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Global Mineral-oil-based Lubricants Market 2015-2019

Global Mineral-oil-based Lubricants Market 2015-2019

About mineral oil-based lubricants

Lubricants are used to reduce friction between two surfaces of equipment or components. They are usually in oil, semi-fluid, or solid state. Superior-quality lubricants have high thermal stability, high boiling point, low freezing point, and high viscosity index, which help to reduce the friction between machine parts for increased operational efficiency.

Mineral oil-based lubricants are derived from crude oil by distillation, solvent extraction, and the cracking process. Base oils (group I, II, and III) obtained from refining crude oil are used to manufacture mineral oil lubricants. These base oils differ from each other in terms of sulfur content, viscosity index, and saturates. Group I base oil is the least processed base oil and hence, has the lowest quality. Several types of mineral oil-based lubricants are available in the market, including engine oils, process oils, hydraulic fluids, turbine oils, tractor fluids, gear oils, and metal working fluids. They are used in various industries such as automotive, industrial machinery, textile, food and beverage, plastic, and chemicals.

Technavio’s analysts forecast the global mineral oil-based lubricants market to grow at a CAGR of 2% during the period 2014-2019.

Covered in this report

This research report covers the present scenario and the growth prospects of the global mineral oil-based lubricants market for the period 2015-2019. To calculate the market size, the report considers the consumption of mineral oil-based lubricants. The market has been divided into three major regions namely Americas, APAC, and EMEA. The mineral oil-based lubricants have been divided into three segments:

  • Fluid
  • Semi-fluid
  • Solid
Technavio’s report, Global Mineral Oil-based Lubricants Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The research report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors in the market. In addition, the report discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the market at large, as well as the key trends emerging in the market.

Key vendors
  • BP
  • CNPC
  • ExxonMobil
  • Royal Dutch Shell
  • Saudi Aramco
Other prominent vendors
  • Fuchs Petrolub
  • Gazprom
  • Idemitsu Kosan
  • JX Holdings
  • NK Lukoil
  • PetroChina
  • Petronas Chemicals Group Berhad
  • Sinopec
  • Total
Market driver
  • Growing demand from automotive industry
  • For a full, detailed list, view our report
Market challenge
  • Negative environmental impact
  • For a full, detailed list, view our report
Market trend
  • Increase in R&D investment
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Mineral Oil-Based Lubricants Market 2015-2019

Technavio recognizes the following companies as the key players in the Global Mineral Oil-Based Lubricants Market: BP, CNPC, ExxonMobil, Royal Dutch Shell and Saudi Aramco

Other Prominent Vendors in the market are: Fuchs Petrolub, Gazprom, Idemitsu Kosan, JX Holdings, NK Lukoil, PetroChina, Petronas Chemicals Group Berhad, Sinopec, and Total.

Commenting on the report, an analyst from Technavio’s team said: “The market is witnessing a number of M&A. Companies are trying to improve their core competency by acquiring the varied product portfolio and technology of other companies. Many large and international vendors are acquiring small and local vendors to enhance their market potential and their product portfolio. The increased competition in this highly fragmented market is another major reason for the increase in the number of M&A.”

According to the report, the market is driven by the increase in demand from industries such as agricultural, steel, construction, and mining. In the agricultural industry, exposure to dust and water causes a reduction in the efficiency of gearboxes and bearings. Deep plowing results in heavy loads on tractors. Hence, lubrication is necessary for the optimum operation of equipment.

Further, the report states that some lubricants such as mineral-oil-based lubricants have a negative impact on the environment. They contain toxic elements that take a long time to decompose and are harmful to plants and wildlife ecosystems.

Companies Mentioned

BP, CNPC, ExxonMobil, Royal Dutch Shell, Saudi Aramco, Fuchs Petrolub, Gazprom, Idemitsu Kosan, JX Holdings, NK Lukoil, PetroChina, Petronas Chemicals Group Berhad, Sinopec, Total.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
    • Market size and forecast
      • Table Global mineral-oil-based lubricants market 2014-2019 (million metric tons)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by type
    • Global mineral-oil-based lubricants market by type 2014
      • Table Global mineral-oil-based lubricants market by type 2014
    • Global mineral-oil-based lubricants market by type 2019
      • Table Global mineral-oil-based lubricants market by type 2019
      • Table Global mineral-oil-based lubricants market by type 2014-2019
    • Global mineral-oil-based lubricants market by fluid type
      • Table Global mineral-oil-based lubricants market by fluid type 2014-2019 (million metric tons)
    • Global mineral-oil-based lubricant market by semi-fluid type
      • Table Global mineral-oil-based lubricants market by semi-fluid type 2014-2019 (million metric tons)
    • Global mineral-oil-based lubricant market by solid type
      • Table Global mineral-oil-based lubricants market by solid type 2014-2019 (million metric tons)
  • Geographical segmentation
    • Global mineral-oil-based lubricants market by geography 2014
      • Table Global mineral-oil-based lubricants market by geography 2014
    • Global mineral-oil-based lubricants market by geography 2019
      • Table Global mineral-oil-based lubricants market by geography 2019
      • Table Global mineral-oil-based lubricants market by geography 2014-2019
    • Mineral-oil-based lubricants market in APAC
      • Table Mineral-oil-based lubricants market in APAC 2014-2019 (million metric tons)
    • Mineral-oil-based lubricants market in EMEA
      • Table Mineral-oil-based lubricants market in EMEA 2014-2019 (million metric tons)
    • Mineral-oil-based lubricants market in Americas
      • Table Mineral-oil-based lubricants market in Americas 2014-2019 (million metric tons)
  • Key leading countries
    • China
    • US
    • India
      • Table Key leading countries
  • Market drivers
    • Table Global commercial and passenger vehicle sales figures 2009-2014 (million)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
  • Key vendor analysis
    • BP
      • Table BP: Business segmentation 2014 by revenue
      • Table BP: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table BP: Geographical segmentation by revenue 2014
    • CNPC
    • ExxonMobil
      • Table ExxonMobil: Business segmentation by revenue 2014
      • Table ExxonMobil: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table ExxonMobil: Geographical segmentation by revenue 2014
    • Royal Dutch Shell
      • Table Business segmentation by revenue 2014
      • Table Business segmentation by revenue 2013 and 2014 ($ millions)
    • Saudi Aramco
      • Table Saudi Aramco: Product segmentation 2014 by revenue
  • Appendix
    • List of abbreviations
  • Explore Technavio

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