World Lubricants

Report Summary

World demand to reach 41 million metric tons by 2015

World demand for lubricants will rise more than two percent annually to 41 million metric tons in 2015, driven primarily by strong economic growth as countries continue to recover from the impact of the global economic recession in 2009. The fastest increases will continue to be in Asia, followed by the Africa/Mideast region. Healthy advances in Eastern Europe will reflect a rebound in the region’s industrial output, while demand growth in Central and South America will moderate along with the region’s economy. While still below the global average, advances in North America and Western Europe will also contribute to rising global demand, reversing the secular declines of the previous decade.

Process oils to be fastest growing product segment

In terms of product types, engine oils will continue to account for the greatest share of lubricant demand going forward. This will primarily reflect the importance of transportation in an increasingly global economy, both from a consumer and a commercial perspective. Process oils will post the fastest growth due to the greater difficulty of boosting consumption efficiency of these lubricants in comparison to hydraulic and metalworking fluids, both of which will experience below average gains as companies everywhere work to reduce unit consumption in an effort to maintain competitiveness. Despite the slow growth in hydraulic and metalworking fluids, significant value  opportunities will still exist for new, higher performance oils, and/or more environmentally friendly fluids that meet the increasingly strict regulations found in developed countries. This will be reflected in the above-average advances in nonconventional lubricant demand going forward, even as traditional petroleum-based lubricant demand continues to expand as well.

Developing regions to drive key motor vehicle market

With per capita motor vehicle ownership rates rising quickly in Asia, the Middle East, Central and South America and Eastern Europe, motor vehicle lubricant demand will continue to expand throughout the forecast period. Motor vehicles are the largest market for lubricants, and growth will be led by strong gains in the developing Asian countries due to rapid expansion of the motor vehicle park, particularly in China and India. However, the trend toward increased drain intervals, influenced in part by the growing availability of superior, high performance synthetic lubricants, will result in declining demand in Western Europe and North America.

Manufacturing and other markets to lead gains

The fastest growth in lubricant demand through 2015 will be in manufacturing and other markets. The Asia/Pacific region, led by China, will continue to be the primary driver of growth in these markets due to companies worldwide pursuing the region’s key advantages of relatively low labor costs and political stability. Central and South America and the Africa/Mideast region will also achieve favorable growth in manufacturing as significant countries in both regions continue to industrialize.

Study coverage

This new Freedonia industry study, World Lubricants, is priced at $6100. It presents historical demand data for the years 2000, 2005 and 2010, plus forecasts for 2015 and 2020 by formulation (vegetablebased, petroleum, synthetic, re-refined,), product (engine oils, hydraulic fluids, process oils, metalworking fluids), market (manufacturing, motor vehicle aftermarket), world region and for 31 countries. The study also considers market environment factors, details
industry structure, evaluates company market share and profiles industry participants, including Shell, Exxon Mobil and BP.

Table Of Contents

INTRODUCTION

I. EXECUTIVE SUMMARY

II. MARKET ENVIRONMENT
General
World Population Outlook
World Economic Outlook
Recent Economic Performance
Macroeconomic Outlook
World Manufacturing Outlook
World Fixed Investment Overview
World Motor Vehicle Outlook
World Motor Vehicle Park
World Motor Vehicle Production
World Hybrid & Electric Vehicle Outlook
Motor Vehicle Design Technology
Gasoline Engines
Diesel Engines
Alternative Fuel Technologies
World Oil Industry Outlook
World Crude Oil & Natural Gas Production
World Refined Petroleum Products Production
Environmental & Regulatory Trends
Lubricant Standards & Testing

III. OVERVIEW
General
World Lubricant Demand by Region
World Lubricant Demand by Formulation
Petroleum Lubricants
Nonconventional Lubricants

Synthetic Lubricants
Re-Refined Lubricants
Vegetable-Based Lubricants

World Lubricant Demand by Product
Engine Oils
Process Oils
Hydraulic Fluids
Metalworking Fluids
Other Lubricants
World Lubricant Demand by Market
Motor Vehicle Aftermarket
Manufacturing
Other
World Base Oil Trends
Lubricant Production & Trade

IV. NORTH AMERICA
Economic Overview
Markets & Products
Market Share
United States
Canada
Mexico

V. WESTERN EUROPE
Economic Overview
Markets & Products
Market Share
Germany
France
Italy
United Kingdom
Spain
Other Western Europe
Netherlands
Belgium
All Other Western Europe

VI. ASIA/PACIFIC
Economic Overview
Markets & Products
Asia/Pacific Market Share
China
Japan
India
South Korea
Indonesia
Thailand
Australia
Taiwan
Other Asia/Pacific
Malaysia
Philippines
All Other Asia/Pacific

VII. OTHER REGIONS
Central & South America
Economic Overview
Markets & Products
Market Share
Brazil
Other Central & South America

Argentina
Venezuela
All Other Central & South America

Eastern Europe
Economic Overview
Markets & Products
Market Share
Russia
Poland
Other Eastern Europe

Ukraine
All Other Eastern Europe

Africa/Mideast
Economic Overview
Markets & Products
Market Share
Iran
Egypt
Turkey
Saudi Arabia
Other Africa/Mideast

South Africa
All Other Africa/Mideast

VIII. INDUSTRY STRUCTURE
General
Industry Composition
Lubricant Market Share
Competitive Strategies
Merger & Acquisition Activity
Strategic Partnerships
Refining & Blending
Marketing & Distribution
Company Profiles
Air BP, see BP
American Agip, See Eni
Anderol Specialty Lubricants, see Chemtura
Anji Jiffy Lube Automotive Services, see Royal Dutch Shell
Aral, see BP
Ashland Incorporated
BP plc
Burmah Castrol, see BP
Castrol India, see BP
Chemtura Corporation
Chevron Corporation
China National Petroleum Corporation
China Petroleum & Chemical Corporation
Chinese Petroleum Corporation
CITGO Petroleum, see Petroleos de Venezuela
ConocoPhillips
Dylon Industries, see FUCHS Petrolub
Emarat, see Emirates General Petroleum
Emirates General Petroleum Corporation
Engen Petroleum Limited
Eni SpA
Excel Paralubes, see ConocoPhillips
Exxon Mobil Corporation
FUCHS Petrolub AG
GS Caltex, see Chevron
Hatco, see Chemtura
Hovensa, see Petroleos de Venezuela
Idemitsu Kosan Company Limited
Imperial Oil, see Exxon Mobil
Indian Oil Corporation Limited
JX Holdings Incorporated
Lukoil Oil Company
Mexicana De Lubricantes, see Petroleos Mexicanos
Motiva Enterprises, see Royal Dutch Shell
Nippon Oil, see JX Holdings
Novo-Ufa Oil Refinery, see OAO Novoil
Nynas, see Petroleos de Venezuela
OAO NGK Slavneft
OAO NK RussNeft
OAO Novoil
OAO Rosneft
OMV AG
PEMEX, see Petroleos Mexicanos
Pertamina, see Perusahaan Pertambangan Minyak Dan Gas Bumi Negara
Perusahaan Pertambangan Minyak Dan Gas Bumi Negara
Petro-Canada, see Suncor Energy
Petrobas, see Petroleo Brasileiro
PetroChina Lubricant, see China National Petroleum
Petrol Ofisi, see OMV
Petroleo Brasileiro SA
Petroleos de Venezuela SA
Petroleos Mexicanos SA
Petroliam Nasional Berhad
Petromin Corporation
PETRONAS Lubricants International Sdn Bhd, see Petroliam Nasional Berhad
Repsol YPF SA
Royal Dutch Shell plc
Ruhr Oel, see BP
Shell Lubricants, see Royal Dutch Shell
Sinopec Lubricant, see China Petroleum & Chemical
SK Innovation Company Limited
Suncor Energy Incorporated
TNK-BP, see BP
Total SA
Ukrtatnafta AB
Valvoline, see Ashland
Yushiro Chemical Industry Company Limited
Other Companies Mentioned in the Study

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY
Summary Table

SECTION II -- MARKET ENVIRONMENT
1 World Population by Region
2 World Gross Domestic Product by Region
3 World Manufacturing Value Added by Region
4 World Gross Fixed Capital Formation by Region
5 World Motor Vehicle Park by Region
6 World Motor Vehicle Production by Region
7 World Hybrid & Electric Light Vehicle Demand by Region
8 World Crude Oil & Natural Gas Production by Region
9 World Refined Petroleum Product Production by Region

SECTION III -- OVERVIEW
1 World Lubricant Demand by Region
2 World Lubricant Demand by Formulation
3 World Petroleum Lubricant Demand by Region
4 World Nonconventional Lubricant Demand by Region
5 World Lubricant Demand by Product
6 World Engine Oil Demand by Region
7 World Process Oil Demand by Region
8 World Hydraulic Fluid Demand by Region
9 World Metalworking Fluid Demand by Region
10 World Other Lubricants Demand by Region
11 World Lubricant Demand by Market
12 World Motor Vehicle Aftermarket Lubricant Demand
13 World Manufacturing Lubricant Demand
14 World Other Lubricant Markets Demand
15 World Base Oil Demand

SECTION IV -- NORTH AMERICA
1 North America: Macroeconomic Indicators for Lubricants
2 North America: Lubricant Demand
3 United States: Macroeconomic Indicators for Lubricants
4 United States: Lubricant Demand by Market
5 United States: Lubricant Demand by Product & Formulation
6 Canada: Macroeconomic Indicators for Lubricants
7 Canada: Lubricant Demand by Market
8 Canada: Lubricant Demand by Product & Formulation
9 Mexico: Macroeconomic Indicators for Lubricants
10 Mexico: Lubricant Demand by Market
11 Mexico: Lubricant Demand by Product & Formulation

SECTION V -- WESTERN EUROPE
1 Western Europe: Macroeconomic Indicators for Lubricants
2 Western Europe: Lubricant Demand
3 Germany: Macroeconomic Indicators for Lubricants
4 Germany: Lubricant Demand by Market
5 Germany: Lubricant Demand by Product & Formulation
6 France: Macroeconomic Indicators for Lubricants
7 France: Lubricant Demand by Market
8 France: Lubricant Demand by Product & Formulation
9 Italy: Macroeconomic Indicators for Lubricants
10 Italy: Lubricant Demand by Market
11 Italy: Lubricant Demand by Product & Formulation
12 United Kingdom: Macroeconomic Indicators for Lubricants
13 United Kingdom: Lubricant Demand by Market
14 United Kingdom: Lubricant Demand by Product & Formulation
15 Spain: Macroeconomic Indicators for Lubricants
16 Spain: Lubricant Demand by Market
17 Spain: Lubricant Demand by Product & Formulation
18 Other Western Europe: Macroeconomic Indicators for Lubricants
19 Other Western Europe: Lubricant Demand
20 Other Western Europe: Lubricant Demand by Country

SECTION VI -- ASIA/PACIFIC
1 Asia/Pacific: Macroeconomic Indicators for Lubricants
2 Asia/Pacific: Lubricant Demand
3 China: Macroeconomic Indicators for Lubricants
4 China: Lubricant Demand by Market
5 China: Lubricant Demand by Product & Formulation
6 Japan: Macroeconomic Indicators for Lubricants
7 Japan: Lubricant Demand by Market
8 Japan: Lubricant Demand by Product & Formulation
9 India: Macroeconomic Indicators for Lubricants
10 India: Lubricant Demand by Market
11 India: Lubricant Demand by Product & Formulation
12 South Korea: Macroeconomic Indicators for Lubricants
13 South Korea: Lubricant Demand by Market
14 South Korea: Lubricant Demand by Product & Formulation
15 Indonesia: Macroeconomic Indicators for Lubricants
16 Indonesia: Lubricant Demand by Market
17 Indonesia: Lubricant Demand by Product & Formulation
18 Thailand: Macroeconomic Indicators for Lubricants
19 Thailand: Lubricant Demand by Market
20 Thailand: Lubricant Demand by Product & Formulation
21 Australia: Macroeconomic Indicators for Lubricants
22 Australia: Lubricant Demand by Market
23 Australia: Lubricant Demand by Product & Formulation
24 Taiwan: Macroeconomic Indicators for Lubricants
25 Taiwan: Lubricant Demand by Market
26 Taiwan: Lubricant Demand by Product & Formulation
27 Other Asia/Pacific: Macroeconomic Indicators for Lubricants
28 Other Asia/Pacific: Lubricant Demand
29 Other Asia/Pacific: Lubricant Demand by Country

