ASIA PACIFIC LUBRICANTS MARKET FORECAST 2019-2028

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ASIA PACIFIC LUBRICANTS MARKET FORECAST 2019-2028

The Asia Pacific lubricants market is anticipated to record a CAGR of 1.68%, during the forecast period. The key factors driving market growth in this region include rapid industrialization and urbanization, expanding population, an upsurge in the base oils market, and high growth in major end-use industries like chemicals, food processing, and textiles. The Asia Pacific lubricants market growth is determined by the analysis of China, Japan, Philippines, Malaysia, Vietnam, India, South Korea, Indonesia, Thailand, and the rest of Asia Pacific.

ASIA PACIFIC LUBRICANTS MARKET FORECAST 2019-2028

Asia Pacific Lubricants Market by Group (Group I, Group Ii, Group Iii, Group Iv, Group V) by Base Stock (Mineral Oil Lubricants, Synthetic Lubricants, Semi-synthetic Lubricants, Bio-based Lubricants) by Product Type (Engine Oil, Transmission and Hydraulic Fluids, Metalworking Fluids, General Industrial Oils, Gear Oil, Greases, Process Oils, Other Types) by End-user (Power Generation, Transportation, Heavy Equipment, Food and Beverage, Metallurgy and Metalworking, Chemical Manufacturing, Other End-users) and by Geography.

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The Asia Pacific lubricants market is anticipated to record a CAGR of 1.68%, during the forecast period. The key factors driving market growth in this region include rapid industrialization and urbanization, expanding population, an upsurge in the base oils market, and high growth in major end-use industries like chemicals, food processing, and textiles.
Asia Pacific Lubricants Market

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The Asia Pacific lubricants market growth is determined by the analysis of China, Japan, Philippines, Malaysia, Vietnam, India, South Korea, Indonesia, Thailand, and the rest of Asia Pacific. According to China’s Ministry of Industry and Information Technology, the country aims to prohibit all internal combustion engines (ICEs) due to rising pollution rates. Moreover, the trends within the alternatively powered vehicles are closely monitored by the lubricants industry, as engines powered by batteries do not need lubricants. The Chinese government is also endorsing regulations for driving product advancement, in the industrial as well as the automotive segment. With the growth of the construction sector in China, the demand for lubricants used for heavy equipment applications like, penetrating and coating wire rope lubricants, engine oil, diesel fuel, and bearing grease, among others, is increasing. Additionally, China has also witnessed an upsurge in power generation, which has subsequently raised the demand for lubricants used in power plants, such as synthetic and lubricating oil. Therefore, these factors are projected to drive the lubricants market growth in this region.

China Petroleum & Chemical Corporation, headquartered in Beijing, China, is an integrated chemical and energy enterprise, with downstream, midstream, and upstream operations. Their products include natural gas, crude oil, petrochemicals, and other petroleum products. In June 2019, the company entered an agreement with Novatek and Gazprombank to establish a joint venture focused on natural gas trading.

