The lubricant additives market was valued at US$ 15,584.9 million in 2021 and is projected to reach US$ 19,880.12 million by 2028; it is expected to register a CAGR of 3.5% from 2021 to 2028.
Lubricant additives are used in the processing of synthetic lubricants, which are commonly used in the industrial and automotive sectors due to their superior characteristics to natural mineral oil. Thus, the flourishment of the industrial and automotive sectors boosts the demand for synthetic lubricants. Engine oil is the most commonly used lubricant in the automotive and industrial sectors. It has excellent physical and chemical properties, including a higher viscosity index, lower volatility, pour point, and greater thermal stability. The addition of additives such as viscosity modifiers, and pour point depressants in lubricants improves their physical and chemical properties. Hence, the extensive application of lubricants in various industries is the key factor driving the lubricants additives market as the blending of lubricants with additives enhances their performance and service life.
In 2020, Asia Pacific held the largest share of the global lubricant additives market. The major factor contributing to the growth of the market in this region is the growing demand for lubricant additives from the automotive and other manufacturing industries. The increasing development of automotive parts and components in the region with the rise in vehicle production, coupled with continuous innovations from automotive fuel manufacturers, creates lucrative opportunities for the lubricant market, which, in turn, drives the market growth. Further, growing construction activities, especially in China and India, are likely to attract global market players to establish their businesses in Asia Pacific. Heavy commercial vehicles are widely used in China as consumers prefer them due to their high carrying capacity and strong suspension systems. Therefore, they are helpful in transportation activities. Heavy commercial vehicles, for instance, trucks, are widely used in logistics, construction, and agriculture due to their heavy load-carrying capacity. They are mainly used for transporting debris and materials from one location to another in any terrain. All these factors will drive the market demand for lubricant additives.
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Lubricant Additives Market: Strategic Insights
Market Size Value in US$ 15,584.9 million in 2021 Market Size Value by US$ 19,880.12 million by 2028 Growth rate CAGR of 3.5% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2022
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Lubricant Additives Market: Strategic Insights
| Market Size Value in | US$ 15,584.9 million in 2021 |
| Market Size Value by | US$ 19,880.12 million by 2028 |
| Growth rate | CAGR of 3.5% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2022 |
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Impact of COVID-19 Pandemic on Lubricant Additives Market
The COVID-19 pandemic severely impacted the global market in 2020 due to disrupted supply chains of raw materials used in the production of lubricant additives. Ease in lockdown measures in several countries and resumption of operational activities in many industries has helped in the revival of the demand for lubricant additives from 2021. In addition, the rapid pace of COVID-19 vaccination programs has been supporting the growth of the lubricant additives market.
Market Insights
Rapid Industrial Growth Favors Lubricant Additives Market Growth
Lubricants are among the key components used in the industrial sector, as they help equipment in operating at high efficiencies and with maximum reliability. Mineral and synthetic lubricants, greases, compressor oils, and cutting fluids are several types of lubricants that are used as additives across the automotive, oil & gas, textile, glass, power generation, paper and pulp, chemicals and petrochemicals, agriculture, manufacturing, food & beverages, and pharmaceuticals industries, among others. The growth of these industries across the world results in the generation of a huge demand for lubricants, as well as lubricant additives. The textile finishing industries, especially across Asia Pacific, generate a high demand for industrial lubricants. There is a high demand for industrial lubricants from textile industries in Asia Pacific. Thus, the extensive application of lubricants in various industries and the rapid growth in the industrial sector are the key factors driving the lubricants additives market.
Application Insights
Based on application, the market is segmented into automotive and industrial. The automotive segment held a larger market share in 2020. Lubricant additives are used in engine oil and motor oil for preventing flocculation of inorganic substances in the oil at the time of operation. There is high demand for lubricant additives in the multigrade engine oils, gear oils, automatic transmission fluids, power-steering fluids, greases, and some hydraulic fluids to maintain viscosity at high temperature. Many automotive manufacturers are investing in the improvement of the fuel efficiency of vehicles, which is likely to further contribute to the market growth in the coming years.
