Global Extreme Pressure Lubricant Additives Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Extreme Pressure Lubricant Additives Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Extreme pressure additives, or EP additives, are additives for lubricants with the role to decrease the wear of the parts of the gears exposed to very high pressures. They are also added to cutting fluids for the machining of metals.

Market Overview:

The latest research study on the global Extreme Pressure Lubricant Additives market finds that the global Extreme Pressure Lubricant Additives market reached a value of USD 1123.63 million in 2022. It’s expected that the market will achieve USD 1563.79 million by 2028, exhibiting a CAGR of 5.66% during the forecast period.

Influence of COVID-19 Outbreak on Extreme Pressure Lubricant Additives Industry Development

The impact of COVID-19 on the Extreme Pressure Lubricant Additives industry is mainly concentrated in the downstream market of the industry. The downstream of the Extreme Pressure Lubricant Additives industry chain is mainly the automobile industry and the application of industrial machinery. Secondly, there are many high-tech industries, such as shipbuilding and aerospace machinery manufacturing. Since the lubricating oil industry is the main downstream application field of lubricating oil additives, during the COVID-19 period, the development of the lubricating oil industry has had an important impact on the lubricating oil additives industry, and the two are closely linked.

First, COVID-19 has had a swift and severe impact on the globally integrated automotive industry. Symptoms include disruptions in parts exports from some countries, massive manufacturing disruptions across Europe, and the closure of U.S. assembly plants. That has put enormous pressure on an industry already dealing with a slump in global demand and could lead to increased merger and acquisition activity.

Secondly, the automotive lubricants, automotive chemicals, and automotive care products industries have become the downstream extended industrial chain of the Extreme Pressure Lubricant Additives market. Therefore, whether it is the demand of the downstream market or the fluctuation of raw material prices, it will have a greater impact on the profit margins of industry companies.

In addition, during the COVID-19 period, people's economic level has generally declined, and many maintenance industries have performed poorly, which has greatly weakened the use of Extreme Pressure Lubricant Additives. Especially in the automobile manufacturing and after-sales maintenance service market, during the period of COVID-19, the business of this market is facing certain difficulties, and the number of consumers has decreased. Additionally, declining car sales will slow down the Extreme Pressure Lubricant Additives industry.

Drivers

Automobiles and construction machinery are important consumer markets and downstream industries for lubricating oil and lubricating oil additives. The development trends of these two markets directly affect the supply and demand relationship in the lubricating oil and lubricating oil additive market.

First of all, there is a huge automobile industry chain and consumer market in the world. With the continuous increase in motor vehicle ownership and total mileage in various countries, the demand for automotive lubricants is also gradually increasing. This development trend is conducive to providing a broad market space for the development of Extreme Pressure Lubricant Additives.

The construction machinery industry is another important consumer market for lubricating oil and lubricating oil additives. The technical strength of the construction machinery industry in many countries has continued to improve, and the industry has entered a stage of stable development. In the past 10 years, the construction machinery industry has gone through a complete development cycle.

In the process of this round of adjustment, the expansion of industrial capacity has slowed down significantly. At this time, the stock equipment gradually enters the replacement period, and the update demand gradually takes the lead. A large number of parts and components of construction machinery are updated, which is conducive to driving the utilization rate of Extreme Pressure Lubricant Additives and driving the consumption market of Extreme Pressure Lubricant Additives. The steady development of the construction machinery industry is one of the important guarantees for the demand for lubricating oil and lubricating oil additives.

Region Overview:

In 2022, the share of the Extreme Pressure Lubricant Additives market in North America stood at 30.43%.

Company Overview:

Afton Chemical, DIC, Lubrizol were the top 3 players in the Extreme Pressure Lubricant Additives market in 2022, taking up a market share of 60.86% together.

Afton Chemical, a company of NewMarket Corporation (Opens in a new window) (NYSE: NEU), has been in the fuel and lubricant additives market for nearly a century. Afton Chemical's technology solutions include drivetrain, engine oils, fuel performance and refinery fuel additives, and industrial lubricant additives.

Afton Chemical uses expertise in formulation, engineering and marketing to help customers develop and market a wide range of fuels and lubricants that reduce emissions, improve fuel economy, extend equipment life, increase operator satisfaction, and reduce vehicle and equipment operating costs. total cost.

Color & Comfort - DIC is a fine chemicals company with a leading global market share in printing inks, organic pigments and PPS compounds. Founded in 1908 as a printing ink manufacturer, DIC has used its capabilities in organic pigments and synthetic resins to build a broad product portfolio for markets such as automotive, electronics, food and housing. Today, DIC operates in more than 60 countries around the world.

Segmentation Overview:

By type, Sulfurized Fats segment accounted for the largest share of market in 2022.

Chlorinated Paraffin

Extreme Pressure Lubricant Additives usually contain sulfur or chlorine-based additives or combinations thereof. Chlorine is usually only present in the form of chlorinated paraffin, sometimes mixed with mineral oil alone, and sometimes with fatty oils and sulfur additives. Chlorinated paraffin is used as extreme pressure additives in metalworking fluids, primarily to improve their chemical and water resistance.

Sulfurized Fats

The sulfur in Extreme Pressure Lubricant Additives can exist in two forms. In non-reactive fluids, it is chemically combined with fatty oil additives, which are mixed with mineral oil to produce sulfurized fatty oils. Active versions, on the other hand, contain sulfur in elemental form, dissolved in mineral oil; this fluid is called sulfurized mineral oil.

Application Overview:

The market's largest segment by application is the segment Automotive, with a market share of 49.41% in 2022.

Automotive

Extreme Pressure (EP) additives are lubricant ingredients that chemically react with the metal surface to be protected to form a sacrificial coating that prevents two metal surfaces from welding together under the high temperatures and pressures that occur during boundary lubrication. The automotive industry makes extensive use of lubricants and lubricant additives that contribute to efficient operation and long-term protection of components. Especially now that people pay more attention to car maintenance, which makes the role of Extreme Pressure Lubricant Additives more obvious in the automotive industry.

Industrial Machine

Extreme Pressure Lubricant Additives are mainly used in lubricating oils, and they are often used in large quantities in the production process of industrial machinery. At this point, extreme pressure additives can be used under heavier loads, high temperatures, and low speeds to prevent catastrophic failure or seizure of the application.

Key Companies in the global Extreme Pressure Lubricant Additives market covered in Chapter 3:

Dover Chemical
Clariant
Afton Chemical
Lubrizol
BASF
Lanxess
Jinzhou Kangtai Lubricant Additives
DIC
King Industries
Italmatch Chemicals

In Chapter 4 and Chapter 14.2, on the basis of types, the Extreme Pressure Lubricant Additives market from 2018 to 2029 is primarily split into:

Chlorinated Paraffin
Sulfurized Fats
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Extreme Pressure Lubricant Additives market from 2018 to 2029 covers:

Automotive
Industrial Machine
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)