COVID-19 Impact on Lubricants Market by Product type (Engine Oil, Hydraulic Oil, Compressor Oil, Metalworking Fluid, Gear Oil, Turbine Oil and Grease), End-use Industry and Region - Global Forecast to 2021

COVID-19 Impact on Lubricants Market by Product type (Engine Oil, Hydraulic Oil, Compressor Oil, Metalworking Fluid, Gear Oil, Turbine Oil and Grease), End-use Industry and Region - Global Forecast to 2021

“Global lubricants market is forecasted to recover in 2021 after negative impact to COVID-19”
The global lubricants market is expected to witness a downfall in 2020 with a negative growth of 0.95% and market is expected to rebound and witness recovery in 2021. The decline in the market is primarily due to the spread of COVID-19 across the globe, impacting the functioning of key end-use industries using lubricants. Almost, the entire world has been under lockdown in different period to prevent the spread of the virus, leading to suspension of industrial and transportation activities.
“Engine oil to be the most affected product type segment in the global lubricants market.”

Engine oil is the largest and most affected product type segment in the lubricants market. It is expected to witness a negative impact due to lockdown, as demand from the passenger vehicle segment is at an all-time low. The demand is relatively low in the commercial segment as well. OEMs have also halted production, which has further decreased the demand for engine oil. Due to nationwide lockdown, Germany, the US, China, India, and France have witnessed a downfall in traffic and very little to no automotive movement.

“Transportation is the largest and most affected end-use industry segment in the global lubricants market.”
Currently, all heavy transport is suspended at least for a month. However, due to a few of the necessary goods still being produced and transported, such as food products, metal and mining, and healthcare products, commercial fleets are operating at very low output. This will have a huge impact on the commercial vehicle segment. In 2020, the market is expected to fall, as per industry experts. After the lockdown is over, the market will grow as the industry will have to finish supply laggards and pending orders. Especially when all the important industries will resume production, the supply chain industry is expected to get boom from the start.

The automotive industry has been under crisis since 2019 due to the worldwide downfall of automotive sales. With changing regulations and policies, the consumer trend has declined; for example, India has shifted from BS4 to BS6 norms for automotive engines. As per industry experts, the market was expected to increase; however, amidst the pandemic, the sales have declined, and due to the lockdown, personal vehicles are not utilized. This will lead to low oil change requirements.

“North America and APAC are expected to be the most affected region for lubricants market due to COVID-19
The APAC and North American lubricants markets are adversely affected by COVID-19 and expected to witness a decline in the market in 2020. The market is also expected to witness recovery in 2021. Although Europe is one of the major hotspots for COVID-19, it is expected to witness lesser impacts than North America and APAC because of their large number of manufacturing industries and vehicles on road. Governments in different countries are imposing lockdown to avoid the spread of the coronavirus, which has made industries, such as cement production, automotive manufacturing, chemical, and oil & gas, suspend their operations. It is affecting the demand for lubricants.

Countries such as China, the US, France, Germany, the UK, Italy, and Spain have witnessed a severe impact of the pandemic with a high number of positive cases and deaths. Lubricant manufacturers in each of the countries are taking adequate measures to overcome the situation.

By Company Type: Tier 1 - 69%, Tier 2 - 23%, and Tier 3 - 8%
By Designation: C-Level - 23%, Director Level - 37%, and Others - 40%
By Region: North America - 32%, Europe - 21%, APAC - 28%, South America - 12%, Middle East & Africa - 7%,

The key players profiled in the lubricants market report include as Royal Dutch Shell (Netherlands), ExxonMobil (US), BP PLC (UK), Chevron Corporation (US), Total S.A. (France), PetroChina Company Limited (China), Idemitsu Kosan Co. Ltd. (Japan), Sinopec Limited (China), Fuchs Petrolub AG (Germany), Valvoline (US), LUKOIL (Russia), Petronas (Malaysia), Gazprom Neft (Russia), and Pertamina (Indonesia), among others.

