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Published Date: 2015-01-21Number of Pages: 83

Lubricants Market (Product - Mineral Oil, Synthetic, and Bio-based Application - Automotive Oils, Industrial Oils, Metalworking Fluids, and Grease) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020

Global Lubricants Market: Snapshot

The global lubricants market is envisaged to be benefited by aggressive strategies adopted by leading players to expand their shares. Emerging lubricants markets that nurture a higher demand on the back of an increasing automobile count could testify the expansion of distribution networks and production capacities of top players. Since the market is projected to be dominated by a few companies, new entrants could find it challenging to set their foot in the industry. Companies such as BP P.L.C., Exxon Mobil Corporation, Chevron Corporation, Total S.A., and Royal Dutch Shell plc. could hold a key position in the market.

The global lubricants market is envisaged to secure a valuation of 44,165.11 kilo tons by volume by the end of 2020.

Despite Better Performance by Synthetic Lubricants, Mineral Oil Grabs King’s Share

The blending of base oils with additives is expected to be one of the primary techniques adopted by manufacturers to produce lubricants. Therefore, it could be possible that the base oils and additives used decide the performance of lubricants. After a probable segmentation into bio-based, synthetic, and mineral oil according to type of product, the market could be studied in depth for determining important areas of growth. As per the study of the analysts, synthetic lubricants could exhibit a higher performance in comparison with other product types such as bio-based lubricants and mineral oil. The upper hand gained by synthetic lubricants over other types could be due to the controlled synthesis of their base oils.

On the other hand, bio-based lubricants are anticipated to showcase an environment-friendly nature, owing to their bio-degradable characteristic. As a result, such types of lubricant may not become subject to environmental complaints post their disposal after use.

One of the dominant products witnessed by the world lubricants market in the latest past was mineral oil. However, the authors of the report foresee mineral oil to continue with its dominance until the end of the forecast period 2014–2020. Lower price in contrast with that of bio-based and synthetic lubricants could a strong reason for the expected higher share of mineral oil in the coming years. Nevertheless, bio-based lubricants could expand their presence in the world lubricants market as government regulations mandate their usage in specific applications.

Increasing Passenger Cars Help Developing Markets to Snatch Spotlight

Emerging economies of the world are predicted to step on the accelerator and make hefty contributions toward the growth of the international lubricants market. This could largely take place on account of swift infrastructure development and the rising count of passenger cars in these regions. Conversely, the engagement of lubricants in developing regions such as the Middle East and Asia Pacific is less compared to developed markets. Nevertheless, changing standards of emission could augur well for the growth of the developing markets for lubricants. Such standards could oblige original equipment manufacturers (OEMs) to offer improved quality of engine technology that holds compatibility with lubricants of grander quality. In this regard, the demand for synthetic lubricants is prognosticated to swell in the emerging regions all through the forecast timeframe.

On the contrary, established regions such as Europe and North America could demonstrate a sluggish growth because of the matured nature of their lubricants markets. Despite the slow growth in the international lubricants market, these regions could up the demand for products with enhanced quality due to the influential factor of fuel economy. A number of OEMs in the developed regions are prophesied to offer upgraded engine technology. This could prove advantageous for the market growth of these regions. Furthermore, stringent government regulations could encourage the adoption of best quality lubricants in the regions.

 

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 Industrialization in Asia Pacific

      3.3.2 Increasing Vehicle Count Augmenting the Market

3.4 Market Restraints

      3.4.1 Longer Engine Oil Drain Interval

      3.4.2 Advent of Hybrid-Electric Vehicles

3.5 Market Opportunities

      3.5.1 Environmental Regulations Provide Ample Opportunities to Bio-based Lubricants

3.6 Porter’s Five Forces Analysis

      3.6.1 Bargaining Power of Suppliers

      3.6.2 Bargaining Power of Buyers

      3.6.3 Threat of Substitutes

      3.6.4 Threat of New Entrants

      3.6.5 Degree of Competition

3.7 Market Attractiveness Analysis of Lubricants Market, by Product Segment (2013)

3.8 Company Market Share Analysis, 2013

      3.8.1 Global Lubricants Market, Company Market Share Analysis, 2013

 

Chapter 4 Lubricants Market – Product Segment Analysis

4.1 Lubricants Market: Product Segment Overview

      4.1.1 Global Lubricants Market Volume Share by Product, 2013 and 2020

4.2 Mineral Oil Lubricants

      4.2.1 Global Mineral Oil Lubricants Market Estimates and Forecast by Volume and Revenue, 2013–2020 (Kilo Tons)(USD Billion)

4.3 Synthetic Lubricants

      4.3.1 Global Synthetic Lubricants Market Estimates and Forecast by Volume and Revenue, 2013–2020 (Kilo Tons)(USD Billion)

4.4 Bio-based Lubricants

      4.4.1 Global Bio-based Lubricants Market Estimates and Forecast by Volume and Revenue, 2013–2020 (Kilo Tons)(USD Billion)

 

Chapter 5 Lubricants Market – Application Segment Analysis

5.1 Lubricants Market: Application Segment Overview

      5.1.1 Global Lubricants Market, Volume Share, by Application, 2013 and 2020

5.2 Automotive Oils

      5.2.1 Global Automotive Oils Market Estimates and Forecast by Volume, 2013–2020 (Kilo Tons)

5.3 Industrial Oils

      5.3.1 Global Industrial Oils Market Estimates and Forecast by Volume, 2013–2020 (Kilo Tons)

5.4 Grease

      5.4.1 Global Grease Market Estimates and Forecast by Volume, 2013–2020 (Kilo Tons)

5.5 Metalworking Fluids (MWF)

      5.5.1 Global MWF Market Estimates and Forecast by Volume, 2013–2020 (Kilo Tons)

5.6 Other Lubricants

      5.6.1 Global Other Lubricants Market Estimates and Forecast by Volume, 2013–2020 (Kilo Tons)

 

Chapter 6 Lubricants Market: Regional Analysis

6.1 Global Lubricants Market: Regional Analysis

      6.1.1 Global Lubricants Market, Volume Share, by Geography, 2013 and 2020

6.2 North America

      6.2.1 North America Lubricants Market Estimates and Forecast by Volume and Revenue, 2013–2020 (Kilo Tons)(USD Billion)

      6.2.2 North America Lubricants Market, by Product, by Volume, 2013–2020 (Kilo Tons)

      6.2.3 North America Lubricants Market, by Product, by Revenue, 2013–2020 (USD Billion)

      6.2.4 North America Lubricants Market, by Application, by Volume, 2013–2020 (Kilo Tons)

6.3 Europe

      6.3.1 Europe Lubricants Market Estimates and Forecast by Volume and Revenue, 2013–2020 (Kilo Tons)(USD Billion)

      6.3.2 Europe Lubricants Market, by Product, by Volume, 2013–2020 (Kilo Tons)

      6.3.3 Europe Lubricants Market, by Product, by Revenue, 2013–2020 (USD Billion)

      6.3.4 Europe Lubricants Market, by Application, by Volume, 2013–2020 (Kilo Tons)

6.4 Asia Pacific

      6.4.1 Asia Pacific Lubricants Market Estimates and Forecast by Volume and Revenue, 2013–2020 (Kilo Tons)(USD Billion)

      6.4.2 Asia Pacific Lubricants Market, by Product, by Volume, 2013–2020 (Kilo Tons)

      6.4.3 Asia Pacific Lubricants Market, by Product, by Revenue, 2013–2020 (USD Billion)

      6.4.4 Asia Pacific Lubricants Market, by Application, by Volume, 2013–2020 (Kilo Tons)

6.5 Middle East

      6.5.1 Middle East Lubricants Market Estimates and Forecast by Volume and Revenue, 2013 – 2020 (Kilo Tons)(USD Billion)

      6.5.2 Middle East Lubricants Market, by Product, by Volume, 2013–2020 (Kilo Tons)

      6.5.3 Middle East Lubricants Market, by Product, by Revenue, 2013–2020 (USD Revenue)

      6.5.4 Middle East Lubricants Market, by Application, by Volume, 2013–2020 (Kilo Tons)

6.6 Rest of the World (RoW)

      6.6.1 RoW Lubricants Market Estimates and Forecast by Volume and Revenue, 2013–2020 (Kilo Tons)(USD Billion)

      6.6.2 RoW Lubricants Market, by Product, by Volume, 2013–2020 (Kilo Tons)

      6.6.3 RoW Lubricants Market, by Product, by Revenue, 2013–2020 (USD Billion)

      6.6.4 RoW Lubricants Market, by Application, by Volume, 2013–2020 (Kilo Tons)

 

Chapter 7 Company Profiles

7.1 BP p.l.c.

      7.1.1 Company overview

      7.1.2 Financial overview

      7.1.3 Business strategy

      7.1.4 Recent developments

7.2 Chevron Corporation

      7.2.1 Company overview

      7.2.2 Financial overview

      7.2.3 Business strategy

      7.2.4 Recent developments

7.3 ExxonMobil Corporation

      7.3.1 Company overview

      7.3.2 Financial overview

      7.3.3 Business strategy

      7.3.4 Recent developments

7.4 Fuchs Petrolub SE

      7.4.1 Company overview

      7.4.2 Financial overview

      7.4.3 Business strategy

      7.4.4 Recent developments

7.5 Idemitsu Kosan Co., Ltd.

      7.5.1 Company overview

      7.5.2 Financial overview

      7.5.3 Business strategy

      7.5.4 Recent development

7.6 Lukoil Oil Company

      7.6.1 Company overview

      7.6.2 Financial overview

      7.6.3 Business strategy

      7.6.4 Recent developments

7.7 PetroChina Company Limited

      7.7.1 Company overview

      7.7.2 Financial overview

      7.7.3 Business strategy

      7.7.4 Recent developments

7.8 Royal Dutch Shell Plc

      7.8.1 Company overview

      7.8.2 Financial overview

      7.8.3 Business strategy

      7.8.4 Recent developments

7.9 Sinopec Limited

      7.9.1 Company overview

      7.9.2 Financial overview

      7.9.3 Business strategy

      7.9.4 Recent developments

7.10 Total S.A.

      7.10.1 Company overview

      7.10.2 Financial overview

      7.10.3 Business strategy

      7.10.4 Recent developments

List of Figures

 

FIG. 1 Global Lubricants Market, by Volume and Revenue, 2013 – 2020 (Kilo Tons)(USD Billion)

FIG. 2 Value Chain Analysis

FIG. 3 Porter’s Five Forces Analysis

FIG. 4 Market Attractiveness Analysis of Lubricants Market, by Product Segment (2013)

FIG. 5 Company Market Share of Lubricants Market, 2013

FIG. 6 Global Lubricants Market Volume Share, by Product, 2013 and 2020

FIG. 7 Global Mineral Oil Lubricants Market Estimates and Forecast by Volume and Revenue, 2013–2020 (Kilo Tons)(USD Billion)

FIG. 8 Global Synthetic Lubricants Market Estimates and Forecast by Volume and Revenue, 2013–2020 (Kilo Tons)(USD Billion)

FIG. 9 Global Bio-based Lubricants Market Estimates and Forecast by Volume and Revenue, 2013–2020 (Kilo Tons)(USD Billion)

FIG. 10 Global Lubricants Market, Volume Share, by Application, 2013 and 2020

FIG. 11 Global Automotive Oils Market Estimates and Forecast by Volume, 2013–2020 (Kilo Tons)

FIG. 12 Global Industrial Oils Market Estimates and Forecast by Volume, 2013–2020 (Kilo Tons)

FIG. 13 Global Grease Market Estimates and Forecast by Volume, 2013–2020 (Kilo Tons)

FIG. 14 Global MWF Market Estimates and Forecast by Volume, 2013–2020 (Kilo Tons)

FIG. 15 Global Other Lubricants Market Estimates and Forecast by Volume, 2013–2020 (Kilo Tons)

FIG. 16 Global Lubricants Market ,Volume Share, by Geography, 2013 and 2020

FIG. 17 North America Lubricants Market Estimates and Forecast by Volume and Revenue, 2013–2020 (Kilo Tons)(USD Billion)

FIG. 18 Europe Lubricants Market Estimates and Forecast by Volume and Revenue, 2013–2020 (Kilo Tons)(USD Billion)

FIG. 19 Asia Pacific Lubricants Market Estimates and Forecast by Volume and Revenue, 2013–2020 (Kilo Tons)(USD Billion)

FIG. 20 Middle East Lubricants Market Estimates and Forecast by Volume and Revenue, 2013 – 2020 (Kilo Tons)(USD Billion)

FIG. 21 RoW Lubricants Market Estimates and Forecast by Volume and Revenue, 2013–2020 (Kilo Tons)(USD Billion)

List of Table

 

TABLE 1 Global Lubricants Market Snapshot

TABLE 2 Drivers for Global Lubricants Market: Impact Analysis

TABLE 3 Restraints of Global Lubricants Market: Impact Analysis

TABLE 4 North America Lubricants Market, by Product, by Volume, 2013–2020 (Kilo Tons)

TABLE 5 North America Lubricants Market, by Product, by Revenue, 2013–2020 (USD Billion)

TABLE 6 North America Lubricants Market, by Application, by Volume, 2013–2020 (Kilo Tons)

TABLE 7 Europe Lubricants Market, by Product, by Volume, 2013–2020 (Kilo Tons)

TABLE 8 Europe Lubricants Market, by Product, by Revenue, 2013–2020 (USD Billion)

TABLE 9 Europe Lubricants Market, by Application, by Volume, 2013–2020 (Kilo Tons)

TABLE 10 Asia Pacific Lubricants Market, by Product, by Volume, 2013–2020 (Kilo Tons)

TABLE 11 Asia Pacific Lubricants Market, by Product, by Revenue, 2013–2020 (USD Billion)

TABLE 12 Asia Pacific Lubricants Market, by Application, by Volume, 2013–2020 (Kilo Tons)

TABLE 13 Middle East Lubricants Market, by Product, by Volume, 2013–2020 (Kilo Tons)

TABLE 14 Middle East Lubricants Market, by Product, by Revenue, 2013–2020 (USD Billion)

TABLE 15 Middle East Lubricants Market, by Application, by Volume, 2013–2020 (Kilo Tons)

TABLE 16 RoW Lubricants Market, by Product, by Volume, 2013–2020 (Kilo Tons)

TABLE 17 RoW Lubricants Market, by Product, by Revenue, 2013–2020 (USD Billion)

TABLE 18 RoW Lubricants Market, by Application, by Volume, 2013–2020 (Kilo Tons)

Lubricants are very important for the proper functioning of a machine. The primary function of lubricants is to reduce friction, and wear & tear. Lubricants protect against sludge formation and residual deposition over mechanical parts. They are also used to transfer heat, as seals for gases, transmit power, and prevent rust and corrosion. Lubricants are manufactured from base oils. The desired properties are imparted to lubricants by blending base oils with various additives such as viscosity index improvers, dispersants, and detergents. Lubricant additives improve the functioning and lifespan of lubricants.

 

The global lubricants market study analyzes the demand for lubricants and provides estimates and forecasts for the market in terms of consumption. In order to provide a holistic view, the market has been segmented on the basis of products and applications. The product segments of the global lubricants market included in the report are mineral oil, synthetic, and bio-based. Base oils used for manufacturing mineral oil lubricants are obtained from refining crude oil. Base oils are of various types: group I, group II, and group III. These base oils are distinct from each other in terms of sulfur content (%), viscosity index, and saturates (%). Group I base oil is the least processed base oil, and has the lowest quality. Hence, the finished lubricants containing group I base oils have low performance levels. Synthetic lubricants are synthesized under controlled conditions to instill desired properties in them. Bio-based lubricants are manufactured from animal and vegetable oils. They are the most expensive lubricants. Key application segments analyzed in the study include automotive oils, industrial oils, metalworking fluids, grease, and other lubricants. In this report, the data for various products and applications has been provided for the period 2013 – 2020. Market data has been provided on a regional level for North America, Europe, Asia Pacific, the Middle East, and Rest of the World (RoW). The regions included in RoW are Latin America and Africa.

The report also includes value chain analysis of the market along with Porter’s Five Forces model. The value chain of the global lubricants market provides a glimpse of various raw material suppliers, downstream players, and distributors involved in the business as well as their interaction with the ultimate end users of the product. Porter’s Five Forces analysis helps in understanding the five major forces that affect the industry structure and profitability of the global lubricants market. The forces analyzed in the global lubricants market report include bargaining power of suppliers, bargaining power of buyers, threat from new entrants, degree of competition, and threat from substitutes. The company market share analysis provides a comprehensive competitive landscape. The report analyzes the market attractiveness by product type. The market attractiveness analysis, by product, involves benchmarking and ranking of each product segment on the basis of numerous parameters. The parameters selected are likely to have a prominent effect on the demand for each type of lubricants during the forecast period.

 

Key players in the global lubricants market include Royal Dutch Shell plc., BP p.l.c., Total S.A., Chevron Corporation, Lukoil Oil Company, Fuchs Petrolub SE, Idemitsu Kosan Co., Ltd., PetroChina Company Limited, Sinopec Limited, and ExxonMobil Corporation. Some of the major companies such as Royal Dutch Shell Plc. and Exxon Mobil Corporation have a presence across the value chain of the global lubricants market. The report provides an overview of these companies along with their financial details (subject to availability), business strategy, and recent developments.

 

Lubricants Market: Product Segment Analysis

  • Mineral oil
  • Synthetic
  • Bio-based

Lubricants Market: Application Segment Analysis

  • Automotive oils
  • Industrial oils
  • Metalworking fluids
  • Grease
  • Others

Lubricants Market: Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East
  • RoW (Rest of the World)


 
 
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