Global Lubricant Basestocks: Market Analysis and Opportunities

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

Base Year: 2022
Published: July 2023
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Base Year: 2023
Forecast: 2043
To be Published: Q2 2024
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The global basestock market is undergoing various changes in the wake of transition toward sustainability, rapid capacity expansion, declining demand, and swift quality upgrades. This report provides a comprehensive analysis of the market covering the current and future supply and demand dynamics, pricing, and manufacturing costs, helping identify opportunities and challenges in the market.


  • Lubricant basestock demand and supply analysis at a global level and by key market
  • 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

  • Market overview
  • Finished lubricants market (current demand by product type and viscosity grade, demand growth, and viscosity grade shift)
  • Formulation trends
  • Current and projected basestock demand by API group and viscosity grade
  • Basestock supply (key plants, capacity, production, and 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

Profiles for each region will cover similar information

South America Basestock Market

Europe Basestock Market

Asia-Pacific Basestock Market

Africa and the Middle East Basestock Market


Basestock Pricing Analysis and Forecast

  • Key grades of Group I, II, II+, and III for NEA, NWE, and 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
​​Brazil Japan South Korea
China Thailand​​ Indonesia
Taiwan ​​​​United States ​​​​India


Subscriber 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 will 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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