Lubricating Oil Additives Market - Forecast(2023 - 2028)
Overview
Report Coverage
Key Takeaways
- Asia Pacific region has the highest prevalence rate for lubricating oil additives owing to the growing automotive and industrial sector in regions like India, China, among others.
- The growing demand for engine oils is the key driver for this market in the automotive industry.
- The primary function of lubricating oil additives is to reduce friction, prevent wear and corrosion, and control formation of slush and oxidation.
By Type - Segment Analysis
By Application - Segment Analysis
By End-User Industry - Segment Analysis
Automotive segment held a significant share in lubricating oil additives market in 2019 growing at a CAGR of 3.30% during the forecast period. 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 lubricating oil additives market in the forecast period. According to OICA, the number of passenger vehicles production increased from 68,539,516 units in 2015 to 71,750,946 units in 2018. Hence, increase in automotive sector is expected to drive the lubricating oil additives market.
However, due to the outbreak of the novel coronavirus (COVID-19), automobile and component manufacturing plants are being shuttered around the world, consumer footfalls in showrooms have fallen sharply, vehicle sales are dropping dramatically and almost every major industry event is either being cancelled or going the digital way. The impact of coronavirus on other markets, and particularly China, has also led to disruption in supply chains. This is particularly concerning considering that the global automotive industry reportedly imports more than $34 billion in parts from China.
Geography- Segment Analysis
Drivers – Lubricating Oil Additives Market
Growing demand from the automotive industry
Challenges – Lubricating Oil Additives Market
Fluctuating raw material prices
Market Landscape
Technological Innovation/ Geographical Expansion
- In November 2018, GE Power’s has opened Biotechnology manufacturing centre in Stevenage Bioscience Catalyst. It is planned that in the first half of 2019 this unit will start producing fibre-based purification platform.
- In March 2016, Infineum started of operations at its new lubricant additive production and blending plant at Zhangjiagang, China. The plant is located at Yangtze River International Chemical Industrial Park and has a capacity to produce 100,000 Tons of lubricant additives per year.
1.1 Definitions and Scope
2.Lubricating Oil Additives Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3.Lubricating Oil Additives Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4.Lubricating Oil Additives Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5.Lubricating Oil Additives Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6.Lubricating Oil Additives Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7.Lubricating Oil Additives Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
8.Lubricating Oil Additives Market - By Product Type(Market Size -$Million / $Billion)
8.1 Market Size and Market Share Analysis
8.2 Application Revenue and Trend Research
8.3 Product Segment Analysis
9.Lubricating Oil Additives Market - By Type(Market Size -$Million / $Billion)
9.1 Lubricating Oil Additives Market By Functional Type
9.1.1 Anti Oxidants
9.1.3 Detergents
9.1.4 Friction Modifiers
9.1.5 Extreme Pressure Additives
9.1.6 Emulsifiers
9.1.7 Pour Point Depressants
9.1.9 Anti-Wear Agents
9.1.10 Rust & Corrosion Inhibitors
9.1.11 Boundary Lubricity
10.Lubricating Oil Additives - By Application Type(Market Size -$Million / $Billion)
10.1 Segment type Size and Market Share Analysis
10.2 Application Revenue and Trends by type of Application
10.3 Application Segment Analysis by Type
10.3.1 Industrial Oils
10.3.2 Metalworking Fluids
10.3.3 Hydraulic Fluids
10.3.4 Engine Oils
10.3.5 Process Oils
10.3.6 Gear Oils
10.3.7 Others
