Synthetic Lubricants & Functional Fluids Market in the US by Product, Material and Market, 5th Edition

Synthetics Make Gains Despite Flatness in Overall Lubricants

Lubricant-Pouring-in-Funnel

Synthetics offer many benefits over conventional petroleum fluids, such as longer fluid lifetimes, better wear protection, and improved energy efficiency. Since lengthening drain intervals will cause the overall market for lubricants and functional fluids to be flat, demand for synthetics will grow at the expense of conventional petroleum products. Synthetics will penetrate new markets due to rising technical requirements and growing consumer awareness. As a result, lubricant and functional fluid producers will increasingly focus research and development efforts on high value synthetics.

Key Findings in the Synthetic Lubricants & Functional Fluids Study:

Engine Oils Evolve to Meet New Requirements

Engine oils will remain the largest product type in the synthetic lubricants and functional fluids market. Regulatory requirements, including Corporate Average Fuel Economy and EPA emissions standards, will drive rapid changes in the synthetic engine oil market. These changes will steer the market towards low viscosity synthetic engine oils. Smaller, more efficient, and turbocharged light vehicle engines will place greater demands on lubrication. Heavy duty truck operators will also begin to switch to lower viscosity engine oils, creating opportunities for synthetics. Improved fuel economy is a primary benefit of these products.

Demand for Group III Base Oils Continues to Climb

Compared to other synthetic base stocks, Group III base oils are significantly lower in price and still offer improved performance over conventional petroleum. As a result of their lower price and suitability for a wide range of applications, growth of Group III base oils will outpace that of competitive materials such as polyalphaolefins (PAOs). The highest gains will originate in the synthetic automotive engine oils market, where Group III base oils dominate.

Varying Results for Glycols

Engine coolant demand will continue to decline, although at a slower rate than what was observed between 2005 and 2015. Since engine coolants are the largest outlet for ethylene glycols used in synthetic lubricants and functional fluids, demand for ethylene glycols will stagnate. The outlook for propylene glycols is somewhat brighter because of their attractiveness as specialty nontoxic coolants. Polyalkylene glycols, on the other hand, will experience robust growth, as these materials are used in high value synthetic lubricants.

Study Coverage

This study presents historical demand data (2005, 2010, and 2015) and forecasts (2020 and 2025) by product (engine oil, engine coolant/antifreeze, transmission fluid, hydraulic fluid, heat transfer fluid, electrical oil, metalworking fluid), material (glycols, polyalphaolefin, Group III base oils, esters, aromatics-based chemicals, silicone fluids), and market (light vehicles, medium and heavy duty vehicles, off-highway equipment, industrial equipment, process industries, metal processing, aerospace, energy and power generation). The study also evaluates company market share and competitive analysis on industry competitors including AMSOIL, BP, Chevron, Dow Chemical, Eastman Chemical, Exxon Mobil, Old World Industries, Prestone Products, Shell, and Valvoline.

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  1. Synthetic Lubricants & Functional Fluids Market in the US by Product, Material and Market, 5th Edition

    $5,400.00

    1. 1 INTRODUCTION

      $456.00

    2. 2 EXECUTIVE SUMMARY

      $449.00

      1. Table | Synthetic Lubricant & Functional Fluid Demand

    3. 3 MARKET ENVIRONMENT

      $3,857.00

      1. 3.1 Factors Affecting the US Synthetic Lubricants & Functional Fluids Market

        $130.00

      2. 3.2 Macroeconomic Outlook

        $527.00

        1. Table | Macroeconomic Indicators

      3. 3.3 Manufacturing Outlook

        $673.00

        1. Table | Manufacturers' Shipments

      4. 3.4 Motor Vehicle Outlook

        $506.00

        1. Table | Motor Vehicle Indicators

      5. 3.5 Competitive Products

        $261.00

      6. 3.6 Environmental & Regulatory Issues

        $701.00

        1. 3.6.1 Used Oil Disposal

          $128.00

        2. 3.6.2 Re-Refining

          $163.00

      7. 3.7 Motor Vehicle Lubricant Specifications

        $337.00

      8. 3.8 Pricing Trends

        $316.00

        1. Table | Selected Synthetic Lubricant & Functional Fluid Pricing

      9. 3.9 Foreign Trade & International Activity

        $405.00

    4. 4 PRODUCTS

      $5,962.00

      1. 4.1 Product Demand Overview

        $281.00

        1. Table | Synthetic Lubricant & Functional Fluid Demand by Product

        2. Chart 3-1 | Synthetic Lubricant & Functional Fluid Demand by Product, 2015

        3. Chart 3-2 | Synthetic Lubricant & Functional Fluid Demand, 2005-2025

      2. 4.2 Engine Oils

        $1,721.00

        1. 4.2.1 Fully Synthetic Engine Oils

          $1,248.00

          1. Table | Fully Synthetic Engine Oil Demand by Type

          2. Chart 3-3 | Fully Synthetic Engine Oils by Type, 2005-2025

          3. Table | Fully Synthetic Gasoline Engine Oil Demand

          4. Chart 3-4 | Gasoline Engine Oil Demand by Formulation, 2005-2025

          5. Table | Fully Synthetic Heavy Duty Diesel Engine Oil Demand

          6. Table | Other Fully Synthetic Engine Oil Demand

        2. 4.2.2 Semi-Synthetic Engine Oils

          $327.00

          1. Table | Semi-Synthetic Engine Oil Demand

          2. Chart 3-5 | Engine Oil Demand by Formulation, 2005-2025

      3. 4.3 Engine Coolant (Antifreeze)

