Latin America Lubricants Additive Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Latin America Lubricants Additive Market by Product Type (Dispersants, Viscosity index improvers, Detergents, Anti-wear agents, Antioxidants, Corrosion inhibitors, Friction modifiers, Emulsifiers, Others), By Application (Automotive Lubricant, Industrial Lubricants), and Geography.

 

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Report

Description

Latin America lubricants additive market report gives a comprehensive outlook on Lubricants Additive market across the different countries of Latin America such as Brazil, Mexico, Argentina, Chile, and the Rest of Latin America. The report gives historical, current, and future market sizes (US$ Mn) on the basis of product type, application and country. This report studies Latin America Lubricants Additive market dynamics elaborately to identify the current market trends and drivers, future opportunities and possible challenges to the key stakeholders operating in the market. The market is characterized by the presence of a large number of players. Companies are thriving on various applications of tactics such as merger, acquisition, product launches, and others. For instance, Italmatch Chemicals is planning to acquire Afton Chemical’s metalworking fluid business which can prove beneficial for the former’s portfolio and help in further expansion. Lanxess, meanwhile, manages to take over Chemtura which will boost its additives market. The lubricant additives market is expected to grow due to enhancing fuel efficiency, improve performance, and engine protection.

The lubricant additives are expected to play a vital role in the coming years, towards fuel economy, especially contributing to emerging technologies like Dual Clutch Technology (DCT). With increasing regulatory pressure on improving the fuel efficiency of vehicles and reducing greenhouse gas emissions, there has been a tremendous development in lubricating oil formulations. Blenders have significantly invested in R&D for developing superior products that adhere to environmental regulations as well as consumer expectations. Since additives play a significant role in base oil blending and subsequent formulations as they are critical materials in improving specification and performance of oils. The trend as stated above has had an enormous impact on the industry’s development over the past and is expected to continue driving the Latin America lubricant additives market. Key players are adopting new strategy to establish their footprint worldwide thereby enhancing their product portfolio. Merger, acquisition, product development and collaborations are some of the market strategy the key players implement. In September 2017, BASF commissioned technical lab at Innovation Campus Asia Pacific, located in Navi Mumbai, India.

Latin America Lubricants Additive Market

MARKET SUMMARY
-
x
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR–X%
  • Largest Market- Brazil

Latin America

Lubricants Additive Market

  • Latin America Lubricants Additive market expanding at significant CAGR over 2022 to 2028 to reach market value of US$ XX Mn by 2025 owing to flourishing economy and rapidly expanding industrial and automotive sectors
  • Based on product type detergent segment  accounted for larger market revenue share in 2018 and projected gain market revenue share over the forecast period
  • Players focusing on mergers and acquisitions strategies to retain market position in Latin America Lubricants Additive market
  • The use of environment-friendly fuels, including renewable fuels, in both automotive and industrial engines, is expected to drive the demand for lubricant additives over the forecast period.
Market Leaders
  • Chevron Corp
  • Afton Chemical Corporation
  • The Lubrizol Corporation
  • Infineum International Limited
  • BASF SE
  • BRB International BV
  • Wuxi South Petroleum Additive Co.
Latin America Lubricants Additive Market

Drivers and Restraints

The lubricant additives market is being driven mainly by high growth in the developing nations along with efforts toward fuel economy. In order to achieve fuel economy, extensive research is being done to improve lubricant additive properties and characteristics to comply with the technological changes in modern engines and accessories. Increasing marine and aviation transportation, growing automotive industry, and improved emission regulations in conjunction with fuel economy standards are driving the lubricant additives market growth.The enhancement in durability allows effective use of energy resources, provides capabilities to employ alternative fuels, and maintains low levels of exhaust emissions. However, higher drain intervals for high-grade lubricants inhibit the market growth owing to lubricant solutions with decreased maintenance costs and servicing. In addition, the fluctuations in the lubricant market are responsible for the relatively low growth rate of the world lubricant additives market.


