Global Engine Oil Additives Market: Market Estimation, Dynamics, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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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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Report

Description

Engine Oil Additives Market was valued at USD 11.05 billion in 2022 and is anticipated to grow at USD 11.49 billion in 2028 recording a CAGR of 3.55% during the forecast period 2022-2028. 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 utilised 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 launchings 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 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

MARKET SUMMARY
-
3.55%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 3.55%
  • Largest Market– Asia-Pacific
  • Fastest Growing Market–North America

Engine Oil Additives Market

  • The report on global engine oil additives market gives historical, current, and future market sizes (US$ Bn) on the basis of type, fuel type, end user and region.
  • This report studies global engine oil additives market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
  • In addition, global engine oil additives market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition.
  • Moreover, PBI analyzed global engine oil additives market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).
  • Key stakeholders of the global engine oil additives market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global engine oil additives products.
Market Key Players
  • Afton Chemical
  • BASF SE
  • Croda International Plc.
  • Lucas Oil ProductsInc.
  • Lubrizol
  • Multisol
  • Chevron Corporation
  • Evonik Industries
  • Infineum International Limited.
  • BRB International
Engine Oil Additives Market Growth

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.


Asia-Pacific Got Significant Share

Engine Oil Additives Market

Asia Pacific accounted for larger revenue share in global engine oil additives market with considerable CAGR. The growth in this region is due to increasing population and rapid industrialization. Also, rising demand for several types of vehicles is high exclusively for passenger cars and heavy commercial vehicles in the region. In addition, North America held considerable market share during estimated period. U.S is the major contributor for the growth of the market in this region as it has high per capita vehicles in the world.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2017 to 2021) and forecast (2022 to 2028)
  • 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 startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Key

Key Findings of the Report

Engine Oil Additives Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The engine oil additives market is projected to expand at a CAGR of 3.55% during the forecast period.

Afton Chemical, BASF SE, Croda International Plc, Lucas Oil ProductsInc, Lubrizol, Multisol

North America is the fastest-growing region for engine oil additives market


Report

Table Of Content

Table of Content

  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
  1. 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
  2. Global Engine Oil Additives Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025
    • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Engine Oil Additives Market, By Type, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Anti-Oxidants
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Dispersants
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Detergents
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Corrosion Inhibitors
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Friction Modifiers
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Antiwear Additives
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • VI Improvers
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Engine Oil Additives Market, By Fuel Type, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Diesel
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Gasoline
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Gas
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Engine Oil Additives Market, By End User, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Passenger car
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Commercial vehicles
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Motorcycles
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Engine Oil Additives Market Forecast, By Region, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • North America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • 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, 2019 – 2025
  2. North America Engine Oil Additives Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Type Analysis 2014 – 2018 and Forecast 2019 – 2025 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 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Diesel
      • Gasoline
      • Gas
    • End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Passenger car
      • Commercial vehicles
      • Motorcycles
      • Others
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 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, 2019 – 2025
    • North America Engine Oil Additives Market Dynamics – Trends
  3. Europe Engine Oil Additives Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Type Analysis 2014 – 2018 and Forecast 2019 – 2025 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 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Diesel
      • Gasoline
      • Gas
    • End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Passenger car
      • Commercial vehicles
      • Motorcycles
      • Others
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 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, 2019 – 2025
    • Europe Engine Oil Additives Market Dynamics – Trends
  4. Asia-Pacific Engine Oil Additives Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Type Analysis 2014 – 2018 and Forecast 2019 – 2025 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 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Diesel
      • Gasoline
      • Gas
    • End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Passenger car
      • Commercial vehicles
      • Motorcycles
      • Others
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 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, 2019 – 2025
    • Asia-Pacific Engine Oil Additives Market Dynamics – Trends
  5. Latin America Engine Oil Additives Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Type Analysis 2014 – 2018 and Forecast 2019 – 2025 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 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Diesel
      • Gasoline
      • Gas
    • End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Passenger car
      • Commercial vehicles
      • Motorcycles
      • Others
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 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, 2019 – 2025
    • Latin America Engine Oil Additives Market Dynamics – Trends
  6. Middle East and Africa Engine Oil Additives Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Type Analysis 2014 – 2018 and Forecast 2019 – 2025 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 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Diesel
      • Gasoline
      • Gas
    • End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Passenger car
      • Commercial vehicles
      • Motorcycles
      • Others
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 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, 2019 – 2025
    • 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

Key Assumptions and Acronyms


Report

Company Profile

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

Description

Engine Oil Additives Market was valued at USD 11.05 billion in 2022 and is anticipated to grow at USD 11.49 billion in 2028 recording a CAGR of 3.55% during the forecast period 2022-2028. 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 utilised 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 launchings 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 growing demand for antioxidants from the increasing number of vehicles in Asia and the increasing global demand for long-life lubricant additives.

 

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