Growing environmental concerns and tightening fuel efficiency norms, as well as lubricant product innovations, are bringing changes to the North American consumer automotive lubricants market. While it has remained flat in the last five years, the market is now experiencing a fast change in the quality levels of lubricants. The consumption of synthetic and semi-synthetic products, particularly in the United States and Canada, is growing, resulting in extended average drain intervals for passenger vehicle lubricants. Continue reading
Gabriel Tarle, Senior Analyst in Kline’s Energy Practice will present insights concerning the global lubricant additives market at the upcoming CIS Base Oils and Lubricants Conference in Moscow, Russia.
The conference will take place from May 24 to May 26. Furthermore, if the global lubricant additives market is of interest to you, feel free to review our Global Lubricant Additives: Market Analysis and Opportunities report. Continue reading
Global lubricant additive consumption exhibited moderate growth in 2015, estimated to have increased by 1.0% over 2014. This consumption is forecast to increase by 1.6% through 2019, with strong growth stemming from regions like Asia-Pacific, Africa, the Middle East, and South America, according to the recently published Global Lubricant Additives: Market Analysis and Opportunities report by global market research and management consulting firm Kline.
The growth rate for lubricant additives is higher than the growth rate for finished lubricants. Growth varies significantly across function class. For instance, the focus on long-lasting engine oils, engine cleanliness, and fuel economy drives an increase in the usage of dispersants, antioxidants, and friction modifiers. Greater use of multigrade engine oils drives the usage of viscosity index improvers. In contrast, due to issues of compatibility with emission control devices, the use of detergents and antiwear additives is dampened.Continue reading
Accounting for 44% of the global market, Asia-Pacific is the leading region for finished lubricant demand. Overall finished lubricant demand in the Asia-Pacific region is forecast for modest growth of a CAGR of 1.8% over the next five years. An emphasis on fuel economy and a modern vehicle parc will drive the use of synthetics and other lighter viscosity grade lubricants for passenger car motor oil (PCMO) in the region.Continue reading
Europe is the third largest finished lubricants region, consuming approximately 17% of the global demand. The top five lubricant markets in Europe account for nearly two-thirds of the region’s demand. Russia, Germany, and the United Kingdom make up about 50% of the market.
While other European markets remain flat, the United Kingdom, the third largest consumer of finished lubricants in Europe, is on the upswing due to a variety of factors, according to the recently published Global Lubricants: Market Analysis and Assessment report from global market research and management consulting firm, Kline.Continue reading
Accounting for 40% of the global market, Asia-Pacific is the leading region for finished lubricant demand. Emphasis on fuel economy and a modern vehicle parc will drive the use of synthetics and other lighter viscosity grade lubricants for passenger car motor oil (PCMO) in the region. Capitalizing on this shift, China and Malaysia are integral to the strong performance of finished lubricants in the Asia-Pacific region, capturing about 45% of regional demand, according to the soon-to-be-published Global Lubricants: Market Analysis and Assessment report by global market research and management consulting firm, Kline.
In China, synthetic oils have grown at more than 10% annually since 2013. Mobil 1 from ExxonMobil is the best-known full synthetic product in China, and similar products from Shell and BP products are also very popular.Continue reading
The North American lubricants market encompasses a wide range of oils and fluids used in the consumer automotive, commercial automotive, and industrial market segments. The United States dominates the region by a large stretch, distantly followed by Canada, accounting for 9% of the lubricant sales volume and Mexico with an 8% share.
This is second only to the Asia-Pacific market, which is moving towards synthetics and other low viscosity grade lubricants as the vehicle parc expansion in the region creates such demand. Passenger car motor oil (PCMO) is the leading product category in North America, accounting for over 25% of the total lubricants market. Process oil and heavy-duty motor oil (HDMO) follow with 17% and 16% shares, respectively, in 2014. Recommendations from original equipment manufacturers (OEMs) and consumers extending oil drain intervals enable a greater use of synthetics.Continue reading
The global two-wheeler market, which includes motorcycles, scooters, and mopeds, is expected to reach over 700 million units by 2021. This is a high-growth market segment, increasing at a rate of 8% per annum. Rising economic conditions, lack of public transportation, poor road infrastructure, high fuel efficiency/ mileage, lower emissions, and growth in the young population are the leading drivers for this significant uptick in demand. As a result of these trends, countries like Brazil, India, and Vietnam are at the forefront of driving demand for two-wheelers. However, as electric two-wheelers gain prominence in Southeast Asian countries, lubricant demand growth may be subdued. Continue reading
The global wind energy market has witnessed tremendous growth in recent years due to the need for clean, low carbon emitting energy produced from renewable sources. Governments around the world have enthusiastically supported the wind energy industry, but whether they can continue to do so in the current economic environment is an open question.
Join us on Tuesday March 6 at 9:00AM US EST for an insightful presentation focusing on the lubricant opportunities within this fast evolving market and Kline’s recent report Lubricants for Wind Turbines 2011: Global Market Analysis and Opportunities.
While overall global demand for finished lubricants has declined more than 4,000 kilotonnes over the past two years, synthetics and synthetic blends have gained more market share during this timeContinue reading