Lubricants Industry Analysis, Size, Share | Market Forecast (2018-23)
Lubricants Market - Segmented by Group, Base Stock, Product Type, End-user Industry, and Geography - Growth, Trends, and Forecast (2019 - 2024)

PUBLISHED

MAY 2018

Lubricants Market - Segmented by Group, Base Stock, Product Type, End-user Industry, and Geography - Growth, Trends, and Forecast (2019 - 2024)

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The global lubricant market is expected to register a CAGR of 2.18% during the forecast period, 2018-2023. One of the major factors driving the growth of the global market is the growing automotive production Asia-Pacific and Europe, especially in countries, such as India, United Kingdom, Italy, France, and Indonesia. Additionally, the growing demand for and usage of high-performance lubricants (owing to their better and improved properties, such as reduced flammability, reduced gear wear, and increased service life), is also driving the growth of the market, as the aforementioned properties, make these lubricants suitable for high temperature applications.

Lubricants are majorly used in the industrial sector for the proper functioning of machines. They are also used in automobile for smooth functioning and longevity of engines and other components. Lubricants are available in liquid, semi-fluid, or solid state, and possess various characteristics, such as, high viscosity index, high level of thermal stability, low freezing point, and high boiling point, all of which help to reduce friction between surfaces of machine parts and the rate of wear, without compromising operational efficiency.

Manufacturing Sector Supporting the Lubricant Consumption

The consumption of industrial lubricants is rising steadily owing to increasing consumption from manufacturing sectors. The Asia-Pacific region, presently, is a major hub for manufacturing, led by China. Other Asian countries leading in the manufacturing sector include Indonesia, Thailand, the Philippines, Vietnam, and Singapore. FDI inflow to Asia is estimated to be increased by nearly 15% in 2017, to USD 515 billion, this is mostly a result of the renewed policy efforts by the countries in this region. The FDI inflow to Asian countries was at its peak value of USD 524 billion in the year 2015, which was a moderate value in the year 2016. This robust growth in the manufacturing activities in the region is expected to create a surge in the demand for lubricants, during the forecast period.

                                          Lubricants Market

Increasing Drain Intervals for Lubricants

The chemistry and technology involved in the production of lubricants have undergone a tremendous change in the recent times. With the introduction of long lasting high-performance lubricants, as well as developments in machining technologies, the interval for oil change has extended almost by 100%. The tradition of changing oil for every 3,000 miles has changed to 7,500 to 10,000 miles for passenger cars. For instances, 60 years ago, the typical oil change interval for a truck was between 500-1,000 miles. But, with the advancement in the lubricant technology, the oil change interval has come to 50,000 miles and is to increase further. This would directly decrease the volumes of lubricants used for automotive, as well as industrial purposes.

Notable Developments in the Lubricants Market

  • October 2017 - Maoming Haihe Chemical Co., formerly known as Maoming Dazetian; opened the first Group I plant in the past 20 yrs and the plant was operational by the end of 2017
  • August 2017 - Sinochem, a state-owned Chinese chemical company, announced its plans to sell finished lubricants by the end of the year
  • July 2017 - ExxonMobil Corporation entered an agreement with GE, for the supply of lubricants for GE’s Jenbacher gas engines
  • May 2017 - Total Lubricants and CLAAS, a major player in the agriculture machinery industry, renewed their partnership until 2021 for the supply of after-sale lubricants

Lubricants Market Major Players:

  • Royal Dutch Shell Plc.
  • Exxonmobil.
  • BP Plc.
  • Total.
  • Chevron.
  • FUCHS.
  • Sinopec.
  • Lukoil.
  • Valvoline.
  • Pt Pertamina.
  • Petrobras.

Reasons to Purchase Lubricants Market Report

  • Current and future of the global lubricant market in the developed and emerging markets
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The end-user segment that is expected to dominate the market
  • Countries that are expected to witness fastest growth during the forecast period
  • Identifying the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

