Lubricant Anti-wear Agents Market Analysis

  • Report ID: 5581
  • Published Date: Jan 29, 2024
  • Report Format: PDF, PPT

Lubricant Anti-wear Agents Market Analysis

Type (Molybdenum Disulfide, Phosphorus-based Anti-Wear Agents)

The phosphorus-based anti-wear agents segment is estimated to hold 62% share of the global lubricant anti-wear agents market in the year 2036. The advancements in synthetic lubricants, driven by the need for higher performance and extended service intervals, contribute to the growth of phosphorus-based anti-wear agents. These agents are compatible with synthetic base oils and offer enhanced performance characteristics. The global industry for synthetic lubricants is expected to witness substantial growth around 4.5% by 2025. This indicates the increasing preference for synthetic lubricants in various applications. Phosphorus-based anti-wear agents, when incorporated into synthetic lubricants, enhance their anti-wear and extreme-pressure properties. This synergy contributes to the overall performance of synthetic lubricants, making them suitable for demanding applications across industries. As the market for synthetic lubricants expands, so does the demand for phosphorus-based anti-wear agents.

End User (Aerospace, Industrial, Automotive)

The automotive segment in the lubricant anti-wear agents market is expected to garner a significant share in the year 2036. The implementation of stricter emission standards and the pursuit of fuel efficiency drive innovations in engine design. Lubricant anti-wear agents contribute to these efforts by reducing friction and improving overall engine efficiency. Various regions, including the European Union and the United States, have implemented stringent emission standards, such as Euro 6 and Tier 3, to limit pollutants from vehicle exhaust. To meet stringent emission standards and improve fuel efficiency, automotive manufacturers focus on optimizing engine designs. Lubricant anti-wear agents become integral in this context, providing the necessary lubrication to minimize friction and enhance the efficiency of internal combustion engines. The growing emphasis on emission reduction and fuel efficiency propels the demand for these specialized additives. The growth of the automotive segment within the market is driven by the rising global vehicle ownership, the globalization of automotive manufacturing, and stricter emission standards with fuel efficiency requirements.

Our in-depth analysis of the global lubricant anti-wear agents market includes the following segments:

           Type

  • Molybdenum Disulfide
  • Phosphorus-based Anti-Wear Agents

 

   

           End User

  • Aerospace
  • Industrial
  • Automotive

Browse Key Market Insights with Data Illustration:


Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 5581
  • Published Date: Jan 29, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing demand for automotive sector is the major factor driving the market growth.

The market size of lubricant anti-wear agents is anticipated to attain a CAGR of 4% over the forecast period, i.e., 2024-2036.

The major players in the market Exxon Mobil Corporation, Royal Dutch Shell plc, Chevron Corporation, BP plc (British Petroleum), BASF SE, The Lubrizol Corporation, and others.

The automotive segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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