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World Lubricants

World Lubricants

Growth in the world lubricant market will total 2% annually through 2019, reaching 45.4 million metric tons. Gains will be fueled by expansion in motor vehicle ownership and manufacturing output in developing regions. However, volume growth in mature markets will be limited by saturated motor vehicle markets and lengthening drain intervals.

This report segments the world lubricants industry by product, market, and region. Data are provided in metric tons.

Lubricant products include:
Engine oils
Hydraulic oils
Metalworking fluids
Process oils
Other

Engine oils will remain the largest of these through 2019, accounting for 47% of the market. Fastest growth will be for process oils, driven by growth in the manufacture of tires and various other goods such as electrical transformers.

Major lubricant markets include:
Motor vehicle aftermarket
Manufacturing
Other

The motor vehicle aftermarket was the leading outlet in 2014, accounting for 39% of demand. The most rapid gains through 2019 are forecast for the Other Markets category, which includes such industries as agriculture, mining, construction, and oil and gas drilling.

Historical demand and forecasts for 23 countries in the following regions are covered in this report:
North America
Western Europe
Asia/Pacific
Central & South America
Eastern Europe
Africa/Mideast

The Asia/Pacific region will see the strongest advances among world regions through 2019. Lubricant demand in China will surpass that of the United States as personal vehicle ownership and manufacturing activity in China expands.

Hundreds of companies manufacture lubricants worldwide, ranging in size from small, independent operations to multinational oil conglomerates. However, market share is concentrated among top suppliers. Producers covered in this study include BP, Chevron, Exxon Mobil, FUCHS Petrolub, Idemitsu Kosan, JX Nippon Oil, Lukoil, PetroChina, Rosneft, Shell, Sinopec, and Total.