Latin America Lubricants Additive Market

Brazil dominates the market

Brazil is leading the growth in Latin America. Companies that are well established in these locations are in the strongest position to take advantage of these opportunities. Growth rates for the LOA business in the developed world, where the market is highly mature, will remain minimal. The most important considerations in the most economically developed regions are the changing technology in the end-use industries (e.g., automotive engine design), government regulations (e.g., lower emissions and lower fuel consumption), and the need to provide the attributes the end-use industries or lubricant manufacturers wish to promote in their marketing strategies (e.g., longer drain intervals and lower maintenance costs).

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

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2016-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and 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 the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force
Latin America Lubricants Additive Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content

1. Executive Summary

2. Latin America Lubricants Additive Market Introduction

2.1. Latin America Lubricants Additive Market – Taxonomy

2.2. Latin America Lubricants Additive Market –Definitions

2.2.1. Type of Product

2.2.2. Application

3. Latin America Lubricants Additive Market Dynamics

3.1. Drivers

3.2. Restraints

3.3. Opportunities/Unmet Needs of the Market

3.4. Trends

3.5. Latin America Lubricants Additive Market Dynamics – Factors Impact Analysis

3.6. Latin America Lubricants Additive Market – Application  Innovations

4. Latin America Lubricants Additive Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025

4.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn) Volume (000’MT)

4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)

4.3. Market Oppurtunity Analysis

5. Latin America Lubricants Additive Market, By Product  Type, 2014 – 2018 and Forecast, 2019 – 2025

5.1. Dispersants

5.1.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn) Volume (000’ MT)

5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.1.3. Market Opportunity Analysis

5.2. Viscosity Index Improvers

5.2.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn) Volume (000’ MT)

5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.2.3. Market Opportunity Analysis

5.3. Detergents

5.3.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn) Volume (000’ MT)

5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.3.3. Market Opportunity Analysis

5.4. Anti-wear Agents

5.4.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn) Volume (000’ MT)

5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.4.3. Market Opportunity Analysis

5.5. Antioxidants

5.5.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn) Volume (000’ MT)

5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.5.3. Market Opportunity Analysis

5.6. Corrosion Inhibitors

5.6.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn) Volume (000’ MT)

5.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.6.3. Market Opportunity Analysis

5.7. Friction Modifiers

5.7.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn) Volume (000’ MT)

5.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.7.3. Market Opportunity Analysis

5.8. Emulsifiers

5.8.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn) Volume (000’ MT)

5.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.8.3. Market Opportunity Analysis

6. Global Lubricants Additive Market Forecast, By Application, 2014 – 2018 and Forecast, 2019 – 2025

6.1. Automotive Lubricants

6.1.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn) Volume (000’ MT)

6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.1.3. Market Opportunity Analysis

6.2. Industrial Lubricants

6.2.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn) Volume (000’ MT)

6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.2.3. Market Opportunity Analysis

7. Latin America Lubricants Additive Market Forecast, By country, 2014 – 2018 and Forecast, 2019 – 2025

7.1. Brazil

7.1.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn) Volume (000’MT)

7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis

7.1.3. Market Opportunity Analysis

7.2. Mexico

7.2.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn) Volume (000’MT)

7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis

7.2.3. Market Opportunity Analysis

7.3. Argentina

7.3.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn) Volume (000’MT)

7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis

7.3.3. Market Opportunity Analysis

7.4. Chile

7.4.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn) Volume (000’MT)

7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis

7.4.3. Market Opportunity Analysis

7.5. Rest of Latin America

7.5.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn) Volume (000’MT)

7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis

7.5.3. Market Opportunity Analysis

7.6. Latin America Lubricants Additive Market – Opportunity Analysis Index, By Product Type, By Application, and Country, 2019 – 2025

8. Brazil Lubricants Additive Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025

8.1. Product Type Analysis (2014 – 2018) and Forecast (2019 – 2025) by (Revenue, USD Mn) Volume (000’MT), Y-o-Y Growth (%), and Market Share (%)

