Engine Oil Additive Market Analysis

Engine Oil Additive Market Overview

The Engine Oil Additive Market Size was valued at USD 19.82 Billion in 2023. The engine oil additive industry is projected to grow from USD 20.51 Billion in 2024 to USD 27.01 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.50% during the forecast period (2024 - 2032). Chemical substances which are used to improve the performance of engine oils are known as engine oil additives. Additives are chosen for their capacity to accomplish certain tasks when combined with other additives. They're designed to work with a certain base oil and for a certain purpose. Antioxidants, dispersants, detergents, anti-wear agents, viscosity modifiers, demulsifiers, and extreme-pressure additives are among the most common types of functional additives. The automobile sector is the greatest end-use application of engine oil. Furthermore, engine oil additives are used in a variety of industrial applications, such as metalworking fluids, industrial engine oils, and so on.

With considerable research on the development efforts undertaken by top manufacturers for producing oil additives and improved base oil, the engine oil additives market is increasing considerably. This study was primarily concerned with assessing the growth of oil, which has the potential to raise the mechanical efficacy of internal combustion engines by 10% by preventing additional wear or injury to the emission after-treatment system. Along with that the rising automotive industry and industrialization in a developing country are adding fuel to the growth of the Engine Oil Additive Market. However, changing oil costs and tight government restrictions are expected to stymie worldwide industry expansion. Furthermore, the burgeoning Latin American automobile sector and rapid industrialization in emerging nations are likely to provide profitable growth possibilities over the assessment period.

This report contains all the information on the Engine Oil Additive Market research and market strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors. And a detailed analysis of the global engine oil additive market and forecast for 2027 is also included in the report.  

November 2024: During the Event, the high-performance lubricants known as the ENERG G1 Xtreme PLUS 5W30 API SP – ACEA C3 Fully Synthetic Engine Oil, which has received international approval from Mercedes-Benz, was launched. EnerG Lubricants has, in conjunction with GAT GmbH of Germany, spread out its GAT X EnerG product line. The new line of products comprises consumables of the automotive industry including fuel system cleaners, engine care, auto products, body care, and car detailing products. Senior management and executives from the company were also able to implement the company's product launch strategy in the region, and among new products were the GAT EnerG G1 Engine Flush, GAT EnerG G1 Engine Oil Booster, GAT EnerG G1 Diesel Engine Cleaner, and GAT EnerG G1 Octane Boosters. More significantly, the focus of the event was the introduction of the ENERG G1 Xtreme PLUS 5W30 API SP – ACEA C3 Fully Synthetic Engine Oil which is a lubricant product that has gained international recognition. The new synthetic oil is specifically tailored for Indian automobiles and is expected to provide better performance and endurance.

July 2024: Lubrizol announced the launch of a new technology for the engine oil additives for passenger cars called Lubrizol PV1710, which the company explained would help oil marketers meet the performance requirements of ILSAC GF-7, a new passenger car engine oil specification that becomes effective in March 2025. The company also noted that the lubricant is intended for use in engines that conform to the Guaranteed Fuel Efficiency Program (GF-7) and provide capabilities that meet the dexos 1 specification. Core technology testing is finished and further testing is in progress to include industry needs. Lubrizol PV1710 will reach the oil marketers long before the first-license deadline, which will ensure that they are adequately ready for the market. This product aims to cover a wide range of base stocks and viscosity grades, thus allowing customers to meet GF-7 demand within a short time period.

Market Dynamic

•         Drivers

The growing demand for fuel-efficient automobiles is driving the engine oil additives industry. Engine oil additives improve engine performance by keeping the engine oil's desirable qualities. Another driver of the Engine Oil Additive Market is the implementation of rigorous emission rules, particularly for cars. The use of engine oil additives results in full combustion of the fuel, which reduces the emission of hazardous gases.

•       Opportunities

Electric cars are becoming increasingly popular owing to their zero-emission properties. The increase in demand for engine oil additives in the car and machinery industries represents a significant opportunity for the engine oil additives market.

•         Restraints

The rise of battery-powered vehicles (BEVs) is a major restraint to the Engine Oil Additive Market. The fluctuation in the prices of the raw materials is another big restraint of the global engine oil additive market.

•       Challenges

Extended engine oil drain intervals and the small influence of electric cars in the future are major challenges that are impacting the growth of the Engine Oil Additive Market, generating a negative influence on demand for the engine oil industry.

Cumulative Growth Analysis

The automobile and other transportation segments use the most engine oil. Engine oils, which are often used to lubricate internal combustion engines, are made up of 75-90 percent basic oils and 10-25 percent additives. Furthermore, worldwide sales of electric cars climbed by 39 percent year over year in 2020 to reach 3.1 million units, while overall passenger car sales decreased by 15.9 percent from 63.73 million units in 2019 to 53.59 million units in 2020, which is likely to impede engine oil additive market growth.

