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Analysis of Global Automotive Lubricants and Additives Market, Forecast to 2024

Analysis of Global Automotive Lubricants and Additives Market, Forecast to 2024

High Growth of Vehicle Sales in Asia-Pacific and Latin America Drives Demand

RELEASE DATE
07-Mar-2018
REGION
Global
Research Code: MDA4-01-00-00-00
SKU: CM01523-GL-MR_21597
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Description

The automotive lubricants industry is one of the key industries of leading economies that supply to customer segments such as automotive original equipment manufacturers (OEMs), repair shops, distributors, commercial fleet owners, and individual vehicle owners. The key end-user segments covered in this study are passenger car motor oils (PCMO) and heavy duty diesel oils (HDDO).

The study is analyzed in terms of the two major vertical markets: lubricant additives and base oils. The major additive types used in these products are detergents, dispersants, antioxidants, viscosity index improvers (VIIs), and pour-point depressants (PPDs). The trend in use of various base-oil groups from Group I to Group V is analyzed. Lubricants are selected for a vehicle based on a variety of requirements such as durability, emission levels, length of drain intervals, and ability to improve fuel efficiency. The requirements vary depending on the customer preferences, global and regional regulatory landscape, and the brand and model of the car.

North America and Europe are matured markets for automotive lubricants and additives with plateaued growth. However, all major additive and lubricant suppliers such as the Lubrizol Corporation, Chevron Oronite, Infineum International, Royal Dutch Shell, and BP have huge manufacturing facilities and strong customer partnerships established in these regions. Asia-Pacific is the largest and the fastest growing market because of the growing urban population in the developing countries with increasing disposable incomes contributing to the high growth in sales of passenger cars and heavy duty diesel vehicles.

The market for automotive lubricants and additives is greatly impacted by Mega Trends such as economic recovery of Latin American and African countries, high growth in car sales of larger Asia-Pacific economies such as China and India, and increasing miles driven due to reduced fuel prices. The competitive environment in the lubricant additives market is highly skewed towards the larger market participants because of the high entry barrier for new entrants due to the significant amount of capital expenditure required. On the other hand, the lubricants market is highly fragmented among the smaller participants, while the major share of the market is held by a few global companies.

The automotive lubricants and additives face regulatory pressure from organizations such as US Environmental Protection Agency (US EPA) and REACH that mandate the use of products with reduced emissions. They are also mandated to adhere to the specifications put forth by organizations such as American Petroleum Institute (API), International Lubricants Standardization and Approval Committee (ILSAC), Japan Automobile Manufacturers Association (JAMA), and the European Automobile Manufacturers Association (ACEA). There is an increasing trend of customers demanding lower viscosity oils that also provide for higher drain intervals between oil changes. Manufacturers are increasingly investing in product development to enhance environmental sustainability and product efficiency.

The research analyzes the global automotive lubricants and additives market. Unit shipment and revenue forecasts have been provided for each segment from 2014 to 2024. At the sub-segment level, the analysis focuses on the major technologies, additive types, and base-oil groups used in these products. Competitive structure and market share data have been provided at the top level. The base year is 2017 and the forecast period ends at 2024.

Key Issues Addressed

  • What are the trends in major product types and end-use sectors in the automotive lubricants and additives market?
  • What are the major regulatory trends in the automotive lubricants and additives market?
  • What are the key factors driving and restricting growth in this market?
  • What are the trends in technology development?
  • Who are the key market participants in the automotive lubricants and additives market?
  • What are the regional trends in the market?

 

RESEARCH: INFOGRAPHIC

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Table of Contents

Key Findings

Executive Summary—Strategic Factsheet

Market Engineering Measurements—Lubricants Market

Market Engineering Measurements—Lubricants Market (continued)

Market Engineering Measurements—Lubricant Additives Market

Market Engineering Measurements—Lubricant Additives Market (continued)

Market Engineering Measurements—Base-oils Market

CEO’s Perspective

Market Definitions

Market Definitions (continued)

Market Definitions (continued)

Geographic Scope

Key Questions this Study will Answer

Market Segmentation

Market Drivers

Drivers Explained

Drivers Explained (continued)

Drivers Explained (continued)

Market Restraints

Restraints Explained

Restraints Explained (continued)

Restraints Explained (continued)

Market Engineering Measurements

Market Engineering Measurements (continued)

Forecast Assumptions

Revenue Forecast

Unit Shipment Forecast

Percent Unit Shipment Forecast by Vertical Market

Percent Revenue Forecast by Region

Revenue Forecast by Region

Percent Unit Shipment Forecast by Region

Unit Shipment Forecast by Region

Key Technology Trends

Value Chain

Value Chain Description

Automotive Lubricants and Additives—Regulations

Automotive Lubricants and Additives—Regulations Roadmap (ILSAC)

Automotive Lubricants and Additives—Regulations Highlights (API)

Automotive Lubricants and Additives—Regulations Highlights (SAE International)

Automotive Lubricants and Additives—Regulations Highlights (ACEA)

Automotive Lubricants and Additives—Regulations Highlights (OEMs and Environmental Regulators)

Automotive Lubricants—Viscosity Grade Trends

Market Share—Global Automotive Lubricants

Competitive Environment

Market Share—Global Automotive Lubricant Additives

Competitive Environment

Dynamic SWOT Analysis

Growth Opportunity 1—Robust Growth of Vehicle Fleet in Asia-Pacific and Latin America

Growth Opportunity 2—Demand for Higher Quality Additives and Base Oils in the Developed World

Strategic Imperatives for Success and Growth

Segment Overview

Market Engineering Measurements

Market Engineering Measurements (continued)

Segment Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Pricing Trends and Forecast

Additives Vertical Market—Key Trends

Competitive Environment

Segment Overview

Market Engineering Measurements

Segment Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Unit Shipment and Revenue Forecast Discussion (continued)

Pricing Trends and Forecast

Competitive Environment

North America Segment Characteristics and Overview

Market Engineering Measurements

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Unit Shipment and Revenue Forecast Discussion (continued)

Pricing Trends and Forecast

Pricing Trends and Forecast Discussion

Percent Revenue Forecast by Sub-region

Percent Revenue Forecast Discussion by Sub-region

Percent Revenue Forecast Discussion by Sub-region (continued)

Percent Unit Shipment Forecast by End-use Sector

Percent Unit Shipment and Revenue Forecast by End-use Sector Discussion

Percent Unit Shipment and Revenue Forecast by End-use Sector Discussion (continued)

Percent Unit Shipment Forecast by Additive Type

Unit Shipment Forecast by Additive Type Discussion

Percent Unit Shipment Forecast by Base-oil Group

Percent Unit Shipment Forecast Discussion by Base-oil Group

Percent Unit Shipment Forecast by Vertical Market

Percent Unit Shipment Forecast Discussion by Vertical Market

Competitive Environment

Competitive Environment (continued)

Europe Segment Characteristics and Overview

Market Engineering Measurements

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Unit Shipment and Revenue Forecast Discussion (continued)

Pricing Trends and Forecast

Pricing Trends and Forecast Discussion

Percent Revenue Forecast by Sub-region

Percent Revenue Forecast Discussion by Sub-region

Percent Revenue Forecast Discussion by Sub-region (continued)

Percent Unit Shipment Forecast by End-use Sector

Percent Unit Shipment and Revenue Forecast by End-use Sector Discussion

Percent Unit Shipment and Revenue Forecast by End-use Sector Discussion (continued)

Percent Unit Shipment Forecast by Additive Type

Unit Shipment Forecast by Additive Type Discussion

Percent Unit Shipment Forecast by Base-oil Group

Percent Unit Shipment Forecast Discussion by Base-oil Group

Percent Unit Shipment Forecast by Vertical Market

Percent Unit Shipment Forecast Discussion by Vertical Market

Competitive Environment

Competitive Environment (continued)

Asia-Pacific Segment Characteristics and Overview

Market Engineering Measurements

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Unit Shipment and Revenue Forecast Discussion (continued)

Pricing Trends and Forecast

Pricing Trends and Forecast Discussion

Percent Revenue Forecast by Sub-region

Percent Revenue Forecast Discussion by Sub-region

Percent Revenue Forecast Discussion by Sub-region (continued)

Percent Revenue Forecast Discussion by Sub-region (continued)

Percent Revenue Forecast Discussion by Sub-region (continued)

Percent Revenue Forecast Discussion by Sub-region (continued)

Percent Revenue Forecast Discussion by Sub-region (continued)

Percent Unit Shipment Forecast by End-use Sector

Percent Unit Shipment and Revenue Forecast by End-use Sector Discussion

Percent Unit Shipment and Revenue Forecast by End-use Sector Discussion (continued)

Percent Unit Shipment Forecast by Additive Type

Unit Shipment Forecast by Additive Type Discussion

Percent Unit Shipment Forecast by Base-oil Group

Percent Unit Shipment Forecast Discussion by Base-oil Group

Percent Unit Shipment Forecast by Vertical Market

Percent Unit Shipment Forecast Discussion by Vertical Market

Competitive Environment

Competitive Environment (continued)

Rest of World Segment Characteristics and Overview

Market Engineering Measurements

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Unit Shipment and Revenue Forecast Discussion (Continued)

