What Has Been the Growth Trajectory of the Lubricant Additives Market?
The lubricant additives market has seen considerable growth due to a variety of factors.
• The market size for lubricant additives has seen significant expansion in the past few years. An increase from $18.11 billion in 2024 to $19.05 billion in 2025 with a compound annual growth rate (CAGR) of 5.2% is projected. Factors such as the expansion of the automotive industry, industrialization and the rise in machinery usage, strict emission regulations, a shift towards synthetic lubricants, emphasis on fuel efficiency and the extension of maintenance intervals have contributed to growth during this historic period.
What Is The Expected Growth In The Lubricant Additives Market?
The Lubricant Additives market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the lubricant additives market size is anticipated to witness considerable growth, enlarging to $23.36 billion by 2029, with a compound annual growth rate (CAGR) of 5.2%.
The surge during this prediction period can be associated with factors like the increased uptake of electric vehicles, the use of bio-based lubricants, the ongoing focus on ESG, efforts to tackle climate change, urbanization and infrastructure progress, and a shift towards renewable energy. Future market trends encompass digitalization in predictive maintenance, advancements made in additive technology, research and development in nanotechnology, personalized additive solutions, and the rise of e-commerce in lubricant additives.
What Main Forces Are Fueling Expansion In The Lubricant Additives Market?
The growth of the lubricant additives market is expected to be propelled by escalating vehicle sales. The automotive industry encompasses a diverse array of establishments and operations dedicated to the design, development, marketing, production, and sale of vehicles. Lubricant additives are typically employed in auto engines to enhance the effectiveness of the lubricant and extend its lifespan, resulting in an uptick in their use in this sector. For example, the European Automobile Manufacturers Association reported in May 2023 that the worldwide production of automobiles hit 85.4 million units in 2022, marking a significant 5.7% rise from the previous year. Moreover, in February 2022, Brand Finance PLC, a UK-based brand valuation firm, stated that the automotive sector saw about 78 million unit sales in 2022, a significant 10% increase from the previous year. As such, the surging vehicle sales are fueling the expansion of the lubricant additives market.
What Are The Primary Segments In The Global Lubricant Additives Market?
The lubricant additives market 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
Subsegments:
1) By Dispersants: Ashless Dispersants, Metallic Dispersants
2) By Viscosity Index Improvers: Olefin Copolymers, Polyisobutylenes, Styrene-Diene Copolymers
3) By Detergents: Overbased Detergents, Neutral Detergents
4) By Anti-Wear Agents: Zinc Dialkyldithiophosphate (ZDDP), Phosphorus Compounds, Sulfur Compounds
5) By Antioxidants: Phenolic Antioxidants, Aminic Antioxidants, Organosulfur Compounds
6) By Corrosion Inhibitors: Fatty Acid Derivatives, Amines And Amine Salts, Phosphate Esters
7) By Friction Modifiers: Organic Friction Modifiers, Molybdenum Compounds
8) By Emulsifiers: Nonionic Emulsifiers, Anionic Emulsifiers, Cationic Emulsifiers
9) By Other Types: Pour Point Depressants, Foam Inhibitors, Extreme Pressure Additives
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Which Key Trends Are Driving Changes In The Lubricant Additives Market?
Top businesses in the lubricant additives market, such as Infineum International Limited, are stepping up their game by introducing innovative products like the Infineum M8040 additive package, to ensure they deliver dependable services to clients. The product, targeted at enhancing the operation efficiency of two-stroke engines running on very low sulfur fuel oil (VLSFO), contains less than 0.5% sulfur content. For example, in May 2022, this UK-based chemicals company initiated the distribution of the Infineum M8040 additive package. This meticulously formulated product promotes exceptional engine cleanliness and is suitable for MAN B and W two-stroke engines, including the Mark 9 series and above. Additionally, it eradicates the necessity to flip between 40 and 100 boron nitride (BN) lubricants, offering a marine engine lubrication solution that is not only efficient but also sustainable.
Who Are the Key Players In The Lubricant Additives Market?
Major companies operating in the lubricant additives market include:
• 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 Is The Most Dominant Region In The Lubricant Additives Market?
Asia-Pacific was the largest region in the lubricant additives market in 2024. The regions covered in the lubricant additives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
