Market Overview:
The global industrial lubricant additives market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for industrial lubricants from various end-use industries, such as automotive, metalworking, and others. In terms of type, the multi component segment is expected to dominate the global industrial lubricant additives market during the forecast period. This can be attributed to its properties such as high thermal stability and resistance against oxidation. In terms of application, heavy duty motor oil is projected to lead the global industrial lubricant additives market during the forecast period owing to its growing demand from automotive OEMs across different regions.
Product Definition:
Industrial lubricant additives are chemicals that are added to lubricants in order to improve their performance. They can be used to improve the stability of the lubricant, make it more resistant to wear and tear, or make it more effective at reducing friction. The importance of industrial lubricant additives depends on the specific application. In some cases, they can be essential for ensuring that a machine operates properly; in others, they may simply provide extra protection or performance benefits.
Multi Component:
Multi component additives are a group of additives that are added in multiple quantities to the base oil during its processing. The multi-components can be further divided into two categories, one is the type of additive and other is their quantity used per lubricant. For instance, if we talk about typical multi-component additive then it could be categorized as viscosity index improver (VI) and anti-foaming agent (AFA).
Single Component:
Single component additives are used to enhance the performance of lubricants. They comprise of non-toxic, odorless and colorless components that can be added to any type of lubricant. These additives do not change the base properties or characteristics of lubricants but they provide additional benefits which result in enhanced functioning under extreme conditions.
These products have a high demand from various end-use industries such as automotive, aerospace & defense.
Application Insights:
Passenger car motor oil was the largest application segment in 2017 and is anticipated to witness significant growth over the forecast period. The global production of passenger cars has been rising steadily since 2000, when measured in terms of units sold, with most notable growth occurring from 2010 to 2015. This trend is expected to continue over the forecast period as manufacturers continue introducing new models across various regions worldwide.
The use of passenger car motor oil as an engine oil has become common practice owing to its high viscosity index which makes it suitable for use in crankcases even at elevated temperatures.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising industrialization, increasing population, rapid urbanization and growing per capita income levels. Asia Pacific has emerged as a manufacturing hub for consumer goods, medical devices & pharmaceuticals, automotive components & engines along with other machinery applications.
The demand for industrial lubricants in North America is expected to grow at an estimated CAGR of XX% from 2018 to 2030 owing to increasing investments in infrastructure activities such as construction and transportation sector which will drive product demand across various industries including oil & gas industry. In addition, growing metal working sectors due to high consumption of heavy machinery are anticipated fuel expenditure thereby propelling product demand across various end-use industries over the forecast period.
Growth Factors:
- Increasing demand from the automotive and transportation industry
- Growing demand for high-performance lubricants
- Rising awareness about the benefits of industrial lubricant additives among end users
- Technological advancements in industrial lubricant additives manufacturing process
- Stringent environmental regulations governing the use of industrial lubricants
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Lubricant Additives Market Research Report
By Type
Multi Component, Single Component
By Application
Heavy Duty Motor Oil, Metal Working Fluids, Passenger Car Motor Oil, Others
By Companies
Lubrizol, Afton Chemical, Akzo Nobel, CLARIANT, BASF, Vanderbilt, PCAS, Infineum, Adeka, Additiv Chemie Luers, Functional Products Inc., Chevron Oronite, Lanxess, Barton Petroleum, Tianhe
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
219
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Lubricant Additives Market Report Segments:
The global Industrial Lubricant Additives market is segmented on the basis of:
Types
Multi Component, Single Component
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
Heavy Duty Motor Oil, Metal Working Fluids, Passenger Car Motor Oil, 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:
- Lubrizol
- Afton Chemical
- Akzo Nobel
- CLARIANT
- BASF
- Vanderbilt
- PCAS
- Infineum
- Adeka
- Additiv Chemie Luers
- Functional Products Inc.
- Chevron Oronite
- Lanxess
- Barton Petroleum
- Tianhe
Highlights of The Industrial Lubricant 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:
- Multi Component
- Single Component
- By Application:
- Heavy Duty Motor Oil
- Metal Working Fluids
- Passenger Car Motor Oil
- 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 Industrial Lubricant 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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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?
Industrial lubricant additives are chemicals or compounds that are added to lubricants in order to improve their performance. These additives can help reduce friction, wear, and noise in industrial applications.
Some of the key players operating in the industrial lubricant additives market are Lubrizol, Afton Chemical, Akzo Nobel, CLARIANT, BASF, Vanderbilt, PCAS, Infineum, Adeka, Additiv Chemie Luers, Functional Products Inc., Chevron Oronite, Lanxess, Barton Petroleum, Tianhe.
The industrial lubricant additives market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Lubricant 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 Industrial Lubricant Additives Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Lubricant 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 Industrial Lubricant 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 Industrial Lubricant Additives Market Size & Forecast, 2020-2028
4.5.1 Industrial Lubricant Additives Market Size and Y-o-Y Growth
4.5.2 Industrial Lubricant 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 Multi Component
5.2.2 Single Component
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 Heavy Duty Motor Oil
6.2.2 Metal Working Fluids
6.2.3 Passenger Car Motor Oil
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Lubricant 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 Industrial Lubricant 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 Multi Component
9.6.2 Single Component
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 Heavy Duty Motor Oil
9.10.2 Metal Working Fluids
9.10.3 Passenger Car Motor Oil
9.10.4 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 Multi Component
10.6.2 Single Component
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 Heavy Duty Motor Oil
10.10.2 Metal Working Fluids
10.10.3 Passenger Car Motor Oil
10.10.4 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 Multi Component
11.6.2 Single Component
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 Heavy Duty Motor Oil
11.10.2 Metal Working Fluids
11.10.3 Passenger Car Motor Oil
11.10.4 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 Multi Component
12.6.2 Single Component
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 Heavy Duty Motor Oil
12.10.2 Metal Working Fluids
12.10.3 Passenger Car Motor Oil
12.10.4 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 Multi Component
13.6.2 Single Component
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 Heavy Duty Motor Oil
13.10.2 Metal Working Fluids
13.10.3 Passenger Car Motor Oil
13.10.4 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 Industrial Lubricant Additives Market: Competitive Dashboard
14.2 Global Industrial Lubricant Additives Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Lubrizol
14.3.2 Afton Chemical
14.3.3 Akzo Nobel
14.3.4 CLARIANT
14.3.5 BASF
14.3.6 Vanderbilt
14.3.7 PCAS
14.3.8 Infineum
14.3.9 Adeka
14.3.10 Additiv Chemie Luers
14.3.11 Functional Products Inc.
14.3.12 Chevron Oronite
14.3.13 Lanxess
14.3.14 Barton Petroleum
14.3.15 Tianhe
