Americas Lubricant Additives Market to 2028

Report Code : TIPRE00028841 | Region : LAMEA | Industry : Chemicals and Materials | Published Date : 29/Apr/2022

Americas Lubricant Additives Market to 2028 - COVID-19 Impact and Americas Analysis - By Type (Dispersants, Viscosity Index Improvers, Detergents, Antiwear Agent, Emulsifiers, and Others), Application (Automotive and Industrial)

The Americas lubricant additives market size was valued at US$ 4,674.9 million in 2021 and is projected to reach US$ 5,922.8 million by 2028. It is expected to grow at a CAGR of 3.4% from 2021 to 2028.

The automotive sector in the Americas has witnessed tremendous growth in the last decade and is expected to rise steadily during the forecast period as well. As per the data of Organisation Internationale des Constructeurs d'Automobiles (OICA), the American countries recorded the production of over ~16.2 million commercial and passenger cars in 2010, and the production levels increased by more than 23% in 2019, reporting the annual and production of over ~20 million commercial and passenger vehicles. The COVID-19 pandemic significantly affected the growth of the automotive sector in 2020 and 2021 due to nationwide lockdowns and decreased investments. However, the sector is expected to gradually reach its pre-COVID growth performance levels by FY 2022–2023. Ease in travel restrictions and the consequent rise in transportation activities, and mass vaccination programs conducted in 2021 have aided the automotive sector, thus fueling automobile sales. Further, as per a report by the OICA, this sector has recorded the positive growth of ~5% in 2021 compared to 2020. Numerous automotive companies are investing heavily in manufacturing capabilities to increase production and sales. For instance, in July 2021, Maruti Suzuki India Ltd. announced an investment worth US$ 2.42 billion in a new manufacturing facility in Haryana, India, which is expected to manufacture ~1 million units annually. A surge in automobile manufacturing is boosting the demand for lubricants, thereby driving the Americas lubricant additives market.

With increasing regulatory pressure on improving the fuel efficiency of vehicles and reducing greenhouse gas (GHG) emissions, there has been a remarkable development in lubricating oil formulations. For instance, in December 2021, US Environmental Protection Agency (EPA) finalized revised national GHG emissions standards for passenger cars and light trucks for Model Years is about to manufacture during 2023–2026. The final standards will significantly reduce GHG emissions and other critical pollutants, which will lead to substantial public health and welfare benefits while providing consumers with savings from lower fuel costs. Thus, the growing automotive sector and stringent government policies for reducing GHG emissions are driving the Americas lubricant additives market.

The COVID-19 pandemic hampered the operations of the chemicals & materials sector. Disruption of supply chains and difficulties in procuring raw materials hindered the Americas lubricant additives market performance to some extent in 2020. However, the market started recovering gradually from this challenge and regaining its operations to normalcy from 2021. The increasing pace of COVID-19 vaccination drives, and spurring demand for food and beverages are subsequently driving the Americas lubricant additives market growth.

Evonik Industries Ag; The Lubrizol Corporation; LANXESS; Rose Mill Co., Aerospace Lubricants, Inc.; Tamco Lubrificantes; Mol-Lub Kft.; Dover Chemical Corporation; Nouryon; and Exxon Mobil Corporation are the key lubricant additives manufacturers in the Americas.

The size of the Americas lubricant additives market has been derived using primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. Participants of this process include VPs, business development managers, market intelligence managers, national sales managers, and external consultants—such as valuation experts, research analysts, and key opinion leaders—among other industry experts specializing in the Americas lubricant additives market.

Americas Lubricant Additives Market- list of 10 companies

1. Evonik Industries AG

2. The Lubrizol Corporation

3. LANXESS

4. Rose Mill Co.

5. Aerospace Lubricants, Inc.

6. Tamco Lubrificantes

7. Mol-lub Kft.

8. Dover Chemical Corporation

9. Nouryon

10. EXXON MOBIL CORPORATION

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.3 Data Collection

3.4 Primary Interviews

3.5 Hypothesis Formulation

3.6 Macro-economic Factor Analysis

3.7 Developing Base Number

3.8 Data Triangulation

3.9 Country Level Data

4. Americas Lubricant Additives Market Landscape

4.1 Market Overview

4.2 Porter’s Five Forces Analysis

4.2.1 Bargaining Power of Suppliers

4.2.2 Bargaining Power of Buyers

4.2.3 Threat of New Entrants

4.2.4 Competitive Rivalry

4.2.5 Threat of Substitutes

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. Lubricant Additives Market — Key Market Dynamics

