Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Lubricant Additives Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Forecasted Market Size and CAGR for the Lubricant Additives Market?
The size of the Lubricant Additives market has experienced consistent growth over the years. The market, which was worth $18.11 billion in 2024, is projected to rise to $18.79 billion in 2025, marking a compound annual growth rate (CAGR) of 3.7%.
What Is the Forecasted CAGR for the Lubricant Additives Market by 2029?
The Lubricant Additives market is projected to reach a value of $22.79 billion in 2029, with a compound annual growth rate (CAGR) of 4.9%.
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What Are the Market Drivers in the Lubricant Additives Industry?
The key Drivers in the lubricant additives market are:
• Rising sales in the automotive industry
• Use of lubricant additives to enhance vehicular engine performance
• Lubricant additives extending the lifespan of automotive lubricants
• Increase in vehicle production globally
What Is the Segment-Wise Breakdown of the Lubricant Additives Market?
The lubricant additivesmarket covered in this report is segmented –
1) By Type: Dispersants, Viscosity Index Improvers, Detergents, Anti-Wear Agents, Antioxidants, Corrosion Inhibitors, Friction Modifiers, Emulsifiers, Other Types
2) By Lubricant Type: Engine Oil, Transmission And Gear Oils, Hydraulic Fluids, Greases, Metal Working Fluids, Other Lubricant Types
3) By End User: Automotive And Transportation, Food Processing, Metal Working, Power Generation, Other End User
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Which Emerging Trends Are Driving Growth in the Lubricant Additives Sector?
The key trends in the lubricant additives market are:
• Companies are focusing on innovation and product development to meet customer demands in the Lubricant Additives market.
• There is a trend towards creating solutions targeted at specific applications, like additives for two-stroke engines.
• The importance of engine cleanliness is shaping additive packages design and production.
• The market is moving towards more efficient and sustainable solutions for marine engine lubrication.
Which Companies Are Dominating the Lubricant Additives Market in Terms of Revenue?
The key players in the lubricant additives market are:
• Badische Anilin und Soda Fabrik Societas Europaea SE
• Evonik Industries AG
• Infineum International Limited
• Chevron Oronite
• The Lubrizol Corporation
• Croda International PLC.
• Afton Chemical Corporation
• Exxon Mobil Corporation
• Valvoline Inc.
• Italmatch Chemicals S.p.A
• Vanderbilt Chemicals LLC
• Rhein Chemie Corporation
• Laxness Corporation
• Dover Chemical Corporation
• Wuxi South Petroleum Additives
• Akzo Nobel
• Shell International B.V
• China National Petroleum Corporation
• Shamrock
• Tianhe Chemicals
• BRB International
• Adeka Corporation
• Dorfketal Chemicals (I) Pvt Ltd
• Jinzhou Kangtai Lubricant Additives Co. Ltd
• King Industries Inc.
• Multisol Group
• RT Vanderbilt Holding Company Inc.
• Shepherd Chemical
• Sinopec Corp.
• Total S.A.
• Royal Dutch Shell plc
• British Petroleum public limited company
What Are the Regions Driving Demand in the Lubricant Additives Market?
Asia-Pacific was the largest region in the lubricant additives market in 2024
