Lubricant Antioxidant Market
Lubricant Antioxidant Market Study by Primary, Antioxidants, and Multifunctional Antioxidants for Automotive & Transportation, Industrial, and Speciality & Fuels from 2023 to 2033
Analysis of Lubricant Antioxidant Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Lubricant Antioxidant Market Outlook (2023 to 2033)
The global lubricant antioxidant market is valued at US$ 1.92 billion in 2023, as per the latest study published by Fact.MR. Over the assessment period (2023 to 2033), worldwide demand for lubricant antioxidants is projected to rise at a CAGR of 3.7% and reach a market size of US$ 2.76 billion by 2033-end.
Growing industrialization in several developing countries is predicted to lead to the increased use of equipment and machinery, which is further boosting the demand for lubricant antioxidants for the protection of machines. Multiple safety and environmental regulations are imposed to boost the development and adoption of environmentally friendly and more efficient lubricant antioxidants. This also leads to the conduction of R&D activities by players to match set regulations.
Key Market Growth Drivers
- Imposition of stringent emission control regulations along with high fuel economy standards is predicted to lead to higher demand for lubricant antioxidants from the automotive sector.
- Lubricant antioxidants play a vital role in improving the durability of engines by forming protective layers on engine parts. Demand for lubricant antioxidants is projected to increase with a growing concentration on preventive maintenance.
Aging infrastructure, including industrial machinery and vehicles, especially in developed countries is generating requirements for regular maintenance facilities. The application of lubricant antioxidants helps extend their operational life. Moreover, globalization is fueling the demand for lubricant antioxidants as an essential part of multiple industrial processes and transportation.
Growing demand for efficient machinery from the energy sector is anticipated to contribute to market growth. Moreover, emerging automotive trends, including the rise of hybrid vehicles and electric vehicles, are projected to positively impact the demand for lubricant antioxidants.
Extreme weather conditions in a few regions are estimated to directly impact the performance of vehicles and machinery. This further necessitates the adoption of some specialized lubricant antioxidants.
Fluctuations in the prices of raw materials used in the production of lubricant antioxidants are forecasted to lead to increased production costs, thus boosting the overall expenditure. These constant fluctuations are predicted to adversely impact market growth opportunities.
Report Attributes | Details |
---|---|
Lubricant Antioxidant Market Size (2022A) | US$ 1.85 Billion |
Estimated Market Value (2023E) | US$ 1.92 Billion |
Forecasted Market Value (2033F) | US$ 2.76 Billion |
Global Market Growth Rate (2023 to 2033) | 3.7% CAGR |
Key End-use Sector | Automotive |
Key Companies Profiled | BASF SE; Afton Chemical; Lubrizol; Infineum; Chevron Oronite Company; Songwon Industrial Group; Evonik; ENI; Jinzhou Kangtai Lubricant Additives; LANXESS; Wuxi South Petroleum Additive; ADEKA Corporation; SI Group; OXIRIS Chemicals S. A. |
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Why are Sales of Lubricant Antioxidants Increasing Steadily?
“Rising Vehicle Production and Need for Ensuring Reliable and Efficient Vehicle Operation”
Growth of the automotive sector is predicted to have a positive impact on the demand for lubricant antioxidants. The pivotal role of lubricant antioxidants in ensuring vehicles' reliable and efficient operation is predicted to widen opportunities for players. In recent years, the production of vehicles has increased to match global requirements.
Demand for lubricant antioxidants is gaining importance as many trucks, cars, and other vehicles roll off assembly lines. Lubricants are pivotal in reducing wear, heat, and friction in engines and many other mechanical components. These antioxidant additives are used extensively to enhance the longevity and performance of engines.
Majority of automakers aim to extend the maintenance intervals for vehicles. These automotive lubricants ensure the quality of drivetrain components and engines for a longer duration. This is estimated to reduce the frequency of maintenance and oil changes and offer economical solutions.
“Increasing Machinery Use Driving Demand for Lubricants for Preventing Wear and Tear”
Growing pace of industrialization, especially across developing countries, is projected to boost demand for lubricant antioxidants. This phenomenon reflects a trend of economic development, urbanization, and increased manufacturing activities. Many developing countries are undergoing rapid industrialization, including infrastructure development projects, industrial complexes, and the establishment of manufacturing plants. These end-use sectors rely heavily on equipment and machinery to support their operations.
