+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Americas Lubricant Additives Market to 2028 - COVID-19 Impact and Americas Analysis - by Type, Application

  • PDF Icon

    Report

  • 132 Pages
  • April 2022
  • Region: Latin America, North America
  • The Insight Partners
  • ID: 5598040
The Americas lubricant additives market size was valued at US$ 4,674.9 million in 2021 and is projected to reach US$ 5,922.8 million by 2028. It is expected to grow at a CAGR of 3.4% from 2021 to 2028.



The automotive sector in the Americas has witnessed tremendous growth in the last decade and is expected to rise steadily during the forecast period as well. As per the data of Organisation Internationale des Constructeurs d'Automobiles (OICA), the American countries recorded the production of over ~16.2 million commercial and passenger cars in 2010, and the production levels increased by more than 23% in 2019, reporting the annual and production of over ~20 million commercial and passenger vehicles. The COVID-19 pandemic significantly affected the growth of the automotive sector in 2020 and 2021 due to nationwide lockdowns and decreased investments. However, the sector is expected to gradually reach its pre-COVID growth performance levels by FY 2022-2023. Ease in travel restrictions and the consequent rise in transportation activities, and mass vaccination programs conducted in 2021 have aided the automotive sector, thus fueling automobile sales. Further, as per a report by the OICA, this sector has recorded the positive growth of ~5% in 2021 compared to 2020. Numerous automotive companies are investing heavily in manufacturing capabilities to increase production and sales. For instance, in July 2021, Maruti Suzuki India Ltd. announced an investment worth US$ 2.42 billion in a new manufacturing facility in Haryana, India, which is expected to manufacture ~1 million units annually. A surge in automobile manufacturing is boosting the demand for lubricants, thereby driving the Americas lubricant additives market.

With increasing regulatory pressure on improving the fuel efficiency of vehicles and reducing greenhouse gas (GHG) emissions, there has been a remarkable development in lubricating oil formulations. For instance, in December 2021, US Environmental Protection Agency (EPA) finalized revised national GHG emissions standards for passenger cars and light trucks for Model Years is about to manufacture during 2023-2026. The final standards will significantly reduce GHG emissions and other critical pollutants, which will lead to substantial public health and welfare benefits while providing consumers with savings from lower fuel costs. Thus, the growing automotive sector and stringent government policies for reducing GHG emissions are driving the Americas lubricant additives market.

The COVID-19 pandemic hampered the operations of the chemicals & materials sector. Disruption of supply chains and difficulties in procuring raw materials hindered the Americas lubricant additives market performance to some extent in 2020. However, the market started recovering gradually from this challenge and regaining its operations to normalcy from 2021. The increasing pace of COVID-19 vaccination drives, and spurring demand for food and beverages are subsequently driving the Americas lubricant additives market growth.

Evonik Industries Ag; The Lubrizol Corporation; LANXESS; Rose Mill Co., Aerospace Lubricants, Inc.; Tamco Lubrificantes; Mol-Lub Kft.; Dover Chemical Corporation; Nouryon; and Exxon Mobil Corporation are the key lubricant additives manufacturers in the Americas.

