Europe Lubricant Additives Market Forecast to 2028

Report Code : BMIRE00025619 | Region : Europe | Industry : Chemicals and Materials | Published Date : 10/Aug/2022
Europe Lubricant Additives Market Forecast to 2028 - COVID-19 Impact and Regional Analysis – by Type (Dispersants, Viscosity Index Improvers, Detergents, Antiwear Agents, Emulsifiers, and Others), and Application (Automotive and Industrial)

The Europe lubricant additives market is expected to grow from US$ 2,748.36 million in 2021 to US$ 3,435.89 million by 2028; it is estimated to grow at a CAGR of 3.2% from 2021 to 2028.

Due to various advantages of synthetic lubricants, they are widely used in industrial operations and the automotive sector. Their superior characteristics and ability to induce operational consistency make them a preferred category of lubricants over natural mineral oil. Polyalphaolefin lubricant is the most commonly used synthetic oil in the automotive & industrial sectors. It has excellent physical and chemical properties, including a higher viscosity index, lower volatility, lower pour point, and greater thermal stability. The group III and IV base oils are used for high-performance applications in technically advanced automotive engines. Stringent emission norms, better-blending flexibility, and evolving fuel efficiency standards are a few of the key factors that propel the sales of high-quality Group III synthetic lubricants. Group III and IV are premium base oils that cater to complex applications. Lubricant additives enhance the performance of lubricants in industries such as automotive and manufacturing. The lubricant additives enhance the physical and chemical properties of lubricants by increasing viscosity index, lowering volatility, and reducing the pour point of lubricants. In addition to viscosity index improvers and pour point depressants, dispersants and detergents are a few of the widely used categories of additives. As the need for synthetic lubricants grows, the demand for additives in these lubricants is also likely to surge during the forecast period. Thus, the Europe lubricant additives market is expected to grow at a notable CAGR during the forecast period.

Europe Lubricant Additives Revenue and Forecast to 2028 (US$ Million)

Europe Lubricant Additives Market Segmentation

The Europe lubricant additives market is segmented into type, application, and country. Based on type, the market is categorized into dispersants, viscosity index improvers, detergents, antiwear agents, emulsifiers, and others. In 2021, the dispersants segment held the largest market share. Based on application, the market is bifurcated into automotive and industrial. In 2021, the automotive segment held a larger market share. Further, based on country, the Europe lubricant additives market is segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Rest of Europe has contributed a substantial share in 2021.

Evonik Industries AG, The Lubrizol Corporation, LANXESS, Mol-Lub Kft, Nouryan, EXXON MOBIL CORPORATION, Croda International plc, Chevron Corporation, and BASF SE are among the leading companies operating in the Europe lubricant additives market.

The List of Companies - Europe Lubricant Additives Market

● Evonik Industries AG-Global.

● The Lubrizol Corporation-Global.

● LANXESS-Global.

● Mol-Lub Kft-Europe.

● Nouryan- Global.

● EXXON MOBIL CORPORATION-Global.

● Croda international plc- Global.

● Chevron Corporation-Global.

● BASF SE-Global.

TABLE OF CONTENTS

1. Introduction

1.1 The Insight Partners Research Report Guidance

1.2 Market Segmentation

1.2.1 Europe Lubricant Additives Market, by Type

1.2.2 Europe Lubricant Additives Market, by Application

1.2.3 Europe Lubricant Additives Market, by Country

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection:

3.2.2 Primary Interviews:

3.2.3 Hypothesis formulation:

3.2.4 Macro-economic factor analysis:

3.2.5 Developing base number:

3.2.6 Data Triangulation:

3.2.7 Country level data:

4. Europe 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 Expert Opinion

4.4 Ecosystem Analysis

4.4.1 Raw Material Suppliers

4.4.2 Manufacturers

4.4.3 Distributors/Suppliers

4.4.4 End-User Industries

5. Europe Lubricant Additives Market — Key Market Dynamics

5.1 Market Drivers

5.1.1 Flourishing Automotive Sector

5.1.2 Rapid Industrial Growth

5.2 Market Restraints

5.2.1 Stringent Government Policies Regarding Application of Lubricant Additives

5.3 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 Restraints

6. Lubricant Additives –Europe Market Analysis

6.1 Lubricant Additives Market –Revenue and Forecast to 2028

7. Europe 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. Europe 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. Europe Lubricant Additives Market – Country Analysis

