Market Research Reports

Group IV & V Lubricants (PAO, PAG AND ESTERS) Market - Global Industry Analysis, Size, Share, Trends And Forecast 2012 - 2018

81pages
Published Date: 2013-02-11
 

Description



This market research study analyzes the global market for Group IV & V lubricants, which are also referred to as “synthetic lubricants.” The market for these lubricants has been estimated from the demand point of view, while segmentation has been carried out on various levels including products (PAO, PAG, and esters), applications, as well as on geographical basis to provide a holistic picture of the market.

Various Group IV & V lubricant products analyzed in this study include polyalphaolefins (PAO), polyalkylene glycol (PAG) and esters. Applications estimated and forecasted in this study include engine oils, heat transfer fluids (HTF), transmission fluids and metalworking fluids. Regional data has been provided for key regions of North America, Europe, Asia-Pacific, and Rest of the World (ROW).

This report also includes Porters five forces model and value chain analysis of the market. Some of the key players that deal in Group IV & V lubricants include British Petroleum, Royal Dutch Shell, Exxon Mobil, Chevron, ConocoPhillips, Fuchs and Total. The report provides an overview of the above mentioned companies followed by their financial revenue, business strategies and recent developments.

The research provides detailed analysis of companies that are dealing in Group IV & V based lubricants, trend analysis and demand forecast by geography. Various levels of market segmentation, for which estimate and forecast has been provided are as follows:


Global Group IV & V lubricants market, by product type
  • Polyalphaolefins (PAO)
  • Polyalkylene glycol (PAG)
  • Esters

Global Group IV & V lubricants market, by application
  • Engine Oils
  • Heat Transfer Fluids (HTF)
  • Transmission Fluids
  • Metalworking Fluids
Global Group IV & V lubricants market, by geography
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World (RoW)

Table of Contents



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 SYNTHETIC VS. MINERAL OILS
      3.2.1 ADVANTAGES AND DISADVANTAGES OF SYNTHETIC (GROUP IV & V) LUBRICANTS
3.3 VALUE CHAIN ANALYSIS
3.4 MARKET DRIVERS
      3.4.1 IMPACT ANALYSIS OF DRIVERS
      3.4.2 INCREASING DEMAND FOR GROUP IV & V LUBRICANTS IN AUTOMOBILES
      3.4.3 INCREASING DEMAND FOR GROUP IV & V LUBRICANTS AS REFRIGERATOR OILS
3.5 MARKET RESTRAINTS
      3.5.1 IMPACT ANALYSIS OF RESTRAINTS
      3.5.2 SYNTHETIC (GROUP IV & V) LUBRICANTS COST HIGHER THAN CONVENTIONAL OILS
               3.5.2.1 Synthetic v/s bio-lubricants: Raw material price trends, 2010 - 2018
3.6 MARKET OPPORTUNITIES
      3.6.1 IMPACT ANALYSIS OF OPPORTUNITIES
      3.6.2 INCREASING APPLICATION SCOPE FOR GROUP IV & V LUBRICANTS
3.7 PRICING TRENDS
3.8 PORTER’S FIVE FORCES ANALYSIS
      3.8.1 BARGAINING POWER OF SUPPLIERS
      3.8.2 BARGAINING POWER OF BUYERS
      3.8.3 THREAT FROM NEW ENTRANTS
      3.8.4 THREAT FROM SUBSTITUTES
      3.8.5 DEGREE OF COMPETITION
3.9 MARKET ATTRACTIVENESS ANALYSIS
      3.9.1 MARKET ATTRACTIVENESS ANALYSIS OF GROUP IV & V LUBRICANTS BY APPLICATION
3.10 COMPETITIVE LANDSCAPE

CHAPTER 4 GLOBAL GROUP IV & V LUBRICANTS MARKET, BY PRODUCT TYPE
      4.1.1 GLOBAL GROUP IV & V LUBRICANTS VOLUME SHARE, BY PRODUCT TYPE, 2011-2018
      4.1.2 GROUP IV (PAO) LUBRICANTS
               4.1.2.1 Global demand for Group IV (PAO) Lubricants, volume and revenue, 2010 – 2018 (Kilo Tons) (USD Million)
      4.1.3 GROUP V (ESTERS) LUBRICANTS
              4.1.3.1 Global demand for Group V (Esters) Lubricants, volume and revenue, 2010 – 2018 (Kilo Tons) (USD Million)
      4.1.4 GROUP V (PAG) LUBRICANTS
               4.1.4.1 Global demand for Group V (PAG) Lubricants, volume and revenue, 2010 – 2018 (Kilo Tons) (USD Million)

CHAPTER 5 GLOBAL GROUP IV & V LUBRICANTS MARKET, BY APPLICATION
5.1 GLOBAL GROUP IV & V LUBRICANTS MARKET : APPLICATION OVERVIEW
      5.1.1 GLOBAL GROUP IV & V LUBRICANTS VOLUME SHARE, BY APPLICATION, 2011-2018
5.2 GLOBAL GROUP IV & V LUBRICANTS DEMAND, BY PRODUCT TYPE, 2010 – 2018 (KILO TONS) (USD MILLION)
      5.2.1 ENGINE OILS
               5.2.1.1 Global demand for engine oils, volume and revenue, 2010 – 2018 (Kilo Tons) (USD Million)
      5.2.2 HEAT TRANSFER FLUIDS (HTF)
              5.2.2.1 Global demand for heat transfer fluids (HTF), volume and revenue, 2010 – 2018 (Kilo Tons) (USD Million)
      5.2.3 TRANSMISSION FLUIDS
               5.2.3.1 Global demand for transmission fluids, volume and revenue, 2010 – 2018 (Kilo Tons) (USD Million)
      5.2.4 METAL WORKING FLUIDS
               5.2.4.1 Global demand for metal working fluids, volume and revenue, 2010 – 2018 (Kilo Tons) (USD Million)
      5.2.5 OTHERS
               5.2.5.1 Global demand for others, volume and revenue, 2010 – 2018 (Kilo Tons) (USD Million)

CHAPTER 6 GLOBAL GROUP IV & V LUBRICANTS MARKET, BY GEOGRAPHY
6.1 GLOBAL GROUP IV & V (SYNTHETIC) LUBRICANTS MARKET: GEOGRAPHICAL OVERVIEW
      6.1.1 GLOBAL GROUP IV & V LUBRICANTS VOLUME SHARE, BY GEOGRAPHY, 2011- 2018
      6.1.2 GLOBAL GROUP IV (PAO) LUBRICANTS CAPACITY, BY GEOGRAPHY, 2011
6.2 EUROPE
      6.2.1 EUROPE GROUP IV & V LUBRICANTS MARKET VOLUME AND REVENUE, 2010-2018 (KILO TONS) (USD MILLION)
6.3 NORTH AMERICA
      6.3.1 NORTH AMERICA GROUP IV & V LUBRICANTS MARKET VOLUME AND REVENUE, 2010-2018 (KILO TONS) (USD MILLION)
6.4 ASIA-PACIFIC
      6.4.1 ASIA PACIFIC GROUP IV & V LUBRICANTS MARKET VOLUME AND REVENUE, 2010-2018 (KILO TONS) (USD MILLION)
6.5 ROW
      6.5.1 ROW GROUP IV & V LUBRICANTS MARKET VOLUME AND REVENUE, 2010-2018 (KILO TONS) (USD MILLION)

CHAPTER 7 COMPANY PROFILES
7.1 BRITISH PETROLEUM PLC
      7.1.1 COMPANY OVERVIEW
      7.1.2 FINANCIAL OVERVIEW
      7.1.3 SWOT ANALYSIS
      7.1.4 BUSINESS STRATEGY
      7.1.5 RECENT DEVELOPMENTS
7.2 CHEVRON
      7.2.1 COMPANY OVERVIEW
      7.2.2 FINANCIAL OVERVIEW
      7.2.3 SWOT ANALYSIS
      7.2.4 BUSINESS STRATEGY
      7.2.5 RECENT DEVELOPMENTS
7.3 CONOCOPHILLIPS COMPANY
      7.3.1 COMPANY OVERVIEW
      7.3.2 FINANCIAL OVERVIEW
      7.3.3 SWOT ANALYSIS
      7.3.4 BUSINESS STRATEGY
      7.3.5 RECENT DEVELOPMENTS
7.4 EXXON MOBIL CORPORATION (XOM)
      7.4.1 COMPANY OVERVIEW
      7.4.2 FINANCIAL OVERVIEW
      7.4.3 SWOT ANALYSIS
      7.4.4 BUSINESS STRATEGY
      7.4.5 RECENT DEVELOPMENTS
7.6 FUCHS LUBRICANTS CO
      7.6.1 COMPANY OVERVIEW
      7.6.2 FINANCIAL OVERVIEW
      7.6.3 SWOT ANALYSIS
      7.6.4 BUSINESS STRATEGY
      7.6.5 RECENT DEVELOPMENTS
7.7 INDIAN OIL CORPORATION LTD.
      7.7.1 COMPANY OVERVIEW
      7.7.2 FINANCIAL OVERVIEW
      7.7.3 SWOT ANALYSIS
      7.7.4 BUSINESS STRATEGIES
      7.7.5 RECENT DEVELOPMENTS
7.8 MILLER OILS LTD
      7.8.1 COMPANY OVERVIEW
      7.8.2 SWOT ANALYSIS
      7.8.3 BUSINESS STRATEGIES
      7.8.4 RECENT DEVELOPMENTS
7.9 PANOLIN INTERNATIONAL INC.
      7.9.1 COMPANY OVERVIEW
      7.9.2 SWOT ANALYSIS
      7.9.3 BUSINESS STRATEGIES
      7.9.4 RECENT DEVELOPMENTS
7.10 PETROBRAS
      7.10.1 COMPANY OVERVIEW
      7.10.2 FINANCIAL OVERVIEW
      7.10.3 SWOT ANALYSIS
      7.10.4 BUSINESS STRATEGY
      7.10.5 RECENT DEVELOPMENTS
7.11 PETRONAS LUBRICANTS INTERNATIONAL
      7.11.1 COMPANY OVERVIEW
      7.11.2 FINANCIAL OVERVIEW
      7.11.3 SWOT ANALYSIS
      7.11.4 BUSINESS STRATEGY
      7.11.5 RECENT DEVELOPMENTS
7.12 ROYAL DUTCH SHELL PLC
      7.12.1 COMPANY OVERVIEW
      7.12.2 FINANCIAL OVERVIEW
      7.12.3 SWOT ANALYSIS
      7.12.4 BUSINESS STRATEGY
      7.12.5 RECENT DEVELOPMENTS
7.13 SINOPEC CORPORATION
      7.13.1 COMPANY OVERVIEW
      7.13.2 FINANCIAL OVERVIEW
      7.13.3 SWOT ANALYSIS
      7.13.4 BUSINESS STRATEGY
      7.13.5 RECENT DEVELOPMENTS
7.14 STATOIL LUBRICANTS
      7.14.1 COMPANY OVERVIEW
      7.14.2 SWOT ANALYSIS
      7.14.3 BUSINESS STRATEGY
7.15 TOTAL S.A.
      7.15.1 COMPANY OVERVIEW
      7.15.2 FINANCIAL OVERVIEW
      7.15.3 SWOT ANALYSIS
      7.15.4 BUSINESS STRATEGY
      7.15.5 RECENT DEVELOPMENTS
7.16 VALVOLINE INTERNATIONAL INC.
      7.16.1 COMPANY OVERVIEW
      7.16.2 FINANCIAL OVERVIEW
      7.16.3 SWOT ANALYSIS
      7.16.4 BUSINESS STRATEGIES
      7.16.5 RECENT DEVELOPMENTS

LIST OF FIGURES 

FIG. 1 GLOBAL GROUP IV & V LUBRICANTS MARKET VOLUME AND REVENUE, 2010 – 2018 (KILO TONS) (USD MILLION)
FIG. 2 VALUE CHAIN ANALYSIS OF GROUP IV & V LUBRICANTS
FIG. 3 SYNTHETIC V/S BIO-LUBRICANTS: RAW MATERIAL PRICE TRENDS, 2010 - 2018
FIG. 4 PRICING TREND OF GROUP IV & V LUBRICANTS, 2010 – 2018 (USD/KILO)
FIG. 5 PORTER’S FIVE FORCES ANALYSIS
FIG. 6 MARKET ATTRACTIVENESS ANALYSIS OF GROUP IV & V LUBRICANTS BY APPLICATION
FIG. 7 GLOBAL GROUP IV & V LUBRICANTS VOLUME SHARE, BY PRODUCT TYPE, 2011 – 2018
FIG. 8 GLOBAL GROUP IV (PAO) LUBRICANTS MARKET VOLUME AND REVENUE, 2010 – 2018 (KILO TONS) (USD MILLION)
FIG. 9 GLOBAL GROUP V (ESTERS) LUBRICANTS MARKET VOLUME AND REVENUE, 2010 – 2018 (KILO TONS) (USD MILLION)
FIG. 10 GLOBAL GROUP V (PAG) LUBRICANTS MARKET VOLUME AND REVENUE, 2010 – 2018 (KILO TONS) (USD MILLION)
FIG. 11 GLOBAL GROUP IV & V LUBRICANTS VOLUME SHARE, BY APPLICATION, 2011-2018
FIG. 12 GLOBAL DEMAND FOR ENGINE OILS, 2010 – 2018 (KILO TONS) (USD MILLION)
FIG. 13 GLOBAL DEMAND FOR HEAT TRANSFER FLUIDS (HTF), 2010 – 2018 (KILO TONS) (USD MILLION)
FIG. 14 GLOBAL DEMAND FOR TRANSMISSION FLUIDS, 2010 – 2018 (KILO TONS) (USD MILLION)
FIG. 15 GLOBAL DEMAND FOR METAL WORKING FLUIDS, 2010 – 2018 (KILO TONS) (USD MILLION)
FIG. 16 GLOBAL DEMAND FOR OTHERS, 2010 – 2018 (KILO TONS) (USD MILLION)
FIG. 17 GLOBAL GROUP IV & V LUBRICANTS VOLUME SHARE, BY GEOGRAPHY, 2011- 2018
FIG. 18 GLOBAL GROUP IV (PAO) LUBRICANTS CAPACITY, BY GEOGRAPHY 2011
FIG. 19 EUROPE GROUP IV & V LUBRICANTS MARKET VOLUME AND REVENUE, 2010-2018 (KILO TONS) (USD MILLION)
FIG. 20 NORTH AMERICA GROUP IV & V LUBRICANTS MARKET VOLUME AND REVENUE , 2010- 2018 (KILO TONS) (USD MILLION)
FIG. 21 ASIA PACIFIC GROUP IV & V LUBRICANTS MARKET VOLUME AND REVENUE , 2010-2018 (KILO TONS) (USD MILLION)
FIG. 22 ROW GROUP IV & V LUBRICANTS MARKET VOLUME AND REVENUE , 2010- 2018 (KILO TONS) (USD MILLION)

LIST OF TABLES

TABLE 1 GLOBAL GROUP IV & V LUBRICANTS MARKET SNAPSHOT
TABLE 2 DRIVERS OF GLOBAL SYNTHETIC (GROUP IV & V) LUBRICANTS MARKET: IMPACT ANALYSIS
TABLE 3 SYNTHETIC-BASED OIL PROPERTIES
TABLE 4 RESTRAINTS OF GLOBAL SYNTHETIC (GROUP IV & V) LUBRICANTS MARKET: IMPACT ANALYSIS
TABLE 5 OPPORTUNITIES OF GLOBAL SYNTHETIC (GROUP IV & V) LUBRICANTS MARKET: IMPACT ANALYSIS
TABLE 6 GLOBAL GROUP IV & V LUBRICANTS MARKET: PRODUCT OVERVIEW

Enquiry Before Buying


Free Market Analysis


Synthetic lubricants generally include Group IV (Polyalphaolefin – PAO) and Group V (PAG and esters) base oils. As per the API (American Petroleum Institute), Group V base oils include non- PAO synthetic bases, PAG and esters such as diesters, polyol esters, alkylated benzenes, and phosphate esters. Group IV & V lubricant formulated products with additives basically have physical and chemical properties that are generally superior to those of conventional mineral oil–based lubricants. As a result, Group IV & V lubricants are preferred in applications with high performance requirements. 

In Europe, only Groups IV and V are classified as synthetics, whereas in North America, Groups III, IV and V are described as synthetic lubricants. Several petrochemical companies have developed processes involving catalytic conversion of crude oil base stock under high pressure and temperature in the presence of hydrogen to form very high-quality mineral lubricants. These oils, which are known as Group III base oils, are so highly refined that their properties almost match that of the Group IV synthetics. Owing to this, these Group III base oils are sometimes counted under the category of synthetic lubricants in North America. 

Group IV & V lubricant products analyzed in this study include polyalphaolefins (PAO), polyalkylene glycol (PAG) and esters. The Group IV & V lubricant market by application can be mainly divided into engine oils, heat transfer fluids (HTF), transmission fluids and metalworking fluids. The economies covered in this report are North America, Europe, Asia-Pacific, and Rest of the World (ROW). 

Europe is the largest market for Group IV & V lubricants owing to regulatory support and increasing demand for high-end applications. Asia Pacific is expected to be the fastest growing market for Group IV & V lubricants due to increasing domestic consumption from the industrial as well as the automotive sector. Developed regions such as North America and Europe are the major markets for Group IV & V lubricants owing to a favorable regulatory scenario and higher consumer awareness. A major driving force for the strong growth of Group IV & V lubricants in the automotive sector have been the promotional campaigns of lubricant manufacturers for their synthetic automotive crankcase and gear oils and the new requirements of automobile manufacturers, especially in Western Europe. The ongoing demand for higher fuel economy also drives the demand for high-quality motor and gear oils. Another important development was the growing use of Group IV & V lubricants as refrigerator oils to provide compatibility with the new refrigerants that have replaced chlorofluorocarbons (CFCs) and hydro chlorofluorocarbons (HCFCs). The higher price of Group IV & V lubricants is the major challenge for the further growth of the market. Group IV & V 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 plastic, pharmaceuticals, electrical insulation, surfactants, pesticides and detergents, raw materials for synthetic lubricants have experienced volatility in prices. 

Kay market participants profiled in this study include Royal Dutch Shell, British Petroleum, Chevron, ConocoPhillips, Exxon Mobil, Fuchs, Indian Oil Corporation and Total.

asia-pacific-group-iv-&-v-lubricants-market-volume-and-revenue-2010-2018
 

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