Global Lubricant Basestocks: Market Analysis and Opportunities

Regional Coverage: Africa and the Middle East, Asia-Pacific, Europe, North America, South America

Base Year: 2018
Published August 2019
Forecasts to 2028

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Base Year: 2019
To Be Published 3rd Quarter 2020
Forecasts to 2029

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A comprehensive analysis of the global lubricant basestocks market covering current and future supply and demand dynamics, pricing, and manufacturing costs, this study helps identify opportunities and challenges for industry stakeholders. This edition of the study also includes an analysis of the impact of COVID-19 on the basestocks market in 2020.


  • Lubricant basestock demand and supply analysis at a global level and by key regions, covering Africa and the Middle East, Asia-Pacific, Europe, North America, South America, and select markets
  • Supply and demand estimates for API Group I, II/II+, III/III+, and naphthenic basestocks, as well as demand estimates for Group IV and Group V basestocks
  • Manufacturing cost analysis of typical Group I, II, and III basestock manufacturing plants 
  • Analysis of current pricing levels and price forecast for key grades of Group I, II, and III basestocks across key regions – United States Gulf Coast (USGC), Northwest Europe (NWE), and Northeast Asia (NEA)

Includes Kline’s proprietary Excel-based supply and demand models

Report Contents



Overall Market Summary

North America Basestock Market

Profiles for each region will cover the following information:

  • Market Overview
  • Finished Lubricants Market (current demand by product types and viscosity grades, demand growth, and viscosity grade shifts)
  • Formulation Trends
  • Current and Projected Basestock Demand by API Groups and viscosity grades
  • Basestock Supply (Key plants, capacity, production, viscosity grades produced by API group)
  • Projected Capacity Addition and Plant Closures 
  • Current and Projected Basestock Supply
  • Current and Projected Basestock Supply-Demand Balance
  • Basestock Trade

South America Basestock Market

Europe Basestock Market

Asia-Pacific Basestock Market

Africa and the Middle East Basestock Market

a-Base year: 2019; 
    Forecasts until 2024 and 2029

b-Forecast period: 2019 to 2039



Basestock Pricing Analysis and Forecast

  • Key grades of Group I, II, II+, and III for Northeast Asia, Northwest Europe, and U.S. Gulf Coast
  • Key grades of naphthenic basestocks for U.S. Gulf Coast


Manufacturing Cost Analysis of Select Basestocks Plants

  • Europe Group I plant
  • North America Group II plant
  • Asia Group III plant​​


Each market profile (listed in table 1) contains the following: 

  • Finished lubricant demand and trends
  • Basestocks supply and demand by API Groups and viscosity grades (current and forecast)
  • Basestock trade


Table 2. Synthetic Basestocks Suppliers Profiles
United States​​​​ China​​​​ India​​
Japan​​​​​​​ Russia​​​​​​​ Brazil​ ​​​​​​
South Korea​​​​ Taiwan​​​​ Thailand​​
Indonesia​​​​​​​ ​​​​​​ ​​​​​​


Naphthenic Basestock Supply

This section will discuss the base year (2019) and forecast (2024) supply of naphthenic basestocks including:

  • Basestock supply by region
  • Basestock supply by supplier
  • Basestock supply by viscosity grade
  • Brief profiles of key suppliers

Naphthenic Basestock Demand

This section will discuss the base year (2019) and forecast (2024) demand for naphthenic basestocks including:

  • Basestock demand by application and profiles of key end-use applications
  • Basestock demand by region
  • Basestock demand by viscosity grade

Naphthenic Basestock Supply-Demand Balance

This section will discuss the base year (2019) and forecast (2024) supply demand balance for naphthenic basestocks including:

  • Supply-demand balance by region
  • Supply-demand balance by viscosity grades


This section will discuss the pricing mechanism for major naphthenic grades and provide a view of price forecast for these grades for the future for the United States Gulf Coast region.



The report includes an Excel-based price forecast model and a supply-demand model.



Report Benefits

Subscribers to the study will receive an in-depth understanding of the current status of thebasestocks industry in terms of basestock supply, basestock application space and demand,lubricant formulation trends, basestock pricing mechanism, inter-region trade, inter-materialcompetition, and manufacturing costs.

  • Subscribers to the study receive supply demandmodels for each trade region, which are aninvaluable tool for conducting “what-if” analysesbased on different assumptions on formulations, viscosity grades and shifts, and overall lubricant demand growth.

  • The study is a useful tool for sales, marketing,finance, technology. and strategy personnel toquickly learn the fundamentals of the basestock business, understand lubricant basestockrequirements of the leading end-use markets,and make business decisions.

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