Extensive use of machinery in the industrial sector is estimated to result in continuous wear and tear at the mechanical level. The heat and friction generated during machine operations are predicted to lead to reduced efficiency, premature component degradation, and costly downtime. Lubricant antioxidants are employed for the mitigation of these issues and provide a protective barrier in moving parts. They are also employed for the prevention of oxidative breakdown and degradation.
Lubricant antioxidants are essential for increasing operational efficiency, safeguarding machinery, ensuring compliance with safety and environmental regulations, and extending equipment lifespan.
What issues Should Manufacturers of Lubricant Antioxidants Work On?
“Stringent Regulations on Use of Synthetic Lubricant Antioxidants and Price Fluctuations”
Poor oxidation stability of multiple natural lubricant oxidants is estimated to limit their demand in the next ten years. Stringent regulations are imposed against the use of synthetic lubricant antioxidants, which are also projected to hamper product demand. In addition, constant fluctuations in the prices of raw materials are also projected to adversely impact their demand.
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What Strategies by Start-ups are Contributing to Market Growth?
“Emphasis on Improvements in Automotive Lubricant Specifications”
Growing use of biofuel, longer lubricant drain intervals, development in engine technology, and improvement in automotive lubricant specification are predicted to encourage start-ups to manufacture more efficient lubricant antioxidants. These newly developed products are projected to boost opportunities for new entrants in the coming decade.
Country-wise Insights
Asia Pacific is predicted to account for a significant share of the global market revenue, according to Fact.MR, a market research and competitive intelligence provider. The rising demand for lubricant antioxidants is attributed to their prevention of foam formation and deposits in engine oil.
Europe and North America are mature economies, and therefore, the demand for lubricant antioxidants is projected to increase at a moderate pace. The growing inclination to bio-based coolants is forecasted to contribute to regional market growth.
Why are Suppliers of Lubricant Antioxidants Attracted to the United States?
“Increasing Emphasis on Using Bio-based Lubricants”
The lubricant antioxidant market in the United States is predicted to expand at a moderate pace. Implementation of stringent regulations to handle and dispose of lubricants is leading to the rising inclination for bio-based lubricants that is bolstering demand for non-traditional lubricant antioxidants.
Which Countries in Asia Pacific are Profitable Markets for Lubricant Antioxidant Producers?
“Rising Vehicle Production Driving Sales of Lubricant Antioxidants in India, Japan, and China”
India, China, and Japan are key regional markets in Asia Pacific. Adoption of fuel efficiency norms that are linked with growing environmental concerns related to carbon emissions is predicted to boost demand for lubricant antioxidants in these countries. In addition, economic growth along with rapid industrialization is leading to increased manufacturing and possession of vehicles.
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Category-wise Insights
Worldwide demand for primary lubricant antioxidants is increasing due to their high-performance features. In addition, the automotive segment is projected to hold a noticeable share of the lubricant antioxidant market, owing to the imposition of stringent regulations and consumer’s inclination toward low-thickness fuel.
Which Factors are Contributing to Rising Use of Primary Antioxidants?
“High Demand for Primary Lubricants Due to Their Improved Performance Characteristics”
Growing use of multiple types of primary antioxidants, including aminic, and phenolic antioxidants, in lubricants is owing to their improved performance characteristics. A higher additive treatment rate and greater oxidation control compared to secondary antioxidants are contributing to rising sales.
High standards and fuel efficiency regulations in the automotive sector are generating requirements to improve lubricant performance. Therefore, the feature of primary lubricant antioxidants to offer greater oxidation control and performance is propelling their demand.
Why is the Automotive Sector a Key Contributor to the Sales of Lubricant Antioxidants?
“Need for Operationally Efficient and Low-thickness Fuel in Automobiles”
The automotive segment holds a significant share of the market in 2023. Implementation of EURO norms is leading to the regulation of the amount of carbon monoxide, hydrocarbons, nitrogen oxide, and soot emitted from vehicles. Consumers’ rising preference for low-thickness and operationally efficient fuel is fueling sales of lubricant antioxidants.
Market Competition
Manufacturers of lubricant antioxidants are investing in new developments, ensuring quality control of products, and efficient management of supply chain systems. Product launches, collaborations, etc., are some strategies adopted by players to enhance their profit share and expand their reach across regions.
For instance :
- Lanxess Aktiengesellschaft, in April 2019, announced the launch of a new organic lubricant additive, named Additin RC 3502. This is launched for application in several high-performance automotive engine oils. This newly developed additive is predicted to deliver sustained performance and anti-wear protection with reduced friction in different types of passenger cars.
