Lubricant Additives

Lubricant Production and Performance Specifications Strongly Impact Demand for Lubricant Additives

Growth will be buoyed by continued gains in lubricant production, particularly for automotive and industrial engine oils and hydraulic fluids. However, market maturity and introduction of higher value products that can be used at lower treat rates will restrain further increases.

Key Findings in the Lubricant Additives Study:

Deposit Control Additives to Remain the Largest Product Type Through 2022

Deposit control additives are expected to remain the largest product category for lubricant additives, boosted by updated OEM and emission standards, as well as the introduction of high-performance engine technologies, require more effective deposit control. The best opportunities for deposit control additives will be seen for heavy-duty diesel and industrial engine oils.

Diesel and Industrial Engine Oils to Provide the Best Opportunities

Along with deposit control additives, demand for diesel engine lubricant additives will benefit from rising treat rates in response to the recently introduced PC-11 specifications, in particular antioxidants and friction modifiers. Growth in lubricant production will also boost demand. The rising use of reduced-sulfur marine fuels in response to increasingly stringent environmental regulations will support demand for deposit control, antiwear, and extreme pressure additives in industrial engine oils.

Metalworking Fluids Will Experience Declines Through 2022

Demand for lubricant additives in metalworking fluids is projected to decline, with losses exacerbated by falling production of metalworking fluids resulting from the uptake of fluid-saving technologies. In addition, health concerns surrounding the use of biocides in metalworking fluids will work to restrain demand.

Study Coverage

This industry study presents historical demand (2007, 2012, and 2017) and forecasts for 2022 by product (deposit control additives, viscosity modifiers, antiwear and extreme pressure additives, friction modifiers, antioxidants, corrosion inhibitors, emulsifiers, and other lubricant additives) and by market (automotive – engine oils and transmission and other automotive lubricants; industrial – metalworking fluids, industrial engine oils, and hydraulic fluids and other industrial lubricants). The study also evaluates company market share and analyzes industry competitors including Afton Chemical, BASF, Chevron Oronite, Evonik Industries, Infineum, Italmatch, Lubrizol, and Vanderbilt Chemical.

