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Lubricant Additives Market by Type (Antioxidants, Detergents, Emulsifiers, Corrosion inhibitors, Dispersants) and Application (Heavy-duty, Passenger car, Metalworking Fluids, General Industrial Oil, Industrial Engine Oil) - Global Opportunity Analysis and Industry Forecast, 2015 - 2022

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MA_161405
Pages: 113
May 2016 | 4193 Views
 
Author's : Bhumika Tandon & Dheeraj Dwivedi
Tables: 64
Charts: 34
 

Lubricant Additives Market Overview:

Lubricant Additives Market is expected to garner $17,153 million by 2022, registering a CAGR of 2.6% during the forecast period 2016-2022. Lubricant additives are organic or inorganic chemical compounds, which are either dissolved or suspended in lubricants and functional fluids to improve their performance.

These compounds are utilized individually or formulated as a package according to the end-use application. Consumption of lubricant additives is major in heavy-duty and passenger car lubricants in the automotive segment, followed by metalworking fluids and industrial engine oils in the industrial segment. The major additive types include dispersants, viscosity index improvers, detergents, anti-wear agents, antioxidants, corrosion inhibitors, friction modifiers, and emulsifiers, among others.

Constantly 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. 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.

It is segmented based on type, application, and geography. Based on type, it is divided into dispersants, viscosity index improvers, detergents, anti-wear agents, antioxidants, corrosion inhibitors, friction modifiers, emulsifiers, and others. By application, the market is bifurcated into automotive lubricants and industrial lubricants. Automotive lubricants are further segmented into heavy-duty, passenger car, and other automotive. In addition, industrial lubricants are divided into metalworking fluids, industrial engine oils, general industrial oils, and others.

Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. The rapidly growing economies in Asia-Pacific have tremendous potential for lubricant additives as the rapidly evolving lifestyle demographics are driving automotive sales and industrial development.

Top Investment Pockets in World Lubricant Additives Market

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To explore investment opportunities, companies should focus on broadening the product portfolios of the lubricant additives with respect to specific applications. Dispersants, detergents, and viscosity index improvers are the most popular additives used in the lubricant industry. These additives are also the most lucrative segments due to their low cost and easy availability.

The lubricant additives market is segmented into four regions: North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is the highest revenue-generating region for lubricant additives. The Asia-Pacific lubricant additives market was valued at $5,957.7 million in 2015 and is expected to grow at a CAGR of 2.8% during 2016‐2022. The increasing industrialization and automotive ownership are the key factors responsible for the growth of this market in the Asia-Pacific region.

The most attractive market segment in the world lubricant additives market is the LAMEA region. This region is the first preference for new entrants due to the increasing industrialization in conjunction with increasing use of high-grade lubricants. The Asia-Pacific lubricant additives market is expected to grow at a CAGR of 2.7% during the analysis period.

Heavy-duty and passenger car lubricants dominated the automotive lubricant additives market in 2015, asserting more than four-fifths of the market share collectively. These segments are estimated to grow at an expected CAGR of 2.4% and 2.6%, respectively, during the forecast period. Metalwork fluids and industrial engine oils accounted for three-sevenths and two-fifths of the market value, respectively, in the year 2015. Other lubricants segment, which includes processing lubricants, textile machinery oils, and greases, is estimated to be the fastest-growing sub segment in the industrial additive segment with a CAGR of 3.2% during the forecast period. Anti-wear agents are expected to grow with a CAGR of 3.8%, which is the highest among the lubricant additive types from 2016 to 2022, owing to the improving mileage and emission standards expected from original equipment manufacturers (OEMs) by governing bodies.

South Korea Lubricant Additives Market, 2015-2022 (Kilo Tons)

South Korea Lubricant Additives Market, 2015-2022 (Kilo Tons)

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Key players are majorly adopting product launch and expansion strategies, as introduction of new and improved products is crucial for market penetration as the need for high-grade lubricants is increasing. The key players profiled in the report include BASF SE, Evonik Industries AG, Infineum International Limited, Chevron Oronite Company LLC, Chemtura Corporation, Lubrizol Corporation, Croda International PLC, Afton Chemical Corporation, Vanderbilt Chemicals LLC, and Rhein Chemie Corporation.

