According to the latest report by IMARC Group, the global lubricant additives market reached a value of around US$ 15 Billion in 2020.
Lubricant additives refer to organic or inorganic chemical compounds that are suspended or dissolved in engine oils and functional fluids to enhance their overall performance.
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Global Lubricant Additives Market Outlook 2026:
According to the latest report by IMARC Group, titled “Lubricant Additives Market: Global Industry
Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global lubricant additives
market reached a value of around US$ 15 Billion in 2020.
Lubricant additives refer to organic or inorganic chemical compounds that are suspended or dissolved
in engine oils and functional fluids to enhance their overall performance.
They assist in improving the existing base oil properties with anti-foam and demulsifying agents and
suppressing the undesirable properties with pour-point depressants.
They are also used for imparting new properties to base oils with extreme pressure (EP) additives.
Lubricant additives help in averting reaction with moisture present in the environment by creating a
protective chemical barrier that safeguards the machinery from internal rust.
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4. Global Lubricant Additives Market Trends:
Lubricant additives offer numerous advantages to end users including minimized costs, reduced friction
and enhanced vehicle reliability.
Moreover, the development of advanced lubricant additives has aided in extending oil drain service
intervals, improving engine durability, and reducing CO2 emissions from passenger cars and commercial
vehicles.
Apart from this, the growing demand for lubricants for use in automotive and industrial engines is
boosting the market growth.
This is supported by the introduction of high-performance engines along with the implementation of
stringent emission standards in various countries.
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5. Market Summary:
Breakup by Type:
• Dispersants
• Viscosity index improvers
• Detergents
• Anti-wear and anti-oxidants
• Corrosion inhibitors
• Friction modifiers
• Emulsifiers
Breakup by End-use:
• Automotive lubricant
• Metalworking fluid
• Industrial engine
• Process oil
• Grease
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6. Breakup by Distribution Channel:
• Retail
• Institutional segments
Breakup by Region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
On account of the aforementioned factors, the market is anticipated to witness strong growth during
2021-2026.
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7. Competitive Landscape With Keyplayer:
• Afton Chemical Corporation
• Chevron Corp.
• Infineum International Limited
• The Lubrizol Corporation
• BRB International BV
• BASF SE
• Croda Lubricants
• Wuxi South Petroleum Additive Co.
• Dorf Ketal
• DOG Chemie
• Eni SpA.
• Dover Chemical
• Jinzhou Kangtai Lubricant Additives Co. Ltd.
• King Industries Inc.
• Evonik Industries AG.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/lubricant-additives-market
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Partial List of Clients
9. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients