US demand for lubricants will reverse recent declines, supported by a turnaround in motor vehicle production, an acceleration in the number of automobiles in use, and increased manufacturing output. Higher-quality Group II/II+ and Group III basestocks, as well as synthetic types, will increase their share of the market.

This study analyzes the 2.1 billion gallon US lubricant industry. It presents historical demand data for the years 1999, 2004 and 2009, with forecasts for 2014 and 2019 by base oil, product (e.g., engine oils, process oils, general industrial oils, transmission and hydraulic fluids, metalworking fluids) and market.

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 35 industry players, including Shell, Exxon Mobil and Chevron.

				    TABLE OF CONTENTS

     SECTION									    PAGE

		Introduction							      xi

	I.	Executive Summary						       1

	II.	Market Environment						       4
		General								       4
		Macroeconomic Outlook						       4
		Manufacturing Outlook						       8
		Consumer Spending						      11
		Motor Vehicle Outlook						      13
		Motor Vehicle Design & Technology				      17
		   Light Vehicle Engines					      17
		   Diesel Engines						      20
		   Oil Filters							      21
		Crude Oil & Refined Petroleum Products Outlook			      23
		Lubricant Additives Overview					      26
		Historical Market Trends					      28
		Pricing Trends							      31
		Environmental & Regulatory Issues				      33
		   Bio-Based Lubricants						      36
		   Recycling							      36
		   Re-Refining							      38
		Motor Vehicle Lubricant Classification & Testing		      39
		Foreign Trade							      41
		International Activity						      43

	III.	Lubricant Base Oils						      45
		General								      45
		Base Oils							      47
		   Petroleum Base Oils						      49
		      Petroleum Base Oil Supply & Demand			      52
		      Petroleum Base Oil Refining Capacity			      55
		   Other Base Oils						      59
		Synthetic Lubricants						      62
		Re-Refined Lubricants						      66
		Bio-Based Lubricants						      69

	IV.	Products							      72
		General								      72
		Engine Oils							      74
		   Motor Vehicle Engine Oils					      77
		      Markets							      80
		      Grades							      81
		   Other Engine Oils						      84
		Process Oils							      86
		   Rubber Oils							      89
		   White Oils							      91
		   Electrical Oils						      94
		   Other Process Oils						      98
		General Industrial Oils						     100
		   Hydraulic Fluids						     103
		   Turbine Oils							     106
		   Fire-Resistant Fluids					     109
		   Other General Industrial Oils				     112
		Transmission & Hydraulic Fluids					     114
		   Automatic Transmission Fluids				     117
		   Tractor Hydraulic & Transmission Fluids			     120
		   Power Steering & Other Fluids				     122
		Metalworking Fluids						     123
		   Product Characteristics					     126
		   Suppliers							     129
		Gear Oils							     130
		   Automotive Gear Oils						     131
		   Industrial Gear Oils						     135
		Greases								     137
		   Industrial Greases						     139
		   Automotive Greases						     140

	V.	Markets								     143
		General								     143
		Light Vehicle Aftermarket					     145
		   Light Vehicle Industry Outlook				     146
		   Light Vehicle Aftermarket Lubricant Demand			     148
		      Engine Oils						     149
		      Transmission Fluids					     150
		      Gear Oils							     152
		   Light Vehicle Engine Oil Sectors				     153
		      Professional						     154
		      DIY							     159
		Commercial & Industrial						     160
		   Agriculture							     162
		      Agriculture Industry Outlook				     163
		      Agriculture Lubricant Demand				     165
		   Power Generation						     168
		      Electricity Generation Industry Outlook			     168
		      Power Generation Lubricant Demand				     170
		   Construction Equipment					     173
		      Construction Industry Outlook				     173
		      Construction Equipment Lubricant Demand			     176
		   Petroleum & Natural Gas Production				     178
		      Petroleum & Natural Gas Industry Outlook			     178
		      Petroleum & Natural Gas Lubricant Demand			     180
		   Mining							     182
		      Mining Industry Outlook					     183
		      Mining Industry Lubricant Demand				     184
		   Other Commercial & Industrial Markets			     186
		Transportation Equipment Aftermarket				     188
		   Heavy-Duty Trucks & Buses					     190
		      Heavy-Duty Truck & Bus Industry Outlook			     190
		      Heavy-Duty Truck & Bus Lubricant Demand			     193
		   Marine Equipment						     196
		      Waterborne Commerce Industry Outlook			     196
		      Marine Lubricant Demand					     198
		   Railroad Equipment						     200
		      Railroad Industry Outlook					     200
		      Railroad Lubricant Demand					     202
		   Aerospace Equipment						     204
		      Aerospace Industry Outlook				     204
		      Aerospace Lubricant Demand				     205
		   Other Transportation Equipment Aftermarket			     207
		Nondurable Goods Manufacturing					     209
		   Plastics & Rubber						     212
		      Plastics & Rubber Industry Outlook			     212
		      Plastics & Rubber Lubricant Demand			     214
		   Food & Beverages						     216
		      Food & Beverage Industry Outlook				     217
		      Food & Beverage Lubricant Demand				     219
		   Cosmetics & Toiletries					     224
		      Cosmetic & Toiletry Industry Outlook			     224
		      Cosmetic & Toiletry Lubricant Demand			     226
		   Chemicals							     228
		      Chemical Industry Outlook					     228
		      Chemical Product Lubricant Demand				     231
		   Paper & Textiles						     233
		      Paper & Textile Industry Outlook				     233
		      Paper & Textile Lubricant Demand				     235
		   Printing Inks						     237
		      Printing Ink Industry Outlook				     237
		      Printing Ink Lubricant Demand				     239
		   Other Nondurable Goods Manufacturing				     241
		Durable Goods Manufacturing					     242
		   Transportation OEM						     245
		      Transportation Equipment Industry Outlook			     246
		      Transportation OEM Lubricant Demand			     248
		   Machinery							     250
		      Machinery Industry Outlook				     250
		      Machinery Production Lubricant Demand			     252
		   Metals							     254
		      Metal Products Industry Outlook				     255
		      Metal Production Lubricant Demand				     256
		   Other Durable Goods Manufacturing				     258

	VI.	Industry Structure						     260
		General								     260
		Industry Composition						     261
		Market Share							     263
		Competitive Strategies						     268
		   Low Cost Production						     268
		   Strategic Partnerships					     270
		Acquisitions & Divestitures					     272
		Refining & Blending						     274
		Marketing							     275
		   Industrial Lubricant Marketing Strategies			     276
		   Automotive Lubricant Marketing Strategies			     277
		      Brand Name Recognition					     280
		      Sports Sponsorship					     280
		Distribution							     282
		Company Profiles						     285
		   Air BP, see BP
		   AMSOIL Incorporated						     286
		   Anderol, see Chemtura
		   Ashland Incorporated						     289
		   BP plc							     293
		   Burmah Castrol, see BP
		   Calumet Specialty Products Partners LP			     298
		   Chemetall, see Rockwood Holdings
		   Chemtura Corporation						     301
		   Chevron Corporation						     304
		   Chevron Phillips Chemical Company LLC			     309
		   CIMCOOL Global Industrial Fluids, see Milacron
		   CITGO Petroleum, see Petroleos de Venezuela
		   ConocoPhillips						     310
		   CPI Engineering Services, see Lubrizol
		   Croda International plc					     315
		   Cross Oil Refining & Marketing Incorporated			     316
		   Dow Chemical Company						     319
		   DuPont (EI) de Nemours					     321
		   Dylon Industries, see FUCHS Petrolub
		   Ergon Incorporated						     323
		   Excel Paralubes, see ConocoPhillips
		   Exxon Mobil Corporation					     325
		   FUCHS Petrolub AG						     329
		   Hatco, see Chemtura
		   Henkel AG & Company KGaA					     332
		   Holly Corporation						     334
		   Houghton International Incorporated				     335
		   Houston Refining, see LyondellBasell Industries
		   Illinois Tool Works Incorporated				     337
		   LPS Laboratories, see Illinois Tool Works
		   Lubrizol Corporation						     340
		   LyondellBasell Industries NV					     342
		   Marathon Oil Corporation					     343
		   Metal Mates, see Illinois Tool Works
		   Milacron LLC							     345
		   Motiva Enterprises, see Royal Dutch Shell
		   MS Fluid Technologies, see FUCHS Petrolub
		   Oak International, see Milacron
		   Petro-Canada, see Suncor Energy
		   Petroleos de Venezuela SA					     347
		   Petroleum Additives, see Chemtura
		   Quaker Chemical Corporation					     350
		   Rockwood Holdings Incorporated				     353
		   Royal Dutch Shell plc					     354
		   Safety-Kleen Systems Incorporated				     358
		   San Joaquin Refining Company Incorporated			     359
		   Sonneborn LLC						     360
		   Suncor Energy Incorporated					     362
		   Sunoco Incorporated						     365
		   Total SA							     366
		   Valero Energy Corporation					     370
		   Valvoline, see Ashland
		   Warren Oil Company Incorporated				     371
		Additional Companies Mentioned in the Study			     373


				      LIST OF TABLES

    TABLE NUMBER								    PAGE


		SECTION I -- Executive Summary
		Summary Table							       3

		SECTION II -- Market Environment
	1	Macroeconomic Indicators					       8
	2	Manufacturers’ Shipments					      11
	3	Personal Consumption Expenditures				      13
	4	Motor Vehicle Indicators					      16
	5	Petroleum Industry Indicators					      26
	6	Lubricant Market, 1999-2009					      30
	7	Lubricant Pricing						      33
	8	US Finished Lubricant Foreign Trade				      43

		SECTION III -- Lubricant Base Oils
	1	Lubricant Base Oil Demand					      49
	2	Petroleum Base Oil Supply & Demand				      54
	3	Petroleum Base Oil Refining Capacity by Company, 2009		      58
	4	Other Lubricant Base Oil Demand					      62
	5	Synthetic Lubricant Demand by Type				      66
	6	Re-Refined Lubricant Demand					      69
	7	Bio-Based Lubricant Demand					      71

