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1512691

全球润滑油添加剂市场 - 2024-2031

Global Lubricant Additives Market - 2024-2031

出版日期: 2024年07月10日 | 出版商:

DataM Intelligence | 英文 198 Pages | 商品交期: 最快1-2个工作天内

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简介目录

概述

全球润滑油添加剂市场2023年达到165亿美元，预计2031年将达206亿美元，2024-2031年预测期间复合年增长率为2.8%。

受乌克兰持续战争影响，军事装备和军备生产的成长将成为未来几年冶金和金属加工产业润滑油添加剂需求成长的主要因素。全球主要大国追求的军事现代化趋势可能会在预测期内保持较高的需求。

随着亚太地区高铁的不断发展，印度、印尼、越南和泰国等国的新项目正在建设中，未来几年铁路业对高性能润滑油添加剂的需求将会增加。原油波动将对预测期内全球市场的成长产生重大影响。如果油价飙升，将增加所有主要最终用户的投入成本，并阻碍产业创新。

动力学

电动车产量不断成长

后疫情时期，电动车产销蓬勃发展。作为广泛经济復苏的一部分，政府对汽车产业的刺激导致了电池技术和汽车生产技术的突破。 2023 年纯电动车 (BEV) 销量接近 1,420 万辆，创下电动车量产以来的最高增幅。许多传统汽车製造商要么计划转向电动车生产，要么将其现有的汽油和柴油汽车产品组合转变为混合动力汽车。

分析师预计，未来几年电动车的价格将进一步下降，大多数车型将在未来 4 至 5 年内实现与汽油和柴油汽车的价格平价。美国和中国的电动车整体价格降幅最大。根据《富比士》杂誌资料显示，2023 年中期美国电动车平均价格约为 45,000 美元，较前一年的近 59,000 美元大幅下降。

透过对供应链的掌控和庞大的产能，中国几乎将电动车的价格降低到了高檔汽油和柴油车的水平。中国电动车的平均起价约为 10,000 美元，而西方电动车的平均零售价格为 35,000 美元至 45,000 美元。电动车的持续发展为全球润滑油添加剂市场带来了新的成长机会。它将推动对用于电池冷却剂、特殊润滑脂和下一代煞车油的新型润滑油添加剂的需求。

工业对更好润滑的需求不断成长

鑑于现代工业运作所需的能源成本不断上升，工业部门正在尝试减少能源消耗和营运费用。为了保持机械以高标准运行，人们正在考虑工业润滑的新进展，以期大幅提高高温高压条件下的润滑剂性能。

美国国家润滑脂研究所 (NGLI) 进行的独立测试发现，合成润滑油添加剂具有更高的密度、黏度和分子量，从而降低了润滑齿轮的摩擦。此外，基于 PAG 和 PAO 的齿轮润滑油添加剂有助于降低圆柱齿轮的维护成本，因为在较低温度下可减少搅拌损失并减少齿轮腐蚀。 2024 年 6 月，Laxness 宣布推出 Additin，这是一系列新的工业润滑油添加剂和金属加工液，可提高效能。

全球油价波动

全球石油和大宗商品市场在疫情期间和之后表现出波动。疫情爆发初期，由于需求低迷，油价急剧暴跌，甚至在 2020 年 4 月转为负值。乌克兰的战争。油价的波动对润滑油添加剂市场造成了各种二次影响。

由于油价波动，工业活动和消费者支出受到广泛影响，从而影响汽车、建筑、金属加工、航空和暖通空调等不同行业对润滑油添加剂的需求。从生产商的角度来看，这种波动也是不受欢迎的，因为它会为长期规划带来障碍，并阻碍产能扩张。

The growth in military equipment and armaments production influenced by the ongoing war in Ukraine will become a major factor behind the growing demand for lubricant additives in the metallurgy and metalworking sector over the next few years. A trend of military modernization pursued by major global powers is likely to keep demand high during the forecast period.

With the ongoing development of high-speed rail in Asia-Pacific, with new projects currently under construction in India, Indonesia, Vietnam, and Thailand, the demand for high-performance lubricant additives in the railway industry will increase over the upcoming years. The volatility in crude oil will have a major bearing on the growth of the global market during the forecast period. If oil prices experience a spike, it will increase input costs for all major end-users and discourage innovation in the industry.

