Market Overview:
The global anti-wear additives market is estimated to be valued at US$ 2,362.8 Mn in 2018 and is projected to register a CAGR of 5.1% over the forecast period (2018–2030) to reach a value of US$ 3,521.4 Mn by 2030. The growth of the global anti-wear additives market can be attributed to the increasing demand for automotive and construction applications across the globe. Based on type, the ZDDP segment is expected to account for a major share of the global anti-wear additives market in 2018. This can be attributed to its high performance as an anti-wear additive and its ability to protect engine parts from wear and tear caused by friction during operation. The phosphorus segment is projected to register highest CAGR over the forecast period owingto its growing demand from automotive applications across regions such as Asia Pacificand Latin America .
Product Definition:
An anti-wear additive is a chemical compound that is used in lubricating oils to help reduce wear on moving parts. The importance of anti-wear additives is that they can help extend the life of machinery by reducing the amount of wear and tear on its components.
ZDDP:
Zinc Dioctyl Phthalate (ZDDP) is an anti-wear additive used in lubricants to prevent sludge, rust and corrosion. ZDDP has a high growth factor as compared to other additives such as zinc selenide or bismuth oxychloride.
It is also known as the “Super Z” since it has a higher growth rate than any other additive currently available in the market.
Phosphorus:
Phosphorus is a chemical element that exists in various forms. The most common form of phosphorus is white powder which has a similar appearance like table salt. It can also be found in the form of black rock powder and yellowish-white granules. Phosphorus can be used as an additive for lubricants, paints & coatings, adhesives & sealants and printing inks on account of its high heat resistance property.
Application Insights:
Automotive was the largest application segment in 2017 and is projected to witness significant growth over the forecast period. The anti-wear additives are used in various automotive lubricants, which help reduce friction, heat and wear between moving parts of an engine. They also help prevent metal on metal contact that leads to increased oil flow resistance and reduced oil pressure resulting in a damaged engine block.
The construction industry is expected to register a high growth rate over the forecast period owing to increasing infrastructure development projects across several countries worldwide including China, India, U.S., Saudi Arabia etcetera.
Regional Analysis:
Asia Pacific anti-wear additives market is expected to grow at the highest CAGR of XX% from 2018 to 2030 owing to increasing automotive production and sales in countries such as China, India, Japan and South Korea. In addition, rising investments in infrastructure development are anticipated to drive product demand over the forecast period.
The presence of major automobile manufacturers including Toyota Motor Corporation; Honda Motor Co., Ltd.; Nissan Motors Ltd.; Mazda Motor Corp.; Mitsubishi Heavy Industries; Isuzu Motors Ltd.; SuzukiMotorCorp; Tata motors limited etc will boost product demand further over the coming years.
North America was estimated as one of the largest regional markets for anti-wear additives with a revenue share of 22.1% in 2017 on account that high consumption levels observed for ZDDP based products coupled with stringent emission norms implemented by U S EPA.
Growth Factors:
- Increasing demand for anti-wear additives from the automotive and transportation industries as a result of the increasing production of vehicles.
- Growing demand for anti-wear additives in developing countries due to the rising disposable income and rapid industrialization.
- Rising awareness about the benefits of using anti-wear additives among consumers, which is likely to boost demand over the forecast period.
- Technological advancements that have led to development of new and improved formulations of anti-wear additives, which is expected to fuel market growth in future years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Anti-wear Additives Market Research Report
By Type
ZDDP, Phosphorus, Others
By Application
Automotive, Construction, Others
By Companies
Chemtura Corporation, Evonik, Lubrizol, Infineum, Chevron Oronite, Vanderbilt Chemicals, Tianhe Chemicals Group, Afton Chemical Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Anti-wear Additives Market Report Segments:
The global Anti-wear Additives market is segmented on the basis of:
Types
ZDDP, Phosphorus, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Construction, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Chemtura Corporation
- Evonik
- Lubrizol
- Infineum
- Chevron Oronite
- Vanderbilt Chemicals
- Tianhe Chemicals Group
- Afton Chemical Corporation
Highlights of The Anti-wear Additives Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- ZDDP
- Phosphorus
- Others
- By Application:
- Automotive
- Construction
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Anti-wear Additives Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Anti-wear additives are chemicals or compounds that are used to reduce the wear and tear on a part. This can be done by reducing friction, improving lubrication, or preventing metal from sticking to metal.
Some of the major players in the anti-wear additives market are Chemtura Corporation, Evonik, Lubrizol, Infineum, Chevron Oronite, Vanderbilt Chemicals, Tianhe Chemicals Group, Afton Chemical Corporation.
The anti-wear additives market is expected to grow at a compound annual growth rate of 5.1%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Anti-wear Additives Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Anti-wear Additives Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Anti-wear Additives Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Anti-wear Additives Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Anti-wear Additives Market Size & Forecast, 2020-2028
4.5.1 Anti-wear Additives Market Size and Y-o-Y Growth
4.5.2 Anti-wear Additives Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 ZDDP
5.2.2 Phosphorus
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Construction
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Anti-wear Additives Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Anti-wear Additives Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 ZDDP
9.6.2 Phosphorus
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Construction
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 ZDDP
10.6.2 Phosphorus
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Construction
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 ZDDP
11.6.2 Phosphorus
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Construction
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 ZDDP
12.6.2 Phosphorus
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Construction
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 ZDDP
13.6.2 Phosphorus
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Construction
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Anti-wear Additives Market: Competitive Dashboard
14.2 Global Anti-wear Additives Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Chemtura Corporation
14.3.2 Evonik
14.3.3 Lubrizol
14.3.4 Infineum
14.3.5 Chevron Oronite
14.3.6 Vanderbilt Chemicals
14.3.7 Tianhe Chemicals Group
14.3.8 Afton Chemical Corporation
