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Lubricant Antioxidants Market

Lubricant Antioxidants Market

Lubricant Antioxidants Market Forecast, Trend Analysis & Competition Tracking - Global Review 2018 - 2028

Lubricant Antioxidants Market
FACT3466MR

In Brief

  • Lubricant antioxidants market revenues grew at a CAGR of 2.4% during 2013-2017. Global demand for non-depleting lubricant antioxidants that improve the long-term performance of lubricants and greases continued to surge during this period, creating challenges for manufacturers.
  • Lubricant antioxidants market revenues reached US$ 1.6 billion in 2018 on back of growing focus on improving the efficiency and expanding the lifespan of lubricants.
  • The lubricant antioxidants market is set to witness 3% y-o-y in 2019 over 2018. The long-term outlook on the market is also bullish, with our estimates suggesting a CAGR of 3.6% between 2018 and 2028.
  • East Asia is likely to remain the leading market for lubricant antioxidants, as leading chemical companies and lubricant manufacturers continue to invest heavily in China to capitalize on increasing industrial growth in the country.
  • Middle East & Africa (MEA) is expected to emerge as a high-growth market for lubricant antioxidants during the assessment period, with our estimates suggesting a CAGR of 4.8% through 2028.

global lubricant antioxidant market snapshot

What are the Key Growth Drivers of Lubricant Antioxidants Market?

  • Imposition of emission control regulations and high fuel economy standards has led to higher demand from the automotive industry.
  • Lubricant antioxidants play an important role in improving the durability and lifespan of engines by forming a protective layers upon engine parts. As focus on preventive maintenance grows, demand for lubricant antioxidants and other materials has witnessed a steady surge.
  • The fortunes of lubricant antioxidants industry are dependent on broader developments in lubricant production – in recent years, global lubricant production has remained steady, creating sizeable opportunities for lubricant antioxidants industry.

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What are the Key Challenges in the Lubricant Antioxidants Market?

  • Changing regulatory frameworks and environmental legislation implemented for mitigating the consequent effects of lubricant specifications can increase the cost pressure on lubricant antioxidant manufacturers.
  • Constantly evolving fuel economy standards and the development cycle of new automotive oils will require constant modifications in lubricant antioxidant specifications to ensure compatibility with new materials.
  • Lubricant antioxidants are among the most expensive lubricant additives. High investments required for the application of lubricant antioxidants technology make it pricey for end-users, which in turn, is restricting widespread adoption.
  • Steadily declining applications of lubricant antioxidants in specialty oils and fuels is likely to negatively impact the growth of the lubricant antioxidants market in the coming future.

Lubricant Antioxidants Market – Competitive Landscape

lubricant antioxidant market strategy benchmark by tier

  • In June 2018, BASF SE – a German chemical company – announced that it has entered a distribution agreement with Chemroy Canada, Inc. – a Canadian distributor of specialty chemicals and raw materials – to handle its portfolio of lubricant additives, including lubricant antioxidants and surfactants in Canada. BASF aims to capitalize on Chemroy’s industry expertise and flexibility to meet customers’ changing needs and expand its distributors’ network in Canada.
  • In December 2018, Songwon Industrial Group – a South Korean chemical company – announced that it has introduced its new lubricant antioxidant – SONGNOX® 5057, to expand and add economic value to its existing portfolio of phenolic, aminic, thioester, and phosphite antioxidants, and stabilizers. SONGNOX 5057 is a liquid butylated octylated aminic antioxidant, which can be used to address diverse customer needs in polyurethane applications. The company also declared that the new lubricant antioxidant is developed at its facility in Ulsan, South Korea, and this enables SONGNOX to support customers worldwide, including in Asia, which is a high growth market for lubricant antioxidants.
  • In April 2019, Lanxess Aktiengesellschaft – a German specialty chemical company and a leading player in the lubricant antioxidants market – announced that it has introduced a new, organic lubricant additive – Additin RC 3502 – for high-performance automotive engine oils. The company proclaims that the new lubricant additive can deliver anti-wear protection and sustained performance combined with reduced friction in passenger cars.

Leading players in the lubricant antioxidants market include BASF SE, Lubrizol, Chevron Oronite Company (Chevron), Afton Chemical, Infineum (ExxonMobil), Songwon Industrial Group, ENI, Evonik, LANXESS, Jinzhou Kangtai Lubricant Additives, Wuxi South Petroleum Additive, SI Group (acquired by SK Capital), ADEKA Corporation, and OXIRIS Chemicals S. A.

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Automotive Industry Drives Demand for Primary Lubricant Antioxidants

Growing emphasis on the importance of antioxidants in lubricants, especially in automotive lubricants, has been contributing to the steadily increasing applications of both primary and secondary variants.