- BASF SE, in January 2019, expanded its capacity for the production of lubricant antioxidants in Puebla (Mexico).
BASF SE, Afton Chemical, Lubrizol, Infineum, Chevron Oronite Company, Songwon Industrial Group, Evonik, ENI, Jinzhou Kangtai Lubricant Additives, LANXESS, Wuxi South Petroleum Additive, ADEKA Corporation, SI Group, and OXIRIS Chemicals S. A. are prominent players in the lubricant antioxidant market.
Segmentation of Lubricant Antioxidant Market Research
-
By Type :
- Primary Antioxidants
- Aminic
- Phenolic
- Secondary Antioxidants
- Phosphite
- Thioester
- Multifunctional Antioxidants
- Primary Antioxidants
-
By Form :
- Solid
- Liquid
-
By Application :
- Automotive & Transportation
- Gasoline Engine Oils
- Diesel Engine Oils
- ATF
- Gear & Axle Oils
- Industrial
- Compressor Oils
- Hydraulic Oils
- Metalworking Fluids
- Turbine Oils
- Speciality & Fuels
- Greases
- Synthetic Base Oils
- Vegetable Oils
- Fuels
- Automotive & Transportation
-
By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Market Background
- 5. Global Market Demand and Value Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 6. Global Market - Pricing Analysis
- 7. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033, by Type
- 7.1. Primary Antioxidants
- 7.1.1. Aminic
- 7.1.2. Phenolic
- 7.2. Secondary Antioxidants
- 7.2.1. Phosphite
- 7.2.2. Thioester
- 7.3. Multifunctional Antioxidants
- 7.1. Primary Antioxidants
- 8. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033, by Form
- 8.1. Solid
- 8.2. Liquid
- 9. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033, by Application
- 9.1. Automotive & Transportation
- 9.1.1. Gasoline Engine Oils
- 9.1.2. Diesel Engine Oils
- 9.1.3. ATF
- 9.1.4. Gear & Axle Oils
- 9.2. Industrial
- 9.2.1. Compressor Oils
- 9.2.2. Hydraulic Oils
- 9.2.3. Metalworking Fluids
- 9.2.4. Turbine Oils
- 9.3. Specialty & Fuels
- 9.3.1. Greases
- 9.3.2. Synthetic Base Oils
- 9.3.3. Vegetable Oils
- 9.3.4. Fuels
- 9.4. Others
- 9.1. Automotive & Transportation
- 10. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033, by Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Europe
- 10.4. East Asia
- 10.5. South Asia & Oceania
- 10.6. Middle East and Africa (MEA)
- 11. North America Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 12. Latin America Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 13. Europe Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 14. South Asia & Oceania Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 15. East Asia Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 17. Emerging Countries Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 18. Market Structure Analysis
- 19. Competition Analysis
- 19.1. BASF
- 19.2. Lubrizol
- 19.3. Chevron Oronite Company (Chevron)
- 19.4. Afton Chemical
- 19.5. Infineum (ExxonMobil)
- 19.6. Songwon Industrial Group
- 19.7. ENI
- 19.8. Evonik
- 19.9. LANXESS
- 19.10. Jinzhou Kangtai Lubricant Additives
- 19.11. Wuxi South Petroleum Additive
- 19.12. SI Group (acquired by SK Capital)
- 19.13. ADEKA Corporation
- 19.14. OXIRIS Chemicals S. A.