The size of the Americas lubricant additives market has been derived using primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. Participants of this process include VPs, business development managers, market intelligence managers, national sales managers, and external consultants - such as valuation experts, research analysts, and key opinion leaders - among other industry experts specializing in the Americas lubricant additives market.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.3 Data Collection
3.4 Primary Interviews
3.5 Hypothesis Formulation
3.6 Macro-economic Factor Analysis
3.7 Developing Base Number
3.8 Data Triangulation
3.9 Country Level Data
4. Americas Lubricant Additives Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Lubricant Additives Market - Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Growing Automobile Sector:
5.1.2 Rapid Industrial Growth:
5.2 Key Market Restraints
5.2.1 Stringent Government Policies on Application of Lubricant Additives:
5.3 Key Market Opportunities
5.3.1 Increasing Demand for Lubricants from Wind Energy Sector:
5.4 Future Trends
5.4.1 Growing Demand for Synthetic Lubricants
5.5 Impact Analysis of Drivers and Restraint
6. Lubricant Additives - Americas Market Analysis
6.1 Lubricant Additives Market Overview
6.2 Lubricant Additives Market - Revenue and Forecast to 2028
6.3 Competitive Positioning - Key Market Players
7. Lubricant Additives Market Analysis - By Type
7.1 Overview
7.2 Lubricant Additives Market, By Type (2020 and 2028)
7.3 Dispersants
7.3.1 Overview
7.3.2 Dispersants: Lubricant Additives Market - Revenue and Forecast to 2028 (US$ Mn)
7.4 Viscosity Index Improvers
7.4.1 Overview
7.4.2 Viscosity Index Improvers: Lubricant Additives Market - Revenue and Forecast to 2028 (US$ Mn)
7.5 Detergents
7.5.1 Overview
7.5.2 Detergents: Lubricant Additives Market - Revenue and Forecast to 2028 (US$ Mn)
7.6 Antiwear Agent
7.6.1 Overview
7.6.2 Antiwear Agent: Lubricant Additives Market - Revenue and Forecast to 2028 (US$ Mn)
7.7 Emulsifiers
7.7.1 Overview
7.7.2 Emulsifiers: Lubricant Additives Market - Revenue and Forecast to 2028 (US$ Mn)
7.8 Others
7.8.1 Overview
7.8.2 Others: Lubricant Additives Market - Revenue and Forecast to 2028 (US$ Mn)
8. Lubricant Additives Market Analysis - By Application
8.1 Overview
8.2 Lubricant Additives Market, By Application (2020 and 2028)
8.3 Automotive
8.3.1 Overview
8.3.2 Automotive : Lubricant Additives Market - Revenue and Forecast to 2028 (US$ Mn)
8.4 Industrial
8.4.1 Overview
8.4.2 Industrial : Lubricant Additives Market - Revenue and Forecast to 2028 (US$ Mn)
9. Lubricant Additives Market - Geographic Analysis
9.1 Overview
9.2 North America: Lubricant Additives Market
9.2.1 North America: Lubricant Additives Market - Revenue and Forecast to 2028 (US$ Million)
9.2.2 North America: Lubricant Additives Market, by Type
9.2.3 North America: Lubricant Additives Market, by Application
9.2.4 North America: Lubricant Additives Market, by Key Country
9.2.4.1 US: Lubricant Additives Market - Revenue and Forecast to 2028 (US$ Million)
9.2.4.1.1 US: Lubricant Additives Market, by Type
9.2.4.1.2 US: Lubricant Additives Market, by Application
9.2.4.2 Canada: Lubricant Additives Market - Revenue and Forecast to 2028 (US$ Million)
9.2.4.2.1 Canada: Lubricant Additives Market, by Type
9.2.4.2.2 Canada: Lubricant Additives Market, by Application
9.2.4.3 Mexico: Lubricant Additives Market - Revenue and Forecast to 2028 (US$ Million)
9.2.4.3.1 Mexico : Lubricant Additives Market, by Type
9.2.4.3.2 Mexico: Lubricant Additives Market, by Application
9.3 South and Central America: Lubricant Additives Market
9.3.1 South and Central America: Lubricant Additives Market - Revenue and Forecast to 2028 (US$ Million)
9.3.2 South and Central America: Lubricant Additives Market, by Type
9.3.3 South and Central America: Lubricant Additives Market, by Application
9.3.4 South and Central America: Lubricant Additives Market, by Key Country
9.3.4.1 Brazil: Lubricant Additives Market - Revenue and Forecast to 2028 (US$ Million)
9.3.4.1.1 Brazil: Lubricant Additives Market, by Type
9.3.4.1.2 Brazil: Lubricant Additives Market, by Application
9.3.4.2 Argentina: Lubricant Additives Market - Revenue and Forecast to 2028 (US$ Million)
9.3.4.2.1 Argentina: Lubricant Additives Market, by Type
9.3.4.2.2 Argentina: Lubricant Additives Market, by Application
9.3.4.3 Rest of South and Central America: Lubricant Additives Market - Revenue and Forecast to 2028 (US$ Million)
9.3.4.3.1 Rest of South and Central America: Lubricant Additives Market, by Type
9.3.4.3.2 Rest of South and Central America: Lubricant Additives Market, by Application
10. Impact of COVID-19
10.1 Overview - Impact of COVID-19
10.2 Impact of COVID-19 on Lubricant Additives Market
10.3 North America: Impact Assessment of COVID-19 Pandemic
10.4 South America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. Company Profiles
12.1 Evonik Industries AG
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 The Lubrizol Corporation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 LANXESS
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Rose Mill Co.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Aerospace Lubricants, Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Tamco Lubrificantes
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Mol-lub Kft.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Dover Chemical Corporation
