Synthetic Lubricants & Functional Fluids

As Quoted In NLGI

Growth will result from increasing market penetration at the expense of conventional fluids, driven by environmental concerns, user preferences, and higher performance requirements.

US demand to rise 6.8% annually through 2018

US demand for synthetic lubricants and functional fluids is forecast to increase 6.8 percent per year to $6.3 billion in 2018, with volume rising to 555 million gallons. Growth will result from increasing market penetration of synthetic products at the expense of conventional fluids, driven by environmental concerns, user preferences, and increasingly stringent requirements for lubricant and fluid performance. The outlook for synthetic products will vary across markets and applications, with each product subject to a unique set of factors influencing demand.

Engine oils to claim biggest share of product gains

Engine oils will account for the largest share of gains through 2018. In the light vehicle market, synthetic engine oils will benefit from the trend toward low viscosity, energy efficient lubricants, which will often necessitate the use of synthetics. Over the past several years, motor vehicle manufacturers Honda and Toyota have begun specifying SAE 0W-20 motor oils for many of their new cars, while General Motors has introduced its DEXOS1 specification. In each case, these changes have increased demand for synthetic engine oils. The upcoming ILSAC GF-6 specification will facilitate the introduction of even lighter viscosity grades than those currently used, further promoting demand for synthetics. Synthetics will also begin to see wider use in the heavy-duty and off-highway segments, primarily resulting from the improved fuel efficiency and extended maintenance intervals they allow.

Aside from engine oils, a number of other synthetic products will see strong gains as well. Transmission and hydraulic fluids will be the fastest growing of these, benefiting from increasing demand for synthetic automatic transmission fluids and industrial hydraulic fluids. The impact of increasingly demanding equipment specifications, severe operating conditions, and the ability to improve energy efficiency will be key driving factors for sales of these fluids. Synthetic metalworking fluids and dielectric fluids will continue to be used where they can provide worker safety or environmental benefits or meet a specific performance requirement.

Energy, automotive among strongest markets

The energy and power generation, automotive equipment, and industrial machinery markets will all offer strong growth opportunities for synthetics. In power generation, niche and emerging applications will boost growth. In automotive equipment and industrial machinery, in contrast, growth will be broad based, resulting from steady gains in market size paired with increasing penetration of synthetics.

Study coverage

This Freedonia industry study, Synthetic Lubricants & Functional Fluids, 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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Purchase Synthetic Lubricants & Functional Fluids by the Section

