Market Research Reports

Synthetic & Bio-Based Lubricants Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth And Forecast, 2012 - 2018

177pages
Published Date: 2013-01-23
 

Description



This study estimates and forecasts the demand for synthetic (mineral oils and chemical oils) and bio-based lubricants in the global market. Synthetic lubricants market has been segmented on the basis of various products including industrial, consumer automotive and commercial automotive lubricants. This segmentation has also been analyzed on a regional level, providing data for North America, Europe and Asia Pacific. Bio-based lubricants market has been segmented on the basis of applications such as hydraulic oil, chainsaw oil, turbine oil, metal working oil and so on. Biolubricant demand has also been segmented on the basis of end-use industries such as commercial and consumer automotives. The study analyzes the entire lubricant industry from the demand perspective and market data for all segmentations is provided both in terms of volumes and revenues with forecast for the period from 2013 to 2018.

Various synthetic lubricant products analyzed in this study include process oils, general industrial oils, hydraulic & transmission fluid, passenger vehicle engine & motor oil, metal working fluids, heavy-duty engine oil, gear oil and grease. Bio-based lubricants have also been analyzed from raw material perspective, with estimates for vegetable oil-based and animal oil based lubes. The bio-based lubricant market by applications can be mainly divided into automotive, hydraulic, process, demolding, chainsaw, compressor, turbine, industrial gear, metal working oils and lubricating greases. The economies covered in this report are North America, Europe, Asia-Pacific, and Rest of the World (ROW).

This report also includes Porters five forces model and the market share of major companies in 2011. A market attractiveness profile has also been provided for bio-based lubricants which would assist in product development and specifications. Some of the key players that deal in synthetic and bio-based lubricants include Royal Dutch Shell, Exxon Mobil, British Petroleum, Chevron, Castrol, Fuchs and Total. The top 20 market participants have been profiled in this study, including data such as recent developments, financial performance, and product lines and so on.

This study provides a holistic analysis of the entire lubricant industry, from the raw material perspective to the end-user applications. The study also analyzes the competitive landscape in the industry, providing company market share analysis for both synthetic and bio-based lubricants along with detailed profiles of top companies. The synthetic and bio-based lubricants market has been comprehensively segmented as below:

  • Global Synthetic Lubricants market, by product type
  • Industrial
    • Process Oils
    • General Industrial Oils
    • Metal Working Fluids
    • Industrial Engine Oils
  • Commercial Automotive
    • Heavy-Duty Engine Oil
    • Hydraulic and Transmission Fluid
    • Gear Oil
    • Grease
  • Consumer Automotive
    • Passenger Vehicle Engine & Motor Oil
    • Automatic Transmission Fluid
    • Gear Oil
    • Grease
  • Global Bio-based Lubricants market, by product type
  • Vegetable Oils
  • Animal Oils
  • Global Bio-Based Lubricants market, by application
  • Automotive Oils
  • Hydraulic Oils
  • Process Oils
  • Demolding Oils
  • Lubricating Grease
  • Chainsaw Oils
  • Compressor Oils
  • Turbine Oils
  • Industrial Gear Oils
  • Metal Working Oils
  • Global Bio-Based Lubricants market, by end-user
  • Industrial Lubricants
  • Commercial Transportation Lubricants
  • Consumer Automotive Lubricants
  • Global Synthetic & Bio-Based Lubricants market, by geography
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World (RoW)

Table of Contents


TABLE OF CONTENT

CHAPTER 1 PREFACE
1.1 REPORT DESCRIPTION
1.2 RESEARCH SCOPE
1.3 RESEARCH METHODOLOGY

CHAPTER 2 EXECUTIVE SUMMARY

CHAPTER 3 MARKET OVERVIEW
3.1 INTRODUCTION
3.2 VALUE CHAIN ANALYSIS
3.3 MARKET DRIVERS
      3.3.1 Increasing demand for automobiles
      3.3.1 Reduction in crude oil dependence
      3.3.1 Regulatory support for bio-based alternatives
3.4 MARKET RESTRAINTS
      3.4.1 Volatility in mineral oil prices
      3.4.1 Bio–based lubricants cost higher than synthetic lubricants
      3.4.1 Limited application scope of bio-based lubricants
3.5 MARKET OPPORTUNITIES
      3.5.1 Increase in R&D efforts to develop new innovative products
      3.5.1 Soybean and Palm oil emerge as new source for bio-based lubricants
3.6 SYNTHETIC & BIO-BASED LUBRICANTS MARKET, BY RAW MATERIAL
      3.6.1 Crude Oil
      3.6.1 Palm oil
      3.6.1 Castor oil
      3.6.1 Sunflower oil
      3.6.1 Others
3.7 PORTER’S FIVE FORCES ANALYSIS
      3.7.1 Bargaining power of suppliers
      3.7.1 Bargaining power of buyers
      3.7.1 Threat from new entrants
      3.7.1 Threat from substitutes
      3.7.1 Degree of competition
3.8 MARKET ATTRACTIVENESS ANALYSIS
      3.8.1 MARKET ATTRACTIVENESS ANALYSIS OF BIO-BASED LUBRICANTS BY APPLICATION
3.9 COMPANY MARKET SHARE ANALYSIS
      3.9.1 SYNTHETIC LUBRICANTS MARKET, COMPANY MARKET SHARE ANALYSIS
      3.9.2 BIO-BASED LUBRICANTS MARKET, COMPANY MARKET SHARE ANALYSIS]

CHAPTER 4 GLOBAL SYNTHETIC & BIO-BASED LUBRICANTS MARKET, BY PRODUCT TYPE
4.1 GLOBAL SYNTHETIC LUBRICANTS VOLUME SHARE, BY PRODUCT TYPE, 2011- 2018
4.2 GLOBAL SYNTHETIC LUBRICANTS DEMAND, BY PRODUCT TYPE, 2010 – 2018 (MILLION TONS) (USD MILLION)
      4.2.1 INDUSTRIAL SYNTHETIC LUBRICANTS
              4.2.1.1 Global demand for industrial synthetic lubricants, volume and revenue, 2010 – 2018 (Million Tons) (USD Million)
      4.2.2 COMMERCIAL AUTOMOTIVE SYNTHETIC LUBRICANTS
              4.2.2.1 Global demand for commercial automotive synthetic lubricants, volume and revenue, 2010 – 2018 (Million Tons) (USD Million)
      4.2.3 CONSUMER AUTOMOTIVE SYNTHETIC LUBRICANTS
              4.2.3.1 Global demand for consumer automotive synthetic lubricants, volume and revenue, 2010 – 2018 (Million Tons) (USD Million)
4.3 GLOBAL INDUSTRIAL SYNTHETIC LUBRICANTS VOLUME SHARE, BY PRODUCT TYPE, 2011- 2018
4.4 GLOBAL INDUSTRIAL SYNTHETIC LUBRICANTS DEMAND, BY PRODUCT TYPE, 2010 – 2018 (MILLION TONS) (USD MILLION)
      4.4.1 PROCESS OILS
              4.4.1.1 Global demand for process oils, volume and revenue, 2010 – 2018 (Million Tons) (USD Million)
      4.4.2 GENERAL INDUSTRIAL OILS
              4.4.2.1 Global demand for general industrial oils, volume and revenue, 2010 – 2018 (Million Tons) (USD Million)
      4.4.3 METAL WORKING FLUIDS
              4.4.3.1 Global demand for metal working fluids, volume and revenue, 2010 – 2018 (Million Tons) (USD Million)
      4.4.4 INDUSTRIAL ENGINE OILS
              4.4.4.1 Global demand for industrial engine oils, volume and revenue, 2010 – 2018 (Million Tons) (USD Million)
      4.4.5 OTHERS
               4.4.5.1 Global demand for other industrial synthetic lubricants, volume and revenue, 2010 – 2018 (Million Tons) (USD Million)
4.5 GLOBAL COMMERCIAL AUTOMOTIVE SYNTHETIC LUBRICANTS VOLUME SHARE, BY PRODUCT TYPE, 2011- 2018
4.6 GLOBAL COMMERCIAL AUTOMOTIVE SYNTHETIC LUBRICANTS DEMAND, BY PRODUCT TYPE, 2010 – 2018 (MILLION TONS) (USD MILLION)
      4.6.1 HEAVY-DUTY ENGINE OILS
              4.6.1.1 Global demand for heavy-duty engine oils, volume and revenue, 2010 – 2018 (Million Tons) (USD Million)
      4.6.2 HYDRAULIC AND TRANSMISSION FLUIDS
              4.6.2.1 Global demand for hydraulic and transmission fluids, volume and revenue, 2010 – 2018 (Million Tons) (USD Million)
      4.6.3 GEAR OILS
              4.6.3.1 Global demand for gear oils, volume and revenue, 2010 – 2018 (Million Tons) (USD Million)
      4.6.4 GREASE
              4.6.4.1 Global demand for grease, volume and revenue, 2010 – 2018 (Million Tons) (USD Million)
4.7 GLOBAL CONSUMER AUTOMOTIVE SYNTHETIC LUBRICANTS VOLUME SHARE, BY PRODUCT TYPE, 2011- 2018
4.8 GLOBAL CONSUMER AUTOMOTIVE SYNTHETIC LUBRICANTS DEMAND, BY PRODUCT TYPE, 2010 – 2018 (MILLION TONS) (USD MILLION)
      4.8.1 PASSENGER VEHICLE ENGINE AND MOTOR OILS
              4.8.1.1 Global demand for passenger vehicle engine and motor oils, volume and revenue, 2010 – 2018 (Million Tons) (USD Million)
      4.8.2 AUTOMATIC TRANSMISSION FLUID
              4.8.2.1 Global demand for automatic transmission fluids, volume and revenue, 2010 – 2018 (Million Tons) (USD Million)
      4.8.3 GEAR OIL
              4.8.3.1 Global demand for gear oil, volume and revenue, 2010 – 2018 (Million Tons) (USD Million)
      4.8.4 GREASE
               4.8.4.1 Global demand for grease, volume and revenue, 2010 – 2018 (Million Tons) (USD Million)
4.9 GLOBAL BIO-BASED LUBRICANTS VOLUME SHARE, BY PRODUCT TYPE, 2011-2018
4.10 VEGETABLE OIL
       4.10.1 GLOBAL VEGETABLE OIL LUBRICANT MARKET VOLUMES ESTIMATES AND FORECAST, 2010 – 2018 (KILO TONS)
4.11 ANIMAL OIL
       4.11.1 GLOBAL ANIMAL OIL LUBRICANT MARKET VOLUMES ESTIMATES AND FORECAST, 2010 – 2018 (KILO TONS)

CHAPTER 5 GLOBAL BIO-BASED LUBRICANTS MARKET, BY APPLICATION
5.1 GLOBAL BIO-BASED LUBRICANTS MARKET: APPLICATION OVERVIEW
       5.1.1 GLOBAL BIO-BASED LUBRICANTS MARKET VOLUME SHARE BY APPLICATION, 2011 – 2018
5.2 AUTOMOTIVE OILS
       5.2.1 GLOBAL AUTOMOTIVE OILS APPLICATION MARKET ESTIMATES AND FORECAST, 2010 – 2018 (KILO TONS), (USD MILLION)
5.3 HYDRAULIC OILS
       5.3.1 GLOBAL HYDRAULIC OILS APPLICATION MARKET ESTIMATES AND FORECAST, 2010 – 2018 (KILO TONS), (USD MILLION)
5.4 PROCESS OILS
       5.4.1 GLOBAL PROCESS OILS APPLICATION MARKET ESTIMATES AND FORECAST, 2010 – 2018 (KILO TONS), (USD MILLION)
5.5 DEMOLDING OILS
       5.5.1 GLOBAL DEMOLDING OILS APPLICATION MARKET ESTIMATES AND FORECAST, 2010 – 2018 (KILO TONS), (USD MILLION)
5.6 LUBRICATING GREASES
       5.6.1 GLOBAL LUBRICATING GREASES APPLICATION MARKET ESTIMATES AND FORECAST, 2010 – 2018 (KILO TONS), (USD MILLION)
       5.6.2 GLOBAL CHAINSAW OILS APPLICATION MARKET ESTIMATES AND FORECAST, 2010 – 2018 (KILO TONS), (USD MILLION)
5.7 COMPRESSOR OILS
       5.7.1 GLOBAL COMPRESSOR OILS APPLICATION MARKET ESTIMATES AND FORECAST, 2010 – 2018 (KILO TONS), (USD MILLION)
5.8 TURBINE OILS
       5.8.1 GLOBAL TURBINE OILS APPLICATION MARKET ESTIMATES AND FORECAST, 2010 – 2018 (KILO TONS), (USD MILLION)
5.9 INDUSTRIAL GEAR OILS
       5.9.1 GLOBAL INDUSTRIAL GEAR OILS APPLICATION MARKET ESTIMATES AND FORECAST, 2010 – 2018 (KILO TONS), (USD MILLION)
5.10 METAL WORKING OILS
       5.10.1 GLOBAL METAL WORKING OILS APPLICATION MARKET ESTIMATES AND FORECAST, 2010 – 2018 (KILO TONS), (USD MILLION)