  • INTRODUCTION
  • EXECUTIVE SUMMARY
    • Table WORLD LUBRICANT DEMAND
  • MARKET ENVIRONMENT
    • General
    • World Population Outlook
      • Table WORLD POPULATION BY REGION
    • Macroeconomic Outlook
      • Recent Historical Trends
      • World Economic Outlook
        • Table WORLD GROSS DOMESTIC PRODUCT BY REGION
    • World Manufacturing Outlook
      • Table WORLD MANUFACTURING VALUE ADDED BY REGION
    • World Fixed Investment Overview
      • Table WORLD FIXED CAPITAL INVESTMENT BY REGION
    • World Motor Vehicle Outlook
      • World Motor Vehicle Park
        • Table WORLD MOTOR VEHICLE PARK BY REGION
        • Table CHART II-1 WORLD MOTOR VEHICLE PARK BY REGION, 2004-2024
      • World Motor Vehicle Production
        • Table WORLD MOTOR VEHICLE PRODUCTION BY REGION
        • Table CHART II-2 WORLD MOTOR VEHICLE PRODUCTION BY REGION, 2004-2024
      • World Hybrid & Electric Vehicle Outlook
        • Table WORLD HYBRID & ELECTRIC VEHICLE DEMAND BY REGION
    • Motor Vehicle Design Technology
      • Gasoline Engines
      • Diesel Engines
      • Alternative Fuel Technologies
    • World Oil Industry Outlook
      • World Crude Oil & Natural Gas Production
        • Table WORLD OIL & GAS PRODUCTION BY REGION & RESOURCE
      • World Refined Petroleum Products Production
        • Table REFINED PETROLEUM PRODUCTS PRODUCTION
    • Environmental & Regulatory Trends
    • Lubricant Standards & Testing
  • OVERVIEW
    • General
    • World Lubricant Demand by Region
      • Table WORLD LUBRICANT DEMAND BY REGION
      • Table CHART III-1 WORLD LUBRICANT DEMAND BY REGION, 2004-2024
      • Table CHART III-2 LUBRICANT DEMAND PER CAPITA/GDP PER CAPITA RELATIONSHIP, 2014
    • World Lubricant Demand by Formulation
      • Table WORLD LUBRICANT DEMAND BY FORMULATION
      • Petroleum Lubricants
        • Table WORLD PETROLEUM LUBRICANT DEMAND BY REGION
      • Nonconventional Lubricants
        • Table WORLD NONCONVENTIONAL LUBRICANT DEMAND BY REGION
        • Table CHART III-3 SHARE OF LUBRICANT DEMAND BY FORMULATION FOR SELECTED COUNTRIES, 2014
    • World Lubricant Demand by Product
      • Table WORLD LUBRICANT DEMAND BY PRODUCT
      • Table CHART III-4 WORLD LUBRICANT DEMAND BY PRODUCT, 2014
      • Engine Oils
        • Table WORLD ENGINE OIL DEMAND BY REGION
      • Process Oils
        • Table WORLD PROCESS OIL DEMAND BY REGION
      • Hydraulic Fluids
        • Table WORLD HYDRAULIC FLUID DEMAND BY REGION
      • Metalworking Fluids
        • Table WORLD METALWORKING FLUID DEMAND BY REGION
      • Other Lubricants
        • Table WORLD OTHER LUBRICANTS DEMAND BY REGION
    • World Lubricant Demand by Market
      • Table WORLD LUBRICANT DEMAND BY MARKET
      • Table CHART III-5 WORLD LUBRICANT DEMAND BY MARKET, 2014
      • Motor Vehicle Aftermarket
        • Table WORLD MOTOR VEHICLE AFTERMARKET LUBRICANT DEMAND
        • Table LIGHT VEHICLE AFTERMARKET LUBRICANT DEMAND
        • Table MEDIUM & HEAVY TRUCKS & BUSES AFTERMARKET LUBRICANT DEMAND
      • Manufacturing
        • Table WORLD MANUFACTURING LUBRICANT DEMAND
      • Other Markets
        • Table WORLD OTHER MARKETS LUBRICANT DEMAND
    • World Base Oil Trends
      • Table WORLD BASE OIL DEMAND
      • Table CHART III-6 WORLD SHARE OF BASE OIL DEMAND BY TYPE, 2004-2024
    • Lubricant Production & Trade
  • NORTH AMERICA
    • North America: Economic Overview
      • Table NORTH AMERICA: KEY INDICATORS FOR LUBRICANTS
    • North America: Products & Markets
      • Table NORTH AMERICA: LUBRICANT DEMAND
      • Table CHART IV-1 NORTH AMERICA: LUBRICANT DEMAND BY COUNTRY, 2014
    • North America: Market Share
      • Table CHART IV-2 NORTH AMERICA: LUBRICANT MARKET SHARE BY COMPANY, 2014
    • United States
      • United States: Economic Overview
        • Table UNITED STATES: KEY INDICATORS FOR LUBRICANTS
      • United States: Products
        • Table UNITED STATES: LUBRICANT DEMAND BY PRODUCT & FORMULATION
      • United States: Markets
        • Table UNITED STATES: LUBRICANT DEMAND BY MARKET
      • United States: Suppliers
    • Canada
      • Canada: Economic Overview
        • Table CANADA: KEY INDICATORS FOR LUBRICANTS
      • Canada: Products
        • Table CANADA: LUBRICANT DEMAND BY PRODUCT & FORMULATION
      • Canada: Markets
        • Table CANADA: LUBRICANT DEMAND BY MARKET
      • Canada: Suppliers
    • Mexico
      • Mexico: Economic Overview
        • Table MEXICO: KEY INDICATORS FOR LUBRICANTS
      • Mexico: Products
        • Table MEXICO: LUBRICANT DEMAND BY PRODUCT & FORMULATION
      • Mexico: Markets
        • Table MEXICO: LUBRICANT DEMAND BY MARKET
      • Mexico: Suppliers
  • WESTERN EUROPE
    • Western Europe: Economic Overview
      • Table WESTERN EUROPE: KEY INDICATORS FOR LUBRICANTS
    • Western Europe: Products & Markets
      • Table WESTERN EUROPE: LUBRICANT DEMAND
      • Table CHART V-1 WESTERN EUROPE: LUBRICANT DEMAND BY COUNTRY, 2014
    • Western Europe: Market Share
      • Table CHART V-2 WESTERN EUROPE: LUBRICANT MARKET SHARE BY COMPANY, 2014
    • Germany
      • Germany: Economic Overview
        • Table GERMANY: KEY INDICATORS FOR LUBRICANTS
      • Germany: Products
        • Table GERMANY: LUBRICANT DEMAND BY PRODUCT & FORMULATION
      • Germany: Markets
        • Table GERMANY: LUBRICANT DEMAND BY MARKET
      • Germany: Suppliers
    • France
      • France: Economic Overview
        • Table FRANCE: KEY INDICATORS FOR LUBRICANTS
      • France: Products
        • Table FRANCE: LUBRICANT DEMAND BY PRODUCT & FORMULATION
      • France: Markets
        • Table FRANCE: LUBRICANT DEMAND BY MARKET
      • France: Suppliers
    • Italy
      • Italy: Economic Overview
        • Table ITALY: KEY INDICATORS FOR LUBRICANTS
      • Italy: Products
        • Table ITALY: LUBRICANT DEMAND BY PRODUCT & FORMULATION
      • Italy: Markets
        • Table ITALY: LUBRICANT DEMAND BY MARKET
      • Italy: Suppliers
    • United Kingdom
      • United Kingdom: Economic Overview
        • Table UNITED KINGDOM: KEY INDICATORS FOR LUBRICANTS
      • United Kingdom: Products
        • Table UNITED KINGDOM: LUBRICANT DEMAND BY PRODUCT & FORMULATION
      • United Kingdom: Markets
        • Table UNITED KINGDOM: LUBRICANT DEMAND BY MARKET
      • United Kingdom: Suppliers
    • Spain
      • Spain: Economic Overview
        • Table SPAIN: KEY INDICATORS FOR LUBRICANTS
      • Spain: Products
        • Table SPAIN: LUBRICANT DEMAND BY PRODUCT & FORMULATION
      • Spain: Markets
        • Table SPAIN: LUBRICANT DEMAND BY MARKET
      • Spain: Suppliers
    • Other Western Europe
      • Other Western Europe: Economic Overview
        • Table OTHER WESTERN EUROPE: KEY INDICATORS FOR LUBRICANTS
      • Other Western Europe: Products & Markets
        • Table OTHER WESTERN EUROPE: LUBRICANT DEMAND
      • Other Western Europe: Countries
        • Table OTHER WESTERN EUROPE: LUBRICANT DEMAND BY COUNTRY
  • ASIA/PACIFIC
    • Asia/Pacific: Economic Overview
      • Table ASIA/PACIFIC: KEY INDICATORS FOR LUBRICANTS
    • Asia/Pacific: Products & Markets
      • Table ASIA/PACIFIC: LUBRICANT DEMAND
      • Table CHART VI-1 ASIA/PACIFIC: LUBRICANT DEMAND BY COUNTRY, 2014
    • Asia/Pacific: Market Share
      • Table CHART VI-2 ASIA/PACIFIC: LUBRICANT MARKET SHARE BY COMPANY, 2014
    • China
      • China: Economic Overview
        • Table CHINA: KEY INDICATORS FOR LUBRICANTS
      • China: Products
        • Table CHINA: LUBRICANT DEMAND BY PRODUCT & FORMULATION
      • China: Markets
        • Table CHINA: LUBRICANT DEMAND BY MARKET
      • China: Suppliers
    • India
      • India: Economic Overview
        • Table INDIA: KEY INDICATORS FOR LUBRICANTS
      • India: Products
        • Table INDIA: LUBRICANT DEMAND BY PRODUCT & FORMULATION
      • India: Markets
        • Table INDIA: LUBRICANT DEMAND BY MARKET
      • India: Suppliers
    • Japan
      • Japan: Economic Overview
        • Table JAPAN: KEY INDICATORS FOR LUBRICANTS
      • Japan: Products
        • Table JAPAN: LUBRICANT DEMAND BY PRODUCT & FORMULATION
      • Japan: Markets
        • Table JAPAN: LUBRICANT DEMAND BY MARKET
      • Japan: Suppliers
    • South Korea
      • South Korea: Economic Overview
        • Table SOUTH KOREA: KEY INDICATORS FOR LUBRICANTS
      • South Korea: Products
        • Table SOUTH KOREA: LUBRICANT DEMAND BY PRODUCT & FORMULATION
      • South Korea: Markets
        • Table SOUTH KOREA: LUBRICANT DEMAND BY MARKET
      • South Korea: Suppliers
    • Indonesia
      • Indonesia: Economic Overview
        • Table INDONESIA: KEY INDICATORS FOR LUBRICANTS
      • Indonesia: Products
        • Table INDONESIA: LUBRICANT DEMAND BY PRODUCT & FORMULATION
      • Indonesia: Markets
        • Table INDONESIA: LUBRICANT DEMAND BY MARKET
      • Indonesia: Suppliers
    • Thailand
      • Thailand: Economic Overview
        • Table THAILAND: KEY INDICATORS FOR LUBRICANTS
      • Thailand: Products
        • Table THAILAND: LUBRICANT DEMAND BY PRODUCT & FORMULATION
      • Thailand: Markets
        • Table THAILAND: LUBRICANT DEMAND BY MARKET
      • Thailand: Suppliers
    • Taiwan
      • Taiwan: Economic Overview
        • Table TAIWAN: KEY INDICATORS FOR LUBRICANTS
      • Taiwan: Products
        • Table TAIWAN: LUBRICANT DEMAND BY PRODUCT & FORMULATION
      • Taiwan: Markets
        • Table TAIWAN: LUBRICANT DEMAND BY MARKET
      • Taiwan: Suppliers
    • Australia
      • Australia: Economic Overview
        • Table AUSTRALIA: KEY INDICATORS FOR LUBRICANTS
      • Australia: Products
        • Table AUSTRALIA: LUBRICANT DEMAND BY PRODUCT & FORMULATION
      • Australia: Markets
        • Table AUSTRALIA: LUBRICANT DEMAND BY MARKET
      • Australia: Suppliers
    • Other Asia/Pacific
      • Other Asia/Pacific: Economic Overview
        • Table OTHER ASIA/PACIFIC: KEY INDICATORS FOR LUBRICANTS
      • Other Asia/Pacific: Products & Markets
        • Table OTHER ASIA/PACIFIC: LUBRICANT DEMAND
      • Other Asia/Pacific: Countries
        • Table OTHER ASIA/PACIFIC: LUBRICANT DEMAND BY COUNTRY
  • OTHER REGIONS
    • Central & South America
      • Central & South America: Economic Overview
        • Table CENTRAL & SOUTH AMERICA: KEY INDICATORS FOR LUBRICANTS
      • Central & South America: Products & Markets
        • Table CENTRAL & SOUTH AMERICA: LUBRICANT DEMAND
        • Table CHART VII-1 CENTRAL & SOUTH AMERICA: LUBRICANT DEMAND BY COUNTRY, 2014
      • Central & South America: Market Share
        • Table CHART VII-2 CENTRAL & SOUTH AMERICA: LUBRICANT MARKET SHARE BY COMPANY, 2014
      • Brazil
        • Table BRAZIL: KEY INDICATORS FOR LUBRICANTS
        • Table BRAZIL: LUBRICANT DEMAND BY PRODUCT & FORMULATION
        • Table BRAZIL: LUBRICANT DEMAND BY MARKET
      • Other Central & South America
        • Table OTHER CENTRAL & SOUTH AMERICA: KEY INDICATORS FOR LUBRICANTS
        • Table OTHER CENTRAL & SOUTH AMERICA: LUBRICANT DEMAND
        • Table OTHER CENTRAL & SOUTH AMERICA: LUBRICANT DEMAND BY COUNTRY
    • Eastern Europe
      • Eastern Europe: Economic Overview
        • Table EASTERN EUROPE: KEY INDICATORS FOR LUBRICANTS
      • Eastern Europe: Products & Markets
        • Table EASTERN EUROPE: LUBRICANT DEMAND
        • Table CHART VII-3 EASTERN EUROPE: LUBRICANT DEMAND BY COUNTRY, 2014
