Evolution of Electric Vehicles Transforming the Global Automotive Lubricants Industry

Evolution of Electric Vehicles Transforming the Global Automotive Lubricants Industry

Technology Strategy Focusing on Tailor-made Products for Electric and Hybrid Electric Vehicles

RELEASE DATE
18-Jan-2021
REGION
Global
Research Code: MFED-01-00-00-00
SKU: CM01849-GL-MT_25179

$2,450.00

Special Price $2,205.00 save 10 %

In stock
SKU
CM01849-GL-MT_25179

$2,450.00

$2,205.00 save 10 %

DownloadLink

Pay by invoice

ENQUIRE NOW

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 analyzes 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 of the use of various base-oil groups Group I (<90% saturates, >0.03% sulfur, 80-120 viscosity index (only mineral oils)), Group II (?90% saturates, ?0.03% sulfur, 80-120 viscosity index (only mineral oils)) and Group III (?90% saturates, ?0.03% sulfur, ?120 viscosity index (Includes synthetic oils and other oils)) 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 vehicle. This report tracks the industry’s transformation and seeks to identify future opportunities that exist for lubricant manufacturers. The study analyses the change in the product landscape because of the high growth of electric vehicles (EVs) and variants in the automotive industry. The market for automotive lubricants and additives is greatly impacted by other Mega Trends such as the Covid-19 pandemic, changing international trade relationships, sustainability targets adopted by governments and regulatory authorities, and the miles driven by end customers around the world. 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 finished lubricants market is highly fragmented amongst 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 the 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 the 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. Volume and revenue forecasts have been provided from 2017 to 2027. At the sub-segment level, the analysis focuses on the 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 2020 and the forecast period ends in 2027.

Author: Christeena Thomas

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
Click image to view it in full size

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on the Automotive Lubricants Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Global Automotive Lubricants Market—Scope of Analysis

Market Definitions

Geographic Scope

Key Growth Metrics for Automotive Lubricants Market

Implications of Covid-19 on the Global Automotive Lubricants Market

Other Major Factors Affecting the Global Automotive Lubricants Market

Global Automotive Lubricants Market—2018 Drivers vs. Current Status

Global Automotive Lubricants Market—2018 Drivers vs. Current Status (continued)

Global Automotive Lubricants Market—2018 Restraints vs. Current Status

Global Automotive Lubricants Market—2018 Restraints vs. Current Status (continued)

Market Forecast—Global Automotive Lubricants Market

Revenue Forecast by Component—Global Automotive Lubricants Market

Volume Forecast by Component—Global Automotive Lubricants Market

Percent Volume by Base-oils and Additives—Global Automotive Lubricants Market

Percent Volume by Base-oils and Additives—Global Automotive Lubricants Market (continued)

Demand Trends by Base Oil Groups 2020—North America

Demand Trends by Base Oil Groups 2020—Europe

Demand Trends by Base Oil Groups 2020—APAC

Demand Trends by Base Oil Groups 2020—Middle East

Percent Revenue Forecast by Region

Percent Volume Forecast by Region

Regional Forecast Discussion

Automotive Lubricants and Additives—Regulations

Automotive Lubricants and Additives—Recent Developments in Regulations

Value Chain

Value Chain Description

Automotive Lubricants Market—Competitive Environment

Automotive Lubricant Additives—Competitive Environment

Global Lubricants Market—Future Trends

Local-for-Local Production and Supply Powered by Strategic Partnerships with Local Stakeholders

Investment in Digital Technologies

Longer Drain Intervals

Opportunities for Lubricant Additives in the EV Market

Growth Opportunity 1—Lubricants for Electric Vehicles, 2020

Growth Opportunity 1—Lubricants for Electric Vehicles, 2020 (continued)

Growth Opportunity 2—Increased Focus on New and Refill Demand from On-road Commercial Vehicles, 2021

Growth Opportunity 2—Increased Focus on New and Refill Demand from On-road Commercial Vehicles, 2021 (continued)

Growth Opportunity 3—Dispersants and Base-oils to Reduce Viscosity of Lubricants, 2021

Growth Opportunity 3—Dispersants and Base-oils to Reduce Viscosity of Lubricants, 2021 (continued)

List of Exhibits

Legal Disclaimer

Related Research
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 analyzes 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 of the use of various base-oil groups Group I (<90% saturates, >0.03% sulfur, 80-120 viscosity index (only mineral oils)), Group II (≥90% saturates, ≤0.03% sulfur, 80-120 viscosity index (only mineral oils)) and Group III (≥90% saturates, ≤0.03% sulfur, ≥120 viscosity index (Includes synthetic oils and other oils)) 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 vehicle. This report tracks the industry’s transformation and seeks to identify future opportunities that exist for lubricant manufacturers. The study analyses the change in the product landscape because of the high growth of electric vehicles (EVs) and variants in the automotive industry. The market for automotive lubricants and additives is greatly impacted by other Mega Trends such as the Covid-19 pandemic, changing international trade relationships, sustainability targets adopted by governments and regulatory authorities, and the miles driven by end customers around the world. 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 finished lubricants market is highly fragmented amongst 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 the 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 the 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. Volume and revenue forecasts have been provided from 2017 to 2027. At the sub-segment level, the analysis focuses on the 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 2020 and the forecast period ends in 2027. Author: Christeena Thomas
More Information
No Index No
Podcast No
Author Christeena Thomas
Industries Chemicals and Materials
WIP Number MFED-01-00-00-00
Is Prebook No
GPS Codes 9800-A6,9100-A2,9869-A2,9801-A6,9595,9870