Germany Lubricant Additives Market Size & Outlook
Germany lubricant additives market, 2018-2030 (US$M)
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Germany lubricant additives market highlights
- The Germany lubricant additives market generated a revenue of USD 485.6 million in 2023 and is expected to reach USD 638.2 million by 2030.
- The Germany market is expected to grow at a CAGR of 4% 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.
Lubricant additives market data book summary
| Market revenue in 2023 | USD 485.6 million |
| Market revenue in 2030 | USD 638.2 million |
| Growth rate | 4% (CAGR from 2023 to 2030) |
| Largest segment | Viscosity index improvers |
| Fastest growing segment | Friction Modifiers |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Germany accounted for 2.7% of the global lubricant additives market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Russia lubricant additives market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 352.7 million by 2030.
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Lubricant Additives Market Scope
Lubricant Additives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 22.82% in 2023. Horizon Databook has segmented the Germany 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.
Germany has displayed highest penetration of synthetic and semi-synthetic lubricants over past few years on account of lucrative opportunities in high performance vehicles category. Additionally, Germany also accounts for the largest market share in passenger & commercial vehicles manufacturing among all EU nations.
This factor drives the lubricant additives market in automotive applications. Additionally, stringent fuel & carbon emission regulations such as the German Environmental Protection Agency are promoting lightweight materials in automobiles in order to reduce weight & improve the overall efficiency & performance of these vehicles.
Rise in export of German passenger and commercial vehicles has subsequently boosted the demand of viscosity index improver and dispersant lubricants in the market. Additionally, Germany has also become one of the largest hub for international automotive.
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Our clientele includes a mix of lubricant additives market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany lubricant additives market , including forecasts for subscribers. This country databook contains high-level insights into Germany lubricant additives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany lubricant additives market size, by product, 2018-2030 (US$M)
Germany Lubricant Additives Market Outlook Share, 2023 & 2030 (US$M)
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