SECTION VII -- OTHER REGIONS
1 Central & South America: Macroeconomic Indicators for Lubricants
2 Central & South America: Lubricant Demand
3 Brazil: Macroeconomic Indicators for Lubricants
4 Brazil: Lubricant Demand by Market
5 Brazil: Lubricant Demand by Product & Formulation
6 Other Central & South America: Macroeconomic Indicators for Lubricants
7 Other Central & South America: Lubricant Demand
8 Other Central & South America: Lubricant Demand by Country
9 Eastern Europe: Macroeconomic Indicators for Lubricants
10 Eastern Europe: Lubricant Demand
11 Russia: Macroeconomic Indicators for Lubricants
12 Russia: Lubricant Demand by Market
13 Russia: Lubricant Demand by Product & Formulation
14 Poland: Macroeconomic Indicators for Lubricants
15 Poland: Lubricant Demand by Market
16 Poland: Lubricant Demand by Product & Formulation
17 Other Eastern Europe: Macroeconomic Indicators for Lubricants
18 Other Eastern Europe: Lubricant Demand
19 Other Eastern Europe: Lubricant Demand by Country
20 Africa/Mideast: Macroeconomic Indicators for Lubricants
21 Africa/Mideast: Lubricant Demand
22 Iran: Macroeconomic Indicators for Lubricants
23 Iran: Lubricant Demand by Market
24 Iran: Lubricant Demand by Product & Formulation
25 Egypt: Macroeconomic Indicators for Lubricants
26 Egypt: Lubricant Demand by Market
27 Egypt: Lubricant Demand by Product & Formulation
28 Turkey: Macroeconomic Indicators for Lubricants
29 Turkey: Lubricant Demand by Market
30 Turkey: Lubricant Demand by Product & Formulation
31 Saudi Arabia: Macroeconomic Indicators for Lubricants
32 Saudi Arabia: Lubricant Demand by Market
33 Saudi Arabia: Lubricant Demand by Product & Formulation
34 Other Africa/Mideast: Macroeconomic Indicators for Lubricants
35 Other Africa/Mideast: Lubricant Demand
36 Other Africa/Mideast: Lubricant Demand by Country

SECTION VIII -- INDUSTRY STRUCTURE
1 World Lubricant Sales by Company, 2010
2 Selected Acquisitions & Divestitures
3 Selected Cooperative Agreements

LIST OF CHARTS

SECTION III -- OVERVIEW
1 World Lubricant Demand by Region, 2000-2020
2 Lubricant Demand Per Capita/GDP Per Capita Relationship, 2010
3 World Lubricant Demand by Product, 2010
4 World Lubricant Demand by Market, 2010
5 World Share of Base Oil Demand by Type, 2000-2020

SECTION IV -- NORTH AMERICA
1 North America: Lubricant Market Share by Company, 2010

SECTION V -- WESTERN EUROPE
1 Western Europe: Lubricant Market Share by Company, 2010

SECTION VI -- ASIA/PACIFIC
1 Asia/Pacific: Lubricant Market Share by Company, 2010

SECTION VII -- OTHER REGIONS
1 Central & South America: Lubricant Market Share by Company, 2010
2 Eastern Europe: Lubricant Market Share by Company, 2010
3 Africa/Mideast: Lubricant Market Share by Company, 2010

SECTION VIII -- INDUSTRY STRUCTURE
1 World Lubricant Market Share by Company, 2010