Dynamics

Growing Production of Electric Vehicles

The post-pandemic period has fueled a boom in the production and sales of electric vehicles. Government stimulus to the automotive industry as part of a broad-based economic revival has led to breakthroughs in battery technology and vehicle production techniques. Nearly 14.2 million battery electric vehicles (BEVs) were sold in 2023, marking the highest increase since EV mass production began. Many conventional vehicle manufacturers are either planning to shift towards EV production or are converting their existing portfolio of gasoline and diesel vehicles into hybrid cars.

Analysts expect the price of electric vehicles to decrease further in the coming years, with most models achieving price parity with petrol and diesel-based cars in the next 4 to 5 years. The U.S. and China have witnessed the largest decrease in overall EV prices. According to data from Forbes magazine, the average EV price in the U.S. was around US$ 45,000 in mid-2023, significantly down from nearly US$ 59,000 during the previous year.

Through mastery of the supply chain and large production capacity, China has almost brought down electric vehicle prices to the level of premium petrol and diesel vehicles. The average price for a Chinese EV begins at roughly US$ 10,000 as compared to a western EV which retails for an average price range of US$ 35,000 to US$ 45,000. The ongoing development of electric vehicles opens up new growth opportunities for the global lubricant additives market. It will propel the demand for new types of lubricant additives to be used in battery coolants, specialty greases, and the next generation of brake fluids.

Growing Industrial Demand for Better Lubrication

The industrial sector is attempting to reduce energy consumption and operating expenses in light of the rising cost of energy to power modern industrial operations. To keep machinery performing at high standards, new advances in industrial lubrication are being considered with a view to drastically improving lubricant performance under high temperature and pressure conditions.

The National Lubricating Grease Institute (NGLI) performed independent testing that found that synthetic lubricant additives had higher density, viscosity, and molecular weight, which resulted in lower friction in lubricated gears. Additionally, PAG & PAO-based gear lubricant additives assist in lowering maintenance costs in cylindrical gears due to decreased churning losses at lower temperatures and less gear erosion. In June 2024, Laxness announced the launch of Additin, a new range of industrial lubricant additives and metalworking fluids for improved performance.

Volatility in Global Oil Prices

The global oil and commodities market demonstrated volatility during and after the pandemic. In the initial days of the pandemic, as demand depressed, oil prices crashed precipitously, even turning negative in April 2020. Oil prices remained in US$ 50-75 per barrel territory for most of 2021, before spiking to over US$ 120 per barrel on account of the Russia-Ukraine war. The volatility of oil prices caused various second-order impacts on the lubricant additives market.

Industrial activity and consumer spending are broadly affected due to the volatility in oil prices, thus affecting demand for lubricant additives in diverse sectors like automotive, construction, metalworking, aviation, and HVAC. Such volatility is also undesirable from the producer's point of view since it creates hurdles toward long-term planning and discourages production capacity expansion.

Segment Analysis

The global lubricant additives market is segmented based on function, lubricant, end-user, and region.

The Automotive Industry Will Continue to Remain Among the Biggest Demand Generators

The global automotive industry sustained the brunt of the pandemic relatively well and was on the road to recovery by the middle of 2022. Recovery was much faster in emerging markets like India and China, which saw a large, pent-up demand during the pandemic period. Government stimulus to boost the automotive industry has also been a key factor in driving the recovery. Data from the International Organization of Motor Vehicle Manufacturers (OICA) found that nearly 93.54 million passenger and commercial vehicles were produced in 2023, indicating a jump of nearly 10% from the previous year.

The production of electric vehicles has also received a boost in the post-pandemic period. All these factors have led to the creation of highly favorable growth conditions for the global lubricant additives market in the automotive sector. Many companies are actively working towards introducing lubricant additives derived from sustainable, bio-based sources. For example, in April 2024, DIC Corporation, a Japanese chemical company, unveiled a new algae oil-based extreme pressure additive for use in automotive lubricating oils and metalworking fluids.