A few of the key market players in the lubricant additives market are Evonik Industries AG; The Lubrizol Corporation; LANXESS, Nouryon; Mol-lub Kft.; Dover Chemical Corporation; Croda International plc; Chevron Corporation; BASF SE; and EXXON MOBIL CORPORATION. These companies provide a wide range of product portfolios for the lubricant additives market. These companies have their presence in the developing regions, which provides a lucrative opportunity for lubricant additives. These market players are highly focused on developing high-quality and innovative products to fulfil the customer’s requirements.
Report Spotlights
- Progressive industry trends in the lubricant additives market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the lubricant additives market from 2019 to 2028
- Estimation of global demand for lubricant additives
- Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers in lubricant additives market
- Recent developments to understand the competitive market scenario
- Market trends and outlook as well as factors driving and restraining the growth of the lubricant additives market
- Assistance in decision-making process by highlighting market strategies that underpin commercial interest
- The size of the lubricant additives market at various nodes
- Detailed overview and segmentation of the market, as well as the lubricant additives industry dynamics
- Size of the lubricant additives market in various regions with promising growth opportunities
Lubricant Additives Market Report Scope
Lubricant Additives Market
Type
- Dispersants
- Viscosity Index Improvers
- Detergents
- Antiwear Agent
- Emulsifiers
- Others
Application
- Automotive
- Industrial
Company Profiles
- Evonik Industries AG
- The Lubrizol Corporation
- LANXESS
- Nouryon
- Mol-lub Kft.
- Dover Chemical Corporation
- Croda International plc
- Chevron Corporation
- BASF SE
- EXXON MOBIL CORPORATION
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Asia Pacific is estimated to register the fastest CAGR in the global lubricant additives market over the forecast period. The development of automotive parts and components in the region with the rise of electric vehicle production has created lucrative opportunities for lubricant additives. Extensive innovation and prototyping from major automakers coupled with consumer preference are some of the factors driving the market growth.
The industrial segment is estimated to register fastest CAGR in the global lubricant additives market. Lubricant is one of the key components used in the industrial sector, which helps keep the equipment operating at peak efficiency and with maximum reliability. There are numerous types of lubricants such as mineral and synthetic lubricants, greases, compressor oils, and cutting fluids that contain additives used across various industries, including automotive, oil & gas, textile, glass, power generation, paper & pulp, chemicals & petrochemicals, agriculture, manufacturing, food & beverages, and pharmaceuticals. The growth of these industries across the globe creates a huge demand for lubricants, this, in turn creates demand for lubricant additives.
The automotive segment held the largest share of the market in 2021. The automotive sector has witnessed tremendous growth in the last decade and is expected to rise steadily during the forecast period. As per the data of Organisation Internationale des Constructeurs d'Automobiles (OICA), the American countries recorded over ~16.2 million commercial & passenger car production in 2010, and this production rate has grown by more than 23% and registered over ~20 million commercial & passenger production in 2019. The automotive industry in China has been growing rapidly and the country is playing an increasingly important role in the global automotive market. With increasing regulatory pressure on improving the fuel efficiency of vehicles and reducing greenhouse gas emissions, there has been a remarkable development in lubricating oil formulations.
The dispersants segment held the largest market share. Dispersants are the highest volume additive used in crankcase lubricants and, with treat rates in heavy-duty vehicles and in passenger cars. Dispersants control sludge and varnish build-up by preventing the formation of large structures that could lead to gel formation, and by inhibiting their phase separation from the oil onto engine surfaces.
