- Dispersants
- Viscosity index improvers
- Detergents
- Anti-wear agents
- Antioxidants
- Corrosion inhibitors
- Friction modifiers
- Emulsifiers
- Others
North America Lubricant Additives Market size was valued at USD 3,537.65 million in 2023 and is poised to grow at a CAGR of 4.3% from 2023-2030. The market is being driven mainly by high growth in developing nations along with efforts toward fuel economy. 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, the growing automotive industry, and improved emission regulations in conjunction with fuel economy standards are driving the market growth. The North American market is characterized by the presence of a large number of players. Companies are thriving on various applications of tactics such as mergers, acquisitions, 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 portfolio and help in further expansion. Lanxess, meanwhile, manages to take over Chemtura which will boost its additives market. Lubricant additives 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 to develop superior products that adhere to environmental regulations as well as consumer expectations. Additives play a significant role in base oil blending and subsequent formulations as they are critical materials in improving the 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 American market.
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.
Country Analysis
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
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, 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 start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
North America Lubricants Additive Market Segmentation
By Product Type
By Application
- Automotive lubricants
- Industrial lubricants
By Country
- U.S.
- Canada
Frequently Asked Questions
2023 is the base year and 2030 is the forecast year.
The north america lubricants additive market report covers the market data: United States, Canada
The north america lubricants additive market key players are Chevron Corp, Afton Chemical Corporation, The Lubrizol Corporation, Infineum International Limited
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, 2019 - 2023 and Forecast, 2023 - 2030
4.1. Market Analysis, 2019 - 2023 and Forecast, 2023 - 2030 (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, 2019 - 2023 and Forecast, 2023 - 2030
5.1. Dispersants
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2023 - 2030 (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, 2019 - 2023 and Forecast, 2023 - 2030 (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, 2019 - 2023 and Forecast, 2023 - 2030 (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, 2019 - 2023 and Forecast, 2023 - 2030 (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, 2019 - 2023 and Forecast, 2023 - 2030 (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, 2019 - 2023 and Forecast, 2023 - 2030 (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, 2019 - 2023 and Forecast, 2023 - 2030 (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, 2019 - 2023 and Forecast, 2023 - 2030 (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, 2019 - 2023 and Forecast, 2023 - 2030
6.1. Automotive Lubricants
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2023 - 2030 (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, 2019 - 2023 and Forecast, 2023 - 2030 (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, 2019 - 2023 and Forecast, 2023 - 2030
7.1. U.S
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2023 - 2030 (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, 2019 - 2023 and Forecast, 2023 - 2030 (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, 2019 - 2023 and Forecast, 2023 - 2030
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, 2019 - 2023 and Forecast, 2023 - 2030
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
- 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.