LUBRICANT ADDITIVES MARKET KEY BENEFITS

  • The report provides a quantitative analysis of current market and estimations through 2015‐2022 that helps in identifying the prevailing market opportunities.
  • The projections in the report are based on the current market trends and future market potential.
  • Comprehensive analysis of geographical regions helps in determining the prevailing opportunities in these regions.
  • SWOT analysis highlights the strength and opportunities of leading companies operating in the market.
  • Exhaustive analysis of the world lubricant additives market by type helps in understanding the varieties of additives that are currently being used and that would gain prominence in the future.
  • Key market players within the lubricant additives market are profiled in the report and their strategies are analyzed thoroughly, which helps in understanding the competitive outlook of the world lubricant additives market.

LUBRICANT ADDITIVES MARKET KEY SEGMENT

The market for world lubricant additives market is segmented as:

Market by Type

  • Dispersants
  • Viscosity index improvers
  • Detergents
  • Anti-wear agents
  • Antioxidants
  • Corrosion inhibitors
  • Friction modifiers
  • Emulsifiers

 Market by Applications

  • Automotive
    • Heavy-duty
    • Passenger car
    • Other automotive
  • Industrial
    • Metalworking fluids
    • Industrial engine oils
    • General industrial oils
    • Others

Market by Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Spain
    • UK
    • Others
  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • India
    • Others
  • LAMEA
    • South Africa
    • Brazil
    • Others
 

Chapter: 1 INTRODUCTION

1.1 Report Description
1.2 Key Benefits
1.3 Key Market Segments
1.4 Key Audiences
1.5 Research Methodology

1.5.1 Secondary research
1.5.2 Primary research
1.5.3 Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1 CXO Perspective
2.2 Market Size
2.3 Market beyond: what to expect by 2027

2.3.1 Base growth scenario
2.3.2 Optimistic growth scenario
2.3.3 Diminishing growth scenario

Chapter: 3 MARKET OVERVIEW

3.1 Market Definition and Scope
3.3 Key Findings

3.3.1 Top Winning Strategies
3.3.2 Top Investment Pockets
3.3.3 Top Impacting Factors

3.4 Market Share Analysis (2015)
3.5 Porters Five Forces Analysis

3.5.1 Low bargaining power of suppliers
3.5.2 Low bargaining power of buyers
3.5.3 High threat of new entrants
3.5.4 Low threat of substitutes
3.5.5 Moderate degree of competition

3.6 Market Dynamics

3.6.1 Drivers

3.6.1.1 Rising marine and aviation transportation
3.6.1.2 Growing automotive industry
3.6.1.3 Improved emmision regulations

3.6.2 Restraints

3.6.2.1 High R&D investment
3.6.2.2 Higher drain intervals

3.6.3 Opportunities

3.6.3.1 Rapidly emerging economies in Asia-Pacific

Chapter: 4 MARKET BY TYPE

4.1 Introduction

4.1.1 Market Size and Forecast

4.2 Dispersants

4.2.1 Key Market trends, growth factors and opportunities
4.2.2 Market Size and Forecast

4.3 Viscosity Index Improvers

4.3.1 Key Market trends, growth factors and opportunities
4.3.2 Market size and forecast

4.4 Detergants

4.4.1 Key Market trends, growth factors and opportunities
4.4.2 Market size and forecast

4.5 Anti-wear Agents

4.5.1 Key Market trends, growth factors and opportunities
4.5.2 Market size and forecast

4.6 Antioxidants

4.6.1 Key Market trends, growth factors and opportunities
4.6.2 Market size and forecast

4.7 Corrosion Inhibitors

4.7.1 Key Market trends, growth factors and opportunities
4.7.2 Market size and forecast

4.8 Friction Modifiers

4.8.1 Key Market trends, growth factors and opportunities
4.8.2 Market size and forecast

4.9 Emulsifiers

4.9.1 Key Market trends, growth factors and opportunities
4.9.2 Market size and forecast

4.10 Others

4.10.1 Key Market trends, growth factors and opportunities
4.10.2 Market size and forecast

Chapter: 5 MARKET BY APPLICATION

5.1 Introduction

5.1.1 Market size and forecast

5.2 Automotive

5.2.1 Key Market trends, growth factors and opportunities
5.2.2 Key growth factors and opportunities
5.2.3 Market size and forecast
5.2.4 Heavy Duty
5.2.5 Passenger Car
5.2.6 Other Automotive

