Lubricating Oil Additive Market

Lubricating oil additive market: find the most recent statistics enhanced by an Ai-driven business intelligence platform. Info cover trade, exports, production, consumption, imports, market size, market prices, and companies. There is a breakdown by country, including EU, Russia, the U.S., Africa, the U.K., China, the Middle East, and Latin America. Market trends and outlook to 2030 are also provided in the snapshots.


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Lubricating Oil Additive - World's Largest Markets

RatingCountry
1China
2United States
3Japan
4India
5France

In value terms, the largest lubricating oil additive markets worldwide were China, the United States and Japan, with a combined 40% share of the global market. These countries were followed by India, France, Brazil, Russia, Mexico, Germany, Belgium, Italy, Canada and Spain, which together accounted for a further 37%.

Belgium saw the highest rates of growth with regard to market size, among the main consuming countries over the period under review, while lubricating oil additive market for the other global leaders experienced more modest paces of growth.

Lubricating Oil Additive Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Belarus212417811759-9.0%
China334124272336-16.4%
India282620502568-4.7%
Singapore311131663034-1.2%
France357732153172-5.8%
United States346636693242-3.3%
Italy339132863363-0.4%
Belgium3341336135402.9%
Netherlands427937843640-7.8%
Germany4324397345542.6%
Average340932823175-3.5%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Germany ($4,554 per ton), while Belarus ($1,759 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the other global leaders experienced mixed trends in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
South Korea4070418240900.2%
Germany3662403937921.8%
France3474354737003.2%
Japan364436893533-1.5%
Netherlands355133323394-2.2%
United States3311348733390.4%
China3284335333180.5%
Belgium382536403019-11.2%
Singapore310131073019-1.3%
Brazil311431403006-1.7%
United Arab Emirates2965295129740.2%
Russia349029002864-9.4%
Italy293927882671-4.7%
Average342934293343-1.3%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was South Korea ($4,090 per ton), while Italy ($2,671 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by France, while the other global leaders experienced more modest paces of growth.

Lubricating Oil Additive - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
China1.11.11.1-0.8%
Germany0.50.70.720.4%
Belgium0.30.30.742.5%
France0.50.50.69.4%
Singapore0.80.60.6-13.4%

In value terms, China ($1.1B), Germany ($704M) and Belgium ($674M) were the countries with the highest levels of imports in 2020, together comprising 26% of global imports.

In terms of the main importing countries, Belgium saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Lubricating Oil Additive - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
United States2.32.42-7.1%
France2.32.21.8-11.7%
Singapore1.81.81.6-6.0%
Italy110.9-3.2%
Belgium0.70.70.74.6%

In value terms, the largest lubricating oil additive supplying countries worldwide were the United States ($2B), France ($1.8B) and Singapore ($1.6B), with a combined 61% share of global exports. Italy, Belgium, Germany, China, the Netherlands, India and Belarus lagged somewhat behind, together accounting for a further 30%.

Among the main exporting countries, India recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Lubricating Oil Additive - Market Forecast

Driven by increasing demand for lubricating oil additive worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Lubricating Oil Additive - Product Coverage

  • HS 381121 - Lubricating oil additives; containing petroleum oils or oils obtained from bituminous minerals
  • HS 381129 - Lubricating oil additives; not containing petroleum oils or oils obtained from bituminous minerals
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World - Additives for Lubricating Oils - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global lubricating oil additive market.

Central Asia - Additives for Lubricating Oils - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the lubricating oil additive market in Central Asia.

Africa - Additives for Lubricating Oils - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the lubricating oil additive market in Africa.

Eastern Asia - Additives for Lubricating Oils - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the lubricating oil additive market in Eastern Asia.

Latin America and the Caribbean - Additives for Lubricating Oils - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the lubricating oil additive market in Latin America and the Caribbean.

Southern Asia - Additives for Lubricating Oils - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the lubricating oil additive market in Southern Asia.

Middle East - Additives for Lubricating Oils - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the lubricating oil additive market in the Middle East.

Australia and Oceania - Additives for Lubricating Oils - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the lubricating oil additive market in Australia and Oceania.

South-Eastern Asia - Additives for Lubricating Oils - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the lubricating oil additive market in South-Eastern Asia.

Northern America - Additives for Lubricating Oils - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the lubricating oil additive market in Northern America.

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