Global Lubricant Additives Market Overview
In value terms, lubricant additives production fell to $ in 2019 estimated in export prices. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2011 with an increase of % y-o-y. As a result, production attained the peak level of $. From 2012 to 2019, global production growth failed to regain the momentum.
The countries with the highest volumes of lubricant additives production in 2019 were the U.S. ( tonnes), China ( tonnes) and France ( tonnes), together accounting for % of global production. India, Italy, Germany, Singapore, Japan, Belgium, Russia, Brazil and Mexico lagged somewhat behind, together accounting for a further %.
From 2007 to 2019, the most notable rate of growth in terms of lubricant additives production, amongst the leading producing countries, was attained by Singapore, while lubricant additives production for the other global leaders experienced more modest paces of growth.
The global lubricant additives market value shrank to $ in 2019, waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the market value increased by % year-to-year. Global consumption peaked at $ in 2018, and then declined in the following year.
From 2007 to 2019, the average annual growth rate of volume in China stood at -%. In the other countries, the average annual rates were as follows: the U.S. (+% per year) and India (-% per year).
In value terms, China ($), the U.S. ($) and Japan ($) appeared to be the countries with the highest levels of market value in 2019, together accounting for % of the global market. These countries were followed by India, France, Belgium, Italy, Germany, Brazil, Russia, Mexico and South Korea, which together accounted for a further %.
In terms of the main consuming countries, France saw the highest rates of growth with regard to market size, over the period under review, while lubricant additives market for the other global leaders experienced more modest paces of growth.
In 2019, the highest levels of lubricant additives per capita consumption was registered in Belgium ( kg per person), followed by France ( kg per person), Italy ( kg per person) and Germany ( kg per person), while the world average per capita consumption of lubricant additives was estimated at kg per person.
In Belgium, lubricant additives per capita consumption remained relatively stable over the period from 2007-2019. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: France (+% per year) and Italy (+% per year).