5.3 Industrial

5.3.1 Key Market trends, growth factors and opportunities
5.3.2 Key growth factors and opportunities
5.3.3 Market size and forecast
5.3.4 Metalwork Fluids
5.3.5 Industrial Engine Oils
5.3.6 General Industrial Oils
5.3.7 Others

Chapter: 6 MARKET BY GEOGRAPHY

6.1 Introduction

6.1.1 Market size and forecast

6.2 North America

6.2.1 Key market trends, growth factors and opportunities
6.2.2 Key growth factors and opportunities
6.2.3 Market size and forecast
6.2.4 U.S.
6.2.5 Canada
6.2.6 Mexico

6.3 Europe

6.3.1 Key market trends, growth factors and opportunities
6.3.2 Key growth factors and opportunities
6.3.3 Market size and forecast
6.3.4 France
6.3.5 Germany
6.3.6 Spain
6.3.7 UK
6.3.8 Others

6.4 Asia-Pacific

6.4.1 Key market trends, growth factors and opportunities
6.4.2 Key growth factors and opportunities
6.4.3 Market size and forecast
6.4.4 China
6.4.5 Japan
6.4.6 South Korea
6.4.7 India
6.4.8 Others

6.5 LAMEA

6.5.1 Key market trends, growth factors and opportunities
6.5.2 Key growth factors and opportunities
6.5.3 Market size and forecast
6.5.4 South Africa
6.5.5 Brazil
6.5.6 Others

Chapter: 7 COMPANY PROFILES

7.1 BASF SE

7.1.1 Company overview
7.1.2 Company snapshot
7.1.3 Operating business segments
7.1.4 Business performance
7.1.5 Key strategic moves and developments
7.1.6 SWOT analysis

7.2 Evonik Industries AG

7.2.1 Company overview
7.2.2 Company snapshot
7.2.3 Operating business segments
7.2.4 Business performance
7.2.5 Key strategic moves and developments
7.2.6 SWOT analysis

7.3 Infineum International Limited

7.3.1 Company overview
7.3.2 Company snapshot
7.3.5 Key strategic moves and developments
7.3.6 SWOT analysis

7.4 Chevron Oronite Company LLC

7.4.1 Company overview
7.4.2 Company snapshot
7.4.3 Operating Business Segments
7.4.4 Key strategic moves and developments
7.4.5 SWOT analysis

7.5 Chemtura Corporation

7.5.1 Company overview
7.5.2 Company snapshot
7.5.3 Operating business segments
7.5.4 Business Performance
7.5.5 Key strategic moves and developments
7.5.6 SWOT analysis

7.6 The Lubrizol Corporation

7.6.1 Company overview
7.6.2 Company snapshot
7.6.3 Business performance
7.6.4 Key strategic moves and developments
7.6.5 SWOT analysis

7.7 Croda International PLC

7.7.1 Company overview
7.7.2 Company snapshot
7.7.3 Operating business segments
7.7.4 Business performance
7.7.5 Key strategic moves and developments
7.7.6 SWOT analysis

7.8 Afton Chemical Corporation

7.8.1 Company overview
7.8.2 Company snapshot
7.8.3 Operating business segments
7.8.4 Business Performance
7.8.5 Key strategic moves and developments
7.8.6 SWOT analysis