11.Lubricating Oil Additives- By Geography (Market Size -$Million / $Billion)
11.1 Lubricating Oil Additives Market - North America Segment Research
11.2 North America Market Research (Million / $Billion)
11.2.1 Segment type Size and Market Size Analysis
11.2.2 Revenue and Trends
11.2.3 Application Revenue and Trends by type of Application
11.2.4 Company Revenue and Product Analysis
11.2.5 North America Product type and Application Market Size
11.2.5.1 U.S
11.2.5.2 Mexico
11.2.5.3 Canada
11.2.5.4 Rest of North America
11.3 Lubricating Oil Additives- South America Segment Research
11.4 South America Market Research (Market Size -$Million / $Billion)
11.4.1 Segment type Size and Market Size Analysis
11.4.2 Revenue and Trends
11.4.3 Application Revenue and Trends by type of Application
11.4.4 Company Revenue and Product Analysis
11.4.5 South America Product type and Application Market Size
11.4.5.1 Ecuador
11.4.5.2 Costa Rica
11.4.5.3 Colombia
11.4.5.4 Peru
11.4.5.6 Argentina
11.4.5.7 Venezuela
11.4.5.8 Rest of South America
11.5 Lubricating Oil Additives- Europe Segment Research
11.6 Europe Market Research (Market Size -$Million / $Billion)
11.6.1 Segment type Size and Market Size Analysis
11.6.2 Revenue and Trends
11.6.3 Application Revenue and Trends by type of Application
11.6.4 Company Revenue and Product Analysis
11.6.5 Europe Segment Product type and Application Market Size
11.6.5.1 France
11.6.5.4 U.K
11.6.5.6 Denmark
11.6.5.7 Netherlands
11.6.5.8 Italy
11.6.5.9 Rest of Europe
11.7 Lubricating Oil Additives - APAC Segment Research
11.8 APAC Market Research (Market Size -$Million / $Billion)
11.8.1 Segment type Size and Market Size Analysis
11.8.2 Revenue and Trends
11.8.3 Application Revenue and Trends by type of Application
11.8.4 Company Revenue and Product Analysis
11.8.5 APAC Segment - Product type and Application Market Size
11.8.5.1 Australia
11.8.5.3 China
11.8.5.4 India
11.8.5.5 Malaysia
11.8.5.6 Hong kong
11.8.5.7 South Korea
11.8.5.8 Taiwan
11.8.5.9 Rest of APAC
11.9 Lubricating Oil Additives - Middle East Segment and Africa Segment Research
11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.5.1 UAE
11.10.5.3 Israel
11.10.6 Africa Segment Analysis
11.10.6.1 South Africa
11.10.6.2 Rest of Middle East & Africa
12.Lubricating Oil Additives Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships
13.Lubricating Oil Additives Market - Industry / Segment Competition landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top 10 companies
13.1.3 Market Share by type of Application - Top 10 companies
13.1.4 Market Share by type of Product / Product category- Top 10 companies
13.1.5 Market Share at global level - Top 10 companies
13.1.6 Best Practises for companies
14.Lubricating Oil Additives Market - Key Company List by Country Premium
15.Lubricating Oil Additives Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 BASF
15.4 Lanxess
15.5 BRB International
15.7 Chevron Oronite
15.8 Infineum
15.9 Afton Chemical
15.10 Lubrizol Corporation
15.11 Other Key Players
15.11.1 Baker Hughes
15.11.2 Clariant
15.11.3 ENI
15.11.4 Dorf Ketal
15.11.5 Cerion
15.11.6 Eurolub
15.11.7 Vanderbilt Chemicals
15.11.8 Jinzhou Kangtai Lubricant Additives
15.11.10 Jinzhou Runda Chemical
15.11.11 Shamrock Shipping & Trading Ltd
15.11.13 Wynns
15.12 Company 13
15.13 Company 14
16.Lubricating Oil Additives Market - Appendix
16.1 Abbreviations
16.2 Sources
17.Lubricating Oil Additives Market - Methodology
17.1 Research Methodology
17.1.1 Company Expert Interviews
17.1.2 Industry Databases
17.1.3 Associations
17.1.4 Company News
17.1.5 Company Annual Reports
17.1.6 Application Trends
17.1.7 New Products and Product database
17.1.8 Company Transcripts
17.1.9 R&D Trends
17.1.10 Key Opinion Leaders Interviews
17.1.11 Supply and Demand Trends
LIST OF TABLES
1.Global Lubricating Oil Additives Market By Functional Type Market 2019-2024 ($M)1.1 Extreme Pressure Additives Market 2019-2024 ($M) - Global Industry Research
