Synthetic Lubricants & Functional Fluids

Demand will benefit from synthetics growth in the lubricant market, as well as increasingly stringent environmental standards, and the increasing availability of new and high quality basestock capacity.

US demand to grow 8.6% annually through 2015

US demand for synthetic lubricants and functional fluids is forecast to climb 8.6 percent per year to $7.4 billion in 2015. Synthetcs will expand their share of the overall lubricant market, propelled by the higher performance requirements of modern equipment, as well as increasingly stringent environmental standards. Gains will also be fueled by the expanding availability of high quality basestocks due to rising investment in new basestock capacity, both in the US and overseas. As the supply of these materials expands, original equipment manufacturers (OEMs) are becoming more willing to recommend the use of high performance synthetic products, particularly as OEMs make steps toward global specifications.

Vehicle & equipment market to remain dominant

The vehicle and equipment market will remain the largest outlet for synthetic lubricants through the forecast period. Within this market, light vehicles account for the majority of demand due to the universally synthetic nature of antifreeze, brake and deicing (windshield wiper) fluids, in addition to the rising use of synthetic engine oils and transmission fluids. Although demand in this segment will continue to rise, more rapid gains will be achieved in the medium and heavy vehicle sector. Fueling growth will be increasingly stringent greenhouse gas emissions and fuel economy regulations, which will generate greater interest in lower viscosity engine oils that can handle higher loads and perform well in higher operating temperatures.

Engine oil to remain fastest-growing product

Engine oil will remain the fastest-growing product type through 2015. These lubricants primarily find use in automotive applications, and will therefore benefit from a rebound in motor vehicle output from the declines of the 2005-2010 period, as well as continued gains in the number of motor vehicles in use. The adoption of the GF-5 and API SN engine oil specifications in 2010 will further promote gains. Major auto makers such as Toyota, Honda and GM now require at least some type of synthetic or synthetic blend motor oil for nearly all of their vehicles. This will drive demand for synthetics in the engine oil market. Although volume gains will be limited by lengthening oil change intervals, demand for synthetics will grow as they capture a greater share of the market from conventional formulations.

Among the various materials utilized to formulate synthetic lubricants and functional fluids, glycol fluids represented the leading category in 2010. However, glycol’s share of the market is forecast to decline due to maturity in the large antifreeze segment, along with a shift toward extended flush intervals and fill-for-life components in automotive design technology. Polyalphaolefins (PAOs) and Group III base oils are also key materials, and are projected to expand at the fastest rates through 2015.

Study Scope

This study analyzes the $4.9 billion US synthetic lubricant and functional fluid industry. It presents historical demand data for the years 2000, 2005 and 2010, and forecasts for 2015 and 2020 by product (e.g., heat transfer fluids, engine oils, transmission and hydraulic fluids, metalworking fluids, dielectric fluids), material (e.g., glycols, PAOs, group III base oils) and market (e.g., vehicles and equipment, energy/power generation, metal fabrication, process industries).

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 26 industry competitors, including Exxon Mobil, BP and FRAM Group.

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  1. Synthetic Lubricants & Functional Fluids

