Global Synthetic Lubricant Basestocks 2022 Market Update

Global Synthetic Lubricant Basestocks 2022 Market Update

Base Year: 2022
Published: June 2023
Regional Coverage: Africa and the Middle East, Asia-Pacific, Europe, North America, South America

A quick snapshot view of the global synthetic basestocks market and demand evolution over the next five years. The transition toward a sustainable future entails a swifter move toward the use of synthetic lubricants, which creates a faster demand for synthetic basestocks. Moreover, growing demand in terms of performance requirements favors the use of synthetic basestocks.

Scope

  • Global synthetic and semi-synthetic lubricant demand penetration:
    • - By segment
    • - By product
    • - By viscosity grade
  • Synthetic basestock demand analysis at a global level and by key regions, covering Africa and the Middle East, Asia-Pacific, Europe, North America, and South America
  • Covers synthetic basestocks such as Group III/III+, polyalphaolefin (PAO), polyalkylene glycol (PAG), synthetic ester, phosphate ester, polyisobutylene (PIB), and alkylated aromatics
  • Global demand evolution of synthetic and semi-synthetic lubricants, and resultant demand for synthetic basestocks

ALSO INCLUDES A PAO DEMAND MODEL PROVIDING A 20-YEAR DEMAND OUTLOOK

Table of Contents

Introduction

Finished Lubricants Demand

This section will discuss the penetration of synthetic and semisynthetic lubricants in various lubricant products. It will also provide a five-year growth outlook for various lubricants (synthetic and semi-synthetics).

Polyalphaolefins

The general product overview and its characteristics for polyalphaolefins (PAO) will be analyzed, along with the global capacity for high- and low-vis PAO, current PAO pricing, PAO supply evolution over the next five years, and profiles for the leading suppliers of PAO.

Group III/III+

This report will discuss the general product overview and its characteristics, global capacity for Group III and III+ basestocks, current Group III/III+ pricing, and Group III/III+ supply evolution over the next five years. The study will profile the leading suppliers of Group III/III+ basestocks.

The PAO demand model will provide a detailed look at the PAO demand evolution for the next 20-year period.

Finished lubricant demand (2022 to 2042):

  • - By region
  • - By segment
  • - By Product and viscosity grades

PAO demand outlook (2022 to 2042):

  • - By region
  • - By segment
  • - By PAO type (mPAO vs. conventional PAO)
  • - By viscosity grade

PAO supply:

  • - Current and planned PAO capacity additions
  • - By PAO type
  • - By viscosity grades (low viscosity vs. high viscosity)

The deliverable for this section will include only an Excel-based demand model.

GLOBAL SYNTHETIC LUBRICANT BASESTOCKS 2022 MARKET UPDATE

Synthetic Basestocks Demand

This section will examine the demand for various synthetic basestocks—PAO, Group III/III+, polyalkylene glycol (PAG), synthetic esters, phosphate esters, and polyisobutenes, among others—in various regions and end-use applications. It will also discuss various
trends that may affect the demand for such synthetic basestocks over the next five years.

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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Global Synthetic Lubricant Basestocks: Market Analysis and Opportunities

Global Synthetic Lubricant Basestocks: Market Analysis and Opportunities

Base Year: 2021
Published: Q4 2022
Regional Coverage: Africa and the Middle East, Asia-Pacific, Europe, North America, South America

A comprehensive analysis of the fast-growing synthetic basestocks market, the report highlights growth opportunities for basestock marketers in a flat to declining market for finished lubricants and growing focus on sustainability. As demand for synthetic lubricants grows, new opportunities arise for synthetic basestock marketers. The study takes into account the impact of growing electric vehicle penetration, recovery from COVID-19, and the growing role of sustainability.​

Scope

  • Global synthetic lubricant demand and trends
  • Global synthetic basestocks demand by region, lubricant application, and viscosity grades in the case of automotive engine oils
  • Comparison of leading basestock types
  • Formulation and substitution trends and inter-material competition
  • Synthetic basestock demand outlook
  • Profiles of leading suppliers

