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The Lubricant Additives Market Size was valued at USD 17.58 Billion in 2023. It is expected to grow to USD 25.01 Billion by 2032 and grow at a CAGR of 4% over the forecast period of 2024-2032.
The Lubricant Additives Market growth is driven by the rising need for high-performance lubricants in a wide range of applications. With the increasing complexity of machinery and equipment, lubricants alone may not suffice to meet the stringent requirements of modern industries. This has led to a surge in the demand for lubricant additives, as they offer tailored solutions to address specific challenges faced by different sectors.
One of the key drivers of the lubricant additives market is the automotive industry. As vehicles become more advanced and efficient, the demand for lubricants that can withstand extreme temperatures, reduce friction, and enhance fuel economy has skyrocketed. Lubricant additives, such as anti-wear agents, detergents, and dispersants, are essential in formulating lubricants that can meet these requirements and ensure optimal performance of engines and other automotive components.
The advancement in the automotive sector is a key driver for the global lubricating oil additives market, as modern vehicles require high-performance lubricants that have the capacity to work under brutal conditions with optimum fuel efficiency. Increased scrutiny on emission compliance and boosting engine durability are driving demand for additives, namely anti-wear agents, detergents, and dispersions. For example, in 2022, Afton Chemical Corporation introduced a newly developed series of additives to satisfy the tough fuel economy standards and emission regulations being imposed by governments all over the globe.
In 2023, the U.S. Department of Energy found that advanced lubricants could lower vehicle energy consumption by as much as 6 percent, an indication of how far lubricant technology has to go to improve vehicle efficiency. Equally, in 2020, BASF launched a new range of low-viscosity engine oils tailored for fuel-efficient lubes within the automotive industry. Such factor is anticipated to boost the market growth as lubricant additives play a crucial role in offering maximum performance efficiency of advanced automotive engines.
These enhancers help lubricants to flow better in the engine, allowing them to perform smoothly under different temperatures, which results in increased fuel efficiency. The newly released dispersant technology in 2023 by Infineum International Limited reduces the sludge and deposits around engines, resulting in cleaner combustion and fewer emissions. Not only will the development help meet regulatory compliance, it will also increase engine component life to illustrate the industry's progressing commitment to sustainability
Drivers
Rising demand for high-performance lubricants in various industries.
Growing automotive industry and the need for fuel-efficient vehicles.
Rising awareness about the benefits of using lubricant additives for equipment maintenance and longevity.
Increasing awareness about the use of lubricant additives for equipment maintenance and lifespan has had a considerable impact on the growth rate of the market for lubricant additives. With a greater understanding of the benefits of lubricant additives, especially in conjunction with improvements to equipment uptime and lifespan, industries are adopting more refined-quality oils. Effective lubrication may also cut energy usage in industrial equipment by up to 10%, the U.S. Department of Energy reports, and lower maintenance costs, making the economic case for lubricant additives more appealing.
With this growing awareness, manufacturers have developed additives that bring a totally new level of performance. In another example, during the early months of 2022, Chevron Oronite Company introduced a new line of additive packages specifically formulated for enhancing the operational performance of lubricants in heavy-duty applications to underline the significance of lubrication in equipment upkeep. In 2023, TotalEnergies launched its latest and most advanced antioxidant additives designed to prevent oxidative degradation often one of the primary causes behind equipment failure and extended downtime. This proactive approach to hinder maintenance issues and machine extension, by utilizing specific lubricant additives, is demonstrated through these actions in the industry that underpins sustainability within industrial practices.
Restraint
Fluctuating raw material prices affect the overall cost of lubricant additives hamper the market growth.
