Authored By: Sarah
11 Jul 2024

 Lubricant Anti Wear Agents Market Size to grow by USD 108.6 million between 2024-2028

According to a research report “ Lubricant Anti Wear Agents Market” by Channel (Captive, Merchant) Type (Zinc dialkyl di-thiophosphate, Phosphate, Phosphite, Phosphonate) Geography (APAC, Europe, North America, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 108.6 million, at a CAGR of  2.78% during the forecast period. In the industrial landscape, machine reliability is paramount to minimize downtime and maximize productivity. Factors detrimental to machine reliability include poor lubrication, contamination, fatigue, and poor fitting. Neglecting the significance of lubrication in the total cost of ownership can lead to costly repairs and premature equipment failure. Specifically, improper lubrication contributes to approximately one-third of global bearing failures, as reported by SKF Group. Consequently, the increasing awareness of the importance of effective lubrication solutions is poised to drive market growth for lubricant anti-wear agents during the forecast period.

Browse market data tables, figures, and in-depth TOC on “Lubricant Anti Wear Agents Market” by Channel (Captive, Merchant) Type (Zinc dialkyl di-thiophosphate, Phosphate, Phosphite, Phosphonate) Geography (APAC, Europe, North America, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample

 

By Channel, the Captive segment is projected to dominate the market size in 2024

The Lubricant Anti-Wear Agents Market is a significant sector in the lubricants industry, driven by the increasing demand for extended equipment life and reduced maintenance costs. These agents enhance the performance of lubricants by preventing wear and tear, thereby reducing friction and heat generation. Key players in this market include BASF SE, Clariant International AG, and Infineum UK Ltd., who leverage advanced technologies to develop high-performance anti-wear agents. The market is expected to grow at a robust CAGR due to the expanding application base in industries such as automotive, power generation, and manufacturing.

By Type, Zinc dialkyl di-thiophosphate  segment is expected to hold the largest market size for the year 2024

The Lubricant Anti-Wear Agents Market is a significant sector in the lubricants industry, driven by the increasing demand for extended machinery operational life and improved efficiency. These agents, including molybdenum disulfide, graphite, and boron nitride, reduce wear and tear between moving parts, thereby enhancing overall performance and productivity. Market growth is influenced by factors such as industrial expansion, technological advancements, and stringent regulations. Companies are investing in research and development to introduce innovative anti-wear agents to cater to evolving customer needs and sustain competitive advantage.

APAC is forecasted to hold the largest market size by region in 2024

The Lubricant Anti-Wear Agents Market is a significant sector in the lubricants industry, driven by the increasing demand for enhanced engine performance and durability. These agents play a crucial role in reducing wear and tear, thereby extending the lifespan of machinery and equipment. Key players in this market focus on innovation and research to develop advanced anti-wear agents that cater to diverse industrial applications. The market is expected to grow steadily due to the rising industrialization and automotive sectors worldwide.

The Lubricant Anti Wear Agents Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Afton Group
  • AMSOIL Inc.
  • ASL CamGuard
  • BASF SE
  • BRB International BV
  • Chevron Corp.
  • Clariant International Ltd.
  • Croda International Plc
  • DOG Chemical Products Ltd. and Co. Kg
  • Dorf Ketal Chemicals I Pvt. Ltd.
  • Dover Chemical Corp.
  • Eni SpA
  • Evonik Industries AG
  • Exxon Mobil Corp.
  • Infineum International Ltd.
  • Italmatch Chemicals Spa
  • Lanxess AG
  • Solvay SA
  • The Lubrizol Corp.
  • Wuxi Southern Petroleum Additives Co. Ltd.
.

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Research Analysis Overview

The Lubricant Anti-Wear Agents Market is a significant segment of the petroleum products industry, catering to the needs of motor vehicles, commercial vehicles, and various industrial applications. The market includes hydraulic fluid, transmission fluid, gear oil, and various types of lubricating agents used in motor vehicles, commercial vehicles, and automobile sectors. The demand for anti-wear agents has surged due to the increased usage of gears parts in metal-to-metal friction applications. The market is driven by the growing demand for lubricants in automotive and industrial sectors, especially during the public health emergency, which has led to an increase in demand for hydraulic oil, greases, metal working fluid, automotive transmission fluid, and automotive gear oil. The market is also witnessing significant growth due to plant expansions, collaborations, and the shift towards renewable energy. AW additives, such as phosphite, phosphonate, phosphate, and P-Derivative, are widely used as anti-wear agents in various types of lubricants. Captive and merchant suppliers dominate the market, with captive suppliers catering to the needs of in-house manufacturing units and merchant suppliers catering to external customers. The market is expected to witness significant growth due to the increasing demand for high-performance lubricants and the need to reduce downtime and maintenance costs.

Market Research Overview

The Lubricant Anti-Wear Agents Market is witnessing significant growth in the active automobile sectors, including commercial vehicles and passenger automobiles. The sales channel for lubricant anti-wear agents includes captive and merchant segments. The key lubricant types in the market are greases, metalworking fluids, hydraulic oil, transmission fluid, and gear oil. Active ingredients in anti-wear agents include glycerol mono-oleate, stearic acid, halocarbons, tricresyl phosphate (TCP), and zinc di-thiophosphate (ZDP). These additives help reduce metal-to-metal friction and extend the life of gears and engine parts. The lubricant agent industry is influenced by various factors such as crude oil prices, natural gas, ethanol, biodiesel, alternative fuels, CO2 (Carbon dioxide), and petroleum products. The automotive sectors, including motor vehicles, hydraulic fluid, and transmission fluid, are major consumers of anti-wear agents. The market is witnessing collaborations and plant expansions to cater to the growing demand for lubricants. The public health emergency and the shift towards renewable energy are also influencing the market dynamics. Phosphite, phosphonate, and phosphate are common types of anti-wear additives used in P-Derivative based lubricants. Overall, the lubricant anti-wear agents market is expected to grow steadily in the coming years.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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