Lubricants

As Quoted In Lube Report

Growth will result from an improving economic climate and an acceleration in manufacturing, supported by relatively low natural gas prices and strength in key lubricant consuming industries.

US demand to rebound modestly through 2018

US demand for lubricants is forecast to expand less than one percent annually to 2.5 billion gallons in 2018, valued at $27.5 billion. Although demand growth will be modest, this will represent a reversal of an outright drop in demand between 2008 and 2013. Growth will result from an improving economic climate and an acceleration in manufacturing activity, supported by relatively low natural gas prices and strength in key lubricant consuming industries. However, stronger gains will be held back by losses in the light vehicle market, where the long term trend of falling lubricant demand will continue. Improved efficiency and less frequent oil replacement will be a common trend not just in light vehicles but throughout lubricant markets, serving to prevent faster growth. Longer oil change intervals will result from the greater use of higher quality, better performing products, such as synthetics. However, growth will remain healthy in value terms as average prices benefit from this shift toward premium products.

Light vehicle lubricants to remain largest segment

Light vehicle lubricants will continue to hold a unique position in the market as both the largest segment and the one most visible to consumers. Improvements in vehicle technology and lubricant formulations will continue to be rapid, driven by an industrywide focus on improving fuel efficiency in cars and trucks. As the US light vehicle fleet gradually shifts toward cars calling for very high quality, low viscosity oils, these types of products will continue to gain favor. Manufacturer and industry specifications such as the upcoming ILSAC GF-6 and General Motors’ current DEXOS standards will be influential in promoting these trends, as will marketing efforts on the behalf of lubricant companies seeking to promote their premium lubricant products. Over the longer term, rising use of electric vehicles has the potential to substantially impact demand, as these vehicles do not require engine lubricants.

Better growth opportunities exist in other markets

Better growth opportunities will exist in a number of other important markets. The US construction industry, which makes use of engine oils and other lubricants in construction equipment, is expected to continue a strong recovery from the 2007-2009 recession and be among the fastest growing lubricant markets. The oil and gas industry will continue to provide rising demand for lubricants in oilfield and pipeline applications. Furthermore, energy intensive industries such as the production of metals, motor vehicles, machinery and electricity generation will all benefit from natural gas prices remaining low by historical standards.

Study coverage

This study analyzes the 2.4 billion gallon US lubricant industry. It presents historical demand data for 2003, 2008 and 2013, with forecasts for 2018 and 2023 by basestock (e.g., petroleum, synthetic, re-refined, bio-based), formulation, product (e.g., engine oils, process oils, transmission and hydraulic fluids, metalworking fluids, general industrial oils, gear oils, greases) and market (e.g., light vehicles, commercial and industrial, transportation equipment, nondurable goods manufacturing, durable goods manufacturing).

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 38 industry competitors, including Shell, Exxon Mobil and Chevron.

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Purchase Lubricants by the Section

