Global Diesel Lubricity Improver Market Report and Forecast 2024-2032

Global Diesel Lubricity Improver Market Outlook

The global diesel lubricity improver market size attained a value of USD 3.10 billion in 2023. The market is further expected to grow at a CAGR of 5.50% between 2024 and 2032, to reach a value of USD 5.00 billion by 2032.

Key Trends in the Market

A diesel lubricity improver refers to an additive for diesel which enhances the lubricity of moving parts within a system, lowering wear and tear in components which use diesel. Diesel lubricity improvers increase the operational efficiency and life service of moving parts, providing time and cost savings in the long-term.

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• The diesel lubricity improver market has been driven by the favourable norms of various governments aimed at reducing carbon footprint by optimising fuel consumption and engine performance. Lack of lubrication can cause pump failure which can hamper long-term car health. In this regard, increasing awareness and rising spending on car maintenance are further propelling the market growth for diesel lubricity improvers.

• Increasing demand for more efficient lubricants with offering higher lubricity, in manufacturing and agriculture sectors are expected to aid the diesel lubricity improver market in the forecast period. Advancements in fuel additive formulations technologies, such as mono-acid technology are key market trends.

Market Analysis

Based on type, the market is segmented into acidic lubricity improver and non-acidic lubricity improver. On the basis of application, the market is classified into automobile, agriculture, and manufacturing, among others. The regional markets for diesel lubricity improvers are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global diesel lubricity improver market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

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• Dow Inc.

• TotalEnergies SE

• BASF SE

• The Lubrizol Corporation

• Innospec Inc.

• Chevron Corporation

• Dorf Ketal Chemicals

• Huntsman International LLC

• Baker Hughes Company

• Liqui Moli

• Ecolab (Nalco Champion)

• Others

Market Share by Type

The acidic lubricity improver segment, based on type, accounts for a healthy share of the diesel lubricity improver market. This type of improver contains specialty additives which are acidic in nature and the higher the acidic content, the greater the impact on friction, as well as improved wear resistance. In addition, these additives provide excellent protection to diesel engine components at cheaper rates compared to counterparts along with lower requirement of dosages, which makes them an ideal option for engine maintenance, thereby invigorating the segment’s growth.

Market Share by Application

Based on application, the automobile sector is likely to be a fast-growing segment in the market for diesel lubricity improver over the forecast period. Diesel lubricity improvers are crucial for automobiles to ensure proper functioning of the engine components of a vehicle, especially the fuel pumps. Hence, the increasing sale of passenger and commercial vehicles across the emerging economies is fuelling the segment’s growth.

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Competitive Landscape

Dow Inc. is a leading chemicals company which develops material science solutions, plastics, performance materials, coatings and silicones, and industrial intermediates, among others. The company was founded in 2018 and is headquartered in Michigan in the United States.

TotalEnergies SE is a renowned petroleum company which produces and markets fuels, natural gas, electricity, and is committed towards producing energy that is affordable, reliable, and cleaner. Founded in 1924 and headquartered in Courbevoie, France, this company provides expertise in specialty fluids, natural gas and power, and gas mobility.

BASF SE is one of the largest chemical companies across the world which deals with the production, marketing, and sales of chemicals, plastics, crop protection components, and performance enhancing products. Founded in 1865 and headquartered in Ludwigshafen, Germany, this company provides transportation and industrial lubricants which cater to heavy industrial demands.

Other market players include The Lubrizol Corporation, Innospec Inc., Chevron Corporation, Dorf Ketal Chemicals, Huntsman International LLC, Baker Hughes Company, Liqui Moli, and Ecolab (Nalco Champion), among others.

Key Highlights of the Report