CHAPTER 6 GLOBAL BIO-BASED LUBRICANTS MARKET, BY END USER
6.1 GLOBAL BIO-BASED LUBRICANTS MARKET, BY END USER
       6.1.1 GLOBAL BIO-BASED LUBRICANTS MARKET VOLUME SHARE BY END USER, 2011 - 2018
6.2 INDUSTRIAL
       6.2.1 GLOBAL INDUSTRIAL BIO-BASED LUBRICANT MARKET VOLUMES ESTIMATES AND FORECAST, 2010 – 2018 (KILO TONS)
6.3 COMMERCIAL TRANSPORTATION
       6.3.1 GLOBAL COMMERCIAL TRANSPORTATION BIO-BASED LUBRICANT MARKET VOLUMES ESTIMATES AND FORECAST, 2010 – 2018 (KILO TONS)
6.4 CONSUMER AUTOMOTIVE
       6.4.1 GLOBAL CONSUMER AUTOMOTIVE BIO-BASED LUBRICANT MARKET VOLUMES ESTIMATES AND FORECAST, 2010 – 2018 (KILO TONS)

CHAPTER 7 GLOBAL SYNTHETIC & BIO-BASED LUBRICANTS MARKET, BY GEOGRAPHY
7.1 GLOBAL SYNTHETIC LUBRICANTS MARKET : GEOGRAPHICAL OVERVIEW
       7.1.1 GLOBAL SYNTHETIC LUBRICANTS VOLUME SHARE, BY GEOGRAPHY, 2011- 2018 (MILLION TONS)
7.2 GLOBAL BIO-BASED LUBRICANTS MARKETS: GEOGRAPHICAL OVERVIEW
       7.2.1 GLOBAL BIO-BASED LUBRICANTS MARKET VOLUME SHARE BY GEOGRAPHY, 2011 – 2018
7.3 ASIA PACIFIC
       7.3.1 ASIA PACIFIC SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2010 – 2018 (MILLION TONS)
       7.3.2 ASIA PACIFIC SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2010 – 2018 (USD MILLION)
       7.3.3 ASIA PACIFIC INDUSTRIAL SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2010 – 2018 (MILLION TONS)
       7.3.4 ASIA PACIFIC INDUSTRIAL SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2010 – 2018 (USD MILLION)
       7.3.5 ASIA PACIFIC COMMERCIAL AUTOMOTIVE SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2010 – 2018 (MILLION TONS)
       7.3.6 ASIA PACIFIC COMMERCIAL AUTOMOTIVE SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2010 – 2018 (USD MILLION)
       7.3.7 ASIA PACIFIC CONSUMER AUTOMOTIVE SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2010 – 2018 (MILLION TONS)
       7.3.8 ASIA PACIFIC CONSUMER AUTOMOTIVE SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2010 – 2018 (USD MILLION)
       7.3.9 ASIA PACIFIC BIO-BASED LUBRICANTS MARKET ESTIMATES AND FORECAST, 2010 – 2018 (KILO TONS), (USD MILLION)
7.4 NORTH AMERICA
       7.4.1 NORTH AMERICA SYNTHETIC LUBRICANTS MARKET VOLUMES, BY PRODUCT TYPE, 2010-2018 (MILLION TONS)
       7.4.2 NORTH AMERICA SYNTHETIC LUBRICANTS MARKET REVENUE, BY PRODUCT TYPE, 2010 – 2018 (USD MILLION)
       7.4.3 NORTH AMERICA INDUSTRIAL SYNTHETIC LUBRICANTS MARKET VOLUMES, BY PRODUCT TYPE, 2010 - 2018 (MILLION TONS)
       7.4.4 NORTH AMERICA INDUSTRIAL SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2010 – 2018 (USD MILLION)
       7.4.5 NORTH AMERICA COMMERCIAL AUTOMOTIVE SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2009 – 2018 (MILLION TONS)
       7.4.6 NORTH AMERICA COMMERCIAL AUTOMOTIVE SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2010 – 2018 (USD MILLION)
       7.4.7 NORTH AMERICA CONSUMER AUTOMOTIVE SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2010 – 2018 (MILLION TONS)
       7.4.8 NORTH AMERICA CONSUMER AUTOMOTIVE SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2010 – 2018 (USD MILLION)
       7.4.9 NORTH AMERICA BIO-BASED LUBRICANTS MARKET ESTIMATES AND FORECAST, 2010 – 2018 (KILO TONS), (USD MILLION)
7.5 EUROPE
       7.5.1 EUROPEAN SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPES, 2010 – 2018 (MILLION TONS)
       7.5.2 EUROPEAN SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2010 – 2018 (USD MILLION)
       7.5.3 EUROPEAN INDUSTRIAL SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2010 – 2018 (MILLION TONS)
       7.5.4 EUROPEAN INDUSTRIAL SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2010 – 2018 (USD MILLION)
       7.5.5 EUROPEAN COMMERCIAL AUTOMOTIVE SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2010 – 2018 (MILLION TONS)
       7.5.6 EUROPEAN COMMERCIAL AUTOMOTIVE SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2010 – 2018 (USD MILLION)
       7.5.7 EUROPEAN CONSUMER AUTOMOTIVE SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2010 – 2018 (MILLION TONS)
       7.5.8 EUROPEAN CONSUMER AUTOMOTIVE SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2010 – 2018 (USD MILLION)
       7.5.9 EUROPE BIO-BASED LUBRICANTS MARKET ESTIMATES AND FORECAST, 2010 – 2018 (KILO TONS), (USD MILLION)
7.6 REST OF THE WORLD (ROW)
       7.6.1 ROW SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2010 – 2018 (MILLION TONS)
       7.6.2 ROW SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2010 – 2018 (USD MILLION)
       7.6.3 ROW INDUSTRIAL SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 20109 – 2018 (MILLION TONS)
       7.6.4 ROW INDUSTRIAL SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2010 – 2018 (USD MILLION)
       7.6.5 ROW COMMERCIAL AUTOMOTIVE SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2010 – 2018 (MILLION TONS)
       7.6.6 ROW COMMERCIAL AUTOMOTIVE SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2010 – 2018 (USD MILLION)
       7.6.7 ROW CONSUMER AUTOMOTIVE SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2010 – 2018 (MILLION TONS)
       7.6.8 ROW CONSUMER AUTOMOTIVE SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2010 – 2018 (USD MILLION)
       7.6.9 ROW BIO-BASED LUBRICANTS MARKET ESTIMATES AND FORECAST, 2010 – 2018 (KILO TONS), (USD MILLION)

