This study analyzes the US synthetic lubricant and functional fluid industry. It presents historical demand data (2000, 2005, 2010) and forecasts for 2015 and 2020 by fluid type (e.g., engine oils, heat transfer, hydraulic and transmission, metalworking, dielectric), material (e.g., glycols, polyalphaolefins, Group III base oils) and market (e.g., vehicles and equipment, metal fabrication, energy/power generation). The study also considers market environment factors, details industry structure, evaluates company market share and profiles industry competitors.
US demand to reach $7.6 billion in 2015
Demand for synthetic lubricants and functional fluids is forecast to reach $7.6 billion in 2015, expanding the share of the overall lubricant market held by synthetic products. Advances will be propelled by the higher performance requirements of modern equipment, as well as increasingly stringent environmental standards. Gains will also be fueled by the increased availability of high quality basestocks due to growing investment in new basestock capacity, both in the US and overseas. As the supply of these materials expands, original equipment manufacturers (OEMs) are becoming more willing to recommend the use of high performance synthetic products, particularly as OEMs make steps toward global specifications.
Engine oil to remain fastest growing product
Engine oil will remain the fastest growing product type through 2015. These lubricants primarily find use in automotive applications and will therefore benefit from a rebound in motor vehicle output from the declines of the 2005-2010 period, as well as continued gains in the number of motor vehicles in use. The adoption of the GF-5 and API SN engine oil specifications in 2010 and the development of General Motors’ proprietary DEXOS1 certified engine oil will further promote gains. Such standards have been created to enhance fuel efficiency and reduce engine emissions, thus helping OEMs to comply with emissions regulations and corporate average fuel economy standards. In addition to GM, which now requires synthetic motor oil for nearly all of its vehicles, other leading vehicle manufacturers such as Toyota and Honda are also making the transition. This will drive demand for synthetics in the engine oil market through the forecast period.
Synthetic Lubricant And Functional Fluids Industry
Published: February 2012
No.OF Pages: 282
Price: Single User License US$4900
Preliminary Table of Contents / List of Tables & Charts
Introduction
Executive Summary
1 Summary Table
Market Environment
General
Macroeconomic Outlook
Demographic Trends
Consumer Spending Trends
Manufacturing Trends
Competitive Products
Environmental & Regulatory Issues
Recycling & Re-Refining
Engine Oil Specifications
Pricing Trends
Foreign Trade & International Activity
LIST OF TABLES & CHARTS:
1 Macroeconomic Indicators
2 Population & Households
3 Personal Consumption Expenditures
4 Manufacturers’ Shipments
5 Synthetic Functional Fluid Pricing Trends Cht Synthetic Lubricant & Functional Fluid Pricing Volatility by Product
6 Synthetic Functional Fluid Foreign Trade
PRODUCTS
General
Engine Oils
Gasoline Engine Oils
Diesel Engine Oils
Oils for Other Engines
Heat Transfer Fluids
Low Temperature
High Temperature
Hydraulic & Transmission Fluids
Transmission Fluids
Product Characteristics
Demand
Hydraulic Fluids
Metalworking Fluids
Product Characteristics
Demand
Metal Removal Fluids
Metal Forming Fluids
Other Metalworking Fluids
Dielectric Fluids
Other
Compressor Lubricants
Turbine Lubricants
Gear Lubricants
All Other
LIST OF TABLES & CHARTS:
1 Synthetic Lubricant & Functional Fluid Demand by Product Cht Synthetic Lubricant & Functional Fluid Demand by Product, 2010
2 Synthetic Engine Oil Demand by Engine Type
3 Synthetic Gasoline Engine Oil Demand by Chemical & Market
4 Synthetic Diesel Engine Oil Demand by Chemical & Market
