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Lubricants and Greases
Market, Supplier, Risk and
Competitive Intelligence

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Abi will answer all Lubricants and Greases related
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Get up-to-date market and supplier info on Lubricants and Greases to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

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Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

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Assess Supplier Risk based on key risk and compliance parameters

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Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

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Measure category performance on 15 key parameters across cost, risk and strategy KPIs

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Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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Abi will answer all Lubricants and Greases related
procurement queries with relevant data points

Abi - AI powered digital procurement assistant

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Get up-to-date market and supplier info on Lubricants and Greases to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

1

Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

manage-risk

Assess Supplier Risk based on key risk and compliance parameters

1

Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

2

Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

discover-supplier

Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

1

Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

assess-category-perforamnce

Benchmark your category performance against peers and the market

1

Measure category performance on 15 key parameters across cost, risk and strategy KPIs

source-market-indices

Get information on key factors affecting your supply

1

Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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Report Coverage

  • Global Demand by Application
  • Global Trade Dynamics
  • Factors Affecting the Lubricants Market
  • US Industrial Lubricant market
  • Regional Market Snapshot
  • Porter's Five Forces Analysis – North America

Production Size

Production Size North America

6.9 MMT

Production Size Europe

6.1 MMT

Production Size Latin America (LATAM)

3.3 MMT

Table of contents

  1. Lubricants and Greases Executive Summary
  2. Global Market Outlook
  3. Supply Market Outlook
  4. Demand Market Outlook
  5. Industry Best Practice
  6. COVID-19 Impact

 

  1. Lubricants and Greases Global Lubricant Market Analysis
  2. Global Market Outlook
  3. Synthetic Oil Market
  4. Regional Market Outlook [North America, Europe and Asia]
  5. Porter’s Five Forces Analysis

 

  1. Lubricants and Greases Global overview of Synthetic Lubricants
  2. Cost and Price Analysis [North America, Europe and Asia]
  3. Cost Structure Analysis
  4. Cost Drivers for Lubricants

 

  1. Food Grade Lubricants and Greases
  2. Food Grade Lubricants – Value Chain Analysis
  3. Regulatory Environment governing Food Grade Lubes
  4. Grease - Category Definition
  5. Grease Global Market Analysis

 

  1. Lubricants and Greases Industry Best Practices and RFI Inputs
  2. Contract Structures
  3. Engagement Models
  4. RFI Inputs

 

  1. Lubricants and Greases Sustainability Initiatives
  2. Avenues of Sustainability
  3. Sustainability Practices

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Global Market Outlook on Lubricants and Greases

  • Global lubricant supply stood at 36.7 MMT in 2018. Demand is expected to grow at a CAGR of (0.5)–1 percent CAGR until 2021
  • The market is expected to decline in 2020, due to lower automotive and industrial demand, owing the COVID-10 pandemic.
  • The demand could pick up in 2021
  • China is the largest producing region in the world followed by the USA. China and USA constitutes around one third of the global lubricant production

Demand Market Outlook

  • Lubricant prices and availability is highly driven by the lubricant stock (base oil) in the region. The US and Europe have shifted their base oil stock to Group 2 and Group 3 stocks respectively, while Asian and LATAM markets continue using Group 1 and Group 3 stocks

Global Market Size–Lubricants 

  • The global lubricant market reached $148 billion in 2016, and is projected to rise to $167 billion by 2021

  • Asia Pacific remains the largest market for lubricants. The Middle East and Africa have seen the fastest growth of lubricant demand

  • The increasing number of passenger and commercial vehicles and more disposable income in the developing economies will drive the Lubricant demand in the coming years

Global Industrial Lubricants

  • The Global Industrial Lubricants Market is expected to grow with the CAGR of approximately 2.4% from 2017 to 2022
  • Prominent trends that the market is witnessing include the evolution of bio-based lubricants, the improvement of low-viscosity lubricants to fit present machinery, demand for polyamide resins in industrial applications and growth opportunities/investment opportunities
  • Hydraulic lubricants segment accounts for the largest share in the global industrial lubricants market mainly due to its low cost as compared to the other lubricants. Additionally, the growing demand of hydraulic lubricants from construction and mining industry, is also fueling the growth of the market.
  • Hydraulic lubricants segment and metal working fluid segment is expected to grow at the fastest pace. The growth is mainly due to the rising demand for metals in the automotive industry.
  • On the basis of End Users, global industrial lubricants market is segmented into automotive, manufacturing, heavy industries, power generation and others. Automotive sector dominates the end user segment of global industrial lubricants market mainly due to high demand for industrial lubricants form automotive sector.
  • Power generation sector is also expected to be the fastest growing end use sector of the industrial lubricants market. Rising demand for energy across the globe ultimately fueling the demand of industrial lubricants in the power generation industry.
  • Power plants require industrial lubricants that can provide superior performance, water resistance, with high corrosion inhibition. The use of industrial lubricants such as compressor oil, turbine oil, hydraulic oil grease and others in power generation industry, ensures the highest efficiency and operating reliability.

Global Supply–Demand Analysis

  • Global lubricant supply stands at 36.4 MMT for 2016. The market is oversupplied on a global scale, with about 2.0 MMT of excess capacity in 2015

  • Demand is expected to see a negative growth of –0.5 to –1.5 percent (CAGR) until 2017–2018, post which, the lubricant market is anticipated to grow modestly from 0 to 0.75 percent until 2021, due to slower growth in the African and LATAM region and slow economic recovery in the European and North American countries

Capacity

  • On the capacity front, about ~2.3 MMT of capacity is expected to be added to the global Lubricant supply base by 2021
  • Complete capacity addition of 2.3 MMT is expected to be based on the Group 2 and Group 3 base stock producing high performance lubricants
  • Growing environmental regulations against emission have led to lubricant producers in the Middle East and Asia focusing on adding capacities at their plant locations in order to meet global demand. Many US refiners are upgrading to produce customized lubricants

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