CHAPTER 8 COMPANY PROFILES
8.1 BINOL BIOLUBRICANTS
       8.1.1 COMPANY OVERVIEW
       8.1.2 FINANCIAL OVERVIEW
       8.1.3 SWOT ANALYSIS
       8.1.4 BUSINESS STRATEGY
       8.1.5 RECENT DEVELOPMENTS
8.2 BRITISH PETROLEUM PLC
       8.2.1 COMPANY OVERVIEW
       8.2.2 FINANCIAL OVERVIEW
       8.2.3 SWOT ANALYSIS
       8.2.4 BUSINESS STRATEGY
       8.2.5 RECENT DEVELOPMENTS
8.3 CARGILL INCORPORATED
       8.3.1 COMPANY OVERVIEW
       8.3.2 FINANCIAL OVERVIEW
       8.3.3 SWOT ANALYSIS
       8.3.4 BUSINESS STRATEGIES
       8.3.5 RECENT DEVELOPMENTS
8.4 CHEVRON
       8.4.1 COMPANY OVERVIEW
       8.4.2 FINANCIAL OVERVIEW
       8.4.3 SWOT ANALYSIS
       8.4.4 BUSINESS STRATEGY
       8.4.5 RECENT DEVELOPMENTS
8.5 CONOCOPHILIPS COMPANY
       8.5.1 COMPANY OVERVIEW
       8.5.2 FINANCIAL OVERVIEW
       8.5.3 SWOT ANALYSIS
       8.5.4 BUSINESS STRATEGY
       8.5.5 RECENT DEVELOPMENTS
8.6 EXXON MOBIL CORPORATION (XOM)
       8.6.1 COMPANY OVERVIEW
       8.6.2 FINANCIAL OVERVIEW
       8.6.3 SWOT ANALYSIS
       8.6.4 BUSINESS STRATEGY
       8.6.5 RECENT DEVELOPMENTS
8.8 FUCHS LUBRICANTS CO
       8.8.1 COMPANY OVERVIEW
       8.8.2 FINANCIAL OVERVIEW
       8.8.3 SWOT ANALYSIS
       8.8.4 BUSINESS STRATEGY
       8.8.5 RECENT DEVELOPMENTS
8.9 INDIAN OIL CORPORATION LTD.
       8.9.1 COMPANY OVERVIEW
       8.9.2 FINANCIAL OVERVIEW
       8.9.3 SWOT ANALYSIS
       8.9.4 BUSINESS STRATEGIES
       8.9.5 RECENT DEVELOPMENTS
8.10 MILLER OILS LTD
       8.10.1 COMPANY OVERVIEW
       8.10.2 FINANCIAL OVERVIEW
       8.10.3 SWOT ANALYSIS
       8.10.4 BUSINESS STRATEGIES
       8.10.5 RECENT DEVELOPMENTS
8.11 PANOLIN INTERNATIONAL INC.
       8.11.1 COMPANY OVERVIEW
       8.11.2 FINANCIAL OVERVIEW
       8.11.3 SWOT ANALYSIS
       8.11.4 BUSINESS STRATEGIES
       8.11.5 RECENT DEVELOPMENTS
8.12 PETROBRAS
       8.12.1 COMPANY OVERVIEW
       8.12.2 FINANCIAL OVERVIEW
       8.12.3 SWOT ANALYSIS
       8.12.4 BUSINESS STRATEGY
       8.12.5 RECENT DEVELOPMENTS
8.13 PETROCHINA COMPANY LIMITED
       8.13.1 COMPANY OVERVIEW
       8.13.2 FINANCIAL OVERVIEW
       8.13.3 SWOT ANALYSIS
       8.13.4 BUSINESS STRATEGIES
8.13.5 RECENT DEVELOPMENTS
8.14 PETRONAS LUBRICANTS INTERNATIONAL
       8.14.1 COMPANY OVERVIEW
       8.14.2 FINANCIAL OVERVIEW
       8.14.3 SWOT ANALYSIS
       8.14.4 BUSINESS STRATEGY
       8.14.5 RECENT DEVELOPMENTS
8.15 RENEWABLE LUBRICANTS INC.
       8.15.1 COMPANY OVERVIEW
       8.15.2 FINANCIAL OVERVIEW
       8.15.3 SWOT ANALYSIS
       8.15.4 BUSINESS STRATEGIES
8.16 ROYAL DUTCH SHELL PLC
       8.16.1 COMPANY OVERVIEW
       8.16.2 FINANCIAL OVERVIEW
       8.16.3 SWOT ANALYSIS
       8.16.4 BUSINESS STRATEGY
       8.16.5 RECENT DEVELOPMENTS
8.17 SINOPEC CORPORATION
       8.17.1 COMPANY OVERVIEW
       8.17.2 FINANCIAL OVERVIEW
       8.17.3 SWOT ANALYSIS
       8.17.4 BUSINESS STRATEGY
       8.17.5 RECENT DEVELOPMENTS
8.18 STATOIL LUBRICANTS
       8.18.1 COMPANY OVERVIEW
       8.18.2 FINANCIAL OVERVIEW
       8.18.3 SWOT ANALYSIS
       8.18.4 BUSINESS STRATEGY
8.19 TOTAL S.A.
       8.19.1 COMPANY OVERVIEW
       8.19.2 FINANCIAL OVERVIEW
       8.19.3 SWOT ANALYSIS
       8.19.4 BUSINESS STRATEGY
       8.19.5 RECENT DEVELOPMENTS
8.20 VALVOLINE INTERNATIONAL INC.
       8.20.1 COMPANY OVERVIEW
       8.20.2 FINANCIAL OVERVIEW
       8.20.3 SWOT ANALYSIS
       8.20.4 BUSINESS STRATEGIES
       8.20.5 RECENT DEVELOPMENTS