      • Eastern Europe: Market Share
        • Table CHART VII-4 EASTERN EUROPE: LUBRICANT MARKET SHARE BY COMPANY, 2014
      • Russia
        • Table RUSSIA: KEY INDICATORS FOR LUBRICANTS
        • Table RUSSIA: LUBRICANT DEMAND BY PRODUCT & FORMULATION
        • Table RUSSIA: LUBRICANT DEMAND BY MARKET
      • Poland
        • Table POLAND: KEY INDICATORS FOR LUBRICANTS
        • Table POLAND: LUBRICANT DEMAND BY PRODUCT & FORMULATION
        • Table POLAND: LUBRICANT DEMAND BY MARKET
      • Other Eastern Europe
        • Table OTHER EASTERN EUROPE: KEY INDICATORS FOR LUBRICANTS
        • Table OTHER EASTERN EUROPE: LUBRICANT DEMAND BY PRODUCT
        • Table OTHER EASTERN EUROPE: LUBRICANT DEMAND BY MARKET & COUNTRY
    • Africa/Mideast
      • Africa/Mideast: Economic Overview
        • Table AFRICA/MIDEAST: KEY INDICATORS FOR LUBRICANTS
      • Africa/Mideast: Products & Markets
        • Table AFRICA/MIDEAST: LUBRICANT DEMAND
        • Table CHART VII-5 AFRICA/MIDEAST: LUBRICANT DEMAND BY COUNTRY, 2014
      • Africa/Mideast: Market Share
        • Table CHART VII-6 AFRICA/MIDEAST: LUBRICANT MARKET SHARE BY COMPANY, 2014
      • Iran
        • Table IRAN: KEY INDICATORS FOR LUBRICANTS
        • Table IRAN: LUBRICANT DEMAND BY PRODUCT & FORMULATION
        • Table IRAN: LUBRICANT DEMAND BY MARKET
      • Turkey
        • Table TURKEY: KEY INDICATORS FOR LUBRICANTS
        • Table TURKEY: LUBRICANT DEMAND BY PRODUCT & FORMULATION
        • Table TURKEY: LUBRICANT DEMAND BY MARKET
      • Egypt
        • Table EGYPT: KEY INDICATORS FOR LUBRICANTS
        • Table EGYPT: LUBRICANT DEMAND BY PRODUCT & FORMULATION
        • Table EGYPT: LUBRICANT DEMAND BY MARKET
      • Saudi Arabia
        • Table SAUDI ARABIA: KEY INDICATORS FOR LUBRICANTS
        • Table SAUDI ARABIA: LUBRICANT DEMAND BY PRODUCT & FORMULATION
        • Table SAUDI ARABIA: LUBRICANT DEMAND BY MARKET
      • Other Africa/Mideast
        • Table OTHER AFRICA/MIDEAST: KEY INDICATORS FOR LUBRICANTS
        • Table OTHER AFRICA/MIDEAST: LUBRICANT DEMAND
        • Table OTHER AFRICA/MIDEAST: LUBRICANT DEMAND BY COUNTRY
  • INDUSTRY STRUCTURE
    • General
    • Industry Composition
      • Table WORLD LUBRICANT SALES BY COMPANY, 2014
    • Lubricant Market Share
      • Table CHART VIII-1 WORLD LUBRICANT MARKET SHARE BY COMPANY, 2014
    • Competitive Strategies
    • Merger & Acquisition Activity
      • Table SELECTED ACQUISITIONS & DIVESTITURES
    • Strategic Partnerships
      • Table SELECTED COOPERATIVE AGREEMENTS
    • Refining & Blending
    • Marketing & Distribution
    • Company Profiles
      • Ashland Incorporated
      • BP plc
      • Chemtura Corporation
      • Chevron Corporation
      • Chevron Phillips Chemical Company LLC
      • China National Petroleum Corporation
      • China Petroleum & Chemical Corporation
      • CPC Corporation
      • Eni SpA
      • Exxon Mobil Corporation
      • FUCHS Petrolub SE
      • Gazprom OAO
      • Houghton International Incorporated
      • Idemitsu Kosan Company Limited
      • Indian Oil Corporation Limited
      • JX Holdings Incorporated
      • Lukoil Oil Company
      • OMV AG
      • Perusahaan Pertambangan Minyak Dan Gas Bumi Negara
      • Petróleo Brasileiro SA
      • Petróleos de Venezuela SA
      • Petróleos Mexicanos SA
      • Petroliam Nasional Berhad
      • Petromin Corporation
      • Phillips 66
      • Repsol SA
      • Rosneft Oil Company OJSC
      • Royal Dutch Shell plc
      • SK Innovation Company Limited
      • Suncor Energy Incorporated
      • Total SA
      • Ukrtatnafta PJSC
      • Yushiro Chemical Industry Company Limited
    • Other Companies Mentioned in Study

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