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Study #: 3187

Published: 08/2014

Pages: 288

Full Study Price: US$ 5,200

Per Page Price: US$ 35.00 (text) | 60.00 (table)

Synthetic Lubricants & Functional Fluids - Industry Market Research, Market Share, Market Size, Sales, Demand Forecast, Market Leaders, Company Profiles, Industry Trends

US synthetic lubricant and functional fluid demand will rise 6.8 percent yearly to $6.3 billion in 2018. Engine oils will account for the largest share of gains, while Group III base oils will remain the fastest growing type. The energy and power generation, automotive equipment, and industrial machinery markets will grow the fastest.

This study analyzes the $4.6 billion US synthetic lubricant and functional fluid industry. It presents historical demand data for 2003, 2008 and 2013, with forecasts for 2018 and 2023 by product (e.g., engine oils, antifreeze and deicing fluids, transmission and hydraulic fluids, heat transfer fluids, metalworking fluids, dielectric fluids), material (e.g., glycols, polyalphaolefins, esters, Group III base oils) and market (e.g., automotive, metals, aircraft/aerospace, energy/power generation, industrial machinery, process industries).

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 27 industry competitors, including Exxon Mobil, Prestone Products and Royal Dutch Shell.

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				    TABLE OF CONTENTS

     SECTION									    PAGE

		INTRODUCTION							      ix

	I.	EXECUTIVE SUMMARY						       1

	II.	MARKET ENVIRONMENT						       4
		General								       4
		Macroeconomic Outlook						       5
		Demographic Outlook						       9
		Personal Consumption Expenditures				      13
		Manufacturing Outlook						      16
		Competitive Products						      20
		Environmental & Regulatory Issues				      22
		   Recycling & Re-Refining					      25
		   Motor Vehicle Lubricant Specifications			      27
		Pricing Trends							      28
		Foreign Trade & International Activity				      31

	III.	PRODUCTS							      35
		General								      35
		Engine Oils							      37
		   Fully Synthetic Engine Oils					      38
		      Gasoline Engine Oils					      41
		      Heavy-Duty Diesel Engine Oils				      45
		      Other Engine Oils						      48
		   Semi-Synthetic Engine Oils					      51
		Antifreeze & Deicing Fluids					      55
		   Antifreeze							      56
		   Deicing Fluids						      58
		Transmission & Hydraulic Fluids					      59
		   Transmission Fluids						      63
		      Product Characteristics					      63
		      Demand							      65
		   Hydraulic Fluids						      66
		Heat Transfer Fluids						      69
		   Low Temperature						      72
		   High Temperature						      73
		Metalworking Fluids						      75
		   Product Characteristics					      76
		   Demand							      78
		Dielectric Fluids						      87
		Other Products							      90
		   Gear Oils							      92
		   Compressor Lubricants					      95
		   Turbine Lubricants						      96
		   All Other							      98

	IV.	MATERIALS							     102
		General								     102
		Glycols								     104
		Polyalphaolefins						     108
		Esters								     111
		Group III Base Oils						     115
		Aromatics							     119
		Silicone Fluids							     123
		Other								     125

	V.	MARKETS								     130
		General								     130
		Automotive							     133
		   Motor Vehicle & Off-Highway Equipment Outlook		     134
		   Synthetic Lubricant & Functional Fluid Demand		     138
		      Light Vehicles						     140
		      Medium- & Heavy-Duty Vehicles				     142
		      Off-Highway Equipment					     145
		Metals								     150
		   Metal Industry Outlook					     151
		   Synthetic Lubricant & Functional Fluid Demand		     152
		Aircraft/Aerospace						     154
		   Aircraft/Aerospace Outlook					     155
		   Synthetic Lubricant & Functional Fluid Demand		     156
		Energy/Power Generation						     158
		   Energy/Power Generation Industry Outlook			     159
		   Synthetic Lubricant & Functional Fluid Demand		     161
		Industrial Machinery						     164
		   Industrial Machinery Outlook					     165
		   Synthetic Lubricant & Functional Fluid Demand		     167
		Process Industries						     170
		   Process Manufacturing Industry Outlook			     170
		   Synthetic Lubricant & Functional Fluid Demand		     172
		Other Markets							     175

