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The global lubricant additives market reached a value of US$ 16.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 19.2 Billion by 2027, exhibiting at a CAGR of 2.9% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Lubricant additives are chemicals used for enhancing the functioning of lubricating oils by helping the engine oil to stay longer and making the engine safe under all operating conditions. They typically range between 0.1% to 30% of the oil volume, depending on the application.
Additives can be of various types, some additives impart new and useful properties to the lubricant, whereas, others enhance properties that are already present. Some lubricants also act to lower the rate at which unwanted changes take place in the product throughout its service life. A number of factors are currently catalysing the global demand for lubricant additives.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global lubricant additives market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on type, end-use and distribution channel.
Breakup by Type:
Based on the type, the market has been segmented as dispersants, viscosity index improvers, detergents, antiwear and antioxidants, corrosion inhibitors, friction modifiers and emulsifiers.
Breakup by End-Use:
On the basis of the end-use, automotive lubricants represent the largest segment. Other major segments covered in the report include metalworking fluid, industrial engine oil, process oil and grease.
Breakup by Distribution Channel:
On the basis of the distribution channel, the report has segmented the market into institutional and retail.
Breakup by Region:
Region-wise, the market has been segmented into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America. Amongst these, Asia Pacific currently represents the largest market.
The competitive landscape of the market has also been examined with some of the key players being 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.
This report provides a deep insight into the global lubricant additives market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the lubricant additives industry in any manner
|Base Year of the Analysis||2021|
|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|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|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)|
Key Questions Answered in This Report:
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