CATEGORY

Lubricants and Greases

The report covers in detail the market supply demand dynamics, supplier landscape, pricing analysis and procurement best practices across the industries for Global Lubricants and Greases

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Category Alerts


CATEGORY ALERTS

Brazil's base oil output declines while imports increase

August 18, 2022
alert level: Low
CATEGORY ALERTS

The second quarter of 2022 saw profits decline for Yushiro Chemical and KH Neochem in Japan by 63% and 61%, respectively

August 24, 2022
alert level: Low
CATEGORY ALERTS

Industry Releases Carbon Footprint Guidelines for Lubricant Chemical Products

September 28, 2022
alert level: Low

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Lubricants and Greases Market Monitoring Dashboard


Supply Demand

Understand the correlation between costs, margins, and prices impacting your category on a real time basis on Beroe LiVE.Ai™

Lubricants and Greases Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Lubricants and Greases category is 5.00%

Payment Terms

(in days)

The industry average payment terms in Lubricants and Greases category for the current quarter is 60.0 days

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Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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    Lubricants and Greases Suppliers


    7,921
    Total Suppliers
    277
    Diverse Suppliers
    100
    Normalized Supplier Rating
    Lubricants and Greases Supplier

    Find the right-fit lubricants and greases supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    Chevron Corporation
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    2
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    37

    100
    Limited (1)
    ESG Perfomance (/100)
    Environment
    33
    Social
    33
    Governance
    49
    6 Domains Performance (/100)
    Business behaviour
    39
    Human rights
    41
    Community Environment
    37
    Corporate governance
    56
    Human resources
    26
    Security Scorecard
    84

    Threat indicators
    B
    89
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    F
    59
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    B
    84
    Application Security
    Detecting common website application vulnerbilities
    B
    86
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    A
    97
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    B
    88
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    chevron.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    156
    Workforce Health Safety Issues
    0
    Product Service Issues
    60
    Human Rights Issues
    13
    Production Supply Chain Issues
    37
    Environmental Non Compliance Flags
    253
    Corruption Issues
    4
    Regulatory Non Compliance Flags
    126
    Fraud Issues
    6
    Labor Health Safety Flags
    26
    Regulatory Issues
    112
    Workforce Disputes
    11
    Sanctions
    4
    esg energy transition
    37
    Discrimination Workforce Rights Issues
    2
    esg controversies critical severity
    No

    Lubricants and Greases market report transcript


    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