1.2 Dispersants Market 2019-2024 ($M) - Global Industry Research
1.3 Viscosity Index Improvers Market 2019-2024 ($M) - Global Industry Research
1.4 Detergents Market 2019-2024 ($M) - Global Industry Research
1.5 Anti-Wear Agents Market 2019-2024 ($M) - Global Industry Research
1.6 Anti-Oxidants Market 2019-2024 ($M) - Global Industry Research
1.7 Rust & Corrosion Inhibitors Market 2019-2024 ($M) - Global Industry Research
1.8 Friction Modifiers Market 2019-2024 ($M) - Global Industry Research
1.9 Emulsifiers Market 2019-2024 ($M) - Global Industry Research
1.10 Pour Point Depressants Market 2019-2024 ($M) - Global Industry Research
2.Global Lubricating Oil Additives Market By Functional Type Market 2019-2024 (Volume/Units)
2.1 Extreme Pressure Additives Market 2019-2024 (Volume/Units) - Global Industry Research
2.2 Dispersants Market 2019-2024 (Volume/Units) - Global Industry Research
2.3 Viscosity Index Improvers Market 2019-2024 (Volume/Units) - Global Industry Research
2.4 Detergents Market 2019-2024 (Volume/Units) - Global Industry Research
2.5 Anti-Wear Agents Market 2019-2024 (Volume/Units) - Global Industry Research
2.6 Anti-Oxidants Market 2019-2024 (Volume/Units) - Global Industry Research
2.7 Rust & Corrosion Inhibitors Market 2019-2024 (Volume/Units) - Global Industry Research
2.8 Friction Modifiers Market 2019-2024 (Volume/Units) - Global Industry Research
2.9 Emulsifiers Market 2019-2024 (Volume/Units) - Global Industry Research
2.10 Pour Point Depressants Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America Lubricating Oil Additives Market By Functional Type Market 2019-2024 ($M)
3.1 Extreme Pressure Additives Market 2019-2024 ($M) - Regional Industry Research
3.2 Dispersants Market 2019-2024 ($M) - Regional Industry Research
3.3 Viscosity Index Improvers Market 2019-2024 ($M) - Regional Industry Research
3.4 Detergents Market 2019-2024 ($M) - Regional Industry Research
3.5 Anti-Wear Agents Market 2019-2024 ($M) - Regional Industry Research
3.6 Anti-Oxidants Market 2019-2024 ($M) - Regional Industry Research
3.7 Rust & Corrosion Inhibitors Market 2019-2024 ($M) - Regional Industry Research
3.8 Friction Modifiers Market 2019-2024 ($M) - Regional Industry Research
3.9 Emulsifiers Market 2019-2024 ($M) - Regional Industry Research
3.10 Pour Point Depressants Market 2019-2024 ($M) - Regional Industry Research
4.South America Lubricating Oil Additives Market By Functional Type Market 2019-2024 ($M)
4.1 Extreme Pressure Additives Market 2019-2024 ($M) - Regional Industry Research
4.2 Dispersants Market 2019-2024 ($M) - Regional Industry Research
4.3 Viscosity Index Improvers Market 2019-2024 ($M) - Regional Industry Research
4.4 Detergents Market 2019-2024 ($M) - Regional Industry Research
4.5 Anti-Wear Agents Market 2019-2024 ($M) - Regional Industry Research
4.6 Anti-Oxidants Market 2019-2024 ($M) - Regional Industry Research
4.7 Rust & Corrosion Inhibitors Market 2019-2024 ($M) - Regional Industry Research
4.8 Friction Modifiers Market 2019-2024 ($M) - Regional Industry Research
4.9 Emulsifiers Market 2019-2024 ($M) - Regional Industry Research
4.10 Pour Point Depressants Market 2019-2024 ($M) - Regional Industry Research
5.Europe Lubricating Oil Additives Market By Functional Type Market 2019-2024 ($M)
5.1 Extreme Pressure Additives Market 2019-2024 ($M) - Regional Industry Research
5.2 Dispersants Market 2019-2024 ($M) - Regional Industry Research
5.3 Viscosity Index Improvers Market 2019-2024 ($M) - Regional Industry Research
5.4 Detergents Market 2019-2024 ($M) - Regional Industry Research
5.5 Anti-Wear Agents Market 2019-2024 ($M) - Regional Industry Research
5.6 Anti-Oxidants Market 2019-2024 ($M) - Regional Industry Research
5.7 Rust & Corrosion Inhibitors Market 2019-2024 ($M) - Regional Industry Research
5.8 Friction Modifiers Market 2019-2024 ($M) - Regional Industry Research
5.9 Emulsifiers Market 2019-2024 ($M) - Regional Industry Research
