Lubricant Antioxidant Market

Lubricant Antioxidant Market Study by Primary, Antioxidants, and Multifunctional Antioxidants for Automotive & Transportation, Industrial, and Speciality & Fuels from 2023 to 2033

Analysis of Lubricant Antioxidant Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Lubricant Antioxidant Market Outlook (2023 to 2033)

The global lubricant antioxidant market is valued at US$ 1.92 billion in 2023, as per the latest study published by Fact.MR. Over the assessment period (2023 to 2033), worldwide demand for lubricant antioxidants is projected to rise at a CAGR of 3.7% and reach a market size of US$ 2.76 billion by 2033-end.

Growing industrialization in several developing countries is predicted to lead to the increased use of equipment and machinery, which is further boosting the demand for lubricant antioxidants for the protection of machines. Multiple safety and environmental regulations are imposed to boost the development and adoption of environmentally friendly and more efficient lubricant antioxidants. This also leads to the conduction of R&D activities by players to match set regulations.

Key Market Growth Drivers

  • Imposition of stringent emission control regulations along with high fuel economy standards is predicted to lead to higher demand for lubricant antioxidants from the automotive sector.
  • Lubricant antioxidants play a vital role in improving the durability of engines by forming protective layers on engine parts. Demand for lubricant antioxidants is projected to increase with a growing concentration on preventive maintenance.

Aging infrastructure, including industrial machinery and vehicles, especially in developed countries is generating requirements for regular maintenance facilities. The application of lubricant antioxidants helps extend their operational life. Moreover, globalization is fueling the demand for lubricant antioxidants as an essential part of multiple industrial processes and transportation.

Growing demand for efficient machinery from the energy sector is anticipated to contribute to market growth. Moreover, emerging automotive trends, including the rise of hybrid vehicles and electric vehicles, are projected to positively impact the demand for lubricant antioxidants.

Extreme weather conditions in a few regions are estimated to directly impact the performance of vehicles and machinery. This further necessitates the adoption of some specialized lubricant antioxidants.

Fluctuations in the prices of raw materials used in the production of lubricant antioxidants are forecasted to lead to increased production costs, thus boosting the overall expenditure. These constant fluctuations are predicted to adversely impact market growth opportunities.

Report Attributes Details
Lubricant Antioxidant Market Size (2022A) US$ 1.85 Billion
Estimated Market Value (2023E) US$ 1.92 Billion
Forecasted Market Value (2033F) US$ 2.76 Billion
Global Market Growth Rate (2023 to 2033) 3.7% CAGR
Key End-use Sector Automotive
Key Companies Profiled
  • Afton Chemical
  • Lubrizol
  • Infineum
  • Chevron Oronite Company
  • Songwon Industrial Group
  • Evonik
  • ENI
  • Jinzhou Kangtai Lubricant Additives
  • Wuxi South Petroleum Additive
  • ADEKA Corporation
  • SI Group
  • OXIRIS Chemicals S. A.

Why are Sales of Lubricant Antioxidants Increasing Steadily?

“Rising Vehicle Production and Need for Ensuring Reliable and Efficient Vehicle Operation”

Growth of the automotive sector is predicted to have a positive impact on the demand for lubricant antioxidants. The pivotal role of lubricant antioxidants in ensuring vehicles' reliable and efficient operation is predicted to widen opportunities for players. In recent years, the production of vehicles has increased to match global requirements.

Demand for lubricant antioxidants is gaining importance as many trucks, cars, and other vehicles roll off assembly lines. Lubricants are pivotal in reducing wear, heat, and friction in engines and many other mechanical components. These antioxidant additives are used extensively to enhance the longevity and performance of engines.

Majority of automakers aim to extend the maintenance intervals for vehicles. These automotive lubricants ensure the quality of drivetrain components and engines for a longer duration. This is estimated to reduce the frequency of maintenance and oil changes and offer economical solutions.

“Increasing Machinery Use Driving Demand for Lubricants for Preventing Wear and Tear”

Growing pace of industrialization, especially across developing countries, is projected to boost demand for lubricant antioxidants. This phenomenon reflects a trend of economic development, urbanization, and increased manufacturing activities. Many developing countries are undergoing rapid industrialization, including infrastructure development projects, industrial complexes, and the establishment of manufacturing plants. These end-use sectors rely heavily on equipment and machinery to support their operations.

Extensive use of machinery in the industrial sector is estimated to result in continuous wear and tear at the mechanical level. The heat and friction generated during machine operations are predicted to lead to reduced efficiency, premature component degradation, and costly downtime. Lubricant antioxidants are employed for the mitigation of these issues and provide a protective barrier in moving parts. They are also employed for the prevention of oxidative breakdown and degradation.

Lubricant antioxidants are essential for increasing operational efficiency, safeguarding machinery, ensuring compliance with safety and environmental regulations, and extending equipment lifespan.

Lubricant Antioxidant Market Size, Share, Trends, Growth, Demand and Sales Forecast Report by Fact.MR

What issues Should Manufacturers of Lubricant Antioxidants Work On?

“Stringent Regulations on Use of Synthetic Lubricant Antioxidants and Price Fluctuations”

Poor oxidation stability of multiple natural lubricant oxidants is estimated to limit their demand in the next ten years. Stringent regulations are imposed against the use of synthetic lubricant antioxidants, which are also projected to hamper product demand. In addition, constant fluctuations in the prices of raw materials are also projected to adversely impact their demand.

What Strategies by Start-ups are Contributing to Market Growth?

“Emphasis on Improvements in Automotive Lubricant Specifications”

Growing use of biofuel, longer lubricant drain intervals, development in engine technology, and improvement in automotive lubricant specification are predicted to encourage start-ups to manufacture more efficient lubricant antioxidants. These newly developed products are projected to boost opportunities for new entrants in the coming decade.

Country-wise Insights

Asia Pacific is predicted to account for a significant share of the global market revenue, according to Fact.MR, a market research and competitive intelligence provider. The rising demand for lubricant antioxidants is attributed to their prevention of foam formation and deposits in engine oil.

Europe and North America are mature economies, and therefore, the demand for lubricant antioxidants is projected to increase at a moderate pace. The growing inclination to bio-based coolants is forecasted to contribute to regional market growth.

Why are Suppliers of Lubricant Antioxidants Attracted to the United States?

“Increasing Emphasis on Using Bio-based Lubricants”

The lubricant antioxidant market in the United States is predicted to expand at a moderate pace. Implementation of stringent regulations to handle and dispose of lubricants is leading to the rising inclination for bio-based lubricants that is bolstering demand for non-traditional lubricant antioxidants.

Which Countries in Asia Pacific are Profitable Markets for Lubricant Antioxidant Producers?

“Rising Vehicle Production Driving Sales of Lubricant Antioxidants in India, Japan, and China”

India, China, and Japan are key regional markets in Asia Pacific. Adoption of fuel efficiency norms that are linked with growing environmental concerns related to carbon emissions is predicted to boost demand for lubricant antioxidants in these countries. In addition, economic growth along with rapid industrialization is leading to increased manufacturing and possession of vehicles.

Category-wise Insights

Worldwide demand for primary lubricant antioxidants is increasing due to their high-performance features. In addition, the automotive segment is projected to hold a noticeable share of the lubricant antioxidant market, owing to the imposition of stringent regulations and consumer’s inclination toward low-thickness fuel.

Which Factors are Contributing to Rising Use of Primary Antioxidants?

“High Demand for Primary Lubricants Due to Their Improved Performance Characteristics”

Growing use of multiple types of primary antioxidants, including aminic, and phenolic antioxidants, in lubricants is owing to their improved performance characteristics. A higher additive treatment rate and greater oxidation control compared to secondary antioxidants are contributing to rising sales.

High standards and fuel efficiency regulations in the automotive sector are generating requirements to improve lubricant performance. Therefore, the feature of primary lubricant antioxidants to offer greater oxidation control and performance is propelling their demand.

Why is the Automotive Sector a Key Contributor to the Sales of Lubricant Antioxidants?

“Need for Operationally Efficient and Low-thickness Fuel in Automobiles”

The automotive segment holds a significant share of the market in 2023. Implementation of EURO norms is leading to the regulation of the amount of carbon monoxide, hydrocarbons, nitrogen oxide, and soot emitted from vehicles. Consumers’ rising preference for low-thickness and operationally efficient fuel is fueling sales of lubricant antioxidants.

Market Competition

Manufacturers of lubricant antioxidants are investing in new developments, ensuring quality control of products, and efficient management of supply chain systems. Product launches, collaborations, etc., are some strategies adopted by players to enhance their profit share and expand their reach across regions.

For instance :

  • Lanxess Aktiengesellschaft, in April 2019, announced the launch of a new organic lubricant additive, named Additin RC 3502. This is launched for application in several high-performance automotive engine oils. This newly developed additive is predicted to deliver sustained performance and anti-wear protection with reduced friction in different types of passenger cars.
  • BASF SE, in January 2019, expanded its capacity for the production of lubricant antioxidants in Puebla (Mexico).

BASF SE, Afton Chemical, Lubrizol, Infineum, Chevron Oronite Company, Songwon Industrial Group, Evonik, ENI, Jinzhou Kangtai Lubricant Additives, LANXESS, Wuxi South Petroleum Additive, ADEKA Corporation, SI Group, and OXIRIS Chemicals S. A. are prominent players in the lubricant antioxidant market.

Segmentation of Lubricant Antioxidant Market Research

  • By Type :

    • Primary Antioxidants
      • Aminic
      • Phenolic
    • Secondary Antioxidants
      • Phosphite
      • Thioester
    • Multifunctional Antioxidants
  • By Form :

    • Solid
    • Liquid
  • By Application :

    • Automotive & Transportation
      • Gasoline Engine Oils
      • Diesel Engine Oils
      • ATF
      • Gear & Axle Oils
    • Industrial
      • Compressor Oils
      • Hydraulic Oils
      • Metalworking Fluids
      • Turbine Oils
    • Speciality & Fuels
      • Greases
      • Synthetic Base Oils
      • Vegetable Oils
      • Fuels
  • By Region :

    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

- FAQs -

What was the valuation of the lubricant antioxidant market in 2022?

The global lubricant antioxidant market was pegged at US$ 1.85 billion in 2022.

What is the sales value of lubricant antioxidants in 2023?

Worldwide sales of lubricant antioxidants are estimated at US$ 1.92 billion in 2023.

What is the demand projection for lubricant antioxidants by 2033?

Global demand for lubricant antioxidants is forecasted to reach a valuation of US$ 2.76 billion by 2033-end.

At what rate are the sales of lubricant antioxidants predicted to increase?

Sales of lubricant antioxidants are projected to rise at 3.7% CAGR through 2033.

Which end-use sector is set to contribute substantially to global market revenue?

The automotive segment is projected to hold a leading share of the market by 2033.

What are natural antioxidants?

Natural antioxidants are major phenolics that generally occur in several parts of plants, including vegetables, fruits, seeds, nuts, roots, bark, and leaves.

Lubricant Antioxidant Market

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