Includes an Excel-based demand model

Report Contents

Introduction

Executive Summary

An overview of key findings

Global Finished Lubricant Market

  • Finished lubricant demand by product and region
  • Penetration of synthetic and semi-synthetic lubricants
  • Product performance trends
  • Demand outlook

Global Synthetic Lubricant Basestock Market

  • Comparison of different synthetic basestocks
  • Application by basestock type
  • Pricing
  • Demand by basestock type and application
  • Inter-material competition
  • Demand outlook

Synthetic Basestock Profiles
Detailed profiles of synthetic basestocks (listed in Table 1) are provided, including the following information:

  • Product overview
  • Supply
  • Pricing
  • Consumption
  • Demand trends
  • Demand outlook

Supplier Profiles
Detailed profiles of leading synthetic basestocks suppliers (listed in Table 2) are provided, including the following information:

  • Company background
  • Overview of synthetic basestocks business
  • Product portfolio/manufacturing
  • Appraisal

 

TABLE 1. SYNTHETIC BASESTOCKS COVERED
Polyalphaolefins​​ Group III/III+​​
Synthetic esters​​​​​ Polyalkylene glycol​​​​​
Polyisobutylene​​​​ Phosphate esters​​​​
​Alkylated aromatics​​​​

 

TABLE 2. SYNTHETIC BASESTOCKS  SUPPLIERS PROFILES
BASF​​​ Chevron Phillips​​​ Clariant​
Croda​​​​​​ Daihachi​​​​​​ Dow ​​​​​​
ExxonMobil​​​​​ Huntsman​​​​​ ICL​​​​​
​Idemitsu​ INEOS​ Yingkou Zinghou​​
Lanxess​​​​​​ Lu’an​​​​​​ Lubrizol​​​​​​
NACO​​​​​​ Nanjing Well​​​​​​ NOF​​​​​​
NYCO​​​​​​ Oleon​​​​​​ CNPC Lanzhou​​​​​​
Youme​​​​​​ ​​​​​ ​​​​​

Report Benefits

This report assists industry participants in identifying business opportunities within the global synthetic lubricant basestocks industry. It also serves as an invaluable tool in the strategic planning process. Specifically, the report helps subscribers to:

  • Develop pricing and market entry strategies
  • Maximize returns along the value chain
  • Perform competitive intelligence assessments
  • Identify new applications and business development opportunities
  • Develop strategic plans
  • Focus product/service offerings and target markets

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Global Business Outlook for Brightstocks

Global Business Outlook for Brightstocks


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

Base Year: 2020
Published: Q1 2021

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Base Year: 2022
Published: April 2023

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The supply of brightstocks continues to dwindle due to Group I plant closures driven by capacity overhang, technical obsolescence, and refiners’ recent pursuit of sustainability goals. Moreover, various substitutes such as Group II brightstocks and PIB are emerging. This report will focus on key trends, developments, challenges, and business opportunities in the global brightstock market.

Scope

  • Current and forecast demand for brightstocks
    • — By application
    • — By region
    • — By brightstock type*
  • Current and forecast supply for brightstocks
    • — By supplier
    • — By region
    • — By brightstock type*

*Includes conventional Group I brightstocks, naphthenic brightstocks, and alternate brightstocks (Group II)

  • Potential shortfalls in the brightstock market
  • Potential substitutes for brightstocks in various applications
  • A comparative assessment of technical and economic feasibility of substitution by various alternatives

Includes an Excel-based supply-demand model

Table of Contents

Introduction

Executive Summary

An overview of the report findings, plus a forecast based on Kline’s FutureView Forecasting Model

Current and Forecast Demand

  • Current formulation approaches and brightstock demand by lubricant product
  • Demand by application and region
  • Lubricant demand outlook and changes in formulation
  • Brightstock demand outlook by application, region, and brightstock type

Current and Forecast Supply

  • Current brightstock supply by brightstock type, region, and producer
  • Anticipated changes in brightstock capacity and resultant brightstock supply by brightstock type, region, and producer
  • A discussion on market trends shaping brightstock capacity

