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Engine Oil Additives Market: By Type, By Fuel Type, By End User and Region Forecast 2019-2030
Engine Oil Additives Market size was valued at US$ 12.05 billion in 2023 and is anticipated to grow at US$ 15.49 billion in 2030 at a CAGR of 5.2% from 2024-2030. Increasing production of automobiles and demand for conventional and synthetic products are the key factors driving this industry. Over the past years, automotive vehicle sales have shown a constant rise as a result of the growing population and consumer spending capacity. All moving parts in any industry require lubrication mainly used in small electric motor bearings hence lubricant additives used in engine oils are high in demand which will help in expanding the market size of the market. Hence, increasing demand for engine oil additives from automobile industries is fueling the market growth. Engine oil additives are chemical substances that are used to increase the performance of engine oils.
When paired with other additions, additives are chosen for their ability to achieve specific objectives. They're made to function with a specific base oil and for a specific application. Among the most frequent types of functional additives include antioxidants, dispersants, detergents, anti-wear agents, viscosity modifiers, demulsifiers, and extreme-pressure additives. Engine oil's most common end-use application is in automobiles. Engine oil additives are also utilized in a wide range of industrial applications, including metalworking fluids, industrial engine oils, and so on. The global market is surging owing to frequent acquisitions and launches by the market players. For Instance, in Jan 2019, BASF expanded its business by increasing the production capacity of antioxidants for lubricants. The capacity expansions address the growing demand for antioxidants from the increasing number of vehicles in Asia and the increasing global demand for long-life lubricant additives.
Study Period
2025-2031Base Year
2024CAGR
5.2%Largest Market
Asia-PacificFastest Growing Market
North-America
Increase in demand for fuel efficient vehicles, implementation of stringent emission norms especially for vehicles, rise in demand for engine oil additives in automobile and machinery industries and high growth in emerging economies are some key factors influencing the market growth. However, factors such as rising demand for battery operated vehicles (BEVs) may restrict the market growth.
Report Benchmarks |
Details |
Report Study Period |
2025-2031 |
Market Size in 2023 |
US$ 12.05 billion |
Market Size in 2030 |
US$ 15.49 billion |
Market CAGR |
5.2% |
By Type |
|
By Fuel Type |
|
By End User |
|
By Region |
|
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The engine oil additives market was valued at US$ 12.05 billion in 2023 and is anticipated to grow to US$ 15.49 billion in 2030, at a CAGR of 5.2% from 2024-2030.
The market key players are: Afton Chemical BASF SE Croda International Plc. Lucas Oil ProductsInc. Lubrizol Multisol Chevron Corporation Evonik Industries Infineum International Limited. BRB International
The market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
1. Executive Summary |
2. Global Engine Oil Additives Market Introduction |
2.1.Global Engine Oil Additives Market - Taxonomy |
2.2.Global Engine Oil Additives Market - Definitions |
2.2.1.Type |
2.2.2.Fuel Type |
2.2.3.End Users |
2.2.4.Region |
3. Global Engine Oil Additives Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4. Global Engine Oil Additives Market Analysis, 2020 - 2024 and Forecast 2025 - 2031 |
4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Engine Oil Additives Market By Type , 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
5.1. Anti-Oxidants |
5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Dispersants |
5.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
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, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Corrosion Inhibitors |
5.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. Friction Modifiers |
5.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
5.6. Antiwear Additives |
5.6.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.6.3. Market Opportunity Analysis |
5.7. VI Improvers |
5.7.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.7.3. Market Opportunity Analysis |
6. Global Engine Oil Additives Market By Fuel Type, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
6.1. Diesel |
6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Gasoline |
6.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Gas |
