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Lubricants


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Lubricants

The US lubricants market will grow under one percent annually through 2020, reaching 2.4 billion gallons with a market valuation of $23.5 billion. Gains will be driven by rising levels of manufacturing output. Volume growth, however, will be limited by improvements in lubricant technology that permit products with extended drain intervals.

This report segments the lubricants industry by product, market, and formulation. Additionally, the study discusses lubricant base stock demand by type, including petroleum, synthetic, bio-based, and re-refined. Data are provided in gallons with selected data also provided in dollars.

Lubricant products include:
Engine Oils -- Motor Vehicle Engine Oils; Other Engine Oils
Gear Oils -- Industrial Gear Oils; Vehicle & Equipment Gear Oils
General Industrial Oils -- Turbine Oils; Other General Industrial Oils
Greases -- Industrial Greases; Vehicle & Equipment Greases
Metalworking Fluids
Process Oils -- Electrical Oils; Rubber Oils; White Oils
Transmission & Hydraulic Fluids -- Automatic Transmission Fluid;

Industrial Hydraulic Fluid; Tractor Hydraulic Fluid (Universal Tractor Fluid)
Engine oils will remain the largest of these through 2020, accounting for 46% of the market. Fastest growth will be for process oils, driven by rising production in the rubber processing industry.

Major lubricant markets include:
Commercial/Industrial -- Agriculture; Construction; Electricity Generation; Oil & Gas Production
Light Vehicle
Transportation Equipment -- Aerospace Equipment; Heavy-Duty Trucks & Buses; Marine Equipment; Railroad Equipment
Durable Goods Manufacturing -- Machinery; Metals; Transportation Equipment
Nondurable Goods Manufacturing -- Chemicals; Cosmetics & Toiletries; Food & Beverages; Paper & Textiles; Plastics & Rubber

The light vehicle market is the leading outlet for lubricants, accounting for 33% of demand in 2015. The most rapid gains through 2020 are forecast for the durable goods manufacturing market, fueled by expanded machinery production.

Lubricant formulation types include:
Conventional
Synthetic
Bio-based
Re-refined

Conventional formulations remained the largest category in 2015. Going forward, biobased lubricants will see the fastest gains, benefiting from advancing technology and low market penetration.

Lubricant producers include multinational oil conglomerates and major chemical manufacturers as well as numerous smaller, independent companies. Major lubricant producers include Ashland, BP, Calumet, Chevron, ExxonMobil, Houghton, Phillips 66, Shell, and Warren Oil.


  • INTRODUCTION
  • EXECUTIVE SUMMARY
    • Table LUBRICANT DEMAND
  • MARKET ENVIRONMENT
    • General
    • Macroeconomic Outlook
      • Table MACROECONOMIC INDICATORS
    • Manufacturing Outlook
      • Table MANUFACTURERS' SHIPMENTS
    • Consumer Spending Outlook
      • Table PERSONAL CONSUMPTION EXPENDITURES
    • Motor Vehicle Outlook
      • Table MOTOR VEHICLE INDICATORS
    • Crude Oil & Refined Petroleum Products Outlook
      • Table OIL & GAS PRODUCTION & CONSUMPTION
    • Lubricant Additives Overview
    • Historical Market Trends
      • Table LUBRICANT MARKET, 2005-2015
      • Table CHART II-1 LUBRICANT MARKET, 2005-2015
    • Pricing Trends
      • Table SELECTED LUBRICANT PRICING
    • Environmental & Regulatory Issues
      • Biobased Lubricants
      • Recycling
      • Re-Refining
    • Motor Vehicle Lubricant Classification & Testing
    • Foreign Trade
      • Table US FINISHED LUBRICANT FOREIGN TRADE
    • International Activity
  • LUBRICANT BASESTOCKS
    • General
      • Table LUBRICANT BASESTOCK DEMAND
      • Table CHART III-1 LUBRICANT PRODUCTION FLOWCHART
    • Petroleum Base Oils
      • Table CHART III-2 PETROLEUM BASE OIL REFINING FLOWCHART
      • Petroleum Base Oil Supply & Demand
        • Table PETROLEUM BASE OIL SUPPLY & DEMAND
        • Table CHART III-3 PETROLEUM BASE OIL DEMAND BY TYPE, 2005-2025
      • Refining Capacity
        • Table US PETROLEUM BASE OIL REFINING CAPACITY BY COMPANY, 2015
        • Table CHART III-4 US PETROLEUM BASE OIL REFINING CAPACITY BY COMPANY, 2015
    • Nonconventional Basestocks
      • Table NONCONVENTIONAL BASESTOCK DEMAND
      • Synthetic Base Fluids
      • Re-Refined Base Oils
      • Biobased Oils
  • PRODUCTS
    • General
      • Table LUBRICANT DEMAND BY TYPE
      • Table CHART IV-1 LUBRICANT DEMAND BY TYPE, 2015
    • Lubricant Formulations
      • Table LUBRICANT DEMAND BY FORMULATION
      • Table CHART IV-2 LUBRICANT DEMAND BY FORMULATION, 2015
      • Conventional
        • Table CONVENTIONAL LUBRICANT DEMAND
      • Synthetic
        • Table SYNTHETIC LUBRICANT DEMAND
      • Re-Refined
        • Table RE-REFINED LUBRICANT DEMAND
      • Biobased
        • Table BIOBASED LUBRICANT DEMAND
    • Engine Oils
      • Table ENGINE OIL DEMAND
      • Motor Vehicle Engine Oil Demand
        • Table MOTOR VEHICLE ENGINE OIL DEMAND BY TYPE
      • Light Vehicle Engine Oil Viscosity Grades
        • Table LIGHT VEHICLE ENGINE OIL DEMAND BY VISCOSITY GRADE
        • Table CHART IV-3 LIGHT VEHICLE ENGINE OIL DEMAND BY VISCOSITY GRADE, 2005-2025
      • Other Engine Oils
        • Table OTHER ENGINE OIL DEMAND
    • Transmission & Hydraulic Fluids
      • Table TRANSMISSION & HYDRAULIC FLUID DEMAND
      • Table CHART IV-4 TRANSMISSION & HYDRAULIC FLUID DEMAND BY TYPE, 2015
      • Industrial Hydraulic Fluids
        • Table INDUSTRIAL HYDRAULIC FLUID DEMAND
      • Automatic Transmission Fluids
        • Table AUTOMATIC TRANSMISSION FLUID DEMAND
      • Tractor Hydraulic & Transmission Fluids
        • Table TRACTOR HYDRAULIC FLUID DEMAND
      • Other Transmission and Hydraulic Fluids
        • Table OTHER TRANSMISSION & HYDRAULIC FLUID DEMAND
    • Process Oils
      • Table PROCESS OIL DEMAND
      • Table CHART IV-5 PROCESS OIL DEMAND BY TYPE, 2015
      • Rubber Oils
        • Table RUBBER OIL DEMAND
      • White Oils
        • Table WHITE OIL DEMAND
      • Electrical Oils
        • Table ELECTRICAL OIL DEMAND
      • Other Process Oils
        • Table OTHER PROCESS OIL DEMAND
    • Metalworking Fluids
      • Table METALWORKING FLUID DEMAND
      • Product Characteristics
      • Suppliers
    • General Industrial Oils
      • Table GENERAL INDUSTRIAL OIL DEMAND
      • Turbine Oils
        • Table TURBINE OIL DEMAND
      • Other General Industrial Oils
        • Table OTHER GENERAL INDUSTRIAL OIL DEMAND
    • Gear Oils
      • Table GEAR OIL DEMAND
      • Vehicle & Equipment Gear Oils
      • Industrial Gear Oils
    • Greases
      • Table GREASE DEMAND
      • Industrial Greases
      • Vehicle & Equipment Greases
  • MARKETS
    • General
      • Table LUBRICANT DEMAND BY MARKET
      • Table CHART V-1 LUBRICANT DEMAND BY MARKET, 2015
    • Light Vehicles
      • Light Vehicle Industry Outlook
        • Table LIGHT VEHICLE INDICATORS
      • Light Vehicle Lubricant Demand
        • Table LIGHT VEHICLE LUBRICANT DEMAND BY TYPE
      • Light Vehicle Engine Oil Outlets
        • Table LIGHT VEHICLE ENGINE OIL DEMAND BY OUTLET
    • Commercial & Industrial
      • Table COMMERCIAL & INDUSTRIAL LUBRICANT DEMAND
      • Table CHART V-2 COMMERCIAL & INDUSTRIAL LUBRICANT DEMAND BY MARKET, 2015
      • Agriculture
        • Table AGRICULTURAL INDICATORS
        • Table AGRICULTURAL LUBRICANT DEMAND
      • Electricity Generation
        • Table ELECTRICITY GENERATION
        • Table ELECTRICITY GENERATION LUBRICANT DEMAND
      • Construction
        • Table CONSTRUCTION EXPENDITURES
        • Table CONSTRUCTION INDUSTRY LUBRICANT DEMAND
      • Oil & Gas Production
        • Table OIL & GAS LUBRICANT DEMAND
      • Other Commercial & Industrial Markets
        • Table OTHER COMMERCIAL & INDUSTRIAL LUBRICANT DEMAND
    • Nondurable Goods Manufacturing
      • Table NONDURABLE GOODS LUBRICANT DEMAND
      • Table CHART V-3 NONDURABLE GOODS LUBRICANT DEMAND BY MARKET, 2015
      • Plastics & Rubber
        • Table PLASTICS & RUBBER DEMAND
        • Table PLASTICS & RUBBER LUBRICANT DEMAND
      • Food & Beverages
        • Table FOOD & BEVERAGE SHIPMENTS
        • Table FOOD & BEVERAGE LUBRICANT DEMAND
      • Cosmetics & Toiletries
        • Table COSMETIC & TOILETRY SUPPLY & DEMAND
        • Table COSMETIC & TOILETRY LUBRICANT DEMAND
      • Chemicals
        • Table CHEMICAL PRODUCT SHIPMENTS
        • Table CHEMICAL INDUSTRY LUBRICANT DEMAND
      • Paper & Textiles
        • Table PAPER & TEXTILE PRODUCT SHIPMENTS
        • Table PAPER & TEXTILE LUBRICANT DEMAND
      • Other Nondurable Goods Manufacturing
        • Table OTHER NONDURABLE GOODS MANUFACTURING LUBRICANT DEMAND
    • Transportation Equipment
      • Table TRANSPORTATION EQUIPMENT LUBRICANT DEMAND
      • Table CHART V-4 TRANSPORTATION EQUIPMENT LUBRICANT DEMAND BY MARKET, 2015
      • Heavy-Duty Trucks & Buses
        • Table HEAVY-DUTY TRUCK & BUS INDICATORS
        • Table HEAVY-DUTY TRUCK & BUS LUBRICANT DEMAND
      • Marine Equipment
        • Table WATERBORNE COMMERCE INDICATORS
        • Table MARINE LUBRICANT DEMAND
      • Railroad Equipment
        • Table RAILROAD TRANSPORTATION INDICATORS
        • Table RAILROAD LUBRICANT DEMAND
      • Aerospace Equipment
        • Table AIRCRAFT IN SERVICE
        • Table AEROSPACE LUBRICANT DEMAND
      • Other Transportation Equipment
        • Table OTHER TRANSPORTATION EQUIPMENT LUBRICANT DEMAND
    • Durable Goods Manufacturing
      • Table DURABLE GOODS LUBRICANT DEMAND
      • Table CHART V-5 DURABLE GOODS LUBRICANT DEMAND BY MARKET, 2015
      • Machinery
        • Table MACHINERY SHIPMENTS
        • Table MACHINERY PRODUCTION LUBRICANT DEMAND
      • Transportation Equipment Manufacturing
        • Table TRANSPORTATION EQUIPMENT SHIPMENTS
        • Table TRANSPORTATION EQUIPMENT OEM LUBRICANT DEMAND
      • Metals
        • Table METAL PRODUCT SHIPMENTS
        • Table METAL PRODUCTION LUBRICANT DEMAND
      • Other Durable Goods Manufacturing
        • Table OTHER DURABLE GOODS MANUFACTURING LUBRICANT DEMAND
  • INDUSTRY STRUCTURE
    • General
    • Industry Composition
      • Table US LUBRICANT SALES BY COMPANY, 2015
    • Market Share
      • Table CHART VI-1 US FINISHED LUBRICANT MARKET SHARE, 2015
    • Acquisitions & Divestitures
      • Table SELECTED ACQUISITIONS & DIVESTITURES
    • Competitive Strategies
      • Low Cost Production
      • Strategic Partnerships
        • Table SELECTED COOPERATIVE AGREEMENTS
    • Marketing
      • Industrial Lubricant Marketing Strategies
      • Automotive Lubricant Marketing Strategies
    • Distribution
    • Refining & Blending
    • Company Profiles
      • Albemarle Corporation
      • AMSOIL Incorporated
      • Ashland Incorporated
      • BP plc
      • Calumet Specialty Products Partners LP
      • Chemours Company
      • Chemtura Corporation
      • Chevron Corporation
      • Chevron Phillips Chemical Company LLC
      • Clean Harbors Incorporated
      • Croda International plc
      • Dow Chemical Company
      • DuPont (EI) de Nemours
      • Eastman Chemical Company
      • Ergon Incorporated
      • Exxon Mobil Corporation
      • FUCHS Petrolub AG
      • Henkel AG & Company KGaA
      • Heritage-Crystal Clean Incorporated
      • HollyFrontier Corporation
      • Houghton International Incorporated
      • Illinois Tool Works Incorporated
      • LyondellBasell Industries NV
      • Martin Midstream Partners LP
      • Martin Resource Management Corporation
      • Milacron Holdings Corporation
      • PBF Energy Incorporated
      • Petróleos de Venezuela SA
      • Phillips 66
      • Quaker Chemical Corporation
      • Renewable Lubricants Incorporated
      • Royal Dutch Shell plc
      • San Joaquin Refining Company Incorporated
      • Sonneborn LLC
      • Suncor Energy Incorporated
      • Total SA
      • Valero Energy Corporation
      • Vertex Energy Incorporated
      • Warren Oil Company Incorporated
    • Additional Companies Mentioned in Study

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