Geographical Penetration

Lubricant Additive Demand to Remain High in Asia-Pacific

Asia-Pacific is the largest region for the lubricant additives market driven by the growth of the automotive, construction, and metallurgy sectors in the region. As the regional automotive industry expands, there is a parallel rise in the need for lubricant additives to maintain vehicle performance. China is the largest automotive producer with data from Nikkei Asia indicating 30 million units of automotive sales in the country in 2023.

The metallurgy and metalworking industry is also expected to become another major source of demand for lubricant additives during the forecast period, mainly due to the growth of shipbuilding activities in China, Japan, and South Korea. Emerging countries like India are also taking steps to boost their shipbuilding capacity, mainly to build up their naval forces. Asia-Pacific will continue to account for a major share of the global market during the forecast period.

Competitive Landscape

The major global players in the market include BASF SE, Lanxess, Afton Chemical, Chevron Oronite Company LLC, Croda International Plc, Evonik Industries AG, Infineum International Limited, The Lubrizol Corporation, Shamrock Oils & Petrochemicals and Jinzhou Tianhe Chemicals Co Ltd.

COVID-19 Impact Analysis

COVID-19 made a major impact on the lubricant additives market as a result of depression in economic activity across various sectors. Overall usage of passenger and commercial vehicles dropped sharply during the pandemic, thus consequently leading to decreased demand for lubricant additives. Locomotive and aerospace sectors also witnessed a major drop in demand.

Furthermore, the industrial sector also had setbacks due to shutdowns and labor shortages, which led to a decline in demand for industrial lubricants. The lockdowns and reduced travel had a significant negative impact on the demand for passenger vehicle lubricants. Maintenance cycles were disrupted and vehicle usage decreased. Also, lubrication played a critical role during the resumption of industrial activities. With industrial production rebounding in the pandemic aftermath, the demand for lubricant additives has also

Russia-Ukraine War Impact Analysis

The Russia-Ukraine war made a significant impact on the lubricant additives market resulting conflict has led to disruptions in supply chains, industries, and economies, impacting both the demand and supply of lubricants. The invasion of Ukraine by Russia caused a sudden spike in crude oil prices, which were already rising due to factors like global economic recovery from the COVID-19 pandemic. The uncertainty and geopolitical tensions resulting from the war have highlighted the vulnerability of the energy industry and the need for resilience.

Some countries released oil from their strategic reserves to stabilize prices and supply, while others aimed to boost domestic production. The volatile energy situation prompted nations to reconsider their energy policies and diversify their energy mixes to reduce dependence on a single supplier. As the conflict continues, the global lubricant market will likely continue to be influenced by geopolitical dynamics and efforts to ensure energy stability.

By Function

Dispersants
Viscosity Modifiers
Anti-Wear and Extreme Pressure Additives
Corrosion Inhibitors
Anti-Oxidants
Emulsifiers
Friction Modifiers
Others

By Lubricant

Engine Oil
Hydraulic Oil
Transmission Oil
Metalworking Oils
Greases
Industrial Gear Oils
Concrete Release Agents
Chainsaw Oils
Compressor Oils
Others

By End-User

Automotive
Locomotive
Aerospace & Defense
HVAC
Building & Construction
Metallurgy & Metalworking
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
South America
- Brazil
- Argentina
- Rest of South America
Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
Middle East and Africa

Key Developments

In May 2024, Scientists at the U.S. Department of Energy's Oakland National Laboratory announced the development of new lubricant additives for the protection of water turbine equipment. The new additives demonstrated a 50% reduction in friction and a nearly ten-fold decrease in operational wear as compared to commercially available lubricant additives.
In November 2023, Trecora LLC, a U.S.-based petrochemicals manufacturer, acquired the lubricant additives business of Chemtrade. The acquired company will become part of Trecora's specialty chemicals business based in Woodlands, Texas, U.S.

Why Purchase the Report?

To visualize the global lubricant additives market segmentation based on function, lubricant, end-user, and region, as well as understand key commercial assets and players.
Identify commercial opportunities by analyzing trends and co-development.
Excel data sheet with numerous data points of cement market-level with all segments.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Lubricant mapping available as Excel consisting of key products of all the major players.

The global lubricant additives market report would provide approximately 62 tables, 69 figures, and 198 Pages.