6.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
7. Global Engine Oil Additives Market By End Users, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
7.1. Passenger car |
7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Commercial vehicles |
7.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Motorcycles |
7.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Others |
7.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
8. Global Engine Oil Additives Market By Region, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
8.1. North America |
8.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Europe |
8.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Asia Pacific (APAC) |
8.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Middle East and Africa (MEA) |
8.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Latin America |
8.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
9. North America Engine Oil Additives Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
9.1. Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.1.1.Anti-Oxidants |
9.1.2.Dispersants |
9.1.3.Detergents |
9.1.4.Corrosion Inhibitors |
9.1.5.Friction Modifiers |
9.1.6.Antiwear Additives |
9.1.7.VI Improvers |
9.2. Fuel Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.2.1.Diesel |
9.2.2.Gasoline |
9.2.3.Gas |
9.3. End Users Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.3.1.Passenger car |
9.3.2.Commercial vehicles |
9.3.3.Motorcycles |
9.3.4.Others |
9.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.4.1.United States of America (USA) |
9.4.2.Canada |
10. Europe Engine Oil Additives Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Anti-Oxidants |
10.1.2.Dispersants |
10.1.3.Detergents |
10.1.4.Corrosion Inhibitors |
10.1.5.Friction Modifiers |
10.1.6.Antiwear Additives |
10.1.7.VI Improvers |
10.2. Fuel Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Diesel |
10.2.2.Gasoline |
10.2.3.Gas |
10.3. End Users Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Passenger car |
10.3.2.Commercial vehicles |
10.3.3.Motorcycles |
10.3.4.Others |
10.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Germany |
10.4.2.France |
10.4.3.Italy |
10.4.4.United Kingdom (UK) |
10.4.5.Spain |
10.4.6.Rest of EU |
11. Asia Pacific (APAC) Engine Oil Additives Market, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Anti-Oxidants |
11.1.2.Dispersants |
11.1.3.Detergents |
11.1.4.Corrosion Inhibitors |
11.1.5.Friction Modifiers |
11.1.6.Antiwear Additives |
11.1.7.VI Improvers |
11.2. Fuel Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Diesel |
11.2.2.Gasoline |
11.2.3.Gas |
11.3. End Users Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Passenger car |
11.3.2.Commercial vehicles |
11.3.3.Motorcycles |
11.3.4.Others |
11.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.China |
11.4.2.India |
11.4.3.Australia and New Zealand (ANZ) |
11.4.4.Japan |
11.4.5.Rest of APAC |
12. Middle East and Africa (MEA) Engine Oil Additives Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Anti-Oxidants |
12.1.2.Dispersants |
12.1.3.Detergents |
12.1.4.Corrosion Inhibitors |
12.1.5.Friction Modifiers |
12.1.6.Antiwear Additives |
12.1.7.VI Improvers |
12.2. Fuel Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Diesel |
12.2.2.Gasoline |
12.2.3.Gas |
12.3. End Users Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Passenger car |
12.3.2.Commercial vehicles |
12.3.3.Motorcycles |
12.3.4.Others |
12.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.GCC Countries |
12.4.2.South Africa |
12.4.3.Rest of MEA |
13. Latin America Engine Oil Additives Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
13.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Anti-Oxidants |
13.1.2.Dispersants |
13.1.3.Detergents |
13.1.4.Corrosion Inhibitors |
13.1.5.Friction Modifiers |
13.1.6.Antiwear Additives |
13.1.7.VI Improvers |
13.2. Fuel Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Diesel |
13.2.2.Gasoline |
13.2.3.Gas |
13.3. End Users Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Passenger car |
13.3.2.Commercial vehicles |
13.3.3.Motorcycles |
13.3.4.Others |
13.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Brazil |
13.4.2.Mexico |
13.4.3.Rest of LA |
14. Competition Landscape |
14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
14.2.1.Afton Chemical |
14.2.2.BASF SE |
14.2.3.Croda International Plc. |
14.2.4.Lucas Oil ProductsInc. |
14.2.5.Lubrizol |
14.2.6.Multisol |
14.2.7.Chevron Corporation |
14.2.8.Evonik Industries |
14.2.9.Infineum International Limited. |
14.2.10.BRB International |
15. Research Methodology |
16. Appendix and Abbreviations |
Key Market Players