Lubricants

  • ID: 4533007
  • Report
  • 380 Pages
  • The Freedonia Group
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Lubricants

The US lubricants market will grow under one percent annually through 2020, reaching 2.4 billion gallons with a market valuation of $23.5 billion. Gains will be driven by rising levels of manufacturing output. Volume growth, however, will be limited by improvements in lubricant technology that permit products with extended drain intervals.

This report segments the lubricants industry by product, market, and formulation. Additionally, the study discusses lubricant base stock demand by type, including petroleum, synthetic, bio-based, and re-refined. Data are provided in gallons with selected data also provided in dollars.

Lubricant products include:

Engine Oils -- Motor Vehicle Engine Oils; Other Engine Oils

Gear Oils -- Industrial Gear Oils; Vehicle & Equipment Gear Oils

General Industrial Oils -- Turbine Oils; Other General Industrial Oils

Greases -- Industrial Greases; Vehicle & Equipment Greases

Metalworking Fluids

Process Oils -- Electrical Oils; Rubber Oils; White Oils

Transmission & Hydraulic Fluids -- Automatic Transmission Fluid;

Industrial Hydraulic Fluid; Tractor Hydraulic Fluid (Universal Tractor Fluid)

Engine oils will remain the largest of these through 2020, accounting for 46% of the market. Fastest growth will be for process oils, driven by rising production in the rubber processing industry.

Major lubricant markets include:

Commercial/Industrial -- Agriculture; Construction; Electricity Generation; Oil & Gas Production

Light Vehicle

Transportation Equipment -- Aerospace Equipment; Heavy-Duty Trucks & Buses; Marine Equipment; Railroad Equipment

Durable Goods Manufacturing -- Machinery; Metals; Transportation Equipment

Nondurable Goods Manufacturing -- Chemicals; Cosmetics & Toiletries; Food & Beverages; Paper & Textiles; Plastics & Rubber

The light vehicle market is the leading outlet for lubricants, accounting for 33% of demand in 2015. The most rapid gains through 2020 are forecast for the durable goods manufacturing market, fueled by expanded machinery production.

Lubricant formulation types include:

Conventional

Synthetic

Bio-based

Re-refined

Conventional formulations remained the largest category in 2015. Going forward, biobased lubricants will see the fastest gains, benefiting from advancing technology and low market penetration.