		SECTION IV -- Products
	1	Lubricant Demand by Type					      73
	2	Engine Oil Demand						      77
	3	Motor Vehicle Engine Oil Demand by Market			      81
	4	Motor Vehicle Engine Oil Demand by Grade			      83
	5	Other Engine Oil Demand						      86
	6	Process Oil Demand						      88
	7	Rubber Oil Demand						      91
	8	White Oil Demand						      94
	9	Electrical Oil Demand						      97
	10	Other Process Oil Demand					     100
	11	General Industrial Oil Demand					     102
	12	Industrial Hydraulic Fluid Demand				     106
	13	Industrial Turbine Oil Demand					     108
	14	Fire-Resistant Fluid Demand					     111
	15	Other General Industrial Oil Demand				     114
	16	Transmission & Hydraulic Fluid Demand				     116
	17	Metalworking Fluid Demand					     126
	18	Gear Oil Demand							     131
	19	Grease Demand							     139

		SECTION V -- Markets
	1	Lubricant Demand by Market					     144
	2	Light Vehicles in Use						     148
	3	Light Vehicle Aftermarket Lubricant Demand			     149
	4	Light Vehicle Engine Oil Demand by Sector			     154
	5	Commercial & Industrial Lubricant Demand			     161
	6	Agricultural Indicators						     165
	7	Agricultural Lubricant Demand					     168
	8	Electricity Generation						     170
	9	Power Generation Lubricant Demand				     172
	10	Construction Expenditures					     176
	11	Construction Equipment Lubricant Demand				     178
	12	Petroleum & Natural Gas Production				     180
	13	Petroleum & Natural Gas Lubricant Demand			     182
	14	Mining Materials Handled					     184
	15	Mining Lubricant Demand						     186
	16	Other Commercial & Industrial Lubricant Demand			     188
	17	Transportation Equipment Aftermarket Lubricant Demand		     189
	18	Heavy Truck & Bus Indicators					     193
	19	Heavy Truck & Bus Aftermarket Lubricant Demand			     195
	20	Waterborne Commerce Indicators					     198
	21	Marine Lubricant Demand						     200
	22	Railroad Indicators						     202
	23	Railroad Lubricant Demand					     203
	24	Aircraft in Service						     205
	25	Aerospace Lubricant Demand					     207
	26	Other Transportation Equipment Aftermarket Lubricant 
		   Demand							     209
	27	Nondurable Goods Lubricant Demand				     211
	28	Plastics & Rubber Demand					     214
	29	Plastics & Rubber Lubricant Demand				     216
	30	Food & Beverage Shipments					     219
	31	Food & Beverage Lubricant Demand				     223
	32	Cosmetic & Toiletry Supply & Demand				     226
	33	Cosmetic & Toiletry Lubricant Demand				     228
	34	Chemical Product Shipments					     231
	35	Chemical Product Lubricant Demand				     232
	36	Paper & Textile Products Shipments				     235
	37	Paper & Textile Lubricant Demand				     237
	38	Printing Ink Production						     239
	39	Printing Ink Lubricant Demand					     241
	40	Other Nondurable Goods Manufacturing Lubricant Demand		     242
	41	Durable Goods Manufacturing Lubricant Demand			     244
	42	Transportation Equipment Shipments				     248
	43	Transportation OEM Lubricant Demand				     250
	44	Machinery Shipments						     252
	45	Machinery Production Lubricant Demand				     254
	46	Metal Products Shipments					     256
	47	Metal Production Lubricant Demand				     258
	48	Other Durable Goods Manufacturing Lubricant Demand		     259

		SECTION VI -- Industry Structure
	1	US Lubricant Sales by Company, 2009				     262
	2	Selected Cooperative Agreements					     271
	3	Selected Acquisitions & Divestitures				     273

		      LIST OF CHARTS

    CHART NUMBER								    PAGE


		SECTION II -- Market Environment
	1	Lubricant Market, 1999-2009					      30

		SECTION III -- Lubricant Base Oils
	1	Lubricant Production Flowchart					      46
	2	Petroleum Base Oil Refining Stages				      51
	3	Petroleum Base Oil Demand by Type, 1999-2019			      55
	4	Petroleum Base Oil Refining Capacity by Company, 2009		      59

		SECTION IV -- Products
	1	Lubricant Demand by Type, 2009					      74
	2	Motor Vehicle Engine Oil Demand by Grade, 1999-2019		      84
	3	Process Oil Demand by Type, 2009				      89
	4	General Industrial Oil Demand by Type, 2009			     103
	5	Transmission & Hydraulic Fluid Demand by Type, 2009		     117

		SECTION V -- Markets
	1	Lubricant Demand by Market, 2009				     145
	2	Commercial & Industrial Lubricant Demand by End Use, 
		   2009								     162
	3	Transportation Equipment Aftermarket  for Lubricants, 2009	     190
	4	Nondurable Goods Lubricant Demand by Market, 2009		     212
	5	Durable Goods Manufacturing Lubricant Demand 
		   by Market, 2009						     245

		SECTION VI -- Industry Structure
	1	US Finished Lubricant Market Share, 2009			     263