8.1.1. Dispersants

8.1.2. Viscosity index improvers

8.1.3. Detergents

8.1.4. Anti-wear agents

8.1.5. Antioxidants

8.1.6. Corrosion inhibitors

8.1.7. Friction modifiers

8.1.8. Emulsifiers

8.2. By Application Type Analysis (2014 – 2018) and Forecast (2019 – 2025) by (Revenue, USD Mn) Volume (000’MT), Y-o-Y Growth (%), and Market Share (%)

8.2.1. Automotive Lubricants

8.2.2. Industrial Lubricants

8.3. Brazil Lubricants Additive Market – Opportunity Analysis Index, By Product Type, By Application, 2019 – 2025

8.4. Brazil Lubricants Additive Market Dynamics – Trends

9. Mexico Lubricants Additive Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025

9.1. Product Type Analysis (2014 – 2018) and Forecast (2019 – 2025) by (Revenue, USD Mn) Volume (000’MT), Y-o-Y Growth (%), and Market Share (%)

9.1.1. Dispersants

9.1.2. Viscosity index improvers

9.1.3. Detergents

9.1.4. Anti-wear agents

9.1.5. Antioxidants

9.1.6. Corrosion inhibitors

9.1.7. Friction modifiers

9.1.8. Emulsifiers

9.2. By Application Type Analysis (2014 – 2018) and Forecast (2019 – 2025) by (Revenue, USD Mn) Volume (000’MT), Y-o-Y Growth (%), and Market Share (%)

9.2.1. Automotive Lubricants

9.2.2. Industrial Lubricants

9.3. Mexico Lubricants Additive Market – Opportunity Analysis Index, By Product Type, By Application, 2019 – 2025

9.4. Mexico Lubricants Additive Market Dynamics – Trends

10. Argentina Lubricants Additive Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025

10.1. Product Type Analysis (2014 – 2018) and Forecast (2019 – 2025) by (Revenue, USD Mn) Volume (000’MT), Y-o-Y Growth (%), and Market Share (%)

10.1.1. Dispersants

10.1.2. Viscosity index improvers

10.1.3. Detergents

10.1.4. Anti-wear agents

10.1.5. Antioxidants

10.1.6. Corrosion inhibitors

10.1.7. Friction modifiers

10.1.8. Emulsifiers

10.2. By Application Type Analysis (2014 – 2018) and Forecast (2019 – 2025) by (Revenue, USD Mn) Volume (000’MT), Y-o-Y Growth (%), and Market Share (%)

10.2.1. Automotive Lubricants

10.2.2. Industrial Lubricants

10.3. Argentina Lubricants Additive Market – Opportunity Analysis Index, By Product Type, By Application, 2019 – 2025

10.4. Argentina Lubricants Additive Market Dynamics – Trends

11. Chile Lubricants Additive Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025

11.1. Product Type Analysis (2014 – 2018) and Forecast (2019 – 2025) by (Revenue, USD Mn) Volume (000’MT), Y-o-Y Growth (%), and Market Share (%)

11.1.1. Dispersants

11.1.2. Viscosity index improvers

11.1.3. Detergents

11.1.4. Anti-wear agents

11.1.5. Antioxidants

11.1.6. Corrosion inhibitors

11.1.7. Friction modifiers

11.1.8. Emulsifiers

11.2. By Application Type Analysis (2014 – 2018) and Forecast (2019 – 2025) by (Revenue, USD Mn) Volume (000’MT), Y-o-Y Growth (%), and Market Share (%)

11.2.1. Automotive Lubricants

11.2.2. Industrial Lubricants

11.3. Chile Lubricants Additive Market – Opportunity Analysis Index, By Product Type, By Application, 2019 – 2025

11.4. Chile Lubricants Additive Market Dynamics – Trends

12. Rest of Latin America Lubricants Additive Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025

12.1. Product Type Analysis (2014 – 2018) and Forecast (2019 – 2025) by (Revenue, USD Mn) Volume (000’MT), Y-o-Y Growth (%), and Market Share (%)

