Global Lubricants and Base Oil Market: Trends & Opportunities (2013-2018)

The report titled “Global Lubricants and Base Oil Market: Trends & Opportunities (2013-2018)” analyzes the global lubricants and base oil market, with focus on demand for lubricants in different region across the globe. The key market challenges recognized by the analysts and the major trends of the lubricants and base oil market are presented in the report. The report also includes the competitive landscape of the global base oil capacities and analyzes the business strategies of the leading lubricants and base oil players.

Globally, the market for lubricants is expected to surpass the pre-crises level of demand by 2016 and the Asia-Pacific region will demonstrate an unmatched growth in the lubricants market. While Asia-Pacific market for lubricants will be driven by the growing population of the region coupled with rising economic level, the North American and Western European region is expected to decline owing to their being mature markets, decline or average growth in production and sales of vehicles and also the closure of lubricant manufacturing plants.

Gradually, the demand for bio-lubricants is increasing with more awareness of its advantages despite being expensive in comparison to crude oil. Moreover, several global players have also started emphasizing on the application of bio-lubricants. The global base oil (classified into five segments namely, Group I, Group II, Group III, Group IV and Group V) market that has witnessed fluctuations in the recent past is expected to grow moderately in the future. The market share of Group I base oil is declining year-on-year while market share of Group II/III base oils are accelerating with new engines formulation and certain other factors.