Market Overview:
The global finished lubricant market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for finished lubricants from various end-use industries, such as automotive, power generation, heavy equipment, food & beverage, metallurgy & metal working and chemical manufacturing. In terms of type, mineral oil is expected to dominate the global finished lubricant market during the forecast period. However, synthetic oils are projected to witness highest growth rate during the same period. Based on application, power generation is expected to be one of the fastest-growing segments in terms of volume consumption during 2018-2030.
Product Definition:
Finished lubricant is a type of lubricant that has been treated with additives to improve its properties. These additives can include extreme pressure (EP) agents, corrosion inhibitors, and antioxidants. Finished lubricants are used in a variety of industries, including automotive, aerospace, and metalworking. They are important because they can help reduce wear and tear on machinery, which can lead to increased efficiency and longer equipment life spans.
Mineral Oil:
Mineral oil is a type of petroleum liquid, which is obtained from the distillation of crude oil. It consists of a complex mixture including paraffin, naphthenic oils and other impurities. Mineral oils are used as raw material in the manufacturing process for producing lubricants by solvent extraction method.
Synthetic Oils:
Synthetic oils are base oil with a very high degree of refining. They have properties such as viscosity, pour point, oxidation and thermal stability which make them suitable for use in the finished lubricants. The global market is expected to grow at a CAGR of XX% from 2018 to 2025 owing to increasing demand from automotive industry especially in emerging economies like India and China.
Application Insights:
The automotive & other transportation segment accounted for the largest revenue share of over 30% in 2017. The segment is also expected to witness the fastest growth rate over the forecast period. This can be attributed to increasing production of vehicles and other transportation equipment, such as trucks, buses, trams and coaches across major economies including Japan, China India and U.S., which are likely to result in high product demand during the forecast period.
Power generation was another prominent application sector that accounted for a significant share in 2017 owing to rising demand from countries including India China Indonesia South Korea Brazil Italy Germany Spain Russia France Turkey etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in end-use industries, such as power generation, automotive & transportation, food & beverage and chemical manufacturing. This rapid growth of end-use markets is anticipated to drive demand for finished lubricants over the forecast period.
The Asia Pacific was followed by Europe with a share of 27.0% in terms of volume consumed globally in 2017 owing to high product demand from several major application sectors including power generation, automotive & transportation.
Growth Factors:
- Increasing demand from the automotive and transportation industry
- Growing demand for environmentally friendly and biodegradable lubricants
- Rising popularity of synthetic lubricants over traditional mineral oils
- Proliferation of new applications for finished lubricants in industries such as aerospace, energy, and manufacturing
- Technological advancements that improve the performance of finished lubricants
Scope Of The Report
Report Attributes
Report Details
Report Title
Finished Lubricant Market Research Report
By Type
Mineral Oil, Synthetic Oils, Solid Lubricants, Aqueous Lubrication, Biolubricants
By Application
Power Generation, Automobile & Other Transportation, Heavy Equipment, Food & Beverage, Metallugry & Metal Working, Chemical Manufacturing, Others
By Companies
Royal Dutch Shell Plc, Exxonmobil, BP Plc, Total, Chevron, FUCHS, Sinopec, Lukoil, Valvoline, Pt Pertamina, Petrobras
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Finished Lubricant Market Report Segments:
The global Finished Lubricant market is segmented on the basis of:
Types
Mineral Oil, Synthetic Oils, Solid Lubricants, Aqueous Lubrication, Biolubricants
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Power Generation, Automobile & Other Transportation, Heavy Equipment, Food & Beverage, Metallugry & Metal Working, Chemical Manufacturing, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Royal Dutch Shell Plc
- Exxonmobil
- BP Plc
- Total
- Chevron
- FUCHS
- Sinopec
- Lukoil
- Valvoline
- Pt Pertamina
- Petrobras
Highlights of The Finished Lubricant Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mineral Oil
- Synthetic Oils
- Solid Lubricants
- Aqueous Lubrication
- Biolubricants
- By Application:
- Power Generation
- Automobile & Other Transportation
- Heavy Equipment
- Food & Beverage
- Metallugry & Metal Working
- Chemical Manufacturing
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Finished Lubricant Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Some of the major players in the finished lubricant market are Royal Dutch Shell Plc, Exxonmobil, BP Plc, Total, Chevron, FUCHS, Sinopec, Lukoil, Valvoline, Pt Pertamina, Petrobras.
The finished lubricant market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Finished Lubricant Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Finished Lubricant Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Finished Lubricant Market - Supply Chain
4.5. Global Finished Lubricant Market Forecast
4.5.1. Finished Lubricant Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Finished Lubricant Market Size (000 Units) and Y-o-Y Growth
4.5.3. Finished Lubricant Market Absolute $ Opportunity
5. Global Finished Lubricant Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Finished Lubricant Market Size and Volume Forecast by Type
5.3.1. Mineral Oil
5.3.2. Synthetic Oils
5.3.3. Solid Lubricants
5.3.4. Aqueous Lubrication
5.3.5. Biolubricants
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Finished Lubricant Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Finished Lubricant Market Size and Volume Forecast by Application
6.3.1. Power Generation
6.3.2. Automobile & Other Transportation
6.3.3. Heavy Equipment
6.3.4. Food & Beverage
6.3.5. Metallugry & Metal Working
6.3.6. Chemical Manufacturing
6.3.7. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Finished Lubricant Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Finished Lubricant Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Finished Lubricant Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Finished Lubricant Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Finished Lubricant Demand Share Forecast, 2019-2026
9. North America Finished Lubricant Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Finished Lubricant Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Finished Lubricant Market Size and Volume Forecast by Application
9.4.1. Power Generation
9.4.2. Automobile & Other Transportation
9.4.3. Heavy Equipment
9.4.4. Food & Beverage
9.4.5. Metallugry & Metal Working
9.4.6. Chemical Manufacturing
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Finished Lubricant Market Size and Volume Forecast by Type
9.7.1. Mineral Oil
9.7.2. Synthetic Oils
9.7.3. Solid Lubricants
9.7.4. Aqueous Lubrication
9.7.5. Biolubricants
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Finished Lubricant Demand Share Forecast, 2019-2026
10. Latin America Finished Lubricant Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Finished Lubricant Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Finished Lubricant Market Size and Volume Forecast by Application
10.4.1. Power Generation
10.4.2. Automobile & Other Transportation
10.4.3. Heavy Equipment
10.4.4. Food & Beverage
10.4.5. Metallugry & Metal Working
10.4.6. Chemical Manufacturing
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Finished Lubricant Market Size and Volume Forecast by Type
10.7.1. Mineral Oil
10.7.2. Synthetic Oils
10.7.3. Solid Lubricants
10.7.4. Aqueous Lubrication
10.7.5. Biolubricants
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Finished Lubricant Demand Share Forecast, 2019-2026
11. Europe Finished Lubricant Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Finished Lubricant Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Finished Lubricant Market Size and Volume Forecast by Application
11.4.1. Power Generation
11.4.2. Automobile & Other Transportation
11.4.3. Heavy Equipment
11.4.4. Food & Beverage
11.4.5. Metallugry & Metal Working
11.4.6. Chemical Manufacturing
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Finished Lubricant Market Size and Volume Forecast by Type
11..1. Mineral Oil
11.7.2. Synthetic Oils
11.7.3. Solid Lubricants
11.7.4. Aqueous Lubrication
11.7.5. Biolubricants
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Finished Lubricant Demand Share, 2019-2026
12. Asia Pacific Finished Lubricant Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Finished Lubricant Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Finished Lubricant Market Size and Volume Forecast by Application
12.4.1. Power Generation
12.4.2. Automobile & Other Transportation
12.4.3. Heavy Equipment
12.4.4. Food & Beverage
12.4.5. Metallugry & Metal Working
12.4.6. Chemical Manufacturing
12.4.7. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Finished Lubricant Market Size and Volume Forecast by Type
12.7.1. Mineral Oil
12.7.2. Synthetic Oils
12.7.3. Solid Lubricants
12.7.4. Aqueous Lubrication
12.7.5. Biolubricants
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Finished Lubricant Demand Share, 2019-2026
13. Middle East & Africa Finished Lubricant Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Finished Lubricant Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Finished Lubricant Market Size and Volume Forecast by Application
13.4.1. Power Generation
13.4.2. Automobile & Other Transportation
13.4.3. Heavy Equipment
13.4.4. Food & Beverage
13.4.5. Metallugry & Metal Working
13.4.6. Chemical Manufacturing
13.4.7. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Finished Lubricant Market Size and Volume Forecast by Type
13.7.1. Mineral Oil
13.7.2. Synthetic Oils
13.7.3. Solid Lubricants
13.7.4. Aqueous Lubrication
13.7.5. Biolubricants
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Finished Lubricant Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Finished Lubricant Market: Market Share Analysis
14.2. Finished Lubricant Distributors and Customers
14.3. Finished Lubricant Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Royal Dutch Shell Plc
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Exxonmobil
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. BP Plc
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Total
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Chevron
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. FUCHS
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sinopec
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Lukoil
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Valvoline
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Pt Pertamina
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Petrobras
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