7.9 VAnderbilt Chemicals LLC

7.9.1 Company overview
7.9.2 Company snapshot
7.9.3 Operating business segments
7.9.4 SWOT analysis

7.10 Rhein Chemie Corporation

7.10.1 Company overview
7.10.2 Company snapshot
7.10.3 Operating business segments
7.10.4 Key strategic moves and developments
7.10.5 SWOT analysis

List of Figures

FIG. 1 TOP IMPACTING FACTORS: MODERATE GROWTH SCENARIO (2022-2027)
FIG. 2 TOP IMPACTING FACTORS: RAPID GROWTH SCENARIO (2022-2027)
FIG. 3 TOP IMPACTING FACTORS: DIMINISHING GROWTH SCENARIO (2022-2027)
FIG. 4 TOP WINNING STRATEGIES IN WORLD MARKET (2015-2022)
FIG. 5 TOP WINNING STRATEGIES IN WORLD MARKET, BY COMPANIES (2015-2022)
FIG. 6 TOP INVESTMENT POCKETS IN WORLD MARKET (2015-2022)
FIG. 7 TOP IMPACTING FACTORS: WORLD MARKET (2016-2022)
FIG. 8 MARKET SHARE ANALYSIS, WORLD MARKET (2015)
FIG. 9 PORTERS FIVE FORCES ANALYSIS
FIG. 10 BASF SE: REVENUE BY YEAR, 2013-2015 ($MILLION)
FIG. 11 BASF SE, REVENUE BY BUSINESS SEGMENTS, 2015 (%)
FIG. 12 BASF SE: REVENUE BY GEOGRAPHY, 2015 (%)
FIG. 13 BASF SE: SWOT ANALYSIS
FIG. 14 EVONIK INDUSTRIES AG: REVENUE BY BUSINESS SEGMENTS, 2015 (%)
FIG. 15 EVONIK INDUSTRIES AG: REVENUE BY GEOGRAPHY, 2015 (%)
FIG. 16 EVONIK INDUSTRIES AG: SWOT ANALYSIS
FIG. 17 INFINEUM INERNATIONAL LIMITED: SWOT ANALYSIS
FIG. 18 CHEVRON ORONITE COMPANY LLC: SWOT ANALYSIS
FIG. 19 CHEMTURA CORPORATION: REVENUE BY YEAR, 2013-2015 ($MILLION)
FIG. 20 CHEMTURA CORPORATION: REVENUE BY BUSINESS SEGMENTS, 2015(%)
FIG. 21 CHEMTURA CORPORATION: REVENUE BY GEOGRAPHY, 2015 (%)
FIG. 22 CHEMTURA CORPORATION: SWOT ANALYSIS
FIG. 23 THE LUBRIZOL CORPORATION: REVENUE BY YEAR, 2013-2014 ($MILLION)
FIG. 24 THE LUBRIZOL CORPORATION: SWOT ANALYSIS
FIG. 25 CRODA INTERNATIONAL PLC: REVENUE BY YEAR, 2013-2015 ($MILLION)
FIG. 26 CRODA INTERNATIONAL PLC: REVENUE BY BUSINESS SEGMENTS, 2015 (%)
FIG. 27 CRODA INTERNATIONAL PLC: REVENUE BY GEOGRAPHY, 2015 (%)
FIG. 28 CRODA INTERNATIONAL PLC: SWOT ANALYSIS
FIG. 29 AFTON CHEMICAL CORPORATION: REVENUE BY YEAR, 2013-2015 ($MILLION)
FIG. 30 AFTON CHEMICAL CORPORATION: REVENUE BY BUSINESS SEGMENTS, 2015 (%)
FIG. 31 AFTON CHEMICAL CORPORATION: REVENUE BY GEOGRAPHY, 2015 (%)
FIG. 32 AFTON CHEMICAL CORPORATION: SWOT ANALYSIS
FIG. 33 VANDERBILT CHEMICALS LLC: SWOT ANALYSIS
FIG. 34 RHEIN CHEMIE CORPORATION: SWOT ANALYSIS

