South & Central America Grease Additives Market Forecast to 2028

South & Central America Grease Additives Market Forecast to 2028– COVID-19 Impact and Regional Analysis– Type (Oxidation Inhibitors, Corrosion Inhibitors, Anti-wear Agents, Pressure Additives, Metal Deactivators and Others), and Application (Automotive, Aerospace, Marine, Mining, Steel Mill, Construction Machinery and Others)

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Description

The South & Central America grease additives market is expected to grow from US$ 13.73 million in 2022 to US$ 17.02 million by 2028. It is estimated to grow at a CAGR of 3.6% from 2022 to 2028.

Proliferation of Automotive Industry Fuel South & Central America Grease Additives Market

Growth in the automotive industry, the demand for lubricating products is also increasing notably, as these substances contribute to enhanced engine performance and the extended lifespan of components of automotive parts. Grease is also used to protect the engine and automotive parts from external contamination. Corrosion inhibitors, oxidation inhibitors, and pressure additives are a few of the grease additives used to secure the engine and vehicle parts from damage. Thus, an upsurge in automobile manufacturing and the growing adoption of electric vehicles boosts the demand for grease, thereby bolstering the South & Central America grease additives market growth.

South & Central America Grease Additives Market Overview

In South & Central America, “Jubarte Offshore Oil Field Development” and “Pre-Salt Submarine Fiber Optic Cable Network” are a few of the ongoing infrastructure projects. Governments of various countries in this region focus on supporting the development of more infrastructure projects to catch up with the pace of urbanization. Infrastructure development efforts are generating high demand for construction machineries and equipment. Greases containing different additive types are used to ensure proper functioning and performance and extend the life span of these machineries. The growth of the automotive industry in Brazil and Argentina is ascribed to the rising demand for passenger vehicles. According to the report by the Brazilian Association of Automotive Vehicle Manufacturers, the production of automobiles in Brazil grew by 11.4%, and the sales surged by 10.9% from February to March 2022. Moreover, major players in this industry are engaged in the development and expansion of their operational capacities in South & Central America. In the automotive industry, grease additives are used to minimize wear, reduce friction, facilitate heat dissipation, and remove abrasive particles from lubricants.

South & Central America grease additives market Revenue and Forecast to 2028 (US$ Million)

South & Central America grease additives market Segmentation

The South & Central America grease additives market is segmented into type, application, and country.

Based on type, the South & Central America 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 largest share of the South & Central America grease additives market in 2022.

Based on application, the South & Central America 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 South & Central America grease additives market in 2022.

Based on country, the South & Central America grease additives market is segmented into the Rest of South & Central America, Brazil, and Argentina. Brazil dominated the share of the South & Central America grease additives market in 2022.

Key players dominating the South & Central America 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; Lanxess AG; and IPAC Inc.

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At 3.6% CAGR, the South & Central America Grease Additives Market is speculated to be worth US$ 17.02 million by 2028, saysthe research team

According tothe research team’ research, the South & Central America Grease Additives Market was valued at US$ 13.73 million in 2022 and is expected to reach US$ 17.02 million by 2028, registering a CAGR of 3.6% from 2022 to 2028. Proliferation of automotive industry strategic initiatives by key market players are the critical factors attributed to the South & Central America Grease Additives Market expansion.

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 South & Central America Grease Additives Market during the forecast period.

On the contrary, stringent government policies hampers the South & Central America Grease Additives Market.

Based on type, the South & Central America Grease Additives Market is segmented into oxidation inhibitors, corrosion inhibitors, anti-wear agents, pressure additives, metal deactivators, and others. The oxidation inhibitors segment held 28.06% share of South & Central America Grease Additives Market in 2022, amassing US$ 2.26 million. It is projected to garner US$ 2.79 million by 2028 to expand at 3.5% CAGR during 2022–2028.

Based on application, the South & Central America Grease Additives Market is segmented into automotive, aerospace, marine, mining, steel mill, construction machinery, and others. The automotive segment held 52.21% share of South & Central America Grease Additives Market in 2022, amassing US$ 4.21 million. It is projected to garner US$ 5.28 million by 2028 to expand at 3.8% CAGR during 2022–2028.

Based on country, the South & Central America Grease Additives Market has been categorized into Brazil, Argentina, and the Rest of South & Central America, . Our regional analysis states that the Brazil captured 58.7% share of South & Central America Grease Additives Market in 2022. It was assessed at US$ 8.06 million in 2022 and is likely to hit US$ 10.25 million by 2028, exhibiting a CAGR of 4.1% during the forecast period.