LIST OF FIGURES 

FIG. 1 GLOBAL SYNTHETIC LUBRICANTS MARKET VOLUME AND REVENUE, 2010 – 2018 (MILLION TONS) (USD MILLION)
FIG. 2 GLOBAL BIO-BASED LUBRICANTS MARKET VOLUME AND REVENUE, 2010 – 2018 (KILO TONS) (USD MILLION)
FIG. 3 VALUE CHAIN ANALYSIS OF SYNTHETIC AND BIO-BASED LUBRICANTS
FIG. 4 GLOBAL AUTOMOBILE SALES DEMAND, 2010 - 2018 (MILLION UNITS)
FIG. 5 MINERAL OIL PRICE TRENDS, 2010 – 2013 (USD/TON) (GLOBAL AVERAGE)
FIG. 6 SYNTHETIC V/S BIO-LUBRICANTS: RAW MATERIAL PRICE TRENDS, 2010 - 2018
FIG. 7 PORTER’S FIVE FORCES ANALYSIS
FIG. 8 MARKET ATTRACTIVENESS ANALYSIS OF BIO-BASED LUBRICANTS BY APPLICATION
FIG. 9 SYNTHETIC LUBRICANTS MARKET: COMPANY MARKET SHARE, 2011
FIG. 10 BIO-BASED LUBRICANTS MARKET: COMPANY MARKET SHARE, 2011
FIG. 11 GLOBAL SYNTHETIC LUBRICANTS VOLUME SHARE, BY PRODUCT TYPE, 2011 – 2018 (MILLION TONS)
FIG. 12 GLOBAL DEMAND FOR INDUSTRIAL SYNTHETIC LUBRICANTS, 2010 – 2018 (MILLION TONS) (USD MILLION)
FIG. 13 GLOBAL DEMAND FOR COMMERCIAL AUTOMOTIVE SYNTHETIC LUBRICANTS, 2010 – 2018 (MILLION TONS) (USD MILLION)
FIG. 14 GLOBAL DEMAND FOR CONSUMER AUTOMOTIVE SYNTHETIC LUBRICANTS, 2010 – 2018 (MILLION TONS) (USD MILLION)
FIG. 15 GLOBAL INDUSTRIAL SYNTHETIC LUBRICANTS VOLUME SHARE, BY PRODUCT TYPE, 2011 – 2018 (MILLION TONS)
FIG. 16 GLOBAL DEMAND FOR PROCESS OILS, 2010 – 2018 (MILLION TONS) (USD MILLION)
FIG. 17 GLOBAL DEMAND FOR GENERAL INDUSTRIAL OILS, 2010 – 2018 (MILLION TONS) (USD MILLION)
FIG. 18 GLOBAL DEMAND FOR METAL WORKING FLUIDS, 2010 – 2018 (MILLION TONS) (USD MILLION)
FIG. 19 GLOBAL DEMAND FOR INDUSTRIAL ENGINE OILS, 2010 – 2018 (MILLION TONS) (USD MILLION)
FIG. 20 GLOBAL DEMAND FOR OTHER INDUSTRIAL SYNTHETIC LUBRICANTS, 2010 – 2018 (MILLION TONS) (USD MILLION)
FIG. 21 GLOBAL COMMERCIAL AUTOMOTIVE SYNTHETIC LUBRICANTS VOLUME SHARE, BY PRODUCT TYPE, 2011 – 2018 (MILLION TONS)
FIG. 22 GLOBAL DEMAND FOR HEAVY-DUTY ENGINE OILS, 2010 – 2018 (MILLION TONS) (USD MILLION)
FIG. 23 GLOBAL DEMAND FOR HYDRAULIC AND TRANSMISSION FLUIDS, 2010 – 2018 (MILLION TONS) (USD MILLION)
FIG. 24 GLOBAL DEMAND FOR GEAR OILS, 2010 – 2018 (MILLION TONS) (USD MILLION)
FIG. 25 GLOBAL DEMAND FOR GREASE, 2010 – 2018 (MILLION TONS) (USD MILLION)
FIG. 26 GLOBAL CONSUMER AUTOMOTIVE SYNTHETIC LUBRICANTS VOLUME SHARE, BY PRODUCT TYPE, 2011 – 2018 (MILLION TONS)
FIG. 27 GLOBAL DEMAND FOR PASSENGER VEHICLE ENGINE AND MOTOR OILS, 2010 – 2018 (MILLION TONS) (USD MILLION)
FIG. 28 GLOBAL DEMAND FOR AUTOMATIC TRANSMISSION FLUIDS, 2010 – 2018 (MILLION TONS) (USD MILLION)
FIG. 29 GLOBAL DEMAND FOR GEAR OIL, 2010 – 2018 (MILLION TONS) (USD MILLION)
FIG. 30 GLOBAL DEMAND FOR GREASE, 2010 – 2018 (MILLION TONS) (USD MILLION)
FIG. 31 GLOBAL BIO-BASED LUBRICANTS MARKET VOLUME SHARE BY TYPE, 2011 – 2018
FIG. 32 GLOBAL VEGETABLE OIL LUBRICANT MARKET VOLUME, 2010 – 2018  (KILO TONS)
FIG. 33 GLOBAL ANIMAL OIL LUBRICANT MARKET VOLUME, 2010 – 2018 (KILO TONS)
FIG. 34 GLOBAL BIO-BASED LUBRICANTS MARKET VOLUME SHARE BY APPLICATION, 2011 – 2018, (KILO TONS)
FIG. 35 GLOBAL BIO-BASED LUBRICANT DEMAND FOR AUTOMOTIVE OIL, 2010 – 2018 (KILO TONS) (USD MILLION)
FIG. 36 GLOBAL BIO-BASED LUBRICANT DEMAND FOR HYDRAULIC OIL, 2010 – 2018 (KILO TONS) (USD MILLION)
FIG. 37 GLOBAL BIO-BASED LUBRICANT DEMAND FOR PROCESS OIL, 2010 – 2018 (KILO TONS) (USD MILLION)
FIG. 38 GLOBAL BIO-BASED LUBRICANT DEMAND FOR DEMOLDING OIL, 2010 – 2018 (KILO TONS) (USD MILLION)
FIG. 39 GLOBAL BIO-BASED LUBRICANT DEMAND FOR LUBRICATING GREASES, 2010 – 2018 (KILO TONS) (USD MILLION)
FIG. 40 GLOBAL BIO-BASED LUBRICANT DEMAND FOR CHAINSAW OIL, 2010 – 2018 (KILO TONS) (USD MILLION)
FIG. 41 GLOBAL BIO-BASED LUBRICANT DEMAND FOR COMPRESSOR OIL, 2010 – 2018 (KILO TONS) (USD MILLION)
FIG. 42 GLOBAL BIO-BASED LUBRICANT DEMAND FOR TURBINE OIL, 2010 – 2018 (KILO TONS) (USD MILLION)
FIG. 43 GLOBAL BIO-BASED LUBRICANT DEMAND FOR GEAR OILS, 2010 – 2018 (KILO TONS) (USD MILLION)
FIG. 44 GLOBAL BIO-BASED LUBRICANT DEMAND FOR METAL WORKING OIL, 2010 – 2018 (KILO TONS) (USD MILLION)
FIG. 45 GLOBAL BIO-BASED LUBRICANTS MARKET VOLUME SHARE BY END USER, 2011 - 2018
FIG. 46 GLOBAL INDUSTRIAL BIO-BASED LUBRICANT MARKET VOLUMES, 2010 – 2018 (KILO TONS)
FIG. 47 GLOBAL COMMERCIAL TRANSPORTATION BIO-BASED LUBRICANT MARKET VOLUMES, 2010 – 2018 (KILO TONS)
FIG. 48 GLOBAL CONSUMER AUTOMOTIVE BIO-BASED LUBRICANT MARKET VOLUMES, 2010 – 2018 (KILO TONS)
FIG. 49 GLOBAL SYNTHETIC LUBRICANTS VOLUME SHARE, BY GEOGRAPHY, 2011- 2018 (MILLION TONS)
FIG. 50 GLOBAL BIO-BASED LUBRICANTS MARKET VOLUME SHARE BY GEOGRAPHY, 2011 - 2018
FIG. 51 ASIA PACIFIC BIO-BASED LUBRICANTS MARKET VOLUMES AND REVENUES, 2010 - 2018 (KILO TONS) (USD MILLION)
FIG. 52 NORTH AMERICA BIO-BASED LUBRICANTS MARKET VOLUMES AND REVENUES, 2010 – 2018 (KILO TONS) (USD MILLION)
FIG. 53 EUROPE BIO-BASED LUBRICANTS MARKET VOLUMES AND REVENUES, 2010 - 2018 (KILO TONS) (USD MILLION)
FIG. 54 ROW BIO-BASED LUBRICANTS MARKET VOLUMES AND REVENUES, 2010 - 2018 (KILO TONS) (USD MILLION)

