World Lubricants
This study examines the global market for finished lubricants. Products covered include engine oils, process oils, hydraulic fluids, metalworking fluids and other lubricants, such as greases, transmission fluids, gear oils and tractor fluids. Demand for finished lubricants is also discussed in terms of intended markets, including the motor vehicle aftermarket, manufacturing market and others. Purchasers of previous Freedonia studies on the US market for lubricants should note that the product and market segments are different.
INTRODUCTION xii
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
World Economic Outlook 4
Recent Economic Performance 5
Macroeconomic Outlook 7
World Manufacturing Outlook 10
World Motor Vehicle Outlook 11
World Motor Vehicle Park 12
World Motor Vehicle Production 13
Motor Vehicle Design Technology 16
Gasoline Engines 16
Diesel Engines 19
World Oil Industry Outlook 21
World Crude Oil Production 22
World Refined Petroleum Products Production 23
Environmental & Regulatory Trends 25
Lubricant Standards & Testing 27
III. OVERVIEW 29
General 29
World Lubricant Demand by Region 30
World Lubricant Demand by Formulation 35
Petroleum Lubricants 36
Nonconventional Lubricants 38
Synthetic Lubricants 39
Re-Refined Lubricants 40
Vegetable-Based Lubricants 41
World Lubricant Demand by Product 42
Engine Oils 44
Process Oils 46
Hydraulic Fluids 48
Metalworking Fluids 50
Other Lubricants 53
World Lubricant Demand by Market 56
Motor Vehicle Aftermarket 58
Manufacturing 62
Other 64
World Base Oil Trends 66
Lubricant Production & Trade 70
IV. NORTH AMERICA 72
North America: General 72
North America: Products & Markets 73
United States 75
Canada 84
Mexico 93
North America: Market Share 100
V. WESTERN EUROPE 102
Western Europe: General 102
Western Europe: Products & Markets 104
Germany 106
France 114
United Kingdom 122
Italy 131
Spain 139
Other Western Europe 147
Netherlands 152
Belgium 153
All Other Western Europe 153
Western Europe: Market Share 154
VI. ASIA/PACIFIC 155
Asia/Pacific: General 155
Asia/Pacific: Products & Markets 157
China 160
Japan 171
India 179
South Korea 188
Indonesia 196
Thailand 204
Australia 211
Taiwan 218
Other Asia/Pacific 225
Malaysia 231
Philippines 232
All Other Asia/Pacific 232
Asia/Pacific Market Share 233
VII. OTHER REGIONS 235
Latin America 235
Latin America: General 235
Latin America: Products & Markets 237
Brazil 239
Other Latin America 247
Argentina 251
Venezuela 252
All Other Latin America 252
Latin America: Market Share 253
Eastern Europe 255
Eastern Europe: General 255
Eastern Europe: Products & Markets 257
Russia 258
Other Eastern Europe 267
Ukraine 271
Poland 272
All Other Eastern Europe 273
Eastern Europe: Market Share 273
Africa/Mideast 275
Africa/Mideast: General 275
Africa/Mideast: Products & Markets 277
Iran 279
South Africa 280
Turkey 281
Egypt 281
Saudi Arabia 282
Other Africa/Mideast 282
Africa/Mideast Market Share 283
VIII. INDUSTRY STRUCTURE 285
General 285
Industry Composition 286
Lubricant Market Share 287
Shell 288
Exxon Mobil 288
BP 289
Chevron 289
PetroChina 289
Total 290
Sinopec 290
Lukoil 290
Other Companies 291
Competitive Strategies 291
Merger & Acquisition Activity 292
Strategic Partnerships 297
Refining & Blending 303
Marketing & Distribution 305
Company Profiles 307
Air BP Limited, see BP plc
Alhamrani-Fuchs Petroleum, see FUCHS Petrolub AG
American Agip Company Incorporated, see Eni SpA
Anderol Specialty Lubricants, see Chemtura Corporation
Apollo America Corporation, see Idemitsu Kosan
Aral AG, see BP plc
Ashland Incorporated 308
Beijing Tongyi Petroleum, see Royal Dutch Shell plc
BP plc 312
Burmah Castrol, see BP plc
Caltex Australia Limited, see Chevron Corporation
Castrol, see BP plc
Chemtura Corporation 319
Chevron Corporation 322
China Petroleum & Chemical Corporation 327
CITGO Petroleum, see Petroleos de Venezuela SA
ConocoPhillips 329
Crompton Corporation, see Chemtura Corporation
Emarat, see Emirates General Petroleum Corporation
Emirates General Petroleum Corporation 333
Engen Petroleum Limited 334
Eni SpA 336
Excel Paralubes, see ConocoPhillips
Exxon Mobil Corporation 338
FUCHS Petrolub AG 345
Hatco Corporation, see Chemtura Corporation
Idemitsu Kosan Company Limited 349
Imperial Oil Limited, see Exxon Mobil Corporation
Indian Oil Corporation Limited 351
Innovatti-Industriae Comercio de Esteres Sinteticos, see Chemtura Corporation
Kaufman Holdings Corporation, see Chemtura Corporation
Lukoil Oil Company 353
Nippon Oil Corporation 355
Penreco, see ConocoPhillips
Pertamina, see Perusahaan Pertambangan Minyak
Perusahaan Pertambangan Minyak Dan Gas Bumi Negara 358
Petro-Canada Limited 359
PetroChina Company Limited 361
Petroleo Brasileiro SA 362
Petroleos de Venezuela SA 365
Petroleos Mexicanos SA 367
Petroliam Nasional Berhad 368
Petrol Ofisi AS 371
Petromin Oils, see Saudi Arabian Lubricating Oils
Repsol YPF SA 373
Royal Dutch Shell plc 375
Saudi Arabian Lubricating Oils Company 384
Selenia (FL) SpA 385
Shell Oil Products US, see Royal Dutch Shell plc
Sinopec, see China Petroleum & Chemical Corporation
SK Corporation 387
Total SA 389
TNK-BP, see BP plc
Ukrtatnafta AB 394
Valvoline Company, see Ashland Incorporated
Xianyang Tongyi Petroleum, see Royal Dutch Shell plc
Yukos Oil Company 395
Yushiro Chemical Industry Company Limited 396
LIST OF TABLES
TABLE NUMBER PAGE
SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 World Gross Domestic Product by Region 10
2 World Manufacturing Value Added by Region 11
3 World Motor Vehicle Park by Region 13
4 World Motor Vehicle Production by Region 16
5 World Crude Oil Production by Region 23
6 World Refined Petroleum Products Production by Region 25
SECTION III -- OVERVIEW
1 World Lubricant Demand by Region 32
2 World Lubricant Demand by Formulation 36
3 Petroleum Lubricant Demand by Region 38
4 Nonconventional Lubricant Demand by Region 39
5 World Lubricant Demand by Product 43
6 Engine Oil Demand by Region 46
7 Process Oil Demand by Region 48
8 Hydraulic Fluid Demand by Region 50
9 Metalworking Fluid Demand by Region 53
10 Other Lubricants Demand by Region 56
11 World Lubricants Demand by Market 57
12 Motor Vehicle Aftermarket Lubricant Demand 61
13 Manufacturing Lubricant Demand 64
14 Other Markets Lubricant Demand 66
15 World Base Oil Demand by Product & Region 69
SECTION IV -- NORTH AMERICA
1 North America -- Economic & Market Environment 73
2 North America -- Lubricant Demand 75
3 United States -- Economic & Market Environment 78
4 United States -- Lubricant Demand by Product & Formulation 80
5 United States -- Lubricant Demand by Market 83
6 Canada -- Economic & Market Environment 86
7 Canada -- Lubricant Demand by Product & Formulation 89
8 Canada -- Lubricant Demand by Market 92
9 Mexico -- Economic & Market Environment 95
10 Mexico -- Lubricant Demand by Product & Formulation 97
11 Mexico -- Lubricant Demand by Market 99
SECTION V -- WESTERN EUROPE
1 Western Europe -- Economic & Market Environment 104
2 Western Europe -- Lubricant Demand 106
3 Germany -- Economic & Market Environment 108
4 Germany -- Lubricant Demand by Product & Formulation 111
5 Germany -- Lubricant Demand by Market 113
6 France -- Economic & Market Environment 116
7 France -- Lubricant Demand by Product & Formulation 119
8 France -- Lubricant Demand by Market 121
9 United Kingdom -- Economic & Market Environment 124
10 United Kingdom -- Lubricant Demand by Product & Formulation 127
11 United Kingdom -- Lubricant Demand by Market 130
12 Italy -- Economic & Market Environment 133
13 Italy -- Lubricant Demand by Product & Formulation 136