This main challenge can be further related to the cost fluctuations in lubricant additives raw materials which ultimately promote stagnant growth of manufacturers & suppliers within the industry. The cost of base oils and most chemical additives can vary as they are high-priced labile raw materials influenced by geopolitical tensions, disruptions to the supply chain, and fluctuations in crude oil prices. For example, in 2022, the global supply chain issue and the surge of energy costs have pushed up prices for raw materials used in lubricant formulations so manufacturers had no other choice than to adjust their pricing strategies in response. This volatility leads to lower profit margins and forces manufacturers to increasingly invest in leaner production processes and new sourcing models. Therefore, the lubricant additives market continues to wrestle with conundrums of being cost-effective while still delivering high-performance products, consequentially impacting affordability and supply for end-users.
Opportunities
Increasing focus on sustainable and bio-based lubricant additives
Growing demand for synthetic lubricants in various industries
By Product
The Viscosity Index Improvers segment was the dominant product in 2023, accounting for over 35% of the revenue share. Viscosity index improvers are polymers that are added to lubricating oils to minimize changes in viscosity at both low and high temperatures. These additives play a crucial role in engine oil formulations.
Recovery of manufacturing sectors in developed economies of North America and Europe such as the U.S., UK, Germany, and Italy will drive consumption over the forecast horizon. Increasing government regulations to achieve fuel economy targets is anticipated to impact further industry dynamics. Stringent regulations that are pushing countries such as the U.S., Canada, and Mexico to reduce carbon emissions have created a huge demand for anti-wear additives in the North American region.
By Application
The automotive lubricants segment held the largest share around 65.86% in 2023. Due to its exceptional oxidative stability, improved solvency & decreased volatility, lubricant additives like dispersants, viscosity index enhancers, anti-oxidants & friction modifiers are largely being used in the fuel systems of automotive vehicles for both gasoline & diesel engines. Fuel economy and temperature performance are staging required in due course, keep clean of the engine burning mixed together diesel fuel lacks than the industry has oil.
In addition, the burgeoning industrial & automotive sectors in China, India & Japan are key factors influencing demand for Lubricant Additives Growth in Asia Pacific. The government introduced several regulations in the automotive industry to enhance fuel efficiency which also accelerates the consumption of high-performance lubricant additives. In addition, the increasing disposable income of consumers has driven the production of passenger cars & heavy-duty vehicles that have further augmented demand for lubricants on account of higher volumes used.
Asia Pacific dominated the Lubricant Additives Market with the highest revenue share of about 35.2% in 2023. This is due to factors such as the rapid growth of economies and a surge in investments across various industrial sectors. Our secondary research reveals that the automobile sector in India has been a magnet for foreign direct investment (FDI), attracting a staggering amount of USD 33.77 billion between April 2000 and September 2022. Furthermore, the 2022 report from the European Automobile Manufacturers Association highlights China's significant contribution to global vehicle production, accounting for 34% of the 66.2 million cars manufactured worldwide. Europe follows closely behind with a 23% share, while Japan and Korea collectively contribute 16%. Moreover, the China Electronic Information Industry Development predicts that China will allocate a substantial sum of USD 1.4 trillion towards new infrastructure projects between 2020 and 2025. These investments will encompass various sectors, including renewable energy and residential buildings. Consequently, the construction and automobile industries in China and India, as well as the automobile sector in Japan and Korea, are experiencing rapid development. This, in turn, has generated a surge in demand for advanced lubrication solutions within the Asia Pacific region.
North America held the significant revenue share of the Lubricant Additives Market and is expected to grow with a CAGR of about 4.3% during the forecast period. One of the key factors contributing to North America's substantial revenue share is its robust industrial sector. The region boasts a thriving manufacturing industry, which heavily relies on lubricants to ensure smooth operations and enhance the lifespan of machinery. As a result, the demand for lubricant additives, which improve the performance and efficiency of lubricants, has witnessed a significant upsurge. Additionally, the growing automotive sector in North America has contributed significantly to the demand for lubricant additives. With a rising number of vehicles on the road, the need for high-performance lubricants has surged.
