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Global Base Oil Category - Procurement Market Intelligence Report

Global Base Oil Category - Procurement Market Intelligence Report

About Base Oil Market

The key growth contributors for the global base oil market is the growing demand synthetic lubricants. They provide better functionality due to their high viscosity index and oxidation stability compared with other base oils manufactured by using crude oil or hydroprocessing of mineral oils. These lubricants produced help to enhance the performance of machinery by providing high thermal stability and low friction when compared to lubricants made from mineral oils.

Covered in this report

The report provides actionable insights to improve source-to-contract cycle performance in the Global Base Oil Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.

SpendEdge’s report, Global Base Oil Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.

Category driver

  • High thermal stability and low friction
  • For a full, detailed list, view our report
Category constraints
  • Obtaining cost-effective inventory management solutions
  • For a full, detailed list, view our report
Procurement best practices
  • Use of analytical tools for demand and price forecasting
  • For a full, detailed list, view our report
Key questions answered in this report
  • What are the market dynamics?
  • What are the key market trends?
  • What are the category growth drivers?
  • What are the constraints to category growth?
  • Who are the suppliers in this market?
  • What are the demand-supply shifts?
  • What are the major category requirements?
  • What are the procurement best practices in this market?


Press Release

SpendEdge Announces the Publication of its Procurement Research Report – Global Base Oil Category - Procurement Market Intelligence Report 2017-2021.

SpendEdge recognizes the following companies as the key suppliers in the Global Base Oil Category - Procurement Market Intelligence Report: Exxon Mobil, Royal Dutch Shell, Total, Chevron, and China Petrochemical (Sinopec).

Commenting on the report, an analyst from SpendEdge said: “Buyers must procure base oil from suppliers that can assist in demand-supply and pricing forecasts over contract periods. The buyers should engage with suppliers that possess expertise in the use of analytical tools for demand and price forecasting.”

According to the report, one of the key growth contributors for the global base oil market is the growing demand synthetic lubricants. Synthetic lubricants are manufactured using base oils that are produced using a synthetic process. These synthetic base oils can be in the form of Group III, IV, or V base oils.

Further, the report states that a major procurement challenge faced by the buyers is the difficulty in availing inventory management solutions at cost-effective prices. The buyers must engage with suppliers that provide inventory management solutions to help the client lead to cost-effectiveness and higher profit margins.

Companies Mentioned

Exxon Mobil, Royal Dutch Shell, Total, Chevron, and China Petrochemical (Sinopec).

PART 1: CATEGORY AT A GLANCE
TAKEAWAY 01 | Market Overview
TAKEAWAY 02 | Demand and Supply Snapshot
TAKEAWAY 03 | Key Market Dynamics
TAKEAWAY 04 | Supply Market Highlights
TAKEAWAY 05 | Pricing Insights
TAKEAWAY 06 | Procurement Insights
PART 2: SCOPE OF THE REPORT
Category Definition
Research Methodology
PART 3: MARKET INSIGHTS
Category Spend Analysis
Category Maturity by Regions
Demand-Supply Shifts
Regional Demand-Supply Snapshot
Global Molasses Production Hubs
Market Developments
Regional Impact of Trends
Key Category Growth Drivers and Corresponding Regional Impacts
Major Category Growth Constraints and Corresponding Regional Impacts
Key Current Technological Innovations
Major Regulatory Frameworks
Strategic Sustainability Practices
Porter’s Five Forces
PESTLE Analysis
PART 4: SUPPLY MARKET INSIGHTS
Supplier Operational Capability Matrix
Other Prominent Suppliers by Region: Operational Capability Matrix
Supplier Functional Capability Matrix
Other Prominent Suppliers by Region: Functional Capability Matrix
Key Clients/Partners
Supplier Cost Breakup
Supplier Positioning Matrix
PART 5: PRICING INSIGHTS
Pricing Models Snapshot
Pricing Models – Pros and Cons
Indicative Pricing
PART 6: PROCUREMENT INSIGHTS
Major Category Requirements
Major Procurement Pain Points
Category Sourcing Evolution Matrix
Procurement Best Practices
Cost-saving Opportunities
Supplier Selection Criteria
Category Negotiation Strategies
SLA Terms
Supplier Evaluation Criteria
Category Risk Analysis
PART 7: TOP FIVE SUPPLIERS
Exxon mobil
Royal Dutch Shell
Total
Chevron
China Petrochemical (Sinopec)
PART 8: APPENDIX
Glossary
Key Notes
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