Research Coverage
This report segments the lubricants market based on product type, end-use industry, and region, and provides estimations for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies associated with the market for lubricants. Furthermore, impacts on end-use industries and necessary measures taken by respective end-use industries are also elaborated separately in the report.

Reasons to Buy this Report
This research report is focused on estimating the impact of COVID-19 on global lubricants market. The most important content of the report includes disruption in respective end-use industries, measures taken by end-use industries, and impact on lubricant blenders. In each company profile, impact of COVID-19 on its respective business and steps taken by manufacturers to sustain their position in the market are analyzed.

The report provides insights on the following pointers:
Industry impact: impact of COVID-19 on end-use industries of lubricants

Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for lubricants across regions

Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global lubricants market


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • REGION COVERED
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • UNIT CONSIDERED
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • CRITICAL COVID-19 FACTORS IMPACTING THE LUBRICANTS MARKET IN 2020
    • RESEARCH METHODOLOGY: TRANSPORT SEGMENT ANALYSIS FOR NORTH AMERICA IN 2020
    • PRODUCT TYPE SEGMENT ANALYSIS FOR NORTH AMERICA IN 2020
    • LUBRICANTS MARKET PROJECTIONS BASED ON DRIVING FACTORS AND COVID-19 IMPACT
    • PRIMARY DATA
      • BREAKDOWN OF PRIMARY INTERVIEWS
      • KEY INDUSTRY INSIGHTS
  • COVID-19 ASSESSMENT
    • COVID-19 HEALTH ASSESSMENT
    • COVID-19 ECONOMIC ASSESSMENT
      • COVID-19 ECONOMIC IMPACT-SCENARIO ASSESSMENT
  • IMPACT OF COVID-19 ON LUBRICANTS ECOSYSTEM
    • VALUE CHAIN OF LUBRICANTS INDUSTRY
    • KEY TAKEAWAYS
      • IMPACT ON TRANSPORTATION
      • IMPACT ON INDUSTRIAL APPLICATIONS
    • FACTORS DRIVING THE GROWTH
      • COVID-19 IMPACT: FACTORS DRIVING THE GROWTH
        • Table IMPLEMENTATION DATES OF EMISSION STANDARDS FOR LIGHT-DUTY VEHICLES IN CHINA
        • Table CRUDE OIL PRICE FORECAST
  • IMPACT OF COVID-19 ON LUBRICANTS MARKET, CUSTOMER ANALYSIS
    • CUSTOMERS
      • DISRUPTION IN THE AUTOMOTIVE INDUSTRY
        • Table AUTOMOTIVE COMPANIES ANNOUNCEMENTS
        • Table OPPORTUNITY ASSESSMENT - SHORT-TERM STRATEGIES TO MANAGE COST STRUCTURE AND SUPPLY CHAINS
      • DISRUPTION IN METAL & MINING INDUSTRY
        • Table MINING COMPANIES ANNOUNCEMENTS
        • Table OPPORTUNITY ASSESSMENT - SHORT-TERM STRATEGIES TO MANAGE COST STRUCTURE AND SUPPLY CHAINS
      • DISRUPTION IN THE CONSTRUCTION INDUSTRY
        • Table CONSTRUCTION COMPANIES ANNOUNCEMENTS
      • DISRUPTION IN THE OIL & GAS INDUSTRY
        • Table OIL & GAS COMPANIES ANNOUNCEMENTS
        • Table OPPORTUNITY ASSESSMENT - SHORT-TERM STRATEGIES TO MANAGE COST STRUCTURE AND SUPPLY CHAINS
  • COVID-19 IMPACT: SHORT-TERM STRATEGIES OF LUBRICANT COMPANIES
    • IMPACT ON LUBRICANT COMPANIES
      • ROYAL DUTCH SHELL PLC.
      • EXXONMOBIL CORPORATION
      • CHEVRON CORPORATION
      • BP PLC
      • TOTAL S.A.
      • PETROCHINA COMPANY LIMITED
      • SINOPEC LIMITED
      • JXTG GROUP
      • PETRONAS
      • PERTAMINA
      • GAZPROM NEFT
      • REPSOL SA
      • PHILLIPS 66
      • PETROBRAS
      • INDIAN OIL CORPORATION LIMITED (IOCL)
    • WINNING STRATEGIES TO OVERCOME THE SITUATION
      • STRATEGIES ADOPTED BY STAKEHOLDERS
    • MNM VIEWPOINT ON STRATEGIES TO OVERCOME THE SITUATION
  • IMPACT OF COVID-19 ON LUBRICANTS MARKET, BY PRODUCT TYPE
    • INTRODUCTION
      • Table LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2018-2021 (KILOTON)
      • Table LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2018-2021 (USD MILLION)
    • ENGINE OIL
      • Table ENGINE OIL: LUBRICANTS MARKET SIZE, BY REGION, 2018-2021 (KILOTON)
      • Table ENGINE OIL: LUBRICANTS MARKET SIZE, BY REGION, 2018-2021 (USD MILLION)
    • HYDRAULIC OIL
      • Table HYDRAULIC OIL: LUBRICANTS MARKET SIZE, BY REGION, 2018-2021 (KILOTON)
      • Table HYDRAULIC OIL: LUBRICANTS MARKET SIZE, BY REGION, 2018-2021 (USD MILLION)
    • METALWORKING FLUID
      • Table METALWORKING FLUID: LUBRICANTS MARKET SIZE, BY REGION, 2018-2021 (KILOTON)
      • Table METALWORKING FLUID: LUBRICANTS MARKET SIZE, BY REGION, 2018-2021 (USD MILLION)
    • GEAR OIL
      • Table GEAR OIL: LUBRICANTS MARKET SIZE, BY REGION, 2018-2021 (KILOTON)
      • Table GEAR OIL: LUBRICANTS MARKET SIZE, BY REGION, 2018-2021 (USD MILLION)
    • COMPRESSOR OIL
      • Table COMPRESSOR OIL: LUBRICANTS MARKET SIZE, BY REGION, 2018-2021 (KILOTON)
      • Table COMPRESSOR OIL: LUBRICANTS MARKET SIZE, BY REGION, 2018-2021 (USD MILLION)
    • GREASE
      • Table GREASE: LUBRICANTS MARKET SIZE, BY REGION, 2018-2021 (KILOTON)
      • Table GREASE: LUBRICANTS MARKET SIZE, BY REGION, 2018-2021 (USD MILLION)
    • TURBINE OIL
      • Table TURBINE OIL: LUBRICANTS MARKET SIZE, BY REGION, 2018-2021 (KILOTON)
      • Table TURBINE OIL: LUBRICANTS MARKET SIZE, BY REGION, 2018-2021 (USD MILLION)
    • OTHERS
      • Table OTHERS: LUBRICANTS MARKET SIZE, BY REGION, 2018-2021 (KILOTON)
      • Table OTHERS: LUBRICANTS MARKET SIZE, BY REGION, 2018-2021 (USD MILLION)
  • IMPACT OF COVID-19 ON LUBRICANTS MARKET, BY END-USE INDUSTRY
    • INTRODUCTION
      • Table LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2018-2021 (KILOTON)
      • Table LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2018-2021 (USD MILLION)
    • TRANSPORTATION
      • COMMERCIAL VEHICLE
        • Table LUBRICANTS MARKET SIZE IN COMMERCIAL VEHICLE, BY REGION, 2018-2021 (KILOTON)
        • Table LUBRICANTS MARKET SIZE IN COMMERCIAL VEHICLE, BY REGION, 2018-2021 (USD MILLION)
      • PASSENGER VEHICLE
        • Table LUBRICANTS MARKET SIZE IN PASSENGER VEHICLE, BY REGION, 2018-2021 (KILOTON)
        • Table LUBRICANTS MARKET SIZE IN PASSENGER VEHICLE, BY REGION, 2018-2021 (USD MILLION)
      • AVIATION
        • Table LUBRICANTS MARKET SIZE IN AVIATION INDUSTRY, BY REGION, 2018-2021 (KILOTON)
        • Table LUBRICANTS MARKET SIZE IN AVIATION INDUSTRY, BY REGION, 2018-2021 (USD MILLION)
      • MARINE
        • Table LUBRICANTS MARKET SIZE IN MARINE INDUSTRY, BY REGION, 2018-2021 (KILOTON)
        • Table LUBRICANTS MARKET SIZE IN MARINE INDUSTRY, BY REGION, 2018-2021 (USD MILLION)
      • RAILWAY
        • Table LUBRICANTS MARKET SIZE IN RAILWAY INDUSTRY, BY REGION, 2018-2021 (KILOTON)
        • Table LUBRICANTS MARKET SIZE IN RAILWAY INDUSTRY, BY REGION, 2018-2021 (USD MILLION)
    • INDUSTRIAL
      • CONSTRUCTION
        • Table LUBRICANTS MARKET SIZE IN CONSTRUCTION INDUSTRY, BY REGION, 2018-2021 (KILOTON)
        • Table LUBRICANTS MARKET SIZE IN CONSTRUCTION INDUSTRY, BY REGION, 2018-2021 (USD MILLION)
      • METAL & MINING
        • Table LUBRICANTS MARKET SIZE IN METAL & MINING INDUSTRY, BY REGION, 2018-2021 (KILOTON)
        • Table LUBRICANTS MARKET SIZE IN METAL & MINING INDUSTRY, BY REGION, 2018-2021 (USD MILLION)
      • CEMENT PRODUCTION
        • Table LUBRICANTS MARKET SIZE IN CEMENT PRODUCTION, BY REGION, 2018-2021 (KILOTON)
        • Table LUBRICANTS MARKET SIZE IN CEMENT PRODUCTION, BY REGION, 2018-2021 (USD MILLION)
      • POWER GENERATION
        • Table LUBRICANTS MARKET SIZE IN POWER GENERATION INDUSTRY, BY REGION, 2018-2021 (KILOTON)
        • Table LUBRICANTS MARKET SIZE IN POWER GENERATION INDUSTRY, BY REGION, 2018-2021 (USD MILLION)
      • AUTOMOBILE MANUFACTURING
        • Table LUBRICANTS MARKET SIZE IN AUTOMOBILE MANUFACTURING, BY REGION, 2018-2021 (KILOTON)
        • Table LUBRICANTS MARKET SIZE IN AUTOMOBILE MANUFACTURING, BY REGION, 2018-2021 (USD MILLION)
      • CHEMICAL
        • Table LUBRICANTS MARKET SIZE IN CHEMICAL INDUSTRY, BY REGION, 2018-2021 (KILOTON)
        • Table LUBRICANTS MARKET SIZE IN CHEMICAL INDUSTRY, BY REGION, 2018-2021 (USD MILLION)
      • OIL & GAS
        • Table LUBRICANTS MARKET SIZE IN OIL & GAS INDUSTRY, BY REGION, 2018-2021 (KILOTON)
        • Table LUBRICANTS MARKET SIZE IN OIL & GAS INDUSTRY, BY REGION, 2018-2021 (USD MILLION)
      • TEXTILE
        • Table LUBRICANTS MARKET SIZE IN TEXTILE INDUSTRY, BY REGION, 2018-2021 (KILOTON)
        • Table LUBRICANTS MARKET SIZE IN TEXTILE INDUSTRY, BY REGION, 2018-2021 (USD MILLION)
      • FOOD PROCESSING
        • Table LUBRICANTS MARKET SIZE IN FOOD PROCESSING INDUSTRY, BY REGION, 2018-2021 (KILOTON)
        • Table LUBRICANTS MARKET SIZE IN FOOD PROCESSING INDUSTRY, BY REGION, 2018-2021 (USD MILLION)
      • OTHERS
        • Table LUBRICANTS MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2018-2021 (KILOTON)
        • Table LUBRICANTS MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2018-2021 (USD MILLION)
  • IMPACT OF COVID-19 ON LUBRICANTS MARKET, BY REGION
    • INTRODUCTION
      • Table LUBRICANTS MARKET SIZE, BY REGION, 2018-2021 (KILOTON)
      • Table LUBRICANTS MARKET SIZE, BY REGION, 2018-2021 (USD MILLION)
    • APAC
      • APAC LUBRICANTS MARKET, BY COUNTRY
        • Table APAC: LUBRICANTS MARKET SIZE, BY COUNTRY, 2018-2021 (KILOTON)
        • Table APAC: LUBRICANTS MARKET SIZE, BY COUNTRY, 2018-2021 (USD MILLION)
      • APAC LUBRICANTS MARKET, BY PRODUCT TYPE
        • Table APAC: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2018-2021 (KILOTON)
        • Table APAC: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2018-2021 (USD MILLION)
      • APAC LUBRICANTS MARKET, BY END-USE INDUSTRY
        • Table APAC: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2018-2021 (KILOTON)
        • Table APAC: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2018-2021 (USD MILLION)