Target Audience 2024

Manufacturers/ Buyers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies

1. Methodology and Scope

1.1. Research Methodology
1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

3.1. Snippet by Function
3.2. Snippet by Lubricant
3.3. Snippet by End-User
3.4. Snippet by Region

4. Dynamics

4.1. Impacting Factors
- 4.1.1. Drivers
  - 4.1.1.1. Growing production of electric vehicles
  - 4.1.1.2. Growing industrial demand for better lubricants
- 4.1.2. Restraints
  - 4.1.2.1. Volatility in global oil prices
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis

5. Industry Analysis

5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
5.5. Russia-Ukraine War Impact Analysis
5.6. DMI Opinion

6. COVID-19 Analysis

6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID-19
- 6.1.2. Scenario During COVID-19
- 6.1.3. Scenario Post COVID-19
6.2. Pricing Dynamics Amid COVID-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion

7. By Function

7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
- 7.1.2. Market Attractiveness Index, By Function
7.2. Dispersants*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Viscosity Modifiers
7.4. Anti-Wear and Extreme Pressure Additives
7.5. Corrosion Inhibitors
7.6. Anti-Oxidants
7.7. Emulsifiers
7.8. Friction Modifiers
7.9. Others

8. By Lubricant

8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Lubricant
- 8.1.2. Market Attractiveness Index, By Lubricant
8.2. Engine Oil*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Hydraulic Oil
8.4. Transmission Oil
8.5. Metalworking Oils
8.6. Greases
8.7. Industrial Gear Oils
8.8. Concrete Release Agents
8.9. Chainsaw Oils
8.10. Compressor Oils
8.11. Others

9. By End-user

9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 9.1.2. Market Attractiveness Index, By End-User
9.2. Automotive*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3. Locomotive
9.4. Aerospace & Defense
9.5. HVAC
9.6. Building & Construction
9.7. Metallurgy & Metalworking
9.8. Others

10. By Region

10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 10.1.2. Market Attractiveness Index, By Region
10.2. North America
- 10.2.1. Introduction
- 10.2.2. Key Region-Specific Dynamics
- 10.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
- 10.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Lubricant
- 10.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.2.6.1. The U.S.
  - 10.2.6.2. Canada
  - 10.2.6.3. Mexico
10.3. Europe
- 10.3.1. Introduction
- 10.3.2. Key Region-Specific Dynamics
- 10.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
- 10.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Lubricant
- 10.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.3.6.1. Germany
  - 10.3.6.2. UK
  - 10.3.6.3. France
  - 10.3.6.4. Italy
  - 10.3.6.5. Russia
  - 10.3.6.6. Rest of Europe
10.4. South America
- 10.4.1. Introduction
- 10.4.2. Key Region-Specific Dynamics
- 10.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
- 10.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Lubricant
- 10.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.4.6.1. Brazil
  - 10.4.6.2. Argentina
  - 10.4.6.3. Rest of South America
10.5. Asia-Pacific
- 10.5.1. Introduction
- 10.5.2. Key Region-Specific Dynamics
- 10.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
- 10.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Lubricant
- 10.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.5.6.1. China
  - 10.5.6.2. India
  - 10.5.6.3. Japan
  - 10.5.6.4. Australia
  - 10.5.6.5. Rest of Asia-Pacific
10.6. Middle East and Africa
- 10.6.1. Introduction
- 10.6.2. Key Region-Specific Dynamics
- 10.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
- 10.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Lubricant
- 10.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User

11. Competitive Landscape

11.1. Competitive Scenario
11.2. Market Positioning/Share Analysis
11.3. Mergers and Acquisitions Analysis

12. Company Profiles

12.1. BASF SE*
- 12.1.1. Company Overview
- 12.1.2. Lubricant Portfolio and Description
- 12.1.3. Financial Overview
- 12.1.4. Key Developments
12.2. Lanxess
12.3. Afton Chemical
12.4. Chevron Oronite Company LLC
12.5. Croda International Plc
12.6. Evonik Industries AG
12.7. Infineum International Limited
12.8. The Lubrizol Corporation
12.9. Shamrock Oils & Petrochemicals
12.10. Jinzhou Tianhe Chemicals Co Ltd

LIST NOT EXHAUSTIVE