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North America Lubricant Additives Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type, and Application

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    Report

  • 114 Pages
  • August 2022
  • Region: North America
  • The Insight Partners
  • ID: 5647364
The North America lubricant additives market is expected to grow from US$ 3,537.82 million by 2021 to US$ 4,540.63 million by 2028; it is estimated to grow at a CAGR of 3.6% from 2021 to 2028.

Lubricants are a few of the key components used in the industrial sector, as they help equipment in operating at peak efficiencies and maximum reliability. Mineral and synthetic lubricants, greases, compressor oils, and cutting fluids are several types of lubricants that are used as additives across the automotive, oil & gas, textile, glass, power generation, paper & pulp, chemicals & petrochemicals, agriculture, manufacturing, food & beverages, and pharmaceuticals industries. Significant investment prospects and restructured business models after the onset of the COVID-19 pandemic are the other key factors that augment the consumption of lubricants and lubricant additives. In July 2021, Algoma Steel Inc. received federal funding worth US$ 420 million to retrofit its operations and phase out coal-fired steel-making processes in Canada. Retrofitting includes installing new machines and equipment wherein synthetic oil and grease are used, which helps in driving the demand for lubricant additives. Thus, the North America lubricant additives market is expected to grow at a notable CAGR during the forecast period.

North America Lubricant Additives Market Segmentation

The North America lubricant additives market is segmented into type, application, and country. Based on type, the market is categorized into dispersants, viscosity index improvers, detergents, antiwear agents, emulsifiers, and others. In 2021, the dispersants segment held the largest market share. Based on application, the market is bifurcated into automotive and industrial. In 2021, the automotive segment held a larger market share. Further, based on country, the North America lubricant additives market is segmented into the US, Mexico, and Canada. The US has contributed a substantial share in 2021.

Evonik Industries AG, the Lubrizol Corporation, LANXESS, Dover Chemical Corporation, Nouryan, EXXON MOBIL CORPORATION, Croda International plc, Chevron Corporation, and BASF SE are among the leading companies operating in the North America lubricant additives market.

Table of Contents

1. Introduction
1.1 Research Report Guidance
1.2 Market Segmentation
1.2.1 North America Lubricant Additives Market, by Type
1.2.2 North America Lubricant Additives Market, by Application
1.2.3 North America Lubricant Additives Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. North America 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 Expert Opinion
4.4 Ecosystem Analysis
4.4.1 Raw Material Suppliers
4.4.2 Manufacturers
4.4.3 Distributors/Suppliers
4.4.4 End-User Industries
5. North America Lubricant Additives Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Flourishing Automotive Sector
5.1.2 Rapid Industrial Growth
5.2 Market Restraints
5.2.1 Stringent Government Policies Regarding Application of Lubricant Additives
5.3 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 Restraints
6. Lubricant Additives -North America Market Analysis
6.1 Lubricant Additives Market -Revenue and Forecast to 2028
7. North America 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. North America 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. North America Lubricant Additives Market - Country Analysis
9.1 North America: Lubricant Additives Market
9.1.1 North America: Lubricant Additives Market, by Key Country
9.1.1.1 US: Lubricant Additives Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 US: Lubricant Additives Market, by Type
9.1.1.1.2 US: Lubricant Additives Market, by Application
9.1.1.2 Canada: Lubricant Additives Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Canada: Lubricant Additives Market, by Type
9.1.1.2.2 Canada: Lubricant Additives Market, by Application
9.1.1.3 Mexico: Lubricant Additives Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Mexico : Lubricant Additives Market, by Type
9.1.1.3.2 Mexico: Lubricant Additives Market, by Application
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
11. Company Profiles
11.1 Evonik Industries AG
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 The Lubrizol Corporation
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 LANXESS
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Dover Chemical Corporation
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Nouryon
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 EXXON MOBIL CORPORATION
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Croda International plc
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Chevron Corporation
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 BASF SE
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About the Publisher
12.2 Glossary of Terms
List of Figures
Figure 1. North America Lubricant Additives Market Segmentation
Figure 2. North America Lubricant Additives Market Segmentation - By Country
Figure 3. North America Lubricant Additives Market Overview
Figure 4. North America Lubricant Additives Market, By Application
Figure 5. North America Lubricant Additives Market, by Country
Figure 6. North America Porter's Five Forces Analysis
Figure 7. North America Expert Opinion
Figure 8. North America Ecosystem Chain: Lubricant Additives
Figure 9. North America Lubricant Additives Market Impact Analysis of Drivers and Restraints
Figure 10. North America Lubricant Additives Market - Revenue and Forecast to 2028 (US$ Million)
Figure 11. North America Lubricant Additives Market Revenue Share, By Type (2020 and 2028)
Figure 12. North America Dispersants: Lubricant Additives Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 13. North America Viscosity Index Improvers: Lubricant Additives Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 14. North America Detergents: Lubricant Additives Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 15. North America Antiwear Agent: Lubricant Additives Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 16. North America Emulsifiers: Lubricant Additives Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 17. North America Others: Lubricant Additives Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 18. North America Lubricant Additives Market Revenue Share, By Application (2020 and 2028)
Figure 19. North America Automotive : Lubricant Additives Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 20. North America Industrial : Lubricant Additives Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 21. North America: Lubricant Additives Market Revenue Share, by Key Country (2020 and 2028)
Figure 22. US: Lubricant Additives Market -Revenue and Forecast to 2028 (US$ Million)
Figure 23. Canada: Lubricant Additives Market -Revenue and Forecast to 2028 (US$ Million)
Figure 24. Mexico: Lubricant Additives Market -Revenue and Forecast to 2028 (US$ Million)
List of Tables
Table 1. North America Lubricant Additives Market -Revenue and Forecast to 2028 (US$ Million)
Table 2. US Lubricant Additives Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 3. US Lubricant Additives Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 4. Canada Lubricant Additives Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 5. Canada Lubricant Additives Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 6. Mexico Lubricant Additives Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 7. Mexico Lubricant Additives Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 8. Glossary of Terms, Global Lubricant Additives Market

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.
  • Dover Chemical Corporation.
  • Nouryan.
  • EXXON MOBIL CORPORATION.
  • Croda international plc.
  • Chevron Corporation.
  • BASF SE.

Table Information