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Table of Contents

EXECUTIVE SUMMARY

ADDITIVES OVERVIEW

Key Findings

Scope

Factors Impacting Lubricant Additive Demand

Historical Trends

Pricing Trends

Environmental & Regulatory Issues

Federal Regulations

Environmentally Friendly Lubricants

Electric Vehicles

Alternative Fuel Vehicles

Metalworking Fluids

Other Environmental & Regulatory Issues

Technology

Overview

Motor Vehicle Technology

Industrial Machinery Technology

International Activity

Foreign Trade

Exports

Imports

LUBRICANTS INDUSTRY OUTLOOK

Key Findings

Lubricant Trends Impacting the Additives Industry

Finished Lubricant Demand Forecast

Finished Lubricant Production Forecast

Automotive Lubricants

Industrial Lubricants

Lubricant Formulations

Formulation Comparisons & Demand

Petroleum-Based

Nonconventional Lubricants

Motor Vehicle Lubricant Specifications

Passenger Cars

Diesel Engine Oil Specifications

PRODUCTS

Key Findings

Product Classifications

Demand by Product

Deposit Control Additives

Deposit Control Additives: Scope

Deposit Control Additives: Demand Forecast

Deposit Control Additives: Dispersants

Deposit Control Additives: Detergents

Deposit Control Additives: Selected Suppliers

Viscosity Modifiers

Viscosity Modifiers: Scope

Viscosity Modifiers: Demand Forecast

Viscosity Modifiers: Selected Suppliers

Antiwear & Extreme Pressure Additives

Antiwear & Extreme Pressure Additives: Scope

Antiwear & Extreme Pressure Additives: Demand Forecast

Antiwear & Extreme Pressure Additives: Antiwear Additives

Antiwear & Extreme Pressure Additives: Extreme Pressure Additives

Antiwear & Extreme Pressure Additives: Selected Suppliers

Friction Modifiers

Friction Modifiers: Scope

Friction Modifiers: Demand Forecast

Friction Modifiers: Selected Suppliers

Antioxidants

Antioxidants: Scope

Antioxidants: Demand Forecast

Antioxidants: Selected Suppliers

Corrosion Inhibitors

Corrosion Inhibitors: Scope

Corrosion Inhibitors: Demand Forecast

Corrosion Inhibitors: Selected Suppliers

Emulsifiers

Emulsifiers: Scope

Emulsifiers: Demand Forecast

Other Lubricant Additives

Other Lubricant Additives: Scope

Other Lubricant Additives: Demand Forecast

Other Lubricant Additives: Selected Suppliers

MARKETS

Key Findings

Lubricant Additive Markets

Lubricant Additive Markets: Scope

Lubricant Additive Markets: Demand Forecast

Automotive Lubricant Additives

Automotive Lubricant Additives: Demand Forecast

Automotive Lubricant Additives: Market Share

Automotive Engine Oils

Demand Forecast

Gasoline Engine Oils

Diesel Engine Oils

Transmission Fluids & Other Automotive Lubricant Additives

Demand Forecast

Automatic Transmission Fluids

Tractor Hydraulic & Transmission Fluids

Power Steering & Other Transmission Fluids

Other Automotive Lubricants

Industrial Lubricant Additives

Industrial Lubricant Additives: Demand Forecast

Industrial Lubricant Additives: Market Share

Metalworking Fluids

Industrial Engine Oils

Scope

Demand Forecast

Other Industrial Lubricant Additives

Demand Forecast

Hydraulic Fluids

Industrial Gear Oils

Industrial Greases

Other Industrial Lubricants

INDUSTRY STRUCTURE

Key Findings & Industry Composition

Market Share

Acquisitions & Divestitures

Competitive Strategies

List of Industry Participants

APPENDIX

Scope

Definitions

Abbreviations

Freedonia Methodology

Study-Specific Methodology

Sources

Associations & Agencies

Related Freedonia Group Studies

Macroeconomic Assumptions

Economic Environment

Demographic Trends

Consumer Spending

Markets Overview

Manufacturing

Motor Vehicle Outlook

List of Tables

ADDITIVES OVERVIEW

Table 2-1 | Lubricant Additives Market, 2007 - 2017

Table 2-2 | Lubricant Additive Pricing, 2007 - 2022 (dollars per pound)

Table 2-3 | Lubricant Additive Foreign Trade, 2007 - 2022 (million dollars)

LUBRICANTS INDUSTRY OUTLOOK

Table 3-1 | Finished Lubricant Demand by Market & Type, 2007 - 2022 (million gallons)

Table 3-2 | Finished Lubricant Production by Market & Type, 2007 - 2022 (million gallons)

Table 3-3 | Finished Lubricant Demand by Formulation, 2007 - 2022 (million gallons)

PRODUCTS

Table 4-1 | Lubricant Additive Demand by Type, 2007 - 2022 (million pounds)

Table 4-2 | Deposit Control Additive Demand by Type & Market, 2007 - 2022 (million pounds)

Table 4-3 | Dispersant Demand by Market, 2007 - 2022 (million pounds)

Table 4-4 | Detergent Demand by Type & Market, 2007 - 2022 (million pounds)

Table 4-5 | Deposit Control Additives: Selected Suppliers

Table 4-6 | Viscosity Modifier Demand by Type & Market, 2007 - 2022 (million pounds)

Table 4-7 | Viscosity Modifiers: Selected Suppliers

Table 4-8 | Antiwear & Extreme Pressure Additive Demand by Type & Market, 2007 - 2022 (million pounds)

Table 4-9 | Antiwear Additive Demand by Type & Market, 2007 - 2022 (million pounds)

Table 4-10 | Extreme Pressure Additive Demand by Type & Market, 2007 - 2022 (million pounds)

Table 4-11 | Antiwear & Extreme Pressure Additives: Selected Suppliers

Table 4-12 | Friction Modifier Demand by Type & Market, 2007 - 2022 (million pounds)

Table 4-13 | Friction Modifiers: Selected Suppliers

Table 4-14 | Antioxidant Demand by Type & Market, 2007 - 2022 (million pounds)

Table 4-15 | Antioxidants: Selected Suppliers

Table 4-16 | Corrosion Inhibitor Demand by Market, 2007 - 2022 (million pounds)

Table 4-17 | Corrosion Inhibitors: Selected Suppliers

Table 4-18 | Emulsifier Demand by Market, 2007 - 2022 (million pounds)

Table 4-19 | Other Lubricant Additive Demand by Type & Market, 2007 - 2022 (million pounds)

Table 4-20 | Other Lubricant Adhesives: Selected Suppliers

MARKETS

Table 5-1 | Lubricant Additive Demand by Market, 2007 - 2022

Table 5-2 | Automotive Lubricant Additive Demand by Market & Product, 2007 - 2022 (million pounds)

Table 5-3 | Automotive Engine Oil Additive Demand by Engine Type & Product, 2007 - 2022 (million pounds)