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  1. RESEARCH SCOPE & METHODOLOGY
    • STUDY OBJECTIVES
    • SCOPE OF STUDY
    • METHODOLOGY
    • ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    • MARKET SIZE & ESTIMATES
    • MARKET OVERVIEW
  3. MARKET DYNAMICS
    • DEVELOPMENT OF LUBRICANTS
    • MARKET DEFINITION
    •    KEY DRIVERS
      • NEED FOR HIGH PERFORMANCE LUBRICANTS ON RISE
      • GROWTH IN THE MARKET DUE TO INDUSTRIALIZATION OF DEVELOPING AND EMERGING COUNTRIES
    •    KEY RESTRAINTS
      • SLOWDOWN IN AUTOMOBILE INDUSTRY
      • LENGTHENING OF OIL DRAIN INTERVALS
      • DISRUPTIONS FROM ELECTRIC VEHICLE MARKET
  1. KEY ANALYTICS
    • KEY INVESTMENT INSIGHTS
    •    PORTER’S FIVE FORCE ANALYSIS
      • BUYER POWER
      • SUPPLIER POWER
      • SUBSTITUTION
      • NEW ENTRANTS
      • INDUSTRY RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
    • VALUE CHAIN ANALYSIS
    •    KEY BUYING CRITERIA
      • FUNCTION
      • INGREDIENTS
      • PARAMETERS
      • EASE OF USE
      • LONGEVITY
      • COST
    • REGULATORY FRAMEWORK
  2. MARKET BY GROUP
    • GROUP I
    • GROUP II
    • GROUP III
    • GROUP IV
    • GROUP V
  3. MARKET BY BASE STOCK
    • MINERAL OIL LUBRICANTS
    • SYNTHETIC LUBRICANTS
    • SEMI-SYNTHETIC LUBRICANTS
    • BIO-BASED LUBRICANTS
  4. MARKET BY PRODUCT TYPE
    • ENGINE OIL
    • TRANSMISSION AND HYDRAULIC FLUIDS
    • METALWORKING FLUIDS
    • GENERAL INDUSTRIAL OILS
    • GEAR OIL
    • GREASES
    • PROCESS OILS
    • OTHER TYPES
  5. MARKET BY END-USER
    • POWER GENERATION
    • TRANSPORTATION
    • HEAVY EQUIPMENT
    • FOOD AND BEVERAGE
    • METALLURGY AND METALWORKING
    • CHEMICAL MANUFACTURING
    • OTHER END-USERS
  6. GEOGRAPHICAL ANALYSIS
    •    ASIA PACIFIC
      • CHINA
      • INDIA
      • JAPAN
      • SOUTH KOREA
      • PHILLIPPINES
      • INDONESIA
      • MALAYSIA
      • THAILAND
      • VIETNAM
      • REST OF ASIA PACIFIC
  1. COMPANY PROFILES
    • AMSOIL INC
    • BASF SE
    • BHARAT PETROLEUM CORPORATION LIMITED
    • BP PLC
    • BLASER SWISSLUBE AG
    • CARL BECHEM GMBH
    • CHINA NATIONAL PETROLEUM CORPORATION
    • CHINA PETROLEUM & CHEMICAL CORPORATION (SINOPEC)
    • CHEVRON PHILLIPS CHEMICAL COMPANY LLC
    • ENI SPA
    • EXXON MOBIL CORPORATION
    • FUCHS
    • GAZPROM NEFT PJSC
    • GULF OIL CORPORATION LIMITED
    • HPCL
    • IDEMITSU KOSAN COMPANY LTD
    • INDIAN OIL CORPORATION LIMITED
    • ILLINOIS TOOL WORKS INC
    • JX NIPPON OIL & ENERGY CORPORATION
    • KLUBER LUBRICATION
    • SHELL CORP

TABLE LIST

TABLE 1: MARKET SNAPSHOT – LUBRICANTS

TABLE 2: REGULATORY FRAMEWORK

TABLE 3: ASIA PACIFIC LUBRICANTS MARKET, BY GROUP, HISTORICAL YEARS, 2016-2019 (IN KILOTONS)

TABLE 4: ASIA PACIFIC LUBRICANTS MARKET, BY GROUP, FORECAST YEARS, 2019-2028 (IN KILOTONS)

TABLE 5: ASIA PACIFIC LUBRICANTS MARKET, BY BASE STOCK, HISTORICAL YEARS, 2016-2019 (IN KILOTONS)

TABLE 6: ASIA PACIFIC LUBRICANTS MARKET, BY BASE STOCK, FORECAST YEARS, 2019-2028 (IN KILOTONS)

TABLE 7: ASIA PACIFIC LUBRICANTS MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2016-2019 (IN KILOTONS)

TABLE 8: ASIA PACIFIC LUBRICANTS MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2019-2028 (IN KILOTONS)

TABLE 9: ASIA PACIFIC LUBRICANTS MARKET, BY END-USER, HISTORICAL YEARS, 2016-2019 (IN KILOTONS)

