Lubricant Additives Market
Global Lubricant Additives Market is segmented By Function (Dispersants, Viscosity Modifiers, Detergents, Anti-wear & Extreme Pressure Additives, Corrosion Inhibitors, Anti-oxidants, Emulsifiers, Friction Modifiers, Others), By Lubricants Type (Engine Oil, Hydraulic Oil, Transmission Fluid, Metalworking Oils, Greases, Industrial Gear Oils, Concrete Release Agents, Chainsaw Oils, Compressor Oils, Others), By End User (Automotive, Locomotive, Aerospace & Marine, Refrigeration, Construction, Metallurgy & Metal Working, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029
The Global Lubricant Additives Market is estimated to grow with a CAGR of 4.87 % during the forecast period (2022-2029).
Lubricant Additives Market Scope and Summary
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Metrics |
Details |
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Market CAGR |
4.87% |
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Segments Covered |
By Function, By Lubricant Type, By End-User, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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Lubricant Additives Market Trends
- Lubricant Additives are multi-functional chemical components that provide one or more functions in the fluid when used at a specific treatment rate generally from < 1 to 35 percent.
- Several factors impact Lubricant Additives Applications and their market, and one of them is growing in the automotive Industry.
Growing Automotive Industry and Lubricant Additives Applications
- Automotive applications tend to be highly technical and present a broader market for both finished lubricants and Lubricant Additives.
- In Asia-Pacific, growth in Lubricant Additives Market is due to emerging economies while Europe and North America have stringent environmental regulations that drive the market for alternative fuels such as compressed natural gas (CNG), liquefied petroleum gas (LPG), and bio-lubricants.
- This is expected to decrease the demand for lubricants, because their life increases with these fuels, resulting in delayed oil change intervals.
- The Global Lubricant Additives Market is directly impacted by the automotive industry and its sales growth.
Lubricant Additives Market Industry Analysis
- The lubricant Additives Market is segmented based on Function into
- Detergents, Anti-oxidants, Corrosion Inhibitors, Friction Modifiers, Dispersants, Viscosity Modifiers, Emulsifiers, Anti-wear & Extreme Pressure Additives, and Others. Further, based on Lubricant Type, the market is segmented into Hydraulic Oil, Engine Oil, Industrial Gear Oils, Metalworking Oils, Greases, Transmission Fluid, Concrete Release Agents, Chainsaw Oils, Compressor Oils, and Others.
- The market is categorized based on End-user Industry into
- Construction, Locomotive, Automotive, Metallurgy & Metal Working, Aerospace & Marine, Refrigeration, and Others.
- The report segments the geographies by region which include North America, South America, Europe, Asia Pacific, and RoW.
Scope of the Report
- The report covers factors impacting the market, Porter 5 Forces, Lubricant Additives Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.
- Lubricant Additives Companies
- The report profiles companies occupying considerable Lubricant Additives Market Share. They are:
- Afton Chemical Corporation, BASF SE, Chemtura Corporation, Chevron Oronite Company Llc, Croda International Plc, Evonik Industries Ag, Infineum International Ltd., Shamrock Shipping & Trading Limited, The Lubrizol Corporation, and Tianhe Chemicals Group.
Frequently Asked Questions
What is the Lubricant Additives Market growth?
The market is growing at a high CAGR of 4.87%.
What is the Lubricant Additives Market size in 2021?
The Market size was valued at USD YY million in 2021.
Who are the key players in Lubricant Additives Market?
Major Players are Afton Chemical Corporation, BASF SE, Chemtura Corporation, Chevron Oronite Company Llc, Croda International Plc, Evonik Industries Ag, Infineum International Ltd., Shamrock Shipping & Trading Limited, The Lubrizol Corporation, and Tianhe Chemicals Group.