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US Lubricant Market

  • April 2016
  • -
  • Freedonia
  • -
  • 380 pages

Study coverage

Lubricants presents historical demand data (2005, 2010 and 2015) and forecasts (2020 and 2025) by basestock, formulation, product and market. The study also considers market environment factors, details the industry structure, evaluates company market share and profiles 39 US industry competitors.

US demand to approach 2.5 billion gallons in 2020

US demand for lubricants will rise slowly through 2020, with advances in industrial applications offsetting continued declines in light vehicle lubricant demand. Despite its maturity, the US lubricant industry will continue to experience significant change. The introduction of new standards and technologies, evolving regulatory requirements, and increasing customer demands for longer lasting, high performance products will all have an impact on base stock selection and supply, product formulation, and consumption trends. In general, growth in the US lubricant industry will be broad-based, with all major product types experiencing increases despite the trend toward lengthening fluid change intervals.

Motor vehicle market to continue declining

According to Lubricants, a new report from The Freedonia Group, the US motor vehicle industry is undergoing a period of technological innovation and development, driven in part by federal regulations that require vehicle manufacturers to increase the fuel efficiency of their fleets. New smaller, but still more powerful engines will increasingly require engine oils made from advanced basestocks and additive packages. At the same time, vehicle manufacturer efforts to reduce maintenance needs by lengthening engine oil and transmission fluid drain intervals will have a dampening effect on lubricant demand. This will be most apparent in the light vehicle market where declines in lubricant consumption will continue throughout the forecast period. However, these trends will also restrain demand growth in the medium- and heavy- duty, as well as off-road, vehicle markets.

Commercial, industrial markets to fare better

Lubricant demand in commercial and industrial applications will fare better, with efficiency improvements offset by higher output levels. At the same time, advances in manufacturing processes will require lubricants that can stand up to more severe operating environments. While this will lead to the increased adoption of more advanced API Group II and III, as well as synthetic, basestocks, lubricant formulators will also need to contend with federal efforts to further restrict and remove from market the use of chlorinated paraffins.

Process oils to have best growth prospects

Freedonia projects that process oils will have the best growth prospects based on their direct consumption during the production process. Metalworking fluids will also experience above average growth, reflecting continued gains in motor vehicle production and the manufacturing sector as a whole. Many products will also increasingly make use of re-refined and biobased basestocks, reflecting state and federal efforts to increase the environmental friendliness of the lubricant industry.

Table Of Contents

US Lubricant Market
INTRODUCTION


EXECUTIVE SUMMARY


MARKET ENVIRONMENT


General


Macroeconomic Outlook


Manufacturing Outlook


Consumer Spending Outlook


Motor Vehicle Outlook


Crude Oil and Refined Petroleum Products Outlook


Lubricant Additives Overview


Historical Market Trends


Pricing Trends


Environmental and Regulatory Issues


Biobased Lubricants


Recycling


Re-Refining


Motor Vehicle Lubricant Classification and Testing


Foreign Trade


International Activity


LUBRICANT BASESTOCKS


General


Petroleum Base Oils


Petroleum Base Oil Supply and Demand


Refining Capacity


Nonconventional Basestocks


Synthetic Base Fluids


Re-Refined Base Oils


Biobased Oils


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 and Hydraulic Fluids


Industrial Hydraulic Fluids


Automatic Transmission Fluids


Tractor Hydraulic and 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 and Equipment Gear Oils


Industrial Gear Oils


Greases


Industrial Greases


Vehicle and Equipment Greases


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 and 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 and Gas Production


Oil and Gas Lubricant Demand


Other Commercial and Industrial Markets


Nondurable Goods Manufacturing


Plastics and Rubber


Plastics and Rubber Industry Outlook


Plastics and Rubber Lubricant Demand


Food and Beverages


Food and Beverage Industry Outlook


Food and Beverage Lubricant Demand


Cosmetics and Toiletries


Cosmetic and Toiletry Industry Outlook


Cosmetic and Toiletry Lubricant Demand


Chemicals


Chemical Industry Outlook


Chemical Industry Lubricant Demand


Paper and Textiles


Paper and Textile Industry Outlook


Paper and Textile Lubricant Demand


Other Nondurable Goods Manufacturing


Transportation Equipment


Heavy-Duty Trucks and Buses


Heavy-Duty Truck and Bus Industry Outlook


Heavy-Duty Truck and 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


INDUSTRY STRUCTURE


General


Industry Composition


Market Share


Acquisitions and Divestitures


Competitive Strategies


Low Cost Production


Strategic Partnerships


Marketing


Industrial Lubricant Marketing Strategies


Automotive Lubricant Marketing Strategies


Brand Name Recognition


Sports Sponsorship


Distribution


Refining and 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 and 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 and 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


EXECUTIVE SUMMARY


Summary Table


MARKET ENVIRONMENT


Macroeconomic Indicators


Manufacturers' Shipments


Personal Consumption Expenditures


Motor Vehicle Indicators


Oil and Gas Production and Consumption


Lubricant Market, 2005-2015


Selected Lubricant Pricing


US Finished Lubricant Foreign Trade


LUBRICANT BASESTOCKS


Lubricant Basestock Demand


Petroleum Base Oil Supply and Demand


US Petroleum Base Oil Refining Capacity by Company, 2015


Nonconventional Basestock Demand


PRODUCTS


Lubricant Demand by Type


Lubricant Demand by Formulation


Conventional Lubricant Demand


Synthetic Lubricant Demand


Re-Refined Lubricant Demand


Biobased Lubricant Demand


Engine Oil Demand


Motor Vehicle Engine Oil Demand by Type


Light Vehicle Engine Oil Demand by Viscosity Grade


Other Engine Oil Demand


Transmission and Hydraulic Fluid Demand


Industrial Hydraulic Fluid Demand


Automatic Transmission Fluid Demand


Tractor Hydraulic Fluid Demand


Other Transmission and Hydraulic Fluid Demand


Process Oil Demand


Rubber Oil Demand


White Oil Demand


Electrical Oil Demand


Other Process Oil Demand


Metalworking Fluid Demand


General Industrial Oil Demand


Turbine Oil Demand


Other General Industrial Oil Demand


Gear Oil Demand


Grease Demand


MARKETS


Lubricant Demand by Market


Light Vehicle Indicators


Light Vehicle Lubricant Demand by Type


Light Vehicle Engine Oil Demand by Outlet


Commercial and Industrial Lubricant Demand


Agricultural Indicators


Agricultural Lubricant Demand


Electricity Generation


Electricity Generation Lubricant Demand


Construction Expenditures


Construction Industry Lubricant Demand


Oil and Gas Lubricant Demand


Other Commercial and Industrial Lubricant Demand


Nondurable Goods Lubricant Demand


Plastics and Rubber Demand


Plastics and Rubber Lubricant Demand


Food and Beverage Shipments


Food and Beverage Lubricant Demand


Cosmetic and Toiletry Supply and Demand


Cosmetic and Toiletry Lubricant Demand


Chemical Product Shipments


Chemical Industry Lubricant Demand


Paper and Textile Product Shipments


Paper and Textile Lubricant Demand


Other Nondurable Goods Manufacturing Lubricant Demand


Transportation Equipment Lubricant Demand


Heavy-Duty Truck and Bus Indicators


Heavy-Duty Truck and Bus Lubricant Demand


Waterborne Commerce Indicators


Marine Lubricant Demand


Railroad Transportation Indicators


Railroad Lubricant Demand


Aircraft in Service


Aerospace Lubricant Demand


Other Transportation Equipment Lubricant Demand


Durable Goods Lubricant Demand


Machinery Shipments


Machinery Production Lubricant Demand


Transportation Equipment Shipments


Transportation Equipment OEM Lubricant Demand


Metal Product Shipments


Metal Production Lubricant Demand


Other Durable Goods Manufacturing Lubricant Demand


INDUSTRY STRUCTURE


US Lubricant Sales by Company, 2015


Selected Acquisitions and Divestitures


Selected Cooperative Agreements

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