Value Chain Analysis

According to the reports, the Engine Oil Additive Market is segmented on the basis of types, end-users, and regions. On the basis of type, the Engine Oil Additive Market is further distributed into anti-oxidants, detergents, corrosion inhibitors, dispersants, friction modifiers, and others. Anti-oxidants prevent the oxidation of oils. Anti-oxidants include zinc dithiophosphate (ZDP), alkyl sulfides, aromatic sulfides, aromatic amines, and hindered phenols. This sector has the biggest market share and is predicted to develop significantly due to rising demand from end-use industries. Detergents neutralize the lubricant's strong acids and remove the neutralization products from the metal surface. Engine oils frequently include detergents. Some of the most frequent materials used as detergents include phenolates, sulphonates, and alkaline phosphonates. Corrosion inhibitors generate a barrier coating on the surface of the substrate, slowing the rate of corrosion. In addition, the inhibitors soak on the metal surface, generating a layer that protects the component from the assault of oxygen, water, and other chemically active substances. Alkaline chemicals, amino-acid, ester, and organic acids derivatives are some of the most prevalent corrosion inhibitors. Dispersants are used to keep foreign particles in a lubricant, such as sludge and varnish, dirt, and oxidation products, isolated. Long-chain hydrocarbons and succinimides are examples of common dispersants. Friction modifiers lower the coefficient of friction, which results in decreased fuel usage. Graphite, molybdenum disulfide, boron nitride, and other friction modifiers are examples. Anti-wear additives pour point depressants, viscosity index improvers, anti-foaming agents, and other additives are included in the others segment.

On the basis of End-User, the Engine Oil Additive Market is segmented into automotive, industrial, and others. In the engine oil additive market, the automotive segment maintained the biggest market share. Engine oil additives are widely utilized in the automotive sector, including passenger cars, trucks, motorbikes, and other vehicles. In the engine oil additives market, the industrial category grew the fastest. The segment's rise is primarily related to expanding industrialization, particularly in Asia-emerging Pacific nations, and increased demand from different end-use sectors for maintaining and safeguarding their equipment and machinery. Other areas include the maritime, aviation, and railway sectors, among others.

Segmentation Overview

The market is segmented on the basis of the types, end-users, and regions. The Engine Oil Additive Market is expected to witness decent growth during the forecast period.

By Type

Based on the application, the Engine Oil Additive Market is segmented into antioxidants, detergents, corrosion inhibitors, dispersants, friction modifiers, and others.

By end-users

Based on the propulsion types, the Engine Oil Additive Market is segmented into automotive, industrial, and others.

Regional Analysis

According to the reports, on the basis of region, the Engine Oil Additive Market is segmented into North America, Europe, Asia-pacific, the middle east & Africa, and Latin America. Due to the extreme region's large-scale manufacturers, tight regulations, and established automotive sector, the North American market is the largest engine oil additive market. Stringent government standards, modern technology, and well-established enterprises in Europe are driving demand for the engine oil additive market. Asia-Pacific is the fastest-growing regional market because of the region's expanding automobile sector. Emerging economies such as India, China, and Thailand have the most potential for growth. The demand for Engine Oil Additive is expanding in Middle East & Africa as a result of the increased emphasis on enhancing industrial production and increased awareness among end-users. The Latin American market for Engine Oil additives is expected to grow significantly owing to rising demand from the region's key end-use industries.

Competitive Landscape

The Engine Oil Additive Market is quite fragmented due to the presence of major key players in the market. These players are focused on manufacturing cost-effective products and to strengthen their roots in the global market they are focused on mergers and acquisitions, new product launches, etc.

Major Key Players

• BASF SE


• Evonik 


• LANXESS


• Chevron Oronite


• Croda International Plc


• Lubrizol Corporation


• Infineum International Ltd


• Vanderbit Chemicals LLC


• Lanzhou Lanlian Additive Co., Ltd


• Jinzhou Kangtai Lubricant Additives Co., Ltd.


• Wuxi South Petroleum Additive Co., Ltd.


• Afton Chemical Japan Corporation

Report Overview

The following report comprises of –

• Market overview 


• Covid 19 Analysis


• Market Dynamic


• Drivers


• Opportunities


• Restraints 


• Challenges


• Cumulative Growth Analysis


• Value Chain Analysis


• Segmentation Overview 


• By Type


• By End-Users


• Regional Analysis


• Competitive landscape 

Recent Developments

•  April 2021 : Valvoline Inc., an affluent developer of premium lubricants as well as automotive services based in the United States, has introduced ValvolineTM High Mileage 150k containing MaxLifeTM Plus Technology Synthetic Blend, which is the first-ever engine oil created to cater to the unique requirements of engines with more than 150,000 miles. The engine oil’s advanced formula helps bring down the total oil consumption in high mileage, older engines, while the Moly Additive ProtectionTM in the oil offers impressive wear protection, enhancing the engine power as well as performance.


• July 2021 : Graphene-XT, the Graphene Flagship partner company, has launched a lubricating oil additive for petrol and diesel engines for motorcycles and cars. The company’s research team has studied the role of graphene in making oil stable, carrying out high-intensity analysis in a motocross motorcycle’s engine. Using graphene as an additive in the lubricating oil, the team has developed Graphene-XT that helps enhance the stability and performance of the oil, leading to higher compression and reduced wear & tear in various engine parts of both motorcycles and cars.


•  Worldwide sales of electric cars climbed by 39 percent year over year in 2020 to reach 3.1 million units.

Lubricant Additive Types:

• Anti-oxidants


• Detergents


• Corrosion inhibitors


• Dispersant


• Friction modifiers

Breakup by End-Use:

• Automotive


• Industrial 

Breakup by Region:

North America

• United States


• Canada

Asia Pacific

• China


• Japan


• India


• South Korea


• Australia


• Indonesia


• Others

Europe

• Germany


• France


• United Kingdom


• Italy


• Spain


• Russia


• Others

Latin America

• Brazil


• Mexico


• Others

Middle East and Africa