Table 5-4 | Gasoline Engine Oil Additive Demand by Product, 2007 - 2022 (million pounds)

Table 5-5 | Diesel Engine Oil Additive Demand by Product, 2007 - 2022 (million pounds)

Table 5-6 | Transmission Fluid & Other Automotive Lubricant Additive Demand by Product, 2007 - 2022, (million pounds)

Table 5-7 | Industrial Lubricant Additive Demand by Market & Product, 2007 - 2022 (million pounds)

Table 5-8 | Metalworking Fluid Additive Demand by Product, 2007 - 2022 (million pounds)

Table 5-9 | Industrial Engine Oil Additive Demand by Product, 2007 - 2022 (million pounds)

Table 5-10 | Other Industrial Lubricant Additive Demand by Market & Product, 2007 - 2022 (million pounds)

INDUSTRY STRUCTURE

Table 6-1 | Selected US Lubricant Additives Company Sales, 2017 (million dollars)

Table 6-2 | Selected Acquisitions & Divestures in the US Lubricant Additives Industry

Table 6-3 | Competitive Strategies in the US Lubricant Additives Industry

APPENDIX

Table 7-1 | Relevant Industry Codes

Table 7-2 | Relevant Trade Codes

Table 7-3 | Abbreviations & Acronyms Used in Study

Table 7-4 | Macroeconomic Indicators, 2007 - 2022 (billion 2009 dollars)

Table 7-5 | Population & Households, 2007 - 2022 (million persons)

Table 7-6 | Personal Consumption Expenditures, 2007 - 2022 (billion 2009 dollars)

Table 7-7 | Manufacturers' Shipments, 2007 - 2022 (billion 2009 dollars)

Table 7-8 | Motor Vehicle Outlook, 2007 - 2022

List of Figures

EXECUTIVE SUMMARY

Figure 1-1 | US Lubricant Additives Market

ADDITIVES OVERVIEW

Figure 2-1 | Key Trends in the Lubricant Additives Market

Figure 2-2 | Lubricant Additives Market, 2007 - 2017

Figure 2-3 | US Lubricant Additive Exports Share by Region, 2017 (billion dollars)

Figure 2-4 | US Lubricant Additive Imports Share by Region, 2017 (million dollars)

LUBRICANTS INDUSTRY OUTLOOK

Figure 3-1 | US Finished Lubricants Production

Figure 3-2 | Lubricant Production Flowchart

PRODUCTS

Figure 4-1 | Key Trends for Lubricant Additive Products

Figure 4-2 | Lubricant Additive Demand Share By Product, 2017

Figure 4-3 | Dispersants: Product Characteristics & Key Trends

Figure 4-4 | Detergents: Product Characteristics & Key Trends

Figure 4-5 | Viscosity Modifiers: Product Characteristics & Key Trends

Figure 4-6 | Antiwear Additives: Product Characteristics & Key Trends

Figure 4-7 | Extreme Pressure Additives: Product Characteristics & Key Trends

Figure 4-8 | Friction Modifiers: Product Characteristics & Key Trends

Figure 4-9 | Antioxidants: Product Characteristics & Key Trends

Figure 4-10 | Corrosion Inhibitors: Product Characteristics & Key Trends

MARKETS

Figure 5-1 | Lubricant Additive Markets

Figure 5-2 | Lubricant Additive Demand Share by Market, 2017

Figure 5-3 | Automotive Lubricant Additives Market Share, 2017 (billion dollars)

Figure 5-4 | Gasoline Engine Oils: Market Characteristics & Key Trends

Figure 5-5 | Diesel Engine Oils: Market Characteristics & Key Trends

Figure 5-6 | Transmission Fluids & Other Automotive Lubricants: Market Characteristics & Key Trends

Figure 5-7 | Industrial Lubricant Additives Market Share, 2017 (billion dollars)

Figure 5-8 | Metalworking Fluids: Market Characteristics & Key Trends

Figure 5-9 | Industrial Engine Oils: Market Characteristics & Key Trends

INDUSTRY STRUCTURE

Figure 6-1 | US Lubricant Additives Market Share, 2017 (billion dollars)

Figure 6-2 | US Lubricant Additives Market Share: Leading Supplier

Figure 6-3 | US Lubricant Additives Market Share: Second Leading Supplier

Figure 6-4 | US Lubricant Additives Market Share: Third Leading Supplier

APPENDIX

Figure 7-1 | Annual Growth in Real GDP, 2000 - 2017, Compared to 1980 - 2005 Average (percent)

Figure 7-2 | Annual Population Growth, 2002 - 2017 (percent)