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1. Introduction

                1.1 Research Phases

                1.2 Study Deliverables

                1.3 Scope of the Report

2. Executive Summary

3. Lubricants Market Insights

               3.1 Industry Value Chain Analysis

               3.2 Industry Attractiveness - Porter's Five Forces Model

                              3.2.1 Bargaining Power of Suppliers

                              3.2.2 Bargaining Power of Buyers

                              3.2.3 Threat of New Entrants

                              3.2.4 Threat of Substitute Products

                              3.2.5 Degree of Competition

               3.3 Regulatory Policy Analysis

4. Market Dynamics

               4.1 Lubricants Market Drivers

               4.2 Lubricants Market Restraints

               4.3 Lubricants Market Opportunities

5. Market Segmentation & Analysis (Market Size, Growth and Forecast)

               5.1 Lubricants Market By Group

                              5.1.1 Group I

                              5.1.2 Group II

                              5.1.3 Group III

                              5.1.4 Group IV

                              5.1.5 Group V

               5.2 Lubricants Market By Base Stock

                              5.2.1 Bio-Based Lubricants

                              5.2.2 Mineral Oil Lubricants

                              5.2.3 Synthetic Lubricants

                              5.2.4 Semi-synthetic Lubricants

               5.3 Lubricants Market By Product Type

                              5.3.1 Engine Oil

                                             5.3.1.1 Light Motor Vehicle Engine Oil

                                             5.3.1.2 Heavy duty Motor Vehicle Engine Oil

                              5.3.2 Transmission & Hydraulic Fluids

                                             5.3.2.1 Industrial Hydraulic Fluids

                                             5.3.2.2 Automatic Transmission Fluids

                              5.3.3 Metalworking Fluids

                              5.3.4 General Industrial Oils

                                             5.3.4.1 Turbine Oil

                                             5.3.4.2 Compressor & Refrigeration Oil

                                             5.3.4.3 Electrical Oil

                              5.3.5 Gear Oil

                                             5.3.5.1 Transportation Gear Oils

                                             5.3.5.2 Industrial Gear Oils

                              5.3.6 Greases

                                             5.3.6.1 Industrial

                                             5.3.6.2 Transportation

                              5.3.7 Process Oils

                                             5.3.7.1 White Oil

                                             5.3.7.2 Rubber Oil

                                             5.3.7.3 Others

                              5.3.8 Others

               5.4 Lubricants Market By End-user Industry

                              5.4.1 Power Generation

                              5.4.2 Automotive & Other Transportation

                              5.4.3 Heavy Equipment

                              5.4.4 Food & Beverage

                              5.4.5 Metallurgy & Metal Working

                              5.4.6 Chemical Manufacturing

                              5.4.7 Others

6. Lubricants Market Regional Market Analysis (Market Size, Growth and Forecast)

               6.1  Asia-Pacific Lubricants Market Size (2018-2023)

                              6.1.1 China Lubricants Market Size (2018-2023)

                              6.1.2 India Lubricants Market Size (2018-2023)

                              6.1.3 Japan Lubricants Market Size (2018-2023)

                              6.1.4 South Korea Lubricants Market Size (2018-2023)

                              6.1.5 Philippines Lubricants Market Size (2018-2023)

                              6.1.6 Indonesia Lubricants Market Size (2018-2023)

                              6.1.7 Malaysia Lubricants Market Size (2018-2023)

                              6.1.8 Thailand Lubricants Market Size (2018-2023)

                              6.1.9 Vietnam Lubricants Market Size (2018-2023)

                              6.1.10 Rest of Asia-Pacific

               6.2 North America Lubricants Market Size (2018-2023)

                              6.2.1 United States Lubricants Market Size (2018-2023)

                              6.2.2 Canada Lubricants Market Size (2018-2023)

                              6.2.3 Mexico Lubricants Market Size (2018-2023)

                              6.2.4 Rest of North America

               6.3 Europe Lubricants Market Size (2018-2023)

                              6.3.1 Germany Lubricants Market Size (2018-2023)

                              6.3.2 United Kingdom Lubricants Market Size (2018-2023)

                              6.3.3 Italy Lubricants Market Size (2018-2023)

                              6.3.4 France Lubricants Market Size (2018-2023)

                              6.3.5 Russia Lubricants Market Size (2018-2023)

                              6.3.6 Turkey Lubricants Market Size (2018-2023)

                              6.3.7 Rest of Europe

               6.4 South America Lubricants Market Size (2018-2023)

                              6.4.1 Brazil Lubricants Market Size (2018-2023)

                              6.4.2 Argentina Lubricants Market Size (2018-2023)

                              6.4.3 Colombia Lubricants Market Size (2018-2023)

                              6.4.4 Chile Lubricants Market Size (2018-2023)

                              6.4.5 Rest of South America

               6.5 Middle-East Lubricants Market Size (2018-2023)

                              6.5.1 Saudi Arabia Lubricants Market Size (2018-2023)

                              6.5.2 Iran Lubricants Market Size (2018-2023)

                              6.5.3 Iraq Lubricants Market Size (2018-2023)

                              6.5.4 UAE Lubricants Market Size (2018-2023)

                              6.5.5 Rest of Middle-East

               6.6 Africa Lubricants Market Size (2018-2023)

                              6.6.1 Egypt Lubricants Market Size (2018-2023)

                              6.6.2 South Africa Lubricants Market Size (2018-2023)

                              6.6.3 Nigeria Lubricants Market Size (2018-2023)

                              6.6.4 Algeria Lubricants Market Size (2018-2023)

                              6.6.5 Morocco Lubricants Market Size (2018-2023)

                              6.6.6 Rest of Africa

7. Lubricants Market Future Outlook

8. Lubricants Market Competitive Landscape

               8.1 Mergers, Acquisitions, Joint Ventures, Collaborations & Agreements

               8.2 Market Share Analysis**

               8.3 Strategies Adopted by Leading Players

9. Lubricants Market Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)

               9.1 Amsoil Inc.

               9.2 BASF SE

               9.3 BECHEM

               9.4 Bharat Petroleum Corporation Limited

               9.5 BP Plc

               9.6 Blaser Swisslube AG

               9.7 Caltex Australia Group

               9.8 China National Petroleum Corporation (PetroChina)

               9.9 China Petroleum & Chemical Corporation (Sinopec)

               9.10 Chemtura Corporation

               9.11 Chevron U.S.A. Inc.

               9.12 Eni S.p.A.

               9.13 Exxon Mobil Corporation

               9.14 FUCHS

               9.15 Gazprom Neft PJSC

               9.16 GULF OIL Corporation Limited

               9.17 HPCL

               9.18 Idemitsu Kosan Co.,Ltd

               9.19 Indian Oil Corporation Ltd

               9.20 ITW (ROCOL)

               9.21 JX Nippon Oil & Energy Corporation

               9.22 Klüber Lubrication

               9.23 LUKOIL Lubricants Company

               9.24 Motul

               9.25 Pertamina

               9.26 Petrobras

               9.27 PETROFER CHEMIE H. R. Fischer GmbH + Co. KG

               9.28 PETRONAS Lubricants International

               9.29 Phillips 66 Lubricants

               9.30 Repsol S.p.A

               9.31 Royal Dutch Shell Plc.

               9.32 SK Lubricants

               9.33 Tide Water Oil Co. (India) Ltd.

               9.34 TOTAL LUBRIFIANTS

               9.35 Valvoline LLC

                *List not exhaustive

10. *Disclaimer

 **Subject to availability on public domain

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