Global Lubricating Oils and Greases Industry

  • March 2013
  • -
  • Global Industry Analysts
  • -
  • 914 pages

This report analyzes the worldwide markets for Lubricating Oils and Greases in Million Gallons by the following Product Segments: Automotive Lubricants (Engine Oils & Transmission & Hydraulic Fluids), Industrial Lubricants (General Industrial Oils, Industrial Engine Oils, Marine Lubricants, Metal Working Oils, & Process Oils), and Greases.

The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin America. Annual estimates and forecasts are provided for the period 2010 through 2018. Also, a six-year historic analysis is provided for these markets.

The report profiles 293 companies including many key and niche players such as Ashland, Inc., Valvoline, BP Plc, Chevron Corporation, ConocoPhillips Lubricants, Exxon Mobil Corporation, Esso S.A.F., Fuchs Petrolub AG, Idemitsu Kosan Co., Ltd., IndianOil Corporation Ltd., LUKOIL Oil Company, JX Nippon Oil & Energy Corporation, Shell, Sinopec Corporation, and Total S.A. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based upon search engine sources in the public domain.

Table Of Contents




I. INTRODUCTION, METHODOLOGY and PRODUCT DEFINITIONS
Study Reliability and Reporting Limitations I-1
Disclaimers I-2
Data Interpretation and Reporting Level I-2
Quantitative Techniques and Analytics I-3
Product Definitions and Scope of Study I-3
Product Segments I-3
Automotive Lubricants I-3
Engine Oil I-4
Transmission and Hydraulic Fluids I-4
Industrial Lubricants I-4
General Industrial Oil I-4
Industrial Engine Oils I-4
Marine Lubricants I-5
Metal Working Oils I-5
Process Oils I-5
Greases I-5


II. EXECUTIVE SUMMARY

1. INDUSTRY OVERVIEW II-1
Lubricating Oils and Greases: A Primer II-1
Key Statistics II-2
Table 1: World Lubricants Market (2012): Per Capita
Consumption of Lubricants in Kilogram/Annum (includes
corresponding Graph/Chart) II-2
The Industry - In Hands of Regulatory Bodies II-2
Impact of the Recession in Retrospect II-3
Year 2010: The Year of Economic Turnaround II-4
Market Outlook Juxtaposed With Current Macro Economic Conditions II-5
Current State of Europe’s Debt Crisis: A Backgrounder II-5
Table 2: Breakdown of Gross Government Debt as Percentage of
GDP for the Year 2012 by Country (includes corresponding
Graph/Chart) II-7
Impact of the Festering Crisis on the Lubricating Oils and
Greases Market in Europe II-7
Table 3: European Automobile Market: Estimated Plant
Capacity Utilization for the Years 2007, 2010, 2011 and 2012
(includes corresponding Graph/Chart) II-9
Demand for Lubricants in Auto Service Segment Slows Down in
Developed Countries II-9
Market Outlook Looking Into the Crystal Ball II-9
Emerging Economies: Hotspots for Growth II-10
Table 4: World Grease Market (2011): Percentage Share
Breakdown of Grease Production by Region/ Country - North
America, China, Europe, Japan, India, and Others (includes
corresponding Graph/Chart) II-10
Industrial Vs Automotive Lubricants II-10
Automotive Market Driving Significant Gains into the
Lubricants Market II-11
Environmental Regulations Accelerate Adoption of Lubricants
in the Automotive OEM and Service Markets II-11
Automotive Servicing - A Major Application Area for
Automotive Lubricants II-11
Do-It-For-Me Scores Over Do-It-Yourself Segment II-12
Engine Oils - Major Revenue Generators II-12
Low Viscosity Fluids Grow in Demand II-13
Major Issues II-13
Industrial Manufacturing Adds to the Demand for Industrial
Lubricating Oils and Greases II-13
Widening Use of Industrial Greases II-14
Rising Focus on Wind Energy to Benefit Lubricants Used in
Wind Turbines II-14
Opportunity Indicator II-15
Table 5: Global Installed Wind Energy Capacity (In
Megawatts) by Geographic Region/Country (includes
corresponding Graph/Chart) II-15
Growing Market for Metalworking Fluids II-15
Unexpected Rise in Demand Creates Supply Shortage for Marine
Lubricants II-16
Global Oil Demand and Supply - A Key Influencing Factor for
Lubricants II-16
Table 6: Global Oil Reserves (2011): Percentage Share
Breakdown of Reserves by Region (includes corresponding
Graph/Chart) II-16

Table 7: Global Oil Production (2011): Percentage Share
Breakdown of Daily Production Volume by Region (includes
corresponding Graph/Chart) II-17

Table 8: Global Oil Consumption (2012): Percentage Share
Breakdown of Consumption Volume by Region (includes
corresponding Graph/Chart) II-17

Table 9: Oil Consumption in Select Countries (2012) (In
Million Barrels Per Day) (includes corresponding Graph/Chart) II-17
Consumption to Witness Volumetric Decline in the Medium to
Long Term II-18

2. PRODUCT TRENDS and ISSUES II-19
Changing Customer Preferences II-19
Innovation: The Need of the Hour to Meet New Consumer Needs II-19
Lubricant Oil Additives - Redefining the Market II-19
Table 10: World Lubricant Additives Market (2012): Percentage
Share Breakdown of Sales by Region (includes corresponding
Graph/Chart) II-20
Synthetic Lubricants Ride High On Growing Demand from End-Users II-20
Synthetic Oils: Growth Hinges Upon Consumer Education II-21
Tight Environment Regulations Propel Demand for Eco-Friendly
Products II-21
Biodegradable Lubricants - A New Technology Trend II-21
Table 11: World Biodegradable Lubricants Market (2011) -
Percentage Breakdown of Consumption by End-Use Application
(includes corresponding Graph/Chart) II-22

