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Anti-wear Additives Market Report Scope & Overview:

The Anti-wear Additives Market Size was valued at USD 736.5 million in 2023, and is expected to reach USD 911.5 million by 2031, and grow at a CAGR of 2.7% over the forecast period 2024-2031.

The use of anti-wear additives during boundary film and mixed-film lubrication protects metal surfaces from deterioration and wear. It produces a protective coating to slow wear when pressure or temperature is raised at the contact surfaces. The metal contact surfaces are chemically reacted with by the anti-wear additives to shield them from corrosive acids, wear, and base oil oxidation. These additives are composed primarily of zinc and phosphorous compounds, frequently zinc dialkyl dithiophosphate (ZDDP). These are frequently used in greases, automatic transmission fluids, hydraulic oils, gear oils, and engine oils.

Anti-wear Additives Market Revenue Analysis

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The surge in demand for anti-wear additives across a variety of end-user industries, particularly the automotive industries, is one of the key reasons promoting the market's expansion.

Due to its substantial usage in gearboxes for the protection of its metal surfaces, increasing automotive production and an expanding fleet of cars are driving the market's expansion. The development of the anti-wear additives market is presented with a lucrative potential by the technological development of new vehicles like aluminium trucks and smart cars. The market's expansion is, however, adversely impacted by numerous restrictions designed to minimise greenhouse gas emissions in the environment.

Market Dynamics:

Drivers:

  • Rising interest in the automobile industry

  • strong industrial sector performance

  • The expansion of the market is being driven by rising demand from the automotive sector

Restraints:

  • Push for alternate energy

  • During the projection period, strict government rules are anticipated to impede growth

Opportunity:

  • BRIC countries provide lucrative market prospects

Challenge:

  • Fluctuating crude oil prices

Impact of COVID-19:

Impact on the automotive industry: The COVID-19 has a significant negative effect on the automobile industry, which includes engine oil, automotive gear oil, and automotive transmission fluid. Over the course of 2020 and 2021, a fall in demand for autos and commercial vehicles is anticipated. The COVID-19 pandemic has caused the production of cars in North America to stop in excess of 80%. The scenario is similar in Europe and Asia Pacific. Production has temporarily been halted by businesses like Ford, General Motors, Fiat Chrysler Automobiles, Honda, and Tesla. Even if these businesses start up again once the epidemic passes, the car industry will suffer from economic uncertainty and a drop in customer spending power.

Impact on metalworking fluid: Varying parts of the world are expected to see different COVID-19 effects on metalworking fluid. It's because different end-use industries, including manufacturing, logistics, electronics, and aerospace, have different demands for metalworking fluid. However, due to supply chain breakdowns, transportation bottlenecks, a lack of labour, and decreased demand, industrial activity has slowed down internationally and has affected numerous industries, including all of the end markets for metalworking fluids.

Hydraulic oils are affected: Hydraulic oils are frequently utilised in industrial settings, primarily as mediums for transporting power and heat. Due to its tight ties to the expansion of numerous industries, including construction and the metals industry, the demand for hydraulic oil is heavily dependent on its end users.

Market Segment:

By type

  • Zinc Dialkldithiophosphate (ZDDP)

  • P-Derivative

  • Phosphate

  • Phosphonate

  • Phosphite

By Application

  • Engine Oil

  • Automotive Gear Oil

  • Automotive Transmission Fluid

  • Metal working Fluid

  • Greases

  • Hydraulic Oil

  • Others

By Sales Channel

  • Merchant

  • Captive

Regional Analysis:

North America: The growth of the North American market is being driven by an increase in construction activity. The construction growth in 2022 climbed by 17% in Oklahoma City, 15% in Las Vegas, 15% in Hartford, and 14% in Houston, among the biggest metropolitan areas.

As a result of these factors, it is anticipated that the region's market for anti-wear additives will have strong growth.

Europe: During the forecast period, the European market is anticipated to represent a sizeable portion of the worldwide market in terms of value. Germany, Russia, and France are the top donors. For instance, Russia's expanding industrial sector is attracting a range of foreign investors.

Anti-wear-Additives-Market-By-Region

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REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Key Players:

Chemtura Corporation, Evonik, Chevron Oronite, Vanderbilt Chemicals, Lubrizol, Infineum, Tianhe Chemicals Group, Afton Chemical Corporation.

Chemtura Corporation-Company Financial Analysis

Anti-wear Additives Market Report Scope
Report Attributes Details
Market Size in 2023 US$ 736.5 Million
Market Size by 2031 US$ 911.5 Million
CAGR CAGR of 2.7% From 2024 to 2031
Base Year 2023
Forecast Period 2024-2031
Historical Data 2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Zinc  Dialkldithiophosphate (ZDDP), P-Derivative, Phosphate, Phosphonate, Phosphite)
• By Application (Engine Oil, Automotive Gear Oil, Automotive Transmission Fluid, Metal working Fluid, Greases, Hydraulic Oil, Others)
• By Sales Channel (Merchant, Captive)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Chemtura Corporation, Evonik, Chevron Oronite, Vanderbilt Chemicals, Lubrizol, Infineum, Tianhe Chemicals Group, Afton Chemical Corporation
Key Drivers • Rising interest in the automobile industry.
• strong industrial sector performance.
RESTRAINTS • Push for alternate energy
• During the projection period, strict government rules are anticipated to impede growth.

Frequently Asked Questions

Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.

 

Ans: The COVID-19 has a significant negative effect on the automobile industry, which includes engine oil, automotive gear oil, and automotive transmission fluid. Over the course of 2020 and 2021, a fall in demand for autos and commercial vehicles is anticipated. The COVID-19 pandemic has caused the production of cars in North America to stop in excess of 80%. The scenario is similar in Europe and Asia Pacific. Production has temporarily been halted by businesses like Ford, General Motors, Fiat Chrysler Automobiles, Honda, and Tesla. Even if these businesses start up again once the epidemic passes, the car industry will suffer from economic uncertainty and a drop in customer spending power.

Ans:  BRIC countries provide lucrative market prospects are the opportunity for Anti-wear Additives Market.

Ans: Fluctuating crude oil prices  are the challenges faced by theAnti-wear Additives Market.

Ans: Anti-wear Additives Market Size was valued at USD 736.5 million in 2023, and expected to reach USD 911.5 million by 2031, and grow at a CAGR of  2.7 % over the forecast period 2024-2031.

 

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

8. Anti-wear Additives Market Segment, By type

8.1 Zinc  Dialkldithiophosphate (ZDDP)

8.2 P-Derivative

8.3 Phosphate

8.4 Phosphonate

8.5 Phosphite

9. Anti-wear Additives Market Segment, By Application

9.1 Engine Oil

9.2 Automotive Gear Oil

9.3 Automotive Transmission Fluid

9.4 Metal working Fluid

9.5 Greases

9.6 Hydraulic Oil

9.7 Others

10. Anti-wear Additives Market Segment, By Sales Channel

10.1 Merchant

10.2 Captive

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

12. Company Profile

12.1 Chemtura Corporation

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Evonik

12.3 Chevron Oronite

12.4 Vanderbilt Chemicals

12.5 Lubrizol

12.6 Infineum

12.7 Tianhe Chemicals Group

12.8 Afton Chemical Corporation

13.Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

14. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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