The major players operating in the global lubricant additives market are Evonik Industries AG; The Lubrizol Corporation; LANXESS, Nouryon; Mol-lub Kft.; Dover Chemical Corporation; Croda International plc; Chevron Corporation; BASF SE; and EXXON MOBIL CORPORATION
In 2021, Asia Pacific held the largest share of the global lubricant additives market. The rise in the number of on-fleet vehicles in countries like China, India and South Korea has fueled the demand for lubricant additives. Increasing awareness regarding fuel economy will propel the demand for lubricant additives in the Asia Pacific.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
1.2.1 Lubricant Additives Market, by Type
1.2.2 Lubricant Additives Market, by Application
1.2.3 Lubricant Additives Market, by Geography
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Lubricant Additives Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Ecosystem Analysis
4.4.1 Raw Material Suppliers
4.4.2 Manufacturers
4.4.3 Distributors/Suppliers
4.4.4 End-User Industries
5. Lubricant Additives Market — Key Market Dynamics
5.1 Market Drivers
5.1.1 Flourishing Automotive Sector
5.1.2 Rapid Industrial Growth
5.2 Market Restraints
5.2.1 Stringent Government Policies Regarding Application of Lubricant Additives
5.3 Market Opportunities
5.3.1 Increasing Demand for Lubricants from Wind Energy Sector
5.4 Future Trends
5.4.1 Growing Demand for Synthetic Lubricants
5.5 Impact Analysis of Drivers and Restraints
6. Lubricant Additives –Market Analysis
6.1 Lubricant Additives Market Overview
6.2 Lubricant Additives Market –Revenue and Forecast to 2028
6.3 Competitive Positioning – Key Market Players
7. Lubricant Additives Market Analysis – By Type
7.1 Overview
7.2 Lubricant Additives Market, By Type (2020 and 2028)
7.3 Dispersants
7.3.1 Overview
7.3.2 Dispersants: Lubricant Additives Market – Revenue and Forecast to 2028 (US$ Mn)
7.4 Viscosity Index Improvers
7.4.1 Overview
7.4.2 Viscosity Index Improvers: Lubricant Additives Market – Revenue and Forecast to 2028 (US$ Mn)
7.5 Detergents
7.5.1 Overview
7.5.2 Detergents: Lubricant Additives Market – Revenue and Forecast to 2028 (US$ Mn)
7.6 Antiwear Agent
7.6.1 Overview
7.6.2 Antiwear Agent: Lubricant Additives Market – Revenue and Forecast to 2028 (US$ Mn)
7.7 Emulsifiers
7.7.1 Overview
7.7.2 Emulsifiers: Lubricant Additives Market – Revenue and Forecast to 2028 (US$ Mn)
7.8 Others
7.8.1 Overview
7.8.2 Others: Lubricant Additives Market – Revenue and Forecast to 2028 (US$ Mn)
8. Lubricant Additives Market Analysis – By Application
8.1 Overview
8.2 Lubricant Additives Market, By Application (2020 and 2028)
8.3 Automotive
8.3.1 Overview
8.3.2 Automotive : Lubricant Additives Market – Revenue and Forecast to 2028 (US$ Mn)
8.4 Industrial
8.4.1 Overview
8.4.2 Industrial : Lubricant Additives Market – Revenue and Forecast to 2028 (US$ Mn)
9. Lubricant Additives Market – Geographic Analysis
9.1 Overview
9.2 North America: Lubricant Additives Market
9.3 North America: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.3.1 North America: Lubricant Additives Market, by Type
9.3.2 North America: Lubricant Additives Market, by Application
9.3.3 North America: Lubricant Additives Market, by Key Country
9.3.3.1 US: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.3.3.1.1 US: Lubricant Additives Market, by Type
9.3.3.1.2 US: Lubricant Additives Market, by Application
9.3.3.2 Canada: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.3.3.2.1 Canada: Lubricant Additives Market, by Type
9.3.3.2.2 Canada: Lubricant Additives Market, by Application
9.3.3.3 Mexico: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.3.3.3.1 Mexico : Lubricant Additives Market, by Type
9.3.3.3.2 Mexico: Lubricant Additives Market, by Application
9.4 Europe: Lubricant Additives Market
9.4.1 Europe: Lubricant Additives Market–Revenue and Forecast to 2028 (US$ Million)
9.4.2 Europe: Lubricant Additives Market, by Type
9.4.3 Europe: Lubricant Additives Market, by Application
9.4.4 Europe: Lubricant Additives Market, by Key Country
9.4.4.1 Germany: Lubricant Additives Market–Revenue and Forecast to 2028 (US$ Million)
9.4.4.1.1 Germany: Lubricant Additives Market, by Application
9.4.4.2 France: Lubricant Additives Market–Revenue and Forecast to 2028 (US$ Million)
9.4.4.2.1 France: Lubricant Additives Market, by Type
9.4.4.2.2 France: Lubricant Additives Market, by Application
9.4.4.3 Italy: Lubricant Additives Market–Revenue and Forecast to 2028 (US$ Million)
9.4.4.3.1 Italy: Lubricant Additives Market, by Type
9.4.4.3.2 Italy: Lubricant Additives Market, by Application
9.4.4.4 United Kingdom: Lubricant Additives Market–Revenue and Forecast to 2028 (US$ Million)
9.4.4.4.1 United Kingdom: Lubricant Additives Market, by Type
9.4.4.4.2 United Kingdom: Lubricant Additives Market, by Application