- 20. Assumptions and Acronyms Used
- 21. Research Methodology
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List Of Table
Table 01: Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Country/Region, 2018 to 2022
Table 02: Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Country/Region, 2023 to 2033
Table 03: Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Type, 2018 to 2022
Table 04: Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Type, 2023 to 2033
Table 05: Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Form, 2018 to 2022
Table 06: Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Form, 2023 to 2033
Table 07: Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Application, 2018 to 2022
Table 08: Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Application, 2023 to 2033
Table 09: North America Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Country, 2018 to 2022
Table 10: North America Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Country, 2023 to 2033
Table 11: North America Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Type, 2018 to 2022
Table 12: North America Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Type, 2023 to 2033
Table 13: North America Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Form, 2018 to 2022
Table 14: North America Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Form, 2023 to 2033
Table 15: North America Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Application, 2018 to 2022
Table 16: North America Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Application, 2023 to 2033
Table 17: Latin America Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Country, 2018 to 2022
Table 18: Latin America Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Country, 2023 to 2033
Table 19: Latin America Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Type, 2018 to 2022
Table 20: Latin America Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Type, 2023 to 2033
Table 21: Latin America Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Form, 2018 to 2022
Table 22: Latin America Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Form, 2023 to 2033
Table 23: Latin America Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Application, 2018 to 2022
Table 24: Latin America Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Application, 2023 to 2033
Table 25: Europe Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Country, 2018 to 2022
Table 26: Europe Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Country, 2023 to 2033
Table 27: Europe Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Type, 2018 to 2022
Table 28: Europe Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Type, 2023 to 2033
Table 29: Europe Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Form, 2018 to 2022
Table 30: Europe Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Form, 2023 to 2033
Table 31: Europe Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Application, 2018 to 2022
Table 32: Europe Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Application, 2023 to 2033
Table 33: East Asia Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Country, 2018 to 2022
Table 34: East Asia Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Country, 2023 to 2033
Table 35: East Asia Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Type, 2018 to 2022
Table 36: East Asia Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Type, 2023 to 2033
Table 37: East Asia Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Form, 2018 to 2022
Table 38: East Asia Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Form, 2023 to 2033
Table 39: East Asia Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Application, 2018 to 2022
Table 40: East Asia Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Application, 2023 to 2033
Table 41: South Asia & Oceania Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Country, 2018 to 2022
Table 42: South Asia & Oceania Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Country, 2023 to 2033
Table 43: South Asia & Oceania Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Type, 2018 to 2022
Table 44: South Asia & Oceania Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Type, 2023 to 2033
Table 45: South Asia & Oceania Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Form, 2018 to 2022
Table 46: South Asia & Oceania Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Form, 2023 to 2033
Table 47: South Asia & Oceania Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Application, 2018 to 2022
Table 48: South Asia & Oceania Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Application, 2023 to 2033
Table 49: MEA Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Country, 2018 to 2022
Table 50: MEA Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Country, 2023 to 2033
Table 51: MEA Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Type, 2018 to 2022
Table 52: MEA Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Type, 2023 to 2033
Table 53: MEA Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Form, 2018 to 2022
Table 54: MEA Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Form, 2023 to 2033
Table 55: MEA Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Application, 2018 to 2022
