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

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North 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

North America’s lubricant additives market is expected to grow at USD 3,537.65 million expected to reach 4,354.63 million by 2028 growing at a CAGR of 4.3% during the forecast period 2022 to 2028. The market is being driven mainly by high growth in 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 market growth. North America Lubricants Additive market report gives comprehensive outlook on lubricants additive market across the different countries of North America such as U.S., Canada. The report on North America Lubricants Additive market gives historical, current, and future market sizes (US$ Mn) on the basis of product type, application and country. This report studies North 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. North America 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. Lubricant additive are primarily used to enhance 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 North America market.

North America Lubricants Additive Market

MARKET SUMMARY
-
4.3% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 4.3%

North America Lubricants Additive Market

  • The report on North America Lubricants Additive Market gives historical, current and future market sizes (US$ Mn) based on product type, application and geographical regions.
  • North America Lubricants Additive Market report gives comprehensive outlook across the region with special emphasis on key regions such as USA, Canada and Rest of North America Lubricants Additive Market.
Key Players
  • Chevron Corp
  • Afton Chemical Corporation
  • The Lubrizol Corporation
  • Infineum International Limited
  • BASF SE
North America Lubricants Additive Market Dynamics

The enhancement in durability allows effective use of energy resources, provides capabilities to employ alternative fuels, and maintains low levels of exhaust emissions. 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. 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.


North-America Got Significant Share

North America Lubricants Additive Market

The lubricant additives market in North America has plateaued, however, the practice of using lubricants to maintain machineries will enable the market record steady growth in the region. U.S. is expected to lead the North America lubricants additive market owing to a steady increase in the population, newer innovations in the automotive sector.

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, country market share, historic market and forecast
  • The report covers in-detail insights about the competitor’s overview, 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
  • 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
North 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. North America Lubricants Additive Market Introduction

2.1. North America Lubricants Additive Market – Taxonomy

2.2. North America Lubricants Additive Market –Definitions

2.2.1. Type of Product

2.2.2. Application

3. North America Lubricants Additive Market Dynamics

3.1. Drivers

3.2. Restraints

3.3. Opportunities/Unmet Needs of the Market

3.4. Trends

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

3.6. North America Lubricants Additive Market – Application  Innovations

4. North 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. North 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. North America Lubricants Additive Market Forecast, By country, 2014 – 2018 and Forecast, 2019 – 2025

7.1. U.S

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. Canada

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

8. U.S 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. U.S Lubricants Additive Market – Opportunity Analysis Index, By Product Type, By Application, and Country, 2019 – 2025

8.4. U.S Lubricants Additive Market Dynamics – Trends

9. Canada 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. Canada Lubricants Additive Market – Opportunity Analysis Index, By Product Type, By Application, and Country,  2019 – 2025

9.4. Canada Lubricants Additive Market Dynamics – Trends

10. Competition Landscape

10.1. Strategic Dashboard of Top Market Players

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

10.2.1. Chevron Corp

10.2.2. Afton Chemical Corporation

10.2.3. The Lubrizol Corporation

10.2.4. Infineum International Limited

10.2.5. BASF SE

10.2.6. BRB International BV

10.2.7. Wuxi South Petroleum Additive Co.

10.2.8. Croda Lubricants

10.2.9. DOG Chemie

10.2.10. Dorf Ketal

10.2.11. Dover Chemical

10.2.12. Eni SpA.

10.2.13. Evonik Industries AG

10.2.14. Jinzhou Kangtai Lubricant Additives Co. Ltd

10.2.15. King Industries Inc.

11. Research Methodology

12. 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.
  • Croda Lubricants
  • DOG Chemie
  • Dorf Ketal
  • Dover Chemical
  • Eni SpA.
  • Evonik Industries AG
  • Jinzhou Kangtai Lubricant Additives Co. Ltd
  • King Industries Inc.

Description

North America’s lubricant additives market is expected to grow at USD 3,537.65 million expected to reach 4,354.63 million by 2028 growing at a CAGR of 4.3% during the forecast period 2022 to 2028. The market is being driven mainly by high growth in 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 market growth. North America Lubricants Additive market report gives comprehensive outlook on lubricants additive market across the different countries of North America such as U.S., Canada. The report on North America Lubricants Additive market gives historical, current, and future market sizes (US$ Mn) on the basis of product type, application and country. This report studies North 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. North America 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. Lubricant additive are primarily used to enhance 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 North America market.

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