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Afton Chemical Corp. (AFTON 2200, AFTON 3040)
BASF SE (BASOLUBE, Irganox)
BRB International (BRB 100, BRB 101)
Chevron Chemicals (Delo 400, Havoline)
Evonik Industries (VISCOPLUS, TEGO®)
Lubrizol Corporation (Lubrizol 5240, Lubrizol 5100)
Infineum International Limited (Infineum SCA 60, Infineum 191)
Croda International PLC (Croda Lube, Croda BioLube)
Dover Chemical Corporation (DOVERLUBE 31700, DOVERLUBE 30700)
Clariant International Ltd (Licocene, Exolit)
LANXESS
TotalEnergies (Total Fluid, Total Eco-Flow)
Chemtura Corporation (Aerosol 1000, Lube 222)
Shamrock Shipping & Trading Ltd.
Tianhe Chemicals Group
Houghton International Inc. (Houghton HTD, Houghton MP)
Fuchs Petrolub SE (Fuchs Titan, Fuchs Ecoclean)
Petro-Canada Lubricants (Duron, Varityl)
SABIC (SABIC S430, SABIC S270)
Kraton Corporation (Kraton G, Kraton D)
Rheinfelden Group (Rhenocoll, Rhenodix)
Chevrol USA (Chevrol 2000, Chevrol 1000)
In Feb 2023, as lithium prices continue to rise, Lubrizol is dedicated to providing alternative, high-performance, and cost-effective solutions for industrial grease-thickening to grease manufacturers worldwide. To support the testing and development of calcium sulfonate greases, which have great potential in the industrial grease market, Lubrizol has established a new grease lab in Navi Mumbai, India.
In Nov. 2022, BRB inaugurated a new facility in Echt, Netherlands, exclusively for lube oil additives and chemicals. This state-of-the-art facility prioritizes sustainable production practices, effectively reducing its carbon footprint. The Malaysian Ambassador to the Netherlands, H.E., was present at the opening ceremony.
In August 2022, BASF commenced the production of fuel performance additives at its Pudong site in Shanghai, China. This new plant was established to meet the growing regional demand for fuel performance additives and to provide customers in Asia with enhanced supply security and flexibility.
In March 2022, Afton Chemical Corporation, a global leader in the lubricant and fuel additive market, completed the third phase of its expansion. This expansion included the addition of Gasoline Performance Additives (GPA) blending capabilities at its Singapore Chemical Additive Manufacturing Facility.
| Report Attributes | Details |
| Market Size in 2023 | US$ 17.58 Bn |
| Market Size by 2031 | US$ 24.05 Bn |
| CAGR | CAGR of 4% 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 Product (Antioxidants, Dispersants, Detergents, Anti-wear Additives, Viscosity Index Improvers, Friction Modifiers, and Others) • By Application (Automotive Lubricants and Industrial Lubricants) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Evonik Industries, LANXESS, BASF SE, Croda International, Chevron Oronite Company, Hornett Brothers & Co. Ltd., Shamrock Shipping & Trading Ltd., Chemtura Corporation, Afton Chemical Corp., Lubrizol Corp., Tianhe Chemicals Group, Infineum International, BRB International |
| Key Drivers | • Increasing demand for high-performance lubricants in various industries. • Growing automotive industry and the need for fuel-efficient vehicles. • Rising awareness about the benefits of using lubricant additives for equipment maintenance and longevity. • Technological advancements in lubricant additive formulations |
| Market Restraints | • Fluctuating raw material prices affect the overall cost of lubricant additives. • Limited availability of certain additives in the market. |
Ans. The Compound Annual Growth rate for the Lubricant Additives Market over the forecast period is 4%.
Ans. The projected market size for the Lubricant Additives Market is USD 24.05 billion by 2031.