Table 12: World Biodegradable Lubricants Market (2011) -
Percentage Breakdown of Consumption by Region (includes
corresponding Graph/Chart) II-22
Increasing Environmental Awareness Propels Biodegradable
Hydraulic Oils Demand II-22
Advantages II-23
Limitations II-23
Mixed Fortunes for Re-Refined Oils II-23
Hydraulic Oils Rise in Popularity II-24
Self-Lubricating Systems Grow in Popularity - Threatens
Conventional Lubricating Oils and Greases II-24
Group II and Group III Base Oils to Grow at the Expense of Group
1 Oils II-24
Table 13: World Lubricants Market (2011 and 2015): Percentage
Breakdown of Volume Demand for Base Oils by Category - Group
I, Group II, Group III, Group IV (PAOs), and Group V
(Naphthenic) (includes corresponding Graph/Chart) II-25

Table 14: World Greases Market (2012): Percentage Breakdown
of Supply for Base Oils by Category - Group I, Group II,
Group III, GTL, Group IV (PAOs), and Group V (Naphthenic)
(includes corresponding Graph/Chart) II-26

Table 15: World Base Oil Market (2012): Percentage Breakdown
of Production Capacity by Region (includes corresponding
Graph/Chart) II-26

Table 16: World Synthetic Lubricant Base Stocks Market
(2012): Percentage Share Breakdown of Consumption by Region
(includes corresponding Graph/Chart) II-26
Key Determinants of Base Oil Supply II-27
API Base Oil Groups II-27
Recycling - Making a Killing Over Virgin Oils II-27
Factors Affecting Consumption of Lubricants II-27
Commoditization - Manufacturer’s Worst Nightmares II-28

3. COMPETITIVE STRUCTURE II-29
Lubricating Oils - Industry Composition II-29
Flow Chart of Value Chain for Lubricants II-29
Competitive Scenario II-30
Table 17: Global Lubricants Market (2011): Percentage Market
Share Breakdown of Leading Players (includes corresponding
Graph/Chart) II-30
Lubricant Oil Additives - Competition II-30
Table 18: Global Lubricant Additives Market (2011):
Percentage Share Breakdown of Value Sales for Lubrizol,
Infineum, Chevron Oronite, Afton Chemical and Others
(includes corresponding Graph/Chart) II-31
Key Companies by Product Category II-31
Geographic Thrust II-31
Regional Players Ruling the Roost II-32
Competitive Analysis of Specific Geographic Regions II-32
Entry Barriers II-32
What Does It Take to Compete in the Marketplace? II-32
Pricing and Product Differentiation - Major Competitive Factors II-33
Pricing II-33
Lube World - Where Reducing Prices Might Boomerang II-33
Consumer Behavior Towards Pricing II-33
Too Many Brands in the Market Pressurize Distributors and
Retailers II-34
Brand Equity and Marketing Philosophy II-34
Distribution Network Plays a Pivotal Role II-34
Product Differentiation - Value of the Brand II-34
Service Differentiation II-35
Corporate Philosophy II-35
Specific Competitive Strategies for Greasing Success II-35
Myths and Realities of Lube Industry II-35
Size does Matter II-35
Myth II-35
Reality II-35
Competitive Pressures II-36
Myth II-36
Reality II-36
Unsustainable Market Share II-36
Myth II-36
Reality II-36

4. PRODUCT OVERVIEW II-37
Lubricants: A Generic Definition II-37
Factors Influencing Lubricant Functions (Thermal and
Oxidative Stability is Imperative) II-37
Composition of Lubricants II-38
Base Stock II-38
An Insight into Select Type of Base Oils and their
Characteristics II-38
Base Oil Groups - A Classification II-39
Additives II-39
A Peek into the Classification of Additives Based on
Functionality II-39
Additives Generally Used in Lubricants II-40
Lubricating Oil Additives II-40
Lubricating Oils II-41
A Peek into the Production Process II-41
Raw Materials II-41
Shelf Life of Lubricating Oils II-42
Automotive and Industrial Gear Oils II-42
Transmission Oils and Engine Oils II-42
Other Lubricating Oils II-42
Performance Requirements of Lubricating Oils II-42
Corrosiveness II-42
Foaming / Aeration II-42
Fuel Economy II-42
Oxidation Control II-42
Piston Cleanliness and Ring Sticking II-43
Shear Stability II-43
Soot Control II-43
Volatility II-43
Wear II-43
End-Use Applications of Lubricant Oils II-43
Important Terminology Used in Lubricating Oils and Greases
Industry II-44
Classification of Lubricating Oils and Greases II-45
Automotive Lubricants II-45
Specifications, Testing, and Legislative Directions for
Lubricants II-45
API - Classification of Base Oils II-45
Classification of Automotive Oils II-45
Engine Oil II-45
Non-Vehicle Motor Oil II-46
Specifications for Engine Oils II-46
Transmission and Hydraulic Fluids II-46
Automatic Transmission Fluid (ATF) II-47
Industrial Lubricants II-47
Advantages Offered by Lubricants in Industrial Applications II-48
Types of Industrial Fluids (Based on their Physico-Chemical
Composition) II-48
Composition of Industrial Lubricants II-48
Classification of Industrial Lubricants II-49
General Industrial Oil II-49
Hydraulic Oil II-49
Classification of Hydraulic Oils Based on Performance
Level (As per ISO6743/4 Specifications) II-49
Fire Resistant Fluids II-50
Industrial Gear Oil II-50
AGMA Numbering System for Gear Oil II-50
Others II-51
Industrial Engine Oils II-51
Marine Lubricants II-51
Metalworking Fluids II-51
Types of Metalworking Fluids II-51
Health Concern II-52
Process Oils II-52
Electrical Oils II-53
Functions of Electrical Oils II-53
The Regulatory Authorities Involved II-53
White Oils II-53
Ink Oils II-53
Synthetic Oils II-53
Medical Devices - A Highly Specialized Application for
Synthetic Lubricants II-54
Advantages of Synthetic Lubricants II-54
Disadvantages of Synthetic Lubricants II-55
Types of Synthetic Lubricants II-55
Polyalphaolefins (PAOs) II-55
Polyol Ester (POE) II-55
Diester II-55
Polyalkylene Glycol (PAG) II-56
Synthetic Lubricant Industry II-56
Tier - I II-56
Tier - II II-56
Tier - III II-56
Greases II-57
Composition of Greases II-57
Classification of Greases by National Lubricating Grease
Institute (NLGI) II-58
Thickeners II-58
Characteristics of Grease II-58
Grease Standards II-59
Types of Grease II-59
Silicone Grease II-59
Fluoroether-Based Grease II-59
Laboratory Grease II-59
Food-Grade Greases II-59
Lubricating Greases II-60
Difference between Lubricating Oils and Greases II-60