  1. Lubricants

    $5,200.00

    1. 1 INTRODUCTION

      $96.00

    2. 2 EXECUTIVE SUMMARY

      $111.00

      1. Table | LUBRICANT DEMAND

    3. 3 MARKET ENVIRONMENT

      $1,711.00

      1. 3.1 General

        $82.00

      2. 3.2 Macroeconomic Outlook

        $172.00

        1. Table | MACROECONOMIC INDICATORS

      3. 3.3 Manufacturing Outlook

        $148.00

        1. Table | MANUFACTURERS' SHIPMENTS

      4. 3.4 Consumer Spending Outlook

        $99.00

        1. Table | PERSONAL CONSUMPTION EXPENDITURES

      5. 3.5 Motor Vehicle Outlook

        $137.00

        1. Table | MOTOR VEHICLE INDICATORS

      6. 3.6 Motor Vehicle Design & Technology

        $314.00

        1. 3.6.1 Light Vehicle Engines & Transmissions

          $102.00

        2. 3.6.2 Diesel Engines

          $82.00

        3. 3.6.3 Hybrid & Alternative Fuel Vehicles

          $134.00

      7. 3.7 Crude Oil & Refined Petroleum Products Outlook

        $85.00

        1. Table | PETROLEUM INDUSTRY INDICATORS

      8. 3.8 Lubricant Additives Overview

        $87.00

      9. 3.9 Historical Market Trends

        $98.00

        1. Table | LUBRICANT MARKET, 2003-2013

        2. CHART II-1 LUBRICANT MARKET, 2003-2013

      10. 3.10 Pricing Trends

        $112.00

        1. Table | LUBRICANT PRICING

      11. 3.11 Environmental & Regulatory Issues

        $242.00

        1. 3.11.1 Bio-Based Lubricants

          $82.00

        2. 3.11.2 Recycling

          $82.00

        3. 3.11.3 Re-Refining

          $82.00

      12. 3.12 Motor Vehicle Lubricant Classification & Testing

        $82.00

      13. 3.13 Foreign Trade

        $82.00

        1. Table | US FINISHED LUBRICANT FOREIGN TRADE

      14. 3.14 International Activity

        $82.00

    4. 4 LUBRICANT BASESTOCKS

      $564.00

      1. 4.1 General

        $100.00

        1. Table | LUBRICANT BASESTOCK DEMAND

        2. CHART III-1 LUBRICANT PRODUCTION FLOWCHART

      2. 4.2 Petroleum Base Oils

        $275.00

        1. CHART III-2 PETROLEUM BASE OIL REFINING FLOWCHART

        2. 4.2.1 Petroleum Base Oil Supply & Demand

          $105.00

          1. Table | PETROLEUM BASE OIL SUPPLY & DEMAND

          2. CHART III-3 PETROLEUM BASE OIL DEMAND BY TYPE, 2003-2023

        3. 4.2.2 Refining Capacity

          $82.00

          1. Table | US PETROLEUM BASE OIL REFINING CAPACITY BY COMPANY, 2013

          2. CHART III-4 US PETROLEUM BASE OIL REFINING CAPACITY BY COMPANY, 2013

      3. 4.3 Other Basestocks

        $188.00

        1. Table | NON-PETROLEUM BASESTOCK DEMAND

        2. 4.3.1 Synthetic Base Fluids

          $82.00

        3. 4.3.2 Re-Refined Base Oils

          $82.00

        4. 4.3.3 Bio-Based Oils

          $82.00

    5. 5 PRODUCTS

      $2,863.00

      1. 5.1 General

        $82.00

      2. 5.2 Lubricants by Formulation

        $441.00

        1. Table | LUBRICANT DEMAND BY FORMULATION

        2. CHART IV-1 LUBRICANT DEMAND BY FORMULATION, 2013

        3. 5.2.1 Conventional

          $82.00

          1. Table | CONVENTIONAL LUBRICANT DEMAND

        4. 5.2.2 Synthetic

          $149.00

          1. Table | SYNTHETIC LUBRICANT DEMAND

        5. 5.2.3 Re-Refined

          $82.00

          1. Table | RE-REFINED LUBRICANT DEMAND

        6. 5.2.4 Bio-Based

          $82.00

          1. Table | BIO-BASED LUBRICANT DEMAND

      3. 5.3 Lubricants by Type

        $2,376.00

        1. Table | LUBRICANT DEMAND BY TYPE

        2. CHART IV-2 LUBRICANT DEMAND BY TYPE, 2013

        3. 5.3.1 Engine Oils

          $470.00

          1. Table | ENGINE OIL DEMAND

          2. Table | MOTOR VEHICLE ENGINE OIL DEMAND BY TYPE

          3. Table | LIGHT VEHICLE ENGINE OIL DEMAND BY VISCOSITY GRADE

          4. CHART IV-3 LIGHT VEHICLE ENGINE OIL DEMAND BY VISCOSITY GRADE, 2003-2023

          5. Table | OTHER ENGINE OIL DEMAND

        4. 5.3.2 Process Oils

          $438.00

          1. Table | PROCESS OIL DEMAND

          2. CHART IV-4 PROCESS OIL DEMAND BY TYPE, 2013

          3. Table | RUBBER OIL DEMAND

          4. Table | WHITE OIL DEMAND

          5. Table | ELECTRICAL OIL DEMAND

          6. Table | OTHER PROCESS OIL DEMAND

        5. 5.3.3 Transmission & Hydraulic Fluids

          $476.00

          1. Table | TRANSMISSION & HYDRAULIC FLUID DEMAND