Table 56: MEA Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Application, 2023 to 2033
Table 57: China Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Type, 2018 to 2022
Table 58: China Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Type, 2023 to 2033
Table 59: China Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Form, 2018 to 2022
Table 60: China Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Form, 2023 to 2033
Table 61: China Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Application, 2018 to 2022
Table 62: China Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Application, 2023 to 2033
Table 63: India Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Type, 2018 to 2022
Table 64: India Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Type, 2023 to 2033
Table 65: India Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Form, 2018 to 2022
Table 66: India Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Form, 2023 to 2033
Table 67: India Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Application, 2018 to 2022
Table 68: India Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Application, 2023 to 2033
Table 69: Mexico Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Type, 2018 to 2022
Table 70: Mexico Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Type, 2023 to 2033
Table 71: Mexico Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Form, 2018 to 2022
Table 72: Mexico Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Form, 2023 to 2033
Table 73: Mexico Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Application, 2018 to 2022
Table 74: Mexico Market Value (US$ Mn) and Volume (Kilo tons) Analysis, by Application, 2023 to 2033
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List Of Figures
Figure 01: Global Market Value & Y-o-Y Growth Forecast, 2018 to 2033
Figure 02: Global Market Volume & Forecast, 2018 to 2033
Figure 03: Global Market Absolute $ Opportunity, 2023 to 2033
Figure 04: Global Market Value Share & BPS Analysis by Type, 2018 to 2033
Figure 05: Global Market, Y-o-Y Growth, by Type 2018 to 2033
Figure 06: Global Market Attractiveness Index, By Type 2023 to 2033
Figure 07: Global Primary Market Value Share & BPS Analysis by Type, 2018 to 2033
Figure 08: Global Primary Market, Y-o-Y Growth, by Type 2018 to 2033
Figure 09: Global Secondary Market Value Share & BPS Analysis by Type, 2018 to 2033
Figure 10: Global Secondary Market, Y-o-Y Growth, by Type 2018 to 2033
Figure 11: Primary Antioxidant Market Absolute $ Opportunity by Type, 2023 to 2033
Figure 12: Secondary Antioxidant Market Absolute $ Opportunity by Type, 2023 to 2033
Figure 13: Multifunctional Antioxidant Market Absolute $ Opportunity by Type, 2023 to 2033
Figure 14: Global Market Value Share & BPS Analysis by Application, 2018 to 2033
Figure 15: Global Market, Y-o-Y Growth, by Application, 2018 to 2033
Figure 16: Global Market Attractiveness Index, By Application, 2023 to 2033
Figure 17: Global Automotive & Transportation Market Value Share & BPS Analysis by Type, 2018 to 2033
Figure 18: Global Automotive & Transportation Market, Y-o-Y Growth, by Type 2018 to 2033
Figure 19: Global Industrial Market Value Share & BPS Analysis by Type, 2018 to 2033
Figure 20: Global Industrial Market, Y-o-Y Growth, by Type 2018 to 2033
Figure 21: Global Specialty & Fuels Market Value Share & BPS Analysis by Type, 2018 to 2033
Figure 22: Global Specialty & Fuels Market, Y-o-Y Growth, by Type 2018 to 2033
Figure 23: Automotive & Transportation Market Absolute $ Opportunity by Application, 2023 to 2033
Figure 24: Industrial Market Absolute $ Opportunity by Application, 2023 to 2033
Figure 25: Specialty & Fuels Market Absolute $ Opportunity by Application, 2023 to 2033
Figure 26: Others Market Absolute $ Opportunity by Application, 2023 to 2033
Figure 27: Global Market Value Share & BPS Analysis by Form, 2018 to 2033
Figure 28: Global Market, Y-o-Y Growth, by Form, 2018 to 2033
Figure 29: Global Market Attractiveness Index, By Form, 2023 to 2033
Figure 30: Solid Market Absolute $ Opportunity by Form, 2023 to 2033
Figure 31: Liquid Market Absolute $ Opportunity by Form, 2023 to 2033
Figure 32: Global Market Value Share & BPS Analysis by Region, 2018 to 2033
Figure 33: Global Market, Y-o-Y Growth, by Region 2018 to 2033
Figure 34: Global Market Attractiveness Index, By Region 2023 to 2033
Figure 35: North America Market Absolute $ Opportunity by Region, 2023 to 2033
Figure 36: Latin America Market Absolute $ Opportunity by Region, 2023 to 2033
Figure 37: Europe Market Absolute $ Opportunity by Region, 2023 to 2033
Figure 38: East Asia Market Absolute $ Opportunity by Region, 2023 to 2033
Figure 39: South Asia & Oceania Market Absolute $ Opportunity by Region, 2023 to 2033
Figure 40: MEA Market Absolute $ Opportunity by Region, 2023 to 2033
Figure 41: North America Market Value Share & BPS Analysis by Country, 2018 to 2033
Figure 42: North America Market, Y-o-Y Growth, by Country, 2018 to 2033
Figure 43: North America Market Attractiveness Index, By Country, 2023 to 2033
Figure 44: North America Market Value Share & BPS Analysis by Type, 2018 to 2033
Figure 45: North America Market, Y-o-Y Growth, by Type 2018 to 2033
