Lubricant Additives Market Size Projected to Reach US$20.6 Billion by 2031, with Asia Pacific Leading at 44% Market Share

Global Lubricant Additives Market reached US$16.5 billion in 2023 and is expected to reach US$20.6 billion by 2031, growing with a CAGR of 2.8% during the forecast period 2024-2031.

The Lubricant Additives Market is growing due to rising demand for high-performance engines, stricter emission regulations, and the need for enhanced fuel efficiency, durability, and eco-friendly lubricant solutions globally.

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United States: Key Industry Developments

✅ November 2025: Lucas Oil launched a new hybrid‐engine additive product line, designed specifically for enhanced performance and durability in hybrid vehicles, addressing fuel economy and emissions needs.

✅ October 2025: LANXESS introduced an ISCC PLUS‐certified sustainable version of its Additin RC 2515 extreme pressure lubricant additive, boosting sustainability with over 80 % renewable material content for industrial and metalworking oils.

✅ September 2025: Afton Chemical released HiTEC® 12582, marketed as the first commercially available hydrogen heavy‐duty engine lubricant additive, enhancing oil performance and emissions control for alternative‐fuel trucking.

✅ August 2025: Chevron Oronite and other U.S. players expanded production and additive portfolio investments, aligning with rising demand for high‐performance industrial and automotive lubricant additives across North America, including tailored blends for stringent regulations.

Japan: Key Industry Developments

✅ October 2025: LANXESS's ISCC PLUS‐certified sustainable additive variant (Additin RC 2515) became available, supporting Japanese and regional manufacturers aiming at more eco‐friendly lubricant blends.

✅ September 2025: Sumitomo Chemical initiated operations at a pilot bio‐propylene facility at Chiba Works, aimed at producing key feedstock for bio‐based lubricant additive production, expanding Japan's sustainable additive capabilities.

✅ Mid‐2025 (general trend): Japanese additive demand remained high for anti‐wear, friction modifier, and precision lubricant chemistries supporting advanced automotive engineering, robotics, and industrial machinery; manufacturers focused on next‐generation formulations for EV and hybrid powertrains.

Lubricant Additives Market Recent M&A activities:-

→ In February 2025, Univar Solutions LLC acquired Brad‐Chem Holdings, a UK‐based leader in corrosion control products and lubricant additives, enhancing Univar's distribution, blending, and specialty additive portfolio across Europe. The acquisition was announced on 6 February 2025; transaction value was not publicly disclosed in official sources.

Lubricant Additives Market key Players:-

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.

Top 5 Key Players Analysis:-

1. The Lubrizol Corporation - 32% market share; market‐leading independent supplier with the broadest additive portfolio and strong R&D driving advanced engine and industrial lubricant solutions.

2. Infineum International Limited - 20% market share; strong joint venture between ExxonMobil & Shell, known for high‐performance friction modifiers, detergents and OEM alignment.

3. Chevron Oronite Company LLC - 18% market share; globally integrated additive producer with extensive portfolio in viscosity index improvers, anti‐wear and heavy‐duty chemistries.

4. Afton Chemical - 15% market share; specialized additive provider with significant presence in automotive and industrial blends and collaborative customer support.

5. BASF SE - 9% market share; diversified chemical giant with strong lubricant additive chemistries in detergents, dispersants and low‐SAPS formulations.

Lubricant Additives Market Top Technological Partnerships (2026 & 2025):-

Infineum & Rianlon Strategic Framework Agreement (Jan 2026)
Infineum, a global specialty chemical leader for lubricants & fuels, signed a strategic framework agreement with Chinese manufacturer Rianlon Corporation to strengthen the Asia‐Pacific lubricant additive supply chain. This collaboration merges Infineum's global formulation expertise with Rianlon's component manufacturing and regional capabilities, addressing supply continuity, logistics efficiency, and cost competitiveness across China and wider APAC markets.

ProFluid & Yasho Industries Partnership (May 2025)
ProFluid, LLC entered a strategic distribution partnership with Yasho Industries Ltd., making ProFluid the exclusive distributor and sales agent in North America for Yasho's grease, lubricant, and metalworking additives. The alliance supports stronger market presence, enhanced customer access to high‐performance additive technologies, and expanded R&D facilities for accelerated innovation.

