According to the report published by Zion Market Research, global demand for the Lubricating Oil Additives market was valued at approximately USD 16 Billion in 2019 and is expected to generate revenue of around USD 20 Billion by end of 2026, growing at a CAGR of around 3 % between 2020 and 2026.
According to the report published by Zion Market Research, global demand for the Lubricating Oil Additives market was valued at approximately USD 16 Billion in 2019 and is expected to generate revenue of around USD 20 Billion by end of 2026, growing at a CAGR of around 3 % between 2020 and 2026.
Global Lubricating Oil Additives Market: Overview
Lubricating oil additives are used to improve the performance of lubricants and functional fluids. Each functional type of lubricating oil additives is chosen for its ability to perform one or more particular tasks in amalgamation with other additives. Specific additives are formulated into packages to be used with particular base stocks for automotive and industrial applications. The primary function of lubricating oil additives is to reduce friction, prevent wear and corrosion, and control the formation of slush and oxidation.
Global Lubricating Oil Additives Market: Growth Factors
The massive popularity of lightweight vehicles, rise in the manufacture and sales of automotive in emerging countries such as India, Indonesia, and Thailand, and breakthroughs in technology resulting in the launching of new vehicles such as smart cars and aluminum trucks are some of the major factors likely to push the growth trajectory of the automotive industry. This, in turn, will accelerate the demand for the lubricating oil additives market in the ensuing years.
Legislations targeting fuel emissions are resulting in formulation changes and the impacting additive selection and its use. These include the massive use of low-viscosity materials and stringent monitoring of chemical limits in automotive fuels and additives. Moreover, specification upgrades are leading to the enhanced and mandatory application of antioxidants and dispersants. Besides, economic development and industrialization are leading to an enhanced demand for these additives for industrial applications. All these aforementioned factors are augmenting the expansion of the lubricating oil additives market.
Global Lubricating Oil Additives Market: Segmentation
The global lubricating oil additives market can be divided based on product type and application. Based on the product type, the lubricating oil additives market is sectored into Dispersants, Viscosity Index Improvers, Detergents, Anti-Wear Additives, Antioxidants, Corrosion Inhibitors, Friction Modifiers, Extreme-Pressure Additives, Pour-Point Depressants, and Emulsifiers. Based on the application, the lubricating oil additives market is divided into the automobile and industrial sectors.
Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Global Lubricating Oil Additives Market: Regional Analysis
Based on regions, the global lubricating oil additives market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific is expected to be the largest market for lubricating oil additives over the estimated timeline. The lubricating oil additives market in this region is primarily driven by the escalating demand for lubricants, especially from countries such as China, India, and other Southeast Asian countries. Huge investments in the automotive and industrial sectors in this region will further drive regional growth.
The huge presence of the key automotive manufacturers in countries such as the U.S. and Germany is likely to contribute towards the business space in North America and European regions.
The Middle East and Africa and Latin American markets are anticipated to witness a huge growth potential over the years ahead.
Global Lubricating Oil Additives Market: Competitive Players
Some of the key players operating in the global lubricating oil additives market include Afton Chemical Corporation, BASF SE, Croda International Plc, Evonik Industries AG, Infineum International Limited, Chevron Oronite Company LLC, LANXESS Group, Shamrock Shipping & Trading Ltd., The Lubrizol Corporation, and Tianhe Chemicals Group.
Lubricating Oil Additives Market: Regional Segment Analysis
List of Figures
FIG NO. 1 Research Methodology
FIG NO. 2 Market Research Process
FIG NO. 3 Secondary Research
FIG NO. 4 Company Share Analysis Model
FIG NO. 5 Revenue Based Model
FIG NO. 6 Primary Research
FIG NO. 7 Global Lubricating Oil Additives Market, Volume (Kilo Tons) and Revenue (USD Million), 2016 - 2026
FIG NO. 8 Porter’s Five Forces Analysis for Global Lubricating Oil Additives Market
FIG NO. 9 Global Lubricating Oil Additives Market Revenue Share (%) by Product, 2019 & 2026
FIG NO. 10 Global Lubricating Oil Additives Market by Dispersants, Volume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
FIG NO. 11 Global Lubricating Oil Additives Market by Viscosity Index Improvers, Volume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
FIG NO. 12 Global Lubricating Oil Additives Market by Detergents, Volume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
FIG NO. 13 Global Lubricating Oil Additives Market by Anti-Wear Additives, Volume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
FIG NO. 14 Global Lubricating Oil Additives Market by Antioxidants, Volume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