However, primary antioxidants for lubricants, which are also known as radical scavengers, continue to remain sought-after, especially in the automotive industry.

global lubricant antioxidant market incremental opportunity assessment

Increasing use of primary antioxidants, such as aminic and phenolic antioxidants, in lubricants is mainly attributed to their improved performance characteristics, such as greater oxidation control and higher additive treat rates than secondary antioxidants.

Primary antioxidants also play an important role in modern automotive lubricants as tightening fuel efficiency regulations and high standards have created a need for improving the performance of lubricants against oxidation.

Thereby, as primary lubricant antioxidants offer multifold greater performance and oxidation control than secondary antioxidants, an upsurge in demand for aminic and phenolic antioxidants is likely to persist in the coming future.

Scope of the Report

global lubricant antioxidant market taxonomy

An Adaptive Approach to Modern-day Research Needs

Research Methodology

A robust research methodology used during the course of the Fact.MR report to analyze growth of the global lubricant antioxidants market to provide readers with exclusive and actionable market insights. This study is backed by a two-step research process which is inclusive of various primary and secondary resources.

The information featured in the lubricant antioxidants market report is acquired through in-depth secondary and primary market research on the lubricant antioxidants market. The primary research methodology involves interactions with industry leaders and experts of lubricant antioxidants industry.

Secondary research provides valuable data about the lubricant antioxidants market which is acquired through diverse resources such as trade journals, press releases, company annual reports, paid resources, and other publications relevant to lubricant antioxidants. Qualitative conclusions about the growth of the lubricant antioxidants market can be reached after studying industry-validated information about the lubricant antioxidants market.

The “Lubricant Antioxidants Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2018-2028” is a comprehensive report published by Fact.MR that assesses the prominent growth parameters of lubricant antioxidants market. The report features the information acquired on assessing information and facts about lubricant antioxidants market through an extensive market research.

This is Fact.MR’s latest report on lubricant antioxidants market that unveils the unique facts about the market explained in terms of quantitative and qualitative information. The market report contains the detailed explanation on growth of the lubricant antioxidants market and its market dynamics to justify the claims made by analysts in the Fact.MR study.

With the help of growth indicators, such as compound annual growth rate (CAGR), supply chain analysis, Y-o-Y growth, and value chain analysis, the report provides information on future growth prospects of the lubricant antioxidants market.

Chapter 1 – Executive Summary

This chapter provides the outlook of key growth prospects as a results of thorough analysis on the lubricant antioxidants market. It also provides quick insights on the summary of global lubricant antioxidants demand and supply across the world.

Chapter 2 – Market Overview

Definition of lubricant antioxidants market is included in this chapter along with a detailed introduction to lubricant antioxidants market with the help of the market structure. This chapter offers an information on prospects the lubricant antioxidants market will grow during 2018-2028 in terms of value (US$ billion) and volume.

Chapter 3 – Key Market Trends

This chapter provides thorough information about key trends in the lubricant antioxidants market and how these trends will influence prospects of the market in coming future.

Chapter 4 – Market Background

With the help of the outlook of the chemical industry, the lubricants industry, as well as the lubricant additives industry, this chapter explains its effect on the market for lubricant antioxidants.

The chapter also provides insights on growth of the antioxidants industry and the automotive industry to offer unique information about the demand for lubricant antioxidants. This chapter also includes information about other micro and macroeconomic factors that will influence the growth of the lubricant antioxidants market during 2018-2028.

The chapter also shed lights on current industry trends in the lubricant antioxidants industry and analysis on adoption of lubricant antioxidants across various industrial sectors to help readers in understanding various other factors that can influence growth of the lubricant antioxidants market.

This chapter includes market dynamics, Porter’s five forces analysis supply chain analysis, regional price point analysis, and value chain analysis.

Chapter 5 – Global Lubricant Antioxidants Market Demand and Value Analysis 2013-2017 and Forecast, 2018-2028

This chapter processes information about historic growth parameters and future prospects of the lubricant antioxidants market in terms of value (US$ million) and volume. The chapter also provides information about Y-o-Y growth trend analysis for the forecast period 2018-2028.

Chapter 6 – Global Lubricant Antioxidants Market - Pricing Analysis

In this chapter, readers can find thorough analysis of the lubricant antioxidants pricing depending on types, regions, and pricing break-up through 2028, along with the information associated with factors that are affecting pricing of lubricant antioxidants available across the world.

Chapter 7 - Global Lubricant Antioxidants Market Analysis 2013-2017 and Forecast, 2018-2028, by Type

This chapter explains how growth prospects of the lubricant antioxidants market will change based on its types, such as primary (animic and phenolic) and secondary (phosphite and thioester).

Chapter 8 – Global Lubricant Antioxidants Market Analysis 2013-2017 and Forecast 2018-2028, by Form

This chapter explains how growth prospects of the lubricant antioxidants market change based on the form of lubricant antioxidants, which can be either solid or liquid.

Chapter 9 – Global Lubricant Antioxidants Market Analysis 2013-2017 and Forecast 2018-2028, by Application

This chapter explains how growth prospects of the lubricant antioxidants market change based on applications, which include toothpaste and mouthwash.

Chapter 10 – Global Lubricant Antioxidants Market Analysis 2013-2017 and Forecast 2018-2028, by Region

This chapter explains how growth prospects of the lubricant antioxidants market change based on geographical regions, such as North America, Latin America, Europe, East Asia, South Asia and Oceania, and the Middle East and Africa.

Chapter 11 – North America Lubricant Antioxidants Market Analysis 2013-2017 and Forecast 2018-2028

In this chapter, information on how lubricant antioxidants market will grow in North American region during 2018-2028 is included. Readers can also find growth prospects of the North America lubricant antioxidants market in the United States and Canada in terms of market value (US$ billion) and volume by 2028.

Chapter 12 – Latin America Lubricant Antioxidants Market Analysis 2013-2017 and Forecast 2018-2028

Information about growth of the lubricant antioxidants market in Latin American region during 2018-2028 is featured in this chapter. Growth prospects of the lubricant antioxidants market in Latin America in terms of market value (US$ billion) and volume by 2028 are also included. The market value assessment by country, including Brazil, Argentina, and Mexico, is featured in the chapter.

Chapter 13 – Europe Lubricant Antioxidants Market Analysis 2013-2017 and Forecast 2018-2028

Readers can also find growth prospects of the lubricant antioxidants market in Europe, based on the estimates on market value (US$ billion) and volume by 2028.

Readers can find critical growth prospects of the lubricant antioxidants market in the leading countries in Europe such as Germany, France, UK, Spain, Italy, BENELUX, NORDICS, and Eastern Europe.

Chapter 14 – South Asia and Oceania Lubricant antioxidants Market Analysis 2013-2017 and Forecast 2018-2028

Readers can also find growth prospects of the lubricant antioxidants market in South Asia, based on the estimates on market value (US$ billion) and volume by 2028. Readers can find critical growth prospects of the lubricant antioxidants market in the leading South Asian countries, including India and ASEAN countries, and ANZ.

Chapter 15 – East Asia Excluding India Lubricant antioxidants Market Analysis 2013-2017 and Forecast 2018-2028

Readers can also find growth prospects of the lubricant antioxidants market in East Asia, based on the estimates on market value (US$ billion) and volume by 2028. Readers can find critical growth prospects of the lubricant antioxidants market in the leading East Asian countries, including China, Japan, and South Korea.

Chapter 16 – Middle East and Africa Lubricant antioxidants Market Analysis 2013-2017 and Forecast 2018-2028

This chapter focusses on growth prospects of the lubricant antioxidants market in the Middle East and Africa region, based on the estimates on market value (US$ billion) and volume by 2028.

This chapter provides readers with detailed information on growth of the lubricant antioxidants market in major countries in MEA region, such as GCC Countries, Turkey, and South Africa, during the forecast period.

Chapter 17 – Emerging Countries Lubricant antioxidants Market Analysis 2013-2017 and Forecast 2018-2028

This chapter analyzes growth of the lubricant antioxidants market in emerging countries, such as China, India, and Mexico.

Chapter 18 – Market Structure Analysis

This chapter also provides critical information about lubricant antioxidants market structure, financial share analysis key financials, and competitive developments of each stakeholder in the lubricant antioxidants market. This can help them to comprehend insights about the competitive landscape in the lubricant antioxidants market with information about leading and emerging stakeholders in the market.

Chapter 19 – Competition Analysis

Leading players in the lubricant antioxidants market include BASF SE, Lubrizol, Chevron Oronite Company (Chevron), Afton Chemical, Infineum (ExxonMobil), Songwon Industrial Group, ENI, Evonik, LANXESS, Jinzhou Kangtai Lubricant Additives, Wuxi South Petroleum Additive, SI Group (acquired by SK Capital), ADEKA Corporation, and OXIRIS Chemicals S. A.

Chapter 20 – Assumption and Acronyms Used

Important acronyms and assumptions are featured in the last chapter of the Fact.MR report on lubricant antioxidants market, which can help readers to ensure to appropriate understanding of the information featured in the report.

Chapter 21 – Research Methodology

Important information about the research methodology is featured in this chapter.

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Is the market research conducted by Fact.MR?

Yes, the report on the radiation proctitis treatment industry has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.