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Global Lubricant Basestocks: Market Analysis and Opportunities

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

Base Year: 2020
Published Q3, 2021
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Base Year: 2021
To be published: Q3 2022
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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 the growing shift toward sustainability and electric vehicles on the basestocks market.


  • 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)

Table of 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: 2021; forecasts to 2026 and 2031


Basestock Pricing Analysis and Forecast

  • Key grades of Group I, II, II+, and III for NEA, NWE, USGC
  • Key grades of naphthenic basestocks for USGC


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

b-Forecast period: 2021 to 2041

Table 1.  Markets Covered
​​Brazil Japan South Korea
China Russia​​​​​​​ Thailand
Indonesia ​​​​Taiwan United States
India ​​​​​​ ​​​​​​


Report Benefits

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

  • Subscribers to the study receive supply demand models for each trade region, which are an invaluable tool for conducting “what-if” analyses based on different assumptions on formulations, viscosity grades and shifts, and overall lubricants demand growth.
  • The study is a useful tool for sales, marketing, finance, technology, and strategy personnel to quickly learn the fundamentals of the basestock business, understand lubricant basestock requirements of the leading end-use markets, and make business decisions.

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