9.4.4.5 Russia: Lubricant Additives Market–Revenue and Forecast to 2028 (US$ Million)
9.4.4.5.1 Russia: : Lubricant Additives Market, by Type
9.4.4.5.2 Russia: : Lubricant Additives Market, by Application
9.4.4.6 Rest of Europe: Lubricant Additives Market–Revenue and Forecast to 2028 (US$ Million)
9.4.4.6.1 Rest of Europe: Lubricant Additives Market, by Type
9.4.4.6.2 Rest of Europe: Lubricant Additives Market, by Application
9.5 Asia Pacific: Lubricant Additives Market
9.5.1 Asia Pacific: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.5.2 Asia Pacific: Lubricant Additives Market, by Type
9.5.3 Asia Pacific: Lubricant Additives Market, by Application
9.5.4 Asia Pacific: Lubricant Additives Market Revenue Share, by Key Country
9.5.4.1 Australia: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.5.4.1.1 Australia: Lubricant Additives Market, by Type
9.5.4.1.2 Australia: Lubricant Additives Market, by Application
9.5.4.2 China: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.5.4.2.1 China: Lubricant Additives Market, by Type
9.5.4.2.2 China: Lubricant Additives Market, by Application
9.5.4.3 India: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.5.4.3.1 India: Lubricant Additives Market, by Type
9.5.4.3.2 India: Lubricant Additives Market, by Application
9.5.4.4 Japan: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.5.4.4.1 Japan: Lubricant Additives Market, by Type
9.5.4.4.2 Japan: Lubricant Additives Market, by Application
9.5.4.5 South Korea: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.5.4.5.1 South Korea: Lubricant Additives Market, by Type
9.5.4.5.2 South Korea: Lubricant Additives Market, by Application
9.5.4.6 Rest of Asia Pacific: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.5.4.6.1 Rest of Asia Pacific: Lubricant Additives Market, by Type
9.5.4.6.2 Rest of Asia Pacific: Lubricant Additives Market, by Application
9.6 Middle East and Africa: Lubricant Additives Market
9.6.1 Middle East and Africa: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.6.2 Middle East and Africa: Lubricant Additives Market, by Type
9.6.3 Middle East and Africa: Lubricant Additives Market, by Application
9.6.4 Middle East and Africa: Lubricant Additives Market, by Key Country
9.6.4.1 South Africa: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.6.4.1.1 South Africa: Lubricant Additives Market, by Type
9.6.4.1.2 South Africa: Lubricant Additives Market, by Application
9.6.4.2 Saudi Arabia: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.6.4.2.1 Saudi Arabia: Lubricant Additives Market, by Type
9.6.4.2.2 Saudi Arabia: Lubricant Additives Market, by Application
9.6.4.3 UAE: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.6.4.3.1 UAE: Lubricant Additives Market, by Type
9.6.4.3.2 UAE: Lubricant Additives Market, by Application
9.6.4.4 Rest of MEA: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.6.4.4.1 Rest of MEA: Lubricant Additives Market, by Type
9.6.4.4.2 Rest of MEA: Lubricant Additives Market, by Application
9.7 South and Central America: Lubricant Additives Market
9.7.1 South and Central America: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.7.2 South and Central America: Lubricant Additives Market, by Type
9.7.3 South and Central America: Lubricant Additives Market, by Application
9.7.4 South and Central America: Lubricant Additives Market, by Key Country
9.7.4.1 Brazil: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.7.4.1.1 Brazil: Lubricant Additives Market, by Type
9.7.4.1.2 Brazil: Lubricant Additives Market, by Application
9.7.4.2 Argentina: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.7.4.2.1 Argentina: Lubricant Additives Market, by Type
9.7.4.2.2 Argentina: Lubricant Additives Market, by Application
9.7.4.3 Rest of South and Central America: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.7.4.3.1 Rest of South and Central America: Lubricant Additives Market, by Type
9.7.4.3.2 Rest of South and Central America: Lubricant Additives Market, by Application
10. Impact of COVID-19
10.1 Overview – Impact of COVID-19
10.2 Impact of COVID-19 on Lubricant Additives Market
10.3 North America: Impact Assessment of COVID-19 Pandemic
10.4 Europe: Impact Assessment of COVID-19 Pandemic
10.5 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.6 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.7 South America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. Company Profiles
12.1 Evonik Industries AG
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 The Lubrizol Corporation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 LANXESS
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Mol-lub Kft.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Dover Chemical Corporation
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Nouryon
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 EXXON MOBIL CORPORATION