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Nouryon
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 EXXON MOBIL CORPORATION
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About the Analyst
13.2 Glossary of Terms
List of Tables
Table 1. Lubricant Additives Market -Revenue and Forecast to 2028 (US$ Million)
Table 2. Americas Lubricant Additives Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 3. Americas Lubricant Additives Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 4. North America Lubricant Additives Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 5. North America Lubricant Additives Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 6. US Lubricant Additives Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 7. US Lubricant Additives Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 8. Canada Lubricant Additives Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 9. Canada Lubricant Additives Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 10. Mexico Lubricant Additives Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 11. Mexico Lubricant Additives Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 12. South and Central America Lubricant Additives Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 13. South and Central America Lubricant Additives Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 14. Brazil Lubricant Additives Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 15. Brazil Lubricant Additives Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 16. Argentina Lubricant Additives Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 17. Argentina Lubricant Additives Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of South and Central America Lubricant Additives Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of South and Central America Lubricant Additives Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 20. Glossary of Terms, Americas Lubricant Additives Market
List of Figures
Figure 1. Americas Lubricant Additives Market Segmentation
Figure 2. Lubricant Additives Market Segmentation - By Geography
Figure 3. Americas Lubricant Additives Market Overview
Figure 4. Lubricant Additives Market, By Application
Figure 5. Lubricant Additives Market, By Geography
Figure 6. Americas Lubricant Additives Market, Industry Landscape
Figure 7. Porter's Five Forces Analysis
Figure 8. Lubricant Additives Market - Ecosystem
Figure 9. Expert Opinion
Figure 10. Lubricant Additives Market Impact Analysis of Drivers and Restraints
Figure 11. Geographic Overview of Lubricant Additives Market
Figure 12. Americas: Lubricant Additives Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. Lubricant Additives Market Revenue Share, By Type (2020 and 2028)
Figure 14. Dispersants: Lubricant Additives Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 15. Viscosity Index Improvers: Lubricant Additives Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 16. Detergents: Lubricant Additives Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 17. Antiwear Agent: Lubricant Additives Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 18. Emulsifiers: Lubricant Additives Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 19. Others: Lubricant Additives Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 20. Lubricant Additives Market Revenue Share, By Application (2020 and 2028)
Figure 21. Automotive : Lubricant Additives Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 22. Industrial : Lubricant Additives Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 23. Americas Lubricant Additives Market Revenue Share, by Region (2020 and 2028)
Figure 24. North America: Lubricant Additives Market - Revenue and Forecast to 2028 (US$ Million)
Figure 25. North America: Lubricant Additives Market Revenue Share, by Type (2020 and 2028)
Figure 26. North America: Lubricant Additives Market Revenue Share, by Application (2020 and 2028)
Figure 27. North America: Lubricant Additives Market Revenue Share, by Key Country (2020 and 2028)
Figure 28. US: Lubricant Additives Market -Revenue and Forecast to 2028 (US$ Million)
Figure 29. Canada: Lubricant Additives Market -Revenue and Forecast to 2028 (US$ Million)
Figure 30. Mexico: Lubricant Additives Market -Revenue and Forecast to 2028 (US$ Million)
Figure 31. South and Central America: Lubricant Additives Market - Revenue and Forecast to 2028 (US$ Million)
Figure 32. South and Central America: Lubricant Additives Market Revenue Share, by Type (2020 and 2028)
Figure 33. South and Central America: Lubricant Additives Market Revenue Share, by Application (2020 and 2028)
Figure 34. South and Central America: Lubricant Additives Market Revenue Share, by Key Country (2020 and 2028)
Figure 35. Brazil: Lubricant Additives Market -Revenue and Forecast to 2028 (US$ Million)
Figure 36. Argentina: Lubricant Additives Market -Revenue and Forecast to 2028 (US$ Million)
Figure 37. Rest of South and Central America: Lubricant Additives Market -Revenue and Forecast to 2028 (US$ Million)
Figure 38. Impact of COVID-19 Pandemic on Lubricant Additives Market in North America
Figure 39. Impact of COVID-19 Pandemic on Lubricant Additives in South America

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Evonik Industries AG
  • The Lubrizol Corporation
  • LANXESS
  • Rose Mill Co.
  • Aerospace Lubricants, Inc.
  • Tamco Lubrificantes
  • Mol-lub Kft.
  • Dover Chemical Corporation
  • Nouryon
  • EXXON MOBIL CORPORATION

Table Information