Kuwait Lubricant Additives Market Size & Outlook
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Kuwait lubricant additives market highlights
- The Kuwait lubricant additives market generated a revenue of USD 65.7 million in 2023 and is expected to reach USD 80.4 million by 2030.
- The Kuwait market is expected to grow at a CAGR of 2.9% 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 65.7 million |
| Market revenue in 2030 | USD 80.4 million |
| Growth rate | 2.9% (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, Kuwait accounted for 0.4% 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 Middle East & Africa, Saudi Arabia lubricant additives market is projected to lead the regional market in terms of revenue in 2030.
- Oman is the fastest growing regional market in Middle East & Africa and is projected to reach USD 131.7 million by 2030.
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Lubricant Additives Market Scope
Lubricant Additives Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Brother Industries Ltd | View profile | 44925 | 15-1, Naeshiro-cho, Mizuho-ku, Nagoya, Japan, 467-8561 | http://www.brother.com |
| Berkshire Hathaway Inc Class A | View profile | 396500 | 3555 Farnam Street, Omaha, NE, United States, 68131 | https://www.berkshirehathaway.com |
| Croda International PLC | View profile | 5852 | Cowick Hall, Snaith, Goole, East Yorkshire, United Kingdom, DN14 9AA | https://www.croda.com |
| Lanxess AG | View profile | 12621 | Kennedyplatz 1, Cologne, Germany, 50569 | https://www.lanxess.com |
| Chevron Corp | View profile | 45600 | 6001 Bollinger Canyon Road, San Ramon, CA, United States, 94583-2324 | https://www.chevron.com |
| Evonik Industries AG | View profile | 33409 | Rellinghauser Strasse 1-11, Essen, NW, Germany, 45128 | https://www.evonik.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
Kuwait 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 22.68% in 2023. Horizon Databook has segmented the Kuwait 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.
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Target buyers of Kuwait lubricant additives market databook
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Our clientele includes a mix of lubricant additives market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 country-level data and insights on the Kuwait lubricant additives market , including forecasts for subscribers. This country databook contains high-level insights into Kuwait lubricant additives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Kuwait lubricant additives market size, by product, 2018-2030 (US$M)
Kuwait Lubricant Additives Market Outlook Share, 2023 & 2030 (US$M)
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