5. END-USE ANALYSIS II-61
Retail and Commercial Market II-61
Retail II-61
Commercial II-61
Industrial Market II-61
Factory Fill - An Important Distribution Channel II-62
Storage of Lubricants in Industrial Environment - A Crucial
Factor II-62
Marine and Railroad II-62
Consumption Patterns in Lubricants Industry II-62
Lubricants Industry Vs Economy - Missing Positive Correlation II-62
Drift in Industrial Activity Towards Non-Manufacturing Sectors II-63
Technology Impacting the Industry II-63
Lower Crankcase Capacities II-63
Tighter Engine Designs - Tightening the Grip Over Lubes Usage II-63
Drain Intervals - Draining the Prospects for Lubes II-63

6. TECHNOLOGICAL TRENDS II-64
New Technologies: Making Significant In-Roads II-64
Chevron’s Gusher Technology Sets the Tone for Lubricant Markets II-64
Chevron’s Isomerization Process for Motor Oils II-64
Substitutes II-64
Niod-2: Anti-Friction Powder II-64
Lubricating Oil from Rice Bran Oil II-64
DuPont’s Soybean Based Hydraulic Fluids II-65
Recycling Lubes: Undoing the Done II-65
Oil Refresher Model 1 System - A Novel Way to Recycle Waste Oil II-65
CANPED - An Advanced Recycling Technology for Waste
Lubricating Oils II-66
Firebird’s Recycling Process for Waste Oils II-66
Greenways Recycling System II-66

7. PRODUCT INNOVATIONS/INTRODUCTIONS II-67
General Motors Company Expands Range of DEXRON® Driveline
Lubricants II-67
Champion Oil Launches Synthetic 75w-140 Racing Gear Lube II-67
Royal Dutch Shell Introduces Shell Alexia S4 Marine Engine Oil
for Shipping Industry II-67
IOC Introduces SERVO Futura Synth Engine Oil II-68
Shell Malaysia Introduces New Engine Oils II-68
ConocoPhillips Lubricants Launches Wireline Lubricant II-69
Chevron Lubricants Launches Premium Hydraulic Oils II-69
Shell Introduces Shell Helix Synthetic Motor Oils in Pakistan II-69
Shell Malaysia Unveils Enhanced Shell Helix Motor Oil Range II-70
Universal Lubricants Introduces Re-refined Engine Oils II-70
UMW Launches Locally Manufactured Repsol Lubricants in Malaysia II-70
Mercury Quicksilver Introduces Powersports Oils II-71
Castrol Introduces GTX Modern Engine Oil II-71
DINASA Rolls out ConocoPhillips Lubricant Brands II-71
BPCL Introduces Honda Genuine Engine Oil II-71
IndianOil Launches SERVO Futura Synth II-72
Pennzoil® to Introduce New Synthetic Motor Oil II-72
LE Introduces New Heavy Duty Engine Oil II-72
Champion Brands Introduces Syntinel ESL II-73
Chevron Introduces New Fuel Oil II-73
Champion Oil Launches RandO Hydraulic Fluid Range II-73
Equipment Today Selects Chevron’s Delo® Grease ESI II-74
Rafinerija Accepts UOP and ExxonMobil Technology II-74
Green Garage™ Selects Universal Lubricants ECO ULTRA® Range II-74
Lukoil Unveils New Range of Lukoil Genesis Engine Oils II-75
Petromin Re-Introduces its Products in New Containers II-75
Wallover Oil Unveils Machining Coolants WS 7450HP and WS 7450 II-75
OW Bunker to Deliver Low Sulphur RMG 380CST Fuel II-75
OW Bunker Unveils International Marine Lubricants Division II-76
ExxonMobil Lubricants and Petroleum Specialties Launches New
Industrial Lubricants II-76
Plews Launches UltraLube Rail Curve Greases and Switch Plate
Lubricants II-77
Universal Lubricants Launches ECO ULTRA Synthetic Blend Engine
Oils II-77
Castrol India Launches Castrol GTX Modern Engine Oil II-77
Paramo Launches New Range of Lubricants II-78
Techspray Launches New E-LINE Cleaners II-78
METALUBE Launches Inoxolâ„¢ 5108 Semi-Synthetic Steel Wire
Lubricant II-78
Lubrication Engineers Launches Monolec Ultra® Syn Heavy Duty
Engine Oil II-78
Conoil Introduces COSA Marketing and Distribution Initiative II-79
Q8Oils Introduces Q8 T904 10W-40 Low SAPS Commercial Engine Oil II-79
SDF India Introduces New Diesel Filters and Lubricants II-79
Motul® Introduces Reformulated 300V Range of Automotive Racing
Oils II-79
BHPetrol Introduces New SynGard 8000 II-80
Lubrizol Launches New Range of Gear Oils II-80
MandI Materials Introduces PFPE 501 II-80
Engen Establishes Lubricating Oil Franchise II-80
Terresolve Technologies Introduces EnviroLogic 802 II-81
Lubrication Engineers Launches Monolec® Tetra-Syn™ Engine Oil II-81
WD-40 Introduces New WD-40 Specialistâ„¢ Range II-82
Beck/Arnley Launches Premium OE Automatic Transmission Fluid II-82
AP Land Automobile Introduces Formula One Malaysia Lubricant Oil II-82
Pennzoil-Quaker Launches Defy Motor Oil II-82
Uz-Texaco Launches Manufacture of Synthetic Motor Oils II-83
Atlantic Lubricants and Specialties Rolls Out CNG Power Plus
20W50Engine Oil II-83
Escorts Group Introduces ESCORTS TRU-GUARD II-83
Valvoline Cummins Introduces NextGen Range of Motor Oils II-83
Shell Marine Products to Roll Out New Cylinder Oil II-84
Atlantic Lubricants Unveils Auto Power Plus 15W40 II-84
Gulf Oil and Ashok Leyland Jointly Launch Next Generation
aNxG’ Series II-84
Valvoline Expands UltraMax Product Line II-84
Namcor Unveils New Lubricant Series II-85
Royal Purple Releases 0W-20 Motor Oil II-85
TOP 1 Oil to Unveil Evolution 0W-20 II-86
ExxonMobil Unveils Mobil SHC Gear Series Industrial Gear Oils II-86
ExxonMobil Unveils Mobil DTE 10 Excel and Mobil SHC Pegasus II-86
Amyris Launches New Range of Industrial Lubricants EvoShieldâ„¢ II-86
Shell Lubricants Introduces Transmission and Industrial
Greases and Lubricants II-87
Castrol Marine Unveil Victrol 10 and Amal Double Hull Barges II-87
Forespar® Products Introduces New Range of MareLube™ Synthetic
Lubricants II-88
UMW Lubricants International Introduces Repsol Lubricants in
Malaysia II-88
Amyris Unveils New EvoShieldâ„¢ Range of Industrial Lubricants II-89
Conoil Introduces Golden Super Generator oil and Quatro Heavy
Duty Genset oil II-89
Klüber Lubrication Introduces New Range of Synthetic Lubricants II-89
Shell Lubricants India Introduces Re-designed Range of Greases
and Lubricants II-90
TOP1 Oil Products Introduces New Range of Lubricants in India II-90
Shell Lubricants Introduces New Greases and Lubricants II-90

8. PRODUCT INTRODUCTIONS/INNOVATIONS - A HISTORIC PERSPECTIVE BUILDER II-91
Valvoline Launches Pro Fleet 10W-40 DEO II-91
TVS Launches TVS TRU4 Premium II-91
Pennzoil Launches Pennzoil Ultra Synthetic II-91
Shell Launches Shell Advance SX4 and Shell Advance VSX4 II-92
TVS Unveils TVS TRU4 Premium II-92
BPCL Introduces New Friction Technology II-93
Castrol Marine Unveils Virtual Vessel II-93
Lubmarine Introduces Talusia Universal II-93
ExxonMobil Introduces Mobilgear SHC XMP Series II-93
Bharat Petroleum Introduces New Technology in Collaboration
with Indian Institute of Science II-94
ITW Chemtronics Introduces CircuitWorks® Silicone Free Heat
Sink Grease and CircuitWorks® Boron Nitride Heat Sink Grease II-94
Chevron Unveils Clarity Lubricants II-94
BASF to Introduce Plurasafe® H2O-KTM and Plurasafe® Insure™ II-95
Boca Bearings Launches New Range of Coatings and Lubricants II-95
Lubrication Engineers Unveils Wirelife Low Tox Penetrating
Lubricant II-95
Lubriserv Introduces Ultra-High Performance Product Range II-96
Lubrication Engineers Launches Wirelife™ Almasol® Syn Coating
Lubricant II-97
Afton Chemical to Introduce New Passenger Car Motor Oil II-97
Toyota Indonesia Launches Toyota Motor Oil II-98
ExxonMobil Industries Lubricants Introduces SHC XMP Series II-98

9. RECENT INDUSTRY ACTIVITY II-99
Saudi Aramco Lubricating Oil Refining and Samsung Engineering
Sign Contract II-99
TA Acquires Sino Tac Resources II-99
National Petrochemical and Refiners Association Changes Name to
American Fuel and Petrochemical Manufacturers II-99
Castrol Reallocates Development Center of Motor Cycle Products II-99
Creative Safety Supply Offers Industrial-grade Lubricants II-99
Infineum Renews Collaboration Agreement with Nano Terra II-100
Prista Oil to Establish Two Joint Venture Firms in Uzbekistan II-100
Idemitsu Kosan to Commence Production of Lubricant oil in Vietnam II-100
Great Wall Motors Inks Cooperation Agreement with Total
Lubrifiants II-100
Cosan to Takeover Comma Oil and Chemicals II-101
Crevier Lubricants Establishes New Plant II-101
Calumet Acquires TruSouth Oil II-101
Gulf Oil to Build a Lubricant Manufacturing Unit II-102
Columbian Autocar Enters into Agreement with SK Techno-lube II-102
Valvoline Enters into Distribution Agreement with TNK-BP II-102
OPET-FUCHS Acquires the OPET's Automotive Lubricant Venture II-102
Greenbriar Takes Over PetroChoice II-103
TOP1 Partners with Lucas II-103
GOCL Enters into Agreement to Acquire Houghton II-103
UL Enters into Agreement with IDC II-104
Idemitsu Establishes Idemitsu Lube Vietnam II-104
UL Enters into Agreement with DandD Sexton II-104
Econo Enters into Agreement with Universal Lubricants II-104
Lukoil Signs First Engine Oil Filling Deal with Kalinigrad
Auto Maker II-105
LUKOIL Inks Cooperation Deal for Development of Arkhangelsk
Oblast II-105
LUKOIL to Offer First Engine Oil Filling for GM Engines II-105
Calumet Acquires Royal Purple II-105
Safety-Kleen Commences Production at New Oil Blending Facility II-106
Chemetall Receives Approval from Nissan for Gardolube® VP 10300/2 II-106
Apache Oil and Castrol Lubricants Enter Into Distribution
Agreement II-106
ExxonMobil Extended Partnership with Porsche II-107
Pilot Flying J Takes Over Maxum Petroleum II-107
Cargill Takes Over Cooper Power’s Envirotemp FR3 Brand and
Fluid Business II-107
Universal Lubricants Inks Partnership Agreement with
Interstate Distributor II-107
PetroChoice Acquires Lorenz and Rapids II-108
OW Bunker to Takeover Bergen Bunkers II-108
Gulfstream Petroleum Takes Over Fuels Marketing and Aviation
Businesses of Chevron II-108
Enoc Lubricants Inks Supply Agreement with Fujairah Building
Industries II-108
CHEMATEK and APAR CHEMATEK LUBRICANTS Enter into Joint Venture II-109
Victory Retail Marketing Divests Share in Tide Water Oil II-109
Engen Petroleum and DIWA International Collaborate II-109
Vertex Energy to Acquire Assets and Liabilities of Vertex
Holdings II-109
Group 1 Automotive Selects ExxonMobil Lubricants and Petroleum
Specialties II-109
Prista Holding and Uzbekneftegaz Form Joint Ventures for Motor
Oils II-110
Hindustan Petroleum Signs Agreement with Force Motors II-110
Hup Soon Global and AP Oil International to Form Joint Venture II-110
Pilot Flying J Takes Over Western Petroleum II-110
Russian Railways and Lukoil to Establish Grease Production Plant II-111
Kawasaki Motors Europe Inks Agreement with Putoline Oil II-111
Kuwait Petroleum International Merges Q8 Business with OK-Q8 II-111
Gazprom Neft Lubricants Inks Agreement with Chevron II-112
Al-Jomaih And Shell Lubricating Oil Inks Contract with ALDREES II-112
Gulf Lubricants/Nu-Tier Brands and Kimbro Oil Enter into
Partnership II-112
Biosynthetic Technologies Inks License and Supply Agreements
with Monsanto II-112
Martin Midstream Partners Acquires Specialty Lubricant Product
Packaging Assets from Cross II-113
Universal Lubricants Enters into Partnership with Interstate
Distributor II-113
KIA Motors Ireland Inks Agreement with Finol II-113
Cosan Lubricants Inks Agreement with S-Oil II-113
Amalie Oil Takes Over Assets of Global GL II-114
Calumet Takes Over Aviation Lubricants Business from Hercules II-114
Calumet Takes Over Outstanding Membership Interests of
TruSouthOil II-114
Berkshire Hathaway Takes Over Lubrizol II-114
Elevance Renewable Sciences and NL Grease Collaborate II-115
TOP1 Oil Products Selects LG Balakrishnan and Brothers to
Distribute Top 1 Lubricants II-115
Gordon Murray Design and Royal Dutch Shell Develop 0W-10
Synthetic Motor Oil II-115
Illinois Tools Takes Over SOPUS’s Car Care Business II-116
Voyager Enters into Agreement with Earth Metal Scrap USA II-116
Jubitz Truck Shop Switches to Universal Lubricants ECO-ULTRA
Motor Oil II-116
Castrol Marine Extends Agreement with Associated Motor Ways II-117
ANA Chooses Air BP Turbo Oils for Boeing 787 Dreamliner II-117
BP to Sell Duckhams and Veedol Brands II-117
Petromin Inks an Agreement with the Majdouie Group II-117
Kia Motors Partners with Total Lubrifiants II-118
Lubrizol and Sea-Land Chemical Ink Distribution Agreement II-118
Glysantin Enters New Partnerships II-118
Gazprom Neft Acquires CJSC NK Selekt II-118
Balmer Lawried Ventures into Retail Automotive Lubricants II-119
Air BP Acquires New Aviation Assets in Brazil II-119
Tide Water Takes Over Veedol International II-119
LUKOIL Signs Cooperation Deal with GAZ Group II-119
Amyris, Venture to Tie Up for Renewable Lubricants II-120
Shell, Ducati Extends Partnerships II-120
Lubrizol Additives Signs Distribution Agreement with Sea-Land
Chemical II-120
Lubrizol Takes Over Chemtool II-120
ExxonMobil Revives Tie-Up with Vodafone McLaren II-121
Lubrizol Acquires Nalco Performance Products II-121
JX Nippon Oil and Energy to Form JV with SK Innovation II-121
Amyris to Enter Joint Venture with U.S. Venture II-121
RelaDyne Signs Distribution Agreement with BioBlend II-122
Quaker Chemical Acquires G.W. Smith II-122
RelaDyne Acquires James P. Hill Distributors and PetroClean
Solutions II-122
Booth Waltz Enterprises to Take Over Windward Petroleum II-123
Cosan Acquires Assets of ExxonMobil Lubricants II-123
Amyris to Form Joint Venture with U.S. Venture II-123
Petromin Signs Agreement with Al Majdouie Group II-123
Quaker Chemical Acquires G.W Smith and Sons II-124
Thinsoft Inks MoU to Acquire Zhoushan Boke Power and Zhejiang
Yuye Petroleum II-124
Thermo Fluids Takes Over Bango Oil II-124
Zafco Trading Acquires Zeetex Brand II-124
Philippe Gosselin and Associates Signs Distribution Agreement
with Pennzoil-Quaker State Canada and SCP II-125
Empire Oil Refineries Inks LoI to Acquire Promethean Bio-Fuels II-125
Universal Lubricants Partners with Econo Lube N' Tune and Brakes II-125
DuPont Enters into Partnership with ChemPoint for Krytox
Lubricants II-125
Quinenco Acquires Shell Chile II-125
Pilipinas Shell Petroleum Signs Agreement with Power Sector
Assets and Liabilities Management II-126
PetroChoice Takes Over Anderson Lubricants II-126
Universal Lubricants Enters into Alliance with AIOD II-126
Mil-Comm Products Enters into Partnership with NRA II-126
Freedom Environmental Services Inks Three-Year Agreement with
Clean Fuel II-127
RelaDyne Signs Distribution Agreement with BioBlend II-127

10. STRATEGIC CORPORATE DEVELOPMENTS - A HISTORIC PERSPECTIVE BUILDER II-128
SKF Takes Over Lincoln Holdings Enterprises II-128
Castrol Opens Lubricant Technology Center II-128
Fuchs Lubricants to Invest in Indian Manufacturing Unit II-128
Shell Lubricants Extends Strategic Alliance with Hyundai Motor II-129
Quaker Chemical Takes Over Summit Lubricants II-129
Mahindra and Mahindra Signs Collaboration Agreement with Gulf Oil II-129
ExxonMobil Extends Alliance with General Motors II-130
ExxonMobil Enters into Long Term Agreement with Caterpillar II-130
FUCHS Takes Over Shell’s Food-Grade Specialty Lubricants Business II-130
Petronas Lubricants and Proton Holdings Join Forces II-130
Shell, Hyundai Renew Lubricants Agreement for Five Years II-130
Montenegro Shipping Enters into Partnership with CKW Enterprises II-131
ENOC Lubricants Enters into Agreement with Galana Oil Kenya II-131
Castrol Marine Announces Development Centre for Lubricant
Technology II-131
ENOC Lubricants Signs Agreement with Galana Oil II-132
Dytech Dynamic Fluid Technologies to Establish Oils and
Lubricants Plant II-132
Hyundai Engineering Enters into Deal with Takreer II-132
Petro Diamond Japan and MC. Energy to Merge II-132
FUCHS PETROLUB Takes Over Food Grade Lubricants Business of
Shell International Petroleum II-133
Industrial Distribution Group Acquires Alamo Iron Works II-133
Kaman Industrial Technologies to Take Over Assets of Fawick de
Mexico II-133
ExxonMobil Signs Agreement with Caterpillar II-133
Solutia Receives Approval for Skydrol PE-5 Hydraulic Fluid
from Boeing II-133

11. FOCUS ON SELECT GLOBAL PLAYERS II-134
Ashland, Inc. (US) II-134
Valvoline (US) II-134
BP Plc (UK) II-134
Chevron Corporation (US) II-135
ConocoPhillips Lubricants (US) II-136
Exxon Mobil Corporation (US) II-136
Esso S.A.F. (France) II-137
Fuchs Petrolub AG (Germany) II-137
Idemitsu Kosan Co., Ltd. (Japan) II-137
IndianOil Corporation Ltd. (India) II-138
LUKOIL Oil Company (Russia) II-138
JX Nippon Oil and Energy Corporation (Japan) II-138
Shell (The Netherlands) II-139
Sinopec Corporation (China) II-139
Total S.A. (France) II-140

12. GLOBAL MARKET PERSPECTIVE II-141
Table 19: World Recent Past, Current and Future Analysis for
Lubricating Oils and Greases by Geographic Region - US,
Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle
East, and Latin America Markets Independently Analyzed with
Annual Sales Figures in Million Gallons for Years 2010 through
2018 (includes corresponding Graph/Chart) II-141

Table 20: World Historic Review for Lubricating Oils and
Greases by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Middle East, and Latin America
Markets Independently Analyzed with Annual Sales Figures in
Million Gallons for Years 2004 through 2009 (includes
corresponding Graph/Chart) II-142

Table 21: World 15-Year Perspective for Lubricating Oils and
Greases by Geographic Region - Percentage Breakdown of Volume
Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding
Japan), Middle East, and Latin America Markets for Years 2004,
2012 and 2018 (includes corresponding Graph/Chart) II-143

Table 22: World Recent Past, Current and Future Analysis for
Automotive Lubricants by Geographic Region - US, Canada,
Japan, Europe, Asia-Pacific (excluding Japan), Middle East,
and Latin America Markets Independently Analyzed with Annual
Sales Figures in Million Gallons for Years 2010 through 2018
(includes corresponding Graph/Chart) II-144

Table 23: World Historic Review for Automotive Lubricants by
Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Middle East, and Latin America Markets
Independently Analyzed with Annual Sales Figures in Million
Gallons for Years 2004 through 2009 (includes corresponding
Graph/Chart) II-145

Table 24: World Recent Past, Current and Future Analysis for
Automotive Lubricants by Product Segment - Engine Oils, and
Transmission and Hydraulic Fluids Markets Independently Analyzed
with Annual Sales Figures in Million Gallons for Years 2010
through 2018 (includes corresponding Graph/Chart) II-146

Table 25: World Historic Review for Automotive Lubricants by
Product Segment - Engine Oils, and Transmission and Hydraulic
Fluids Markets Independently Analyzed with Annual Sales
Figures in Million Gallons for Years 2004 through 2009
(includes corresponding Graph/Chart) II-147

Table 26: World 15-Year Perspective for Automotive Lubricants
by Geographic Region - Percentage Breakdown of Volume Sales
for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Middle East, and Latin America Markets for Years 2004, 2012 and
2018 (includes corresponding Graph/Chart) II-148

Table 27: World 15-Year Perspective for Automotive Lubricants
by Product Segment - Percentage Breakdown of Volume Sales for
Engine Oils, and Transmission and Hydraulic Fluids Markets for
Years 2004, 2012 and 2018 (includes corresponding Graph/Chart) II-149

Table 28: World Recent Past, Current and Future Analysis for
Engine Oils by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Middle East, and Latin America
Markets Independently Analyzed with Annual Sales Figures in
Million Gallons for Years 2010 through 2018 (includes
corresponding Graph/Chart) II-150

Table 29: World Historic Review for Engine Oils by Geographic
Region - US, Canada, Japan, Europe, Asia-Pacific (excluding
Japan), Middle East, and Latin America Markets Independently
Analyzed with Annual Sales Figures in Million Gallons for
Years 2004 through 2009 (includes corresponding Graph/Chart) II-151

Table 30: World 15-Year Perspective for Engine Oils by
Geographic Region - Percentage Breakdown of Volume Sales for
US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Middle East, and Latin America Markets for Years 2004, 2012 and
2018 (includes corresponding Graph/Chart) II-152

Table 31: World Recent Past, Current and Future Analysis for
Transmission and Hydraulic Fluids by Geographic Region - US,
Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle
East, and Latin America Markets Independently Analyzed with
Annual Sales Figures in Million Gallons for Years 2010 through
2018 (includes corresponding Graph/Chart) II-153

Table 32: World Historic Review for Transmission and Hydraulic
Fluids by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Middle East, and Latin America
Markets Independently Analyzed with Annual Sales Figures in
Million Gallons for Years 2004 through 2009 (includes
corresponding Graph/Chart) II-154

Table 33: World 15-Year Perspective for Transmission and
Hydraulic Fluids by Geographic Region - Percentage Breakdown
of Volume Sales for US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Middle East, and Latin America Markets for
Years 2004, 2012 and 2018 (includes corresponding Graph/Chart) II-155

Table 34: World Recent Past, Current and Future Analysis for
Industrial Lubricants by Geographic Region - US, Canada,
Japan, Europe, Asia-Pacific (excluding Japan), Middle East,
and Latin America Markets Independently Analyzed with Annual
Sales Figures in Million Gallons for Years 2010 through 2018
(includes corresponding Graph/Chart) II-156

Table 35: World Historic Review for Industrial Lubricants by
Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Middle East, and Latin America Markets
Independently Analyzed with Annual Sales Figures in Million
Gallons for Years 2004 through 2009 (includes corresponding
Graph/Chart) II-157

Table 36: World Recent Past, Current and Future Analysis for
Industrial Lubricants by Product Segment - General Industrial
Oils, Industrial Engine Oils, Marine Lubricants, Metal Working
Oils, and Process Oil Markets Independently Analyzed with
Annual Sales Figures in Million Gallons for Years 2010 through
2018 (includes corresponding Graph/Chart) II-158

Table 37: World Historic Review for Industrial Lubricants by
Product Segment - General Industrial Oils, Industrial Engine
Oils, Marine Lubricants, Metal Working Oils, and Process Oil
Markets Independently Analyzed with Annual Sales Figures in
Million Gallons for Years 2004 through 2009 (includes
corresponding Graph/Chart) II-159

Table 38: World 15-Year Perspective for Industrial Lubricants
by Geographic Region - Percentage Breakdown of Volume Sales
for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Middle East, and Latin America Markets for Years 2004, 2012 and
2018 (includes corresponding Graph/Chart) II-160

Table 39: World 15-Year Perspective for Industrial Lubricants
by Product Segment - Percentage Breakdown of Volume Sales for
General Industrial Oils, Industrial Engine Oils, Marine
Lubricants, Metal Working Oils, and Process Oil Markets for
Years 2004, 2012 and 2018 (includes corresponding Graph/Chart) II-161

Table 40: World Recent Past, Current and Future Analysis for
General Industrial Oils by Geographic Region - US, Canada,
Japan, Europe, Asia-Pacific (excluding Japan), Middle East,
and Latin America Markets Independently Analyzed with Annual
Sales Figures in Million Gallons for Years 2010 through 2018
(includes corresponding Graph/Chart) II-162

Table 41: World Historic Review for General Industrial Oils by
Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Middle East, and Latin America Markets
Independently Analyzed with Annual Sales Figures in Million
Gallons for Years 2004 through 2009 (includes corresponding
Graph/Chart) II-163

Table 42: World 15-Year Perspective for General Industrial
Oils by Geographic Region - Percentage Breakdown of Volume
Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding
Japan), Middle East, and Latin America Markets for Years 2004,
2012 and 2018 (includes corresponding Graph/Chart) II-164

Table 43: World Recent Past, Current and Future Analysis for
Industrial Engine Oils by Geographic Region - US, Canada,
Japan, Europe, Asia-Pacific (excluding Japan), Middle East,
and Latin America Markets Independently Analyzed with Annual
Sales Figures in Million Gallons for Years 2010 through 2018
(includes corresponding Graph/Chart) II-165

