"Innovative Market Solutions to Help Businesses Make Informed Decisions"

Engine Oil Additives Market Size, Share, and COVID-19 Impact Analysis, By Type (Anti-Wear Agents, Anti-Oxidants, Viscosity Index Improvers, EP Additives, Detergents, Corrosion Inhibitors, Dispersants, and Others), By End-use (Industrial and Automotive), and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI106753 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

Engine oil additive is a substance that is combined with engine oil to boost engine performance and prevent it from failure. Engine oil additives are chemical substances that are mixed with the basic engine oil to give it new properties or improve existing ones. There are several types of additives available, including viscosity index improvers, which stabilize the engine oil and allow it to remain effective over a wide temperature range.


Antioxidants help to slow down the oxidation process and the production of deposits, which keeps the engine clean and extends the life of the engine oil while detergents aid to prevent rust on the vehicle's parts. Engine oil additive types are classified as anti-wear agents, anti-oxidants, viscosity index improvers, ep additives, detergents, corrosion inhibitors, dispersants, and others depending on their function. Viscosity Index (VI) Improvers are large-sized polymer additives that are employed in the mixing of multi-grade motor oils. They also aid to minimize oil viscosity loss. Following are three basic functions of additives:


  • Antioxidants, corrosion inhibitors, anti-foam agents, and demulsifying agents can all be used to improve the quality of the current base oil.

  • Pour-point depressants and VI improvers can be used to mask unfavorable base oil qualities.

  • Extreme Pressure (EP) additives, metal deactivators, detergents, and tackiness agents can give base oils additional qualities.


With rising demand for engine oils, engine oil additives are in high demand. As all operating equipment in any sector requires lubrication, lubricant additives used in engine oils are in high demand, which further assists in the engine oil additives market growth.

Impact of COVID-19 on the Engine Oil Additives Market


Considering the halt in transportation and industrial activity, stakeholders across the lubricants value chain (including raw material suppliers, lubricant players, contract/toll manufacturers, channel partners, and customers) have witnessed a major impact as a result of the pandemic. Worker shortages, global travel restrictions, and a disrupted supply chain were just a few of the issues wreaking havoc. Despite the fact that factories continued to operate, delay in raw material deliveries and little to no supply of manufactured goods left no choice but to limit production and lower capacity utilization.

Key Insights


The report covers the following key insights:


  • Regulatory scenario of engine oil additives

  • Key development of engine oil additives

  • Government initiatives to promote engine oil additives

  • Impact of COVID-19 on the market


Analysis by End-use


On the basis of end-use, the market is segmented into industrial and automotive.


  • Engine oil additives distinguish oil products for heavy-duty, railroad, motorbike, and passenger-car engines in the industry.

  • Engine oil additives increase energy efficiency and productivity of industrial lubricants used in maintaining manufacturing equipment and engines.


Regional Analysis


To gain extensive insights into the market, Request for Customization


The global engine oil additives market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is the dominant market attributed to the rising demand from the industrial sector. North America is one of the key markets for engine oil additives due to the presence of numerous manufacturers. Europe is expected to show moderate growth attributed to the growth in the automotive sector. Latin America and the Middle East & Africa are projected to register a comparatively higher CAGR by the end of the estimated period.

Key Players Covered


The report includes the profiles of key players such as BASF SE, LANXESS, Evonik, Lubrizol Corporation, Croda International Plc, Royal Dutch Shell, Infineum International Ltd, and others.

Segmentation
















By Type


By End-use


By Geography



  • Anti-Oxidants

  • Anti-Wear Agents

  • Viscosity Index Improvers

  • EP Additives

  • Detergents

  • Corrosion Inhibitors

  • Dispersants

  • Others




  • Industrial

  • Automotive




  • North America (U.S. and Canada)

  • Europe (Germany, France, Italy, U.K., and Rest of Europe)

  • Asia Pacific (China, India, Japan, ASEAN, and Rest of APAC)

  • Middle East & Africa (GCC, South Africa, and Rest of MEA)

  • Latin America (Brazil, Mexico, and Rest of LATAM)



Key Industry Developments



  • In November 2021, Evonik's Oil Additives business unit restructured its product distribution in Greece, announcing Brenntag Bulgaria EOOD as its new distribution partner.

  • In February 2021, BASF announced an increase in prices for BASF's lubricant components portfolio (lubricant oil additives and base stocks) by up to 10% internationally. The price adjustment was due to increased raw material and logistics expenses.





  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Chemicals & Materials Clients

Mckinsey
Petronas
UBS
Citibank
3M

Client Testimonials

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X