Global Lubricant Additives Market Size & Outlook
Global lubricant additives market, 2018-2030 (US$M)
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Global lubricant additives market highlights
- The global lubricant additives market generated a revenue of USD 17,681.3 million in 2023 and is expected to reach USD 23,534.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.2% by 2030.
- In terms of segment, viscosity index improvers accounted for a revenue of USD 4,049.1 million in 2023.
- Friction Modifiers is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Egypt is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 17,681.3 million |
| Market revenue in 2030 | USD 23,534.7 million |
| Growth rate | 4.2% (CAGR from 2023 to 2030) |
| Largest segment | Viscosity index improvers |
| Fastest growing segment | Friction Modifiers |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Dispersants, Viscosity Index Improvers, Detergents, Anti-wear Additives, Antioxidants, Friction Modifiers |
Other key industry trends
- In terms of revenue, the North America accounted for 26.3% of the global lubricant additives market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Egypt is the fastest growing regional market and is projected to reach USD 100.9 million by 2030.
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Lubricant Additives Market Scope
Lubricant Additives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global lubricant additives market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to lubricant additives market will help companies and investors design strategic landscapes.
Viscosity index improvers was the largest segment with a revenue share of 22.9% in 2023. Horizon Databook has segmented the Global lubricant additives market based on dispersants, viscosity index improvers, detergents, anti-wear additives, antioxidants, friction modifiers covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Lubricant Additives Product Outlook (Revenue, USD Million, 2018-2030)
- Dispersants
- Viscosity Index Improvers
- Detergents
- Anti-wear Additives
- Antioxidants
- Friction Modifiers
- Others
- Global Lubricant Additives Application Outlook (Revenue, USD Million, 2018-2030)
- Automotive Lubricants
- Heavy Duty Motor Oil
- Passenger Car Motor Oil
- Others
- Industrial Lubricants
- General Industrial Oil
- Industrial Engine Oil
- Metalworking Fluids
- Others
- Automotive Lubricants
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Horizon Databook provides a detailed overview of global-level data and insights on the Global lubricant additives market , including forecasts for subscribers. This global databook contains high-level insights into Global lubricant additives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global lubricant additives market size, by regions, 2018-2030 (US$M)
Top 10 countries: Lubricant additives market size, 2023 (US$M)
Global lubricant additives market share, by product, 2023 & 2030 (%, US$M)
Lubricant additives market: Opportunity assessment by country
Global lubricant additives market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 4,123.5 | 4,263.4 | 4,228.1 | 4,359.1 | 4,502.2 | 4,650.4 | 4,805.5 | 4,966.2 | 5,130.6 | 5,300.8 | 5,475.0 | 5,655.3 | 5,839.8 | 3.3% |
| Europe | 2,789.6 | 2,929.2 | 2,923.3 | 3,038.2 | 3,161.4 | 3,288.0 | 3,418.0 | 3,551.6 | 3,687.3 | 3,826.5 | 3,967.9 | 4,113.0 | 4,260.0 | 3.8% |
| Asia Pacific | 4,982.9 | 5,258.2 | 5,308.4 | 5,574.9 | 5,864.4 | 6,168.3 | 6,487.2 | 6,822.0 | 7,170.7 | 7,536.5 | 7,917.4 | 8,316.9 | 8,732.7 | 5.1% |
| Latin America | 1,291.7 | 1,350.5 | 1,347.9 | 1,404.8 | 1,464.9 | 1,527.5 | 1,590.9 | 1,657.0 | 1,725.2 | 1,796.3 | 1,869.7 | 1,946.2 | 2,025.1 | 4.1% |
| MEA | 1,755.7 | 1,830.2 | 1,827.2 | 1,894.4 | 1,969.3 | 2,047.2 | 2,128.1 | 2,212.3 | 2,298.9 | 2,389.0 | 2,481.7 | 2,578.0 | 2,677.1 | 3.9% |
| Overall | 14,943.4 | 15,631.5 | 15,634.9 | 16,271.4 | 16,962.2 | 17,681.3 | 18,429.8 | 19,209.0 | 20,012.6 | 20,849.2 | 21,711.6 | 22,609.3 | 23,534.7 | 4.2% |
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