US Lubricant Additives Market

  • April 2013
  • -
  • Freedonia
  • -
  • 212 pages

US demand to reach 2.5 billion pounds in 2017

Demand for lubricant additives in the US is expected to increase to 2.4 billion pounds in 2017, valued at $3.8 billion, with growth resulting from rebounding lubricant production and modestly rising additive treat rates. Additives such as antioxidants and friction modifiers, which are capable of providing longer lubricant service life or fuel efficiency benefits, will see the strongest demand growth, while those such as antiwear and extreme pressure additives containing potentially undesirable chemistries will experience below average advances. OEM specifications for lubricant performance will continue to drive changes in formulations, with particular focus on lubricants’ contribution to meeting fuel economy and emissions regulations leading to increased demands placed on related lubricant characteristics.

Industrial uses to outpace automotive applications

Automotive applications tend to be highly technical and present a larger market for both finished lubricants and lubricant additives than do industrial uses. However, demand for additives in automotive lubricants will be restrained due to weak growth in vehicle usage, lengthening service intervals, and little room to further increase additive concentrations.

This will have the largest impact on deposit control additives, including dispersants and detergents, which are a major component of engine oils and account for the largest share of total lubricant additives demand. Deposit control additives will grow at a below average rate, despite benefiting from strict requirements for engine cleanliness present in the upcoming GF-6 passenger car engine oil specification. Though smaller in volume than automotive markets, industrial lubricants will exhibit stronger growth in both lubricant production and additive concentrations.

Treat rates will rise most rapidly in general oils and hydraulic fluids, with trends in finished lubricant production favoring these fluids as well. Industrial engine oils, such as those used in rail and marine applications, power generation, and other stationary engines, contain among the highest levels of additives used in industrial lubricants, and will thus continue to be important markets for additives. Industrial engine lubricants will face many of the same future challenges as automotive engine oils, with fuel efficiency, equipment protection, and lubricant service life all important factors influencing the demand for additives.

Environmental concerns to continue affecting demand

Environmental concerns will continue to play a major role in lubricant formulation and use. Reduction of elements such as chlorine, phosphorus, sulfur, and metals has proceeded at a rapid pace over the past decade, particularly in automotive lubricants. Although there is no immediate regulatory push for further reduction of these chemicals in automotive lubricants, end users in all markets will increasingly demand lubricants perceived to be less harmful to equipment, worker health, and the environment. Use of more environmentally friendly fuels, including renewable fuels, in both automotive and industrial engines will also drive changes in lubricant formulation and additive demand. For example, expanding use of biodiesel in the motor vehicle fuel pool will require better oxidation and corrosion protection from lubricants. In contrast, falling sulfur content in marine fuel oil may reduce the need for detergents in marine engine lubricants.

Study coverage

This upcoming Freedonia industry study, Lubricant Additives, is priced at $4900. It presents historical demand data (2002, 2007, 2012) plus forecasts for 2017 and 2022 by type and market. The study also assesses key market environment factors, examines industry structure, evaluates company market share, and profiles US industry players.

Table Of Contents

TABLE OF CONTENTS

INTRODUCTION viii

I. EXECUTIVE SUMMARY 1

II. MARKET ENVIRONMENT 4

General 4
Macroeconomic Overview 5
Motor Vehicle Outlook 8
Manufacturing Outlook 12
Crude Oil and Refined Petroleum Products Outlook 15
Historical Trends 18
Pricing Trends 20
Environmental and Regulatory Issues 22
Federal Regulations 23
Environmentally Friendly Lubricants 24
Metalworking Fluids 25
Hybrid and Alternative Fuel Vehicles 27
Other Environmental and Regulatory Issues 30
Technology 30
Motor Vehicle Technology 32
Light Vehicle Design 32
Diesel Engines 34
Industrial Machinery Trends 35
International Activity 36
Foreign Trade 38
Exports 39
Imports 41

III. LUBRICANT INDUSTRY OVERVIEW 43

General 43
Lubricants Outlook 46
Automotive Lubricants 47
Industrial Lubricants 49
Basestocks 52
Petroleum 54
Other Basestocks 55
Synthetic Lubricants 57
Re-Refined Lubricants 59
Motor Vehicle Lubricant Classification and Testing 61
Passenger Car Specifications 62
Diesel Engine Oil Specifications 63
Lubricant Production Trends 64

IV. LUBRICANT ADDITIVES BY TYPE 66

General 66
Deposit Control Additives 71
Dispersants 73
Detergents 76
Viscosity Modifiers 78
Antiwear and Extreme Pressure Additives 81
Antiwear Additives 82
Extreme Pressure Additives 85
Friction Modifiers 88
Antioxidants 90
Emulsifiers 92
Corrosion Inhibitors 94
Other Lubricant Additives 96