	VI.	INDUSTRY STRUCTURE						     178
		General								     178
		Market Share							     182
		Competitive Strategies						     187
		   Research & Development					     188
		   Chemical Management Services					     190
		Merger & Acquisition Activity					     191
		Manufacturing							     194
		Marketing							     196
		   Synthetic Engine Oil						     197
		      Brand Name Recognition					     198
		      Sports Sponsorship					     199
		   Antifreeze							     200
		   Other Synthetic Fluids Marketing Strategies			     201
		Distribution							     202
		Company Profiles						     205
		   AMSOIL Incorporated						     206
		   Ashland Incorporated						     209
		   Autoparts Holdings Limited					     212
		   BASF SE							     213
		   Bel-Ray, see Calumet Specialty Products Partners
		   Berkshire Hathaway Incorporated				     216
		   BP plc							     219
		   Calumet Specialty Products Partners LP			     224
		   Chemtool, see Berkshire Hathaway
		   Chemtura Corporation						     229
		   Chevron Corporation						     231
		   Chevron Phillips Chemical Company LLC			     235
		   CIMCOOL Industrial Products, see Milacron
		   CITGO Petroleum, see Petróleos de Venezuela
		   CLC Lubricants Company					     236
		   ConocoPhillips						     237
		   CPI Engineering Services, see Berkshire Hathaway
		   Dow Chemical Company						     238
		   Dow Corning Corporation					     241
		   DuPont (EI) de Nemours					     242
		   Eastman Chemical Company					     244
		   Exxon Mobil Corporation					     247
		   FUCHS Petrolub SE						     253
		   Houghton International Incorporated				     255
		   Lubrizol, see Berkshire Hathaway
		   Milacron LLC							     257
		   Oak International, see Milacron
		   Old World Industries LLC					     259
		   Petróleos de Venezuela SA					     262
		   Phillips 66							     266
		   Quaker Chemical Corporation					     270
		   Royal Dutch Shell plc					     272
		   Royal Purple, see Calumet Specialty Products Partners
		   Shell Oil, see Royal Dutch Shell
		   Total SA							     276
		   TruSouth Oil, see Calumet Specialty Products Partners
		   United Petroleum, see Calumet Specialty Products Partners
		   Valvoline, see Ashland
		   Warren Oil Company Incorporated				     280
		Additional Companies Mentioned in the Study			     282


				      LIST OF TABLES

    TABLE NUMBER								    PAGE


		SECTION I -- EXECUTIVE SUMMARY
		Summary Table							       3

		SECTION II -- MARKET ENVIRONMENT
	1	Macroeconomic Indicators					       9
	2	Population & Households						      13
	3	Personal Consumption Expenditures				      16
	4	Manufacturers’ Shipments					      20
	5	Synthetic Functional Fluid Pricing				      30
	6	Synthetic Lubricant & Functional Fluid  Foreign Trade		      34

		SECTION III -- PRODUCTS
	1	Synthetic Lubricant & Functional Fluid Demand by Product	      36
	2	Fully Synthetic Engine Oil Demand by Type			      41
	3	Fully Synthetic Gasoline Engine Oil Demand			      45
	4	Fully Synthetic Heavy-Duty Diesel Engine Oil Demand		      48
	5	Other Fully Synthetic Engine Oil Demand				      51
	6	Semi-Synthetic Engine Oil Demand				      54
	7	Synthetic Antifreeze & Deicing Fluid Demand			      56
	8	Synthetic Transmission & Hydraulic Fluid Demand by Product, 
		   Chemical, & Market						      62
	9	Synthetic Heat Transfer Fluid Demand				      71
	10	Synthetic Metalworking Fluid Demand				      81
	11	Synthetic Metal Removal Fluid Demand				      83
	12	Synthetic Metal Forming Fluid Demand				      85
	13	Other Synthetic Metalworking Fluid Demand			      87
	14	Synthetic Dielectric Fluid Demand				      90
	15	Other Synthetic Lubricant & Functional Fluid Demand		      91

