Global lubricant additive consumption reached 4.6 million tons last year, having increased by 3.5 percent since 2016, according to industry consultants Kline & Co. Antioxidants and friction modifiers will experience the most growth through 2023, outpacing that of the finished lubricants they go into. This can be seen as the result of rising demand for highly effective lubricants stemming from ever-changing consumer preferences in a shifting industry. Key market players are constantly searching for maximum performance with the least wear, minimum expenses and reduced fuel consumption.
In the past few decades, the search for the best performing additives has led to nanoparticles. These particles provide several benefits, including improved tribological properties and extended lubricant life.