1.2 Viscosity Index Improvers
- 5.1.2.1 Viscosity Index Improvers Market Estimates And Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.1.3 Detergents
- 5.1.3.1 Other Application Market Estimates And Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.1.4 Anti - wear Additives
- 5.1.4.1 Anti - wear Additives Market Estimates And Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.1.5 Antioxidants
- 5.1.5.1 Antioxidants Market Estimates And Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.1.6 Friction Modifiers
- 5.1.6.1 Friction Modifiers Market Estimates And Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.1.7 Others
- 5.1.7.1 Others Market Estimates And Forecast, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6 Lubricant Additives Market: Application Estimates & Trend Analysis
- 6.1 Application Movement Analysis & Market Share, 2022 & 2030
- 6.1.1 Automotive Lubricants
- 6.1.1.1 Lubricant Additives Market Estimates And Forecast, Heavy Duty Motor Oil, 2018 - 2030 (Kilotons) (USD Million)
- 6.1.1.2 Lubricant Additives Market Estimates And Forecast, Passenger Car Motor Oil, 2018 - 2030 (Kilotons) (USD Million)
- 6.1.1.3 Lubricant Additives Market Estimates And Forecast, Others, 2018 - 2030 (Kilotons) (USD Million)
- 6.1.5 Industrial Lubricants
- 6.1.5.1 Lubricant Additives Market Estimates And Forecast, In General Industrial Oil, 2018 - 2030 (Kilotons) (USD Million)
- 6.1.5.2 Lubricant Additives Market Estimates And Forecast, In Industrial Engine Oil, 2018 - 2030 (Kilotons) (USD Million)
- 6.1.5.3 Lubricant Additives Market Estimates And Forecast, In Metalworking Fluids, 2018 - 2030 (Kilotons) (USD Million)
- 6.1.5.4 Lubricant Additives Market Estimates And Forecast, In Others, 2018 - 2030 (Kilotons) (USD Million)
Chapter 7 Lubricant Additives Market: Regional Estimates & Trend Analysis
- 7.1 Lubricant Additives Market: Regional Outlook
- 7.2 North America
- 7.2.1 North America Lubricant Additives Market Estimates And Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.2 North America Lubricant Additives Market Estimates And Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.3 U.S.
- 7.2.3.1 Key Country Dynamics
- 7.2.3.2 U.S. Lubricant Additives Market Estimates And Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.3.3 U.S. Lubricant Additives Market Estimates And Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.4 Canada
- 7.2.4.1 Key Country Dynamics
- 7.2.4.2 Canada Lubricant Additives Market Estimates And Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.4.3 Canada Lubricant Additives Market Estimates And Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.5 Mexico
- 7.2.5.1 Key Country Dynamics
- 7.2.5.2 Mexico Lubricant Additives Market Estimates And Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.5.3 Mexico Lubricant Additives Market Estimates And Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 7.3 Europe
- 7.3.1 Europe Lubricant Additives Market Estimates And Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.2 Europe Lubricant Additives Market Estimates And Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.3 Germany
- 7.3.3.1 Key Country Dynamics
- 7.3.3.2 Germany Lubricant Additives Market Estimates And Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.3.3 Germany Lubricant Additives Market Estimates And Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.4 UK
- 7.3.4.1 Key Country Dynamics
- 7.3.4.2 U.K. Lubricant Additives Market Estimates And Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.4.3 U.K. Lubricant Additives Market Estimates And Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.5 France
- 7.3.5.1 Key Country Dynamics
- 7.3.5.2 France Lubricant Additives Market Estimates And Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.5.3 France Lubricant Additives Market Estimates And Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.6 Italy
- 6.3.6.1 Key Country Dynamics
- 6.3.6.2 Italy Lubricant Additives Market Estimates And Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.6.3 Italy Lubricant Additives Market Estimates And Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.7 Russia
- 7.3.7.1 Key Country Dynamics
- 7.3.7.2 Russia Lubricant Additives Market Estimates And Forecasts, By Product, 2017 - 2030 (Kilotons) (USD Million)
- 7.3.7.3 Russia Lubricant Additives Market Estimates And Forecasts, By Application, 2017 - 2030 (Kilotons) (USD Million)
- 7.4 Asia Pacific
- 7.4.1 Asia Pacific Lubricant Additives Market Estimates And Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.2 Asia Pacific Lubricant Additives Market Estimates And Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.3 China
- 7.4.3.1 Key Country Dynamics
- 7.4.3.2 China Lubricant Additives Market Estimates And Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.3.3 China Lubricant Additives Market Estimates And Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.4 India
- 7.4.4.1 Key Country Dynamics
- 7.4.4.2 India Lubricant Additives Market Estimates And Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.4.3 India Lubricant Additives Market Estimates And Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.5 Japan
- 7.4.5.1 Key Country Dynamics
- 7.4.5.2 Japan Lubricant Additives Market Estimates And Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.5.3 Japan Lubricant Additives Market Estimates And Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 7.5 Central & South America
- 7.5.1 Central & South America Lubricant Additives Market Estimates And Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.2 Central & South America Lubricant Additives Market Estimates And Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.3 Brazil
- 7.5.3.1 Key Country Dynamics
- 7.5.3.2 Brazil Lubricant Additives Market Estimates And Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.3.3 Brazil Lubricant Additives Market Estimates And Forecasts, By End - Use, 2018 - 2030 (Kilotons) (USD Million)
- 7.6 Middle East & Africa
- 7.6.1 Middle East & Africa Lubricant Additives Market Estimates And Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.2 Middle East & Africa Lubricant Additives Market Estimates And Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.3 Saudi Arabia
- 7.6.3.1 Key Country Dynamics
- 7.6.3.2 Saudi Arabia Lubricant Additives Market Estimates And Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.3.3 Saudi Arabia Lubricant Additives Market Estimates And Forecasts, By End - Use, 2018 - 2030 (Kilotons) (USD Million)
Chapter 8 Competitive Landscape
- 8.1 Recent Development & Impact Analysis, By Key Market Participants
- 8.2 Company Categorization
- 8.3 Company Market Share Analysis, 2022
- 8.4 Company Heat Map Analysis
- 8.5 Strategy Mapping
- 8.5.1 Company Listing (Business Overview, Financial Performance, Product Benchmarking)
- 8.6 Company/Competition Categorization
- 8.7 Company Market Positioning Analysis, 2022
- 8.8 Company Heat Map Analysis
- 8.9 Strategy Mapping
- 8.10 Company Listing
- 8.10.1 BASF SE
- 8.10.2 Afton Chemical Corp.
- 8.10.3 LANXESS
- 8.10.4 Chevron Oronite Company
- 8.10.5 Croda International
- 8.10.5 Evonik Industries
- 8.10.7 Lubricant Additives Ireland
- 8.10.8 Infineum International
- 8.10.9 Lubrizol Corp.
- 8.10.10 Shamrock Shipping & Trading Ltd.
- 8.10.11 Tianhe Chemicals Group
- 8.10.12 Hornett Brothers & Co. Ltd.
- 8.10.13 IPAC Inc.
- 8.10.14 MidContinental Chemical Co.