Azelis & SI Group Expanded Collaboration (Effective 2024-Ongoing into 2025)
Azelis expanded its partnership with performance additive specialist SI Group to cover the entire European market (including France, Benelux, Middle East, and Africa). This distribution and technical collaboration enables both companies to combine additive portfolios and formulation expertise to deliver innovative and more sustainable lubricant additive solutions.

This report addresses:
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Market estimates and forecasts from 2024-2032
Growth opportunities and trend analyses
Segment and regional revenue forecasts for market assessment
Competition strategy and market share analysis
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COVID-19's impact and how to sustain in these fast-evolving markets

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Lubricant Additives Market Drivers :-

The global surge in automotive manufacturing is a central narrative in the lubricant additives market's growth. With vehicle output climbing-reaching over 92 million units in 2023-automakers are increasingly specifying advanced additives that boost fuel efficiency, reduce engine wear, and meet tighter emission standards. This accelerates adoption of dispersants, anti‐wear agents, and friction modifiers in engine oils and gear fluids, directly translating into higher additive volumes and premium product uptake.

Across major markets, tightening environmental and performance standards (such as Euro VI, API, ACEA, and ILSAC ratings) are compelling OEMs and formulators to adopt sophisticated additive packages. The proportion of low‐SAPS compliant formulations continues to rise as regulators enforce lower sulfur, phosphorus, and ash content, pressuring formulators to innovate and differentiate their products.

Rapid industrial growth, especially in construction, mining, and manufacturing sectors, is increasing reliance on high‐performance lubricants. Additives that enhance anti‐wear protection, oxidation stability, and thermally stable lubrication are more widely deployed as machinery utilization rates remain high (often 70-85%+ in continuous operations), extending equipment lifecycles and reducing costly downtime.

Global initiatives targeting energy efficiency are reshaping lubrication strategies. Industrial players adopting advanced lubrication solutions report significant gains in operational efficiency and reduced energy waste. These drivers-mirroring broader energy efficiency goals such as a potential 30% reduction in energy consumption by 2040 through efficiency measures-underscore the strategic value of additives that cut friction and improve equipment performance.

Lubricant Additives Market Regional Insights:-

Asia‐Pacific
Asia‐Pacific dominates the global lubricant additives market, holding the largest share (44%) driven by rapid industrialization, automotive production, and manufacturing expansion across China, India, Japan, and South Korea.
Growth is boosted by strong base oil availability and rising demand for high‐performance engine and industrial additives, making this region the key growth engine globally.

North America
North America accounts for roughly 28% of the global lubricant additives market, supported by a strong automotive base, stringent emission standards, and high industrial lubricant consumption.
The U.S. leads regional demand, with Canada and Mexico contributing through industrial and manufacturing applications, sustaining steady market expansion.

Europe
Europe holds about 25% of the global lubricant additives market, underpinned by mature automotive and industrial sectors and regulatory focus on fuel efficiency and emissions compliance.
Demand in Europe is steady with emphasis on additive formulations that meet strict environmental and performance standards.

Lubricant Additives Market Market Segmentation

By Function: The lubricant additives market is segmented based on their functional role in enhancing lubricant performance. Key functions include dispersants, viscosity modifiers, detergents, anti-wear and extreme pressure additives, corrosion inhibitors, anti-oxidants, emulsifiers, friction modifiers, and others, each designed to improve efficiency, protect machinery, and extend lubricant life.

By Lubricant Type: The market is classified according to the type of lubricants in which additives are used. This includes engine oils, hydraulic oils, transmission fluids, metalworking oils, greases, industrial gear oils, concrete release agents, chainsaw oils, compressor oils, and other specialized lubricants, catering to diverse industrial and automotive applications.

By End User: Additives are further segmented by the industries that consume them, including automotive, locomotive, aerospace & marine, refrigeration, construction, metallurgy & metalworking, and other sectors. This segmentation reflects the varied demand across industries requiring tailored lubricant solutions for optimal performance.

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