V. LUBRICANT ADDITIVES BY MARKET 99

General 99
Automotive Lubricant Additives 102
Engine Oil Additives 104
Gasoline Engine Oil Additives 106
Diesel Engine Oil Additives 110
Transmission Fluid and Other Auto Lubricant Additives 113
Automatic Transmission Fluids 115
Tractor Hydraulic and Transmission Fluids 117
Power Steering and Other Transmission Fluids 118
Other Automotive Lubricants 118
Market Share 119
Industrial Lubricant Additives 121
Metalworking Fluid Additives 124
Industrial Engine Oil Additives 129
Other Industrial Lubricant Additives 131
Hydraulic Fluids 133
Industrial Gear Oils 134
Industrial Greases 135
Other Industrial Lubricants 135
Market Share 136

VI. INDUSTRY STRUCTURE 138

General 138
Market Share 142
Competitive Strategies 145
Research and Development 145
Product Differentiation 146
Market Segmentation 147
Cost Controls 148
Merger and Acquisition Activity 149
Company Profiles 152
Acme-Hardesty Company 153
Afton Chemical, see NewMarket
Akzo Nobel NV 154
Albemarle Corporation 156
Arch Chemicals, see Lonza Group
Arkema SA 157
BASF SE 159
Berkshire Hathaway Incorporated 161
Calumet Specialty Products Partners LP 165
Chemtura Corporation 166
Chevron Corporation 169
Clariant International Limited 172
Croda International plc 174
Detrex Corporation 176
Dover Chemical, see ICC Industries
Dow Chemical Company 178
Elco, see Detrex
Evonik Industries AG 180
Exxon Mobil Corporation 182
Functional Products Incorporated 183
Huntsman Corporation 184
ICC Industries Incorporated 186
Infineum International Limited 188
Innospec Incorporated 191
International Petroleum Products and Additives Company
Incorporated 192
King Industries Incorporated 194
LANXESS AG 195
Lonza Group Limited 198
Lubrizol, see Berkshire Hathaway
Mitsui Chemicals Incorporated 200
MÃœNZING Chemie GmbH 201
NewMarket Corporation 202
Pilot Chemical Company 205
Rhein Chemie, see LANXESS
Rhodia Novecare, see Solvay
Royal Dutch Shell plc 206
Rubicon, see Chemtura and Huntsman
Soltex Incorporated 207
Solvay SA 209
Vanderbilt (RT) Company Incorporated 211



LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

Summary Table 3

SECTION II -- MARKET ENVIRONMENT

1 Macroeconomic Indicators 8
2 Motor Vehicle Indicators 12
3 Manufacturers’ Shipments 15
4 Crude Oil and Refined Petroleum Products Supply and Demand 17
5 Lubricant Additive Market, 2002-2012 19
6 Lubricant Additive Pricing Trends 22
7 Lubricant Additive Foreign Trade 39

SECTION III -- LUBRICANT INDUSTRY OVERVIEW

1 Finished Lubricant Demand 47
2 Automotive Lubricant Supply and Demand 49
3 Industrial Lubricant Supply and Demand 51
4 Total Base Oil Demand 53
5 Petroleum Base Oil Supply and Demand 55
6 Re-refined Lubricant Demand 60
7 Finished Lubricant Production 65

SECTION IV -- LUBRICANT ADDITIVES BY TYPE

1 Lubricant Additive Demand 69
2 Deposit Control Additive Demand 73
3 Dispersant Demand 75
4 Detergent Demand 78
5 Viscosity Modifier Demand 80
6 Antiwear and Extreme Pressure Additive Demand 82
7 Antiwear Additive Demand 85
8 Extreme Pressure Additive Demand 87
9 Friction Modifier Demand 89
10 Antioxidant Demand 92
11 Emulsifier Demand 93
12 Corrosion Inhibitor Demand 96
13 Other Lubricant Additive Demand 98

SECTION V -- LUBRICANT ADDITIVES BY MARKET

1 Lubricant Additive Demand by Market 100
2 Automotive Lubricant Additive Demand 103
3 Engine Oil Additive Demand 106
4 Gasoline Engine Oil Additive Demand 110
5 Diesel Engine Oil Additive Demand 113
6 Transmission and Other Automotive Lubricant Additive
Demand 115
7 Industrial Lubricant Additive Demand 123
8 Metalworking Fluid Additive Demand 126
9 Industrial Engine Oil Additive Demand 131
10 Other Industrial Lubricant Additive Demand 133

SECTION VI -- INDUSTRY STRUCTURE

1 Selected Lubricant Additive Company Sales, 2012 140
2 Selected Acquisitions and Divestitures 151



LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT

1 Lubricant Additive Market, 2002-2012 20
2 US Lubricant Additive Exports by Region, 2012 41
3 US Lubricant Additive Imports by Region, 2012 42

SECTION III -- LUBRICANT INDUSTRY OVERVIEW

1 Lubricant Production Flowchart, 2012 45

SECTION IV -- LUBRICANT ADDITIVES BY TYPE

1 Lubricant Additive Demand by Type, 2012: Volume and Value 70

SECTION V -- LUBRICANT ADDITIVES BY MARKET

1 Lubricant Additive Demand by Market, 2012 101
2 Automotive Lubricant Additive Market Share, 2012 121
3 Industrial Lubricant Additive Demand by Type, 2012 124
4 Industrial Lubricant Additive Market Share, 2012 137

SECTION VI -- INDUSTRY STRUCTURE

1 Lubricant Additive Market Share, 2012 143

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