        $228.00

        1. Table | Synthetic Engine Coolant Demand

        2. Chart 3-6 | Engine Coolant Demand by Market, 2005-2025

      4. 4.4 Transmission & Hydraulic Fluids

        $808.00

        1. Table | Synthetic Transmission & Hydraulic Fluid Demand

        2. Chart 3-7 | Transmission & Hydraulic Fluid Demand by Formulations, 2005-2025

        3. Chart 3-8 | Synthetic Transmission & Hydraulic Fluids by Product, 2005-2025

        4. 4.4.1 Producers

          $82.00

        5. 4.4.2 Hydraulic Fluids

          $274.00

        6. 4.4.3 Transmission Fluids

          $242.00

      5. 4.5 Heat Transfer Fluids

        $741.00

        1. Table | Synthetic Heat Transfer Fluid Demand

        2. Chart 3-9 | Synthetic Heat Transfer Fluid Demand by Product, 2005-2025

        3. Chart 3-10 | Heat Transfer Fluid Demand by Formulation, 2005-2025

        4. 4.5.1 Producers

          $82.00

        5. 4.5.2 Low Temperature

          $153.00

        6. 4.5.3 High Temperature

          $253.00

      6. 4.6 Metalworking Fluids

        $735.00

        1. Table | Synthetic Metalworking Fluid Demand

        2. Chart 3-11 | Metalworking Fluid Demand by Formulation, 2005-2025

        3. Chart 3-12 | Synthetic Metalworking Fluid Demand by Product, 2015

        4. 4.6.1 Producers

          $82.00

        5. 4.6.2 Formulations

          $103.00

        6. 4.6.3 Metal Removal Fluids

          $82.00

        7. 4.6.4 Metal Forming Fluids

          $106.00

        8. 4.6.5 Other Metalworking Fluids

          $134.00

      7. 4.7 Electrical Oils

        $287.00

        1. Table | Synthetic Electrical Oil Demand

        2. Chart 3-13 | Synthetics Penetration of Electrical Oil Market, 2005-2025

      8. 4.8 Other Products

        $1,160.00

        1. Table | Other Synthetic Fluid Demand

        2. Chart 3-14 | Demand for Other Synthetic Lubricants & Functional Fluids, 2005-2025

        3. 4.8.1 Gear Oils

          $299.00

        4. 4.8.2 All Other Products

          $664.00

    5. 5 MATERIALS

      $3,490.00

      1. 5.1 Materials Demand Overview

        $256.00

        1. Table | Synthetic Lubricant & Functional Fluid Demand by Material

        2. Chart 4-1 | Synthetic Lubricant & Functional Fluid Demand by Material, 2005-2025

      2. 5.2 Glycols

        $469.00

        1. Table | Advantages & Disadvantages of Glycol Basestocks

        2. Table | Glycol Demand in Lubricants & Functional Fluids

        3. Chart 4-2 | Glycol Demand in Lubricants & Functional Fluids by Material, 2015

        4. Chart 4-3 | Glycol Demand in Lubricants & Functional Fluids by Product, 2005-2025

      3. 5.3 Polyalphaolefins (PAO)

        $382.00

        1. Table | Advantages & Disadvantages of Polyalphaolefin Basestocks

        2. Table | Polyalphaolefin Demand in Lubricants & Functional Fluids

        3. Chart 4-4 | Polyalphaolefin Demand in Lubricants & Functional Fluids by Product, 2015

        4. Chart 4-5 | Demand for PAOs & Group III Base Oil in Lubricants & Functional Fluids, 2005-2025

      4. 5.4 Esters

        $567.00

        1. Table | Advantages & Disadvantages of Ester Basestocks

        2. Table | Esters Demand in Lubricants & Functional Fluids

        3. Chart 4-6 | Esters Demand in Lubricants & Functional Fluids by Material, 2015

        4. Chart 4-7 | Esters Demand in Lubricants & Functional Fluids by Product, 2005-2025

      5. 5.5 Group III Base Oil

        $621.00

        1. Table | Advantages & Disadvantages of Group III Base Oils

        2. Table | Group III Base Oil Demand in Lubricants & Functional Fluids

        3. Chart 4-8 | Group III Base Oil Demand in Lubricants & Functional Fluids by Product, 2005-2025

      6. 5.6 Aromatics

        $408.00

        1. Table | Comparison of Aromatic Basestocks

        2. Table | Aromatics-Based Chemical Demand in Lubricants & Functional Fluids

        3. Chart 4-9 | Aromatics-Based Chemical Demand in Lubricants & Functional Fluids by Product, 2005-2025

        4. Chart 4-10 | Aromatics-Based Chemical Demand in Lubricants & Functional Fluids by Material, 2015

      7. 5.7 Silicone Fluids

        $295.00

        1. Table | Advantages & Disadvantages of Silicone Fluid Basestocks

        2. Table | Silicone Fluid Demand in Lubricants & Functional Fluids

        3. Chart 4-11 | Silicone Fluid Demand in Lubricants & Functional Fluids, 2005-2025

      8. 5.8 Other Chemicals, Additives, & Blending Components

        $491.00

        1. Table | Demand for Other Chemicals, Additives, & Blending Components in Synthetic Lubricants & Functional Fluids

        2. Chart 4-12 | Demand for Other Chemicals, Additives, & Blending Components in Synthetic Lubricants & Functional Fluids by Product, 2005-2025