Lubricant producers include multinational oil conglomerates and major chemical manufacturers as well as numerous smaller, independent companies. Major lubricant producers include Ashland, BP, Calumet, Chevron, ExxonMobil, Houghton, Phillips 66, Shell, and Warren Oil.
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INTRODUCTION
I. EXECUTIVE SUMMARY
II. MARKET ENVIRONMENT
General
Macroeconomic Outlook
Manufacturing Outlook
Consumer Spending Outlook
Motor Vehicle Outlook
Crude Oil & Refined Petroleum Products Outlook
Lubricant Additives Overview
Historical Market Trends
Pricing Trends
Environmental & Regulatory Issues
Biobased Lubricants
Recycling
Re-Refining
Motor Vehicle Lubricant Classification & Testing
Foreign Trade
International Activity
III. LUBRICANT BASESTOCKS
General
Petroleum Base Oils
Petroleum Base Oil Supply & Demand
Refining Capacity
Nonconventional Basestocks
Synthetic Base Fluids
Re-Refined Base Oils
Biobased Oils
IV. PRODUCTS
General
Lubricant Formulations
Conventional
Synthetic
Re-Refined
Biobased
Engine Oils
Motor Vehicle Engine Oil Demand
Light Vehicle Engine Oil Viscosity Grades
Other Engine Oils
Transmission & Hydraulic Fluids
Industrial Hydraulic Fluids
Automatic Transmission Fluids
Tractor Hydraulic & Transmission Fluids
Other Transmission and Hydraulic Fluids
Process Oils
Rubber Oils
White Oils
Electrical Oils
Other Process Oils
Metalworking Fluids
Product Characteristics
Suppliers
General Industrial Oils
Turbine Oils
Other General Industrial Oils
Gear Oils
Vehicle & Equipment Gear Oils
Industrial Gear Oils
Greases
Industrial Greases
Vehicle & Equipment Greases
V. MARKETS
General
Light Vehicles
Light Vehicle Industry Outlook
Light Vehicle Lubricant Demand
Engine Oils
Automatic Transmission Fluids
Other Lubricants
Light Vehicle Engine Oil Outlets
Professional
DIY
Factory Fill
Commercial & Industrial
Agriculture
Agriculture Industry Outlook
Agriculture Lubricant Demand
Electricity Generation
Electricity Generation Industry Outlook
Electricity Generation Lubricant Demand
Construction
Construction Industry Outlook
Construction Industry Lubricant Demand
Oil & Gas Production
Oil & Gas Lubricant Demand
Other Commercial & Industrial Markets
Nondurable Goods Manufacturing
Plastics & Rubber
Plastics & Rubber Industry Outlook
Plastics & Rubber Lubricant Demand
Food & Beverages
Food & Beverage Industry Outlook
Food & Beverage Lubricant Demand
Cosmetics & Toiletries
Cosmetic & Toiletry Industry Outlook
Cosmetic & Toiletry Lubricant Demand
Chemicals
Chemical Industry Outlook
Chemical Industry Lubricant Demand
Paper & Textiles
Paper & Textile Industry Outlook
Paper & Textile Lubricant Demand
Other Nondurable Goods Manufacturing
Transportation Equipment
Heavy-Duty Trucks & Buses
Heavy-Duty Truck & Bus Industry Outlook
Heavy-Duty Truck & Bus Lubricant Demand
Marine Equipment
Waterborne Commerce Industry Outlook
Marine Lubricant Demand
Railroad Equipment
Railroad Industry Outlook
Railroad Lubricant Demand
Aerospace Equipment
Aerospace Industry Outlook
Aerospace Lubricant Demand
Other Transportation Equipment
Durable Goods Manufacturing
Machinery
Machinery Production Outlook
Machinery Production Lubricant Demand
Transportation Equipment Manufacturing
Transportation Equipment Industry Outlook
Transportation Equipment OEM Lubricant Demand
Metals
Metal Products Industry Outlook
Metal Production Lubricant Demand
Other Durable Goods Manufacturing
VI. INDUSTRY STRUCTURE
General
Industry Composition
Market Share
Acquisitions & Divestitures
Competitive Strategies
Low Cost Production
Strategic Partnerships
Marketing
Industrial Lubricant Marketing Strategies
Automotive Lubricant Marketing Strategies
Brand Name Recognition
Sports Sponsorship
Distribution
Refining & Blending
Company Profiles
Albemarle Corporation
AMSOIL Incorporated
Ashland Incorporated
Bel-Ray, see Calumet Specialty Products Partners
BP plc
Calumet Specialty Products Partners LP
Castrol Industrial North America, see BP
Chemetall US, see Albemarle
Chemours Company
Chemtronics, see Illinois Tool Works
Chemtura Corporation
Chevron Corporation
Chevron Phillips Chemical Company LLC
CIMCOOL Industrial Products, see Milacron Holdings
CITGO Petroleum, see Petróleos de Venezuela
Clean Harbors Incorporated
CPChem, see Chevron Phillips Chemical
Croda International plc
Cross Oil Refining & Marketing, see Martin Resource
Management
Dow Chemical Company
DuPont (EI) de Nemours
ECLI Products, see Quaker Chemical
Eastman Chemical Company
Ergon Incorporated
Excel Paralubes, see Phillips 66
Exxon Mobil Corporation
FUCHS Petrolub AG
Heartland Group Holdings, see Vertex Energy
Henkel AG & Company KGaA
Heritage-Crystal Clean Incorporated
HollyFrontier Corporation
Houghton International Incorporated
Houston Refining, see LyondellBasell Industries
Illinois Tool Works Incorporated
ITW Pro Brands, see Illinois Tool Works
Jiffy Lube International, see Royal Dutch Shell
Kleen Performance Products, see Clean Harbors
LyondellBasell Industries NV
Martin Lubricants, see Martin Midstream Partners
Martin Midstream Partners LP
Martin Resource Management Corporation
Mega Lubricants, see Martin Midstream Partners
Milacron Holdings Corporation
Motiva Enterprises, see Royal Dutch Shell
Oak International, see Milacron Holdings
PBF Energy Incorporated
Petro-Canada Lubricants, see Suncor Energy
Petróleos de Venezuela SA
Phillips 66
Process Oils, see Ergon
Quaker Chemical Corporation
Renewable Lubricants Incorporated
Royal Dutch Shell plc
Royal Purple, see Calumet Specialty Products Partners
Safety-Kleen Systems, see Clean Harbors
San Joaquin Refining Company Incorporated
Shell Oil, see Royal Dutch Shell
Sonneborn LLC
Spectrum, see Phillips 66
Suncor Energy Incorporated
Thermo Fluids, see Clean Harbors
Total SA
TruSouth Oil, see Calumet Specialty Products Partners
United Petroleum, see Calumet Specialty Products Partners
Valero Energy Corporation
Valvoline, see Ashland
Vertex Energy Incorporated
Warren Oil Company Incorporated
Additional Companies Mentioned in Study
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
Summary Table
SECTION II -- MARKET ENVIRONMENT
1 Macroeconomic Indicators
2 Manufacturers’ Shipments
3 Personal Consumption Expenditures
4 Motor Vehicle Indicators
5 Oil & Gas Production & Consumption
6 Lubricant Market, 2005-2015
7 Selected Lubricant Pricing
8 US Finished Lubricant Foreign Trade
SECTION III -- LUBRICANT BASESTOCKS
1 Lubricant Basestock Demand
2 Petroleum Base Oil Supply & Demand
3 US Petroleum Base Oil Refining Capacity by Company, 2015
4 Nonconventional Basestock Demand
SECTION IV -- PRODUCTS
1 Lubricant Demand by Type
2 Lubricant Demand by Formulation
3 Conventional Lubricant Demand
4 Synthetic Lubricant Demand
5 Re-Refined Lubricant Demand
6 Biobased Lubricant Demand
7 Engine Oil Demand
8 Motor Vehicle Engine Oil Demand by Type
9 Light Vehicle Engine Oil Demand by Viscosity Grade
10 Other Engine Oil Demand
11 Transmission & Hydraulic Fluid Demand
12 Industrial Hydraulic Fluid Demand
13 Automatic Transmission Fluid Demand
14 Tractor Hydraulic Fluid Demand
15 Other Transmission & Hydraulic Fluid Demand
16 Process Oil Demand
17 Rubber Oil Demand
18 White Oil Demand
19 Electrical Oil Demand
20 Other Process Oil Demand
21 Metalworking Fluid Demand
22 General Industrial Oil Demand
23 Turbine Oil Demand
24 Other General Industrial Oil Demand
25 Gear Oil Demand
26 Grease Demand
SECTION V -- MARKETS
1 Lubricant Demand by Market
2 Light Vehicle Indicators
3 Light Vehicle Lubricant Demand by Type
4 Light Vehicle Engine Oil Demand by Outlet
5 Commercial & Industrial Lubricant Demand
6 Agricultural Indicators
7 Agricultural Lubricant Demand
8 Electricity Generation
9 Electricity Generation Lubricant Demand
10 Construction Expenditures
11 Construction Industry Lubricant Demand
12 Oil & Gas Lubricant Demand
13 Other Commercial & Industrial Lubricant Demand
14 Nondurable Goods Lubricant Demand
15 Plastics & Rubber Demand
16 Plastics & Rubber Lubricant Demand
17 Food & Beverage Shipments
18 Food & Beverage Lubricant Demand
19 Cosmetic & Toiletry Supply & Demand
20 Cosmetic & Toiletry Lubricant Demand
21 Chemical Product Shipments
22 Chemical Industry Lubricant Demand
23 Paper & Textile Product Shipments
24 Paper & Textile Lubricant Demand
25 Other Nondurable Goods Manufacturing Lubricant Demand
26 Transportation Equipment Lubricant Demand
27 Heavy-Duty Truck & Bus Indicators
28 Heavy-Duty Truck & Bus Lubricant Demand
29 Waterborne Commerce Indicators
30 Marine Lubricant Demand
31 Railroad Transportation Indicators
32 Railroad Lubricant Demand
33 Aircraft in Service
34 Aerospace Lubricant Demand
35 Other Transportation Equipment Lubricant Demand
36 Durable Goods Lubricant Demand
37 Machinery Shipments
38 Machinery Production Lubricant Demand
39 Transportation Equipment Shipments
40 Transportation Equipment OEM Lubricant Demand
41 Metal Product Shipments
42 Metal Production Lubricant Demand
43 Other Durable Goods Manufacturing Lubricant Demand
SECTION VI -- INDUSTRY STRUCTURE
1 US Lubricant Sales by Company, 2015
2 Selected Acquisitions & Divestitures
3 Selected Cooperative Agreements
LIST OF CHARTS
SECTION II -- MARKET ENVIRONMENT
1 Lubricant Market, 2005-2015
SECTION III -- LUBRICANT BASESTOCKS
1 Lubricant Production Flowchart
2 Petroleum Base Oil Refining Flowchart
3 Petroleum Base Oil Demand by Type, 2005-2025
4 US Petroleum Base Oil Refining Capacity by Company, 2015
SECTION IV -- PRODUCTS
1 Lubricant Demand by Type, 2015
2 Lubricant Demand by Formulation, 2015
3 Light Vehicle Engine Oil Demand by Viscosity Grade, 2005-2025
4 Transmission & Hydraulic Fluid Demand by Type, 2015
5 Process Oil Demand by Type, 2015
SECTION V -- MARKETS
1 Lubricant Demand by Market, 2015
2 Commercial & Industrial Lubricant Demand by Market, 2015
3 Nondurable Goods Lubricant Demand by Market, 2015
4 Transportation Equipment Lubricant Demand by Market, 2015
5 Durable Goods Lubricant Demand by Market, 2015
SECTION VI -- INDUSTRY STRUCTURE
1 US Finished Lubricant Market Share, 2015
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