China Lubricants Market - Segmented by Product Type, End-User Industry, and Geography - Growth, Trends and Forecasts (2018 - 2023)

  • ID: 4536084
  • Report
  • Region: China
  • 83 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • Amsoil Inc.
  • Blaser Swisslube AG
  • Chevron Corporation
  • FUCHS
  • Lukoil Lubricants Company
  • Tongyi Lubricants
  • MORE
The China lubricant market is expected to register a CAGR of 3.74% during the forecast period, 2018-2023. The major factors driving the growth of the market are the increasing demand from automotive production and boosting demand from power generation 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.

Automotive Production Boosting the Engine Oil Demand

The growing middle class along with urbanization of Western China, has aided in increasing the demand and production of vehicles in the country. The country’s automotive sector has been shaping for product evolution, with the country focusing on manufacturing products, to ensure fuel economy, and minimizing emissions (owing to growing environmental concerns (due to mounting pollution in the country). This increasing production is the major factor contributing the growth of engine oil consumption in China.

Synthetic Lubricants a Potential Segment

Synthetic lubricants are expected to show great potential in China, especially in applications, such as automotive engine oils, power generation lubricants and metalworking fluids. The increasing demand for synthetic gear oils in wind turbines and also for achieving better efficiencies in aviation turbines are expected to create an opportunity for the growth of synthetic lubricants in China.

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 - Russian lubricants giant – Lukoil, has opened its first subsidiary in China in Urumqi and has announced its plans to further expand its footprint in the country

Major Players: Sinopec, BP Plc, Idemitsu Kosan Co. Ltd, JX Nippon Oil & Energy Corporation, Shandong Yuangen Petrochemical Co. Ltd, Petrochina, and Exxon Mobil Corporation, among others.

Reasons to Purchase this Report
  • Current and future scenario of the china lubricants market
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • Product type that is 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)
Customization of the Report

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Amsoil Inc.
  • Blaser Swisslube AG
  • Chevron Corporation
  • FUCHS
  • Lukoil Lubricants Company
  • Tongyi Lubricants
  • MORE
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- Porters Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition

4. Market Dynamics
4.1 Drivers
4.1.1 Growing Demand from the Automotive Industry
4.1.2 Increasing Production of Rubber and Plastics
4.2 Restraints
4.2.1 High Price of Synthetic & Bio-based Lubricants
4.2.2 Other Restraints
4.3 Opportunities
4.3.1 Increase in Demand for Re-refined Lubricant
4.3.2 Other Opportunities

5. Market Segmentation & Analysis (Market Size, Growth and Forecast)
5.1 By Product Type
5.1.1 Engine Oil
5.1.2 Transmission & Hydraulic Fluid
5.1.3 Metalworking Fluid
5.1.4 General Industrial Oil
5.1.5 Gear Oil
5.1.6 Greases
5.1.7 Process Oils
5.1.8 Others
5.2 By End-user Industry
5.2.1 Power Generation
5.2.2 Automotive & Other trans.
5.2.3 Heavy Equipment
5.2.4 Food & Beverage
5.2.5 Metallurgy & Metal Working
5.2.6 Chemical Manufacturing
5.2.7 Others

6. Future of the Market

7. Competitive Landscape
7.1 Mergers, Acquisition, Joint Ventures, Collaborations and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players

8. Company Profiles (Overview, Financials**, Products & Services, Recent Developments)
8.1 Amsoil Inc.
8.2 BECHEM
8.3 Blaser Swisslube AG
8.4 BP Plc
8.5 China National Petroleum Corporation (PetroChina)
8.6 China Petroleum & Chemical Corporation (Sinopec)
8.7 Chevron Corporation
8.8 Exxon Mobil Corporation
8.9 FUCHS
8.10 Idemitsu Kosan Co. Ltd
8.11 Jiangsu Lopal Tech Co. Ltd
8.12 JX Nippon Oil & Energy Corporation
8.13 Lukoil Lubricants Company
8.14 Petronas Lubricants International
8.15 Qingdao Compton Technology Co. Ltd.
8.16 Royal Dutch Shell PLC
8.17 Shandong Yuangen Petrochemical Co. Ltd
8.18 SK Lubricants
8.19 Tongyi Lubricants
8.20 Total Lubricants
*List not exhaustive

9. Disclaimer
**Subject to availability on public domain
Note: Product cover images may vary from those shown
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  • Amsoil Inc.
  • BECHEM
  • Blaser Swisslube AG
  • BP PLC
  • China National Petroleum Corporation (PetroChina)
  • China Petroleum & Chemical Corporation (Sinopec)
  • Chevron Corporation
  • Exxon Mobil Corporation
  • FUCHS
  • Idemitsu Kosan Co. Ltd
  • Jiangsu Lopal Tech Co. Ltd
  • JX Nippon Oil & Energy Corporation
  • Lukoil Lubricants Company
  • Petronas Lubricants International
  • Qingdao Compton Technology Co. Ltd.
  • Royal Dutch Shell PLC S.A.dong Yuangen Petrochemical Co. Ltd
  • SK Lubricants
  • Tongyi Lubricants
  • Total Lubricants
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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