5 Other Synthetic Engine Oil Demand by Chemical & Market
6 Synthetic Heat Transfer Fluid Demand
7 Synthetic Low Temperature Heat Transfer Fluid Demand by Chemical & Market
8 Synthetic High Temperature Heat Transfer Fluid Demand
9 Synthetic Hydraulic & Transmission Fluid Demand by Product, Chemical & Market
10 Synthetic Metalworking Fluid Demand
11 Synthetic Metal Removal Fluid Demand
12 Synthetic Metal Forming Fluid Demand
13 Other Synthetic Metalworking Fluid Demand
14 Synthetic Dielectric Fluid Demand
15 Other Synthetic Lubricants & Functional Fluid Demand by Chemical & Market
MATERIALS
General
Glycols
Polyalphaolefins
Group III Base Oils
Esters
Silicone Fluids
Aromatics
Other
LIST OF TABLES & CHARTS:
1 Synthetic Lubricant & Functional Fluid Demand by Material Cht Synthetic Lubricant & Functional Fluid Demand by Material, 2010
2 Glycol-Based Synthetic Lubricant & Functional Fluid Demand
3 Polyalphaolefin-Based Synthetic Lubricant & Functional Fluid Demand
4 Group III Base Oil-Based Synthetic Lubricant & Functional Fluid Demand
5 Ester-Based Synthetic Lubricant & Functional Fluid Demand
6 Silicone-Based Synthetic Lubricant & Functional Fluid Demand
7 Aromatics-Based Synthetic Lubricant & Functional Fluid Demand
8 Other Synthetic Lubricants, Fluids, Additives & Blending Components Demand
MARKETS
General
Vehicles & Equipment
Motor Vehicle & Industrial Equipment Outlook
Synthetic Lubricant & Functional Fluid Demand
Light Vehicles
Aircraft/Aerospace
Medium- & Heavy-Duty Vehicles
Industrial Machinery
Off-Highway Vehicles
Construction Equipment
Mining Equipment
Agricultural Equipment
Other
Metal Fabrication
Metal Fabrication Industry Outlook
Synthetic Lubricant & Functional Fluid Demand
Energy/Power Generation
Energy/Power Generation Industry Outlook
Synthetic Lubricant & Functional Fluid Demand
Process Industries
Process Manufacturing Industry Outlook
Synthetic Lubricant & Functional Fluid Demand
HVAC/Refrigeration Systems
HVAC/Refrigeration Industry Outlook
Synthetic Lubricant & Functional Fluid Demand
Other
LIST OF TABLES & CHARTS:
1 Synthetic Lubricant & Functional Fluid Demand by Market Cht Synthetic Lubricant & Functional Fluid Demand by Market, 2010
2 Vehicle & Equipment Indicators
3 Vehicle & Equipment Market for Synthetic Lubricants & Functional Fluids Cht Vehicle & Equipment Market for Synthetic Lubricants & Functional Fluids, 2010
4 Light Vehicle Market for Synthetic Lubricants & Functional Fluids
5 Aircraft/Aerospace Market for Synthetic Lubricants & Functional Fluids
6 Medium & Heavy Duty Vehicle Market for Synthetic Lubricants & Functional Fluids
7 Industrial Machinery Market for Synthetic Lubricants & Functional Fluids
8 Off-Highway Vehicle Market for Synthetic Lubricants & Functional Fluids
9 Other Vehicle & Equipment Markets for Synthetic Lubricants & Functional Fluids
10 Fabricated Metal Product Shipments
11 Metal Fabrication Market for Synthetic Lubricants & Functional Fluids
12 Energy/Power Generation Indicators
13 Energy/Power Generation Market for Synthetic Lubricants & Functional Fluids
14 Process Manufacturers’ Shipments
15 Process Industries Market for Synthetic Lubricants & Functional Fluids
16 HVAC/Refrigeration Industry Outlook
17 HVAC/Refrigeration Market for Synthetic Lubricants & Functional Fluids
18 Synthetic Functional Fluids Demand in Other Markets
INDUSTRY STRUCTURE
General
Market Share
Competitive Strategies
Research & Development
Chemical Management Services
Merger & Acquisition Activity
Manufacturing
Marketing
Synthetic Engine Oil
Brand Name Recognition
Sports Sponsorship
Antifreeze
Other Synthetic Fluids Marketing Strategies
Distribution
LIST OF TABLES & CHARTS:
1 Synthetic Lubricant & Functional Fluid Sales by Company, 2010 Cht Synthetic Lubricant & Functional Fluid Market Share, 2010
2 Research & Development Spending Patterns: Selected Synthetic Fluids Companies
3 Selected Acquisitions & Divestitures
Company Profiles