5.10 Pour Point Depressants Market 2019-2024 ($M) - Regional Industry Research
6.APAC Lubricating Oil Additives Market By Functional Type Market 2019-2024 ($M)
6.1 Extreme Pressure Additives Market 2019-2024 ($M) - Regional Industry Research
6.2 Dispersants Market 2019-2024 ($M) - Regional Industry Research
6.3 Viscosity Index Improvers Market 2019-2024 ($M) - Regional Industry Research
6.4 Detergents Market 2019-2024 ($M) - Regional Industry Research
6.5 Anti-Wear Agents Market 2019-2024 ($M) - Regional Industry Research
6.6 Anti-Oxidants Market 2019-2024 ($M) - Regional Industry Research
6.7 Rust & Corrosion Inhibitors Market 2019-2024 ($M) - Regional Industry Research
6.8 Friction Modifiers Market 2019-2024 ($M) - Regional Industry Research
6.9 Emulsifiers Market 2019-2024 ($M) - Regional Industry Research
6.10 Pour Point Depressants Market 2019-2024 ($M) - Regional Industry Research
7.MENA Lubricating Oil Additives Market By Functional Type Market 2019-2024 ($M)
7.1 Extreme Pressure Additives Market 2019-2024 ($M) - Regional Industry Research
7.2 Dispersants Market 2019-2024 ($M) - Regional Industry Research
7.3 Viscosity Index Improvers Market 2019-2024 ($M) - Regional Industry Research
7.4 Detergents Market 2019-2024 ($M) - Regional Industry Research
7.5 Anti-Wear Agents Market 2019-2024 ($M) - Regional Industry Research
7.6 Anti-Oxidants Market 2019-2024 ($M) - Regional Industry Research
7.7 Rust & Corrosion Inhibitors Market 2019-2024 ($M) - Regional Industry Research
7.8 Friction Modifiers Market 2019-2024 ($M) - Regional Industry Research
7.9 Emulsifiers Market 2019-2024 ($M) - Regional Industry Research
7.10 Pour Point Depressants Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Lubricating Oil Additives Market Revenue, 2019-2024 ($M)2.Canada Lubricating Oil Additives Market Revenue, 2019-2024 ($M)
3.Mexico Lubricating Oil Additives Market Revenue, 2019-2024 ($M)
4.Brazil Lubricating Oil Additives Market Revenue, 2019-2024 ($M)
5.Argentina Lubricating Oil Additives Market Revenue, 2019-2024 ($M)
6.Peru Lubricating Oil Additives Market Revenue, 2019-2024 ($M)
7.Colombia Lubricating Oil Additives Market Revenue, 2019-2024 ($M)
8.Chile Lubricating Oil Additives Market Revenue, 2019-2024 ($M)
9.Rest of South America Lubricating Oil Additives Market Revenue, 2019-2024 ($M)
10.UK Lubricating Oil Additives Market Revenue, 2019-2024 ($M)
11.Germany Lubricating Oil Additives Market Revenue, 2019-2024 ($M)
12.France Lubricating Oil Additives Market Revenue, 2019-2024 ($M)
13.Italy Lubricating Oil Additives Market Revenue, 2019-2024 ($M)
14.Spain Lubricating Oil Additives Market Revenue, 2019-2024 ($M)
15.Rest of Europe Lubricating Oil Additives Market Revenue, 2019-2024 ($M)
16.China Lubricating Oil Additives Market Revenue, 2019-2024 ($M)
17.India Lubricating Oil Additives Market Revenue, 2019-2024 ($M)
18.Japan Lubricating Oil Additives Market Revenue, 2019-2024 ($M)
19.South Korea Lubricating Oil Additives Market Revenue, 2019-2024 ($M)
20.South Africa Lubricating Oil Additives Market Revenue, 2019-2024 ($M)
21.North America Lubricating Oil Additives By Application
22.South America Lubricating Oil Additives By Application
23.Europe Lubricating Oil Additives By Application
24.APAC Lubricating Oil Additives By Application
25.MENA Lubricating Oil Additives By Application
26.Lubrizol Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Chevron Oronite, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Afton Chemical, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Infineum, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Evonik Industries, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.BASF, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Lanxess, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Croda, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.BRB International, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Total, Sales /Revenue, 2015-2018 ($Mn/$Bn)