Global Lubricant Basestocks: Market Analysis and Opportunities

Global Lubricant Basestocks: Market Analysis and Opportunities

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

Base Year: 2021
To be published: Q3 2022
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Base Year: 2022
To be published: Q3 2023
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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 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 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 a 20-year forecast
Access to an Intelligence Center providing latest insights into the basestocks market

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, 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

South America Basestock Market

Europe Basestock Market

Asia-Pacific Basestock Market

Africa and the Middle East Basestock Market

a-Base year: 2022; forecasts to 2027, 2032, 2037, and 2042


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: 2022 to 2042

​​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 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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