    6. 6 MARKETS

      $4,078.00

      1. 6.1 Markets Demand Overview

        $484.00

        1. Table | Synthetic Lubricant & Functional Fluid Demand by Market

        2. Chart 5-1 | Synthetic Lubricant & Functional Fluid Demand by Market, 2015

        3. Chart 5-2 | Synthetic Lubricant & Functional Fluid Demand, 2005-2025

      2. 6.2 Automotive

        $1,655.00

        1. Table | Automotive Market for Synthetic Lubricants & Functional Fluids

        2. Chart 5-3 | Automotive Market Segments for Synthetic Lubricants & Functional Fluids, 2005-2025

        3. Chart 5-4 | Automotive Market for Lubricants & Functional Fluids by Formulation, 2005-2025

        4. 6.2.1 Producers

          $101.00

        5. 6.2.2 Light Vehicles

          $290.00

          1. Table | Light Vehicle Market for Synthetic Lubricants & Functional Fluids

          2. Chart 5-5 | Light Vehicle Market for Synthetic Lubricants & Functional Fluids by Product, 2005-2025

          3. Chart 5-6 | Light Vehicle Market for Lubricants & Functional Fluids, 2005-2025

        6. 6.2.3 Medium- & Heavy-Duty Vehicles

          $412.00

          1. Table | Medium- & Heavy-Duty Vehicle Market for Synthetic Lubricants & Functional Fluids

          2. Chart 5-7 | Medium- & Heavy-Duty Vehicle Market for Synthetic Lubricants & Functional Fluids by Product, 2015

          3. Chart 5-8 | Medium- & Heavy-Duty Vehicle Market for Lubricants & Functional Fluids by Formulation, 2005-2025

        7. 6.2.4 Off-Highway Equipment

          $602.00

          1. Table | Off-Highway Equipment Market for Synthetic Lubricants & Functional Fluids

          2. Chart 5-9 | Off-Highway Equipment Market for Synthetic Lubricants & Functional Fluids by Product, 2015

      3. 6.3 Metal Processing

        $298.00

        1. Table | Metal Processing Market for Synthetic Lubricants & Functional Fluids

        2. Chart 5-10 | Metal Processing Market for Synthetic Lubricants & Functional Fluids by Product, 2015

        3. Chart 5-11 | Metal Processing Market for Lubricants & Functional Fluids by Formulation, 2005-2025

      4. 6.4 Energy & Power Generation

        $444.00

        1. Table | Energy & Power Generation Market for Synthetic Lubricants & Functional Fluids

        2. Chart 5-12 | Energy & Power Generation Market for Lubricants & Functional Fluids by Formulation, 2005-2025

        3. Chart 5-13 | Energy & Power Generation Market for Synthetic Lubricants & Functional Fluids by Product, 2005-2025

      5. 6.5 Industrial Equipment

        $324.00

        1. Table | Industrial Equipment Market for Synthetic Lubricants & Functional Fluids

        2. Chart 5-14 | Industrial Equipment Market for Lubricants & Functional Fluids by Formulation, 2005-2025

        3. Chart 5-15 | Industrial Equipment Market for Synthetic Lubricants & Functional Fluids by Product, 2015

      6. 6.6 Process Industries

        $417.00

        1. Table | Process Industries Market for Synthetic Lubricants & Functional Fluids

        2. Chart 5-16 | Process Industries Market for Synthetic Lubricants & Functional Fluids by Product, 2015

        3. Chart 5-17 | Process Industries Market for Lubricants & Functional Fluids by Formulation, 2005-2025

      7. 6.7 Aerospace

        $229.00

        1. Table | Aerospace Market for Synthetic Lubricants & Functional Fluids

      8. 6.8 Other Markets

        $227.00

        1. Table | Other Markets for Synthetic Lubricants & Functional Fluids

        2. Chart 5-18 | Other Markets for Synthetic Lubricants & Functional Fluids by Product, 2015

    7. 7 INDUSTRY STRUCTURE

      $4,132.00

      1. 7.1 Industry Structure Overview

        $581.00

        1. Table | US Synthetic Lubricant & Functional Fluid Sales by Company, 2015

      2. 7.2 Market Share

        $665.00

        1. Chart 6-1 | Synthetic Lubricants & Functional Fluids Market Share, 2015

      3. 7.3 Competitive Strategies

        $415.00

      4. 7.4 Industry Restructuring

        $328.00

        1. Table | Selected Acquisitions & Divestitures

      5. 7.5 Manufacturing

        $387.00

      6. 7.6 Marketing

        $961.00

        1. 7.6.1 Synthetic Engine Oil

          $528.00

        2. 7.6.2 Engine Coolant

          $225.00

        3. 7.6.3 Other Synthetic Fluids

          $105.00

      7. 7.7 Distribution

        $412.00

      8. 7.8 List of Industry Participants

        $380.00

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