Asia Pacific Grease Additives Market Forecast to 2028- COVID-19 Impact and Regional Analysis- Type, and Application

List of Tables

The Asia Pacific grease additives market is expected to grow from US$ 265.43 million in 2022 to US$ 356.72 million by 2028. It is estimated to grow at a CAGR of 5.1% from 2022 to 2028.

Proliferation of Automotive Industry Fuel Asia Pacific grease additives market

Industrial greases primarily constitute base oil, thickener, and additives; additives are the second most important component after base oil. Three types of base oils are used in grease manufacturing: mineral oil, vegetable oil, and synthetic oil. Synthetic greases are manufactured using synthetic oils, such as polyalphaolefin. They are widely used in the industrial sector, especially in the automotive industry. Their superior characteristics, ability to induce operational consistency, and affordable costs make them a preferred category of lubricants. Synthetic greases are used in applications involving extreme temperatures, loads, and speeds. Synthetic grease additives enhance physical and chemical properties by increasing the viscosity index, lowering volatility, and reducing the pour point of lubricants. Viscosity index improvers pour point depressants, dispersants, and detergents are a few of the widely used categories of additives. With the rising demand for synthetic grease, the need for additives for these greases is likely to surge during the forecast period.

Several major market players are developing additives for synthetic greases to improve their efficiency. For instance, in September 2022, Clariant launched extreme pressure/antiwear additives, lubricity improvers, corrosion inhibitors, neutralizing agents, and guide formulations for fully synthetic metalworking fluids that increase efficiency at the machine. Thus, the growing demand for synthetic grease is expected to introduce new trends into the Asia Pacific grease additives market during the forecast period.

Asia Pacific grease additives market Overview

The Asia Pacific grease additives market in Asia Pacific is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. Asia Pacific holds the largest share of the Asia Pacific Grease Additives Market. The market growth in this region is credited to the operations of industries such as automotive, wind energy, marine, aerospace, and construction, along with increased grease production. According to the National Lubricating Grease Institute, in 2021, grease production increased by 13% in Southeast Asia and the Pacific. Thus, an upsurge in grease production propels the demand for grease additives in the region.

Asia Pacific grease additives market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific grease additives market Segmentation

The Asia Pacific grease additives market is segmented into type, application, and country.

Based on type, the Asia Pacific grease additives market is segmented into oxidation inhibitors, corrosion inhibitors, anti-wear agents, pressure additives, metal deactivators, and others. The oxidation inhibitors segment held a larger share of the Asia Pacific grease additives market in 2022.

Based on application, the Asia Pacific grease additives market is segmented into automotive, aerospace, marine, mining, steel mill, construction machinery, and others. The automotive segment held the largest share of the Asia Pacific grease additives market in 2022.

Based on country, the Asia Pacific grease additives market is segmented into the China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. The China dominated the share of the Asia Pacific grease additives market in 2022.

Key players dominating the Asia Pacific grease additives market are Afton Chemical Corp; BASF SE; Clariant AG; Croda International plc; Evonik Industries AG; Shamrock Technologies Inc; The Lubrizol Corp; RT Vanderbilt Holding Co Inc; and Lanxess AG; and IPAC Inc are the leading companies operating in the Asia Pacific Grease Additives Market.

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Product Code: BMIRE00028781

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
- 1.3.1 Asia Pacific Grease Additives Market, by Type
- 1.3.2 Asia Pacific Grease Additives Market, by Application
- 1.3.3 Asia Pacific Grease Additives Market, by Country

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study
3.2 Research Methodology
- 3.2.1 Data Collection:
- 3.2.2 Primary Interviews:
- 3.2.3 Hypothesis formulation:
- 3.2.4 Macro-economic factor analysis:
- 3.2.5 Developing base number:
- 3.2.6 Data Triangulation:
- 3.2.7 Country level data:

4. Asia Pacific Grease Additives Market Landscape

4.1 Market Overview
- 4.1.1 Bargaining Power of Suppliers
- 4.1.2 Bargaining Power of Buyers
- 4.1.3 Threat of New Entrants
- 4.1.4 Competitive Rivalry
- 4.1.5 Threat of Substitutes
4.2 Ecosystem Analysis
- 4.2.1 Raw Materials
- 4.2.2 Manufacturing
- 4.2.3 Distributors/Suppliers
- 4.2.4 End-User Industries
4.3 List of Vendors
4.4 List of Grease Manufacturers and Suppliers
4.5 Calcium Sulphonate Grease Technology
4.6 Expert Opinions

5. Asia Pacific Grease Additives Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Proliferation of Automotive Industry
- 5.1.2 Strategic Initiatives by Key Market Players
5.2 Market Restraint
- 5.2.1 Stringent Government Policies
5.3 Market Opportunity
- 5.3.1 Increase in Wind Turbine Installations
5.4 Future Trend
- 5.4.1 Burgeoning Demand for Synthetic Grease
5.5 Impact Analysis

6. Grease Additives - Asia Pacific Market Analysis

6.1 Asia Pacific Grease Additives Market Overview
6.2 Asia Pacific Grease Additives Market -Revenue and Forecast to 2028 (US$ Million)
6.3 Asia Pacific Grease Additives Market -Volume and Forecast to 2028 (Tons)

7. Asia Pacific Grease Additives Market Analysis - By Type

7.1 Overview
7.2 Asia Pacific Grease Additives Market, By Type (2021 and 2028)
7.3 Oxidation Inhibitors
- 7.3.1 Overview
- 7.3.2 Oxidation Inhibitors: Asia Pacific Grease Additives Market - Volume and Forecast to 2028 (Tons)
- 7.3.3 Oxidation Inhibitors: Asia Pacific Grease Additives Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Corrosion Inhibitors
- 7.4.1 Overview
- 7.4.2 Corrosion Inhibitors: Asia Pacific Grease Additives Market - Volume and Forecast to 2028 (Tons)
- 7.4.3 Corrosion Inhibitors: Asia Pacific Grease Additives Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Antiwear Agents
- 7.5.1 Overview
- 7.5.2 Antiwear Agents: Asia Pacific Grease Additives Market - Volume and Forecast to 2028 (Tons)
- 7.5.3 Antiwear Agents: Asia Pacific Grease Additives Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Pressure Additives
- 7.6.1 Overview
- 7.6.2 Pressure Additives: Asia Pacific Grease Additives Market - Volume and Forecast to 2028 (Tons)
- 7.6.3 Pressure Additives: Asia Pacific Grease Additives Market - Revenue and Forecast to 2028 (US$ Million)
7.7 Metal Deactivators
- 7.7.1 Overview
- 7.7.2 Metal Deactivators: Asia Pacific Grease Additives Market - Volume and Forecast to 2028 (Tons)
- 7.7.3 Metal Deactivators: Asia Pacific Grease Additives Market - Revenue and Forecast to 2028 (US$ Million)
7.8 Others
- 7.8.1 Overview
- 7.8.2 Others: Asia Pacific Grease Additives Market - Volume and Forecast to 2028 (Tons)
- 7.8.3 Others: Asia Pacific Grease Additives Market - Revenue and Forecast to 2028 (US$ Million)

8. Asia Pacific Grease Additives Market Analysis - By Application

8.1 Overview
8.2 Asia Pacific Grease Additives Market, By Application (2021 and 2028)
8.3 Automotive
- 8.3.1 Overview
- 8.3.2 Automotive: Asia Pacific Grease Additives Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Aerospace
- 8.4.1 Overview
- 8.4.2 Aerospace: Asia Pacific Grease Additives Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Marine
- 8.5.1 Overview
- 8.5.2 Marine: Asia Pacific Grease Additives Market - Revenue and Forecast to 2028 (US$ Million)
8.6 Mining
- 8.6.1 Overview
- 8.6.2 Mining: Asia Pacific Grease Additives Market - Revenue and Forecast to 2028 (US$ Million)
8.7 Steel Mill
- 8.7.1 Overview
- 8.7.2 Steel Mill: Asia Pacific Grease Additives Market - Revenue and Forecast to 2028 (US$ Million)
8.8 Construction Machinery
- 8.8.1 Overview
- 8.8.2 Construction Machinery: Asia Pacific Grease Additives Market - Revenue and Forecast to 2028 (US$ Million)
8.9 Others
- 8.9.1 Overview
- 8.9.2 Others: Asia Pacific Grease Additives Market - Revenue and Forecast to 2028 (US$ Million)