Pricing Trends and Forecast

Pricing Trends and Forecast Discussion

Percent Revenue Forecast by Sub-region

Percent Revenue Forecast Discussion by Sub-region

Percent Revenue Forecast Discussion by Sub-region (continued)

Percent Revenue Forecast Discussion by Sub-region (continued)

Percent Revenue Forecast Discussion by Sub-region (continued)

Percent Revenue Forecast Discussion by Sub-region (continued)

Percent Unit Shipment Forecast by End-use Sector

Percent Unit Shipment and Revenue Forecast by End-use Sector Discussion

Percent Unit Shipment Forecast by Additive Type

Unit Shipment Forecast by Additive Type Discussion

Percent Unit Shipment Forecast by Base-oil Group

Percent Unit Shipment Forecast Discussion by Base-oil Group

Percent Unit Shipment Forecast by Vertical Market

Percent Unit Shipment Forecast Discussion by Vertical Market

Competitive Environment

Competitive Environment (continued)

The Last Word—3 Big Predictions

Legal Disclaimer

Market Engineering Methodology

Abbreviations and Acronyms Used

Abbreviations and Acronyms Used (continued)

Abbreviations and Acronyms Used (continued)

Learn More—Next Steps

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

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The automotive lubricants industry is one of the key industries of leading economies that supply to customer segments such as automotive original equipment manufacturers (OEMs), repair shops, distributors, commercial fleet owners, and individual vehicle owners. The key end-user segments covered in this study are passenger car motor oils (PCMO) and heavy duty diesel oils (HDDO). The study is analyzed in terms of the two major vertical markets: lubricant additives and base oils. The major additive types used in these products are detergents, dispersants, antioxidants, viscosity index improvers (VIIs), and pour-point depressants (PPDs). The trend in use of various base-oil groups from Group I to Group V is analyzed. Lubricants are selected for a vehicle based on a variety of requirements such as durability, emission levels, length of drain intervals, and ability to improve fuel efficiency. The requirements vary depending on the customer preferences, global and regional regulatory landscape, and the brand and model of the car. North America and Europe are matured markets for automotive lubricants and additives with plateaued growth. However, all major additive and lubricant suppliers such as the Lubrizol Corporation, Chevron Oronite, Infineum International, Royal Dutch Shell, and BP have huge manufacturing facilities and strong customer partnerships established in these regions. Asia-Pacific is the largest and the fastest growing market because of the growing urban population in the developing countries with increasing disposable incomes contributing to the high growth in sales of passenger cars and heavy duty diesel vehicles. The market for automotive lubricants and additives is greatly impacted by Mega Trends such as economic recovery of Latin American and African countries, high growth in car sales of larger Asia-Pacific economies such as China and India, and increasing miles driven due to reduced fuel prices. The competitive environment in the lubricant additives market is highly skewed towards the larger market participants because of the high entry barrier for new entrants due to the significant amount of capital expenditure required. On the other hand, the lubricants market is highly fragmented among the smaller participants, while the major share of the market is held by a few global companies. The automotive lubricants and additives face regulatory pressure from organizations such as US Environmental Protection Agency (US EPA) and REACH that mandate the use of products with reduced emissions. They are also mandated to adhere to the specifications put forth by organizations such as American Petroleum Institute (API), International Lubricants Standardization and Approval Committee (ILSAC), Japan Automobile Manufacturers Association (JAMA), and the European Automobile Manufacturers Association (ACEA). There is an increasing trend of customers demanding lower viscosity oils that also provide for higher drain intervals between oil changes. Manufacturers are increasingly investing in product development to enhance environmental sustainability and product efficiency. The research analyzes the global automotive lubricants and additives market. Unit shipment and revenue forecasts have been provided for each segment from 2014 to 2024. At the sub-segment level, the analysis focuses on the major technologies, additive types, and base-oil groups used in these products. Competitive structure and market share data have been provided at the top level. The base year is 2017 and the forecast period ends at 2024.--BEGIN PROMO--

Key Issues Addressed

  • What are the trends in major product types and end-use sectors in the automotive lubricants and additives market
  • What are the major regulatory trends in the automotive lubricants and additives market
  • What are the key factors driving and restricting growth in this market
  • What are the trends in technology development
  • Who are the key market participants in the automotive lubricants and additives market
  • What are the regional trends in the market

 

More Information
No Index No
Podcast No
Author Christeena Thomas
Industries Chemicals and Materials
WIP Number MDA4-01-00-00-00
Is Prebook No
GPS Codes 9800-A6,9100-A2,9869-A2,9801-A6,9595,9870
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