5.1 Key Market Drivers

5.1.1 Growing Automobile Sector:

5.1.2 Rapid Industrial Growth:

5.2 Key Market Restraints

5.2.1 Stringent Government Policies on Application of Lubricant Additives:

5.3 Key Market Opportunities

5.3.1 Increasing Demand for Lubricants from Wind Energy Sector:

5.4 Future Trends

5.4.1 Growing Demand for Synthetic Lubricants

5.5 Impact Analysis of Drivers and Restraint

6. Lubricant Additives – Americas Market Analysis

6.1 Lubricant Additives Market Overview

6.2 Lubricant Additives Market –Revenue and Forecast to 2028

6.3 Competitive Positioning – Key Market Players

7. Lubricant Additives Market Analysis – By Type

7.1 Overview

7.2 Lubricant Additives Market, By Type (2020 and 2028)

7.3 Dispersants

7.3.1 Overview

7.3.2 Dispersants: Lubricant Additives Market – Revenue and Forecast to 2028 (US$ Mn)

7.4 Viscosity Index Improvers

7.4.1 Overview

7.4.2 Viscosity Index Improvers: Lubricant Additives Market – Revenue and Forecast to 2028 (US$ Mn)

7.5 Detergents

7.5.1 Overview

7.5.2 Detergents: Lubricant Additives Market – Revenue and Forecast to 2028 (US$ Mn)

7.6 Antiwear Agent

7.6.1 Overview

7.6.2 Antiwear Agent: Lubricant Additives Market – Revenue and Forecast to 2028 (US$ Mn)

7.7 Emulsifiers

7.7.1 Overview

7.7.2 Emulsifiers: Lubricant Additives Market – Revenue and Forecast to 2028 (US$ Mn)

7.8 Others

7.8.1 Overview

7.8.2 Others: Lubricant Additives Market – Revenue and Forecast to 2028 (US$ Mn)

8. Lubricant Additives Market Analysis – By Application

8.1 Overview

8.2 Lubricant Additives Market, By Application (2020 and 2028)

8.3 Automotive

8.3.1 Overview

8.3.2 Automotive : Lubricant Additives Market – Revenue and Forecast to 2028 (US$ Mn)

8.4 Industrial

8.4.1 Overview

8.4.2 Industrial : Lubricant Additives Market – Revenue and Forecast to 2028 (US$ Mn)

9. Lubricant Additives Market – Geographic Analysis

9.1 Overview

9.2 North America: Lubricant Additives Market

9.2.1 North America: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)

9.2.2 North America: Lubricant Additives Market, by Type

9.2.3 North America: Lubricant Additives Market, by Application

9.2.4 North America: Lubricant Additives Market, by Key Country

9.2.4.1 US: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)

9.2.4.1.1 US: Lubricant Additives Market, by Type

9.2.4.1.2 US: Lubricant Additives Market, by Application

9.2.4.2 Canada: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)

9.2.4.2.1 Canada: Lubricant Additives Market, by Type

9.2.4.2.2 Canada: Lubricant Additives Market, by Application

9.2.4.3 Mexico: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)

9.2.4.3.1 Mexico : Lubricant Additives Market, by Type

9.2.4.3.2 Mexico: Lubricant Additives Market, by Application

9.3 South and Central America: Lubricant Additives Market

9.3.1 South and Central America: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)

9.3.2 South and Central America: Lubricant Additives Market, by Type

9.3.3 South and Central America: Lubricant Additives Market, by Application

9.3.4 South and Central America: Lubricant Additives Market, by Key Country

9.3.4.1 Brazil: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)

9.3.4.1.1 Brazil: Lubricant Additives Market, by Type

9.3.4.1.2 Brazil: Lubricant Additives Market, by Application

9.3.4.2 Argentina: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)

9.3.4.2.1 Argentina: Lubricant Additives Market, by Type

9.3.4.2.2 Argentina: Lubricant Additives Market, by Application

9.3.4.3 Rest of South and Central America: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)

9.3.4.3.1 Rest of South and Central America: Lubricant Additives Market, by Type

9.3.4.3.2 Rest of South and Central America: Lubricant Additives Market, by Application

10. Impact of COVID-19

10.1 Overview – Impact of COVID-19

10.2 Impact of COVID-19 on Lubricant Additives Market

10.3 North America: Impact Assessment of COVID-19 Pandemic

10.4 South America: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape

11.1 Overview

11.2 Market Initiative

11.3 New Product Development

12. Company Profiles

12.1 Evonik Industries AG

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 The Lubrizol Corporation

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 LANXESS

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Rose Mill Co.

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Aerospace Lubricants, Inc.

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Tamco Lubrificantes

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Mol-lub Kft.

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 Dover Chemical Corporation

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 Nouryon

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 EXXON MOBIL CORPORATION

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Glossary of Terms

LIST OF TABLES.

Table 1. Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)

Table 2. Americas Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 3. Americas Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 4. North America Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 5. North America Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 6. US Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 7. US Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 8. Canada Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 9. Canada Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 10. Mexico Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 11. Mexico Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 12. South and Central America Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 13. South and Central America Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 14. Brazil Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 15. Brazil Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 16. Argentina Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 17. Argentina Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 18. Rest of South and Central America Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 19. Rest of South and Central America Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 20. Glossary of Terms, Americas Lubricant Additives Market

Americas Lubricant Additives Market- list of 10 companies

1. Evonik Industries AG

2. The Lubrizol Corporation

3. LANXESS

4. Rose Mill Co.

5. Aerospace Lubricants, Inc.

6. Tamco Lubrificantes

7. Mol-lub Kft.

8. Dover Chemical Corporation

9. Nouryon

10. EXXON MOBIL CORPORATION

Reason To Buy

• Highlights key business priorities in order to assist companies to realign their business strategies.

• The key findings and recommendations highlight crucial progressive industry trends in the Americas lubricant additives market, thereby allowing players to develop effective long-term strategies.

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

• Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.

• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

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