12.1.1. Dispersants

12.1.2. Viscosity index improvers

12.1.3. Detergents

12.1.4. Anti-wear agents

12.1.5. Antioxidants

12.1.6. Corrosion inhibitors

12.1.7. Friction modifiers

12.1.8. Emulsifiers

12.2. By Application Type Analysis (2014 – 2018) and Forecast (2019 – 2025) by (Revenue, USD Mn) Volume (000’MT), Y-o-Y Growth (%), and Market Share (%)

12.2.1. Automotive Lubricants

12.2.2. Industrial Lubricants

12.3. Rest of Latin America Lubricants Additive Market – Opportunity Analysis Index, By Product Type, By Application, 2019 – 2025

12.4. Rest of Latin America Lubricants Additive Market Dynamics – Trends

13. Competition Landscape

13.1. Strategic Dashboard of Top Market Players

13.2. Company Profiles (Introduction, Financial Analysis, Application  & Service Offerings, Key Developments, Strategies, and SWOT Analysis)

13.2.1. Gevo, Inc.

13.2.2. Chevron Corp

13.2.3. Afton Chemical Corporation

13.2.4. The Lubrizol Corporation

13.2.5. Infineum International Limited

13.2.6. BASF SE

13.2.7. BRB International BV

13.2.8. Wuxi South Petroleum Additive Co.

13.2.9. Croda Lubricants

13.2.10. DOG Chemie

13.2.11. Dorf Ketal

13.2.12. Dover Chemical

13.2.13. Eni SpA.

13.2.14. Evonik Industries AG

13.2.15. Jinzhou Kangtai Lubricant Additives Co. Ltd

13.2.16. King Industries Inc.

14. Research Methodology

15. Key Assumptions and Acronyms


Report

Company Profile

  • Chevron Corp
  • Afton Chemical Corporation
  • The Lubrizol Corporation
  • Infineum International Limited
  • BASF SE
  • BRB International BV
  • Wuxi South Petroleum Additive Co.

Description

Latin America lubricants additive market report gives a comprehensive outlook on Lubricants Additive market across the different countries of Latin America such as Brazil, Mexico, Argentina, Chile, and the Rest of Latin America. The report gives historical, current, and future market sizes (US$ Mn) on the basis of product type, application and country. This report studies Latin America Lubricants Additive market dynamics elaborately to identify the current market trends and drivers, future opportunities and possible challenges to the key stakeholders operating in the market. The market is characterized by the presence of a large number of players. Companies are thriving on various applications of tactics such as merger, acquisition, product launches, and others. For instance, Italmatch Chemicals is planning to acquire Afton Chemical’s metalworking fluid business which can prove beneficial for the former’s portfolio and help in further expansion. Lanxess, meanwhile, manages to take over Chemtura which will boost its additives market. The lubricant additives market is expected to grow due to enhancing fuel efficiency, improve performance, and engine protection.

The lubricant additives are expected to play a vital role in the coming years, towards fuel economy, especially contributing to emerging technologies like Dual Clutch Technology (DCT). With increasing regulatory pressure on improving the fuel efficiency of vehicles and reducing greenhouse gas emissions, there has been a tremendous development in lubricating oil formulations. Blenders have significantly invested in R&D for developing superior products that adhere to environmental regulations as well as consumer expectations. Since additives play a significant role in base oil blending and subsequent formulations as they are critical materials in improving specification and performance of oils. The trend as stated above has had an enormous impact on the industry’s development over the past and is expected to continue driving the Latin America lubricant additives market. Key players are adopting new strategy to establish their footprint worldwide thereby enhancing their product portfolio. Merger, acquisition, product development and collaborations are some of the market strategy the key players implement. In September 2017, BASF commissioned technical lab at Innovation Campus Asia Pacific, located in Navi Mumbai, India.

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX