Asia Pacific Lubricant Additives Market Size & Outlook
Asia Pacific lubricant additives market, 2018-2030 (US$M)
Related Markets
Asia Pacific lubricant additives market highlights
- The Asia Pacific lubricant additives market generated a revenue of USD 6,168.3 million in 2023.
- The market is expected to grow at a CAGR of 5.1% from 2024 to 2030.
- In terms of segment, viscosity index improvers was the largest revenue generating product in 2023.
- Friction Modifiers is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 6,168.3 million |
| Market revenue in 2030 | USD 8,732.7 million |
| Growth rate | 5.1% (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 |
| Key market players worldwide | Basf SE, Lanxess AG, Chevron Corp, Croda International PLC, Evonik Industries AG, Berkshire Hathaway Inc Class A, Brother Industries Ltd |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 34.9% of the global lubricant additives market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 8,732.7 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Lubricant Additives Market Scope
Lubricant Additives Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific 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 22.93% in 2023. Horizon Databook has segmented the Asia Pacific 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.
Asia Pacific is characterized by a large amount of skilled labor at low costs, along with easy availability of land and resources. The shift in production landscape towards emerging economies of Asia Pacific, particularly China, India, Thailand, Vietnam and Indonesia is expected to positively influence lubricant additives market growth over the forecast period.
Increasing number of passenger cars, increased disposable income and stringent environmental regulations have resulted in significant growth in Asia Pacific lubricant additives market. Governmental initiatives such as the ‘Make in India’ program is likely to encourage domestic production of various consumer and industrial products over the forecast period.
This in turn is likely to influence the demand for lightweight cars, alternative building and industrial materials with improved performance of finished lubricants. Growing automotive sector in the region would fuel the consumption of lubricant additives.
Reasons to subscribe to Asia Pacific lubricant additives market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Asia Pacific lubricant additives market databook
-
Our clientele includes a mix of lubricant additives market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific lubricant additives market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific lubricant additives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific lubricant additives market size, by country, 2018-2030 (US$M)
Asia Pacific Lubricant Additives Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
