Lubricant Additives Market Valuable Growth Prospects and Upcoming Trends till 2030

Held the largest market share in 2020, accounting for over one-fourth of the total revenue, owing to their essential role in both automotive and industrial.

WILMINGTON, DE, UNITED STATES, February 20, 2025 /EINPresswire.com/ -- The global lubricant additives market, valued at $18.3 billion in 2020, is projected to reach $31.3 billion by 2030, growing at a CAGR of 3.7% from 2021 to 2030. The market growth is driven by increasing demand from the automotive industry and stringent environmental regulations on emissions. However, fluctuating crude oil prices pose a challenge, while emerging opportunities in developing economies offer promising growth potential.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/1405

Market Segmentation:

By Type:

- Dispersants – Held the largest market share in 2020, accounting for over one-fourth of the total revenue, owing to their essential role in both automotive and industrial applications.

- Antioxidants – Expected to witness the highest CAGR of 4.7% from 2021 to 2030, due to their ability to enhance the oxidative resistance of base oils and improve lubricant performance at high temperatures.

By Application:

- Automotive Lubricant Additives – Dominated the market in 2020, contributing to more than two-thirds of total revenue, driven by increased vehicle production and advancements in the automotive sector.

- Industrial Lubricant Additives – Projected to grow at a CAGR of 4.0% from 2021 to 2030, supported by rapid industrialization and the increasing demand for energy-efficient lubricant solutions.

Regional Insights:

- Asia-Pacific, followed by LAMEA and North America, led the market in 2020, accounting for over one-third of total revenue. The region is anticipated to experience the fastest growth, with a CAGR of 3.9% during the forecast period, driven by a strong presence of key manufacturers and a vast consumer base.

Key Market Players:

- BASF SE

- Evonik Industries AG

- Infineum International Limited

- Chevron Oronite Company LLC

- Chemtura Corporation

- The Lubrizol Corporation

- Croda International PLC

- Afton Chemical Corporation

- Vanderbilt Chemicals LLC

- Rhein Chemie Corporation

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐏𝐫𝐨𝐜𝐮𝐫𝐢𝐧𝐠 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐕𝐢𝐬𝐢𝐭 𝐇𝐞𝐫𝐞: https://www.alliedmarketresearch.com/lubricant-additives-market/purchase-options

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