    $4,900.00

    1. 1 INTRODUCTION

      $146.00

    2. 2 EXECUTIVE SUMMARY

      $148.00

      1. Table | SYNTHETIC LUBRICANT & FUNCTIONAL FLUID DEMAND

    3. 3 MARKET ENVIRONMENT

      $1,425.00

      1. 3.1 General

        $82.00

      2. 3.2 Macroeconomic Outlook

        $194.00

        1. Table | MACROECONOMIC INDICATORS

      3. 3.3 Demographic Outlook

        $184.00

        1. Table | POPULATION & HOUSEHOLDS

      4. 3.4 Personal Consumption Expenditures

        $119.00

        1. Table | PERSONAL CONSUMPTION EXPENDITURES

      5. 3.5 Manufacturing Outlook

        $174.00

        1. Table | MANUFACTURERS' SHIPMENTS

      6. 3.6 Competitive Products

        $82.00

      7. 3.7 Environmental & Regulatory Issues

        $414.00

        1. 3.7.1 Recycling & Re-Refining

          $199.00

        2. 3.7.2 Engine Oil Specifications

          $91.00

      8. 3.8 Pricing Trends

        $108.00

        1. Table | SYNTHETIC FUNCTIONAL FLUID PRICING

      9. 3.9 Foreign Trade & International Activity

        $124.00

        1. Table | SYNTHETIC FUNCTIONAL FLUID FOREIGN TRADE

    4. 4 PRODUCTS

      $2,962.00

      1. 4.1 General

        $100.00

        1. Table | SYNTHETIC LUBRICANT & FUNCTIONAL FLUID DEMAND BY PRODUCT

      2. 4.2 Heat Transfer Fluids

        $503.00

        1. Table | SYNTHETIC HEAT TRANSFER FLUID DEMAND

        2. 4.2.1 Low Temperature

          $214.00

          1. Table | LOW TEMPERATURE HEAT TRANSFER FLUID DEMAND BY CHEMICAL & MARKET

        3. 4.2.2 High Temperature

          $140.00

          1. Table | SYNTHETIC HIGH TEMPERATURE HEAT TRANSFER FLUID DEMAND

      3. 4.3 Engine Oils

        $780.00

        1. Table | SYNTHETIC ENGINE OIL DEMAND BY ENGINE TYPE

        2. 4.3.1 Gasoline Engine Oils

          $190.00

          1. Table | SYNTHETIC GASOLINE ENGINE OIL DEMAND BY CHEMICAL & MARKET

        3. 4.3.2 Diesel Engine Oils

          $155.00

          1. Table | SYNTHETIC DIESEL ENGINE OIL DEMAND BY CHEMICAL & MARKET

        4. 4.3.3 Oils for Other Engines

          $186.00

          1. Table | OTHER SYNTHETIC ENGINE OIL DEMAND BY CHEMICAL & MARKET

      4. 4.4 Transmission & Hydraulic Fluids

        $402.00

        1. Table | SYNTHETIC TRANSMISSION & HYDRAULIC FLUID DEMAND BY PRODUCT, CHEMICAL & MARKET

        2. 4.4.1 Transmission Fluids

          $180.00

        3. 4.4.2 Hydraulic Fluids

          $124.00

      5. 4.5 Metalworking Fluids

        $494.00

        1. 4.5.1 Product Characteristics

          $85.00

        2. 4.5.2 Demand

          $376.00

          1. Table | SYNTHETIC METALWORKING FLUID DEMAND

          2. Table | SYNTHETIC METAL REMOVAL FLUID DEMAND

          3. Table | SYNTHETIC METAL FORMING FLUID DEMAND

          4. Table | OTHER SYNTHETIC METALWORKING FLUID DEMAND

      6. 4.6 Dielectric Fluids

        $162.00

        1. Table | SYNTHETIC DIELECTRIC FLUID DEMAND

      7. 4.7 Other

        $522.00

        1. Table | OTHER SYNTHETIC LUBRICANTS & FUNCTIONAL FLUID DEMAND

        2. 4.7.1 Compressor Lubricants

          $82.00

        3. 4.7.2 Turbine Lubricants

          $93.00

        4. 4.7.3 Gear Lubricants

          $200.00

        5. 4.7.4 All Other

          $131.00

    5. 5 MATERIALS

      $1,248.00

      1. 5.1 General

        $82.00

        1. Table | SYNTHETIC LUBRICANT & FUNCTIONAL FLUID DEMAND BY MATERIAL

      2. 5.2 Glycols

        $176.00

        1. Table | GLYCOL-BASED SYNTHETIC LUBRICANT & FUNCTIONAL FLUID DEMAND

      3. 5.3 Polyalphaolefins

        $175.00

        1. Table | POLYALPHAOLEFIN-BASED SYNTHETIC LUBRICANT & FUNCTIONAL FLUID DEMAND

      4. 5.4 Group III Base Oils

        $197.00

        1. Table | GROUP III BASE OIL-BASED SYNTHETIC LUBRICANT & FUNCTIONAL FLUID DEMAND

      5. 5.5 Esters

        $186.00

        1. Table | ESTER-BASED SYNTHETIC LUBRICANT & FUNCTIONAL FLUID DEMAND

      6. 5.6 Silicone Fluids

        $119.00

        1. Table | SILICONE-BASED SYNTHETIC LUBRICANT & FUNCTIONAL FLUID DEMAND

      7. 5.7 Aromatics

        $136.00

        1. Table | AROMATICS-BASED SYNTHETIC LUBRICANT & FUNCTIONAL FLUID DEMAND

      8. 5.8 Other

        $181.00

        1. Table | OTHER SYNTHETIC LUBRICANTS, FLUIDS, ADDITIVES & BLENDING COMPONENTS DEMAND

    6. 6 MARKETS

      $2,231.00

      1. 6.1 General

        $113.00

        1. Table | SYNTHETIC LUBRICANT & FUNCTIONAL FLUID DEMAND BY MARKET

      2. 6.2 Vehicles & Equipment

        $1,111.00

        1. 6.2.1 Motor Vehicle & Industrial Equipment Outlook

          $170.00

          1. Table | VEHICLE & EQUIPMENT INDICATORS

        2. 6.2.2 Synthetic Lubricant & Functional Fluid Demand

          $871.00

          1. Table | VEHICLE & EQUIPMENT MARKET FOR SYNTHETIC LUBRICANTS & FUNCTIONAL FLUIDS

