Lubricant Additives Companies (2024 - 2029)

Lubricant Additives Market Companies Summary

The lubricant additives market has faced challenges due to the Covid pandemic, with restrictions leading to decreased maintenance requirements across multiple industries, especially automotive and construction. However, the market has started to recover and grow, driven by heightened activities in these sectors. The market's growth is also influenced by stringent environmental regulations regarding emissions and industrial growth in the Middle East and Africa. Despite this, extended oil change intervals in machinery and automobiles could potentially restrain market growth. The market is seeing an increased demand from the automotive and transportation industry, with lubricants being widely used in engine oils, gear oils, transmission oils, greases, and compressor oils. Lubricants are also popular in the aftermarket and among Original Equipment Manufacturers (OEMs). The strong growth of composites in the aerospace industry is expected to bring changes in corrosion inhibitors and removal fluids. The market for lubricant additives is expected to be driven by these factors in the coming years.