Lubricant Anti-Wear Agents Market: By Types (Triaryl Phosphates, Tricresyl Phosphate (TCP), Zinc Dithiophosphate (ZDP), Zinc Dialkyl Dithio Phosphate (ZDDP), Halocarbons (Chlorinated Paraffins), Glycerol Mono Oleate, Stearic Acid), Application (Engine Oil, Automotive Gear Oil, Automotive Transmission Fluid, Metal working Fluid, Greases, Hydraulic Oil, Others), and End-Use Industry (Automotive, Aerospace & Defense, Energy, Construction, Marine, Metallurgy & Metalworking, Food Processing, and   Others), and Geography

Lubricant Anti-Wear Agents Market size was valued at USD 723.9 Million in 2023 and is poised to grow at a CAGR of 4.1% over 2024-2030. The lubricant anti-wear agents market refers to the segment of the industrial market that deals with the production, distribution, and utilization of additives specifically designed to reduce wear and friction in lubricants. Lubricant manufacturers often incorporate anti-wear additives into their products. These additives are chemical compounds that typically work by forming a film or protective barrier that minimizes direct contact between moving parts, thus extending the service life of machinery and equipment. The automotive industry is a significantly driver of the market. As the automotive industry continues to expand, the demand for lubricant anti-wear agents has surged for several reasons. In automotive applications, such as engine oils and transmission fluids, anti-wear agents play a pivotal role in safeguarding critical components like pistons, cylinders, and camshafts from friction-induced wear and tear, especially in high-stress scenarios.

Moreover, the mining and construction sector plays a pivotal role in driving the lubricant anti-wear agents market. The mining sector's expansion and ongoing infrastructure projects have significantly contributed to the demand for lubricant anti-wear agents. In the realm of mining and construction, where heavy machinery operates under extreme conditions involving high loads, vibrations, and abrasive materials, the need for effective lubrication solutions is paramount. However, some traditional additives might raise environmental concerns due to their chemical composition. Stricter regulations on emissions and environmental impact can limit the use of certain additives. Meanwhile, the trend towards using renewable and bio-based lubricants opens opportunities for developing anti-wear agents that are compatible with these types of base oils. Key market players are adopting various strategies to develop innovative and high efficient additive products that further accelerate the growth of the lubricant anti-wear agents market. For instance, in July 2022, SEQENS launched a new extreme pressure additive, SULFAD® 1717E, that provide resistance to high loads and at times combined good anti-wear performances.

Lubricant Anti-Wear Agents Market Key Developments:

• In October 2022, Azelis completed the acquisition of oil additives business line of Ak-ta? to broaden its portfolio.
• In June 2021, EverArc Holdings Limited entered into a definitive agreement with SK Invictus Holdings S.à.r.l. to acquire 100% of SK Invictus Intermediate S.à.r.l. to broaden its business.
• In July 2022, Gold Eagle Co. acquired Lubrication Specialties Inc. to strengthen its product portfolio.