Lubricant Oil Manufacturing in Canada
The Lubricant Oil Manufacturing industry in Canada produces industrial and automotive lubricants for manufacturers and consumers, including motor oil, transmission fluid, rust inhibitors and machine oils. Most industry goods are based on petroleum products and industry revenue tends to track the price of crude oil. Over the past five years, the industry has experienced mixed results, in line with sharp volatility in the price of crude oil. ndustry revenue has fallen despite some positive indicators over the past five years. New vehicle registrations and the total distance driven have both risen across North America over the past five years, and domestic industrial capacity utilization has also grown. Notably, the industry structure has changed slightly over the past five years. IBISWorld forecasts industry revenue to continue its recent rebound and grow over the five years to 2024.
This industry manufactures petroleum products (except for asphalt paving, roofing and saturated materials) such as blended motor oils, brake fluids, lubricating greases and other oil-based additives. Key buyers include downstream automobile manufacturers, wholesalers and automotive retail chains.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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