Figure 46: North America Market Attractiveness Index, By Type 2023 to 2033
Figure 47: North America Market Value Share & BPS Analysis by Application, 2018 to 2033
Figure 48: North America Market, Y-o-Y Growth, by Application, 2018 to 2033
Figure 49: North America Market Attractiveness Index, By Application, 2023 to 2033
Figure 50: Latin America Market Value & Y-o-Y Growth Forecast, 2018 to 2033
Figure 51: Latin America Market Volume & Forecast, 2018 to 2033
Figure 52: Latin America Market Absolute $ Opportunity, 2023 to 2033
Figure 53: Latin Market Value Share & BPS Analysis by Country, 2018 to 2033
Figure 54: Latin Market, Y-o-Y Growth, by Country, 2018 to 2033
Figure 55: Latin Market Attractiveness Index, By Country, 2023 to 2033
Figure 56: Latin America Market Value Share & BPS Analysis by Type, 2018 to 2033
Figure 57: Latin America Market, Y-o-Y Growth, by Type 2018 to 2033
Figure 58: Latin America Market Attractiveness Index, By Type 2023 to 2033
Figure 59: Latin America Market Value Share & BPS Analysis by Application, 2018 to 2033
Figure 60: Latin America Market, Y-o-Y Growth, by Application, 2018 to 2033
Figure 61: Latin America Market Attractiveness Index, By Application, 2023 to 2033
Figure 62: Europe Market Value & Y-o-Y Growth Forecast, 2018 to 2033
Figure 63: Europe Market Volume & Forecast, 2018 to 2033
Figure 64: Europe Market Absolute $ Opportunity, 2023 to 2033
Figure 65: Europe Market Value Share & BPS Analysis by Country, 2018 to 2033
Figure 66: Europe Market, Y-o-Y Growth, by Country, 2018 to 2033
Figure 67: Europe Market Attractiveness Index, By Country, 2023 to 2033
Figure 68: Europe Market Value Share & BPS Analysis by Type, 2018 to 2033
Figure 69: Europe Market, Y-o-Y Growth, by Type 2018 to 2033
Figure 70: Europe Market Attractiveness Index, By Type 2023 to 2033
Figure 71: Europe Market Value Share & BPS Analysis by Application, 2018 to 2033
Figure 72: Europe Market, Y-o-Y Growth, by Application, 2018 to 2033
Figure 73: Europe Market Attractiveness Index, By Application, 2023 to 2033
Figure 74: East Asia Market Value & Y-o-Y Growth Forecast, 2018 to 2033
Figure 75: East Asia Market Volume & Forecast, 2018 to 2033
Figure 76: East Asia Market Absolute $ Opportunity, 2023 to 2033
Figure 77: East Asia Market Value Share & BPS Analysis by Type, 2018 to 2033
Figure 78: East Asia Market, Y-o-Y Growth, by Type 2018 to 2033
Figure 79: East Asia Market Attractiveness Index, By Type 2023 to 2033
Figure 80: East Asia Market Value Share & BPS Analysis by Application, 2018 to 2033
Figure 81: East Asia Market, Y-o-Y Growth, by Application, 2018 to 2033
Figure 82: East Asia Market Attractiveness Index, By Application, 2023 to 2033
Figure 83: South Asia & Oceania Market Value & Y-o-Y Growth Forecast, 2018 to 2033
Figure 84: South Asia & Oceania Market Volume & Forecast, 2018 to 2033
Figure 85: South Asia & Oceania Market Absolute $ Opportunity, 2023 to 2033
Figure 86: South Asia & Oceania Market Value Share & BPS Analysis by Type, 2018 to 2033
Figure 87: South Asia & Oceania Market, Y-o-Y Growth, by Type 2018 to 2033
Figure 88: South Asia & Oceania Market Attractiveness Index, By Type 2023 to 2033
Figure 89: South Asia & Oceania Market Value Share & BPS Analysis by Application, 2018 to 2033
Figure 90: South Asia & Oceania Market, Y-o-Y Growth, by Application, 2018 to 2033
Figure 91: South Asia & Oceania Market Attractiveness Index, By Application, 2023 to 2033
Figure 92: MEA Market Value & Y-o-Y Growth Forecast, 2018 to 2033
Figure 93: MEA Market Volume & Forecast, 2018 to 2033
Figure 94: MEA Market Absolute $ Opportunity, 2023 to 2033
Figure 95: MEA Market Value Share & BPS Analysis by Country, 2018 to 2033
Figure 96: MEA Market, Y-o-Y Growth, by Country, 2018 to 2033
Figure 97: MEA Market Attractiveness Index, By Country, 2023 to 2033
Figure 98: MEA Market Value Share & BPS Analysis by Type, 2018 to 2033
Figure 99: MEA Market, Y-o-Y Growth, by Type 2018 to 2033
Figure 100: MEA Market Attractiveness Index, By Type 2023 to 2033
Figure 101: MEA Market Value Share & BPS Analysis by Application, 2018 to 2033
Figure 102: MEA Market, Y-o-Y Growth, by Application, 2018 to 2033
Figure 103: MEA Market Attractiveness Index, By Application, 2023 to 2033
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- FAQs -
What was the valuation of the lubricant antioxidant market in 2022?
The global lubricant antioxidant market was pegged at US$ 1.85 billion in 2022.
What is the sales value of lubricant antioxidants in 2023?
Worldwide sales of lubricant antioxidants are estimated at US$ 1.92 billion in 2023.
What is the demand projection for lubricant antioxidants by 2033?
Global demand for lubricant antioxidants is forecasted to reach a valuation of US$ 2.76 billion by 2033-end.
At what rate are the sales of lubricant antioxidants predicted to increase?
Sales of lubricant antioxidants are projected to rise at 3.7% CAGR through 2033.
Which end-use sector is set to contribute substantially to global market revenue?
The automotive segment is projected to hold a leading share of the market by 2033.
What are natural antioxidants?
Natural antioxidants are major phenolics that generally occur in several parts of plants, including vegetables, fruits, seeds, nuts, roots, bark, and leaves.