US Lubricants Market
US demand for lubricants to stabilize through 2012
US demand for lubricants will stabilize through 2012, an improvement from the declines experienced during the period from 2002 to 2007, but still significantly lagging growth in GDP. Advances will largely be a result of increased manufacturing activity, fueling demand for industrial lubricants such as hydraulic fluids, process oils and greases. Additionally, engine oils and transmission fluids will benefit from the increasing number of motor vehicles in use. However, volume gains will be restricted by trends toward longer-lasting lubricants, which extend oil drain intervals and reduce overall lubricant requirements. Market value will approach $20 billion in 2012, driven by shifts toward higher-quality formulations and the continued impact of high base oil costs.
Environmental concerns drive market for nontraditional lubricants
Significant shifts in demand for lubricating base oils are expected, as performance requirements of finished lubricants continue to change. Higher quality basestocks such as Group II, II+ and III petroleum oils, as well as synthetic types, are expected to increase their share of the market at the expense of Group I and naphthenic base oils. Better quality base oils are necessary for lubricants to comply with the variety of new standards in the industry, including ILSAC GF-5 motor oils, API CJ-4 diesel engine oils, and DEXRON-VI transmission fluids. Environmental concerns will also drive demand for re-refined basestocks and products derived from bio-based sources such as soybean oils.
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- INTRODUCTION
- I. EXECUTIVE SUMMARY
- II. MARKET ENVIRONMENT
- General
- Macroeconomic Outlook
- Manufacturing Trends
- Consumer Spending Trends
- Motor Vehicle Outlook
- Motor Vehicle Design & Technology
- Light Vehicle Engines
- Diesel Engines
- Oil Filters
- Crude Oil & Refined Petroleum Products Outlook
- Lubricant Additives Overview
- Historical Market Trends
- Pricing Trends
- Environmental & Regulatory Issues
- Bio-Based Lubricants
- Recycling
- Re-Refining
- Motor Vehicle Lubricant Classification & Testing
- Foreign Trade
- International Activity
- III. LUBRICANT BASE OILS
- General
- Base Oils
- Petroleum Base Oils
- Petroleum Base Oil Supply & Demand
- Petroleum Base Oil Refining Capacity
- Other Base Oils
- Synthetic Lubricants
- Re-Refined Lubricants
- Bio-Based Lubricants
- IV. LUBRICANT PRODUCTS
- General
- Engine Oils
- Motor Vehicle Engine Oils
- Markets
- Grades
- Other Engine Oils
- Process Oils
- White Oils
- Rubber Oils
- Electrical Oils
- Other Process Oils
- General Industrial Oils
- Hydraulic Fluids
- Turbine Oils
- Fire-Resistant Fluids
- Other General Industrial Oils
- Transmission & Hydraulic Fluids
- Automatic Transmission Fluids
- Tractor Hydraulic & Transmission Fluids
- Power Steering & Other Fluids
- Metalworking Fluids
- Product Characteristics
- Suppliers
- Gear Oils
- Automotive Gear Oils
- Industrial Gear Oils
- Greases
- Industrial Greases
- Automotive Greases
- V. LUBRICANT MARKETS
- General
- Light Vehicle Aftermarket
- Light Vehicle Industry Outlook
- Light Vehicle Aftermarket Lubricant Demand
- Engine Oil
- Transmission Fluids
- Gear Oils
- Light Vehicle Engine Oil Sectors
- Professional
- Automobile Dealerships
- Quick Lubes
- Other Professional Outlets
- DIY
- Commercial/Industrial
- Agriculture
- Agriculture Industry Outlook
- Agriculture Lubricant Demand
- Power Generation
- Electricity Generation Industry Outlook
- Power Generation Lubricant Demand
- Construction Equipment
- Construction Industry Outlook
- Construction Equipment Lubricant Demand
- Petroleum & Natural Gas Production
- Petroleum & Natural Gas Industry Outlook
- Petroleum & Natural Gas Lubricant Demand
- Mining
- Mining Industry Outlook
- Mining Industry Lubricant Demand
- Other Commercial/Industrial Markets
- Transportation Equipment Aftermarket
- Heavy-Duty Trucks & Buses
- Heavy-Duty Trucks & Buses Industry Outlook
- Heavy-Duty Truck & 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 Aftermarket
- Nondurable Goods Manufacturing
- Plastics & Rubber
- Plastics & Rubber Industry Outlook
- Plastics & Rubber Lubricant Demand
- Food & Beverages
- Food & Beverage Industry Outlook
- Food & Beverage Lubricant Demand
- Cosmetics & Toiletries
- Cosmetic & Toiletry Industry Outlook
- Cosmetic & Toiletry Lubricant Demand
- Printing Inks
- Printing Ink Industry Outlook
- Printing Ink Lubricant Demand
- Chemicals
- Chemical Industry Outlook
- Chemical Product Lubricant Demand
- Paper & Textiles
- Paper & Textiles Industry Outlook
- Paper & Textile Lubricant Demand
- Other Nondurable Goods Manufacturing
- Durable Goods Manufacturing
- Transportation OEM
- Transportation Equipment Industry Outlook
- Transportation Equipment OEM Lubricant Demand
- Machinery
- Machinery Industry Outlook
- Machinery Production Lubricant Demand
- Metals
- Metal Products Industry Outlook
- Metal Production Lubricant Demand
- Other Durable Goods Manufacturing
- VI. INDUSTRY STRUCTURE
- General
- Industry Composition
- Market Share
- Shell
- Exxon Mobil
- Chevron
- ConocoPhillips
- BP
- Ashland
- Other Leaders
- Competitive Strategies
- Low Cost Production
- Strategic Partnerships
- Acquisitions & Divestitures
- Refining & Blending
- Marketing
- Industrial Lubricant Marketing Strategies
- Automotive Lubricant Marketing Strategies
- Brand Name Recognition
- Sports Sponsorship
- Distribution
- Company Profiles
- Acheson Colloids Company, see Henkel
- Air BP Limited, see BP plc
- Akzo Nobel NV
- AMSOIL Incorporated
- Anderol Specialty Lubricants Incorporated, see Chemtura
- Ashland Incorporated
- BP plc
- Burmah Castrol plc, see BP plc
- Calumet Specialty Products Partners LP
- Castrol Industrial North America, see BP plc
- Chemtura Corporation
- Chevron Corporation
- Chevron Phillips Chemical Company LLC
- CIMCOOL Global Industrial Fluids, see Milacron
- CITGO Petroleum Corp., see Petroleos de Venezuela SA
- ConocoPhillips
- CPI Engineering Services, see Lubrizol
- Croda International plc
- Cross Oil Refining & Marketing Incorporated
- Dow Chemical Company
- DuPont (EI) de Nemours
- Ergon Incorporated
- Excel Paralubes, see ConocoPhillips
- Exxon Mobil Corporation
- FUCHS Petrolub AG
- Hatco Corporation, see Chemtura Corporation
- Henkel AG & Company KGaA
- Hercules Incorporated
- Houghton International Incorporated
- Houston Refining LP, see LyondellBassell Industries
- Illinois Tool Works Incorporated
- ITW ROCOL North America, see Illinois Tool Works
- Kaufman Holdings Corporation, see Chemtura
- LPS Laboratories, see Illinois Tool Works
- Lubrizol Corporation
- LyondellBasell Industries AF SCA
- Marathon Oil Corporation
- Metal Mates Incorporated, see Illinois Tool Works
- Milacron Incorporated
- Motiva Enterprises LLC, see Royal Dutch Shell plc
- Nalco Holdings LLC
- Oak International Incorporated, see Milacron
- Penreco, see Calumet Specialty Products Partners LP
- Petro-Canada Limited
- Petroleos de Venezuela SA
- Quaker Chemical Corporation
- Royal Dutch Shell plc
- Safety-Kleen Systems Incorporated
- San Joaquin Refining Company Incorporated
- Sonneborn LLC
- Stuart (DA) Company
- Sunoco Incorporated
- Total SA
- Uniqema North America Incorporated, see Croda
- Valero Energy Corporation
- Valvoline Company, see Ashland Incorporated
- Warren Oil Incorporated
- Other Companies Mentioned in Study
- LIST OF TABLES
- SECTION I -- EXECUTIVE SUMMARY
- Summary Table
- SECTION II -- MARKET ENVIRONMENT
- 1 Macroeconomic Indicators
- 2 Manufacturers’ Shipments
- 3 Personal Consumption Expenditures
- 4 Motor Vehicle Indicators
- 5 Petroleum Industry Indicators
- 6 Lubricant Market, 1997-2007
- 7 Lubricant Pricing
- 8 US Finished Lubricant Foreign Trade
- SECTION III -- LUBRICANT BASE OILS
- 1 Lubricant Base Oil Demand
- 2 Petroleum Base Oil Supply & Demand
- 3 Petroleum Base Oil Refining Capacity, 2007
- 4 Other Lubricant Base Oil Demand
- 5 Synthetic Lubricant Demand by Type
- 6 Re-Refined Lubricant Demand
- 7 Bio-Based Lubricant Demand
- SECTION IV -- LUBRICANT PRODUCTS
- 1 Lubricant Demand by Type
- 2 Engine Oil Demand
- 3 Motor Vehicle Engine Oil Demand by Market
- 4 Motor Vehicle Engine Oil Demand by Grade
- 5 Other Engine Oil Demand
- 6 Process Oil Demand
- 7 White Oil Demand
- 8 Rubber Oil Demand
- 9 Electrical Oil Demand
- 10 Other Process Oil Demand
- 11 General Industrial Oil Demand
- 12 Industrial Hydraulic Fluid Demand
- 13 Industrial Turbine Oil Demand
- 14 Fire-Resistant Fluid Demand
- 15 Other General Industrial Oil Demand
- 16 Transmission & Hydraulic Fluid Demand
- 17 Metalworking Fluid Demand
- 18 Gear Oil Demand
- 19 Grease Demand
- SECTION V -- LUBRICANT MARKETS
- 1 Lubricant Demand by Market
- 2 Light Vehicles in Use
- 3 Light Vehicle Aftermarket Lubricant Demand
- 4 Light Vehicle Engine Oil Demand by Sector
- 5 Commercial/Industrial Lubricant Demand
- 6 Agricultural Indicators
- 7 Agricultural Lubricants Demand
- 8 Electricity Generation
- 9 Power Generation Lubricant Demand
- 10 Construction Expenditures
- 11 Construction Equipment Lubricants Demand
- 12 Petroleum & Natural Gas Production
- 13 Petroleum & Natural Gas Lubricant Demand
- 14 Mining Materials Handled
- 15 Mining Lubricant Demand
- 16 Other Commercial/Industrial Lubricant Demand
- 17 Transportation Equipment Aftermarket Lubricant Demand
- 18 Heavy Truck & Bus Indicators
- 19 Heavy Truck & Bus Aftermarket Lubricant Demand
- 20 Waterborne Commerce Indicators
- 21 Marine Lubricant Demand
- 22 Railroad Indicators
- 23 Railroad Lubricant Demand
- 24 Aircraft in Service
- 25 Aerospace Lubricant Demand
- 26 Other Transportation Lubricant Demand
- 27 Nondurable Goods Lubricant Demand
- 28 Plastics & Rubber Demand
- 29 Plastics & Rubber Market for Lubricants
- 30 Food & Beverage Shipments
- 31 Food & Beverage Lubricant Demand
- 32 Cosmetic & Toiletry Supply & Demand
- 33 Cosmetic & Toiletry Lubricant Demand
- 34 Printing Ink Production
- 35 Printing Ink Lubricant Demand
- 36 Chemical Product Shipments
- 37 Chemical Product Lubricant Demand
- 38 Paper & Textile Products Shipments
- 39 Paper & Textile Lubricant Demand
- 40 Other Nondurable Goods Manufacturing Lubricant Demand
- 41 Durable Goods Manufacturing Lubricant Demand
- 42 Transportation Equipment Shipments
- 43 Transportation OEM Lubricant Demand
- 44 Machinery Shipments
- 45 Machinery Production Lubricant Demand
- 46 Metal Products Shipments
- 47 Metal Production Lubricant Demand
- 48 Other Durable Goods Manufacturing Lubricant Demand
- SECTION VI -- INDUSTRY STRUCTURE
- 1 US Lubricant Sales by Company, 2007
- 2 Selected Cooperative Agreements
- 3 Selected Acquisitions & Divestitures
- LIST OF CHARTS
- SECTION II -- MARKET ENVIRONMENT
- 1 Lubricant Market, 1997-2007
- SECTION III -- LUBRICANT BASE OILS
- 1 Lubricant Production Flowchart
- 2 Petroleum Base Oil Refining Stages
- 3 Petroleum Base Oil Demand by Type, 1997-2017
- 4 Petroleum Base Oil Refining Capacity, 2007
- SECTION IV -- LUBRICANT PRODUCTS
- 1 Lubricant Demand by Type, 2007
- 2 Motor Vehicle Engine Oil Demand by Grade, 1997-2017
- 3 Process Oil Demand by Type, 2007
- 4 General Industrial Oil Demand by Type, 2007
- 5 Transmission & Hydraulic Fluid Demand by Type, 2007
- SECTION V -- LUBRICANT MARKETS
- 1 Lubricant Demand by Market, 2007
- 2 Commercial/Industrial Lubricant Demand, 2007
- 3 Transportation Equipment Aftermarket for Lubricants, 2007
- 4 Nondurable Goods Lubricant Demand by Market, 2007
- 5 Durable Goods Manufacturing Lubricant Demand by Market, 2007
- SECTION VI -- INDUSTRY STRUCTURE
- 1 US Finished Lubricant Market Share, 2007
More DetailsEngine oil quality continues to improveDemand for engine oils -- which accounted for just over half of total lubricant demand in 2007 -- will be boosted by the increasing number of motor vehicles in use, although this will be offset somewhat by trends toward less frequent oil changes. Process oils usage will be hindered by trends toward minimum quantity lubrication and dry machining. Demand for transmission and hydraulic fluids is projected to reverse recent declines, although growth will be limited by changing standards for automatic transmission fluids, which will continue to increase drain intervals.
Study coverageLubricants, a new Freedonia industry study, is available for $4700. It presents historical demand data (1997, 2002 and 2007) plus forecasts for 2012 and 2017 by lubricant base oil (e.g., petroleum, synthetic, re-refined, bio-based), type (e.g., engine, process, general industrial, transmission and hydraulic), and market (e.g., nondurable goods manufacturing, light vehicle aftermarket, commercial/ industrial). The study also considers market environment factors, evaluates company market share and profiles nearly 50 industry players, including Ashland, BP, Chevron, CITGO, ConocoPhillips, ExxonMobil and Shell.