TABLE 10: ASIA PACIFIC LUBRICANTS MARKET, BY END-USER, FORECAST YEARS, 2019-2028 (IN KILOTONS)

TABLE 11: ASIA PACIFIC LUBRICANTS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN KILOTONS)

TABLE 12: ASIA PACIFIC LUBRICANTS MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN KILOTONS)

FIGURES LIST       

FIGURE 1: DEVELOPMENT OF LUBRICANTS

FIGURE 2: FUNCTIONS OF LUBRICANTS

FIGURE 3: KEY INVESTMENT INSIGHTS

FIGURE 4: PORTER’S FIVE FORCE ANALYSIS

FIGURE 5: OPPORTUNITY MATRIX

FIGURE 6: VENDOR LANDSCAPE

FIGURE 7: VALUE CHAIN ANALYSIS

FIGURE 8: KEY BUYING CRITERIA

FIGURE 9: ASIA PACIFIC LUBRICANTS MARKET, GROWTH POTENTIAL, BY GROUP, IN 2019

FIGURE 10: ASIA PACIFIC LUBRICANTS MARKET, BY GROUP I, 2019-2028 (IN KILOTONS)

FIGURE 11: ASIA PACIFIC LUBRICANTS MARKET, BY GROUP II, 2019-2028 (IN KILOTONS)

FIGURE 12: ASIA PACIFIC LUBRICANTS MARKET, BY GROUP III, 2019-2028 (IN KILOTONS)

FIGURE 13: ASIA PACIFIC LUBRICANTS MARKET, BY GROUP IV, 2019-2028 (IN KILOTONS)

FIGURE 14: ASIA PACIFIC LUBRICANTS MARKET, BY GROUP V, 2019-2028 (IN KILOTONS)

FIGURE 15: ASIA PACIFIC LUBRICANTS MARKET, GROWTH POTENTIAL, BY BASE STOCK, IN 2019

FIGURE 16: ASIA PACIFIC LUBRICANTS MARKET, BY MINERAL OIL LUBRICANTS, 2019-2028 (IN KILOTONS)

FIGURE 17: ASIA PACIFIC LUBRICANTS MARKET, BY SYNTHETIC LUBRICANTS, 2019-2028 (IN KILOTONS)

FIGURE 18: ASIA PACIFIC LUBRICANTS MARKET, BY SEMI-SYNTHETIC LUBRICANTS, 2019-2028 (IN KILOTONS)

FIGURE 19: ASIA PACIFIC LUBRICANTS MARKET, BY BIO-BASED LUBRICANTS, 2019-2028 (IN KILOTONS)

FIGURE 20: ASIA PACIFIC LUBRICANTS MARKET, GROWTH POTENTIAL, BY PRODUCT TYPE, IN 2019

FIGURE 21: ASIA PACIFIC LUBRICANTS MARKET, BY ENGINE OIL, 2019-2028 (IN KILOTONS)

FIGURE 22: ASIA PACIFIC LUBRICANTS MARKET, BY TRANSMISSION AND HYDRAULIC FLUIDS, 2019-2028 (IN KILOTONS)

FIGURE 23: ASIA PACIFIC LUBRICANTS MARKET, BY METALWORKING FLUIDS, 2019-2028 (IN KILOTONS)

FIGURE 24: ASIA PACIFIC LUBRICANTS MARKET, BY GENERAL INDUSTRIAL OILS, 2019-2028 (IN KILOTONS)

FIGURE 25: ASIA PACIFIC LUBRICANTS MARKET, BY GEAR OIL, 2019-2028 (IN KILOTONS)

FIGURE 26: ASIA PACIFIC LUBRICANTS MARKET, BY GREASES, 2019-2028 (IN KILOTONS)

FIGURE 27: ASIA PACIFIC LUBRICANTS MARKET, BY PROCESS OILS, 2019-2028 (IN KILOTONS)

FIGURE 28: ASIA PACIFIC LUBRICANTS MARKET, BY OTHER TYPES, 2019-2028 (IN KILOTONS)

FIGURE 29: ASIA PACIFIC LUBRICANTS MARKET, GROWTH POTENTIAL, BY END-USER, IN 2019

FIGURE 30: ASIA PACIFIC LUBRICANTS MARKET, BY POWER GENERATION, 2019-2028 (IN KILOTONS)

FIGURE 31: ASIA PACIFIC LUBRICANTS MARKET, BY TRANSPORTATION, 2019-2028 (IN KILOTONS)

FIGURE 32: ASIA PACIFIC LUBRICANTS MARKET, BY HEAVY EQUIPMENT, 2019-2028 (IN KILOTONS)

FIGURE 33: ASIA PACIFIC LUBRICANTS MARKET, BY FOOD AND BEVERAGE, 2019-2028 (IN KILOTONS)

FIGURE 34: ASIA PACIFIC LUBRICANTS MARKET, BY METALLURGY AND METALWORKING, 2019-2028 (IN KILOTONS)

FIGURE 35: ASIA PACIFIC LUBRICANTS MARKET, BY CHEMICAL MANUFACTURING, 2019-2028 (IN KILOTONS)

FIGURE 36: ASIA PACIFIC LUBRICANTS MARKET, BY OTHER END-USERS, 2019-2028 (IN KILOTONS)

FIGURE 37: ASIA PACIFIC LUBRICANTS MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 38: CHINA LUBRICANTS MARKET, 2019-2028 (IN KILOTONS)

FIGURE 39: INDIA LUBRICANTS MARKET, 2019-2028 (IN KILOTONS)

FIGURE 40: JAPAN LUBRICANTS MARKET, 2019-2028 (IN KILOTONS)

FIGURE 41: SOUTH KOREA LUBRICANTS MARKET, 2019-2028 (IN KILOTONS)

FIGURE 42: PHILLIPPINES LUBRICANTS MARKET, 2019-2028 (IN KILOTONS)

FIGURE 43: INDONESIA LUBRICANTS MARKET, 2019-2028 (IN KILOTONS)

FIGURE 44: MALAYSIA LUBRICANTS MARKET, 2019-2028 (IN KILOTONS)

FIGURE 45: THAILAND LUBRICANTS MARKET, 2019-2028 (IN KILOTONS)

FIGURE 46: VIETNAM LUBRICANTS MARKET, 2019-2028 (IN KILOTONS)

FIGURE 47: REST OF ASIA PACIFIC LUBRICANTS MARKET, 2019-2028 (IN KILOTONS)

  1. GEOGRAPHICAL ANALYSIS
    •    ASIA PACIFIC
      • CHINA
      • INDIA
      • JAPAN
      • SOUTH KOREA
      • PHILLIPPINES
      • INDONESIA
      • MALAYSIA
      • THAILAND
      • VIETNAM
      • REST OF ASIA PACIFIC
  1. MARKET BY GROUP
    • GROUP I
    • GROUP II
    • GROUP III
    • GROUP IV
    • GROUP V
  2. MARKET BY BASE STOCK
    • MINERAL OIL LUBRICANTS
    • SYNTHETIC LUBRICANTS
    • SEMI-SYNTHETIC LUBRICANTS
    • BIO-BASED LUBRICANTS
  3. MARKET BY PRODUCT TYPE
    • ENGINE OIL
    • TRANSMISSION AND HYDRAULIC FLUIDS
    • METALWORKING FLUIDS
    • GENERAL INDUSTRIAL OILS
    • GEAR OIL
    • GREASES
    • PROCESS OILS
    • OTHER TYPES
  4. MARKET BY END-USER
    • POWER GENERATION
    • TRANSPORTATION
    • HEAVY EQUIPMENT
    • FOOD AND BEVERAGE
    • METALLURGY AND METALWORKING
    • CHEMICAL MANUFACTURING
    • OTHER END-USERS

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