  1. Synthetic Lubricants & Functional Fluids

    $5,200.00

    1. 1 INTRODUCTION

      $158.00

    2. 2 EXECUTIVE SUMMARY

      $148.00

      1. Table | SYNTHETIC LUBRICANT & FUNCTIONAL FLUID DEMAND

    3. 3 MARKET ENVIRONMENT

      $1,488.00

      1. 3.1 General

        $82.00

      2. 3.2 Macroeconomic Outlook

        $223.00

        1. Table | MACROECONOMIC INDICATORS

      3. 3.3 Demographic Outlook

        $195.00

        1. Table | POPULATION & HOUSEHOLDS

      4. 3.4 Personal Consumption Expenditures

        $133.00

        1. Table | PERSONAL CONSUMPTION EXPENDITURES

      5. 3.5 Manufacturing Outlook

        $202.00

        1. Table | MANUFACTURERS' SHIPMENTS

      6. 3.6 Competitive Products

        $92.00

      7. 3.7 Environmental & Regulatory Issues

        $364.00

        1. 3.7.1 Recycling & Re-Refining

          $141.00

        2. 3.7.2 Motor Vehicle Lubricant Specifications

          $82.00

      8. 3.8 Pricing Trends

        $95.00

        1. Table | SYNTHETIC FUNCTIONAL FLUID PRICING

        2. CHART II-1 SYNTHETIC FUNCTIONAL FLUID PRICING VOLATILITY BY PRODUCT, 2003-2023

      9. 3.9 Foreign Trade & International Activity

        $143.00

        1. Table | SYNTHETIC LUBRICANT & FUNCTIONAL FLUID FOREIGN TRADE

    4. 4 PRODUCTS

      $3,198.00

      1. 4.1 General

        $82.00

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

        2. CHART III-1 SYNTHETIC LUBRICANT & FUNCTIONAL FLUID DEMAND BY PRODUCT, 2013

      2. 4.2 Engine Oils

        $854.00

        1. 4.2.1 Fully Synthetic Engine Oils

          $645.00

          1. Table | FULLY SYNTHETIC ENGINE OIL DEMAND BY TYPE

          2. Table | FULLY SYNTHETIC GASOLINE ENGINE OIL DEMAND

          3. Table | FULLY SYNTHETIC HEAVY-DUTY DIESEL ENGINE OIL DEMAND

          4. Table | OTHER FULLY SYNTHETIC ENGINE OIL DEMAND

        2. 4.2.2 Semi-Synthetic Engine Oils

          $161.00

          1. Table | SEMI-SYNTHETIC ENGINE OIL DEMAND

      3. 4.3 Antifreeze & Deicing Fluids

        $244.00

        1. Table | SYNTHETIC ANTIFREEZE & DEICING FLUID DEMAND

        2. 4.3.1 Antifreeze

          $97.00

        3. 4.3.2 Deicing Fluids

          $82.00

      4. 4.4 Transmission & Hydraulic Fluids

        $465.00

        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

          $172.00

      5. 4.5 Heat Transfer Fluids

        $335.00

        1. Table | SYNTHETIC HEAT TRANSFER FLUID DEMAND

        2. 4.5.1 Low Temperature

          $82.00

        3. 4.5.2 High Temperature

          $153.00

      6. 4.6 Metalworking Fluids

        $513.00

        1. 4.6.1 Product Characteristics

          $100.00

        2. 4.6.2 Demand

          $378.00

          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

      7. 4.7 Dielectric Fluids

        $145.00

        1. Table | SYNTHETIC DIELECTRIC FLUID DEMAND

      8. 4.8 Other Products

        $565.00

        1. Table | OTHER SYNTHETIC LUBRICANT & FUNCTIONAL FLUID DEMAND

        2. 4.8.1 Gear Oils

          $205.00

        3. 4.8.2 Compressor Lubricants

          $82.00

        4. 4.8.3 Turbine Lubricants

          $116.00

        5. 4.8.4 All Other

          $136.00

    5. 5 MATERIALS

      $1,257.00

      1. 5.1 General

        $84.00

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

        2. CHART IV-1 SYNTHETIC LUBRICANT & FUNCTIONAL FLUID DEMAND BY MATERIAL, 2013

      2. 5.2 Glycols

        $197.00

        1. Table | GLYCOL DEMAND IN SYNTHETIC LUBRICANTS & FUNCTIONAL FLUIDS

      3. 5.3 Polyalphaolefins

        $139.00

        1. Table | POLYALPHAOLEFIN DEMAND IN SYNTHETIC LUBRICANTS & FUNCTIONAL FLUIDS

      4. 5.4 Esters

        $184.00

        1. Table | ESTER DEMAND IN SYNTHETIC LUBRICANTS & FUNCTIONAL FLUIDS

      5. 5.5 Group III Base Oils

        $194.00

        1. Table | GROUP III BASE OIL DEMAND IN SYNTHETIC LUBRICANTS & FUNCTIONAL FLUIDS

      6. 5.6 Aromatics

        $160.00

        1. Table | AROMATICS-BASED CHEMICAL DEMAND IN SYNTHETIC LUBRICANTS & FUNCTIONAL FLUIDS

      7. 5.7 Silicone Fluids

        $112.00

        1. Table | SILICONE FLUID DEMAND IN SYNTHETIC LUBRICANTS & FUNCTIONAL FLUIDS

      8. 5.8 Other

        $186.00

        1. Table | DEMAND FOR OTHER CHEMICALS, ADDITIVES, &BLENDING COMPONENTS IN SYNTHETIC LUBRICANTS & FUNCTIONAL FLUIDS

    6. 6 MARKETS

      $2,280.00

      1. 6.1 General

        $120.00

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

        2. CHART V-1 SYNTHETIC LUBRICANT & FUNCTIONAL FLUID DEMAND BY MARKET, 2013

      2. 6.2 Automotive

        $861.00

        1. 6.2.1 Motor Vehicle & Off-Highway Equipment Outlook

          $194.00

          1. Table | MOTOR VEHICLE & OFF-HIGHWAY EQUIPMENT INDICATORS

        2. 6.2.2 Synthetic Lubricant & Functional Fluid Demand

          $605.00

          1. Table | AUTOMOTIVE 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 | OFF-HIGHWAY EQUIPMENT MARKET FOR SYNTHETIC LUBRICANTS & FUNCTIONAL FLUIDS

