South Korea Lubricant Oil Additives (LOA) Market to 2032
Overview
The South Korea Lubricant Oil Additives (LOA) Market is expected to reach a 429.95 by 2032 and is projected to grow at a CAGR of 6.36% from 2025 to 2032.
Revenue, 2024 ()
334.32
Forecast, 2032 ()
429.95
CAGR, 2024 - 2032
6.36%
Report Coverage
South Korea
South Korea Lubricant Oil Additives (LOA) Market 2018-2032
South Korea Lubricant Oil Additives (LOA) Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 334.32
- Projected Market Size (2032): 429.95
- CAGR (2025-2032): 6.36%
Key Findings of South Korea Lubricant Oil Additives (LOA) Market
- The South Korea Lubricant Oil Additives (LOA) Market was valued at 334.32 in 2024.
- The South Korea Lubricant Oil Additives (LOA) Market is likely to grow at a CAGR of 6.36% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Automotive in End User Segment accounted for the largest share of the market with a revenue of 172.98
- The fastest growing segment Friction Modifiers in Functional Type Segment grew Fastest with a CAGR of 10.01% during the forecast period from 2024 to 2032.
South Korea Lubricant Oil Additives (LOA) Market Scope
South Korea Lubricant Oil Additives (LOA) Market Segmentation & Scope
Application
- Others
- Gear Oil
- Metalworking Fluid
- Hydraulics Fluid
- Industrial Oil
- Process Oil
- Engine Oil
Functional Type
- Others
- Extreme Pressure additives
- Emulsifiers
- PPD
- Oxidation Inhibtors
- Rust & Corrosion Inhibtors
- Anti-Oxidants
- Friction Modifiers
- Anti-wear agents
- Detergents
- Dispersants
- Viscosity Index Improvers
End User
- Industrial
- Automotive
South Korea Lubricant Oil Additives (LOA) Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2017 |
| Unit | Revenue in |
| Market Value in 2024 | 334.32 |
| Market Value in 2032 | 429.95 |
| CAGR (2025-2032) | 6.36% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Application,Functional Type,End User |
Regional Insights:
-
Leading Market (2024-2032): South Korea, leading in terms of revenue 334.32 in 2024
- Key Country: South Korea, leading in terms of revenue with value of 334.32 in 2024.
Segments and Scope
-
South Korea Lubricant Oil Additives (LOA) Market to 2032, By Application
- Engine Oil is the largest segment in South Korea Lubricant Oil Additives (LOA) Market to 2032 with a revenue of 148.87 in the year 2024.
- Industrial Oil is the Fastest growing segment in South Korea Lubricant Oil Additives (LOA) Market to 2032 with a Growth rate of 5.30 % in forecast period 2025-2032.
-
South Korea Lubricant Oil Additives (LOA) Market to 2032, By Functional Type
- Viscosity Index Improvers is the largest segment in South Korea Lubricant Oil Additives (LOA) Market to 2032 with a revenue of 69.87 in the year 2024.
- Friction Modifiers is the Fastest growing segment in South Korea Lubricant Oil Additives (LOA) Market to 2032 with a Growth rate of 5.72 % in forecast period 2025-2032.
-
South Korea Lubricant Oil Additives (LOA) Market to 2032, By End User
- Automotive is the largest segment in South Korea Lubricant Oil Additives (LOA) Market to 2032 with a revenue of 172.98 in the year 2024.
- Automotive is the Fastest growing segment in South Korea Lubricant Oil Additives (LOA) Market to 2032 with a Growth rate of 7.00 % in forecast period 2025-2032.
South Korea Lubricant Oil Additives (LOA) Market Company Share Analysis
| Company Name |
|
||
| The Lubrizol Corporation | |||
| Chevron Corporation | |||
| Evonik Industries AG | |||
| OTHERS | |||
| Infineon Technologies AG | |||
South Korea Lubricant Oil Additives (LOA) Market Geographical Sales Distribution, 2018-2032
South Korea Lubricant Oil Additives (LOA) Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Korea Lubricant Oil Additives (LOA) Market is segmented based on Segmentation Application,Functional Type,End User.
South Korea Lubricant Oil Additives (LOA) Market was valued at USD 334.32(Revenue in ) in 2017.
South Korea Lubricant Oil Additives (LOA) Market is projected to grow at a CAGR of 6.36% during the forecast period of 2024 to 2032.
The Automotive segment is expected to dominate the South Korea Lubricant Oil Additives (LOA) Market, holding a largest market share of 172.98 in 2024
Coming Soon....
South Korea Lubricant Oil Additives (LOA) Market Scope
South Korea Lubricant Oil Additives (LOA) Market Segmentation & Scope
Application
- Others
- Gear Oil
- Metalworking Fluid
- Hydraulics Fluid
- Industrial Oil
- Process Oil
- Engine Oil
Functional Type
- Others
- Extreme Pressure additives
- Emulsifiers
- PPD
- Oxidation Inhibtors
- Rust & Corrosion Inhibtors
- Anti-Oxidants
- Friction Modifiers
- Anti-wear agents
- Detergents
- Dispersants
- Viscosity Index Improvers
End User
- Industrial
- Automotive
Frequently Asked Questions
The South Korea Lubricant Oil Additives (LOA) Market is segmented based on Segmentation Application,Functional Type,End User.
South Korea Lubricant Oil Additives (LOA) Market was valued at USD 334.32(Revenue in ) in 2017.
South Korea Lubricant Oil Additives (LOA) Market is projected to grow at a CAGR of 6.36% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Lubricant Oil Additives (LOA) Market for final year is USD 429.95 ().
South Korea Lubricant Oil Additives (LOA) Market Company Profiling
Frequently Asked Questions
The South Korea Lubricant Oil Additives (LOA) Market is segmented based on Segmentation Application,Functional Type,End User.
South Korea Lubricant Oil Additives (LOA) Market was valued at USD 334.32(Revenue in ) in 2017.
South Korea Lubricant Oil Additives (LOA) Market is projected to grow at a CAGR of 6.36% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Lubricant Oil Additives (LOA) Market for final year is USD 429.95 ().
HAVE A QUESTION?
Get expert advice on the right strategy for your business at no cost. We also offer customized subscription plans and affordable discounts for startups and universities.