Lubricants and Other Petroleum Product Manufacturing in Australia - Industry Market Research Report

A rough time: Demand volatility due to the COVID-19 outbreak has reduced industry revenue

Lubricants and other petroleum product manufacturers further refine heavy and light oil components into various petroleum-based products using oil and grease base stocks with key products such as lubricating oils and greases, bitumen and aromatic hydrocarbons. Some players also distil coal to produce coke and coal tar. Industry products are used to construct roads; run vehicles, machinery and equipment; and in general manufacturing. Therefore, various external factors influence the industry's performance, including developments in the upstream petroleum refining and coal mining sectors and in key downstream user industries such as mining, construction and various manufacturing industries. The industry has been adversely affected by the downsizing of Australia's refining sector over the past five years, with the number of refineries halving in 2021-22 to two. Ongoing structural changes in Australia's industrial base have also had adverse implications for industry participants. Mixed operating conditions in the Iron Smelting and Steel Manufacturing industry have also flowed through to the industry, as the production of coke is integral to iron and steel production.

The industry produces a range of petroleum and lubricant products manufactured using base stocks consisting of oil, grease and organic compounds. These products include automotive oils, other transport oils, industrial oils, greases and other lubricants. Industry firms also manufacture bituminous materials and coal products, such as petroleum coke and coal coke.

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.