9.1 Europe: Lubricant Additives Market

9.1.1 Europe: Lubricant Additives Market, by Key Country

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

9.1.1.1.1 .Germany: Lubricant Additives Market, by Type

9.1.1.1.2 Germany: Lubricant Additives Market, by Application

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

9.1.1.2.1 France: Lubricant Additives Market, by Type

9.1.1.2.2 France: Lubricant Additives Market, by Application

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

9.1.1.3.1 Italy: Lubricant Additives Market, by Type

9.1.1.3.2 Italy: Lubricant Additives Market, by Application

9.1.1.4 United Kingdom: Lubricant Additives Market–Revenue and Forecast to 2028 (US$ Million)

9.1.1.4.1 United Kingdom: Lubricant Additives Market, by Type

9.1.1.4.2 United Kingdom: Lubricant Additives Market, by Application

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

9.1.1.5.1 Russia: : Lubricant Additives Market, by Type

9.1.1.5.2 Russia: : Lubricant Additives Market, by Application

9.1.1.6 Rest of Europe: Lubricant Additives Market–Revenue and Forecast to 2028 (US$ Million)

9.1.1.6.1 Rest of Europe: Lubricant Additives Market, by Type

9.1.1.6.2 Rest of Europe: Lubricant Additives Market, by Application

10. Industry Landscape

10.1 Overview

10.2 Market Initiative

10.3 New Product Development

11. Company Profiles

11.1 Evonik Industries AG

11.1.1 Key Facts

11.1.2 Business Description

11.1.3 Products and Services

11.1.4 Financial Overview

11.1.5 SWOT Analysis

11.1.6 Key Developments

11.2 The Lubrizol Corporation

11.2.1 Key Facts

11.2.2 Business Description

11.2.3 Products and Services

11.2.4 Financial Overview

11.2.5 SWOT Analysis

11.2.6 Key Developments

11.3 LANXESS

11.3.1 Key Facts

11.3.2 Business Description

11.3.3 Products and Services

11.3.4 Financial Overview

11.3.5 SWOT Analysis

11.3.6 Key Developments

11.4 Mol-lub Kft.

11.4.1 Key Facts

11.4.2 Business Description

11.4.3 Products and Services

11.4.4 Financial Overview

11.4.5 SWOT Analysis

11.4.6 Key Developments

11.5 Nouryon

11.5.1 Key Facts

11.5.2 Business Description

11.5.3 Products and Services

11.5.4 Financial Overview

11.5.5 SWOT Analysis

11.5.6 Key Developments

11.6 EXXON MOBIL CORPORATION

11.6.1 Key Facts

11.6.2 Business Description

11.6.3 Products and Services

11.6.4 Financial Overview

11.6.5 SWOT Analysis

11.6.6 Key Developments

11.7 Croda International plc

11.7.1 Key Facts

11.7.2 Business Description

11.7.3 Products and Services

11.7.4 Financial Overview

11.7.5 SWOT Analysis

11.7.6 Key Developments

11.8 Chevron Corporation

11.8.1 Key Facts

11.8.2 Business Description

11.8.3 Products and Services

11.8.4 Financial Overview

11.8.5 SWOT Analysis

11.8.6 Key Developments

11.9 BASF SE

11.9.1 Key Facts

11.9.2 Business Description

11.9.3 Products and Services

11.9.4 Financial Overview

11.9.5 SWOT Analysis

11.9.6 Key Developments

12. Appendix

12.1 About The Insight Partners

12.2 Glossary of Terms

LIST OF TABLES.

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

Table 2.             Germany Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 3.             Germany Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (USD Million)

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

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

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

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

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

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

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

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

Table 12.          Rest of Europe Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 13.          Rest of Europe Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 14.          Glossary of Terms, Global Lubricant Additives Market

The List of Companies - Europe Lubricant Additives Market

● Evonik Industries AG-Global.

● The Lubrizol Corporation-Global.

● LANXESS-Global.

● Mol-Lub Kft-Europe.

● Nouryan- Global.

● EXXON MOBIL CORPORATION-Global.

● Croda international plc- Global.

● Chevron Corporation-Global.

● BASF SE-Global.

Reason To Buy

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe Lubricant Additive market forecast.

● 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 Europe Lubricant Additive market forecast, thereby allowing players across the value chain to develop effective long-term strategies

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

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

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.

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