Frost Radar in the Global Lubricants Industry

Frost Radar in the Global Lubricants Industry

A Measurement System to Spark Companies 2 Action (C2A)—Innovation That Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
18-Nov-2019
REGION
Global
Research Code: MF11-01-00-00-00
SKU: CM01728-GL-MR_23779

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Description

This research benchmarks top participants in the global lubricants industry. Lubricants are integral to the smooth operations of vehicles, equipment, and systems in the automotive and transportation, industrial, agricultural, and heavy equipment spaces. Lubricants are materials that are primarily used to reduce friction between two or more components in a vehicle, machinery, or equipment to protect them from premature wear and tear. The main product types considered here include engine oil, transmission fluid, gear oil, hydraulic fluid, and greases.

Global market revenue is expected to reach $492.14 billion by 2026. Higher demand in the Asia-Pacific (APAC) region, especially from the automotive and transportation industry, is expected to propel much of this growth. APAC markets have been witnessing a surge in car sales over the past few years as urbanization increases and middle-class incomes grow, especially in the larger economies of China and India. Reductions in new car purchase taxes are an additional incentive.

Propelled by the surging demand for chemical, food and beverage, and pharmaceutical production in China and India, the APAC market for lubricants in the industrial sector is poised to gain significantly as well, with considerable investments by leading chemical manufacturers toward facility expansion and construction of new facilities.

Manufacturers of lubricants are increasingly moving toward higher-purity Group III and Group IV base oils due to the regulatory mandates demanding emission control and greenhouse gas reduction. A total of 28 companies are considered in this project; they range from global oil and gas giants to specialty manufacturers.

The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar methodology. The document presents competitive profiles on each of the companies in the Frost Radar based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.

Author: Christeena Thomas

Table of Contents

Industry Overview

Industry Overview (continued)

Industry Overview (continued)

Industry Overview (continued)

The Frost Radar

Frost Radar—Description of Companies Plotted

Petronas Lubricants International (PLI)

Royal Dutch Shell

BP p.l.c.

Total S.A.

JXTG Nippon Oil & Energy Corporation

Idemitsu Kosan Co., Ltd

ExxonMobil Corporation

Chevron Corporation

Sinopec Lubricant Company

The Phillips 66 Company

SK Innovation Co., Ltd

Fuchs Petrolub SE

Repsol Group

Valvoline

PJSC Rosneft Oil Company

Petro-Canada Lubricants Inc.

Indian Oil Corporation Ltd (IOCL)

PetroChina Company Limited

Hindustan Petroleum Corporation Limited (HPCL)

Gazprom Neft PJSC

Klüber Lubrication

Calumet Specialty Products Partners

PJSC Lukoil Oil Company

Motul

Gulf Oil International

Amsoil, Inc.

ADDINOL Lube Oil GmbH

Exol Lubricants Limited

The Last Word—Key Takeaways

Legal Disclaimer

Frost Radar—2 Major Indices, 10 Analytical Ingredients, 1 Platform

Frost Radar—2 Major Indices, 10 Analytical Ingredients, 1 Platform (continued)

Frost Radar—C2A

Related Research
This research benchmarks top participants in the global lubricants industry. Lubricants are integral to the smooth operations of vehicles, equipment, and systems in the automotive and transportation, industrial, agricultural, and heavy equipment spaces. Lubricants are materials that are primarily used to reduce friction between two or more components in a vehicle, machinery, or equipment to protect them from premature wear and tear. The main product types considered here include engine oil, transmission fluid, gear oil, hydraulic fluid, and greases. Global market revenue is expected to reach $492.14 billion by 2026. Higher demand in the Asia-Pacific (APAC) region, especially from the automotive and transportation industry, is expected to propel much of this growth. APAC markets have been witnessing a surge in car sales over the past few years as urbanization increases and middle-class incomes grow, especially in the larger economies of China and India. Reductions in new car purchase taxes are an additional incentive. Propelled by the surging demand for chemical, food and beverage, and pharmaceutical production in China and India, the APAC market for lubricants in the industrial sector is poised to gain significantly as well, with considerable investments by leading chemical manufacturers toward facility expansion and construction of new facilities. Manufacturers of lubricants are increasingly moving toward higher-purity Group III and Group IV base oils due to the regulatory mandates demanding emission control and greenhouse gas reduction. A total of 28 companies are considered in this project; they range from global oil and gas giants to specialty manufacturers. The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar methodology. The document presents competitive profiles on each of the companies in the Frost Radar based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients. Author: Christeena Thomas
More Information
No Index No
Podcast No
Author Christeena Thomas
Industries Chemicals and Materials
WIP Number MF11-01-00-00-00
Is Prebook No
GPS Codes 9100-A2,9869-A2,9595,9870