Table 44: World Historic Review for Industrial Engine Oils by
Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Middle East, and Latin America Markets
Independently Analyzed with Annual Sales Figures in Million
Gallons for Years 2004 through 2009 (includes corresponding
Graph/Chart) II-166

Table 45: World 15-Year Perspective for Industrial Engine Oils
by Geographic Region - Percentage Breakdown of Volume Sales
for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Middle East, and Latin America Markets for Years 2004, 2012 and
2018 (includes corresponding Graph/Chart) II-167

Table 46: World Recent Past, Current and Future Analysis for
Marine Lubricants by Geographic Region - US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Middle East, and Latin
America Markets Independently Analyzed with Annual Sales
Figures in Million Gallons for Years 2010 through 2018
(includes corresponding Graph/Chart) II-168

Table 47: World Historic Review for Marine Lubricants by
Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Middle East, and Latin America Markets
Independently Analyzed with Annual Sales Figures in Million
Gallons for Years 2004 through 2009 (includes corresponding
Graph/Chart) II-169

Table 48: World 15-Year Perspective for Marine Lubricants by
Geographic Region - Percentage Breakdown of Volume Sales for
US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Middle East, and Latin America Markets for Years 2004, 2012 and
2018 (includes corresponding Graph/Chart) II-170

Table 49: World Recent Past, Current and Future Analysis for
Metal Working Oils by Geographic Region - US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Middle East, and Latin
America Markets Independently Analyzed with Annual Sales
Figures in Million Gallons for Years 2010 through 2018
(includes corresponding Graph/Chart) II-171

Table 50: World Historic Review for Metal Working Oils by
Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Middle East, and Latin America Markets
Independently Analyzed with Annual Sales Figures in Million
Gallons for Years 2004 through 2009 (includes corresponding
Graph/Chart) II-172

Table 51: World 15-Year Perspective for Metal Working Oils by
Geographic Region - Percentage Breakdown of Volume Sales for
US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Middle East, and Latin America Markets for Years 2004, 2012 and
2018 (includes corresponding Graph/Chart) II-173

Table 52: World Recent Past, Current and Future Analysis for
Process Oils by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Middle East, and Latin America
Markets Independently Analyzed with Annual Sales Figures in
Million Gallons for Years 2010 through 2018 (includes
corresponding Graph/Chart) II-174

Table 53: World Historic Review for Process Oils by Geographic
Region - US, Canada, Japan, Europe, Asia-Pacific (excluding
Japan), Middle East, and Latin America Markets Independently
Analyzed with Annual Sales Figures in Million Gallons for
Years 2004 through 2009 (includes corresponding Graph/Chart) II-175

Table 54: World 15-Year Perspective for Process Oils by
Geographic Region - Percentage Breakdown of Volume Sales for
US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Middle East, and Latin America Markets for Years 2004, 2012 and
2018 (includes corresponding Graph/Chart) II-176

Table 55: World Recent Past, Current and Future Analysis for
Greases by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Middle East, and Latin America
Markets Independently Analyzed with Annual Sales Figures in
Million Gallons for Years 2010 through 2018 (includes
corresponding Graph/Chart) II-177

Table 56: World Historic Review for Greases by Geographic
Region - US, Canada, Japan, Europe, Asia-Pacific (excluding
Japan), Middle East, and Latin America Markets Independently
Analyzed with Annual Sales Figures in Million Gallons for
Years 2004 through 2009 (includes corresponding Graph/Chart) II-178

Table 57: World 15-Year Perspective for Greases by Geographic
Region - Percentage Breakdown of Volume Sales for US, Canada,
Japan, Europe, Asia-Pacific (excluding Japan), Middle East,
and Latin America Markets for Years 2004, 2012 and 2018
(includes corresponding Graph/Chart) II-179


III. MARKET

1. THE UNITED STATES III-1
A.Market Analysis III-1
Current and Future Analysis III-1
Lubricating Oils and Greases Market: An Overview III-1
Market Snippets III-1
Resurgence in Motor Vehicle Sales Helps Automotive
Lubricants Market Recover After 2007-2009 Slowdown III-2
Industrial Machinery Lubricants too Grow in Demand III-2
Resurgence in Transportation Industry Drives Demand for
Commercial Lubricants III-2
Synthetic Lubricants - Growing Significantly III-3
Table 58: US Synthetic Lubricants Market (2011): Percentage
Market Share Breakdown of Leading Players (includes
corresponding Graph/Chart) III-3
Motor Vehicles and Industrial Equipment: Key End-Use
Application Areas for Synthetic Lubricants III-3
Medium and Heavy Duty Vehicle Segment Drives Demand III-4
Environmental Concerns Increases Adoption of Vegetable Oil
Based Lubricants III-4
Re-Refined Oils - A New Class of Products on the Market III-5
Major Market Challenges III-5
Distribution Channels III-6
Competition III-6
Table 59: Leading Players in the US Finished Lubricants
Market (2011): Percentage Share Breakdown of Value Sales
for Leading Players (includes corresponding Graph/Chart) III-7
Product Launches III-7
Strategic Corporate Developments III-16
Key Players III-28
B.Market Analytics III-31
Table 60: US Recent Past, Current and Future Analysis for
Lubricating Oils and Greases by Product Group/Segment -
Automotive Lubricants {Engine Oils [Monograded,
Multigraded], Transmission and Hydraulic Fluids [Automatic
Transmission Fluids, Universal Tractors (Hydraulic/
Transmission), Energy/Shock Absorbers, Power Steering,
Automotive Gear Oils, and Others]}, Industrial Lubricants
{General Industrial Oils [Hydraulic Oils, Fire-Resistant
Oils, Industrial Gear Oils, and Others], Industrial Engine
Oil

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