HS Code:
Additives for lubricating oils, classified under HS Code 3811, include chemical compounds and preparations used to enhance the performance of lubricating oils. These additives improve properties such as viscosity, thermal stability, anti-wear characteristics, and resistance to oxidation. They are critical in automotive, industrial, and marine applications, ensuring machinery operates efficiently and with reduced wear. This category encompasses anti-knock preparations, oxidation inhibitors, viscosity improvers, and other functional additives.
Total Trade Volume
USD 18.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Shift towards bio-based additives
Growing demand for environmentally friendly and sustainable additives due to stricter environmental regulations, driving innovation in green chemistry.
2021-2023
Increased demand from electric vehicle (EV) sector
Rising need for specialized lubricants and additives tailored for EV components, such as battery cooling systems and electric motor bearings.
2022-2023
Supply chain disruptions
Global supply chain challenges, including raw material shortages and geopolitical tensions, have led to price volatility and delays in additive production.
2020-2022
The European Union has introduced stricter regulations under the Green Deal, mandating lower carbon footprints for chemical additives used in lubricants, pushing manufacturers to innovate.
March 2023
Increased R&D costs for compliance but long-term growth in demand for sustainable products.
A recent phase of the US-China trade agreement has reduced tariffs on chemical additives, including those for lubricating oils, fostering increased bilateral trade.
January 2023
Lower costs for importers in both countries, potentially increasing trade volume by 10-15% in this category.
A leading US-based additive manufacturer merged with a European counterpart to consolidate market share and enhance global supply capabilities.
July 2022
Improved economies of scale and potential price stabilization for end consumers.