Global Lubricating Oil Additives Market Demand & Forecast Analysis, 2016-2032

Lubricating oil additivesplay a crucial role in enhancing the performance of lubricants and functionalfluids across various applications. They find extensive use in automotiveengine crankcases, gasoline, and diesel engine oils, as well as heavy-duty andpassenger car engine oils. These additives effectively safeguard engine oilfrom wear and friction while ensuring the efficiency of lubricating oils. Inindustrial settings, lubricating additives are essential components of greases,hydraulic oils, turbine oils, sideway oils, and more.

The lubricating oiladditives market is segmented based on various additive types, including dispersants,detergents, oxidation inhibitors, anti-wear agents, extreme-pressure additives,viscosity index improvers, and others. Notably, Dispersants held a significantmarket share in 2022, owing to their role as non-metallic organic chemicalsthat prevent the formation of sludge and deposits. Viscosity modifiers closelyfollow dispersants, particularly in meeting the global demand for lubricatingoil additives. Viscosity index improvers are essential in improving theviscosity of thinner oils under high-temperature conditions, expanding at hightemperatures to minimize viscosity changes due to temperature fluctuations.

Segmented by application,the lubricating oil additives market caters to automotive, industrial, andvarious other sectors. Automotive applications command a substantial share inthe global demand for lubricant oil additives, serving critical functions suchas rust protection, oil compatibility, foam prevention, deposit reduction, wearprevention, and engine cooling. The demand for lubricating oil additives in theindustrial segment receives a significant boost from the rapid growth in demandfor industrial goods and machinery in developing countries.

Anticipated growth in theglobal demand for lubricating oil additives is driven by the expandingmanufacturing of automotive and auto parts. Lubricants find application in awide range of products, including transmission fluids, engine oils, gear oils,and hydraulic fluids. Notably, Asia takes the lead as the largest producer andconsumer of motorcycles globally. China, in particular, has surpassed Europeand North America in motor vehicle production over the past decade. The risingrate of motorization, supported by increasing disposable incomes andimprovements in living standards, fuels the demand for lubricating oiladditives in the automotive sector.

Moreover, the growingpurchasing power in developing economies serves as a key driver for lubricatingoil additives demand. The Asia-Pacific economy experiences continuous growth,with notable advancements in construction, automotive, industrial, consumerelectronics, electrical & electronics, and other industrial applications.This region attracts investments from North American and European markets,capitalizing on emerging growth opportunities.

In 2022, Asia-Pacificemerged as the largest consumer of lubricating oil additives, primarily due tothe shifting of automobile production from mature markets to developing regionsin Asia-Pacific. Additionally, rising standards of living and increased purchasingpower resulting from economic growth further fuel the demand for lubricatingoil additives in this region.

China holds a commandingposition in the Asia-Pacific lubricating oil additives market, accounting for aremarkable 50% share. This is attributed to growing consumption across end-useindustries, including a diverse manufacturing sector, chemicals, petrochemicals,and ongoing expansion and industrialization efforts. Japan and South Koreafollow China in terms of demand, with the automotive sector playing a pivotalrole in these countries.

Scope of Report 

The Lubricating Oil Additives report describes the global Lubricating Oil Additives market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand Analysis
•  Demand Composition, by Types and Applications
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Demand Balance 
•  Lubricating Oil Additives Market data in terms of volume and value for each end-use 
   at regional and country level
•  Lubricating Oil Additives Market analysis for demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment

1.  Introduction
      •  Scope
      •  Market Coverage
          -  Types
          -  Applications
          -  Regions
          -  Countries
      •  Years Considered
          -  Historical - 2016 – 2020
          -  Base - 2021
          -  Forecast Period - 2022 – 2032
      •  Research Methodology
          -  Approach
          -  Research Methodology
          -  Prismane Consulting Market Models
          -  Assumptions & Limitations
          -  Abbreviations & Definitions
          -  Conversion Factors
          -  Data Sources
2.  Market Synopsis 
      •  Market Evolution
      •  Demand Overview
      •  Industry Structure
      •  Strategic Issues
      •  End-use Trends
      •  Growth Forecast
3.  Economic & Energy Outlook
      •  GDP and Demographics
      •  Monetary & Fiscal Policies
      •  Crude Oil Production and prices
      •  Natural Gas
      •  Electricity Prices
4.  End-use Sector Performance      
      • Automotive
      • Industrial
      • Others 
5.  Introduction to Lubricating Oil Additives
 and Market Overview 
      •  Product Description
      •  Grades & Properties
      •  Raw Material
      •  Manufacturing Process
      •  Environmental Issues
      •  Value Chain
      •  Applications
6.  Market Dynamics and Industry Trends 
      •  Market Dynamics and COVID-19 Impact
          -  Drivers
          -  Restraints
          -  Opportunities
          -  Challenges
7.  Global Lubricating Oil Additives Demand Analysis, By Types, By Applications (Volume, Value) (2016–2032) 
      •  Strategic Issues and COVID-19 Impact
      •  Demand Analysis and Forecast (2016 – 2032)
          -  Demand
          -  Demand Growth Rate (%)
          -  Driving Force Analysis
      •  Global Lubricating Oil Additives Market, By Types
          Dispersants
          Detergents
          Oxidation Inhibitors
          - Extreme-Pressure Additives
          Viscosity Index Improvers
          Others
      •  Global Lubricating Oil Additives Market, By Applications
          Automotive
          Industrial
          Others
8.  Demand Analysis and Market Review, By Region, By Country (Volume, Value), (2016– 2032)
      •  Strategic Issues and COVID-19 Impact
      •  Demand Analysis and Forecast (2016-2032)
      •  Demand Growth Rate (%)
      •  Lubricating Oil Additives Market, By Types
      •  Lubricating Oil Additives Market, By Applications
Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand(consumption) split by types and applications has been provided for each of the countries/regions in Volume (Kilotons) and Value (USD Million).
      •  North America
         -  USA
         -  Canada
         -  Mexico
      •  Western Europe
         -  Germany
         -  France
         -  Italy
         -  United Kingdom
         -  Spain
         -  Rest of Western Europe
      •  Central & Eastern Europe
         -  Russia
         -  Poland
         -  Rest of Central & Eastern Europe
      •  Asia-Pacific
         -  China
         -  Japan
         -  India
         -  South Korea
         -  ASEAN
         -  Rest of Asia-Pacific
      •  Central & South America
      •  Middle East & Africa
Note: CAGR will be calculated for all the types and applications  to arrive at the regional/global demand growth for the forecast period (2022 – 2032)
9.  Pricing Analysis
10.  Key Strategic Issues and Business Opportunity Assessment 
      •  Market Attractiveness Assessment
      •  Prospective & Target Market Study
11.  Strategic Recommendation & Suggestions
12.  Company Analysis and Market Share Analysis
      •  Lubricating Oil Additives Manufacturers Profiles/ Company Analysis    
         -  Basic Details
         -  Headquarter, Key Markets
         -  Ownership
         -  Company Financial
         -  Manufacturing Bases
         -  Global Turnover
         -  Total Employee
         -  Product Portfolio / Services / Solutions
         -  Key Business Strategies adopted and Prismane Consulting Overview
         -  Recent Developments
         -  Companies Covered
             - NewMarket Corporation (Afton Chemical Corporation)
             - Chevron Oronite Company
             - The Lubrizol Corporation
             - ENI S.P.A
             - Sanyo Chemical Industries, Ltd.
             - Infineum International Limited
             - Lanxess
             - Other Manufacturers
Note: This section includes company information, company financials, manufacturing bases, and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.
13.  Appendices
      •  Demand- Regions
      •  Demand– Countries

Scope of Report 

The Lubricating Oil Additives report describes the global Lubricating Oil Additives market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand Analysis
•  Demand Composition, by Types and Applications
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Demand Balance 
•  Lubricating Oil Additives Market data in terms of volume and value for each end-use 
   at regional and country level
•  Lubricating Oil Additives Market analysis for demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment