Sample - Lubricants Market Analysis and Segment Forecasts To 2022 PDF

Lubricants Market Analysis By Product, Industrial (Process Oils, General
Industrial Oils, Metal Working Fluids, Industrial Engine Oils), Automotive

(Heavy-Duty Engine Oils, Hydraulic & Transmission Fluid, Gear Oil, Passenger
Vehicle Engine Oils, Automatic Transmission Fluid, Gear Oil) Analysis And
Segment Forecasts To 2022
About Us
Grand View Research, Inc.

28 2nd Street, Suite 3036
San Francisco, CA 94105
United States
Phone: 1-415-349-0058
Email: sales@grandviewresearch.com
Lubricants Market Analysis And Segment Forecasts To 2022
About Us
Grand View Research is a market research and consulting company that provides syndicated
research reports, customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring relevant and factbased research across a range of industries including Technology, Chemicals, Materials, and
Energy. With a deep-seated understanding of many business environments, Grand View
Research provides strategic objective insights. We periodically update our market research
studies to ensure our clients get the most recent, relevant, and valuable information. Grand
View Research has a strong base of analysts and consultants from assorted areas of expertise.
Our industry experience and ability to zero-in on the crux of any challenge gives you and your
organization the ability to secure a competitive advantage.
Copyright 2015 Grand View Research Inc., USA

All Rights Reserved. This document contains highly confidential information and is the sole
property of Grand View Research. No part of it may be circulated, copied, quoted, or otherwise
reproduced without the approval of Grand View Research.
Grand View Research, Inc., USA. All Rights Reserved.
Page | 2
Table of Contents
Chapter 1
Methodology and Scope
1.1
Research Methodology
1.2
Research Scope & Assumptions
1.3
List of Data Sources
Chapter 1
Executive Summary
Chapter 2
Lubricants Industry Outlook
2.1
Market Segmentation
2.2
Market Size and Growth Prospects
2.3
Lubricants - Value Chain Analysis
2.4
Lubricants Regulatory/Legislative Framework
2.5
2.4.1
ECHA (Europe Chemical Agency)
2.4.2
U.S. EPA (United States Environmental Protection Agency)
2.4.3
U.S. FDA (Food & Drug Administration)
Lubricants Market Dynamics

2.5.1
2.5.2
Market driver analysis

2.5.1.1
Rapid industrialization in BRICS nations
2.5.1.2
Positive automotive outlook
Market restraint analysis

2.5.2.1
Emergence of bio-based lubricants
2.5.2.2
Stringent environment regulations
2.6
Raw material analysis
2.7
Key Opportunities Prioritized
2.8
Industry Analysis Porters
2.9
Global Lubricants Company market share analysis, 2013
2.10
Lubricants PESTEL Analysis
Chapter 3
Lubricants Product Outlook
3.1
Global lubricants market volume share by product, 2014 & 2022
3.2
Industrial
3.2.1
Global industrial lubricants market estimates and forecast, 2012-2022
3.2.2
Global industrial lubricants market estimates and forecast, by region,

2012-2022
Page | 3
3.2.3
Global industrial lubricants market estimates and forecast, by product,

2012-2022
3.2.4
Process Oils
3.2.5
3.2.6
3.2.7
3.2.8
3.3
3.2.4.1
Global process oils market estimates and forecast,

2012-2022
3.2.4.2
Global process oils market estimates and forecast,

by region, 2012-2022
General Industrial Oils

3.2.5.1
Global general industrial oils market estimates and

forecast, 2012-2022
3.2.5.2
Global general industrial oils market estimates and

forecast, by region, 2012-2022
Metal Working Fluids

3.2.6.1
Global metal working fluids market estimates and

forecast, 2012-2022
3.2.6.2
Global metal working fluids market estimates and

Industrial engine oils

3.2.7.1
Global industrial engine oils market estimates and

forecast, 2012-2022
3.2.7.2
Global industrial engine oils market estimates and

Others
3.2.8.1
Global other industrial lubricants market estimates

and forecast, 2012-2022
3.2.8.2
Global other industrial lubricants market estimates

and forecast, by region, 2012-2022
Commercial automotive
3.3.1
Global commercial automotive lubricants market estimates and forecast,

2012-2022
3.3.2

by region, 2012-2022
3.3.3

by product, 2012-2022
3.3.4
Heavy Duty Engine Oil
3.3.5
3.3.4.1
Global heavy duty engine oil market estimates and

forecast, 2012-2022
3.3.4.2
Global heavy duty engine oil market estimates and

Hydraulic & transmission fluid
Page | 4
3.3.6
3.3.7
3.4
3.3.5.1
Global hydraulic & transmission fluid market

estimates and forecast, 2012-2022
3.3.5.2
Global hydraulic & transmission fluid market

estimates and forecast, by region, 2012-2022
Gear Oil
3.3.6.1
Global gear oil market estimates and forecast, 20122022
3.3.6.2
Global gear oil market estimates and forecast, by

region, 2012-2022
Grease
3.3.7.1
Global grease market estimates and forecast, 20122022
3.3.7.2
Global grease market estimates and forecast, by

region, 2012-2022
Consumer automotive
3.4.1
Global consumer automotive lubricants market estimates and forecast,

2012-2022
3.4.2
Global consumer automotive lubricants market estimates and forecast, by

region, 2012-2022
3.4.3
Global consumer automotive lubricants market estimates and forecast, by

product, 2012-2022
3.4.4
Passenger vehicle & motor oil
3.4.5
3.4.6
3.4.7
3.4.4.1
Global passenger vehicle & motor oil market

3.4.4.2
Global passenger vehicle & motor oil market

Automatic transmission fluid

3.4.5.1
Global automatic transmission fluid market

3.4.5.2
Global automatic transmission fluid market

Gear oil
3.4.6.1
Global gear oil market estimates and forecast, 20122022
3.4.6.2
Global gear oil market estimates and forecast, by

region, 2012-2022
Grease
3.4.7.1
Global grease market estimates and forecast, 20122022
Page | 5
3.4.7.2
Chapter 4
Global grease market estimates and forecast, by

region, 2012-2022
Lubricants Regional Outlook
4.1
Global lubricants market volume share by region, 2014 & 2022
4.2
North America
4.2.1
North America lubricants market estimates and forecast, 2012 2022
4.2.2
North America lubricants market estimates and forecast, by product,

2012-2022
4.2.2.1
North America industrial lubricants market estimates

and forecast by product, 2012 2022
4.2.2.2
North America commercial automotive market

estimates and forecast by product, 2012 2022
4.2.2.3
North America consumer automotive market

4.2.3
4.3
U.S.
4.2.3.1
U.S. lubricants market estimates and forecast,

2012-2022
4.2.3.2
U.S. lubricants market estimates and forecast, by

application, 2012-2022
4.2.3.2.1
U.S. industrial lubricants market estimates

4.2.3.2.2
U.S. commercial automotive market

estimates and forecast by product, 2012
2022
4.2.3.2.3
U.S. consumer automotive market estimates

Europe
4.3.1
Europe lubricants market estimates and forecast, 2012 2022
4.3.2
Europe lubricants market estimates and forecast, by product, 2012-2022
4.3.3
4.3.2.1
Europe industrial lubricants market estimates and

forecast by product, 2012 2022
4.3.2.2
Europe commercial automotive market estimates

4.3.2.3
Europe consumer automotive market estimates and

UK
4.3.3.1
UK lubricants market estimates and forecast, 20122022
Page | 6
4.3.3.2
4.3.4
4.4
UK lubricants market estimates and forecast, by

4.3.3.2.1
UK industrial lubricants market estimates and

4.3.3.2.2
UK commercial automotive market estimates

4.3.3.2.3
UK consumer automotive market estimates

Germany
4.3.4.1
Germany lubricants market estimates and forecast,

2012-2022
4.3.4.2
Germany lubricants market estimates and forecast,

by application, 2012-2022
4.3.4.2.1
Germany industrial lubricants market

2022
4.3.4.2.2
Germany commercial automotive market

2022
4.3.4.2.3
Germany consumer automotive market

2022
Asia Pacific
4.4.1
Asia Pacific lubricants market estimates and forecast, 2012 2022
4.4.2
Asia Pacific lubricants market estimates and forecast, by product, 20122022
4.4.3
4.4.2.1
Asia Pacific industrial lubricants market estimates

4.4.2.2
Asia Pacific commercial automotive market

4.4.2.3
Asia Pacific consumer automotive market estimates

China
4.4.3.1
China lubricants market estimates and forecast,

2012-2022
4.4.3.2
China lubricants market estimates and forecast, by

4.4.3.2.1
China industrial lubricants market estimates

Page | 7
4.4.4
4.4.5
4.5
4.4.3.2.2
China commercial automotive market

2022
4.4.3.2.3
China consumer automotive market estimates

India
4.4.4.1
India lubricants market estimates and forecast,

2012-2022
4.4.4.2
India lubricants market estimates and forecast, by

4.4.4.2.1
India industrial lubricants market estimates

4.4.4.2.2
India commercial automotive market

2022
4.4.4.2.3
India consumer automotive market estimates

Japan
4.4.5.1
Japan lubricants market estimates and forecast,

2012-2022
4.4.5.2
Japan lubricants market estimates and forecast, by

4.4.5.2.1
Japan industrial lubricants market estimates

4.4.5.2.2
Japan commercial automotive market

2022
4.4.5.2.3
Japan consumer automotive market

2022
Central & South America

4.5.1
Central & South America lubricants market estimates and forecast, 2012
2022
4.5.2
Central & South America lubricants market estimates and forecast, by

product, 2012-2022
4.5.2.1
Central & South America industrial lubricants market

4.5.2.2
Central & South America commercial automotive

market estimates and forecast by product, 2012
2022
Page | 8
4.5.2.3
4.6
Middle East & Africa

4.6.1
Middle East & Africa lubricants market estimates and forecast, 2012
2022
4.6.2
Middle East & Africa lubricants market estimates and forecast, by

product, 2012-2022
Chapter 5
5.1
5.2
5.3
5.4
5.5
Central & South America consumer automotive

market estimates and forecast by product, 2012
2022
4.6.2.1
Middle East & Africa industrial lubricants market

4.6.2.2
Middle East & Africa commercial automotive market

4.6.2.3
Middle East & Africa consumer automotive market

Competitive Landscape
Exxon Mobil
5.1.1
Company Overview
5.1.2
Financial Performance
5.1.3
Product Benchmarking
5.1.4
Strategic Initiatives
Shell
5.2.1
Company Overview
5.2.2
5.2.3
5.2.4
British Petroleum
5.3.1
Company Overview
5.3.2
5.3.3
5.3.4
Total
5.4.1
Company Overview
5.4.2
5.4.3
5.4.4
Chevron
Page | 9
5.6
5.7
5.8
5.9
5.10
5.11
5.12
5.5.1
Company Overview
5.5.2
5.5.3
5.5.4
Fuchs Group
5.6.1
Company overview
5.6.2
5.6.3
5.6.4
Pennzoil
5.7.1
Company Overview
5.7.2
5.7.3
5.7.4
Amsoil Inc.
5.8.1
Company overview
5.8.2
5.8.3
5.8.4
Kendall (Phillips 66)

5.9.1
Company Overview
5.9.2
5.9.3
5.9.4
Strategic initiatives
Valvoline
5.10.1
Company Overview
5.10.2
5.10.3
5.10.4
Strategic initiatives
Castrol
5.11.1
Company Overview
5.11.2
5.11.3
5.11.4
PetroChina
Page | 10
5.13
5.14
5.15
5.16
5.17
5.18
5.19
5.12.1
Company Overview
5.12.2
5.12.3
5.12.4
Sinopec Corp.
5.13.1
Company Overview
5.13.2
5.13.3
5.13.4
Idemitsu Oil & Gas Co. Ltd.

5.14.1
Company Overview
5.14.2
5.14.3
5.14.4
Luk Oil
5.15.1
Company Overview
5.15.2
5.15.3
5.15.4
Nippon Oil
5.16.1
Company Overview
5.16.2
5.16.3
5.16.4
Petrobras
5.17.1
Company Overview
5.17.2
5.17.3
5.17.4
Petronas
5.18.1
Company Overview
5.18.2
5.18.3
5.18.4
Quaker Chemical Corporation
Page | 11
5.20
5.21
5.22
5.23
5.19.1
Company Overview
5.19.2
5.19.3
5.19.4
PetroFer Chemie
5.20.1
Company Overview
5.20.2
5.20.3
5.20.4
Zeller+Gmelin Corporation
5.21.1
Company Overview
5.21.2
5.21.3
Buhmwoo Chemical Ind. Co., Ltd.

5.22.1
Company Overview
5.22.2
5.22.3
Blaser Swisslube AG
5.23.1
Company Overview
5.23.2
5.23.3
Page | 12
List of Tables
TABLE 1
Global Lubricants Industry Summary & Critical Success Factors (CSFs)
TABLE 2
Global lubricants market estimates, 2012 2014, (Million Tons) (USD Million)
TABLE 3
Global lubricants market estimates and forecasts, 2015 2022, (Million Tons)
(USD Million)
TABLE 4
Global lubricants market volume by region, 2012 2014, (Million Tons)
TABLE 5
TABLE 6
Global lubricants market revenue by region, 2012 2014, (USD Million)
TABLE 7
TABLE 8
Global lubricants market volume by product, 2012 2014, (Million Tons)
TABLE 9
TABLE 10
Global lubricants market revenue by product, 2012 2014, (USD Million)
TABLE 11
TABLE 12
Global industrial lubricants market estimates, 2012 2014, (Million Tons) (USD
Million)
TABLE 13
Global industrial lubricants market estimates and forecast, 2015 2022, (Million
Tons) (USD Million)
TABLE 14
Global industrial lubricants market volume by region, 2012 2014, (Million Tons)
TABLE 15
Global industrial lubricants market volume by region, 2015 2022, (Million Tons)
TABLE 16
Global industrial lubricants market revenue by region, 2012 2014, (USD Million)
TABLE 17
Global industrial lubricants market revenue by region, 2015 2022, (USD Million)
TABLE 18
Global industrial lubricants market volume by product, 2012 2014, (Million Tons)
TABLE 19
Global industrial lubricants market volume by product, 2015 2022, (Million Tons)
TABLE 20
Global industrial lubricants market revenue by product, 2012 2014, (USD Million)
TABLE 21
Global industrial lubricants market revenue by product, 2015 2022, (USD Million)
TABLE 22
Global process oils market estimates, 2012 2014, (Million Tons) (USD Million)
TABLE 23
Global process oils market estimates and forecast, 2015 2022, (Million Tons)
(USD Million)
TABLE 24
Global process oils market volume by region, 2012 2014, (Million Tons)
TABLE 25
Global process oils market volume by region, 2015 2022, (Million Tons)
TABLE 26
Global process oils market revenue by region, 2012 2014, (USD Million)
TABLE 27
Global process oils market revenue by region, 2015 2022, (USD Million)
TABLE 28
Global general industrial oils market estimates, 2012 2014, (Million Tons) (USD
Million)
TABLE 29
Global general industrial oils market estimates and forecast, 2015 2022, (Million
Tons) (USD Million)
TABLE 30
Global general industrial oils market volume by region, 2012 2014, (Million Tons)
TABLE 31
Global general industrial oils market volume by region, 2015 2022, (Million Tons)
Page | 13
TABLE 32
Global general industrial oils market revenue by region, 2012 2014, (USD
Million)
TABLE 33
Global general industrial oils market revenue by region, 2015 2022, (USD
Million)
TABLE 34
Global metal working fluids market estimates, 2012 2014, (Million Tons) (USD
Million)
TABLE 35
Global metal working fluids market estimates and forecast, 2015 2022, (Million
Tons) (USD Million)
TABLE 36
Global metal working fluids market volume by region, 2012 2014, (Million Tons)
TABLE 37
Global metal working fluids market volume by region, 2015 2022, (Million Tons)
TABLE 38
Global metal working fluids market revenue by region, 2012 2014, (USD Million)
TABLE 39
Global metal working fluids market revenue by region, 2015 2022, (USD Million)
TABLE 40
Global industrial engine oils market estimates, 2012 2014, (Million Tons) (USD
Million)
TABLE 41
Global industrial engine oils market estimates and forecast, 2015 2022, (Million
Tons) (USD Million)
TABLE 42
Global industrial engine oils market volume by region, 2012 2014, (Million Tons)
TABLE 43
Global industrial engine oils market volume by region, 2015 2022, (Million Tons)
TABLE 44
Global industrial engine oils market revenue by region, 2012 2014, (USD Million)
TABLE 45
Global industrial engine oils market revenue by region, 2015 2022, (USD Million)
TABLE 46
Global other industrial lubricants market estimates, 2012 2014, (Million Tons)
(USD Million)
TABLE 47
Global other industrial lubricants market estimates and forecast, 2015 2022,
(Million Tons) (USD Million)
TABLE 48
Global other industrial lubricants market volume by region, 2012 2014, (Million
Tons)
TABLE 49
Global other industrial lubricants market volume by region, 2015 2022, (Million
Tons)
TABLE 50
Global other industrial lubricants market revenue by region, 2012 2014, (USD
Million)
TABLE 51
Global other industrial lubricants market revenue by region, 2015 2022, (USD
Million)
TABLE 52
Global commercial automotive lubricants market estimates, 2012 2014, (Million

Tons) (USD Million)
TABLE 53
Global commercial automotive lubricants market estimates and forecast, 2015

2022, (Million Tons) (USD Million)
TABLE 54
Global commercial automotive lubricants market volume by region, 2012 2014,

(Million Tons)
TABLE 55
Global commercial automotive lubricants market volume by region, 2015 2022,

(Million Tons)
TABLE 56
Global commercial automotive lubricants market revenue by region, 2012 2014,

(USD Million)
Page | 14
TABLE 57
Global commercial automotive lubricants market revenue by region, 2015 2022,

(USD Million)
TABLE 58
Global commercial automotive lubricants market volume by product, 2012 2014,

(Million Tons)
TABLE 59
Global commercial automotive lubricants market volume by product, 2015 2022,

(Million Tons)
TABLE 60
Global commercial automotive lubricants market revenue by product, 2012 2014,

(USD Million)
TABLE 61
Global commercial automotive lubricants market revenue by product, 2015 2022,

(USD Million)
TABLE 62
Global heavy duty engine oil market estimates, 2012 2014, (Million Tons) (USD
Million)
TABLE 63
Global heavy duty engine oil market estimates and forecast, 2015 2022, (Million
Tons) (USD Million)
TABLE 64
Global heavy duty engine oil market volume by region, 2012 2014, (Million Tons)
TABLE 65
Global heavy duty engine oil market volume by region, 2015 2022, (Million Tons)
TABLE 66
Global heavy duty engine oil market revenue by region, 2012 2014, (USD
Million)
TABLE 67
Global heavy duty engine oil market revenue by region, 2015 2022, (USD Million)
TABLE 68
Global hydraulic & transmission fluid market estimates, 2012 2014, (Million Tons)
(USD Million)
TABLE 69
Global hydraulic & transmission fluid market estimates and forecast, 2015 2022,
TABLE 70
Global hydraulic & transmission fluid market volume by region, 2012 2014,
(Million Tons)
TABLE 71
Global hydraulic & transmission fluid market volume by region, 2015 2022,
(Million Tons)
TABLE 72
Global hydraulic & transmission fluid market revenue by region, 2012 2014,
(USD Million)
TABLE 73
Global hydraulic & transmission fluid market revenue by region, 2015 2022,
(USD Million)
TABLE 74
Global gear oil market estimates, 2012 2014, (Million Tons) (USD Million)
TABLE 75
Global gear oil market estimates and forecast, 2015 2022, (Million Tons) (USD
Million)
TABLE 76
Global gear oil market volume by region, 2012 2014, (Million Tons)
TABLE 77
TABLE 78
Global gear oil market revenue by region, 2012 2014, (USD Million)
TABLE 79
TABLE 80
Global grease market estimates, 2012 2014, (Million Tons) (USD Million)
TABLE 81
Global grease market estimates and forecast, 2015 2022, (Million Tons) (USD
Million)
TABLE 82
Global grease market volume by region, 2012 2014, (Million Tons)
TABLE 83
Page | 15
TABLE 84
Global grease market revenue by region, 2012 2014, (USD Million)
TABLE 85
TABLE 86
TABLE 87
Global consumer automotive lubricants market estimates and forecast, 2015

2022, (Million Tons) (USD Million)
TABLE 88
Global consumer automotive lubricants market volume by region, 2012 2014,

(Million Tons)
TABLE 89
Global consumer automotive lubricants market volume by region, 2015 2022,

(Million Tons)
TABLE 90
Global consumer automotive lubricants market revenue by region, 2012 2014,

(USD Million)
TABLE 91
Global consumer automotive lubricants market revenue by region, 2015 2022,

(USD Million)
TABLE 92
Global consumer automotive lubricants market volume by product, 2012 2014,

(Million Tons)
TABLE 93
Global consumer automotive lubricants market volume by product, 2015 2022,

(Million Tons)
TABLE 94
Global consumer automotive lubricants market revenue by product, 2012 2014,

(USD Million)
TABLE 95
Global consumer automotive lubricants market revenue by product, 2015 2022,

(USD Million)
TABLE 96
Global general industrial market estimates, 2012 2014, (Million Tons) (USD
Million)
TABLE 97
Global passenger vehicle & motor oil market estimates and forecast, 2015 2022,
TABLE 98
Global passenger vehicle & motor oil market volume by region, 2012 2014,
(Million Tons)
TABLE 99
Global passenger vehicle & motor oil market volume by region, 2015 2022,
(Million Tons)
TABLE 100
Global passenger vehicle & motor oil market revenue by region, 2012 2014,
(USD Million)
TABLE 101
Global passenger vehicle & motor oil market revenue by region, 2015 2022,
(USD Million)
TABLE 102
Global automatic transmission fluid market estimates and forecast, 2012 2014,
TABLE 103
Global automatic transmission fluid market estimates and forecast, 2015 2022,
TABLE 104
Global automatic transmission fluid market volume by region, 2012 2014, (Million
Tons)
TABLE 105
Global automatic transmission fluid market volume by region, 2015 2022, (Million
Tons)
TABLE 106
Global automatic transmission fluid market revenue by region, 2012 2014, (USD
Million)
Page | 16
TABLE 107
Global automatic transmission fluid market revenue by region, 2015 2022, (USD
Million)
TABLE 108
Million)
TABLE 109
Million)
TABLE 110
TABLE 111
TABLE 112
TABLE 113
TABLE 114
Million)
TABLE 115
Million)
TABLE 116
TABLE 117
TABLE 118
TABLE 119
TABLE 120
North America lubricants market estimates, 2012-2014, (Million Tons) (USD

Million)
TABLE 121
North America lubricants market estimates and forecasts, 2015-2022, (Million

Tons) (USD Million)
TABLE 122
North America lubricants volume estimates, by product, 2012-2014, (Million Tons)
TABLE 123
North America lubricants volume estimates and forecast, by product, 2015-2022,

(Million Tons)
TABLE 124
North America lubricants revenue estimates, by product, 2012-2014, (USD Million)
TABLE 125
North America lubricants revenue estimates and forecast, by product, 2015-2022,

(USD Million)
TABLE 126
North America industrial lubricants volume estimates, by product, 2012-2014,

(Million Tons)
TABLE 127
North America industrial lubricants volume estimates and forecast, by product,

2015-2022, (Million Tons)
TABLE 128
North America industrial lubricants revenue estimates, by product, 2012-2014,

(USD Million)
TABLE 129
North America industrial lubricants revenue estimates and forecast, by product,

2015-2022, (USD Million)
TABLE 130
North America commercial automotive volume estimates, by product, 2012-2014,

(Million Tons)
TABLE 131
North America commercial automotive volume estimates and forecast, by product,

TABLE 132
North America commercial automotive revenue estimates, by product, 2012-2014,

(USD Million)
Page | 17
TABLE 133
North America commercial automotive revenue estimates and forecast, by product,

TABLE 134
North America consumer automotive volume estimates, by product, 2012-2014,

(Million Tons)
TABLE 135
North America consumer automotive volume estimates and forecast, by product,

TABLE 136
North America consumer automotive revenue estimates, by product, 2012-2014,

(USD Million)
TABLE 137
North America consumer automotive revenue estimates and forecast, by product,

TABLE 138
U.S. lubricants market estimates and forecasts, 2012-2014, (Million Tons) (USD
Million)
TABLE 139
U.S. lubricants market estimates and forecasts, 2015-2022, (Million Tons) (USD
Million)
TABLE 140
U.S. lubricants volume estimates, by product, 2012-2014, (Million Tons)
TABLE 141
U.S. lubricants volume estimates and forecast, by product, 2015-2022, (Million

Tons)
TABLE 142
U.S. lubricants revenue estimates, by product, 2012-2014, (USD Million)
TABLE 143
U.S. lubricants revenue estimates and forecast, by product, 2015-2022, (USD

Million)
TABLE 144
U.S. industrial lubricants volume estimates, by product, 2012-2014, (Million Tons)
TABLE 145
U.S. industrial lubricants volume estimates and forecast, by product, 2015-2022,

(Million Tons)
TABLE 146
U.S. industrial lubricants revenue estimates, by product, 2012-2014, (USD Million)
TABLE 147
U.S. industrial lubricants revenue estimates and forecast, by product, 2015-2022,

(USD Million)
TABLE 148
U.S. commercial automotive volume estimates, by product, 2012-2014, (Million

Tons)
TABLE 149
U.S. commercial automotive volume estimates and forecast, by product, 20152022, (Million Tons)
TABLE 150
U.S. commercial automotive revenue estimates, by product, 2012-2014, (USD

Million)
TABLE 151
U.S. commercial automotive revenue estimates and forecast, by product, 20152022, (USD Million)
TABLE 152
U.S. consumer automotive volume estimates, by product, 2012-2014, (Million

Tons)
TABLE 153
U.S. consumer automotive volume estimates and forecast, by product, 2015-2022,

(Million Tons)
TABLE 154
U.S. consumer automotive revenue estimates and forecast, by product, 20122014, (USD Million)
TABLE 155
U.S. consumer automotive revenue estimates and forecast, by product, 20152022, (USD Million)
TABLE 156
Europe lubricants market estimates, 2012-2014, (Million Tons) (USD Million)
Page | 18
TABLE 157
Europe lubricants market estimates and forecasts, 2015-2022, (Million Tons) (USD
Million)
TABLE 158
Europe lubricants volume estimates, by product, 2012-2014, (Million Tons)
TABLE 159
Europe lubricants volume estimates and forecast, by product, 2015-2022, (Million

Tons)
TABLE 160
Europe lubricants revenue estimates, by product, 2012-2014, (USD Million)
TABLE 161
Europe lubricants revenue estimates and forecast, by product, 2015-2022, (USD

Million)
TABLE 162
Europe industrial lubricants volume by product, 2012-2014, (Million Tons)
TABLE 163
Europe industrial lubricants volume estimates and forecast, by product, 20152022, (Million Tons)
TABLE 164
Europe industrial lubricants revenue estimates, by product, 2012-2014, (USD

Million)
TABLE 165
Europe industrial lubricants revenue estimates and forecast, by product, 20152022, (USD Million)
TABLE 166
Europe commercial automotive volume estimates, by product, 2012-2014, (Million

Tons)
TABLE 167
Europe commercial automotive volume estimates and forecast, by product, 20152022, (Million Tons)
TABLE 168
Europe commercial automotive revenue estimates, by product, 2012-2014, (USD

Million)
TABLE 169
Europe commercial automotive revenue estimates and forecast, by product, 20152022, (USD Million)
TABLE 170
Europe consumer automotive volume estimates, by product, 2012-2014, (Million

Tons)
TABLE 171
Europe consumer automotive volume estimates and forecast, by product, 20152022, (Million Tons)
TABLE 172
Europe consumer automotive revenue estimates, by product, 2012-2014, (USD

Million)
TABLE 173
Europe consumer automotive revenue estimates and forecast, by product, 20152022, (USD Million)
TABLE 174
UK lubricants market estimates, 2012-2014, (Million Tons) (USD Million)
TABLE 175
UK lubricants market estimates and forecasts, 2015-2022, (Million Tons) (USD

Million)
TABLE 176
UK lubricants volume estimates, by product, 2012-2014, (Million Tons)
TABLE 177
UK lubricants volume estimates and forecast, by product, 2015-2022, (Million

Tons)
TABLE 178
UK lubricants revenue estimates, by product, 2012-2014, (USD Million)
TABLE 179
UK lubricants revenue estimates and forecast, by product, 2015-2022, (USD

Million)
TABLE 180
UK industrial lubricants volume estimates, by product, 2012-2014, (Million Tons)
TABLE 181
UK industrial lubricants volume estimates and forecast, by product, 2015-2022,

(Million Tons)
Page | 19
TABLE 182
UK industrial lubricants revenue estimates, by product, 2012-2014, (USD Million)
TABLE 183
UK industrial lubricants revenue estimates and forecast, by product, 2015-2022,

(USD Million)
TABLE 184
UK commercial automotive volume estimates, by product, 2012-2014, (Million

Tons)
TABLE 185
UK commercial automotive volume estimates and forecast, by product, 2015-2022,

(Million Tons)
TABLE 186
UK commercial automotive revenue estimates, by product, 2012-2014, (USD

Million)
TABLE 187
UK commercial automotive revenue estimates and forecast, by product, 20152022, (USD Million)
TABLE 188
UK consumer automotive volume estimates, by product, 2012-2014, (Million Tons)
TABLE 189
UK consumer automotive volume estimates and forecast, by product, 2015-2022,

(Million Tons)
TABLE 190
UK consumer automotive revenue estimates, by product, 2012-2014, (USD Million)
TABLE 191
UK consumer automotive revenue estimates and forecast, by product, 2015-2022,

(USD Million)
TABLE 192
Germany lubricants market estimates, 2012-2014, (Million Tons) (USD Million)
TABLE 193
Germany lubricants market estimates and forecasts, 2015-2022, (Million Tons)

(USD Million)
TABLE 194
Germany lubricants volume estimates, by product, 2012-2014, (Million Tons)
TABLE 195
Germany lubricants volume estimates and forecast, by product, 2015-2022,

(Million Tons)
TABLE 196
Germany lubricants revenue estimates, by product, 2012-2014, (USD Million)
TABLE 197
Germany lubricants revenue estimates and forecast, by product, 2015-2022, (USD

Million)
TABLE 198
Germany industrial lubricants volume estimates, by product, 2012-2014, (Million

Tons)
TABLE 199
Germany industrial lubricants volume estimates and forecast, by product, 20152022, (Million Tons)
TABLE 200
Germany industrial lubricants revenue estimates, by product, 2012-2014, (USD

Million)
TABLE 201
Germany industrial lubricants revenue estimates and forecast, by product, 20152022, (USD Million)
TABLE 202
Germany commercial automotive volume estimates, by product, 2012-2014,

(Million Tons)
TABLE 203
Germany commercial automotive volume estimates and forecast, by product,

TABLE 204
Germany commercial automotive revenue estimates, by product, 2012-2014, (USD

Million)
TABLE 205
Germany commercial automotive revenue estimates and forecast, by product,

TABLE 206
Germany consumer automotive volume estimates, by product, 2012-2014, (Million

Tons)
Page | 20
TABLE 207
Germany consumer automotive volume estimates and forecast, by product, 20152022, (Million Tons)
TABLE 208
Germany consumer automotive revenue estimates, by product, 2012-2014, (USD

Million)
TABLE 209
Germany consumer automotive revenue estimates and forecast, by product, 20152022, (USD Million)
TABLE 210
Asia Pacific lubricants market estimates, 2012-2014, (Million Tons) (USD Million)
TABLE 211
Asia Pacific lubricants market estimates and forecasts, 2015-2022, (Million Tons)
(USD Million)
TABLE 212
Asia Pacific lubricants volume estimates, by product, 2012-2014, (Million Tons)
TABLE 213
Asia Pacific lubricants volume estimates and forecast, by product, 2015-2022,

(Million Tons)
TABLE 214
Asia Pacific lubricants revenue estimates, by product, 2012-2014, (USD Million)
TABLE 215
Asia Pacific lubricants revenue estimates and forecast, by product, 2015-2022,

(USD Million)
TABLE 216
Asia Pacific industrial lubricants volume estimates, by product, 2012-2014, (Million

Tons)
TABLE 217
Asia Pacific industrial lubricants volume estimates and forecast, by product, 20152022, (Million Tons)
TABLE 218
Asia Pacific industrial lubricants revenue estimates, by product, 2012-2014, (USD

Million)
TABLE 219
Asia Pacific industrial lubricants revenue estimates and forecast, by product, 20152022, (USD Million)
TABLE 220
Asia Pacific commercial automotive volume estimates, by product, 2012-2014,

(Million Tons)
TABLE 221
Asia Pacific commercial automotive volume estimates and forecast, by product,

TABLE 222
Asia Pacific commercial automotive revenue estimates, by product, 2012-2014,

(USD Million)
TABLE 223
Asia Pacific commercial automotive revenue estimates and forecast, by product,

TABLE 224
Asia Pacific consumer automotive volume estimates, by product, 2012-2014,

(Million Tons)
TABLE 225
Asia Pacific consumer automotive volume estimates and forecast, by product,

TABLE 226
Asia Pacific consumer automotive revenue estimates, by product, 2012-2014,

(USD Million)
TABLE 227
Asia Pacific consumer automotive revenue estimates and forecast, by product,

TABLE 228
China lubricants market estimates, 2012-2014, (Million Tons) (USD Million)
TABLE 229
China lubricants market estimates and forecasts, 2015-2022, (Million Tons) (USD
Million)
TABLE 230
China lubricants volume estimates, by product, 2012-2014, (Million Tons)
Page | 21
TABLE 231
China lubricants volume estimates and forecast, by product, 2015-2022, (Million

Tons)
TABLE 232
China lubricants revenue estimates, by product, 2012-2014, (USD Million)
TABLE 233
China lubricants revenue estimates and forecast, by product, 2015-2022, (USD

Million)
TABLE 234
China industrial lubricants volume estimates, by product, 2012-2014, (Million Tons)
TABLE 235
China industrial lubricants volume estimates and forecast, by product, 2015-2022,

(Million Tons)
TABLE 236
China industrial lubricants revenue estimates, by product, 2012-2014, (USD

Million)
TABLE 237
China industrial lubricants revenue estimates and forecast, by product, 2015-2022,

(USD Million)
TABLE 238
China commercial automotive volume estimates, by product, 2012-2014, (Million

Tons)
TABLE 239
China commercial automotive volume estimates and forecast, by product, 20152022, (Million Tons)
TABLE 240
China commercial automotive revenue estimates, by product, 2012-2014, (USD

Million)
TABLE 241
China commercial automotive revenue estimates and forecast, by product, 20152022, (USD Million)
TABLE 242
China consumer automotive volume estimates, by product, 2012-2014, (Million

Tons)
TABLE 243
China consumer automotive volume estimates and forecast, by product, 20152022, (Million Tons)
TABLE 244
China consumer automotive revenue estimates, by product, 2012-2014, (USD

Million)
TABLE 245
China consumer automotive revenue estimates and forecast, by product, 20152022, (USD Million)
TABLE 246
India lubricants market estimates, 2012-2014, (Million Tons) (USD Million)
TABLE 247
India lubricants market estimates and forecasts, 2015-2022, (Million Tons) (USD
Million)
TABLE 248
India lubricants volume estimates and forecast, by product, 2012-2014, (Million

Tons)
TABLE 249
India lubricants volume estimates and forecast, by product, 2015-2022, (Million

Tons)
TABLE 250
India lubricants revenue estimates, by product, 2012-2014, (USD Million)
TABLE 251
India lubricants revenue estimates and forecast, by product, 2015-2022, (USD

Million)
TABLE 252
India industrial lubricants volume estimates, by product, 2012-2014, (Million Tons)
TABLE 253
India industrial lubricants volume estimates and forecast, by product, 2015-2022,

(Million Tons)
TABLE 254
India industrial lubricants revenue estimates, by product, 2012-2014, (USD Million)
TABLE 255
India industrial lubricants revenue estimates and forecast, by product, 2015-2022,

(USD Million)
Page | 22
TABLE 256
India commercial automotive volume estimates, by product, 2012-2014, (Million

Tons)
TABLE 257
India commercial automotive volume estimates and forecast, by product, 20152022, (Million Tons)
TABLE 258
India commercial automotive revenue estimates, by product, 2012-2014, (USD

Million)
TABLE 259
India commercial automotive revenue estimates and forecast, by product, 20152022, (USD Million)
TABLE 260
India consumer automotive volume estimates, by product, 2012-2014, (Million

Tons)
TABLE 261
India consumer automotive volume estimates and forecast, by product, 2015-2022,

(Million Tons)
TABLE 262
India consumer automotive revenue estimates, by product, 2012-2014, (USD

Million)
TABLE 263
India consumer automotive revenue estimates and forecast, by product, 20152022, (USD Million)
TABLE 264
Japan lubricants market estimates, 2012-2014, (Million Tons) (USD Million)
TABLE 265
Japan lubricants market estimates and forecasts, 2015-2022, (Million Tons) (USD
Million)
TABLE 266
Japan lubricants volume estimates, by product, 2012-2014, (Million Tons)
TABLE 267
Japan lubricants volume estimates and forecast, by product, 2015-2022, (Million

Tons)
TABLE 268
Japan lubricants revenue estimates and forecast, by product, 2012-2014, (USD

Million)
TABLE 269
Japan lubricants revenue estimates and forecast, by product, 2015-2022, (USD

Million)
TABLE 270
Japan industrial lubricants volume estimates and forecast, by product, 2012-2014,

(Million Tons)
TABLE 271
Japan industrial lubricants volume estimates and forecast, by product, 2015-2022,

(Million Tons)
TABLE 272
Japan industrial lubricants revenue estimates and forecast, by product, 2012-2014,

(USD Million)
TABLE 273
Japan industrial lubricants revenue estimates and forecast, by product, 2015-2022,

(USD Million)
TABLE 274
Japan commercial automotive volume estimates and forecast, by product, 20122014, (Million Tons)
TABLE 275
Japan commercial automotive volume estimates and forecast, by product, 20152022, (Million Tons)
TABLE 276
Japan commercial automotive revenue estimates and forecast, by product, 20122014, (USD Million)
TABLE 277
Japan commercial automotive revenue estimates and forecast, by product, 20152022, (USD Million)
TABLE 278
Japan consumer automotive volume estimates, by product, 2012-2014, (Million

Tons)
Page | 23
TABLE 279
Japan consumer automotive volume estimates and forecast, by product, 20152022, (Million Tons)
TABLE 280
Japan consumer automotive revenue estimates and forecast, by product, 20122014, (USD Million)
TABLE 281
Japan consumer automotive revenue estimates and forecast, by product, 20152022, (USD Million)
TABLE 282
Central & South America lubricants market estimates, 2012-2014, (Million Tons)
(USD Million)
TABLE 283
Central & South America lubricants market estimates and forecasts, 2015-2022,
TABLE 284
Central & South America lubricants volume estimates, by product, 2012-2014,

(Million Tons)
TABLE 285
Central & South America lubricants volume estimates and forecast, by product,
TABLE 286
Central & South America lubricants revenue estimates, by product, 2012-2014,

(USD Million)
TABLE 287
Central & South America lubricants revenue estimates and forecast, by product,
TABLE 288
Central & South America industrial lubricants volume estimates, by product, 20122014, (Million Tons)
TABLE 289
Central & South America industrial lubricants volume estimates and forecast, by
product, 2015-2022, (Million Tons)
TABLE 290
Central & South America industrial lubricants revenue estimates, by product, 20122014, (USD Million)
TABLE 291
Central & South America industrial lubricants revenue estimates and forecast, by
product, 2015-2022, (USD Million)
TABLE 292
Central & South America commercial automotive volume estimates, by product,

TABLE 293
Central & South America commercial automotive volume estimates and forecast,
by product, 2015-2022, (Million Tons)
TABLE 294
Central & South America commercial automotive revenue estimates, by product,

TABLE 295
Central & South America commercial automotive revenue estimates and forecast,
by product, 2015-2022, (USD Million)
TABLE 296
Central & South America consumer automotive volume estimates, by product,

TABLE 297
Central & South America consumer automotive volume estimates and forecast, by
TABLE 298
Central & South America consumer automotive revenue estimates, by product,

TABLE 299
Central & South America consumer automotive revenue estimates and forecast, by
TABLE 300
Middle East & Africa lubricants market estimates, 2012-2014, (Million Tons) (USD
Million)
Page | 24
TABLE 301
Middle East & Africa lubricants market estimates and forecasts, 2015-2022,
TABLE 302
Middle East & Africa lubricants volume estimates, by product, 2012-2014, (Million
Tons)
TABLE 303
Middle East & Africa lubricants volume estimates and forecast, by product, 20152022, (Million Tons)
TABLE 304
Middle East & Africa lubricants revenue estimates, by product, 2012-2014, (USD
Million)
TABLE 305
Middle East & Africa lubricants revenue estimates and forecast, by product, 20152022, (USD Million)
TABLE 306
Middle East & Africa industrial lubricants volume estimates, by product, 20122014, (Million Tons)
TABLE 307
Middle East & Africa industrial lubricants volume estimates and forecast, by
TABLE 308
Middle East & Africa industrial lubricants revenue estimates, by product, 20122014, (USD Million)
TABLE 309
Middle East & Africa industrial lubricants revenue estimates and forecast, by
TABLE 310
Middle East & Africa commercial automotive volume estimates, by product, 20122014, (Million Tons)
TABLE 311
Middle East & Africa commercial automotive volume estimates and forecast, by
TABLE 312
Middle East & Africa commercial automotive revenue estimates, by product, 20122014, (USD Million)
TABLE 313
Middle East & Africa commercial automotive revenue estimates and forecast, by
TABLE 314
Middle East & Africa consumer automotive volume estimates, by product, 20122014, (Million Tons)
TABLE 315
Middle East & Africa consumer automotive volume estimates and forecast, by
TABLE 316
Middle East & Africa consumer automotive revenue estimates and forecast, by
TABLE 317
Middle East & Africa consumer automotive revenue estimates and forecast, by
Page | 25
List of Figures
FIG. 1
Global Lubricants Market Segmentation
FIG. 2
Global lubricants market estimates and forecast, 2012 2022, (Million Tons) (USD
Million)
FIG. 3
Global lubricants - Value Chain Analysis
FIG. 4
Global Lubricants Market Dynamics
FIG. 5
Industrial production in BRICS, 2003, 2008 and 2013 (USD Billion)
FIG. 6
Automotive sales (passenger and commercial vehicles) , by country, 2008 2013

(Million Units)
FIG. 7
Global bio-lubricants market volume and estimates, 2012 - 2020 (Kilo Tons)
FIG. 8
Global average lubricant base oil price trends compared to average crude oil spot
prices, 2010 2014, (USD/Ton) (USD/Barrel)
FIG. 9
FIG. 10
Global Lubricants Porters Analysis
FIG. 11
Global Lubricants - Company market share analysis, 2013
FIG. 12
Global Lubricants PESTEL Analysis
FIG. 13
FIG. 14
Page | 26
Chapter 1 Methodology and Scope

1.1
Research Methodology
We implement a mix of primary and secondary research for our market estimate and forecast.
Secondary research forms the initial phase of our study, where we conducted extensive data
mining, referring to verified data sources such as independent studies, government and
regulatory published material, technical journals, trade magazines paid data sources. This forms
the basis of our estimates.
For forecasting, the following parameters were considered,
Market drivers and restraints, along with their current and expected impact
Technological scenario and expected developments
End-use industry trends and dynamics
Trends in consumer behavior
We assigned weights to these parameters and have quantified their market impact using
weighted average analysis, to derive an expected market growth rate.
All our estimates and forecasts were verified through exhaustive primary research with Key
Industry Participants (KIPs) which typically include,
Market leading companies
Raw material manufacturers
System integrators
The key objectives of primary research are as follows,
1.2
To validate our data in terms of accuracy and acceptability
To gain an insight in to the current market and future expectations

Research Scope & Assumptions
The report provides market value for base year 2014 and a yearly forecast to 2022 in terms of
volume (Million Tons) and revenue (USD Million). Market for each product has been provided on
a regional basis for the above mentioned forecast period.
Page | 27
Key industry dynamics, regulatory scenario, major technological trends and application markets
were evaluated to understand their impact on demand for the forecast period. Growth rates
have been estimated using correlation, regression and time-series analysis.
We have used a bottom-up approach for market sizing, analyzing key regional markets,
dynamics and trends for various end-uses. Global market is estimated by integrating regional
markets. All market estimates and industry analysis were validated through exhaustive primary
research with key industry participants and consumers.
Assumptions while estimating and forecasting the global lubricants market,
Mexico has been considered as part of North America while estimating the regional
market
Europe include Western European and Central & Eastern European countries (including
CIS countries)
Turkey has been considered as part of Europe while estimating the regional market
Asia Pacific include China, India, Japan, Korea, South East Asian countries and Oceania
(Australia & New Zealand)
We have profiled key manufacturers and suppliers in the market
Prices have been derived using actual quotes from distributors, vendors and suppliers in
the market
Central & South America include Brazil, Argentina and Venezuela along with other South
American countries
Inflation has not been considered while forecasting the market revenue
Numbers may not add-up due to rounding-off
Page | 28
1.3
List of Data Sources
List of secondary sources include but are not limited to:
ICIS
One Source
Hoovers
Oil & Gas Journal
Platts
Machinery Lubrication Magazine
Lubes'n'Greases Magazine
Independent Lubricant Manufacturers Association
United Kingdom Lubricants Association
LubeBase
OATS
UN data
List of primary sources include but are not limited to:
xxx
xxx
xxx
xxx
Page | 29
Chapter 1 Executive Summary

Global lubricant demand was xx million in 2014. The global demand is expected to reach xx
million tons by 2022, growing at a CAGR of xx% from 2015 to 2022. In terms of revenue, the
market was valued at USD xx billion in 2014 and is expected to reach USD xx billion by 2022,
growing at a CAGR of xx% from 2015 to 2022.
TABLE 1
Global Lubricants Industry Summary & Critical Success Factors (CSFs)
Key market
intelligence
Regional volume
trends
Market Volume: 2014 36.36 Million Tons, 2020 43.87 Million Tons
Market Revenue: 2014 USD 35.65 Billion, 2020 USD 68.53 Billion
Region
2014
2022
North America
20.9%
19.7%
Europe
20.0%
18.8%
Asia Pacific
42.1%
44.2%
7.0%
7.2%
10.0%
10.2%
Key industry trends
Rapid industrialization in BRICS nations is expected to remain a key driving factor for the
global lubricants market. Positive outlook on global automotive industry on account of
increasing consumer vehicles demand particularly in China, India and Brazil is also expected
to have a positive influence on the market growth over the forecast period. Stringent
environmental regulations coupled with increasing market penetration of bio-based lubricants is
expected to remain a key challenge for market participants.
Key market
opportunities
Expanding refining capacity in Middle East, China and India
Competitive
Landscape, 2013
Technological advancement in hydraulic fracturing is expected to ensure the raw material

availability
Shell:- 14.0%, ExxonMobil:-11.5%, BP:- 10.0%, Chevron:- 8.0%
PESTEL Analysis
Increasing automobile sales in emerging markets is expected to drive the demand for
consumer automotive lubricants such as engine oils. Companies are actively involved in
developing newer motor oil products through patented technologies in order to gain competitive
advantage. Initiatives by governments of India and China to promote petrochemical
manufacturing is expected to have a positive impact on the global market. Mineral oil and
synthetic lubricants are constantly scrutinized by environmental agencies such as REACH,
ECHA, and EPA due to health and environment hazards associated with them. Such stringent
regulatory framework is expected to hinder the market growth. In order to counter such
challenges, consumers along with producers have shifted towards bio-based lubricants, which
is expected to further challenge lubricants demand.
CSF
Strategic partnerships with regional distributors

Investment in high growth regions such as Asia Pacific and Latin America
:
Source: ICIS, ILMA, Machinery Lubrication Magazine, Company Annual Reports, Primary Research, Grand View Research
Page | 30
TABLE 2
2012
2013
2014
Volume
(Million Tons)
35.00
xx
xx
Revenue
(USD Million)
xx
xx
xx
Global lubricant demand was xx million tons in 2012 and increased by xx million tons in 2013. In
terms of revenue, the market was valued at USD xx billion in 2012 and dropped to USD 37.29
billion in 2013. This drop in revenue was attributed to sharp drop in crude oil prices which led to
drop in base oil prices for that particular year. A similar trend was observed in 2014 when crude
oil prices fell even lower.
TABLE 3
Global lubricants market estimates and forecasts, 2015 2022, (Million Tons)
(USD Million)
2015
2016
2017
2018
2019
2020
2021
CAGR
(201522)
2022
Volume
(Million Tons)
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Revenue
(USD Million)
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Rapid industrialization in BRICS nations is expected to remain a key driving factor for the global
lubricants market. Positive outlook on global automotive industry on account of increasing
consumer vehicles demand particularly in China, India and Brazil is also expected to have a
positive influence on the market growth over the forecast period. Stringent environmental
regulations coupled with increasing market penetration of bio-based lubricants is expected to
remain a key challenge for market participants. Increasing drilling activities around the world in
order to cater to the growing energy needs is expected to ensure continuous supply of raw
material over the forecast period. In addition, growing refining capacity expansion particularly in
emerging markets of China and India is also expected to augment the market growth. Civil
unrest in natural resources rich Middle East countries is expected to remain a major threat to
continuous raw material supply.
Page | 31
TABLE 4

Region
2012
2013
2014
North America
xx
xx
xx
Europe
xx
xx
xx
Asia Pacific
xx
xx
xx
CSA*
xx
xx
xx
MEA**
xx
xx
xx
Total
xx
xx
xx
*CSA denotes Central & South America
**MEA denotes Middle East & Africa
Asia Pacific was the largest regional lubricant market and accounted for 42.1% of total
consumption in 2014. Rapid industrialization in India, China and Indonesia is expected to drive
the regional demand for lubricants. Numerous government initiatives undertaken by
governments of various Asian countries to promote manufacturing has increased the industrial
output in the region which has prompted the need for lubricants in the recent past and this trend
is expected to continue over the forecast period.
TABLE 5
Region

2015
2016
2017
2018
2019
2020
2021
2022
CAGR
(201522)
North
America
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Europe
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Asia Pacific
xx
xx
xx
xx
xx
xx
xx
xx
xx%
CSA
xx
xx
xx
xx
xx
xx
xx
xx
xx%
MEA
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Total
xx
xx
xx
xx
xx
xx
xx
xx
xx%
xxxx is also expected to be the fastest growing regional market for lubricants at an estimated
CAGR of xx% from 2015 to 2022. Increasing consumer automobiles demand in xxxx along with
Page | 32
emerging xxxx on account of growing disposable income levels is expected to drive the future
lubricants demand in the region.
TABLE 6

Region
2012
2013
2014
North America
xx
xx
xx
Europe
xx
xx
xx
Asia Pacific
xx
xx
xx
CSA
xx
xx
xx
MEA
xx
xx
xx
Total
xx
xx
xx
Developed markets of North America and Europe are characterized by the growing demand for
bio-lubricants. Stringent EPA and REACH regulations in the U.S. and most parts of Europe
have prompted manufacturers to shift their focus towards developing bio-based lubricants.
Increasing penetration of bio-based lubricants is expected to remain a major threat to mineral
lubricants market growth in these regions.
TABLE 7
Region

2015
2016
2017
2018
2019
2020
2021
CAGR
(201522)
2022
North
America
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Europe
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Asia
Pacific
xx
xx
xx
xx
xx
xx
xx
xx
xx%
CSA
xx
xx
xx
xx
xx
xx
xx
xx
xx%
MEA
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Total
xx
xx
xx
xx
xx
xx
xx
xx
xx%
North American demand is mainly driven by the rapid industrialization taking place in Mexico.
Mexico has emerged a major automobile manufacturing hub since the last decade. Major U.S.
based auto manufacturers have shifted their production bases to Mexico on account of relatively
Page | 33
low manufacturing cost in the country. North American demand for lubricants is expected to
reach a market worth USD xx billion by 2022. European market is primarily driven the growth of
East European countries such as Russia and Poland. Russia is one of the largest automotive
markets in Europe and enjoys the advantage of being one of the largest oil producers which
ensure continuous supply for lubricant manufacturing in the nation.
TABLE 8

Product
2012
2013
2014
Industrial
xx
xx
xx
xx
xx
xx
Consumer automotive
xx
xx
xx
Total
xx
xx
xx
xxxx emerged as the leading product segment and accounted for xx% of total market volume in
2014. Rapid industrialization in BRICS nations is expected to remain a key driving factor for this
segment over the forecast period.
TABLE 9
Product
2015
2016
2017
2018
2019
2020
2021
CAGR
(201522)
2022
Industrial
xx
xx
xx
xx
xx
xx
xx
xx
xx%
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Consumer automotive
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Total
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Industrial lubricants are expected to maintain their lead position in the global market over the
forecast period. However, they are expected to witness credible threat from consumer
automotive lubricants which are growing at relatively higher rate than industrial lubricants.
Consumer automotive lubricants are expected to be the fastest growing product segment at an
estimated CAGR of 2.7% from 2015 to 2022.
Page | 34
TABLE 10

Product
2012
2013
2014
Industrial
xx
xx
xx
xx
xx
xx
Consumer automotive
xx
xx
xx
Total
xx
xx
xx
Growing passenger cars demand particularly in emerging markets of China, India and Brazil is
expected to remain a key driving factor for consumer automotive lubricants demand over the
forecast period. Asia leads the global production of light weight vehicles and is expected to
maintain its lead position in the global market.
TABLE 11
Product

2015
2016
2017
2018
2019
2020
2021
CAGR
(201522)
2022
Industrial
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Commercial
automotive
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Consumer
automotive
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Total
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Page | 35
Chapter 2 Lubricants Industry Outlook

2.1
Market Segmentation
FIG. 1
Global Lubricants Market Segmentation
Lubricants
Market
Product
Region
North America
Industrial
Europe
Commercial
Automotive
Asia Pacific
Consumer
Automotive
Central & South

America
We have estimated the global lubricants market by segmenting it on two levels including product
and region. On the basis of product, the global market is segmented as industrial, commercial
automotive and consumer automotive lubricants. On the basis of region, the global market is
segmented as North America, Europe, Asia Pacific Central & South America and Middle East &
Africa. North American lubricants market includes U.S., Canada and Mexico. Europe includes
Western European, CIS and Eastern European countries. Asia Pacific market includes countries
such as China, India, Japan, Korea, Thailand, Indonesia and Australia & New Zealand among
other countries. Central & South America market includes Brazil, Argentina, Paraguay, Chile and
Page | 36
Colombia among others. Middle East & Africa includes UAE, Saudi Arabia, Oman and South
Africa among other countries.
2.2
Market Size and Growth Prospects
Increasing demand for engine oils, transmission fluids and gear oils in commercial and
consumer automotives is expected to drive the global lubricants market growth. Economic
growth in emerging markets of Asia Pacific has led to an enormous in automotive sales. Sales
of passenger cars in these regions have witnessed boom in recent past. With increasing
industrial output and high consumerism in these regions, logistics and commercial
transportation witnessed considerable growth. This trend led to increase in commercial vehicle
sales, particularly heavy duty trucks, light commercial vehicles, busses and container trucks.
Increasing number of automobile sales is expected to drive lubricants demand over the forecast
period. Global lubricants revenue dropped during 2012-13. This drop in revenue was attributed
to sharp drop in crude oil prices which led to drop in base oil prices for that particular year. A
similar trend was observed in 2014 when crude oil prices fell even lower.
FIG. 2
Global lubricants market estimates and forecast, 2012 2022, (Million Tons) (USD
Million)
2012
2013
2014
2015
2016
2017
Volume (Million Tons)
2018
2019
2020
2021
2022
Revenue (USD Million)
Increasing importance for industrial machinery maintenance in manufacturing sector as a tool to

minimize operational costs has led to shift towards condition based maintenance instead
Page | 37
breakdown maintenance. Additionally, increasing industrial output particularly in metal forming,

foundry, plastics, machining and mining industries of China and India has led to capability
expansions by companies. Demand for lubricants in these industries is expected to significantly
grow over the forecast period. Lubricants such as industrial engine oils, metal working fluids
(metal cutting fluids and cooling oils) and process oils are expected to witness immense growth
over the forecast period.
2.3
Lubricants - Value Chain Analysis
Lubricants are manufactured through base oil and additives which are derived from petroleum
sources such as crude oil, shale oil and CBM. These are further refined to produce mineral oils
such as paraffinic oils, naphthenic oils and aromatic oils. These oils in combination with
additives give lubricants that find applications across various industries such as automotive,
aviation, manufacturing and marine.
FIG. 3
Global lubricants - Value Chain Analysis

Integration by Chevron, ExxonMobil
Raw Material
Supplier
Refiners &
Lubricants
Manufacturers
Application
Market
End-users
Crude Oil
Tight Oil
CBM
Mineral Oils
(Paraffinic,
Naphthenic,
Aromatic)
Engine Oil
Transmission
Fluid
Gear Oil
Grease
Compressor Oil
Automotive
Manufacturing
Marine
Aviation
Shell
ExxonMobil
British Petroleum
(BP)
Sinopec
Total
Chevron
Shell
ExxonMobil
Total
BP
Valvoline
Fuchs
Amsoil
Kendall
Chevron
Fuchs
Amsoil
Kendall
Valvoline
Pennzoil
Castrol
Chevron
ExxonMobil
Kawasaki
Ford
BMW
Tata Motors
Vestas Wind
Systems
Integration by Shell, ExxonMobil, BP, Chevron and Total

Integration by Valvoline, Fuchs, Amsoil and Kendall
Page | 38
The global lubricants market value chain consists of raw material suppliers, refiners, application
market and end-users. Major oil & gas companies such as Shell, British Petroleum, Total,
Sinopec and Idemitsu are integrated lubricants manufacturers which ensure steady raw material
supply to manufacture mineral oils and additives need for lubricants production. Through
integration, these companies benefit in terms of market expansion and widening their scope of
operations. Major lubricants manufacturers in the market include Valvoline, Fuchs Group,
Amsoil Inc. and Kendall. Most of the lubricants manufacturers are strategically tied-up with oil &
gas companies to ensure raw material supply. With depleting crude oil reserves, the market has
witnessed a crunch in raw material supply. In order to stabilize the scenario, major oil
companies have started to focus on developing new refining techniques and sources. This trend
has led to establishment of patented refining technologies that are limited to proprietary
companies and their alliances. Shell, ExxonMobil and Kendall have developed PurePlus, Mobil
1 and Liquid Titanium technologies for producing lubricants, principally motor oils.
Major lubricants manufacturers are integrated to provide specialized lubricants on the basis of
application. A few of companies include Fuchs, Amsoil and Kendall. These companies produce
various forms of lubricants such as engine oils, transmission fluids, gear oils, greases,
compressor oils, brake fluids and process oils. A few oil majors such as British Petroleum, Shell,
Ashland Inc. and ConocoPhillips have established their own subsidiaries Castrol, Pennzoil,
Valvoline and Kendall. This provides these companies to mark their presence in desired
application markets. While companies such as ExxonMobil and Chevron are directly involved in
production of lubricants for specific applications. These companies are further involved in supply
agreements with major end-users in order to ensure steady sales of lubricants. Companies such
as Total, Shell, Amsoil and Castrol have entered into exclusive supply agreements with Tata
Motors, BMW, Ford and Vestas Wind Systems to supply their lubricant brands.
Page | 39
2.4
Lubricants Regulatory/Legislative Framework
The following are regulatory agencies and their respective legislative framework that govern the
global lubricants market.
2.4.1 ECH A (Europe Chemical Agency)
ECHA is the regulatory agency of European Union. The agency is responsible for implementing
chemicals legislations that are imposed by REACH and CLP. The agency is involved in
regulating usage of chemicals based on their health safety and environmental assessments.
REACH (Regulation on Registration, Evaluation, Authorization and Restriction of

Chemicals)
REACH requires all companies operating in the member states of EU to pre-register or register
chemicals that are either manufactured, supplied or imported into the region. The legislation is
aimed at assessing the properties and impact of chemicals
EU Council Directive 2009/119/EC
The EU Council Directive 2009/119/EC require companies of member states that manufacture
petroleum products to maintain a minimum inventory stock of their respective products. The
directive is aimed at mitigating supply risks through a stockholding system. The minimum stock
holding capacity is calculated based on average daily inland consumption of the previous year.
CLP (Classification, Labeling & Packaging) Regulation
CLP regulation is aimed at providing proper classification, labeling and packaging framework for
chemical manufacturers. The regulation is based on UNs GHS (Globally Harmonized System).
Chemical products are required to be labeled in accordance with the guidelines regarding
toxicity, health hazards and environmental impact of the chemicals.
2.4.2 U.S. EP A (United St ates Environmental Protection Agency)
U.S. EPA is the foremost environmental agency that forms legislative framework and regulatory
policies for chemicals. The objective of the agency is to reduce environmental and health impact
of chemicals. The agency is responsible for overseeing compliance of U.S. Code of Federal
Regulations by chemical manufacturers
VGP (Vessel General Permit) Guidelines

Page | 40
VGP requirements are a set of guidelines established by U.S. EPA to reduce aquatic
environment impact of lubricants by prescribing a set list of environmentally acceptable
lubricants (EAL). Vessels operating in the waters of U.S. have to comply with the regulations. As
a part of their annual report, vessel operators are required to indicate whether or not the vessels
use EAL. Vessels greater than 79 feet are mandated to use EALs up to a range of 3 miles from
the coast of U.S. The regulation is aimed at assessing environmental impact of lubricants
discharged/leaked in aquatic ecosystem.
2.4.3 U.S. FD A (Food & Drug Administration)
The U.S. FDA under the Code of Federal Regulations, Chapter 1, Subchapter B, Part 178,
Subpart D, Section 178.3570; has established and approved a selection of substances that are
compositions of lubricants with incidental food contact. The approved substances are permitted
to be used in machinery employed in food production.
Page | 41
2.5
Lubricants Market Dynamics
FIG. 4
Global Lubricants Market Dynamics
Technology trends
Major companies are involved in motor
oil development through patented
technologies. Shell,
ExxonMobil,
Kendall employ PurePlus, Mobil 1
lubricant
and
Liquid
Titanium
technologies
for
motor
oils
respectively.
Supplier trends
Expanding refining capacities in Middle
East, China and India is expected to
have a positive impact on the
downstream sector. In October 2013,
Total inaugurated a 200 kilo ton
lubricant plant in Tianjin, China.
ExxonMobil has developed Mobil SHC

aware, a product of environmental
acceptable lubricants (EAL) family,
used in marine applications
Lubricants
Market
Dominance of integrated oil & gas

manufacturers
such
as
Shell,
ExxonMobil and Total is a major factor
for ensuring raw material supply in the
market.
Regulatory trends
European REACH regulations for
restricting environmentally harmful
chemicals is expected to hamper
lubricants
demand.
Chemicals
imported or manufactured in EU should
be preregistered with REACH in order
to be compliant.
Stringent
U.S.
EPA
regulations
regarding biodegradability, aquatic
toxicity and labeling of lubricants.
Buyer / application trends

OEMs such as BMW, Tata and Kia
Motors
have
formed
supply
agreements with Shell and Total
respectively for lubricants supply
Increasing preference for low viscosity
engine oils in passenger and heavy
duty vehicles.
Increasing inclination for developing

specialized lubricants according to
end-user specifications.
Growth of automotive industry in emerging markets of Asia Pacific and Latin America is
expected to drive automotive lubricants demand. The market is characterized by increasing
demand for engine oils, transmission fluids and hydraulic fluids in both commercial and
consumer automotives. Increasing sales of passenger cars and motorcycles is expected to
further strengthen the trend over the forecast period. Increasing industrial output in China, India,
Brazil and Russia is expected to drive the demand for industrial lubricants. In order to capture
Page | 42
the growing lubricants market in Asia Pacific, major companies have expanded their production
capacities in the region. In October 2013, Total inaugurated a lubricants blending plant in
Tianjin, China with an initial production capacity of 200 kilo tons. In November 2014, Petronas
acquired 47% stake in Malaysian company Phillips 66 Asia Ltd.
The global market is regulated by stringent policies from environmental agencies such as U.S.
EPA, REACH and ECHA. Lubricant products or chemicals used to produce lubricants that are
imported or manufactured in Europe need to be preregistered with REACH and have to be
compliant with ECHA regulations. Similar guidelines have been established by EPA to ensure
biodegradability, toxicity and labeling of lubricant products in the U.S.
The market has witnessed a growing demand for specific viscosity and temperature limitation in
lubricants to ensure their all weather performance in automotive application. In order to capture
the trend, major lubricant producers such as Petronas, Kendall, Amsoil and Chevron have
developed application specific lubricants. Major companies such as Total, Shell, Amsoil and
Castrol have established supply agreements Tata Motors, BMW, Ford and Vestas Wind
Systems for lubricants supply.
2.5.1 Market dri ver anal ysis

Market Drivers
2014-16
2016-18
2018-20
Impact
Rapid industrialization in BRICS nations
xxxx
xxxx
xxxx
Positive automotive outlook
xxxx
xxxx
xxxx
2.5.1.1 Rapid industrialization in BRICS nations

Lubricants are widely used across various manufacturing sectors such as paper & mill, metal
forming, foundry, mining, quarrying, energy, plastics, food & beverages and machining. Growth
of manufacturing sector has a direct impact on industrial lubricants demand. Global industrial
output has witnessed slump in growth in 2008 and 2009 owing to economic recession in North
America and debt crisis in Europe.
Page | 43
However, the manufacturing sector of emerging nations such as Brazil, India, China, Russia and
South Africa largely remained unaffected. These markets registered high industrial production
growth over the period and remain one of the fastest industrializing regions across the globe.
Currently according to International Monetary Fund, China, Russia, Brazil and India are ranked
1, 5, 6 and 10 in terms of industrial production.
FIG. 5
Industrial production in BRICS, 2003, 2008 and 2013 (USD Billion)
2003
China
2008
Brazil
Russia
2013
India
South Africa
BRICS
Source: WTO, Grand View Research
Among the BRICS nations, China is the largest manufacturing market with industrial output
accounting for 43.9% of the countrys GDP in 2013. Major industries in the region include steel,
machinery, chemicals, fertilizers and energy. Chinese industrial output is expected to grow at
6.8% in 2015. Industrial production in the region stood at USD 4,008.35 billion in 2013.
Industrial production in other markets such as Brazil, Russia and India accounted for USD
498.81 billion, USD 512.31 billion and USD 470.29 billion in 2013 respectively. Following China,
industrial production in India is expected to grow at 3.2% in 2015. Industrial output in India stood
at 25.8% of GDP in 2013. Industrial output in all of BRICS was USD 4,046.71 billion in 2008 and
grew to USD 5,598.81 billion by 2013.
Page | 44
Growth drivers for manufacturing sector in these markets include favorable foreign investment
norms, availability of large pool of skilled labor and technological knowhow. High growth in niche
manufacturing sectors such as 3D printing and medical devices is expected to further
complement the industrial growth rate in these markets. Hence, rapid industrialization in BRICS
is expected to drive industrial lubricants demand which in turn is expected to complement the
global lubricants market growth.
2.5.2 Market restraint anal ysis

Market Restraints
2014-16
2016-18
2018-20
Impact
Emergence of bio-based lubricants
xxxx
xxxx
xxxx
Stringent environment regulations
xxxx
xxxx
xxxx
2.5.2.1 Emergence of bio-based lubricants

Bio-lubricants are made from raw materials which include animal oils and vegetable oils such as
palm oil, castor oil, sunflower oil and others. Additionally, they can be made from mineral-oil
based products or modified renewable oils. Bio-lubricants are used in applications for machines
that come in close contact with water. Bio-lubricants have huge demand due to its superior
properties which includes biodegradability, low maintenance, storage & disposal, reduced
emissions, better safety and constant viscosity with higher flash points and viscosity index as
compared to synthetic lubricants.
Page | 45
FIG. 6
2012
Global bio-lubricants market volume and estimates, 2012 - 2020 (Kilo Tons)
2013
2014
2015
2016
2017
2018
2019
2020
Source: ICIS, One Source, Bio Plastics Magazine, Eco Magazine, Company Annual Reports, Primary Research, Grand View Research
Global bio-lubricants market demand was 585.2 kilo tons in 2013 and is expected to reach
915.4 kilo tons by 2020, growing at a CAGR of 6.6% from 2014 to 2020. Favorable regulatory
scenario and higher consumer awareness in North America and Europe are expected to drive
the market for bio-based lubricants. At present, Asia Pacific has a small share within the biobased lubricants market; however, demand in the region is expected to increase sluggish within
the forecast. Stringent regulations imposed by government bodies towards environment
protection are anticipated to boost the demand for bio-based lubricants. As a result, regulatory
support towards bio-based products coupled with superior mechanical properties of biolubricants as compared to synthetic lubricants is expected act as market restraint in the near
future.
Page | 46
2.6
Raw material analysis
Global lubricant base oil average prices were observed to have a downward trend similar to
average crude oil price trends since 2011. Lube oil base stock prices are mainly dependent on
global supply and demand scenario and crude oil pricing. Global crude oil average spot prices
were observed to have a relatively stable supply demand scenario from 2011 to 2013. However,
over supply and low demand from downstream sectors has led to steep fall in crude oil spot
prices over the last one year.
FIG. 7
Global average lubricant base oil price trends compared to average crude oil spot prices,
2010 2014, (USD/Ton) (USD/Barrel)
2010
2011
2012
Average Base Oil Prices

S
2013
2014
Average Crude Oil Prices
Source: ICIS, BP World Energy Outlook, Grand View Research
Lube oil base stock prices are also dependent on supply and demand scenario. Most of the
base stock capacities are centered in Middle East and Asia Pacific while North America and
Europe are major importers. Falling crude oil prices along with large inventory stocks with net
importers have led to steep fall of average lube oil prices. Average crude oil prices recovered
from the global economic downturn in 2009 and reached USD 79.5 per barrel in 2010.
Improving crude oil demand from downstream segments along with limited global oil production
led to high crude oil prices globally. Average crude oil spot prices during 2011 reached USD
106.5 per barrel and further rose to all time high of USD 107.3 per barrel in 2012. Average lube
oil prices fell from an all time high of USD 1,275.0 per ton in 2011 to USD 976.0 per ton in 2014.
Average lube oil base stock prices are expected to witness significant hike over next six years
Page | 47
on account of expected recovery of global demand-supply along with increasing dependence on

synthetic lubricants. These prices are expected to follow similar trend as that of global average
crude oil spot prices.
2.7
FIG. 8
Growth rate
(High)
Penetration
(Low)
Penetration
(High)
Growth rate
(Low)
Industrial
Commercial Automotive
Consumer Automotive
Penetration is defined as the maturity of the product segment and its application. The lower penetration rate means higher
untapped market potential for growth.
Growth rate is considered as the future projected CAGR till year 2020. These growth rates are comparative in nature, with the
overall market growth rate as being the benchmark.
Industrial lubricants were the largest product segment in 2013. Over the recent past there has
been an increase in industrial output in emerging economies such as China, India, Russia,
Brazil and South Africa. Industrial output rose particularly in core manufacturing sectors such as
metal forming, foundry, consumer appliances and plastics along with mining industry. This trend
has led to increasing use of lubricants such as process oils, metal working fluids, industrial oils
and engine oils. Stable industrial output in these markets is expected to continue to drive
industrial lubricants demand over the forecast period.
Page | 48
Growth in automotive sales across the globe, primarily driven by emerging markets, is expected
to drive consumer automotive lubricants demand over the forecast period. Growing income
levels and rising standard of living in developing nations along with emerging markets has been
driving the sales of passenger cars and motorcycles. This trend is expected to drive consumer
automotive lubricants consumption over the forecast period. Engine oils and transmission fluids
are expected to witness considerable demand in consumer automotive lubricants over the
forecast period owing to their universal application in automobiles of various kinds.
Page | 49
2.8
Industry Analysis Porters
FIG. 9
Global Lubricants Porters Analysis

Threat of new entrants
Low profit margins coupled with high investment

costs are major factors affecting the entry of new
market participants. Slow rate of recovery on
investments is another factor that a new entrant
faces in the market. Apart from product offerings,
lubrication service offering is a tool that new
entrants can employ to maintain competitiveness.
High demand for low cost lubricants in China and
India have prompted large number of small scale
companies to operate in the respective markets.
Threat of new entrants is expected to remain
medium over the forecast period.
Supplier power
Presence of large number of oil manufacturing

companies across the globe has ensured a
steady raw material supply for lubricants
production. Refining companies have been
integrating backward to secure raw material
supply for
petrochemicals manufacturing.
Declining
crude
oil
output
and
strict
environmental regulations are expected to have
an adverse impact on supply for refining and
downstream operations. Supplier power is
expected to remain medium over the forecast
period.
Industry rivalry
Global lubricants market is fragmented due to

presence of large number of participants. Major
companies
compete
through
product
development
and
establishing
patented
technologies for their respective products.
Strategic initiatives such as supply agreements
with end-users have been prevalent among top
companies. Favorable government policies in
China and India have lowered entry barriers for
new entrants in these markets, which further has
increased competitiveness in the market. On
account of which industry rivalry is to be strong.
Threat of substitutes
Buyer power
Increasing presence of buyers particularly in Asia

Pacific region coupled with easy availability of
lubricants is expected to maintain the bargaining
power of buyers. Emergence of bio-based
lubricants as an alternative to its conventional
counterparts is expected to further increase buyer
power in the market. Mineral oil lubricants are
priced relatively lower than bio-based and
synthetic lubricants which is anticipated to further
drive the market growth. On account of the above
stated factors, buyer power is expected to remain
high over the forecast period.
Petrochemical price volatility coupled with rising

environmental
concerns
regarding
biodegradability and aqueous toxicity of
conventional lubricants has increased the
importance for bio-based lubricants. Bio-based
lubricants have high viscosity index and flash
point which make it suitable for a plethora of
application in automotive and industrial engines.
However, bio-based lubricants demand is
expected to be challenged by low awareness
among consumers. Threat of substitutes is
expected to remain medium to high.
1 3 ---> Weak
market forces
4 6 --->
Medium market
forces
7 10 --->
Strong market
forces
Page | 50
2.9
Global Lubricants Company market share analysis, 2013
FIG. 10
Global Lubricants - Company market share analysis, 2013
Shell
ExxonMobil
BP/Castrol
Chevron
Total
PetroChina
Sinopec
Others
Global lubricants market is fragmented with top four companies, Shell, ExxonMobil, BP and
Chevron accounting for 43.5% of the total market. Companies are actively establishing strategic
alliances with end-users in order to secure their lubricants sales. Companies such as Total,
Shell, Amsoil and Castrol have entered into exclusive partnerships with Tata Motors, BMW,
Ford and Vestas Wind Systems to supply their lubricant brands. Companies such as Fuchs,
Shell and Chevron are involved in acquisition of smaller lubricants manufacturers in order to
increase their market share. New product launches and capacity expansions are generic
strategies employed by companies to increase their market presence.
Shell was the leading company and accounted for 14.0% of the total market share in 2013. Over
the recent past, Shell has been involved in numerous acquisitions, business segment sell-offs
and partnerships with OEMs. In December 2014, the company sold its downstream businesses
in Norway that include commercial fuels, retail, supply & distribution network to ST1 as part of
its downstream business restructuring. Similarly, In March 2015, the company entered into
agreement with Alimentation Couche-Tard Inc. for the sale of its commercial fleet & fuels, retail,
aviation and trading & supply businesses in Norway.
Page | 51
2.10 Lubricants PESTEL Analysis
FIG. 11
Global Lubricants PESTEL Analysis
Political
Economic
PCPIR policy of Government of India in 2007 facilitates foreign and domestic

investments for petrochemicals, chemicals and petroleum production. This is
expected to fuel domestic production of lubricants. Lubricating Oil & Grease
Regulation Order (1987) regarding licensing of units engaged in re-refining.
Increasing automobile sales in emerging markets of Asia Pacific and Latin

America.
Industrial growth in BRICS nations. High growth rates in various industries
such as metal forming, foundry and marine.
Revision of Chinas Foreign Investment Law by Ministry of Commerce to

stream line foreign investments in manufacturing sector and regulate
businesses.
Social
Technological
Increasing awareness regarding machinery maintenance and consequent

shift towards condition based monitoring from breakdown maintenance.
Widespread R&D by major companies to develop proprietary technologies for

lubricants production. Major companies such as Shell, ExxonMobil and
Kendall have developed patented technologies for their motor oil brands.
Slow industrial output in North America and Europe is expected to drive the
demand for low cost lubricants in the region.
Increasing demand for low viscosity engine oils in passenger and heavy duty
commercial vehicles.
Companies are shifting their capabilities towards developing bio-based

lubricants.
Legal
Environmental
Lubricant manufacturers in India should be amenable to Factories Act, The

Public Liability Insurance Act, Petroleum Act and Stockholm Convention on
Persistent Organic Pollutants.
REACH regulations regarding preregistration of lubricant manufacturers.

Imported or domestically manufactured chemicals are to be compliant with
REACH policies.
In December 2013, the U.S. EPA launched Vessel General Permit (VGP) for
using environmentally accepted lubricants in all oil-to-sea interfaces on any
vessel greater than 79 feet.
U.S. EPA regulations regarding biodegradability, toxicity and labeling aspects

of lubricant products.
Summary
Increasing automobile sales in emerging markets is expected to drive the demand for consumer automotive lubricants such as engine oils. Companies
are actively involved in developing newer motor oil products through patented technologies in order to gain competitive advantage. Initiatives by
governments of India and China to promote petrochemical manufacturing is expected to have a positive impact on the global market. Mineral oil and
synthetic lubricants are constantly scrutinized by environmental agencies such as REACH, ECHA, and EPA due to health and environment hazards
associated with them. Such stringent regulatory framework is expected to hinder the market growth. In order to counter such challenges, consumers
along with producers have shifted towards bio-based lubricants, which is expected to further challenge lubricants demand.
Page | 52
Chapter 3 Lubricants Product Outlook

3.1
xxxx emerged as the largest product segment and accounted for xx% of the total market volume
in 2013. Increasing consumption of xxxx and xxxx in xxxx such as xxxx, xxxx and xxxx is
expected to drive xxxx demand over the forecast period.
FIG. 12

2014
Industrial
2022
Industrial
Consumer Automotive
Consumer Automotive
xxxx accounted for xx% of the total market volume in 2013. The product segment is largely
driven by high consumption of engine oils in heavy duty vehicles such as trucks and busses.
Growing demand for commercial automotives for transportation is expected to drive commercial
automotive lubricants demand. xxxx are projected to account for xx% by 2022. xxxx market was
xx% of total market volume in 2013. The product segment is expected to gain market share and
account for xx% of the market volume by 2022. Growing passenger car sales in emerging
economies of Asia Pacific and South America are expected to drive the demand for automotive
lubricants such as engine oils, transmission fluids and gear oils.
Page | 53
3.2
Industrial
3.2.1 Global industrial lubricants market est imates and forecast, 2012 2022
TABLE 12
Global industrial lubricants market estimates, 2012 2014, (Million Tons)

(USD Million)
2012
2013
2014
Volume
(Million Tons)
xx
xx
xx
Revenue
(USD Million)
xx
xx
xx
Global industrial lubricants demand was xx million tons in 2012 and reached xx million tons in
2013. In terms of revenue the market was USD xx million in 2012 and reached USD xx million in
2013.
TABLE 13
Global industrial lubricants market estimates and forecast, 2015 2022,

2015
2016
2017
2018
2019
2020
2021
2022
CAGR
(2015-22)
Volume
(Million Tons)
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Revenue
(USD Million)
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Industrial lubricants demand was xx million tons in 2014 and is expected to reach xx million tons
by 2022, growing at a CAGR of xx% from 2015 to 2022. Increasing industrial production in
emerging markets of Asia Pacific and Latin America is expected to be a major factor driving
industrial lubricants demand over the forecast period. Industries that are projected to witness
high growth include mining, unconventional energy and chemicals. This trend is expected to
further strengthen industrial lubricants demand in industrial engines, compressors, hydraulics,
bearings and centrifuges.
In terms of revenue, the market is USD xx million in 2014 and is expected to reach USD xx
million by 2022, growing at an estimated CAGR of xx% from 2015 to 2022.
Page | 54
3.2.2 Global industrial lubricants market est imates and forecast, by

region, 2012-2022
TABLE 14
Global industrial lubricants market volume by region, 2012 2014, (Million

Tons)
Region
2012
2013
2014
North America
xx
xx
xx
Europe
xx
xx
xx
Asia Pacific
xx
xx
xx
CSA
xx
xx
xx
MEA
xx
xx
xx
Total
xx
xx
xx
xxxx was the largest industrial lubricants market with xx million tons of demand in 2012 and xx
million tons of demand in 2013. Rapid industrialization in xxxx, particularly in manufacturing
sectors such as plastics, chemicals, metal, cement and quarrying has been a major factor
driving industrial lubricants demand. xxxx was the second largest regional market with xx million
tons and xx million tons of demand in 2012 and 2013 respectively.
TABLE 15
Region
Global industrial lubricants market volume by region, 2015 2022, (Million

Tons)
2015
2016
2017
2018
2019
2020
2021
2022
CAGR
(201522)
North
America
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Europe
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Asia
Pacific
xx
xx
xx
xx
xx
xx
xx
xx
xx%
CSA
xx
xx
xx
xx
xx
xx
xx
xx
xx%
MEA
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Total
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Page | 55
xxxx along with being the largest region is expected to be the fastest growing market over the
forecast period. Industrial lubricants demand in the region is estimated at xx million tons in 2014
and is expected to reach xx million tons by 2022, growing at a CAGR of xx% from 2015 to 2022.
TABLE 16
Global industrial lubricants market revenue by region, 2012 2014, (USD

Million)
Region
2012
2013
2014
North America
xx
xx
xx
Europe
xx
xx
xx
Asia Pacific
xx
xx
xx
CSA
xx
xx
xx
MEA
xx
xx
xx
Total
xx
xx
xx
xxxx industrial lubricants market was valued at USD xx million in 2012 and USD xx million in
2013. Fall in market revenue in the region can be attributed to slump in lubricant prices which
fell from USD xx million in 2012 to USD xx million in 2013. This is mainly due to decline in base
oil prices and over supply.
TABLE 17
Region
Global industrial lubricants market revenue by region, 2015 2022, (USD

Million)
2015
2016
2017
2018
2019
2020
2021
2022
CAGR
(201522)
North
America
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Europe
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Asia
Pacific
xx
xx
xx
xx
xx
xx
xx
xx
xx%
CSA
xx
xx
xx
xx
xx
xx
xx
xx
xx%
MEA
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Total
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Page | 56
xxxx is expected to witness the highest revenue growth over the forecast period. The regional
market is estimated at USD xx million in 2014 and is expected to reach USD xx million by 2022,
growing at a CAGR of xx% from 2015 to 2022.
3.2.3 Global industrial lubricants market est imates and forecast, by
product, 2012- 2022
TABLE 18
Global industrial lubricants market volume by product, 2012 2014, (Million

Tons)
Product
2012
2013
2014
Process Oils
xx
xx
xx
xx
xx
xx
xx
xx
xx
Industrial Engine Oils
xx
xx
xx
Others
xx
xx
xx
Total
xx
xx
xx
xxxx were the largest product segment for industrial lubricants at xx million tons and xxmillion
tons in 2012 and 2013 respectively. xxxx followed xxxx at xx million tons and xx million tons of
demand in 2012 and 2013 respectively.
TABLE 19
Global industrial lubricants market volume by product, 2015 2022, (Million

Tons)
Product
2015
2016
2017
2018
2019
2020
2021
CAGR
(201522)
2022
Process Oils
xx
xx
xx
xx
xx
xx
xx
xx
xx%
xx
xx
xx
xx
xx
xx
xx
xx
xx%
xx
xx
xx
xx
xx
xx
xx
xx
xx%
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Others
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Total
xx
xx
xx
xx
xx
xx
xx
xx
xx%
General industrial oils are estimated at xx million tons in 2014 and are expected to reach xx
million tons by 2022, growing at a CAGR of xx% from 2015 to 2022. xxxx are expected to
witness highest growth over the forecast period. The product segment is estimated at xx million
Page | 57
tons in 2014 and is expected to reach xx million tons by 2022, growing at a CAGR of xx% over
the forecast period. Metal working fluids demand is expected to be driven by its increasing
application in metal forming, cutting and casting. Growth in major industries that employ
metalworking processes is expected to further strengthen its demand over the forecast period.
TABLE 20
Global industrial lubricants market revenue by product, 2012 2014, (USD

Million)
Product
2012
2013
2014
Process Oils
xx
xx
xx
xx
xx
xx
xx
xx
xx
xx
xx
xx
Others
xx
xx
xx
Total
xx
xx
xx
In terms of revenue, general industrial oils was USD xx million in 2012 and USD xx million 2013.
Process oils accounted for USD xx million and USD xx million of market revenue in 2012 and
2013 respectively.
Page | 58
TABLE 21
Global industrial lubricants market revenue by product, 2015 2022, (USD

Million)
Product
2015
2016
2017
2018
2019
2020
2021
2022
CAGR
(201522)
Process Oils
xx
xx
xx
xx
xx
xx
xx
xx
xx%
General Industrial
Oils
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Metal Working
Fluids
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Industrial Engine
Oils
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Others
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Total
xx
xx
xx
xx
xx
xx
xx
xx
xx%
xxxx were the leading product segment in terms of revenue. The product segment was USD xx
million in 2014 and is expected to reach USD xx million by 2022, growing at a CAGR of xx%
over the forecast period. xxxx are expected to be the fastest growing product segment for
industrial lubricants at a CAGR of xx% from 2015 to 2022. The market for xxxx is estimated at
USD xx million in 2014 and is expected to reach USD xx million by 2022.
Page | 59
Chapter 4 Lubricants Regional Outlook

4.1
xxxx was the largest lubricants market and accounted for xx% of the total market volume in
2014. High industrial production in xxxx and xxxx is expected to drive industrial lubricants
demand which in turn is expected to complement regional market growth. Increasing automotive
sales in the region is expected to further complement the regional market growth. xxxx is
expected to gain market share and account for xx% of the total market volume by 2022.
FIG. 13

2014
2022
North America
North America
Europe
Europe
Asia Pacific
Asia Pacific
Europe accounted for xx% of the total market volume in 2014. However, it is expected to lose
market share and account for xx% of the market volume by 2022 on account of stagnant
industrial growth in the region. xxxx lubricants market accounted for xx% of the total market
volume in 2014 and is projected to lose some market share by 2022. High market growth in
Central & South America and Middle East & Africa is a major factor for the loss of market share
in the region.
.
Page | 60
4.2
North America
4.2.1 North America lubri cants market estimates and forecast, 20 12 2022
TABLE 22
North America lubricants market estimates, 2012-2014, (Million Tons) (USD

Million)
2012
2013
2014
Volume
(Million Tons)
xx
xx
xx
Revenue
(USD Million)
xx
xx
xx
North America lubricants market was xx million tons in 2012 and xx million tons in 2013. In
terms of revenue, the market was USD xx million in 2012 and USD xx million in 2013. Decline in
revenue was mainly due to drop in regional prices.
TABLE 23
North America lubricants market estimates and forecasts, 2015-2022, (Million

Tons) (USD Million)
2015
2016
2017
2018
2019
2020
2021
CAGR
(201522)
2022
Volume
(Million Tons)
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Revenue
(USD Million)
xx
xx
xx
xx
xx
xx
xx
xx
xx%
North America lubricants demand was xx million in 2014 and is expected to reach xx million
tons by 2022, growing at a CAGR of xx% from 2015 to 2022. Recovery of automotive industry in
the U.S. and increasing automotive sales in Mexico are major factors driving the market growth
in the region. Slow but steady industrial output in the region primarily driven by Mexican
manufacturing sector is expected to further complement the market growth in the region.
In terms of revenue, the market was USD xx million in 2014 and is expected to reach USD xx
million by 2022, growing at a CAGR of xx% from 2015 to 2022.
Page | 61
4.2.2 North America lubri cants market estimates and forecast, by product,
2012-2022
TABLE 24
North America lubricants volume estimates, by product, 2012-2014, (Million

Tons)
Product
2012
2013
2014
Industrial
xx
xx
xx
xx
xx
xx
Consumer Automotive
xx
xx
xx
Total
xx
xx
xx
Industrial lubricants were the largest product segment and accounted for 3.12 million tons of
lubricants demand in 2012. Commercial automotive lubricants were the second largest product
segment with 2.37 million tons of demand in 2012.
TABLE 25
North America lubricants volume estimates and forecast, by product, 20152022, (Million Tons)
Product
2015
2016
2017
2018
2019
2020
2021
CAGR
(201522)
2022
Industrial
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Commercial
Automotive
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Consumer
Automotive
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Total
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Industrial lubricants demand was 3.21 million tons in 2014 and is expected to reach 3.73 million
tons by 2022, growing at a CAGR of 2.0% over the forecast period. High industrial output in
Mexico coupled with recovery of manufacturing sector in the U.S. is expected to be major
factors driving industrial lubricants demand. Consumer automotive lubricants demand was 1.97
million tons in 2014 and is expected to reach 2.22 million tons by 2022, growing at a CAGR of
1.6% over the forecast period. Increasing automobile production in the U.S. and Mexico coupled
Page | 62
with growing number of vehicle manufacturers setting up bases in Mexico is expected to drive
consumer automotive lubricants consumption.
TABLE 26
North America lubricants revenue estimates, by product, 2012-2014, (USD

Million)
Product
2012
2013
2014
Industrial
xx
xx
xx
xx
xx
xx
Consumer Automotive
xx
xx
xx
Total
xx
xx
xx
In terms of revenue, industrial lubricants market was USD 3,327.9 million and USD 3,108.8
million in 2012 and 2013 respectively. Commercial automotive lubricants was the second largest
market at USD 2,815.9 million and USD 2,618.2 million in 2012 and 2013 respectively.
TABLE 27
North America lubricants revenue estimates and forecast, by product, 20152022, (USD Million)
Product
2015
2016
2017
2018
2019
2020
2021
CAGR
(201522)
2022
Industrial
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Commercial
Automotive
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Consumer
Automotive
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Total
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Industrial lubricants are expected to generate highest revenue over the forecast period. The
market in this product segment was USD 2,978.8 million in 2014 and is expected to reach USD
5,427.2 million by 2022, growing at a CAGR of 6.6% over the forecast period.
Page | 63
4. 2. 2. 1 N ort h Am eri ca i ndu stri al l u bri c ant s ma rk et e sti mat es a nd

TABLE 28
North America industrial lubricants volume estimates, by product, 2012-2014,

(Million Tons)
Product
2012
2013
2014
Process Oils
xx
xx
xx
xx
xx
xx
xx
xx
xx
xx
xx
xx
Others
xx
xx
xx
Total
xx
xx
xx
xxxx were the largest consumed industrial lubricants in the region with demand estimated at xx
million tons in 2012. Industrial engine oils accounted for xx million tons of demand in 2012.
TABLE 29
North America industrial lubricants volume estimates and forecast, by

Product
2015
2016
2017
2018
2019
2020
2021
CAGR
(201522)
2022
Process Oils
xx
xx
xx
xx
xx
xx
xx
xx
xx%
General Industrial
Oils
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Metal Working
Fluids
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Industrial Engine
Oils
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Others
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Total
xx
xx
xx
xx
xx
xx
xx
xx
xx%
xxxxx are expected to be the fastest growing industrial lubricant product in the region over the
forecast period. Industrial engine oils demand was xx million tons in 2014 and is expected to
reach xx million tons by 2022, growing at a CAGR of xx% over the forecast period.
Page | 64
TABLE 30
North America industrial lubricants revenue estimates, by product, 20122014, (USD Million)
Product
2012
2013
2014
Process Oils
xx
xx
xx
xx
xx
xx
xx
xx
xx
xx
xx
xx
Others
xx
xx
xx
Total
xx
xx
xx
TABLE 31
North America industrial lubricants revenue estimates and forecast, by

Product
2015
2016
2017
2018
2019
2020
2021
CAGR
(201522)
2022
Process Oils
xx
xx
xx
xx
xx
xx
xx
xx
xx%
General Industrial
Oils
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Metal Working
Fluids
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Industrial Engine
Oils
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Others
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Total
xx
xx
xx
xx
xx
xx
xx
xx
xx%
In terms of revenue, industrial engine oils market was USD xx million in 2014 and is expected to
reach USD xx million by 2022, growing at a CAGR of xx% over the forecast period. Other
industrial lubricants that are projected to register high revenue growth include metal working
fluids.
Page | 65
4. 2. 2. 2 N ort h Am eri ca comm erci al a utom oti ve ma rk et e sti mat es a nd

TABLE 32
North America commercial automotive volume estimates, by product, 20122014, (Million Tons)
Product
2012
2013
2014
Heavy Duty Engine Oils
xx
xx
xx
Hydraulic & Transmission Fluids
xx
xx
xx
Gear Oil
xx
xx
xx
Grease
xx
xx
xx
Total
xx
xx
xx
xxxx were the largest consumed commercial automotive lubricants with demand estimated at xx
million tons in 2012. Gear oil was the second largest consumed commercial automotive
lubricant and accounted for xx million tons of demand in 2012.
TABLE 33
North America commercial automotive volume estimates and forecast, by

Product
2015
2016
2017
2018
2019
2020
2021
CAGR
(201522)
2022
Heavy Duty Engine

Oils
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Hydraulic &
Transmission
Fluids
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Gear Oil
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Grease
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Total
xx
xx
xx
xx
xx
xx
xx
xx
xx%
xxxx market was xx million tons in 2014 and is expected to reach xx million tons by 2022,
growing at a CAGR of xx% over the forecast period. Increasing demand for heavy duty trucks
for cargo transportation and industrial purposes is expected to drive the product demand over
the forecast period.
Page | 66
TABLE 34
North America commercial automotive revenue estimates, by product, 20122014, (USD Million)
Product
2012
2013
2014
Heavy Duty Engine Oils
xx
xx
xx
Hydraulic & Transmission Fluids
xx
xx
xx
Gear Oil
xx
xx
xx
Grease
xx
xx
xx
Total
xx
xx
xx
TABLE 35
North America commercial automotive revenue estimates and forecast, by

Product
2015
2016
2017
2018
2019
2020
2021
CAGR
(201522)
2022
Heavy Duty Engine

Oils
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Hydraulic &
Transmission
Fluids
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Gear Oil
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Grease
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Total
xx
xx
xx
xx
xx
xx
xx
xx
xx%
In terms of revenue, heavy duty engine oils market was USD xx million in 2014 and is expected
to reach USD xx million by 2022, growing at an estimated CAGR of xx% over the forecast
period.
Page | 67
4. 2. 2. 3 N ort h Am eri ca con sum er aut omoti ve m ar ket esti m ates an d

TABLE 36
North America consumer automotive volume estimates, by product, 20122014, (Million Tons)
Product
2012
2013
2014
Passenger Vehicle Engine & Motor Oil
xx
xx
xx
Automatic Transmission Fluids
xx
xx
xx
Gear Oil
xx
xx
xx
Grease
xx
xx
xx
Total
xx
xx
xx
Passenger vehicle engine & motor oils was the largest product segment with demand estimated
at 1.39 million tons in 2012. Increasing passenger car sales in the U.S. and Mexico are major
factors that have driven passenger vehicle engine & motor oils demand over the recent past.
This trend is expected to continue over the next seven years and lead the segment as the
fastest growing in consumer automotive lubricants market.
TABLE 37
North America consumer automotive volume estimates and forecast, by

Product
2015
2016
2017
2018
2019
2020
2021
CAGR
(201522)
2022
Passenger Vehicle
Engine & Motor Oil
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Automatic
Transmission
Fluids
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Gear Oil
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Grease
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Total
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Passenger vehicle engine & motor oils demand was xx million tons in 2014 and is expected to
reach xx million tons by 2022, growing at a CAGR of xx% over the forecast period. Automatic
Page | 68
transmission fluids demand was xx million tons in 2014 and is expected to reach xx million tons
by 2022, growing at a CAGR of xx% over the forecast period.
TABLE 38
North America consumer automotive revenue estimates, by product, 20122014, (USD Million)
Product
2012
2013
2014
Passenger Vehicle Engine & Motor Oil
xx
xx
xx
Automatic Transmission Fluids
xx
xx
xx
Gear Oil
xx
xx
xx
Grease
xx
xx
xx
Total
xx
xx
xx
TABLE 39
North America consumer automotive revenue estimates and forecast, by

Product
2015
2016
2017
2018
2019
2020
2021
CAGR
(201522)
2022
Passenger Vehicle
Engine & Motor Oil
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Automatic
Transmission
Fluids
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Gear Oil
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Grease
xx
xx
xx
xx
xx
xx
xx
xx
xx%
Total
xx
xx
xx
xx
xx
xx
xx
xx
xx%
In terms of revenue, passenger vehicle engine & motor oil market was USD xx million in 2014
and is expected to reach USD xx million by 2022, growing at a CAGR of xx% over the forecast
period.
Page | 69
Chapter 5 Competitive Landscape

5.1
Exxon Mobil
5.1.1 Company O vervi ew

ExxonMobil Corp., founded in 1990, is a U.S. based oil & gas company headquartered in Texas.
The company owns 37 oil refineries in 21 countries with refining capacity of 6.3 million barrels
per day. The company mainly deals in three business segments that include upstream (oil &
gas, E&P, shipping and wholesale operations), downstream (refining, marketing and retail
operations) and chemicals. ExxonMobil is a global manufacturer and supplier of synthetic
lubricants which are marketed by downstream business division.
5.1.2 Financi al Performance
5.1.3
2013
2014
USD xx Million
USD xx Million
Product
Application
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
Page | 70
5.1.4 Strategic Initiati ves
xxxx
xxxx
Note: The final report will contain profiles of the following companies based on the above
mentioned attributes (revenue, products, applications, and strategic developments):
1. Shell
2. British Petroleum
3. Total
4. Chevron
5. Fuchs Group
6. Pennzoil
7. Amsoil Inc.
8. Kendall (Phillips 66)
9. Valvoline
10. Castrol
11. PetroChina
12. Sinopec Corp.
13. Idemitsu Oil & Gas Co. Ltd.
14. Luk Oil
15. Nippon Oil
16. Petrobras
17. Petronas
18. Quaker Chemical Corp.
19. PetroFer Chemie
20. Zeller+Gmelin Corp.
21. Buhmwoo Chemical Ind. Co. Ltd.
22. Blaser Swisslube AG
Page | 71
Disclaimer
In
response
to
request/orders
received,
Grand
View
Research
provides
strategic
business/market analysis services to a select group of customers that are limited to publications
containing valuable market information. The publication is solely for our customers internal use.
It is acknowledged by our customer, by placing the order that no part of this strategic market
analysis service is for general publication or disclosure to third party.
Grand View Research doesnt make any warranty for the accuracy of the data as these are
primarily based on interviews and therefore, liable for fluctuation. Also, Grand View Research
doesnt take responsibility for incorrect information supplied by manufacturers or users.
Any resale, lending, disclosure or reproduction of this publication can only be made with prior
written permission from Grand View Research. Transmission and/or reproduction of this
document by any means or in any form (includes photocopying, mechanical, electronic,
recording or otherwise) are prohibited without the permission of Grand View Research.
Registered Office Address
Grand View Research, Inc.
28 2nd Street, Suite 3036
San Francisco, CA 94105
United States
Phone: 1-415-349-0058
Email: sales@grandviewresearch.com
Page | 72

Sample - Lubricants Market Analysis and Segment Forecasts To 2022 PDF

Загружено:

Сведения о документе

Оригинальное название

Авторское право

Доступные форматы

Поделиться этим документом

Поделиться или встроить документ

Параметры публикации

Этот документ был вам полезен?

Это неприемлемый материал?

Авторское право:

Доступные форматы

Sample - Lubricants Market Analysis and Segment Forecasts To 2022 PDF

Загружено:

Авторское право:

Доступные форматы

Lubricants Market Analysis By Product, Industrial (Process Oils, General

Industrial Oils, Metal Working Fluids, Industrial Engine Oils), Automotive

Grand View Research, Inc.

Lubricants Market Analysis And Segment Forecasts To 2022

Copyright 2015 Grand View Research Inc., USA

Lubricants Market Analysis And Segment Forecasts To 2022

Methodology and Scope

Research Scope & Assumptions

List of Data Sources

Lubricants Industry Outlook

Market Size and Growth Prospects

Lubricants - Value Chain Analysis

Lubricants Regulatory/Legislative Framework

ECHA (Europe Chemical Agency)

U.S. EPA (United States Environmental Protection Agency)

U.S. FDA (Food & Drug Administration)

Lubricants Market Dynamics

Market driver analysis

Rapid industrialization in BRICS nations

Positive automotive outlook

Market restraint analysis

Emergence of bio-based lubricants

Stringent environment regulations

Raw material analysis

Key Opportunities Prioritized

Industry Analysis Porters

Global Lubricants Company market share analysis, 2013

Lubricants PESTEL Analysis

Lubricants Product Outlook

Global lubricants market volume share by product, 2014 & 2022

Global industrial lubricants market estimates and forecast, 2012-2022

Global industrial lubricants market estimates and forecast, by region,

Grand View Research, Inc., USA. All Rights Reserved.

Lubricants Market Analysis And Segment Forecasts To 2022

Global industrial lubricants market estimates and forecast, by product,

Global process oils market estimates and forecast,

Global process oils market estimates and forecast,

General Industrial Oils

Global general industrial oils market estimates and

Global general industrial oils market estimates and

Metal Working Fluids

Global metal working fluids market estimates and

Global metal working fluids market estimates and

Industrial engine oils

Global industrial engine oils market estimates and

Global industrial engine oils market estimates and

Global other industrial lubricants market estimates

Global other industrial lubricants market estimates

Global commercial automotive lubricants market estimates and forecast,

Global commercial automotive lubricants market estimates and forecast,

Global commercial automotive lubricants market estimates and forecast,

Heavy Duty Engine Oil

Global heavy duty engine oil market estimates and

Global heavy duty engine oil market estimates and

Hydraulic & transmission fluid

Grand View Research, Inc., USA. All Rights Reserved.

Lubricants Market Analysis And Segment Forecasts To 2022

Global hydraulic & transmission fluid market

Global hydraulic & transmission fluid market

Global gear oil market estimates and forecast, 20122022

Global gear oil market estimates and forecast, by

Global grease market estimates and forecast, 20122022

Global grease market estimates and forecast, by