List of Tables

TABLE 1 WORLD LUBRICANT ADDITIVE MARKET REVENUE BY GEOGRAPHY, 2016-2022($MILLION)
TABLE 2 WORLD LUBRICANT ADDITIVE MARKET REVENUE BY GEOGRAPHY, 2016-2022(KILO TONS)
TABLE 3 BASE GROWTH SCENARIO: WORLD MARKET, BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 4 BASE GROWTH SCENARIO: WORLD MARKET, BY GEOGRAPHY, 2015-2022 (KILO TONS)
TABLE 5 OPTIMISTIC GROWTH SCENARIO: WORLD MARKET, BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 6 OPTIMISTIC GROWTH SCENARIO: WORLD MARKET, BY GEOGRAPHY, 2015-2022 (KILO TONS)
TABLE 7 DIMINISHING GROWTH SCENARIO: WORLD MARKET, BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 8 DIMINISHING GROWTH SCENARIO: WORLD MARKET, BY GEOGRAPHY, 2015-2022 (KILO TONS)
TABLE 9 WORLD MARKET, BY TYPE, 2015-2022 (KILO TONS)
TABLE 10 WORLD MARKET, BY TYPE, 2015-2022 ($MILLION)
TABLE 11 WORLD DISPERSANTS LUBRICANT ADDITIVES
MARKET, BY REGION, 2015-2022 (KILO TONS)
TABLE 12 WORLD DISPERSANTS LUBRICANT ADDITIVES MARKET, BY REGION, 2015-2022 ($MILLION)
TABLE 13 WORLD VISCOSITY INDEX IMPROVERS LUBRICANT ADDITIVES MARKET, BY REGION, 2015-2022 (KILO TONS)
TABLE 14 WORLD VISCOSITY INDEX IMPROVERS LUBRICANT ADDITIVES MARKET, BY REGION, 2015-2022 ($MILLION)
TABLE 15 WORLD DETERGANTS LUBRICANT ADDITIVES MARKET, BY REGION, 2015-2022 (KILO TONS)
TABLE 16 WORLD DETERGANTS LUBRICANT ADDITIVES MARKET, BY REGION, 2015-2022 ($MILLION)
TABLE 17 WORLD ANTIWEAR AGENTS LUBRICANT ADDITIVES MARKET, BY REGION, 2015-2022 (KILO TONS)
TABLE 18 WORLD ANTIWEAR AGENTS LUBRICANT ADDITIVES MARKET, BY REGION, 2015-2022 ($MILLION)
TABLE 19 WORLD ANTIOXIDANTS LUBRICANT ADDITIVES MARKET, BY REGION, 2015-2022 (KILO TONS)
TABLE 20 WORLD ANTIOXIDANTS LUBRICANT ADDITIVES MARKET, BY REGION, 2015-2022 ($MILLION)
TABLE 21 WORLD CORROSION INHIBITORS LUBRICANT ADDITIVES MARKET, BY REGION, 2015-2022 (KILO TONS)
TABLE 22 WORLD CORROSION INHIBITORS LUBRICANT ADDITIVES MARKET, BY REGION, 2015-2022 ($MILLION)
TABLE 23 WORLD FRICTION MODIFIERS LUBRICANT ADDITIVES MARKET, BY REGION, 2015-2022 (KILO TONS)
TABLE 24 WORLD FRICTION MODIFIERS LUBRICANT ADDITIVES MARKET, BY REGION, 2015-2022 ($MILLION)
TABLE 25 WORLD EMULSIFIERS LUBRICANT ADDITIVES MARKET, BY REGION, 2015-2022 (KILO TONS)
TABLE 26 WORLD EMULSIFIERS LUBRICANT ADDITIVES MARKET, BY REGION, 2015-2022 ($MILLION)
TABLE 27 WORLD OTHERS LUBRICANT ADDITIVES MARKET, BY REGION, 2015-2022 (KILO TONS)
TABLE 28 WORLD OTHERS LUBRICANT ADDITIVES MARKET, BY REGION, 2015-2022 ($MILLION)