          2. CHART IV-5 TRANSMISSION & HYDRAULIC FLUID DEMAND BY TYPE, 2013

          3. Table | INDUSTRIAL HYDRAULIC FLUID DEMAND

          4. Table | AUTOMATIC TRANSMISSION FLUID DEMAND

          5. Table | TRACTOR HYDRAULIC FLUID DEMAND

          6. Table | OTHER TRANSMISSION & HYDRAULIC FLUID DEMAND

        6. 5.3.4 Metalworking Fluids

          $253.00

          1. Table | METALWORKING FLUID DEMAND

        7. 5.3.5 General Industrial Oils

          $244.00

          1. Table | GENERAL INDUSTRIAL OIL DEMAND

          2. Table | TURBINE OIL DEMAND

          3. Table | OTHER GENERAL INDUSTRIAL OIL DEMAND

        8. 5.3.6 Gear Oils

          $253.00

          1. Table | GEAR OIL DEMAND

        9. 5.3.7 Greases

          $176.00

          1. Table | GREASE DEMAND

    6. 6 MARKETS

      $4,136.00

      1. 6.1 General

        $82.00

        1. Table | LUBRICANT DEMAND BY MARKET

        2. CHART V-1 LUBRICANT DEMAND BY MARKET, 2013

      2. 6.2 Light Vehicles

        $666.00

        1. 6.2.1 Light Vehicle Industry Outlook

          $82.00

          1. Table | LIGHT VEHICLE INDICATORS

        2. 6.2.2 Light Vehicle Lubricant Demand

          $199.00

          1. Table | LIGHT VEHICLE LUBRICANT DEMAND BY TYPE

        3. 6.2.3 Light Vehicle Engine Oil Outlets

          $343.00

          1. Table | LIGHT VEHICLE ENGINE OIL DEMAND BY OUTLET

      3. 6.3 Commercial & Industrial

        $1,028.00

        1. Table | COMMERCIAL & INDUSTRIAL LUBRICANT DEMAND

        2. CHART V-2 COMMERCIAL & INDUSTRIAL LUBRICANT DEMAND BY MARKET, 2013

        3. 6.3.1 Agriculture

          $255.00

          1. Table | AGRICULTURAL INDICATORS

          2. Table | AGRICULTURAL LUBRICANT DEMAND

        4. 6.3.2 Electricity Generation

          $213.00

          1. Table | ELECTRICITY GENERATION

          2. Table | ELECTRICITY GENERATION LUBRICANT DEMAND

        5. 6.3.3 Construction

          $199.00

          1. Table | CONSTRUCTION EXPENDITURES

          2. Table | CONSTRUCTION INDUSTRY LUBRICANT DEMAND

        6. 6.3.4 Oil & Gas Production

          $212.00

          1. Table | PETROLEUM & NATURAL GAS PRODUCTION

          2. Table | PETROLEUM & NATURAL GAS LUBRICANT DEMAND

        7. 6.3.5 Other Commercial & Industrial Markets

          $93.00

          1. Table | OTHER COMMERCIAL & INDUSTRIAL LUBRICANT DEMAND

      4. 6.4 Transportation Equipment

        $752.00

        1. Table | TRANSPORTATION EQUIPMENT LUBRICANT DEMAND

        2. CHART V-3 TRANSPORTATION EQUIPMENT LUBRICANT DEMAND BY MARKET, 2013

        3. 6.4.1 Heavy-Duty Trucks & Buses

          $204.00

          1. Table | HEAVY-DUTY TRUCK & BUS INDICATORS

          2. Table | HEAVY-DUTY TRUCK & BUS LUBRICANT DEMAND

        4. 6.4.2 Marine Equipment

          $180.00

          1. Table | WATERBORNE COMMERCE INDICATORS

          2. Table | MARINE LUBRICANT DEMAND

        5. 6.4.3 Railroad Equipment

          $127.00

          1. Table | RAILROAD TRANSPORTATION INDICATORS

          2. Table | RAILROAD LUBRICANT DEMAND

        6. 6.4.4 Aerospace Equipment

          $128.00

          1. Table | AIRCRAFT IN SERVICE

          2. Table | AEROSPACE LUBRICANT DEMAND

        7. 6.4.5 Other Transportation Equipment

          $82.00

          1. Table | OTHER TRANSPORTATION EQUIPMENT LUBRICANT DEMAND

      5. 6.5 Nondurable Goods Manufacturing

        $1,012.00

        1. Table | NONDURABLE GOODS LUBRICANT DEMAND

        2. CHART V-4 NONDURABLE GOODS LUBRICANT DEMAND BY MARKET, 2013

        3. 6.5.1 Plastics & Rubber

          $157.00

          1. Table | PLASTICS & RUBBER DEMAND

          2. Table | PLASTICS & RUBBER LUBRICANT DEMAND

        4. 6.5.2 Food & Beverages

          $277.00

          1. Table | FOOD & BEVERAGE SHIPMENTS

          2. Table | FOOD & BEVERAGE LUBRICANT DEMAND

        5. 6.5.3 Cosmetics & Toiletries

          $168.00

          1. Table | COSMETIC & TOILETRY SUPPLY & DEMAND

          2. Table | COSMETIC & TOILETRY LUBRICANT DEMAND

        6. 6.5.4 Chemicals

          $172.00

          1. Table | CHEMICAL PRODUCT SHIPMENTS

          2. Table | CHEMICAL INDUSTRY LUBRICANT DEMAND

        7. 6.5.5 Paper & Textiles

          $147.00

          1. Table | PAPER & TEXTILE PRODUCT SHIPMENTS

          2. Table | PAPER & TEXTILE LUBRICANT DEMAND

        8. 6.5.6 Other Nondurable Goods Manufacturing

          $82.00

          1. Table | OTHER NONDURABLE GOODS MANUFACTURING LUBRICANT DEMAND

      6. 6.6 Durable Goods Manufacturing

        $609.00

        1. Table | DURABLE GOODS LUBRICANT DEMAND

        2. CHART V-5 DURABLE GOODS LUBRICANT DEMAND BY MARKET, 2013

        3. 6.6.1 Machinery

          $170.00

          1. Table | MACHINERY SHIPMENTS

          2. Table | MACHINERY PRODUCTION LUBRICANT DEMAND

        4. 6.6.2 Transportation Equipment Manufacturing

          $211.00

          1. Table | TRANSPORTATION EQUIPMENT SHIPMENTS

          2. Table | TRANSPORTATION EQUIPMENT OEM LUBRICANT DEMAND

        5. 6.6.3 Metals

          $141.00

          1. Table | METAL PRODUCT SHIPMENTS

          2. Table | METAL PRODUCTION LUBRICANT DEMAND

        6. 6.6.4 Other Durable Goods Manufacturing

          $82.00

          1. Table | OTHER DURABLE GOODS MANUFACTURING LUBRICANT DEMAND

    7. 7 INDUSTRY STRUCTURE

      $5,096.00

      1. 7.1 General

        $82.00

      2. 7.2 Industry Composition

        $83.00

        1. Table | US LUBRICANT SALES BY COMPANY, 2013

      3. 7.3 Market Share

        $194.00

        1. CHART VI-1 US FINISHED LUBRICANT MARKET SHARE, 2013

      4. 7.4 Acquisitions & Divestitures

        $85.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      5. 7.5 Competitive Strategies

        $125.00

        1. 7.5.1 Low Cost Production

          $82.00

        2. 7.5.2 Strategic Partnerships

          $82.00

          1. Table | SELECTED COOPERATIVE AGREEMENTS

      6. 7.6 Marketing

        $181.00

        1. 7.6.1 Industrial Lubricant Marketing Strategies

          $82.00

        2. 7.6.2 Automotive Lubricant Marketing Strategies

          $124.00

      7. 7.7 Distribution

        $95.00

      8. 7.8 Refining & Blending

        $82.00

      9. 7.9 Company Profiles

        $4,194.00

        1. 7.9.1 AMSOIL Incorporated

          $156.00

        2. 7.9.2 Ashland Incorporated

          $128.00

        3. 7.9.3 BP plc

          $265.00

        4. 7.9.4 Calumet Specialty Products Partners LP

          $224.00

        5. 7.9.5 Chemtura Corporation

          $113.00

        6. 7.9.6 Chevron Corporation

          $253.00

        7. 7.9.7 Chevron Phillips Chemical Company LLC

          $82.00

        8. 7.9.8 Clean Harbors Incorporated

          $89.00

        9. 7.9.9 ConocoPhillips

          $82.00

        10. 7.9.10 Croda International plc

          $82.00

        11. 7.9.11 Dow Chemical Company

          $156.00

        12. 7.9.12 DuPont (EI) de Nemours

          $115.00

        13. 7.9.13 Eastman Chemical Company

          $87.00

        14. 7.9.14 Ergon Incorporated

          $84.00

        15. 7.9.15 Exxon Mobil Corporation

          $229.00

        16. 7.9.16 FUCHS Petrolub AG

          $118.00

        17. 7.9.17 Gulf Oil Corporation Limited

          $92.00

        18. 7.9.18 Heartland Petroleum LLC

          $82.00

        19. 7.9.19 Henkel AG & Company KGaA

          $86.00

        20. 7.9.20 Heritage-Crystal Clean Incorporated

          $82.00

        21. 7.9.21 HollyFrontier Corporation

          $82.00

        22. 7.9.22 Illinois Tool Works Incorporated

          $177.00

        23. 7.9.23 LyondellBasell Industries NV

          $82.00

        24. 7.9.24 Martin Midstream Partners LP

          $99.00

        25. 7.9.25 Martin Resource Management Corporation

          $90.00

        26. 7.9.26 Milacron LLC

          $104.00

        27. 7.9.27 PBF Energy Incorporated

          $82.00

        28. 7.9.28 Petróleos de Venezuela SA

          $149.00

        29. 7.9.29 Phillips 66

          $217.00

        30. 7.9.30 Quaker Chemical Corporation

          $131.00

        31. 7.9.31 Rockwood Holdings Incorporated

          $82.00

        32. 7.9.32 Royal Dutch Shell plc

          $170.00

        33. 7.9.33 San Joaquin Refining Company Incorporated

          $82.00

        34. 7.9.34 Sonneborn LLC

          $82.00

        35. 7.9.35 Suncor Energy Incorporated

          $154.00

        36. 7.9.36 Total SA

          $142.00

        37. 7.9.37 Valero Energy Corporation

          $82.00

        38. 7.9.38 Warren Oil Company Incorporated

          $82.00

      10. 7.10 Additional Companies Mentioned in Study

        $82.00

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