      3. 6.3 Metals

        $188.00

        1. 6.3.1 Metal Industry Outlook

          $82.00

          1. Table | METAL PRODUCT SHIPMENTS

        2. 6.3.2 Synthetic Lubricant & Functional Fluid Demand

          $96.00

          1. Table | METALS INDUSTRY MARKET FOR SYNTHETIC LUBRICANTS & FUNCTIONAL FLUIDS

      4. 6.4 Aircraft/Aerospace

        $173.00

        1. 6.4.1 Aircraft/Aerospace Outlook

          $82.00

          1. Table | AIRCRAFT IN SERVICE

        2. 6.4.2 Synthetic Lubricant & Functional Fluid Demand

          $99.00

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

      5. 6.5 Energy/Power Generation

        $303.00

        1. 6.5.1 Energy/Power Generation Industry Outlook

          $104.00

          1. Table | ENERGY/POWER GENERATION INDICATORS

        2. 6.5.2 Synthetic Lubricant & Functional Fluid Demand

          $150.00

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

      6. 6.6 Industrial Machinery

        $268.00

        1. 6.6.1 Industrial Machinery Outlook

          $113.00

          1. Table | MACHINERY SHIPMENTS

        2. 6.6.2 Synthetic Lubricant & Functional Fluid Demand

          $112.00

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

      7. 6.7 Process Industries

        $294.00

        1. 6.7.1 Process Manufacturing Industry Outlook

          $102.00

          1. Table | PROCESS MANUFACTURERS' SHIPMENTS

        2. 6.7.2 Synthetic Lubricant & Functional Fluid Demand

          $155.00

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

      8. 6.8 Other Markets

        $82.00

        1. Table | OTHER MARKETS FOR SYNTHETIC LUBRICANTS & FUNCTIONAL FLUIDS

    7. 7 INDUSTRY STRUCTURE

      $5,233.00

      1. 7.1 General

        $190.00

        1. Table | US SYNTHETIC LUBRICANT & FUNCTIONAL FLUID SALES BY COMPANY, 2013

      2. 7.2 Market Share

        $242.00

        1. CHART VI-1 SYNTHETIC LUBRICANT & FUNCTIONAL FLUID MARKET SHARE, 2013

      3. 7.3 Competitive Strategies

        $175.00

        1. 7.3.1 Research & Development

          $82.00

          1. Table | RESEARCH & DEVELOPMENT SPENDING PATTERNS: SELECTED SYNTHETIC FLUID COMPANIES, 2011-2013

        2. 7.3.2 Chemical Management Services

          $82.00

      4. 7.4 Merger & Acquisition Activity

        $114.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      5. 7.5 Manufacturing

        $130.00

      6. 7.6 Marketing

        $351.00

        1. 7.6.1 Synthetic Engine Oil

          $178.00

        2. 7.6.2 Antifreeze

          $89.00

        3. 7.6.3 Other Synthetic Fluids Marketing Strategies

          $82.00

      7. 7.7 Distribution

        $145.00

      8. 7.8 Company Profiles

        $4,565.00

        1. 7.8.1 AMSOIL Incorporated

          $209.00

        2. 7.8.2 Ashland Incorporated

          $167.00

        3. 7.8.3 Autoparts Holdings Limited

          $82.00

        4. 7.8.4 BASF SE

          $140.00

        5. 7.8.5 Berkshire Hathaway Incorporated

          $173.00

        6. 7.8.6 BP plc

          $288.00

        7. 7.8.7 Calumet Specialty Products Partners LP

          $324.00

        8. 7.8.8 Chemtura Corporation

          $140.00

        9. 7.8.9 Chevron Corporation

          $224.00

        10. 7.8.10 Chevron Phillips Chemical Company LLC

          $82.00

        11. 7.8.11 CLC Lubricants Company

          $82.00

        12. 7.8.12 ConocoPhillips

          $82.00

        13. 7.8.13 Dow Chemical Company

          $195.00

        14. 7.8.14 Dow Corning Corporation

          $82.00

        15. 7.8.15 DuPont (EI) de Nemours

          $117.00

        16. 7.8.16 Eastman Chemical Company

          $216.00

        17. 7.8.17 Exxon Mobil Corporation

          $342.00

        18. 7.8.18 FUCHS Petrolub SE

          $139.00

        19. 7.8.19 Houghton International Incorporated

          $97.00

        20. 7.8.20 Milacron LLC

          $155.00

        21. 7.8.21 Old World Industries LLC

          $182.00

        22. 7.8.22 Petróleos de Venezuela SA

          $208.00

        23. 7.8.23 Phillips 66

          $253.00

        24. 7.8.24 Quaker Chemical Corporation

          $109.00

        25. 7.8.25 Royal Dutch Shell plc

          $209.00

        26. 7.8.26 Total SA

          $240.00

        27. 7.8.27 Warren Oil Company Incorporated

          $103.00

      9. 7.9 Additional Companies Mentioned in the Study

        $134.00

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