1. Market Research
  2. > Chemical Market Trends

World Lubricant Market

  • December 2015
  • 469 pages
  • Freedonia
Report ID: 1592819

Summary

Table of Contents

This reports presents historical demand data (2004, 2009 and 2014) plus forecasts (2019 and 2024) by formulation, product and market for six world regions and 23 major countries. The study also considers key market environment factors, evaluates company market share and profiles global industry players

World demand to rise 2% annually through 2019

World demand for lubricants is projected to rise two percent yearly through 2019. The fastest gains are expected in the Asia/ Pacific region, where a greater number of motor vehicles in use and continued industrialization in large countries such as China and India will support rising demand for lubricants. Developing regions such as Central and South America and the Africa/Mideast region will also post healthy gains in response to economic growth, rising manufacturing output, and increasing motor vehicle production and ownership rates. More mature markets, such as Western Europe, Japan and the United States, are expected to stay fairly flat through 2019, as a greater availability of premium lubricant products with longer drain intervals will curb growth. Additionally, many of these developed countries enforce strict regulations on the use and disposal of lubricants, which will fuel demand for more environmentally friendly bio-based lubricants, as well as the increased use of lubricants derived from re-refined base oils.

Longer drain intervals to temper growth in engine oils

As motor vehicles continue to account for the majority of lubricant demand, rising motor vehicle ownership rates in developing countries will support increasing demand for engine oils. However, these advances will be tempered by motor vehicle manufacturer efforts to lengthen drain intervals in the motor vehicle aftermarket. Similar trends will also be evident in off-highway and stationary markets where engine manufacturers will demand higher performing lubricants capable of protecting engines in extreme environments, and with longer drain intervals, in order to facilitate reduced maintenance costs for their customers.

Process oils to be fastest growing product category

Process oils are expected to be the fastest growing product category going forward, supported by gains in manufacturing output, particularly in the Asia/Pacific region and other industrializing regions. Additionally, because process oils are often a component of a finished manufactured product, it is difficult to reduce their volume usage even as quality improves due to increasingly stringent performance requirements. Demand for hydraulic fluids, metalworking fluids, and other lubricants will also be positively impact ed by improving economic conditions and rising manufacturing output in developing regions, although gains will be more limited than those seen in the process oil category. Bio-based hydraulic and metalworking fluids will exhibit healthy gains as these products can meet environmental and safety regulations.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Not Cellular/Reinforced Plastic Sheet, Plate and Film Markets in the World to 2021 - Market Size, Development, and Forecasts

  • $ 26321
  • Industry report
  • July 2017
  • by Global Research & Data Services

The report package Not Cellular/Reinforced Plastic Sheet, Plate and Film Markets in the World to 2021 - Market Size, Development, and Forecasts offers the most up-to-date industry data on the actual market ...

Flexible Plastic Pipe, Tube and Hose Markets in the World to 2021 - Market Size, Development, and Forecasts

  • $ 26321
  • Industry report
  • July 2017
  • by Global Research & Data Services

The report package Flexible Plastic Pipe, Tube and Hose Markets in the World to 2021 - Market Size, Development, and Forecasts offers the most up-to-date industry data on the actual market situation, and ...

Plastic Pipe, Tube and Hose Markets in the World to 2021 - Market Size, Development, and Forecasts

  • $ 26321
  • Industry report
  • July 2017
  • by Global Research & Data Services

The report package Plastic Pipe, Tube and Hose Markets in the World to 2021 - Market Size, Development, and Forecasts offers the most up-to-date industry data on the actual market situation, and future ...


ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.