Engine Oil Additives Market: By Type (Anti-Oxidants, Dispersants, Detergents, Corrosion Inhibitors, Friction Modifiers, Antiwear Additives and VI Improvers), By Fuel Type (Diesel, Gasoline and Gas), By End User (Passenger car, Commercial vehicles, Motorcycles and Others) and Geography 

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Engine Oil Additives Market was valued at USD 11.05 billion in 2022 and is anticipated to grow at USD 11.49 billion in 2029 recording a CAGR of 3.55% from 2023-2029. Increasing production of automobiles and demand for conventional and synthetic products are the key factors driving this industry. Over the past years, automotive vehicle sales have shown a constant rise as a result of the growing population and consumer spending capacity. All moving parts in any industry require lubrication mainly used in small electric motor bearings hence lubricant additives used in engine oils is high in demand which will help in expanding the market size of the market. Hence, increasing demand for engine oil additives from automobile industries are fueling the market growth. Engine oil additives are chemical substances that are used to increase the performance of engine oils. When paired with other additions, additives are chosen for their ability to achieve specific objectives. They're made to function with a specific base oil and for a specific application. Among the most frequent types of functional additives include antioxidants, dispersants, detergents, anti-wear agents, viscosity modifiers, demulsifiers, and extreme-pressure additives. Engine oil's most common end-use application is in automobiles. Engine oil additives are also utilized in a wide range of industrial applications, including metalworking fluids, industrial engine oils, and so on. The global market is surging owing to frequent acquisitions and launches by the market players. For Instance, in Jan 2019, BASF expanded its business by increasing production capacity of antioxidants for lubricants. The capacity expansions address the growing demand for antioxidants from the increasing number of vehicles in Asia and the increasing global demand for long-life lubricant additives.  

Global Engine Oil Additives Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

3.55%

Largest Market

Asia-Pacific

Fastest Growing Market

North America
Engine Oil Additives Market Dynamics

Increase in demand for fuel efficient vehicles, implementation of stringent emission norms especially for vehicles, rise in demand for engine oil additives in automobile and machinery industries and high growth in emerging economies are some key factors influencing the market growth. However, factors such as rising demand for battery operated vehicles (BEVs) may restrict the market growth.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Global Engine Oil Additives Market Segmentation

By Type
  • Anti-Oxidants
  • Dispersants
  • Detergents
  • Corrosion Inhibitors
  • Friction Modifiers
  • Antiwear Additives
  • VI Improvers
By Fuel Type
  • Diesel
  • Gasoline
  • Gas
By End User
  • Passenger car
  • Commercial vehicles
  • Motorcycles
  • Others

Frequently Asked Questions

The engine oil additives market size was valued at USD 11.05 billion in 2022

The engine oil additives market key players are: Afton Chemical BASF SE Croda International Plc. Lucas Oil ProductsInc. Lubrizol Multisol Chevron Corporation Evonik Industries Infineum International Limited. BRB International

The engine oil additives market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

  1. Executive Summary
  2. Global Engine Oil Additives Market Introduction
    • Global Engine Oil Additives Market Taxonomy
    • Global Engine Oil Additives Market Definitions
      • Type
      • Fuel Type
      • End User
  3. Global Engine Oil Additives Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Engine Oil Additives Market Dynamic Factors - Impact Analysis
    • Global Engine Oil Additives Market Competition Landscape
  4. Global Engine Oil Additives Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
    • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000MT)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  5. Global Engine Oil Additives Market, By Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000MT)
    • Anti-Oxidants
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Dispersants
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Detergents
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Corrosion Inhibitors
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Friction Modifiers
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Antiwear Additives
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • VI Improvers
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Engine Oil Additives Market, By Fuel Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000MT)
    • Diesel
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Gasoline
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Gas
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Engine Oil Additives Market, By End User, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000MT)
    • Passenger car
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Commercial vehicles
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Motorcycles
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Engine Oil Additives Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000MT)
    • North America
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Engine Oil Additives Market - Opportunity Analysis Index, By Type, Fuel Type, End User and Region, 2023 - 2029
  2. North America Engine Oil Additives Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000MT)
    • Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Anti-Oxidants
      • Dispersants
      • Detergents
      • Corrosion Inhibitors
      • Friction Modifiers
      • Antiwear Additives
      • VI Improvers
    • Fuel Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Diesel
      • Gasoline
      • Gas
    • End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Passenger car
      • Commercial vehicles
      • Motorcycles
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • US.
      • Canada
    • North America Engine Oil Additives Market - Opportunity Analysis Index, By Type, Fuel Type, End User and Country, 2023 - 2029
    • North America Engine Oil Additives Market Dynamics Trends
  3. Europe Engine Oil Additives Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000MT)
    • Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Anti-Oxidants
      • Dispersants
      • Detergents
      • Corrosion Inhibitors
      • Friction Modifiers
      • Antiwear Additives
      • VI Improvers
    • Fuel Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Diesel
      • Gasoline
      • Gas
    • End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Passenger car
      • Commercial vehicles
      • Motorcycles
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Engine Oil Additives Market - Opportunity Analysis Index, By Type, Fuel Type, End User and Country, 2023 - 2029
    • Europe Engine Oil Additives Market Dynamics Trends
  4. Asia-Pacific Engine Oil Additives Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000MT)
    • Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Anti-Oxidants
      • Dispersants
      • Detergents
      • Corrosion Inhibitors
      • Friction Modifiers
      • Antiwear Additives
      • VI Improvers
    • Fuel Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Diesel
      • Gasoline
      • Gas
    • End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Passenger car
      • Commercial vehicles
      • Motorcycles
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Engine Oil Additives Market - Opportunity Analysis Index, By Type, Fuel Type, End User and Country, 2023 - 2029
    • Asia-Pacific Engine Oil Additives Market Dynamics Trends
  5. Latin America Engine Oil Additives Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000MT)
    • Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Anti-Oxidants
      • Dispersants
      • Detergents
      • Corrosion Inhibitors
      • Friction Modifiers
      • Antiwear Additives
      • VI Improvers
    • Fuel Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Diesel
      • Gasoline
      • Gas
    • End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Passenger car
      • Commercial vehicles
      • Motorcycles
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Venezuela
      • Rest of Latin America
    • Latin America Engine Oil Additives Market - Opportunity Analysis Index, By Type, Fuel Type, End User and Country, 2023 - 2029
    • Latin America Engine Oil Additives Market Dynamics Trends
  6. Middle East and Africa Engine Oil Additives Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000MT)
    • Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Anti-Oxidants
      • Dispersants
      • Detergents
      • Corrosion Inhibitors
      • Friction Modifiers
      • Antiwear Additives
      • VI Improvers
    • Fuel Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Diesel
      • Gasoline
      • Gas
    • End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Passenger car
      • Commercial vehicles
      • Motorcycles
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Engine Oil Additives Market - Opportunity Analysis Index, By Type, Fuel Type, End User and Country, 2023 - 2029
    • MEA Engine Oil Additives Market Dynamics Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Afton Chemical
      • BASF SE
      • Croda International Plc.
      • Lucas Oil ProductsInc.
      • Lubrizol
      • Multisol
      • Chevron Corporation
      • Evonik Industries
      • Infineum International Limited.
      • BRB International
  1. Research Methodology

16. Key Assumptions and Acronyms

  • Afton Chemical
  • BASF SE
  • Croda International Plc.
  • Lucas Oil ProductsInc.
  • Lubrizol
  • Multisol
  • Chevron Corporation
  • Evonik Industries
  • Infineum International Limited.
  • BRB International

Adjacent Markets