Market Overview:
The global mineral-oil-based lubricants market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for mineral-oil-based lubricants from various end users, such as automotive, marine, aviation, and other applications. In terms of type, the global mineral-oil-based lubricants market is segmented into fluid, semi-fluid, and solid lubricants. The fluid type segment is expected to hold the largest share of the global mineral oil based lubricant market in 2018 owing to its high demand from various end users across different regions.
Product Definition:
A mineral-oil-based lubricant is a type of lubricant that uses mineral oil as its base. This type of lubricant is important because it can be used in a variety of applications, including automotive and industrial settings. Additionally, it is often less expensive than other types of lubricants and can provide good performance.
Fluid:
Fluid is a substance that is capable of flowing and moving freely. Fluids can be liquids or solids, however they all have one common feature, the capability to flow. The most commonly known fluids in this world are water, oil & gas (petroleum), blood, milk & honey among others.
The global lubricants industry has been witnessing strong growth over the past few years on account of rising demand from various application industries including automotive.
Semi-fluid:
Semi-fluid is a type of mineral oil based lubricant that has low viscosity and high flash point. It can be used as an alternative to water-based or synthetic lubricants in various applications such as metal working, food processing, printing & labeling machines and others.
The global semi-fluid market size was valued at USD 1.91 billion in 2016.
Application Insights:
Automotive, aviation and other applications together accounted for over 50% of the overall revenue share in 2017. The automotive segment is expected to witness significant growth on account of increasing demand for mineral-oil-based lubricants from various vehicle manufacturers across the globe. These lubricants are used in hydraulic systems, engine oil, transmission fluids as well as brake fluids applications.
The growing importance of these products in aircraft maintenance owing to superior properties such as resistance towards oxidation and high temperature is also expected to drive the market growth over the forecast period. In addition, they offer low friction compared to synthetic or petroleum-based products which further boosts their usage rate across a wide range of end uses including aerospace components manufacturing and repair services at airports worldwide.
Regional Analysis:
Asia Pacific dominated the global mineral-oil-based lubricants market in 2017 and is expected to continue its dominance over the forecast period. The presence of key aircraft engine manufacturers such as GE, Pratt & Whitney Canada, and CFM International in Montreal is one of the major factors contributing to this regional growth. Asia Pacific has also been a hub for automobile manufacturing owing to low labor costs and availability of land. Furthermore, increasing automotive production due to rising sales across emerging economies including China and India will drive demand further.
Europe was estimated at USD X billion in 2017 owing to high demand from industrial machinery applications along with stringent environmental regulations by various regulatory bodies such as EEA, EU etc.
Growth Factors:
- Increasing demand from the automotive and transportation industry for mineral-oil-based lubricants as they are less viscous and have a higher flash point as compared to other synthetic lubricants, which makes them ideal for use in extreme temperature conditions.
- Rising demand for mineral-oil-based lubricants in the industrial sector due to their ability to reduce wear and tear, prevent corrosion, and extend equipment life.
- Growing awareness about the benefits of using mineral oil based lubricants among consumers across different industries is expected to drive market growth over the forecast period.
- Technological advancements that have led to the development of new formulations of mineral oil based lubricants that offer better performance characteristics than traditional products is likely to propel market growth over the next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Mineral-oil-based Lubricants Market Research Report
By Type
Fluid, Semi-fluid, Solid
By Application
Automotive, Marine, Aviation, Other
By Companies
BP, CNPC, ExxonMobil, Royal Dutch Shell, Saudi Aramco, Tulstar Products, Chevron Phillips Chemical, Mitsui Chemicals
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Mineral-oil-based Lubricants Market Report Segments:
The global Mineral-oil-based Lubricants market is segmented on the basis of:
Types
Fluid, Semi-fluid, Solid
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
Automotive, Marine, Aviation, Other
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:
- BP
- CNPC
- ExxonMobil
- Royal Dutch Shell
- Saudi Aramco
- Tulstar Products
- Chevron Phillips Chemical
- Mitsui Chemicals
Highlights of The Mineral-oil-based Lubricants 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:
- Fluid
- Semi-fluid
- Solid
- By Application:
- Automotive
- Marine
- Aviation
- Other
- 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 Mineral-oil-based Lubricants 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?