Ans: The Passenger Car Motor Oil in the automotive lubricant application segment dominated the Lubricant Additives Market and is expected to show dominance during the forecast period.
Ans: The Asia-Pacific region dominated the Lubricant Additives Market in 2023.
Ans: Yes, you can ask for the customization as per your business requirement.
Table of Content
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
3.1 Market Driving Factors Analysis
3.1.2 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 PESTLE Analysis
3.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Production Capacity and Utilization, by Country, by Type, 2023
5.2 Feedstock Prices, by Country, by Type, 2023
5.3 Regulatory Impact, by l Country, by Type, 2023.
5.4 Environmental Metrics: Emissions Data, Waste Management Practices, and Sustainability Initiatives, by Region
5.5 Innovation and R&D, by Type, 2023
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new Product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Lubricant Additives Market Segmentation, by Product
7.1 Chapter Overview
7.2 Antioxidants
7.2.1 Antioxidants Market Trends Analysis (2020-2032)
7.2.2 Antioxidants Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Dispersants
7.3.1 Dispersants Market Trends Analysis (2020-2032)
7.3.2 Dispersants Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Detergents
7.4.1 Detergents Market Trends Analysis (2020-2032)
7.4.2 Detergents Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5 Anti-wear Additives
7.5.1 Anti-wear Additives Market Trends Analysis (2020-2032)
7.5.2 Anti-wear Additives Market Size Estimates and Forecasts to 2032 (USD Billion)
7.6 Viscosity Index Improvers
7.6.1 Viscosity Index Improvers Market Trends Analysis (2020-2032)
7.6.2 Viscosity Index Improvers Market Size Estimates and Forecasts to 2032 (USD Billion)
7.7 Friction Modifiers
7.7.1 Friction Modifiers Market Trends Analysis (2020-2032)
7.7.2 Friction Modifiers Market Size Estimates and Forecasts to 2032 (USD Billion)
7.8 Others
7.8.1 Others Market Trends Analysis (2020-2032)
7.8.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Lubricant Additives Market Segmentation, by Application
8.1 Chapter Overview
8.2 Automotive Lubricants
8.2.1 Automotive Lubricants Market Trends Analysis (2020-2032)
8.2.2 Automotive Lubricants Market Size Estimates and Forecasts to 2032 (USD Billion)
8.2.3 Passenger Car Motor Oil
8.2.3.1 Passenger Car Motor Oil Market Trends Analysis (2020-2032)
8.2.3.2 Passenger Car Motor Oil Market Size Estimates and Forecasts to 2032 (USD Billion)
8.2.4 Heavy Duty Motor Oil
8.2.4.1 Heavy Duty Motor Oil Market Trends Analysis (2020-2032)
8.2.4.2 Heavy Duty Motor Oil Market Size Estimates and Forecasts to 2032 (USD Billion)
8.2.5 Others
8.2.5.1 Others Market Trends Analysis (2020-2032)
8.2.5.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Industrial Lubricants
8.3.1 Industrial Lubricants Market Trends Analysis (2020-2032)
8.3.2 Industrial Lubricants Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3.3 Industrial Engine Oil
8.3.3.1 Industrial Engine Oil Market Trends Analysis (2020-2032)
8.3.3.2 Industrial Engine Oil Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3.4 Metalworking Fluids
8.3.4.1 Metalworking Fluids Market Trends Analysis (2020-2032)
8.3.4.2 Metalworking Fluids Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3.5 General Industrial Oil
8.3.5.1 General Industrial Oil Market Trends Analysis (2020-2032)
8.3.5.2 General Industrial Oil Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3.6 Others
8.3.6.1 Others Market Trends Analysis (2020-2032)
8.3.6.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Regional Analysis
9.1 Chapter Overview
9.2 North America
9.2.1 Trends Analysis
9.2.2 North America Lubricant Additives Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.2.3 North America Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.2.4 North America Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.2.5 USA
9.2.5.1 USA Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.2.5.2 USA Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.2.6 Canada
9.2.6.1 Canada Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.2.6.2 Canada Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.2.7 Mexico
9.2.7.1 Mexico Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.2.7.2 Mexico Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3 Europe
9.3.1 Eastern Europe
9.3.1.1 Trends Analysis
9.3.1.2 Eastern Europe Lubricant Additives Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.1.3 Eastern Europe Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.3.1.4 Eastern Europe Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.5 Poland
