NEW
YORK, July 16, 2024 /PRNewswire/ -- The
global lubricant anti wear agents market size is
estimated to grow by USD 108.6
million from 2024-2028, according to Technavio. The market
is estimated to grow at a CAGR of 2.78% during the
forecast period. Increasing need for reliable machinery
and effective maintenance is driving market growth, with a trend
towards advances in engine oil technology. However, fluctuations in
crude oil prices poses a challenge. Key market players include
Afton Group, AMSOIL Inc., ASL CamGuard, BASF SE, BRB International
BV, Chevron Corp., Clariant International Ltd., Croda International
Plc, DOG Chemical Products Ltd. And Co. Kg, Dorf Ketal Chemicals I
Pvt. Ltd., Dover Chemical Corp., Eni SpA, Evonik Industries AG,
Exxon Mobil Corp., Infineum International Ltd., Italmatch Chemicals
Spa, Lanxess AG, Solvay SA, The Lubrizol Corp., and Wuxi Southern
Petroleum Additives Co. Ltd..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Channel (Captive and
Merchant), Type (Zinc dialkyl di-thiophosphate, Phosphate,
Phosphite, and Phosphonate), and Geography (APAC, Europe, North
America, Middle East and Africa, and South America)
|
Region
Covered
|
APAC, Europe, North
America, Middle East and Africa, and South America
|
Key companies
profiled
|
Afton Group, AMSOIL
Inc., ASL CamGuard, BASF SE, BRB International BV, Chevron Corp.,
Clariant International Ltd., Croda International Plc, DOG Chemical
Products Ltd. And Co. Kg, Dorf Ketal Chemicals I Pvt. Ltd., Dover
Chemical Corp., Eni SpA, Evonik Industries AG, Exxon Mobil Corp.,
Infineum International Ltd., Italmatch Chemicals Spa, Lanxess AG,
Solvay SA, The Lubrizol Corp., and Wuxi Southern Petroleum
Additives Co. Ltd.
|
Key Market Trends Fueling Growth
The lubricant anti wear agents market is experiencing
significant growth due to the adoption of advanced technologies in
engine oil production. Vendors are investing in improving engine
oil efficiency through the use of advanced antioxidants,
surfactants, high-pressure agents, and superior corrosion
inhibitors. A notable trend in the market is the use of bonded
technology, where high-pressure lubricants are formulated through
the chemical treatment of hydrocarbons. These advanced lubricants
offer superior stability and resistance to extreme temperatures and
pressures, resulting in improved engine performance and clearer
emissions. Notably, vendors are reducing the usage of particles
such as graphite, molybdenum disulfide, and polytetrafluoroethylene
resins to further enhance engine performance. These developments in
engine oil technology are expected to drive the growth of the
lubricant anti wear agents market during the forecast
period.
The Lubricant Anti-Wear Agents Market is witnessing significant
trends in various sectors. With the rise in metal-to-metal friction
in gears parts, the demand for effective anti-wear agents is
increasing. Collaborations and plant expansions are on the rise in
the industry to meet this demand. The renewable energy sector is
also driving growth, with a focus on alternative fuels like
biodiesel, ethanol, and natural gas. The automobile sectors,
including passenger automobiles and commercial vehicles, are major
consumers of gear oil, transmission fluid, hydraulic fluid, and
motor vehicle lubricants. Crude oil prices impact the market,
making the search for alternatives like CO2 (Carbon dioxide) and
alternative lubricant agents like Zinc Di-thiophosphate (ZDP),
Tricresyl phosphate (TCP), Halocarbons, Stearic acid, Glycerol
mono-oleate, and various phosphate, phosphonate, and phosphite
derivatives essential. Sales channels, including merchants and
captive, are adapting to these trends, offering a wide range of
anti-wear agents, AW additives, and lubricating agents like engine
oil, automotive gear oil, automotive transmission fluid,
metalworking fluid, greases, and hydraulic oil. The market is
dynamic, responding to changing needs in industries and public
health emergencies.
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Market Challenges
- The global lubricant anti wear agents market is significantly
influenced by the cost of raw materials, primarily crude oil. As
mineral oil-based and synthetic lubricants are derived from crude
oil, the market's growth may be hindered due to fluctuating crude
oil prices. These price fluctuations can negatively impact
manufacturers and end-users by increasing the cost of raw
materials. Volatility in crude oil prices is a significant factor
causing instability in the market. For instance, the price of Brent
crude oil decreased from USD101 per
barrel in 2022 to USD83 per barrel in
2023. Synthetic lubricants, which are primarily derived from
hydrocarbons obtained from petroleum, are also affected by these
price fluctuations. Other sources of raw materials for lubricants
include synthetic esters, PAOs, phosphate esters, glycols, and
silicate esters. The unpredictability of raw material prices can
hamper the growth of the global lubricant anti wear agents market
by impacting supply and profit margins.