          2. Table | LIGHT VEHICLE MARKET FOR SYNTHETIC LUBRICANTS & FUNCTIONAL FLUIDS

          3. Table | MEDIUM- & HEAVY-DUTY VEHICLE MARKET FOR SYNTHETIC LUBRICANTS & FUNCTIONAL FLUIDS

          4. Table | AIRCRAFT/AEROSPACE MARKET FOR SYNTHETIC LUBRICANTS & FUNCTIONAL FLUIDS

          5. Table | INDUSTRIAL MACHINERY MARKET FOR SYNTHETIC LUBRICANTS & FUNCTIONAL FLUIDS

          6. Table | OFF-HIGHWAY VEHICLE MARKET FOR SYNTHETIC LUBRICANTS & FUNCTIONAL FLUIDS

          7. Table | OTHER VEHICLE & EQUIPMENT MARKET FOR SYNTHETIC LUBRICANTS & FUNCTIONAL FLUIDS

      3. 6.3 Energy/Power Generation

        $328.00

        1. 6.3.1 Energy/Power Generation Industry Outlook

          $161.00

          1. Table | ENERGY/POWER GENERATION INDICATORS

        2. 6.3.2 Synthetic Lubricant & Functional Fluid Demand

          $124.00

          1. Table | ENERGY/POWER GENERATION MARKET FOR SYNTHETIC LUBRICANTS & FUNCTIONAL FLUIDS

      4. 6.4 Metal Fabrication

        $153.00

        1. 6.4.1 Metal Fabrication Industry Outlook

          $82.00

          1. Table | FABRICATED METAL PRODUCT SHIPMENTS

        2. 6.4.2 Synthetic Lubricant & Functional Fluid Demand

          $82.00

          1. Table | METAL FABRICATION MARKET FOR SYNTHETIC LUBRICANTS & FUNCTIONAL FLUIDS

      5. 6.5 Process Industries

        $291.00

        1. 6.5.1 Process Manufacturing Industry Outlook

          $85.00

          1. Table | PROCESS MANUFACTURERS' SHIPMENTS

        2. 6.5.2 Synthetic Lubricant & Functional Fluid Demand

          $173.00

          1. Table | PROCESS INDUSTRIES MARKET FOR SYNTHETIC LUBRICANTS & FUNCTIONAL FLUIDS

      6. 6.6 HVAC/Refrigeration Systems

        $159.00

        1. 6.6.1 HVAC/Refrigeration Industry Outlook

          $82.00

          1. Table | HVAC/REFRIGERATION INDUSTRY OUTLOOK

        2. 6.6.2 Synthetic Lubricant & Functional Fluid Demand

          $82.00

          1. Table | HVAC/REFRIGERATION MARKET FOR SYNTHETIC LUBRICANTS & FUNCTIONAL FLUIDS

      7. 6.7 Other

        $82.00

        1. Table | SYNTHETIC FUNCTIONAL FLUID DEMAND IN OTHER MARKETS

    7. 7 INDUSTRY STRUCTURE

      $4,931.00

      1. 7.1 General

        $169.00

        1. Table | US SYNTHETIC LUBRICANT & FUNCTIONAL FLUID SALES BY COMPANY, 2010

      2. 7.2 Market Share

        $269.00

      3. 7.3 Competitive Strategies

        $138.00

        1. 7.3.1 Research & Development

          $82.00

          1. Table | RESEARCH & DEVELOPMENT SPENDING PATTERNS: SELECTED SYNTHETIC FLUID COMPANIES*

        2. 7.3.2 Chemical Management Services

          $82.00

      4. 7.4 Merger & Acquisition Activity

        $95.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      5. 7.5 Manufacturing

        $120.00

      6. 7.6 Marketing

        $418.00

        1. 7.6.1 Synthetic Engine Oil

          $238.00

        2. 7.6.2 Antifreeze

          $99.00

        3. 7.6.3 Other Synthetic Fluids Marketing Strategies

          $82.00

      7. 7.7 Distribution

        $156.00

      8. 7.8 Company Profiles

        $4,052.00

        1. 7.8.1 AMSOIL Incorporated

          $188.00

        2. 7.8.2 Ashland Incorporated

          $193.00

        3. 7.8.3 BASF SE

          $204.00

        4. 7.8.4 Berkshire Hathaway Incorporated

          $174.00

        5. 7.8.5 BP plc

          $239.00

        6. 7.8.6 Chemtura Corporation

          $155.00

        7. 7.8.7 Chevron Corporation

          $208.00

        8. 7.8.8 Chevron Phillips Chemical Company LP

          $82.00

        9. 7.8.9 CLC Lubricants Company

          $82.00

        10. 7.8.10 ConocoPhillips

          $223.00

        11. 7.8.11 Dow Chemical Company

          $182.00

        12. 7.8.12 Dow Corning Corporation

          $82.00

        13. 7.8.13 DuPont (EI) de Nemours

          $114.00

        14. 7.8.14 Exxon Mobil Corporation

          $286.00

        15. 7.8.15 FRAM Group LLC

          $82.00

        16. 7.8.16 FUCHS Petrolub AG

          $138.00

        17. 7.8.17 Honeywell International Incorporated

          $82.00

        18. 7.8.18 Houghton International Incorporated

          $82.00

        19. 7.8.19 Milacron LLC

          $139.00

        20. 7.8.20 Old World Industries LLC

          $160.00

        21. 7.8.21 Petroleos de Venezuela SA

          $193.00

        22. 7.8.22 Quaker Chemical Corporation

          $119.00

        23. 7.8.23 Royal Dutch Shell plc

          $218.00

        24. 7.8.24 Royal Purple Incorporated

          $171.00

        25. 7.8.25 Total SA

          $264.00

        26. 7.8.26 Warren Oil Company Incorporated

          $102.00

      9. 7.9 Additional Companies Active in the Industry

        $156.00

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