9.3.1.5.1 Poland Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.3.1.5.2 Poland Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.6 Romania
9.3.1.6.1 Romania Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.3.1.6.2 Romania Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.7 Hungary
9.3.1.7.1 Hungary Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.3.1.7.2 Hungary Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.8 Turkey
9.3.1.8.1 Turkey Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.3.1.8.2 Turkey Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.9 Rest of Eastern Europe
9.3.1.9.1 Rest of Eastern Europe Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.3.1.9.2 Rest of Eastern Europe Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2 Western Europe
9.3.2.1 Trends Analysis
9.3.2.2 Western Europe Lubricant Additives Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.2.3 Western Europe Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.3.2.4 Western Europe Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.5 Germany
9.3.2.5.1 Germany Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.3.2.5.2 Germany Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.6 France
9.3.2.6.1 France Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.3.2.6.2 France Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.7 UK
9.3.2.7.1 UK Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.3.2.7.2 UK Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.8 Italy
9.3.2.8.1 Italy Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.3.2.8.2 Italy Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.9 Spain
9.3.2.9.1 Spain Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.3.2.9.2 Spain Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.10 Netherlands
9.3.2.10.1 Netherlands Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.3.2.10.2 Netherlands Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.11 Switzerland
9.3.2.11.1 Switzerland Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.3.2.11.2 Switzerland Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.12 Austria
9.3.2.12.1 Austria Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.3.2.12.2 Austria Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.13 Rest of Western Europe
9.3.2.13.1 Rest of Western Europe Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.3.2.13.2 Rest of Western Europe Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4 Asia Pacific
9.4.1 Trends Analysis
9.4.2 Asia Pacific Lubricant Additives Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.4.3 Asia Pacific Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.4.4 Asia Pacific Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.5 China
9.4.5.1 China Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.4.5.2 China Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.6 India
9.4.5.1 India Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.4.5.2 India Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.5 Japan
9.4.5.1 Japan Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.4.5.2 Japan Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.6 South Korea
9.4.6.1 South Korea Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.4.6.2 South Korea Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.7 Vietnam
9.4.7.1 Vietnam Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.2.7.2 Vietnam Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.8 Singapore
9.4.8.1 Singapore Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.4.8.2 Singapore Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.9 Australia
9.4.9.1 Australia Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.4.9.2 Australia Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.10 Rest of Asia Pacific
9.4.10.1 Rest of Asia Pacific Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.4.10.2 Rest of Asia Pacific Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5 Middle East and Africa
9.5.1 Middle East
9.5.1.1 Trends Analysis
9.5.1.2 Middle East Lubricant Additives Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.1.3 Middle East Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.5.1.4 Middle East Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.5 UAE
9.5.1.5.1 UAE Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.5.1.5.2 UAE Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.6 Egypt
9.5.1.6.1 Egypt Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.5.1.6.2 Egypt Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.7 Saudi Arabia
9.5.1.7.1 Saudi Arabia Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.5.1.7.2 Saudi Arabia Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.8 Qatar
