Market Overview:
The global lube oil refinery market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into fully refined wax, white oil, rubber process oil, slack wax, semi refined wax petrolamum and microcrystalline wax. Fully refined wax dominates the global lube oil refinery market with a share of more than 50%. On account of its properties such as low melting point and good thermal stability it is used in various applications such as candles making , pharmaceuticals , cosmetics among others . White oils are also witnessing high demand due to their properties such as transparency , non-toxicity and biodegradability . They are extensively used in personal care products such as skin creams sunscreens lotions etc . Asia Pacific accounts for majority share in terms of revenue generated by global lube oil refinery market followed by Europe .
Product Definition:
A Lube Oil Refinery is a facility where crude oil is processed into lubricating oils. The importance of a Lube Oil Refinery is that it produces high-quality lubricating oils that are essential for keeping machinery running smoothly.
Fully Refined Wax:
Fully refined wax is a product that has been purified, bleached and deodorized. It is also colorless and free of all contaminants including paraffin, hydrocarbons & other impurities. Fully refined waxes are used as an additive in lubricating oil to improve its viscosity index and to remove water from the base oil during the processing of petroleum crude into finished products such as motor oils & fuel oils.
White Oil:
White oil is a colorless, flammable liquid derived from petroleum. It is used as an additive in lubricants to improve their viscosity and to help them slide more easily over each other. The product also has applications as coolant, de-gumming agent, anti-wear agent and rust preventative in the metalworking industry.
Application Insights:
The others application segment includes machinery and equipment manufacturing, as well as automotive and transportation. The demand for lube oil in the aforementioned applications is expected to witness growth on account of its usage in lubrication systems for industrial machinery and equipment. In addition, it is also used in hydraulic brake systems on vehicles, which are manufactured by using high-performance polymers with superior friction properties.
Chemical & material was the largest revenue generating segment owing to increasing demand from various end-use industries including construction materials manufacturing and pharmaceuticals processing.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand for automotive lubricants from countries such as China, India, Japan, South Korea and Taiwan. These countries are among the largest producers of motor vehicles in the world. Thus, high production coupled with growing consumer demand has led to an increase in automotive sales which is anticipated to drive product consumption over the next eight years.
The Asia Pacific was followed by Europe which accounted for a share of more than 20% in 2017 owing to rising product consumption from major application sectors including industrial machinery and equipment along with consumer products such as household appliances and automobiles among others.
Growth Factors:
- Increasing demand for lubricants from the automotive and industrial sectors
- Rising awareness about the benefits of using synthetic lubricants over conventional mineral oils
- Technological advancements in refinery processes that improve the quality and performance of lube oils
- Growing demand for bio-based lubes as a result of stringent environmental regulations
- Consolidation among players in the lube oil refinery market to create economies of scale
Scope Of The Report
Report Attributes
Report Details
Report Title
Lube Oil Refinery Market Research Report
By Type
Fully Refined Wax, White Oil, Rubber Process Oil, Slack wax, Semi Refined Wax, Petrolatum, Microcrystalline Wax
By Application
Chemical and Material, Comsumer Product, Others
By Companies
Exxon Mobil Corporation, Sinopec Corporation, Royal Dutch Shell, Eni S.p.A., Sasol, Ark Exports, Lodha Petro, Tong Shun Industry, Asian Oil Company, Shanchuan Petrochemical
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Lube Oil Refinery Market Report Segments:
The global Lube Oil Refinery market is segmented on the basis of:
Types
Fully Refined Wax, White Oil, Rubber Process Oil, Slack wax, Semi Refined Wax, Petrolatum, Microcrystalline Wax
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
Chemical and Material, Comsumer Product, 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:
- Exxon Mobil Corporation
- Sinopec Corporation
- Royal Dutch Shell
- Eni S.p.A.
- Sasol
- Ark Exports
- Lodha Petro
- Tong Shun Industry
- Asian Oil Company
- Shanchuan Petrochemical
Highlights of The Lube Oil Refinery 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:
- Fully Refined Wax
- White Oil
- Rubber Process Oil
- Slack wax
- Semi Refined Wax
- Petrolatum
- Microcrystalline Wax
- By Application:
- Chemical and Material
- Comsumer Product
- 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 Lube Oil Refinery 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
A lubricant oil refinery is a facility that processes crude oil into various types of lubricants. These can include motor oils, transmission oils, hydraulic fluids, and gear oils.
Some of the major players in the lube oil refinery market are Exxon Mobil Corporation, Sinopec Corporation, Royal Dutch Shell, Eni S.p.A., Sasol, Ark Exports, Lodha Petro, Tong Shun Industry, Asian Oil Company, Shanchuan Petrochemical.
The lube oil refinery market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lube Oil Refinery Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Lube Oil Refinery Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lube Oil Refinery Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Lube Oil Refinery Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Lube Oil Refinery Market Size & Forecast, 2020-2028
4.5.1 Lube Oil Refinery Market Size and Y-o-Y Growth
4.5.2 Lube Oil Refinery Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Fully Refined Wax
5.2.2 White Oil
5.2.3 Rubber Process Oil
5.2.4 Slack wax
5.2.5 Semi Refined Wax
5.2.6 Petrolatum
5.2.7 Microcrystalline Wax
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Chemical and Material
6.2.2 Comsumer Product
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lube Oil Refinery Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Lube Oil Refinery Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Fully Refined Wax
9.6.2 White Oil
9.6.3 Rubber Process Oil
9.6.4 Slack wax
9.6.5 Semi Refined Wax
9.6.6 Petrolatum
9.6.7 Microcrystalline Wax
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Chemical and Material
9.10.2 Comsumer Product
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Fully Refined Wax
10.6.2 White Oil
10.6.3 Rubber Process Oil
10.6.4 Slack wax
10.6.5 Semi Refined Wax
10.6.6 Petrolatum
10.6.7 Microcrystalline Wax
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Chemical and Material
10.10.2 Comsumer Product
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Fully Refined Wax
11.6.2 White Oil
11.6.3 Rubber Process Oil
11.6.4 Slack wax
11.6.5 Semi Refined Wax
11.6.6 Petrolatum
11.6.7 Microcrystalline Wax
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Chemical and Material
11.10.2 Comsumer Product
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Fully Refined Wax
12.6.2 White Oil
12.6.3 Rubber Process Oil
12.6.4 Slack wax
12.6.5 Semi Refined Wax
12.6.6 Petrolatum
12.6.7 Microcrystalline Wax
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Chemical and Material
12.10.2 Comsumer Product
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Fully Refined Wax
13.6.2 White Oil
13.6.3 Rubber Process Oil
13.6.4 Slack wax
13.6.5 Semi Refined Wax
13.6.6 Petrolatum
13.6.7 Microcrystalline Wax
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Chemical and Material
13.10.2 Comsumer Product
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Lube Oil Refinery Market: Competitive Dashboard
14.2 Global Lube Oil Refinery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Exxon Mobil Corporation
14.3.2 Sinopec Corporation
14.3.3 Royal Dutch Shell
14.3.4 Eni S.p.A.
14.3.5 Sasol
14.3.6 Ark Exports
14.3.7 Lodha Petro
14.3.8 Tong Shun Industry
14.3.9 Asian Oil Company
14.3.10 Shanchuan Petrochemical
