Engine Oil Additives Market Size, Share, Growth, Trends, and Global Industry Analysis: 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 Region Forecast 2020-2031

Engine Oil Additives Market size was valued at US$ 12.677 billion in 2024 and is expected to reach US$ 18.076 billion by 2031, growing at a significant CAGR of 5.2% from 2025-2031. 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 are high in demand which will help in expanding the market size of the market. Hence, increasing demand for engine oil additives from automobile industries is 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 the 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.