Key players dominating the South & Central America 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; Lanxess AG; and IPAC Inc.

Croda International plc launched the GR400 grease additive. It is highly recommended in wind turbine operations to extend the life of their main shaft bearings that are failing prematurely from excessive wear and pitting.

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TABLE OF CONTENTS

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 South & Central America Grease Additives Market, by Type
1.3.2 South & Central America Grease Additives Market, by Application
1.3.3 South & Central America 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. South & Central America Grease Additives Market Landscape
4.1 Market Overview
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Materials
4.3.2 Manufacturing
4.3.3 Distributors/Suppliers
4.3.4 End-User Industries
4.4 List of Vendors
4.5 List of Grease Manufacturers and Suppliers
4.6 Calcium Sulphonate Grease Technology
4.7 Expert Opinions
5. South & Central America 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 – South & Central America Market Analysis
6.1 South & Central America Grease Additives Market Overview
6.2 South & Central America Grease Additives Market –Revenue and Forecast to 2028 (US$ Million)
6.3 South & Central America Grease Additives Market –Volume and Forecast to 2028 (Tons)
7. South & Central America Grease Additives Market Analysis – By Type
7.1 Overview
7.2 South & Central America Grease Additives Market, By Type (2021 and 2028)
7.3 Oxidation Inhibitors
7.3.1 Overview
7.3.2 Oxidation Inhibitors: South & Central America Grease Additives Market – Volume and Forecast to 2028 (Tons)
7.3.3 Oxidation Inhibitors: South & Central America Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Corrosion Inhibitors
7.4.1 Overview
7.4.2 Corrosion Inhibitors: South & Central America Grease Additives Market – Volume and Forecast to 2028 (Tons)
7.4.3 Corrosion Inhibitors: South & Central America Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Antiwear Agents
7.5.1 Overview
7.5.2 Antiwear Agents: South & Central America Grease Additives Market – Volume and Forecast to 2028 (Tons)
7.5.3 Antiwear Agents: South & Central America Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Pressure Additives
7.6.1 Overview
7.6.2 Pressure Additives: South & Central America Grease Additives Market – Volume and Forecast to 2028 (Tons)
7.6.3 Pressure Additives: South & Central America Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Metal Deactivators
7.7.1 Overview
7.7.2 Metal Deactivators: South & Central America Grease Additives Market – Volume and Forecast to 2028 (Tons)
7.7.3 Metal Deactivators: South & Central America Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others: South & Central America Grease Additives Market – Volume and Forecast to 2028 (Tons)
7.8.3 Others: South & Central America Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
8. South & Central America Grease Additives Market Analysis – By Application
8.1 Overview
8.2 South & Central America Grease Additives Market, By Application (2021 and 2028)
8.3 Automotive
8.3.1 Overview
8.3.2 Automotive: South & Central America Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Aerospace
8.4.1 Overview
8.4.2 Aerospace: South & Central America Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Marine
8.5.1 Overview
8.5.2 Marine: South & Central America Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Mining
8.6.1 Overview
8.6.2 Mining: South & Central America Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Steel Mill
8.7.1 Overview
8.7.2 Steel Mill: South & Central America Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
8.8 Construction Machinery
8.8.1 Overview
8.8.2 Construction Machinery: South & Central America Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
8.9 Others
8.9.1 Overview
8.9.2 Others: South & Central America Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
9. South & Central America Grease Additives Market – Country Analysis
9.1 Overview
9.1.1 South & Central America Grease Additives Market, by Key Country
9.1.1.1 Brazil: South & Central America Grease Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2 Brazil: South & Central America Grease Additives Market –Volume and Forecast to 2028 (Tons)
9.1.1.2.1 Brazil: South & Central America Grease Additives Market, by Type
9.1.1.2.2 Brazil: South & Central America Grease Additives Market, by Type
9.1.1.2.3 Brazil: South & Central America Grease Additives Market, by Application
9.1.1.3 Argentina: South & Central America Grease Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.4 Argentina: South & Central America Grease Additives Market –Volume and Forecast to 2028 (Tons)
9.1.1.4.1 Argentina: South & Central America Grease Additives Market, by Type
9.1.1.4.2 Argentina: South & Central America Grease Additives Market, by Type
9.1.1.4.3 Argentina: South & Central America Grease Additives Market, by Application
9.1.1.5 Rest of South & Central America: South & Central America Grease Additives Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.6 Rest of South & Central America: South & Central America Grease Additives Market –Volume and Forecast to 2028 (Tons)
9.1.1.6.1 Rest of South & Central America: South & Central America Grease Additives Market, by Type
9.1.1.6.2 Rest of South & Central America: South & Central America Grease Additives Market, by Type
9.1.1.6.3 Rest of South & Central America: South & Central America 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 The Lubrizol Corp
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 Lanxess AG
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
12. Appendix
12.1 About
12.2 Glossary of Terms

LIST OF TABLES

Table 1. South & Central America Grease Additives Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. South & Central America Grease Additives Market –Volume and Forecast to 2028 (Tons)
Table 3. Brazil South & Central America Grease Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil South & Central America Grease Additives Market, by Type – Volume and Forecast to 2028 (Tons)
Table 5. Brazil South & Central America Grease Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. Argentina South & Central America Grease Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Argentina South & Central America Grease Additives Market, by Type – Volume and Forecast to 2028 (Tons)
Table 8. Argentina South & Central America Grease Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of South & Central America Grease Additives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Rest of South & Central America Grease Additives Market, by Type – Volume and Forecast to 2028 (Tons)
Table 11. Rest of South & Central America Grease Additives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 12. Glossary of Terms, South & Central America Grease Additives Market

LIST OF FIGURES

Figure 1. South & Central America Grease Additives Market Segmentation
Figure 2. South & Central America Grease Additives Market Segmentation – By Country
Figure 3. South & Central America Grease Additives Market Overview
Figure 4. South & Central America Grease Additives Market, By Type
Figure 5. South & Central America Grease Additives Market, by Country
Figure 6. Porter’s Five Forces Analysis
Figure 7. Ecosystem Analysis: South & Central America Grease Additives Market
Figure 8. Expert Opinions
Figure 9. South & Central America Grease Additives Market Impact Analysis of Drivers and Restraints
Figure 10. South & Central America Grease Additives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. South & Central America Grease Additives Market – Volume and Forecast to 2028 (Tons)
Figure 12. South & Central America Grease Additives Market Revenue Share, By Type (2021 and 2028)
Figure 13. Oxidation Inhibitors: South & Central America Grease Additives Market – Volume and Forecast To 2028 (Tons)
Figure 14. Oxidation Inhibitors: South & Central America Grease Additives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. Corrosion Inhibitors: South & Central America Grease Additives Market – Volume and Forecast To 2028 (Tons)
Figure 16. Corrosion Inhibitors: South & Central America Grease Additives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. Antiwear Agents: South & Central America Grease Additives Market – Volume and Forecast To 2028 (Tons)
Figure 18. Antiwear Agents: South & Central America Grease Additives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Pressure Additives: South & Central America Grease Additives Market – Volume and Forecast To 2028 (Tons)
Figure 20. Pressure Additives: South & Central America Grease Additives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. Metal Deactivators: South & Central America Grease Additives Market – Volume and Forecast To 2028 (Tons)
Figure 22. Metal Deactivators: South & Central America Grease Additives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 23. Others: South & Central America Grease Additives Market – Volume and Forecast To 2028 (Tons)
Figure 24. Others: South & Central America Grease Additives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. South & Central America Grease Additives Market Revenue Share, By Application (2021 and 2028)
Figure 26. Automotive: South & Central America Grease Additives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 27. Aerospace: South & Central America Grease Additives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 28. Marine: South & Central America Grease Additives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 29. Mining: South & Central America Grease Additives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 30. Steel Mill: South & Central America Grease Additives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 31. Construction Machinery: South & Central America Grease Additives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 32. Others: South & Central America Grease Additives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 33. South & Central America Grease Additives Market Revenue Share, by Key Country- Revenue (2022) (US$ Million)
Figure 34. South & Central America Grease Additives Market Revenue Share, by Key Country (2021 and 2028)
Figure 35. Brazil: South & Central America Grease Additives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 36. Brazil: South & Central America Grease Additives Market –Volume and Forecast to 2028 (Tons)
Figure 37. Argentina: South & Central America Grease Additives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 38. Argentina: South & Central America Grease Additives Market –Volume and Forecast to 2028 (Tons)
Figure 39. Rest of South & Central America: South & Central America Grease Additives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 40. Rest of South & Central America: South & Central America Grease Additives Market –Volume and Forecast to 2028 (Tons)

The List of Companies – South & Central America Grease Additives Market

– Afton Chemical Corp
– BASF SE
– Clariant AG
– Croda International plc
– Evonik Industries AG
– Shamrock Technologies Inc
– The Lubrizol Corp
– RT Vanderbilt Holding Co Inc
– Lanxess AG
– IPAC Inc

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