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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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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.
Note: Product cover images may vary from those shown
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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
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown