Asia Pacific 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 Asia Pacific lubricant additives market is expected to grow from US$ 6,609.71 million in 2021 US$ 8,688.22 million by 2028; it is estimated to grow at a CAGR of 4.0% from 2021 to 2028
The Asia Pacific lubricant additives market is expected to grow from US$ 6,609.71 million in 2021 US$ 8,688.22 million by 2028; it is estimated to grow at a CAGR of 4.0% 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 Asia Pacific lubricant additives market is expected to grow at a notable CAGR during the forecast period.
Asia Pacific Lubricant Additives Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Lubricant Additives Market Segmentation
The Asia Pacific 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 Asia Pacific lubricant additives market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC. China has contributed a substantial share in 2021.
Evonik Industries AG, the Lubrizol Corporation, LANXESS, Nouryan, EXXON MOBIL CORPORATION, Croda International plc, Chevron Corporation, and BASF SE are among the leading companies operating in the Asia Pacific lubricant additives market.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
1.2.1 APAC Lubricant Additives Market, by Type
1.2.2 APAC Lubricant Additives Market, by Application
1.2.3 APAC 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. APAC 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. APAC 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 –APAC Market Analysis
6.1 Lubricant Additives Market –Revenue and Forecast to 2028
7. APAC 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. APAC 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 – Country Analysis
9.1 Asia Pacific: Lubricant Additives Market
9.1.1 Asia Pacific: Lubricant Additives Market Revenue Share, by Key Country
9.1.1.1 Australia: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Australia: Lubricant Additives Market, by Type
9.1.1.1.2 Australia: Lubricant Additives Market, by Application
9.1.1.2 China: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 China: Lubricant Additives Market, by Type
9.1.1.2.2 China: Lubricant Additives Market, by Application
9.1.1.3 India: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 India: Lubricant Additives Market, by Type
9.1.1.3.2 India: Lubricant Additives Market, by Application
9.1.1.4 Japan: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Japan: Lubricant Additives Market, by Type
9.1.1.4.2 Japan: Lubricant Additives Market, by Application
9.1.1.5 South Korea: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 South Korea: Lubricant Additives Market, by Type
9.1.1.5.2 South Korea: Lubricant Additives Market, by Application
9.1.1.6 Rest of Asia Pacific: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Asia Pacific: Lubricant Additives Market, by Type
9.1.1.6.2 Rest of Asia Pacific: 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 Nouryon
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 EXXON MOBIL CORPORATION
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 Croda International plc
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 Chevron Corporation
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 BASF SE
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
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. APAC Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Australia Lubricant Additives Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. China Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. China Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. India Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. India Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. Japan Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Japan Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. South Korea Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. South Korea Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of Asia Pacific Lubricant Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Asia Pacific Lubricant Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. Glossary of Terms, Global Lubricant Additives Market
LIST OF FIGURES
Figure 1. APAC Lubricant Additives Market Segmentation
Figure 2. APAC Lubricant Additives Market Segmentation – By Country
Figure 3. APAC Lubricant Additives Market Overview
Figure 4. APAC Lubricant Additives Market, By Application
Figure 5. APAC Lubricant Additives Market, by Country
Figure 6. APAC Porter's Five Forces Analysis
Figure 7. APAC Expert Opinion
Figure 8. APAC Ecosystem Chain: Lubricant Additives
Figure 9. APAC Lubricant Additives Market Impact Analysis of Drivers and Restraints
Figure 10. APAC Lubricant Additives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. APAC Lubricant Additives Market Revenue Share, By Type (2020 and 2028)
Figure 12. APAC Dispersants: Lubricant Additives Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 13. APAC Viscosity Index Improvers: Lubricant Additives Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 14. APAC Detergents: Lubricant Additives Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 15. APAC Antiwear Agent: Lubricant Additives Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 16. APAC Emulsifiers: Lubricant Additives Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 17. APAC Others: Lubricant Additives Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 18. APAC Lubricant Additives Market Revenue Share, By Application (2020 and 2028)
Figure 19. APAC Automotive : Lubricant Additives Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 20. APAC Industrial : Lubricant Additives Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 21. Asia Pacific: Lubricant Additives Market Revenue Share, by Key Country (2020 and 2028)
Figure 22. Australia: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 23. China: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 24. India: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 25. Japan: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 26. South Korea: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 27. Rest of Asia Pacific: Lubricant Additives Market –Revenue and Forecast to 2028 (US$ Million)
- Evonik Industries AG.
- The Lubrizol Corporation.
- LANXESS.
- Nouryan.
- EXXON MOBIL CORPORATION.
- Croda international plc.
- Chevron Corporation.
- BASF SE.
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