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Croda International plc
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Chevron Corporation
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 BASF SE
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Global Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. Global Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 5. North America Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 6. US Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 7. US Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 8. Canada Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 9. Canada Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 10. Mexico Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 11. Mexico Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 12. Europe Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 13. Europe Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 14. Germany Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 15. Germany Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 16. France Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 17. France Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 18. Italy Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 19. Italy Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 20. United Kingdom Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 21. United Kingdom Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 22. Russia : Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 23. Russia : Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 24. Rest of Europe Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 25. Rest of Europe Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 26. Asia Pacific Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 27. Asia Pacific Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 28. Australia Lubricant Additives Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 29. Australia Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 30. China Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 31. China Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 32. India Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 33. India Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 34. Japan Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 35. Japan Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 36. South Korea Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 37. South Korea Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 38. Rest of Asia Pacific Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 39. Rest of Asia Pacific Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 42. South Africa Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 43. South Africa Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 44. Saudi Arabia Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 45. Saudi Arabia Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 46. UAE Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 47. UAE Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 48. Rest of MEA Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 49. Rest of MEA Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 50. South and Central America Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 51. South and Central America Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 52. Brazil Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 53. Brazil Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 54. Argentina Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 55. Argentina Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 56. Rest of South and Central America Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 57. Rest of South and Central America Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 58. Glossary of Terms, Global Lubricant Additives Market
LIST OF FIGURES
Figure 1. Lubricant Additives Market Segmentation
Figure 2. Lubricant Additives Market Segmentation – By Geography
Figure 3. Global Lubricant Additives Market Overview
Figure 4. Global Lubricant Additives Market, By Application
Figure 5. Global Lubricant Additives Market, by Geography
Figure 6. Global Lubricant Additives Market, Industry Landscape
Figure 7. Porter's Five Forces Analysis
Figure 8. Expert Opinion
Figure 9. Ecosystem Chain: Lubricant Additives
Figure 10. Lubricant Additives Market Impact Analysis of Drivers and Restraints
Figure 11. Geographic Overview of Lubricant Additives Market
Figure 12. Lubricant Additives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Lubricant Additives Market Revenue Share, By Type (2020 and 2028)
