Global Lubricating Oil Additives Market to Reach $25.6 Billion by 2030
The global market for Lubricating Oil Additives estimated at US$16.6 Billion in the year 2022, is projected to reach a revised size of US$25.6 Billion by 2030, growing at a CAGR of 5.6% over the analysis period 2022-2030. Dispersants, one of the segments analyzed in the report, is projected to record 5% CAGR and reach US$6.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Viscosity Index Improvers segment is readjusted to a revised 4.9% CAGR for the next 8-year period.The U.S. Market is Estimated at $4.5 Billion, While China is Forecast to Grow at 8% CAGR
The Lubricating Oil Additives market in the U.S. is estimated at US$4.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$5.1 Billion by the year 2030 trailing a CAGR of 8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.Select Competitors (Total 43 Featured) -
- Afton Chemical
- BASF SE
- BRB International
- Chevron Corporation
- Croda International PLC
- Dorfketal Chemicals (I) Pvt Ltd
- Dover Chemical Corporation
- Evonik Industries AG
- Infineum International Limited
- King Industries Inc.
- Lanxess
- Multisol
- R.T. Vanderbilt Holding Company, Inc.
- Shepherd Chemical
- The Elco Corporation
- The Lubrizol Corporation
- Wuxi South Petroleum Additives Co., Ltd.
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- Global competitiveness and key competitor percentage market shares
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Afton Chemical
- BASF SE
- BRB International
- Chevron Corporation
- Croda International PLC
- Dorfketal Chemicals (I) Pvt Ltd
- Dover Chemical Corporation
- Evonik Industries AG
- Infineum International Limited
- King Industries Inc.
- Lanxess
- Multisol
- R.T. Vanderbilt Holding Company, Inc.
- Shepherd Chemical
- The Elco Corporation
- The Lubrizol Corporation
- Wuxi South Petroleum Additives Co., Ltd.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 94 |
Published | March 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 16.6 Billion |
Forecasted Market Value ( USD | $ 25.6 Billion |
Compound Annual Growth Rate | 5.6% |
Regions Covered | Global |