Market Research Logo

Global Lubricants Market - Segmented by Group, Base Stock, Product Type, End-user Industry, and Geography - Growth, Trends, and Forecast (2018 - 2023)

Global Lubricants Market - Segmented by Group, Base Stock, Product Type, End-user Industry, and Geography - Growth, Trends, and Forecast (2018 - 2023)

The global lubricant market is expected to register a CAGR of 2.18% during the forecast period, 2018-2023. One of the major factors driving the growth of the global market is the growing automotive production Asia-Pacific and Europe, especially in countries, such as India, United Kingdom, Italy, France, and Indonesia. Additionally, the growing demand for and usage of high-performance lubricants (owing to their better and improved properties, such as reduced flammability, reduced gear wear, and increased service life), is also driving the growth of the market, as the aforementioned properties, make these lubricants suitable for high temperature applications.

Lubricants are majorly used in the industrial sector for the proper functioning of machines. They are also used in automobile for smooth functioning and longevity of engines and other components. Lubricants are available in liquid, semi-fluid, or solid state, and possess various characteristics, such as, high viscosity index, high level of thermal stability, low freezing point, and high boiling point, all of which help to reduce friction between surfaces of machine parts and the rate of wear, without compromising operational efficiency.

Manufacturing Sector Supporting the Lubricant Consumption

The consumption of industrial lubricants is rising steadily owing to increasing consumption from manufacturing sectors. The Asia-Pacific region, presently, is a major hub for manufacturing, led by China. Other Asian countries leading in the manufacturing sector include Indonesia, Thailand, the Philippines, Vietnam, and Singapore. FDI inflow to Asia is estimated to be increased by nearly 15% in 2017, to USD 515 billion, this is mostly a result of the renewed policy efforts by the countries in this region. The FDI inflow to Asian countries was at its peak value of USD 524 billion in the year 2015, which was a moderate value in the year 2016. This robust growth in the manufacturing activities in the region is expected to create a surge in the demand for lubricants, during the forecast period.

Increasing Drain Intervals for Lubricants

The chemistry and technology involved in the production of lubricants have undergone a tremendous change in the recent times. With the introduction of long lasting high-performance lubricants, as well as developments in machining technologies, the interval for oil change has extended almost by 100%. The tradition of changing oil for every 3,000 miles has changed to 7,500 to 10,000 miles for passenger cars. For instances, 60 years ago, the typical oil change interval for a truck was between 500-1,000 miles. But, with the advancement in the lubricant technology, the oil change interval has come to 50,000 miles and is to increase further. This would directly decrease the volumes of lubricants used for automotive, as well as industrial purposes.

Notable Developments in the Market

October 2017 - Maoming Haihe Chemical Co., formerly known as Maoming Dazetian; opened the first Group I plant in the past 20 yrs and the plant was operational by the end of 2017

August 2017 - Sinochem, a state-owned Chinese chemical company, announced its plans to sell finished lubricants by the end of the year

July 2017 - ExxonMobil Corporation entered an agreement with GE, for the supply of lubricants for GE’s Jenbacher gas engines

May 2017 - Total Lubricants and CLAAS, a major player in the agriculture machinery industry, renewed their partnership until 2021 for the supply of after-sale lubricants

Major Players:Royal Dutch Shell Plc, Exxonmobil, BP Plc, Total, Chevron, FUCHS, Sinopec, Lukoil, Valvoline, Pt Pertamina, and Petrobras, among others.

Reasons to Purchase this Report

Current and future of the global lubricant market in the developed and emerging markets

Analyzing various perspectives of the market with the help of Porter’s five forces analysis

The end-user segment that is expected to dominate the market

Countries that are expected to witness fastest growth during the forecast period

Identifying the latest developments, market shares, and strategies employed by the major market players

3-month analyst support, along with the Market Estimate sheet (in Excel)

Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.

1. Introduction
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter's Five Forces Model
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Buyers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products
3.2.5 Degree of Competition
3.3 Regulatory Policy Analysis
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
5. Market Segmentation & Analysis (Market Size, Growth and Forecast)
5.1 By Group
5.1.1 Group I
5.1.2 Group II
5.1.3 Group III
5.1.4 Group IV
5.1.5 Group V
5.2 By Base Stock
5.2.1 Bio-Based Lubricants
5.2.2 Mineral Oil Lubricants
5.2.3 Synthetic Lubricants
5.2.4 Semi-synthetic Lubricants
5.3 By Product Type
5.3.1 Engine Oil Light Motor Vehicle Engine Oil Heavy duty Motor Vehicle Engine Oil
5.3.2 Transmission & Hydraulic Fluids Industrial Hydraulic Fluids Automatic Transmission Fluids
5.3.3 Metalworking Fluids
5.3.4 General Industrial Oils Turbine Oil Compressor & Refrigeration Oil Electrical Oil
5.3.5 Gear Oil Transportation Gear Oils Industrial Gear Oils
5.3.6 Greases Industrial Transportation
5.3.7 Process Oils White Oil Rubber Oil Others
5.3.8 Others
5.4 By End-user Industry
5.4.1 Power Generation
5.4.2 Automotive & Other Transportation
5.4.3 Heavy Equipment
5.4.4 Food & Beverage
5.4.5 Metallurgy & Metal Working
5.4.6 Chemical Manufacturing
5.4.7 Others
6. Regional Market Analysis (Market Size, Growth and Forecast)
6.1 Asia-Pacific
6.1.1 China
6.1.2 India
6.1.3 Japan
6.1.4 South Korea
6.1.5 Philippines
6.1.6 Indonesia
6.1.7 Malaysia
6.1.8 Thailand
6.1.9 Vietnam
6.1.10 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.2 Canada
6.2.3 Mexico
6.2.4 Rest of North America
6.3 Europe
6.3.1 Germany
6.3.2 United Kingdom
6.3.3 Italy
6.3.4 France
6.3.5 Russia
6.3.6 Turkey
6.3.7 Rest of Europe
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Colombia
6.4.4 Chile
6.4.5 Rest of South America
6.5 Middle-East
6.5.1 Saudi Arabia
6.5.2 Iran
6.5.3 Iraq
6.5.4 UAE
6.5.5 Rest of Middle-East
6.6 Africa
6.6.1 Egypt
6.6.2 South Africa
6.6.3 Nigeria
6.6.4 Algeria
6.6.5 Morocco
6.6.6 Rest of Africa
7. Future of Lubricants Market
8. Competitive Landscape
8.1 Mergers, Acquisitions, Joint Ventures, Collaborations & Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
9.1 Amsoil Inc.
9.4 Bharat Petroleum Corporation Limited
9.5 BP Plc
9.6 Blaser Swisslube AG
9.7 Caltex Australia Group
9.8 China National Petroleum Corporation (PetroChina)
9.9 China Petroleum & Chemical Corporation (Sinopec)
9.10 Chemtura Corporation
9.11 Chevron U.S.A. Inc.
9.12 Eni S.p.A.
9.13 Exxon Mobil Corporation
9.14 FUCHS
9.15 Gazprom Neft PJSC
9.16 GULF OIL Corporation Limited
9.17 HPCL
9.18 Idemitsu Kosan Co.,Ltd
9.19 Indian Oil Corporation Ltd
9.20 ITW (ROCOL)
9.21 JX Nippon Oil & Energy Corporation
9.22 Klüber Lubrication
9.23 LUKOIL Lubricants Company
9.24 Motul
9.25 Pertamina
9.26 Petrobras
9.27 PETROFER CHEMIE H. R. Fischer GmbH + Co. KG
9.28 PETRONAS Lubricants International
9.29 Phillips 66 Lubricants
9.30 Repsol S.p.A
9.31 Royal Dutch Shell Plc.
9.32 SK Lubricants
9.33 Tide Water Oil Co. (India) Ltd.
9.35 Valvoline LLC
*List not exhaustive
10. *Disclaimer
**Subject to availability on public domain

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report