    • NORTH AMERICA
      • NORTH AMERICA LUBRICANTS MARKET, BY COUNTRY
        • Table NORTH AMERICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 2018-2021 (KILOTON)
        • Table NORTH AMERICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 2018-2021 (USD MILLION)
      • NORTH AMERICA LUBRICANTS MARKET, BY PRODUCT TYPE
        • Table NORTH AMERICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2018-2021 (KILOTON)
        • Table NORTH AMERICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2018-2021 (USD MILLION)
      • NORTH AMERICA LUBRICANTS MARKET, BY END-USE INDUSTRY
        • Table NORTH AMERICA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2018-2021 (KILOTON)
        • Table NORTH AMERICA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2018-2021 (USD MILLION)
    • EUROPE
      • EUROPE LUBRICANTS MARKET, BY COUNTRY
        • Table EUROPE: LUBRICANTS MARKET SIZE, BY COUNTRY, 2018-2021 (KILOTON)
        • Table EUROPE: LUBRICANTS MARKET SIZE, BY COUNTRY, 2018-2021 (USD MILLION)
      • EUROPE LUBRICANTS MARKET, BY PRODUCT TYPE
        • Table EUROPE: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2018-2021 (KILOTON)
        • Table EUROPE: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2018-2021 (USD MILLION)
      • EUROPE LUBRICANTS MARKET, BY END-USE INDUSTRY
        • Table EUROPE: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2018-2021 (KILOTON)
        • Table EUROPE: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2018-2021 (USD MILLION)
    • MIDDLE EAST & AFRICA
      • MIDDLE EAST & AFRICA LUBRICANTS MARKET, BY COUNTRY
        • Table MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 2018-2021 (KILOTON)
        • Table MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 2018-2021 (USD MILLION)
      • MIDDLE EAST & AFRICA LUBRICANTS MARKET, BY PRODUCT TYPE
        • Table MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2018-2021 (KILOTON)
        • Table MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2018-2021 (USD MILLION)
      • MIDDLE EAST & AFRICA LUBRICANTS MARKET, BY END-USE INDUSTRY
        • Table MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2018-2021 (KILOTON)
        • Table MIDDLE EAST & AFRICA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2018-2021 (USD MILLION)
    • SOUTH AMERICA
      • SOUTH AMERICA LUBRICANTS MARKET, BY COUNTRY
        • Table SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 2018-2021 (KILOTON)
        • Table SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY COUNTRY, 2018-2021 (USD MILLION)
      • SOUTH AMERICA LUBRICANTS MARKET, BY PRODUCT TYPE
        • Table SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2018-2021 (KILOTON)
        • Table SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY PRODUCT TYPE, 2018-2021 (USD MILLION)
      • SOUTH AMERICA LUBRICANTS MARKET, BY END-USE INDUSTRY
        • Table SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2018-2021 (KILOTON)
        • Table SOUTH AMERICA: LUBRICANTS MARKET SIZE, BY END-USE INDUSTRY, 2018-2021 (USD MILLION)
  • APPENDIX
    • KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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