Global finished lubricant demand reaches an estimated 40 million tonnes in 2017. PCMO/MCO continues to lead the finished lubricant demand after taking over the leading position in 2016. The demand is forecast for minimal volumetric growth; however, growing segments, including synthetics, low visgrades, and alternative fuel vehicles (AFV), among others, offer a myriad of opportunities for all suppliers.
Kline estimates that Shell is the number one global supplier of automotive and industrial lubricants for the 12th consecutive year, followed by ExxonMobil. The top five global lubricants suppliers — Shell, ExxonMobil, BP, Total, and Chevron — account for more than a combined one-third of global lubricants sales in 2017.Continue reading