9. Asia Pacific Grease Additives Market -Country Analysis

9.1 Overview
- 9.1.1 Asia Pacific Grease Additives Market, by Key Country
  - 9.1.1.1 Australia: Asia Pacific Grease Additives Market - Volume and Forecast to 2028 (Tons)
  - 9.1.1.2 Australia: Asia Pacific Grease Additives Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.1.1.2.1 Australia: Asia Pacific Grease Additives Market, by Type
    - 9.1.1.2.2 Australia: Asia Pacific Grease Additives Market, by Type
    - 9.1.1.2.3 Australia: Asia Pacific Grease Additives Market, by Application
  - 9.1.1.3 China: Asia Pacific Grease Additives Market - Volume and Forecast to 2028 (Tons)
  - 9.1.1.4 China: Asia Pacific Grease Additives Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.1.1.4.1 China: Asia Pacific Grease Additives Market, by Type
    - 9.1.1.4.2 China: Asia Pacific Grease Additives Market, by Type
    - 9.1.1.4.3 China: Asia Pacific Grease Additives Market, by Application
  - 9.1.1.5 India: Asia Pacific Grease Additives Market - Volume and Forecast to 2028 (Tons)
  - 9.1.1.6 India: Asia Pacific Grease Additives Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.1.1.6.1 India: Asia Pacific Grease Additives Market, by Type
    - 9.1.1.6.2 India: Asia Pacific Grease Additives Market, by Type
    - 9.1.1.6.3 India: Asia Pacific Grease Additives Market, by Application
  - 9.1.1.7 Japan: Asia Pacific Grease Additives Market - Volume and Forecast to 2028 (Tons)
  - 9.1.1.8 Japan: Asia Pacific Grease Additives Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.1.1.8.1 Japan: Asia Pacific Grease Additives Market, by Type
    - 9.1.1.8.2 Japan: Asia Pacific Grease Additives Market, by Type
    - 9.1.1.8.3 Japan: Asia Pacific Grease Additives Market, by Application
  - 9.1.1.9 South Korea: Asia Pacific Grease Additives Market - Volume and Forecast to 2028 (Tons)
  - 9.1.1.10 South Korea: Asia Pacific Grease Additives Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.1.1.10.1 South Korea: Asia Pacific Grease Additives Market, by Type
    - 9.1.1.10.2 South Korea: Asia Pacific Grease Additives Market, by Type
    - 9.1.1.10.3 South Korea: Asia Pacific Grease Additives Market, by Application
  - 9.1.1.11 Rest of Asia Pacific: Asia Pacific Grease Additives Market - Volume and Forecast to 2028 (Tons)
  - 9.1.1.12 Rest of Asia Pacific: Asia Pacific Grease Additives Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.1.1.12.1 Rest of Asia Pacific: Asia Pacific Grease Additives Market, by Type
    - 9.1.1.12.2 Rest of Asia Pacific: Asia Pacific Grease Additives Market, by Type
    - 9.1.1.12.3 Rest of Asia Pacific: Asia Pacific Grease Additives Market, by Application

10. Industry Landscape

10.1 Overview
10.2 Expansion
10.3 New Product Development
10.4 Partnerships

11. Company Profiles

11.1 Afton Chemical Corp
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
11.2 BASF SE
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
11.3 Clariant AG
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
11.4 Croda International plc
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
11.5 Evonik Industries AG
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
11.6 Shamrock Technologies Inc
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
11.7 The Lubrizol Corp
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
11.8 RT Vanderbilt Holding Co Inc
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Products and Services
- 11.8.4 Financial Overview
- 11.8.5 SWOT Analysis
- 11.8.6 Key Developments
11.9 Lanxess AG
- 11.9.1 Key Facts
- 11.9.2 Business Description
- 11.9.3 Products and Services
- 11.9.4 Financial Overview
- 11.9.5 SWOT Analysis
- 11.9.6 Key Developments

12. Appendix

12.1 About the Insight Partners
12.2 Glossary of Terms