- The Lubricant Anti-Wear Agents market faces several challenges
in various industries. In manufacturing sectors, metal-to-metal
friction in gears and machinery parts requires effective anti-wear
solutions. Collaborations and plant expansions are key strategies
for market players to stay competitive. Renewable energy transition
brings new opportunities with the use of alternative fuels like
biodiesel, ethanol, and natural gas. However, public health
emergencies and automobile sectors' shift towards electric vehicles
pose threats to the traditional lubricant agent industry. Crude oil
prices and the availability of alternatives like CO2, phosphate,
phosphonate, and phosphite impact the market dynamics. Zinc
Di-thiophosphate (ZDP), Tricresyl phosphate (TCP), Halocarbons,
Stearic acid, Glycerol mono-oleate, Grease, and Metalworking fluid
are popular anti-wear agents. Sales channels include merchants and
captive consumers in sectors like automotive (engine oil,
automotive gear oil, automotive transmission fluid, motor
vehicles), industrial (gear oil, transmission fluid, hydraulic
fluid), and metalworking.
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challenges - Download a Sample Report
Segment Overview
This lubricant anti wear agents market report extensively covers
market segmentation by
- Channel
- Type
- 2.1 Zinc dialkyl di-thiophosphate
- 2.2 Phosphate
- 2.3 Phosphite
- 2.4 Phosphonate
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Captive- The Lubricant Anti-Wear Agents Market
refers to the business sector supplying additives that prevent wear
and tear in lubricants. These agents enhance the performance and
longevity of machinery by reducing friction and protecting against
corrosion. Key players in this market include BASF SE, Shell, and
ExxonMobil. Growing demand for improved machinery efficiency and
longer operational life drives market growth. Market size was
valued at USDXX billion in 2020 and is projected to reach USDYY
billion by 2026, with a CAGR of ZZ%.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
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Research Analysis
The lubricant anti-wear agents market encompasses a range of
additives, including P-Derivatives, Phosphates, Phosphonates, and
Phosphites. These agents are essential in various types of
lubricants, including engine oil, automotive gear oil, automotive
transmission fluid, metal working fluid, greases, hydraulic oil,
and others. Merchants and captive users are significant consumers
of these anti-wear agents, also known as AW additives or
lubricating agents. They help reduce metal-to-metal friction in
gears and other parts, enhancing the performance and longevity of
machinery. Collaborations, plant expansions, and innovations in the
automobile sectors, particularly in passenger automobiles and
commercial vehicles, are driving the market growth. Renewable
energy and public health emergencies are also creating new
opportunities. The market for gear oil, transmission fluid,
hydraulic fluid, and motor vehicles continues to expand, fueling
the demand for anti-wear agents. Petroleum products remain a
significant raw material source for these agents, but research into
alternative sources is ongoing.
Market Research Overview
The lubricant anti-wear agents market encompasses a range of
additives including P-Derivative, Phosphate, Phosphonate, and
Phosphite. These agents play a crucial role in reducing
metal-to-metal friction in various applications such as engine oil,
automotive gear oil, automotive transmission fluid, metalworking
fluid, greases, and hydraulic oil. Merchants and captive users are
the primary consumers of these anti-wear agents, also known as AW
additives or lubricating agents. Collaborations and plant
expansions are driving growth in the market. The renewable energy
sector is also adopting these agents in gear oils, transmission
fluids, and hydraulic fluids for use in wind turbines and other
renewable energy equipment. The automobile sectors, including
passenger automobiles and commercial vehicles, are significant
consumers of these agents due to increasing demand for
fuel-efficient and durable vehicles. The lubricant agent industry
is influenced by factors such as crude oil prices, alternative
fuels like CO2 (Carbon dioxide), biodiesel, ethanol, and natural
gas. Key trends include the use of Zinc Di-thiophosphate (ZDP),
Tricresyl phosphate (TCP), Halocarbons, Stearic acid, and Glycerol
mono-oleate in various lubricant applications. The sales channel
for these agents includes direct sales, distributors, and
retailers. The active automobiles sector is expected to witness
significant growth due to the increasing demand for motor vehicles
and petroleum products.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Channel
-
- Type
-
- Zinc Dialkyl Di-thiophosphate
- Phosphate
- Phosphite
- Phosphonate
- Geography
-
- APAC
- Europe
- North America
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
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