Supply-Demand Balance

  • Current and projected supply-demand balance by region and brightstock type

Substitute Products

Supply and availability of different substitutes, their technical performance and pricing vis-à-vis brightstocks

  • Polyalphaolefins (PAO)
  • Polyisobutylenes (PIB)
  • Polyalkylene glycols (PAG)

Market Evaluation and Outlook

  • Business outlook, opportunities, and challenges for brightstock suppliers and blenders
  • Barriers for entry for substitutes

Supplier Profiles

  • A brief profile of key brightstock suppliers (listed in table 1)
TABLE 1. SUPPLIERS PROFILED
Ergon PBF Energy
ExxonMobil PERTAMINA
HollyFrontier Petrobras
IRPC Shell
Luberef CEPSA
Lukoil

Forecast period: 2022 to 2032

Report Benefits

This syndicated report is designed to provide an objective and thorough analysis of brightstock supply and demand, the emerging supply gap, and potential substitutes. Subscribers will be able to identify potential market opportunities and threats. The study also:

  • Serves as a useful tool to quickly learn the dynamics of brightstock market and assists in making business decisions
  • Offers valuable insights and information on business opportunities and threats
  • Helps subscribers recognize the likely shortfall in brightstock supply and identify suitable options to make up for the shortfall

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Global Used Oil and Re-Refined Lubricants: Market Analysis and Opportunities

Global Used Oil and Re-Refined Lubricants: Market Analysis and Opportunities


Regional Coverage: Brazil, China, India, Japan, Mexico, USA and Canada, Western Europe

Base Year: 2020 and 2021
Published: Q1 2022

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Base Year: 2023
To be Published: Q4 2023

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This report is a comprehensive analysis of the global used oil and re-refined lubricants industry as the focus of governments and corporations around the world increases on sustainability amidst the declining demand for basestocks. This study will focus on key trends, developments, changes, challenges, and business opportunities.

Scope

  • Assessment of material flows from finished lubricants and used oil collection to used oil disposal and re-refined basestocks production
  • Assessment of disposal routes for used oil, including energy recovery, re-refining, and other end uses
  • Evaluation of re-refined basestocks and lubricants and their key end-use segments
  • Analysis of market trends, growth drivers and restraints, and regulations
  • Evaluation of re-refined basestocks suppliers at the global and regional levels
  • Evaluation of market opportunities and challenges

Table of Contents

Introduction

Executive Summary

An overview of the report findings

Country/Regional Market Profiles

Detailed regional profiles focusing on key markets (listed in Table 1), including the following information:

  • Used oil market synopsis
  • Economic background
  • Vehicle population
  • Used oil and re-refining regulations
  • Finished lubricants demand, used oil generation, and re-refining material balances
  • Used oil generation, collection, and disposal
  • Used oil re-refining market overview
  • Used oil industry outlook
  • Market opportunities and challenges
TABLE 1: LIST OF COUNTRIES/REGIONS PROFILED
Brazil​ ​​​China
India Japan
Mexico ​​​U.S. and Canada
Western Europe

Report Benefits

This report assists used oil collectors, re-refiners, lubricants blenders, and marketers in identifying opportunities within the global used oil re-refining industry. It also serves as an invaluable tool in the strategic planning process. Specifically, it helps subscribers:

  • Develop business strategies by understanding the trends and developments that are driving
    the used oil re-refining market
  • Identify end-use markets and applications with high potential for growth and the challenges and barriers for catering to these opportunities
  • Recognize key competitors and evaluate their market position

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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.

Scope

  • 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

MODULE 1: SUPPLY-DEMAND ANALYSIS - a

Introduction 

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

MODULE 2: PRICING ANALYSIS - b

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

MODULE 3: MANUFACTURING COST ANALYSIS

Manufacturing Cost Analysis of Select Basestocks Plants

  • Europe Group I plant
  • North America Group II plant
  • Asia Group III plant

MODULE 4: MARKET PROFILES

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

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 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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