14 Italy -- Lubricant Demand by Market 138
15 Spain -- Economic & Market Environment 141
16 Spain -- Lubricant Demand by Product & Formulation 143
17 Spain -- Lubricant Demand by Market 146
18 Other Western Europe -- Economic & Market Environment 148
19 Other Western Europe -- Lubricant Demand 151
20 Other Western Europe -- Lubricant Demand by Country 152
SECTION VI -- ASIA/PACIFIC
1 Asia/Pacific -- Economic & Market Environment 157
2 Asia/Pacific -- Lubricant Demand 160
3 China -- Economic & Market Environment 163
4 China -- Lubricant Demand by Product & Formulation 166
5 China -- Lubricant Demand by Market 169
6 Japan -- Economic & Market Environment 173
7 Japan -- Lubricant Demand by Product & Formulation 176
8 Japan -- Lubricant Demand by Market 178
(continued on next page)
9 India -- Economic & Market Environment 182
10 India -- Lubricant Demand by Product & Formulation 185
11 India -- Lubricant Demand by Market 187
12 South Korea -- Economic & Market Environment 190
13 South Korea -- Lubricant Demand by Product & Formulation 193
14 South Korea -- Lubricant Demand by Market 195
15 Indonesia -- Economic & Market Environment 198
16 Indonesia -- Lubricant Demand by Product & Formulation 200
17 Indonesia -- Lubricant Demand by Market 203
18 Thailand -- Economic & Market Environment 206
19 Thailand -- Lubricant Demand by Product & Formulation 208
20 Thailand -- Lubricant Demand by Market 210
21 Australia -- Economic & Market Environment 213
22 Australia -- Lubricant Demand by Product & Formulation 215
23 Australia -- Lubricant Demand by Market 217
24 Taiwan -- Economic & Market Environment 220
25 Taiwan -- Lubricant Demand by Product & Formulation 222
26 Taiwan -- Lubricant Demand by Market 224
27 Other Asia/Pacific -- Economic & Market Environment 227
28 Other Asia/Pacific -- Lubricant Demand 230
29 Other Asia/Pacific -- Lubricant Demand by Country 231
SECTION VII -- OTHER REGIONS
1 Latin America -- Economic & Market Environment 237
2 Latin America -- Lubricant Demand 239
3 Brazil -- Economic & Market Environment 241
4 Brazil -- Lubricant Demand by Product & Formulation 244
5 Brazil -- Lubricant Demand by Market 246
6 Other Latin America -- Economic & Market Environment 248
7 Other Latin America -- Lubricant Demand 251
8 Other Latin America -- Lubricant Demand by Country 253
9 Eastern Europe -- Economic & Market Environment 256
10 Eastern Europe -- Lubricant Demand 258
11 Russia -- Economic & Market Environment 261
12 Russia -- Lubricant Demand by Product & Formulation 263
13 Russia -- Lubricant Demand by Market 265
(continued on next page)
14 Other Eastern Europe -- Economic & Market Environment 268
15 Other Eastern Europe -- Lubricant Demand 270
16 Other Eastern Europe -- Lubricant Demand by Country 271
17 Africa/Mideast -- Economic & Market Environment 276
18 Africa/Mideast -- Lubricant Demand 278
19 Africa/Mideast -- Lubricant Demand by Country 279
SECTION VIII -- INDUSTRY STRUCTURE
1 Selected Acquisitions & Divestitures 294
2 Selected Cooperative Agreements 298
LIST OF CHARTS
CHART NUMBER PAGE
SECTION III -- OVERVIEW
1 Lubricant Demand by Region, 1995-2015 33
2 Relationship Between Lubricant Demand per Capita &
GDP per Capita 34
3 World Lubricant Demand by Product, 2005 43
4 World Lubricant Demand by Market, 2005 57
5 World Base Oil Demand, 1995-2015 70
SECTION IV -- NORTH AMERICA
1 North America Lubricant Market Share, 2005 101
SECTION V -- WESTERN EUROPE
1 Western Europe Lubricant Market Share, 2005 154
SECTION VI -- ASIA/PACIFIC
1 Asia/Pacific Lubricant Market Share, 2005 234
SECTION VII -- OTHER REGIONS
1 Latin America Lubricant Market Share, 2005 254
2 Eastern Europe Lubricant Market Share, 2005 274
3 Africa/Mideast Lubricant Market Share, 2005 284
SECTION VIII -- INDUSTRY STRUCTURE
1 World Lubricants Market Share, 2005 287