9.5.1.8.1 Qatar Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.5.1.8.2 Qatar Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.9 Rest of Middle East
9.5.1.9.1 Rest of Middle East Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.5.1.9.2 Rest of Middle East Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.2 Africa
9.5.2.1 Trends Analysis
9.5.2.2 Africa Lubricant Additives Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.2.3 Africa Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.5.2.4 Africa Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.2.5 South Africa
9.5.2.5.1 South Africa Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.5.2.5.2 South Africa Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.2.6 Nigeria
9.5.2.6.1 Nigeria Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.5.2.6.2 Nigeria Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6 Latin America
9.6.1 Trends Analysis
9.6.2 Latin America Lubricant Additives Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.6.3 Latin America Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.6.4 Latin America Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.5 Brazil
9.6.5.1 Brazil Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.6.5.2 Brazil Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.6 Argentina
9.6.6.1 Argentina Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.6.6.2 Argentina Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.7 Colombia
9.6.7.1 Colombia Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.6.7.2 Colombia Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.8 Rest of Latin America
9.6.8.1 Rest of Latin America Lubricant Additives Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.6.8.2 Rest of Latin America Lubricant Additives Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10. Company Profiles
10.1 Evonik Industries
10.1.1 Company Overview
10.1.2 Financial
10.1.3 Products/ Services Offered
10.1.4 SWOT Analysis
10.2 LANXESS
10.2.1 Company Overview
10.2.2 Financial
10.2.3 Products/ Services Offered
10.2.4 SWOT Analysis
10.3 BASF SE
10.3.1 Company Overview
10.3.2 Financial
10.3.3 Products/ Services Offered
10.3.4 SWOT Analysis
10.4 Croda International
10.4.1 Company Overview
10.4.2 Financial
10.4.3 Products/ Services Offered
10.4.4 SWOT Analysis
10.5 Chevron Oronite Company
10.5.1 Company Overview
10.5.2 Financial
10.5.3 Products/ Services Offered
10.5.4 SWOT Analysis
10.6 Hornett Brothers & Co. Ltd.
10.6.1 Company Overview
10.6.2 Financial
10.6.3 Products/ Services Offered
10.6.4 SWOT Analysis
10.7 Chemtura Corporation
10.7.1 Company Overview
10.7.2 Financial
10.7.3 Products/ Services Offered
10.7.4 SWOT Analysis
10.8 Afton Chemical Corp.
10.8.1 Company Overview
10.8.2 Financial
10.8.3 Products/ Services Offered
10.8.4 SWOT Analysis
10.9 Lubrizol Corp.
10.9.1 Company Overview
10.9.2 Financial
10.9.3 Products/ Services Offered
10.9.4 SWOT Analysis
10.10 Tianhe Chemicals Group
10.10.1 Company Overview
10.10.2 Financial
10.10.3 Products/ Services Offered
10.10.4 SWOT Analysis
11. Use Cases and Best Practices
12. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
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This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Product
Antioxidants
Dispersants
Detergents
Anti-wear Additives
Viscosity Index Improvers
Friction Modifiers
Others
By Application
Automotive Lubricants
Passenger Car Motor Oil
Heavy Duty Motor Oil
Others
Industrial Lubricants
Industrial Engine Oil
Metalworking Fluids
General Industrial Oil
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
The Phase Change Material Market Size was valued at USD 536.27 million in 2023 and is expected to reach USD 2220.95 million by 2031 and grow at a CAGR of 19.78% over the forecast period 2024-2032.
The Filled Fluoropolymer Market Size was $3.79 billion in 2023, and is expected to reach USD 5.96 billion by 2031, and grow at a CAGR of 5.8% by 2024-2031.
The Synthetic Leather Market Size was valued at USD 38.7 billion in 2023, and is expected to reach USD 71.2 billion by 2032, and grow at a CAGR of 7.0% over the forecast period 2024-2032.
The Industrial Lubricants Market was valued at USD 71.85 billion in 2023 and is expected to reach USD 96.57 billion by 2032 and grow at a CAGR of 3.34% over the forecast period 2024-2032.
The Bio Solvents Market Size was USD 4.0 Billion in 2023. It is expected to grow to USD 5.7 Billion by 2032 and grow at a CAGR of 4.01% by 2024-2032.
The Advanced Glass Market Size was $58.1 billion in 2023, and is expected to reach USD 114.8 billion by 2032, and grow at a CAGR of 7.9% by 2024-2032.
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