Lubricant Additives

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Lubricant Production and Performance Specifications Strongly Impact Demand for Lubricant Additives

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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