LIST OF TABLES

TABLE 1 GLOBAL SYNTHETIC AND BIO-BASED MARKET SNAPSHOT
TABLE 2 DRIVERS OF GLOBAL SYNTHETIC AND BIO-BASED LUBRICANTS MARKET: IMPACT ANALYSIS
TABLE 3 RESTRAINTS FOR GLOBAL SYNTHETIC AND BIO-BASED LUBRICANTS MARKET: IMPACT ANALYSIS
TABLE 4 SYNTHETIC AND BIO-BASED OIL – PROPERTIES
TABLE 5 CRUDE OIL PRICE TREND, 2010 - 2018 (USD/BBL)
TABLE 6 PALM OIL PRICE TREND, 2010 - 2018 (USD/TON)
TABLE 7 CASTOR OIL PRICE TREND, 2010 - 2018 (USD/TON)
TABLE 8 SUNFLOWER OIL PRICE TREND, 2010 - 2018 (USD/TON)
TABLE 9 ASIA PACIFIC SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2010 – 2012 (MILLION TONS)
TABLE 10 ASIA PACIFIC SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2013 – 2018 (MILLION TONS)
TABLE 11 ASIA PACIFIC SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2010 – 2012 (USD MILLION)
TABLE 12 ASIA PACIFIC SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2013 – 2018 (USD MILLION)
TABLE 13 ASIA PACIFIC INDUSTRIAL SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2010 – 2012 (MILLION TONS)
TABLE 14 ASIA PACIFIC INDUSTRIAL SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2013 – 2018 (MILLION TONS)
TABLE 15 ASIA PACIFIC INDUSTRIAL SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPES, 2009 – 2012 (USD MILLION)
TABLE 16 ASIA PACIFIC INDUSTRIAL SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2013 – 2018 (USD MILLION)
TABLE 17 ASIA PACIFIC COMMERCIAL AUTOMOTIVE SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2010 – 2012 (MILLION TONS)
TABLE 18 ASIA PACIFIC COMMERCIAL AUTOMOTIVE SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2013 – 2018 (MILLION TONS)
TABLE 19 ASIA PACIFIC COMMERCIAL AUTOMOTIVE SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2009 – 2012 (USD MILLION)
TABLE 20 ASIA PACIFIC COMMERCIAL AUTOMOTIVE SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2013 – 2018 (USD MILLION)
TABLE 21 ASIA PACIFIC CONSUMER AUTOMOTIVE SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2010 – 2012 (MILLION TONS)
TABLE 22 ASIA PACIFIC CONSUMER AUTOMOTIVE SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2013 – 2018 (MILLION TONS)
TABLE 23 ASIA PACIFIC CONSUMER AUTOMOTIVE SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2010 – 2012 (USD MILLION)
TABLE 24 ASIA PACIFIC CONSUMER AUTOMOTIVE SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2013 – 2018 (USD MILLION)
TABLE 25 NORTH AMERICA SYNTHETIC LUBRICANTS MARKET VOLUMES, BY PRODUCT TYPE, 2010-2012 (MILLION TONS)
TABLE 26 NORTH AMERICA SYNTHETIC LUBRICANTS MARKET VOLUMES, BY PRODUCT TYPE, 2013-2018 (MILLION TONS)
TABLE 27 NORTH AMERICA SYNTHETIC LUBRICANTS MARKET REVENUES, BY PRODUCT TYPE, 2010 – 2012 (USD MILLION)
TABLE 28 NORTH AMERICA SYNTHETIC LUBRICANTS MARKET REVENUES, BY PRODUCT TYPE, 2013-2018 (USD MILLION)
TABLE 29 NORTH AMERICA INDUSTRIAL SYNTHETIC LUBRICANTS MARKET VOLUME, BY PRODUCT TYPE, 2010 - 2012 (MILLION TONS)
TABLE 30 NORTH AMERICA INDUSTRIAL SYNTHETIC LUBRICANTS MARKET VOLUME, BY PRODUCT TYPE, 2013 - 2018 (MILLION TONS)
TABLE 31 NORTH AMERICA INDUSTRIAL SYNTHETIC LUBRICANTS MARKET REVENUES, BY PRODUCT TYPE, 2010 - 2012 (USD MILLION)
TABLE 32 NORTH AMERICA INDUSTRIAL SYNTHETIC LUBRICANTS MARKET REVENUE, BY PRODUCT TYPE, 2013 - 2018 (USD MILLION)
TABLE 33 NORTH AMERICA COMMERCIAL AUTOMOTIVE SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2010 – 2012 (MILLION TONS)
TABLE 34 NORTH AMERICA COMMERCIAL AUTOMOTIVE SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2013 – 2018 (MILLION TONS)
TABLE 35 NORTH AMERICA COMMERCIAL AUTOMOTIVE SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2010 – 2012 (USD MILLION)
TABLE 36 NORTH AMERICA COMMERCIAL AUTOMOTIVE SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2013 – 2018 (USD MILLION)
TABLE 37 NORTH AMERICA CONSUMER AUTOMOTIVE SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2010 – 2012 (MILLION TONS)
TABLE 38 NORTH AMERICA CONSUMER AUTOMOTIVE SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2013 – 2018 (MILLION TONS)
TABLE 39 NORTH AMERICA CONSUMER AUTOMOTIVE SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2010 – 2012 (USD MILLION)
TABLE 40 NORTH AMERICA CONSUMER AUTOMOTIVE SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2013 – 2018 (USD MILLION)
TABLE 41 EUROPEAN SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2010 – 2012 (MILLION TONS)
TABLE 42 EUROPEAN SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2013 – 2018 (MILLION TONS)
TABLE 43 EUROPEAN SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2010 – 2012 (USD MILLION)
TABLE 44 EUROPEAN SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2013 – 2018 (USD MILLION)
TABLE 45 EUROPEAN INDUSTRIAL SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2010 – 2012 (MILLION TONS)
TABLE 46 EUROPEAN INDUSTRIAL SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2013 – 2018 (MILLION TONS)
TABLE 47 EUROPEAN INDUSTRIAL SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2010 – 2012 (USD MILLION)
TABLE 48 EUROPEAN INDUSTRIAL SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2013 – 2018 (USD MILLION)
TABLE 49 EUROPEAN COMMERCIAL AUTOMOTIVE SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2010 – 2012 (MILLION TONS)
TABLE 50 EUROPEAN COMMERCIAL AUTOMOTIVE SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2013 – 2018 (MILLION TONS)
TABLE 51 EUROPEAN COMMERCIAL AUTOMOTIVE SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2010 – 2012 (USD MILLION)
TABLE 52 EUROPEAN COMMERCIAL AUTOMOTIVE SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2013 – 2018 (USD MILLION)
TABLE 53 EUROPEAN CONSUMER AUTOMOTIVE SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2010 – 2012 (MILLION TONS)
TABLE 54 EUROPEAN CONSUMER AUTOMOTIVE SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2013 – 2018 (MILLION TONS)
TABLE 55 EUROPEAN CONSUMER AUTOMOTIVE SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2010 – 2012 (USD MILLION)
TABLE 56 EUROPEAN CONSUMER AUTOMOTIVE SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2013 – 2018 (USD MILLION)
TABLE 57 ROW SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2010 – 2012 (MILLION TONS)
TABLE 58 ROW SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2013 – 2018 (MILLION TONS)
TABLE 59 ROW SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2010 – 2012 (USD MILLION)
TABLE 60 ROW SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2013 – 2018 (USD MILLION)
TABLE 61 ROW INDUSTRIAL SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2010 – 2012 (MILLION TONS)
TABLE 62 ROW INDUSTRIAL SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2013 – 2018 (MILLION TONS)
TABLE 63 ROW INDUSTRIAL SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPES, 2010 – 2012 (USD MILLION)
TABLE 64 ROW INDUSTRIAL SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2013 – 2018 (USD MILLION)
TABLE 65 ROW COMMERCIAL AUTOMOTIVE SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2010 – 2012 (MILLION TONS)
TABLE 66 ROW COMMERCIAL AUTOMOTIVE SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2013 – 2018 (MILLION TONS)
TABLE 67 ROW COMMERCIAL AUTOMOTIVE SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2009 – 2012 (USD MILLION)
TABLE 68 ROW COMMERCIAL AUTOMOTIVE SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2013 – 2018 (USD MILLION)
TABLE 69 ROW CONSUMER AUTOMOTIVE SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2010 – 2012 (MILLION TONS)
TABLE 70 ROW CONSUMER AUTOMOTIVE SYNTHETIC LUBRICANT MARKET VOLUMES, BY PRODUCT TYPE, 2013 – 2018 (MILLION TONS)
TABLE 71 ROW CONSUMER AUTOMOTIVE SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2010 – 2012 (USD MILLION)
TABLE 72 ROW CONSUMER AUTOMOTIVE SYNTHETIC LUBRICANT MARKET REVENUES, BY PRODUCT TYPE, 2013 – 2018 (USD MILLION)

Market Overview



Simply defined, a lubricant is a substance which reduced friction between two moving surfaces. This property is defined as lubricity. Critical properties that every lubricant must possess include high boiling point, low freezing point, high viscosity index, thermal stability, corrosion prevention, and high resistance to oxidation.

The global market for lubricants was estimated at over 45 million tons in 2010, generating revenues of over USD 45 million. The total lubricant market volumes are expected to grow at a CAGR of 2.2% to 2.5% for the next 10 years. 

In terms of consumption as well as production, Asia pacific has emerged as a clear leader in the market, accounting for 37% of the global consumption in 2010 and is expected to grow at a CAGR of over 3.5% in the next decade. North America is the second-largest market for lubricants, accounting for over 28% of total consumption; however, this market is stagnant and is expected to grow at a meager CAGR of 1.3% in the next five years.
Increasing environmental concerns and rising consumer awareness, especially in the Western European markets has been the primary driving force behind the demand for bio-based lubricants. These products are mainly derived from vegetable oils. In addition, regulatory agencies such as USDA have been promoting these products with tax benefits and preferred purchasing. Under the BioPreferred program, USDA has registered over 200 lubricant and fluid related products. Cost and quality are key issues for bio-based lubricants as these products cost around 30% to 35% more than their mineral-oil counterparts. 

Western Europe is the largest consumer of bio-based lubricants with an annual consumption of over 130,000 tons in 2010. Bio-based lubricants accounted for 3% to 4% of the total European lubricant demand while the same figure for the global scenario is close to 1.5% 

In terms of competition, the global market is moderately concentrated. Leading market participants include Exxon Mobil, Shell, British Petroleum, Chevron and Total. Together, these companies accounted for over 40% of the overall lubricant market. Almost all these companies have also been taking giant strides in the development and commercialization of lubricants derived from vegetable oils. 



Source: United Soybean Board, University of Northern Iowa, MTN Consultants, Primary Interviews



Source: United Soybean Board, University of Northern Iowa, MTN Consultants, Primary 
Interviews

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Free Market Analysis


Lubricants can be mainly divided into two types - synthetic and bio-based lubricants. Synthetic lubricants primarily include chemical-based and mineral-based lubes. Chemical-based lubes are commonly processed from polyolefin, polyesters, polyglycols, non-PAO synthetics, esters, alkylated naphthalene and alkylated benzene. Mineral oils are basically by-products or variants of downstream petroleum processing. Mineral oil contains uneven and less uniform molecules and particulates, as compared to synthetic oil. 

Bio-based lubricants are primarily triglyceride esters which are derived from animal and plant oils and are formulated using renewable and biodegradable base stocks. They can be formulated using a range of natural sources such as low grade and solid fats or waste materials, but are generally based on vegetable oils (palm oil, castor oil, sunflower oil, and castor oil). A typical bio-based lubricant is readily biodegradable (decomposed within one year; through natural biological processes in water, carbon dioxide and carbonaceous land or under standard industrial composting environment) and is non toxic when disposed in the environment. 

Synthetic lubricant products analyzed in this study include industrial (process oils, general industrial oils, metal working fluids, industrial engine oils), commercial automotive (heavy-duty engine oil, hydraulic and transmission fluid, gear oil, grease) and consumer automotive (passenger vehicle engine & motor oil, automatic transmission fluid, gear oil, grease). The bio-based lubricant market has been segmented on the basis of applications including automotive, hydraulic, process, demolding, chainsaw, compressor, turbine, and industrial gear, metal working oils and lubricating greases. Regional market data and forecast have been provided for North America, Europe, Asia-Pacific, and Rest of the World (ROW). 

Asia-Pacific is the largest and fastest-growing market for synthetic lubricants owing to increasing domestic consumption from the industrial as well as the automotive sector. Synthetic lubricants are widely used in automotive industry for their benefits, ease of procurement and relative lower cost as compared to bio based lubricants. Bio-based lubricants provide a safer and cleaner environment with respect to resource renewability, biodegradability, and offer satisfactory performance in a wide range of applications. Owing to the benefits associated with bio-based lubricants, they are increasingly being preferred over synthetic lubricants. Pricing is the major challenge when it comes to synthetic and bio-based lubricants. Prices of synthetic and bio-based oils are volatile in nature and keep fluctuating in-line with the raw materials. Shipping disputes and supply uncertainties contribute significantly to these price fluctuations. In recent years, owing to growing demand from alternative applications such as bio fuels, renewable chemicals, animal feed and human consumption, vegetable oils have experienced volatility in prices. 

Some of the major players that deal in synthetic and bio-based lubricants include Royal Dutch Shell, Exxon Mobil, British Petroleum, Chevron, Castrol, Fuchs and Total and so on.

north-america-synthetic-lubricants-market-volumes-and-revenues-2010-2018

europe-bio-based-lubricants-market-volumes-and-revenues-2010-2018
 

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