In 2023, the import value of lubricating oil additives without petroleum or bitumen oils to the US stood at 107.5 million US dollars. From 2024 onwards, a steady year-on-year increase is forecasted with predicted values reaching 119.83 million US dollars by 2028. Specifically, the value increases by approximately 2.37% annually over the forecast period. This consistent growth reflects a compound annual growth rate (CAGR) of around 2.21% from 2024 to 2028, illustrating a stable upward trend.

Future trends to watch for:

Environmental regulations impacting sourcing and demand.
Technological advancements in alternative lubricant technologies.
Geopolitical influences on trade and import costs.
Fluctuations in global automotive and industrial production potentially affecting demand.