The Anti-wear Additives Market Size was valued at USD 736.5 million in 2023, and is expected to reach USD 911.5 million by 2031, and grow at a CAGR of 2.7% over the forecast period 2024-2031.
The use of anti-wear additives during boundary film and mixed-film lubrication protects metal surfaces from deterioration and wear. It produces a protective coating to slow wear when pressure or temperature is raised at the contact surfaces. The metal contact surfaces are chemically reacted with by the anti-wear additives to shield them from corrosive acids, wear, and base oil oxidation. These additives are composed primarily of zinc and phosphorous compounds, frequently zinc dialkyl dithiophosphate (ZDDP). These are frequently used in greases, automatic transmission fluids, hydraulic oils, gear oils, and engine oils.
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The surge in demand for anti-wear additives across a variety of end-user industries, particularly the automotive industries, is one of the key reasons promoting the market's expansion.
Due to its substantial usage in gearboxes for the protection of its metal surfaces, increasing automotive production and an expanding fleet of cars are driving the market's expansion. The development of the anti-wear additives market is presented with a lucrative potential by the technological development of new vehicles like aluminium trucks and smart cars. The market's expansion is, however, adversely impacted by numerous restrictions designed to minimise greenhouse gas emissions in the environment.
Drivers:
Rising interest in the automobile industry
strong industrial sector performance
The expansion of the market is being driven by rising demand from the automotive sector
Restraints:
Push for alternate energy
During the projection period, strict government rules are anticipated to impede growth
Opportunity:
BRIC countries provide lucrative market prospects
Challenge:
Fluctuating crude oil prices
Impact on the automotive industry: The COVID-19 has a significant negative effect on the automobile industry, which includes engine oil, automotive gear oil, and automotive transmission fluid. Over the course of 2020 and 2021, a fall in demand for autos and commercial vehicles is anticipated. The COVID-19 pandemic has caused the production of cars in North America to stop in excess of 80%. The scenario is similar in Europe and Asia Pacific. Production has temporarily been halted by businesses like Ford, General Motors, Fiat Chrysler Automobiles, Honda, and Tesla. Even if these businesses start up again once the epidemic passes, the car industry will suffer from economic uncertainty and a drop in customer spending power.
Impact on metalworking fluid: Varying parts of the world are expected to see different COVID-19 effects on metalworking fluid. It's because different end-use industries, including manufacturing, logistics, electronics, and aerospace, have different demands for metalworking fluid. However, due to supply chain breakdowns, transportation bottlenecks, a lack of labour, and decreased demand, industrial activity has slowed down internationally and has affected numerous industries, including all of the end markets for metalworking fluids.
Hydraulic oils are affected: Hydraulic oils are frequently utilised in industrial settings, primarily as mediums for transporting power and heat. Due to its tight ties to the expansion of numerous industries, including construction and the metals industry, the demand for hydraulic oil is heavily dependent on its end users.
By type
Zinc Dialkldithiophosphate (ZDDP)
P-Derivative
Phosphate
Phosphonate
Phosphite
By Application
Engine Oil
Automotive Gear Oil
Automotive Transmission Fluid
Metal working Fluid
Greases
Hydraulic Oil
Others
By Sales Channel
Merchant
Captive
Regional Analysis:
North America: The growth of the North American market is being driven by an increase in construction activity. The construction growth in 2022 climbed by 17% in Oklahoma City, 15% in Las Vegas, 15% in Hartford, and 14% in Houston, among the biggest metropolitan areas.
As a result of these factors, it is anticipated that the region's market for anti-wear additives will have strong growth.
Europe: During the forecast period, the European market is anticipated to represent a sizeable portion of the worldwide market in terms of value. Germany, Russia, and France are the top donors. For instance, Russia's expanding industrial sector is attracting a range of foreign investors.
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REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Chemtura Corporation, Evonik, Chevron Oronite, Vanderbilt Chemicals, Lubrizol, Infineum, Tianhe Chemicals Group, Afton Chemical Corporation.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 736.5 Million |
| Market Size by 2031 | US$ 911.5 Million |
| CAGR | CAGR of 2.7% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Zinc Dialkldithiophosphate (ZDDP), P-Derivative, Phosphate, Phosphonate, Phosphite) • By Application (Engine Oil, Automotive Gear Oil, Automotive Transmission Fluid, Metal working Fluid, Greases, Hydraulic Oil, Others) • By Sales Channel (Merchant, Captive) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Chemtura Corporation, Evonik, Chevron Oronite, Vanderbilt Chemicals, Lubrizol, Infineum, Tianhe Chemicals Group, Afton Chemical Corporation |
| Key Drivers | • Rising interest in the automobile industry. • strong industrial sector performance. |
| RESTRAINTS | • Push for alternate energy • During the projection period, strict government rules are anticipated to impede growth. |
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: The COVID-19 has a significant negative effect on the automobile industry, which includes engine oil, automotive gear oil, and automotive transmission fluid. Over the course of 2020 and 2021, a fall in demand for autos and commercial vehicles is anticipated. The COVID-19 pandemic has caused the production of cars in North America to stop in excess of 80%. The scenario is similar in Europe and Asia Pacific. Production has temporarily been halted by businesses like Ford, General Motors, Fiat Chrysler Automobiles, Honda, and Tesla. Even if these businesses start up again once the epidemic passes, the car industry will suffer from economic uncertainty and a drop in customer spending power.
Ans: BRIC countries provide lucrative market prospects are the opportunity for Anti-wear Additives Market.
Ans: Fluctuating crude oil prices are the challenges faced by theAnti-wear Additives Market.
Ans: Anti-wear Additives Market Size was valued at USD 736.5 million in 2023, and expected to reach USD 911.5 million by 2031, and grow at a CAGR of 2.7 % over the forecast period 2024-2031.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Anti-wear Additives Market Segment, By type
8.1 Zinc Dialkldithiophosphate (ZDDP)
8.2 P-Derivative
8.3 Phosphate
8.4 Phosphonate
8.5 Phosphite
9. Anti-wear Additives Market Segment, By Application
9.1 Engine Oil
9.2 Automotive Gear Oil
9.3 Automotive Transmission Fluid
9.4 Metal working Fluid
9.5 Greases
9.6 Hydraulic Oil
9.7 Others
10. Anti-wear Additives Market Segment, By Sales Channel
10.1 Merchant
10.2 Captive
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profile
12.1 Chemtura Corporation
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Evonik
12.3 Chevron Oronite
12.4 Vanderbilt Chemicals
12.5 Lubrizol
12.6 Infineum
12.7 Tianhe Chemicals Group
12.8 Afton Chemical Corporation
13.Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
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