FIG NO. 15 Global Lubricating Oil Additives Market by Corrosion Inhibitors, Volume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
FIG NO. 16 Global Lubricating Oil Additives Market by Friction Modifiers, Volume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
FIG NO. 17 Global Lubricating Oil Additives Market by Extreme-Pressure Additives, Volume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
FIG NO. 18 Global Lubricating Oil Additives Market by Pour-Point Depressants, Volume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
FIG NO. 19 Global Lubricating Oil Additives Market by Emulsifiers, Volume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
FIG NO. 20 Global Lubricating Oil Additives Market Revenue Share (%) by Product, 2019 & 2026
FIG NO. 21 Global Lubricating Oil Additives Market by Automobile, Volume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
FIG NO. 22 Global Lubricating Oil Additives Market by Industrial Sectors, Volume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
FIG NO. 23 North America Lubricating Oil Additives Market, (Kilo Tons), (USD Million) 2016 - 2026
FIG NO. 24 Europe Lubricating Oil Additives Market, (Kilo Tons), (USD Million) 2016 - 2026
FIG NO. 25 Asia Pacific Lubricating Oil Additives Market, (Kilo Tons), (USD Million) 2016 - 2026
FIG NO. 26 Latin America Lubricating Oil Additives Market, (Kilo Tons), (USD Million) 2016 - 2026
FIG NO. 27 The Middle-East and Africa Lubricating Oil Additives Market, (Kilo Tons), (USD Million) 2016 - 2026
List of Tables
TABLE 1 Global Lubricating Oil Additives Market: Snapshot
TABLE 2 Drivers of the Lubricating Oil Additives Market: Impact Analysis
TABLE 3 Restraints for the Lubricating Oil Additives Market: Impact Analysis
TABLE 4 Global Lubricating Oil Additives Market Revenue (USD Million) (Kilo Tons), 2016 – 2026
TABLE 5 Global Lubricating Oil Additives Market Revenue (USD Million), 2016 – 2026
TABLE 6 North America Lubricating Oil Additives Market, Volume (Kilo Tons) by Product Type, 2016 – 2026
TABLE 7 North America Lubricating Oil Additives Market Revenue (USD Million) by Product Type, 2016 – 2026
TABLE 8 North America Lubricating Oil Additives Market, Volume (Kilo Tons) by Application, 2016 – 2026
TABLE 9 North America Lubricating Oil Additives Market Revenue (USD Million) by Application, 2016 – 2026
TABLE 10 Europe Lubricating Oil Additives Market, Volume (Kilo Tons) by Product Type, 2016 – 2026
TABLE 11 Europe Lubricating Oil Additives Market Revenue (USD Million) by Product Type, 2016 – 2026
TABLE 12 Europe Lubricating Oil Additives Market, Volume (Kilo Tons) by Application, 2016 – 2026
TABLE 13 Europe Lubricating Oil Additives Market Revenue (USD Million) by Application, 2016 – 2026
TABLE 14 Asia Pacific Lubricating Oil Additives Market, Volume (Kilo Tons) by Product Type, 2016 – 2026
TABLE 15 Asia Pacific Lubricating Oil Additives Market Revenue (USD Million) by Product Type, 2016 – 2026
TABLE 16 Asia Pacific Lubricating Oil Additives Market, Volume (Kilo Tons) by Application, 2016 – 2026
TABLE 17 Asia Pacific Lubricating Oil Additives Market Revenue (USD Million) by Application, 2016 – 2026
TABLE 18 Latin America Lubricating Oil Additives Market, Volume (Kilo Tons) by Product Type, 2016 – 2026
TABLE 19 Latin America Lubricating Oil Additives Market Revenue (USD Million) by Product Type, 2016 – 2026
TABLE 20 Latin America Lubricating Oil Additives Market, Volume (Kilo Tons) by Application, 2016 – 2026
TABLE 21 Latin America Lubricating Oil Additives Market Revenue (USD Million) by Application, 2016 – 2026
TABLE 22 The Middle-East and Africa Lubricating Oil Additives Market, Volume (Kilo Tons) by Product Type, 2016 – 2026
TABLE 23 The Middle-East and Africa Lubricating Oil Additives Market Revenue (USD Million) by Product Type, 2016 – 2026
TABLE 24 The Middle-East and Africa Lubricating Oil Additives Market, Volume (Kilo Tons) by Application, 2016 – 2026
TABLE 25 The Middle-East and Africa Lubricating Oil Additives Market Revenue (USD Million) by Application, 2016 – 2026
Request the coronavirus impact analysis across industries and markets
The massive popularity of lightweight vehicles, rise in the manufacture and sales of automotive in emerging countries such as India, Indonesia, and Thailand, and breakthroughs in technology resulting in the launching of new vehicles such as smart cars and aluminum trucks are some of the major factors likely to push the growth trajectory of the automotive industry. This, in turn, will accelerate the demand for the lubricating oil additives market in the ensuing years.
According to Zion Market Research, the global demand for the Lubricating Oil Additives market is expected to generate revenue of around USD 20 Billion by end of 2026, growing at a CAGR of around 3% between 2020 and 2026.
North America will mostly witness the major concentration of producers in the Lubricating Oil Additives sector, with a majority of the key industry players that are likely to maintain their operations in this region.
Some main participants of the Lubricating Oil Additives market are Afton Chemical Corporation, BASF SE, Croda International Plc, Evonik Industries AG, Infineum International Limited, Chevron Oronite Company LLC, LANXESS Group, Shamrock Shipping & Trading Ltd., The Lubrizol Corporation, and Tianhe Chemicals Group.
Zion Market Research
Tel: +1 (844) 845-5245
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No 020-46277770
US OFFICE NO +1 (844) 845-5245
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed