Lubricity Improver Market

The report "Lubricity Improver Market by Product Type (Acidic Lubricity Improver, Non-Acidic Lubricity Improver), End-use Industry (Automobile, Agriculture, Manufacturing and Others), and Region- Global Forecast to 2030", is projected to reach USD 4.2 billion by 2030, at a CAGR of 5.3% from USD 2.8 billion in 2022.

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A Lubricity Improver is a chemical compound that improves the lubricating properties of the oil. These compounds are added to oils used in rotating equipment, such as turbines and compressors or hydraulic systems to reduce friction. The performance of these products can be enhanced by using additives like anti-wear agents, extreme pressure (EP) agents, normalizing agents, etc.

“Acidic lubricity improver was the largest product type of Lubricity improver market in 2021, in terms of value”

An Acidic Lubricity Improver is a kind of oil additive with acidic material. It mainly uses special additives to increase the acid number, also known as "acid value". The higher the acid value, the better its effect on friction and wear resistance.

“Automobile was the largest end-use industry for lubricity improver market in 2021, in terms of value”

The use of Lubricity Improver in automobiles is to increase lubrication performance and reduce motor power loss. Lubricating oil film, which was formed by this additive, can be used as a medium for hydraulic brake system on vehicles to achieve effective braking with proper control.

“Europe was the largest market for Lubricity improver in 2021, in terms of value.”

The European region accounts for a high share as compared to other regions due to its highly developed economy along with increased per capita income levels. This factor results in an increase in demand for premium quality lubricants that reduces friction leading to better operational efficiency.

The key players in this market are Afton Chemical Corporation (US), Dow Inc. (US), TotalEnergies SE (France), BASF SE (Germany), The Lubrizol Corporation (US), Innospec Inc. (US), Chevron Corporation (US), Dorf Ketal Chemicals (India), Huntsman Corporation (US), and Baker Hughes Company (US)  and others.

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