Figure 14. Dispersants: Lubricant Additives Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 15. Viscosity Index Improvers: Lubricant Additives Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 16. Detergents: Lubricant Additives Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 17. Antiwear Agent: Lubricant Additives Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 18. Emulsifiers: Lubricant Additives Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 19. Others: Lubricant Additives Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 20. Lubricant Additives Market Revenue Share, By Application (2020 and 2028)
Figure 21. Automotive : Lubricant Additives Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 22. Industrial : Lubricant Additives Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 23. Global Lubricant Additives Market Revenue Share, by Region (2020 and 2028)
Figure 24. North America: Lubricant Additives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. North America: Lubricant Additives Market Revenue Share, by Type (2020 and 2028)
Figure 26. North America: Lubricant Additives Market Revenue Share, by Application (2020 and 2028)
Figure 27. North America: Lubricant Additives Market Revenue Share, by Key Country (2020 and 2028)
Figure 28. US: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 29. Canada: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 30. Mexico: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 31. Europe: Lubricant Additives Market– Revenue and Forecast to 2028 (US$ Million)
Figure 32. Europe: Lubricant Additives Market Revenue Share, by Type (2020 and 2028)
Figure 33. Europe: Lubricant Additives Market Revenue Share, by Application (2020 and 2028)
Figure 34. Europe: Lubricant Additives Market Revenue Share, by Key Country (2020 and 2028)
Figure 35. Germany: Lubricant Additives Market–Revenue and Forecast to 2028 (US$ Million)
Figure 36. France: Lubricant Additives Market–Revenue and Forecast to 2028 (US$ Million)
Figure 37. Italy: Lubricant Additives Market–Revenue and Forecast to 2028 (US$ Million)
Figure 38. United Kingdom: Lubricant Additives Market–Revenue and Forecast to 2028 (US$ Million)
Figure 39. Russia: Lubricant Additives Market–Revenue and Forecast to 2028 (US$ Million)
Figure 40. Rest of Europe: Lubricant Additives Market–Revenue and Forecast to 2028 (US$ Million)
Figure 41. Asia Pacific: Lubricant Additives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Asia Pacific: Lubricant Additives Market Revenue Share, by Type (2020 and 2028)
Figure 43. Asia Pacific: Lubricant Additives Market Revenue Share, by Application (2020 and 2028)
Figure 44. Asia Pacific: Lubricant Additives Market Revenue Share, by Key Country (2020 and 2028)
Figure 45. Australia: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 46. China: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 47. India: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 48. Japan: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 49. South Korea: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 50. Rest of Asia Pacific: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 51. Middle East and Africa: Lubricant Additives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. Middle East and Africa: Lubricant Additives Market Revenue Share, by Type (2020 and 2028)
Figure 53. Middle East and Africa: Lubricant Additives Market Revenue Share, by Application (2020 and 2028)
Figure 54. Middle East and Africa: Lubricant Additives Market Revenue Share, by Key Country (2020 and 2028)
Figure 55. South Africa: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 59. South and Central America: Lubricant Additives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. South and Central America: Lubricant Additives Market Revenue Share, by Type (2020 and 2028)
Figure 61. South and Central America: Lubricant Additives Market Revenue Share, by Application (2020 and 2028)
Figure 62. South and Central America: Lubricant Additives Market Revenue Share, by Key Country (2020 and 2028)
Figure 63. Brazil: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 64. Argentina: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 65. Rest of South and Central America: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 66. Impact of COVID-19 Pandemic on Lubricant Additives Market in North America
Figure 67. Impact of COVID-19 Pandemic on Lubricant Additives Market in Europe
Figure 68. Impact of COVID-19 Pandemic on Lubricant Additives Market in Asia Pacific
Figure 69. Impact of COVID-19 Pandemic on Lubricant Additives in Middle East and Africa
Figure 70. Impact of COVID-19 Pandemic on Lubricant Additives in South America
The List of Companies - Lubricant Additives Market
- Evonik Industries AG
- The Lubrizol Corporation
- LANXESS
- Nouryon
- Mol-lub Kft.
- Dover Chemical Corporation
- Croda International plc
- Chevron Corporation
- BASF SE
- EXXON MOBIL CORPORATION
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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