TABLE 29 WORLD MARKET, BY APPLICATION, 2015-2022 (KILO TONS)
TABLE 30 WORLD MARKET, BY APPLICATION, 2015-2022 ($MILLION)
TABLE 31 WORLD
IN AUTOMOTIVE APPLICATION, BY REGION, 2015-2022 (KILO TONS)
TABLE 32 WORLD MARKET IN AUTOMOTIVE APPLICATION, BY REGION, 2015-2022 ($MILLION)
TABLE 33 WORLD MARKET IN AUTOMOTIVE APPLICATION, BY LUBRICANT TYPE, 2015-2022 ($MILLION)
TABLE 34 WORLD MARKET IN INDUSTRIAL APPLICATION, BY REGION, 2015-2022 (KILO TONS)
TABLE 35 WORLD MARKET IN INDUSTRIAL APPLICATION, BY REGION, 2015-2022 ($MILLION)
TABLE 36 WORLD MARKET IN INDUSTRIAL APPLICATION, BY LUBRICANT TYPE, 2015-2022 ($MILLION)
TABLE 37 WORLD MARKET, BY GEOGRAPHY, 2015-2022 (KILO TONS)
TABLE 38 WORLD MARKET, BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 39 NORTH AMERICA ADDITIVES MARKET, BY APPLICATION, 2015-2022 (KILO TONS)
TABLE 40 NORTH AMERICA ADDITIVES MARKET, BY APPLICATION, 2015-2022 ($MILLION)
TABLE 41 NORTH AMERICA LUBRICANT ADDITIVES MARKET, BY TYPE, 2015-2022 (KILO TONS)
TABLE 42 NORTH AMERICA LUBRICANT ADDITIVES MARKET, BY TYPE, 2015-2022 ($MILLION)
TABLE 43 EUROPE ADDITIVES MARKET, BY APPLICATION, 2015-2022 (KILO TONS)
TABLE 44 EUROPE ADDITIVES MARKET, BY APPLICATION, 2015-2022 ($MILLION)
TABLE 45 EUROPE LUBRICANT ADDITIVES MARKET, BY TYPE, 2015-2022 (KILO TONS)
TABLE 46 EUROPE LUBRICANT ADDITIVES MARKET, BY TYPE, 2015-2022 ($MILLION)
TABLE 47 ASIA-PACIFIC ADDITIVES MARKET, BY APPLICATION, 2015-2022 (KILO TONS)
TABLE 48 ASIA-PACIFIC ADDITIVES MARKET, BY APPLICATION, 2015-2022 ($MILLION)
TABLE 49 ASIA-PACIFIC LUBRICANT ADDITIVES MARKET, BY TYPE, 2015-2022 (KILO TONS)
TABLE 50 ASIA-PACIFIC LUBRICANT ADDITIVES MARKET, BY TYPE, 2015-2022 ($MILLION)
TABLE 51 LAMEA ADDITIVES MARKET, BY APPLICATION, 2015-2022 (KILO TONS)
TABLE 52 LAMEA ADDITIVES MARKET, BY APPLICATION, 2015-2022 ($MILLION)
TABLE 53 LAMEA LUBRICANT ADDITIVES MARKET, BY TYPE, 2015-2022 (KILO TONS)
TABLE 54 LAMEA LUBRICANT ADDITIVES MARKET, BY TYPE, 2015-2022 ($MILLION)
TABLE 55 BASF SE SNAPSHOT
TABLE 56 EVONIK INDUSTRIES AG SNAPSHOT
TABLE 57 INFINEUM INTERNATIONAL LIMITED SNAPSHOT
TABLE 58 CHEVRON ORONITE LLC SNAPSHOT
TABLE 59 CHENTURA CORPORATION SNAPSHOT
TABLE 60 THE LUBRIZOL CORPORATION SNAPSHOT
TABLE 61 CRODA INTERNATIONAL PLC SNAPSHOT
TABLE 62 AFTON CHEMICALS CORPORATION SNAPSHOT
TABLE 63 VANDERBILT CHEMICALS LLC SNAPSHOT
TABLE 64 RHEIN CHEMIE CORPORATION SNAPSHOT

 
 

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