		SECTION IV -- MATERIALS
	1	Synthetic Lubricant & Functional Fluid Demand by Material	     103
	2	Glycol Demand in Synthetic Lubricants & Functional Fluids	     108
	3	Polyalphaolefin Demand in Synthetic Lubricants  & Functional 
		   Fluids							     111
	4	Ester Demand in Synthetic Lubricants & Functional Fluids	     115
	5	Group III Base Oil Demand in Synthetic Lubricants  & Functional 
		   Fluids							     119
	6	Aromatics-Based Chemical Demand  in Synthetic Lubricants & 
		   Functional Fluids						     122
	7	Silicone Fluid Demand in Synthetic Lubricants  & Functional Fluids
		   								     125
	8	Demand for Other Chemicals, Additives, & Blending Components  
		   in Synthetic Lubricants & Functional Fluids			     129

		SECTION V -- MARKETS
	1	Synthetic Lubricant & Functional Fluid Demand by Market		     132
	2	Motor Vehicle & Off-Highway Equipment Indicators		     138
	3	Automotive Market for Synthetic Lubricants  & Functional Fluids
		   								     139
	4	Light Vehicle Market for Synthetic Lubricants  & Functional Fluids
		   								     142
	5	Medium- & Heavy-Duty Vehicle Market  for Synthetic Lubricants 
		   & Functional Fluids						     145
	6	Off-Highway Equipment Market  for Synthetic Lubricants & 
		   Functional Fluids						     147
	7	Metal Product Shipments						     152
	8	Metals Industry Market for Synthetic Lubricants &  Functional 
		   Fluids							     154
	9	Aircraft in Service						     156
	10	Aircraft/Aerospace Market for Synthetic Lubricants & Functional 
		   Fluids							     158
	11	Energy/Power Generation Indicators				     161
	12	Energy/Power Generation Market  for Synthetic Lubricants & 
		   Functional Fluids						     164
	13	Machinery Shipments						     167
	14	Industrial Machinery Market  for Synthetic Lubricants & Functional 
		   Fluids							     169
	15	Process Manufacturers’ Shipments				     172
	16	Process Industries Market for Synthetic Lubricants & Functional 
		   Fluids							     175
	17	Other Markets for Synthetic Lubricants & Functional Fluids	     177

		SECTION VI -- INDUSTRY STRUCTURE
	1	US Synthetic Lubricant & Functional Fluid  Sales by Company, 
		   2013								     181
	2	Research & Development Spending Patterns: Selected Synthetic 
		   Fluid Companies, 2011-2013					     189
	3	Selected Acquisitions & Divestitures				     193


				      LIST OF CHARTS

    CHART NUMBER								    PAGE

		SECTION I -- EXECUTIVE SUMMARY

		SECTION II -- MARKET ENVIRONMENT
	1	Synthetic Functional Fluid Pricing Volatility by Product, 2003-2023
		   								      31

		SECTION III -- PRODUCTS
	1	Synthetic Lubricant & Functional Fluid Demand by Product, 2013
		   								      37

		SECTION IV -- MATERIALS
	1	Synthetic Lubricant & Functional Fluid Demand by Material, 2013
		   								     104

		SECTION V -- MARKETS
	1	Synthetic Lubricant & Functional Fluid Demand  by Market, 2013
		   								     133

		SECTION VI -- INDUSTRY STRUCTURE
	1	Synthetic Lubricant & Functional Fluid Market Share, 2013	     183



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