Mineral-oil-based lubricants are a type of lubricant that is made from oil and mineral ingredients. They are often used in industrial settings because they provide good slip and low wear rates.
Some of the major companies in the mineral-oil-based lubricants market are BP, CNPC, ExxonMobil, Royal Dutch Shell, Saudi Aramco, Tulstar Products, Chevron Phillips Chemical, Mitsui Chemicals.
The mineral-oil-based lubricants market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Mineral-oil-based Lubricants 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. Mineral-oil-based Lubricants Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Mineral-oil-based Lubricants Market - Supply Chain
4.5. Global Mineral-oil-based Lubricants Market Forecast
4.5.1. Mineral-oil-based Lubricants Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Mineral-oil-based Lubricants Market Size (000 Units) and Y-o-Y Growth
4.5.3. Mineral-oil-based Lubricants Market Absolute $ Opportunity
5. Global Mineral-oil-based Lubricants 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. Mineral-oil-based Lubricants Market Size and Volume Forecast by Type
5.3.1. Fluid
5.3.2. Semi-fluid
5.3.3. Solid
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Mineral-oil-based Lubricants 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. Mineral-oil-based Lubricants Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Marine
6.3.3. Aviation
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Mineral-oil-based Lubricants 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. Mineral-oil-based Lubricants 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 Mineral-oil-based Lubricants 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. Mineral-oil-based Lubricants 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 Mineral-oil-based Lubricants Demand Share Forecast, 2019-2029
9. North America Mineral-oil-based Lubricants 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 Mineral-oil-based Lubricants 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 Mineral-oil-based Lubricants Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Marine
9.4.3. Aviation
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Mineral-oil-based Lubricants Market Size and Volume Forecast by Type
9.7.1. Fluid
9.7.2. Semi-fluid
9.7.3. Solid
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 Mineral-oil-based Lubricants Demand Share Forecast, 2019-2029
10. Latin America Mineral-oil-based Lubricants 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 Mineral-oil-based Lubricants 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 Mineral-oil-based Lubricants Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Marine
10.4.3. Aviation
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Mineral-oil-based Lubricants Market Size and Volume Forecast by Type
10.7.1. Fluid
10.7.2. Semi-fluid
10.7.3. Solid
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 Mineral-oil-based Lubricants Demand Share Forecast, 2019-2029
11. Europe Mineral-oil-based Lubricants 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 Mineral-oil-based Lubricants 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 Mineral-oil-based Lubricants Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Marine
11.4.3. Aviation
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Mineral-oil-based Lubricants Market Size and Volume Forecast by Type
11.7.1. Fluid
11.7.2. Semi-fluid
11.7.3. Solid
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 Mineral-oil-based Lubricants Demand Share, 2019-2029
12. Asia Pacific Mineral-oil-based Lubricants 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 Mineral-oil-based Lubricants 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 Mineral-oil-based Lubricants Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Marine
12.4.3. Aviation
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Mineral-oil-based Lubricants Market Size and Volume Forecast by Type
12.7.1. Fluid
12.7.2. Semi-fluid
12.7.3. Solid
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 Mineral-oil-based Lubricants Demand Share, 2019-2029
13. Middle East & Africa Mineral-oil-based Lubricants 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 Mineral-oil-based Lubricants 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 Mineral-oil-based Lubricants Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Marine
13.4.3. Aviation
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Mineral-oil-based Lubricants Market Size and Volume Forecast by Type
13.7.1. Fluid
13.7.2. Semi-fluid
13.7.3. Solid
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 Mineral-oil-based Lubricants Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Mineral-oil-based Lubricants Market: Market Share Analysis
14.2. Mineral-oil-based Lubricants Distributors and Customers
14.3. Mineral-oil-based Lubricants Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BP
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. CNPC
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. ExxonMobil
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Royal Dutch Shell
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Saudi Aramco
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Tulstar Products
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Chevron Phillips Chemical
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Mitsui Chemicals
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
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