Global Lubricant Additives Market to Reach USD 23.9 Billion by 2033, Stringent Emission Standards Strengthening Growth

January 03, 2025 | Chemical & Materials

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According to the latest report by IMARC Group, titled “Lubricant Additives Market Report by Type (Dispersants, Viscosity Index Improvers, Detergents, Antiwear and Antioxidants, Corrosion Inhibitors, Friction Modifiers, Emulsifiers), End-Use (Automotive Lubricant, Metalworking Fluid, Industrial Engine Oil, Process Oil, Grease), Distribution Channel (Retail, Institutional), and Region 2025-2033”, the global lubricant additives market size reached USD 17.8 Billion in 2024. Lubricant additives refer to organic or inorganic chemical compounds that are suspended or dissolved in engine oils and functional fluids to enhance their overall performance. They assist in improving the existing base oil properties with anti-foam and demulsifying agents and suppressing the undesirable properties with pour-point depressants. They are also used for imparting new properties to base oils with extreme pressure (EP) additives. Lubricant additives help in averting reaction with moisture present in the environment by creating a protective chemical barrier that safeguards the machinery from internal rust.

Global Lubricant Additives Market Trends:

Lubricant additives offer numerous advantages to end users including minimized costs, reduced friction and enhanced vehicle reliability. Moreover, the development of advanced lubricant additives has aided in extending oil drain service intervals, improving engine durability, and reducing CO₂ emissions from passenger cars and commercial vehicles. Apart from this, the growing demand for lubricants for use in automotive and industrial engines is boosting the market growth. This is supported by the introduction of high-performance engines along with the implementation of stringent emission standards in various countries. Looking forward, the market is projected to reach a value of USD 23.9 Billion by 2033, expanding at a CAGR of 3.15% during 2025-2033.

Market Summary:

Based on the type, the market has been segmented into dispersants, viscosity index improvers, detergents, anti-wear and anti-oxidants, corrosion inhibitors, friction modifiers, and emulsifiers. At present, dispersants represent the most popular type of lubricant additives, holding the largest share.
On the basis of the end use, the market has been classified into automotive lubricant, metalworking fluid, industrial engine oil, process oil and grease. Currently, automotive lubricant accounts for the majority of the market share.
The market has been bifurcated on the basis of the distribution channel as retail and institutional segments. Presently, the retail segment exhibits dominance in the market.
Region-wise, the market has been classified into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America. Amongst these, Asia Pacific is the leading market, accounting for the majority of the share.
The competitive landscape of the market has also been examined with some of the key players being Afton Chemical Corporation, Chevron Corp., Infineum International Limited, The Lubrizol Corporation, BRB International BV, BASF SE, Croda Lubricants, Wuxi South Petroleum Additive Co., Dorf Ketal, DOG Chemie, Eni SpA., Dover Chemical, Jinzhou Kangtai Lubricant Additives Co. Ltd., King Industries Inc. and Evonik Industries AG.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Type, End-Use, Distribution Channel, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered	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.
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Lubricant Additives Market to Reach USD 23.9 Billion by 2033, Stringent Emission Standards Strengthening Growth

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