ASEAN, GCC, India, Africa Lubricants Market Research Report – Forecast Till 2023


ASEAN, GCC, India, Africa Lubricants Market Research Report Information: Base Oil (Mineral Oil) Application (Automotive) End-user (Energy) – Forecast Till 2023



Lubricants are indispensable to the proper functioning of machinery since they reduce wear and tear between different moving parts. They also reduce the downtime of operations, thereby improving the overall productivity. Industrial lubricants exhibit superior characteristics such as corrosion protection, demulsibility, and extended equipment life.
The ASEAN, Africa, India, and GCC lubricants market was valued at USD 22,940.1 million in 2017 and is projected to reach USD 29,532.9 million by the end of the assessment period at a CAGR of 4.30%. The growth of the market can be attributed to the growing industrial sector in the emerging economies and the rising awareness regarding the environmental and performance benefits associated with synthetic oils. Furthermore, the surging applications of lubricants in industries such as paper and mill, metal forming, foundry, mining, quarrying, energy, plastics, food & beverage, and machining are contributing to the revenue growth of the ASEAN, Africa, India, and GCC lubricants market. Moreover, the demand for lubricants is rising in the automotive industry as they offer reduced friction and prevent corrosion, which result in enhanced performance and fuel efficiency of automobiles. The growth of the automotive industry in ASEAN region and India can be attributed to the high disposable incomes and changing lifestyles.
However, the rising environmental concerns and regulations over contamination and environmental pollution associated with synthetic lubricants as well as the increasing adoption of electric vehicles are factors expected to restrain market growth during the forecast period.
Geographic Analysis
The market has been segmented, by geography, into ASEAN, GCC, Africa, and India. Among these, the Indian market accounted for over 36% of the market share and was valued at USD 8,145.9 million in 2017. It is projected to register the highest CAGR of 4.95% during the forecast period. The increasing production and sale of automobiles in India are expected to drive the growth of the market. Moreover, rapid industrialization and urbanization has resulted in increased residential and commercial construction, which is expected to boost the demand for lubricants.
The market in the ASEAN region was the second-largest with a market share of 27%, and was valued at USD 6,083.4 million in 2017; it is projected to register a healthy CAGR of 4.50%.
Based on base oil, the market has been segmented into mineral oil, synthetic oil, and bio-based oil. On the basis of application, the market has been divided into automotive and industrial. The automotive segment has been further categorized as engine oil, gear oil, transmission fluids, break oil, coolants, and greases, whereas the industrial segment has been classified as process oil, general industrial oil, metal working fluid, compressor oil, hydraulic oil, turbine oil, and others. By end-use industry, the market has been segmented into metal production, textiles, energy, chemical manufacturing, food processing, construction and mining, cement production, and general industrial manufacturing. Geographically, the market has been segmented into ASEAN, GCC, Africa, and India.
Key Players
Some of the key players operating in the ASEAN, Africa, India, and GCC lubricants market are PetroChina Company Ltd (China), Sinopec Corporation (China), Fuchs Petrolub SE (Germany), Phillips 66 Company (US), Lucas Oil Products, Inc. (US), Amsoil Inc. (US), Valvoline, Inc. (US), Clariant (Switzerland), Quaker Chemical Corporation (US), Calumet Specialty Products Partners, L.P (US), Chevron Corporation (Saudi Arabia), BP PLC (UK), Exxon Mobil Corporation (US), Royal Dutch Shell PLC (Netherlands), Total (France), Lukoil (Russia), Petronas (Malaysia), Yushiro Chemical Industry (Japan), Morris Lubricants (UK), Rock Valley Oil and Chemical Co. (US), Indian Oil Corporation Limited (India), and Gulf Oil India (India).
Geographic Analysis
The geographies covered in the report are:

o Malaysia
o Thailand
o Singapore
o Indonesia
o Vietnam
o Rest of ASEAN

• Africa
o Rest of North Africa
o South Africa
o Nigeria
o Tanzania
o Kenya
o Egypt
o Ghana
o Rest of Africa

• India

o Saudi Arabia
o Qatar
o Oman
o Kuwait
o Bahrain

Key Findings
the ASEAN, Africa, India, and GCC lubricants market is projected to reach USD 29,532.9 million at a CAGR of 4.30% during the review period. The mineral oil segment accounted for the largest market share of 86.62% in 2017, as this type of oil offers various advantages such as better solubility with additives, enhanced compatibility with seals, and low cost. The automotive application segment accounted for the larger market share of 57.52% in 2017, with a market value of USD 12,932.5 million and is projected to register the higher CAGR of 4.35%. The energy end-use industry segment accounted for the largest market share of 24.08% in 2017, with a market value of USD 5,414.8 million and is projected to exhibit a CAGR of 4.64% during the forecast period.

Intended Audience
• Lubricants manufacturers
• Lubricants distributors
• Appliances manufacturers
• Automotive manufacturers
• Potential investors
• Lubricants suppliers
• Nationalized laboratories
DC –Description
• Agricultural oil supply
• Engine oil supply
• Industrial oil supply
• Hydraulic oil supply
• Engine oil
• Gear oil
• Hydraulic oil
• Grease
• Cleaner
• Lubricant dispensing products

Table of Contents

Table of Contents:

1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
3 Market Insights
4 Research Methodology
4.1 Research Process
4.2 Primary Research
4.3 Secondary Research
4.4 Market Size Estimation
4.5 Forecast Model
5 Market Dynamics
5.1 Introduction
5.2 Drivers
5.2.1 Drivers Impact Analysis
5.2.2 Increasing demand from the automotive industry in ASEAN & South Africa
5.2.3 Strong Performance of Industrial Sector and Wide Application Scope of Lubricants
5.2.4 Increasing awareness linked with strict governmental regulations surging the sales ofsynthetic lubricants
5.3 Restraints
5.3.1 Restraints Impact Analysis
5.3.2 Rising environmental concerns regarding usage, disposal, and recycling of lubricants
5.3.3 Increasing prevalence of electric vehicles resulting in declining demand
5.4 Opportunities
5.4.1 Significant FDI in the ASEAN industrial sector
5.4.2 Sanguine demand for agricultural equipment in African region to offer lucrative opportunities
5.5 Challenge
5.5.1 High cost of bio-based lubricants
6 Market Factor Analysis
6.1 Porter’s Five Forces Model
6.1.1 Threat of New Entrants
6.1.2 Threat of Rivalry
6.1.3 Threat of Substitutes
6.1.4 Bargaining Power of Supplier
6.1.5 Bargaining Power of Buyer
6.2 Supply Chain Analysis
6.2.1 Raw Material Suppliers
6.2.2 Lubricants Manufacturers
6.2.3 Distribution Channel
6.2.4 End-User Industry
7 ASEAN, Africa, India, & G.C.C. Lubricants Market, By Base Oil
7.1 Introduction
7.2 Mineral Oil
7.3 Synthetic Oil
7.4 Bio Based Oil
8 ASEAN, Africa, India, & G.C.C. Lubricants Market, By Application
8.1 Introduction
8.2 Automotive
8.2.1 Engine Oil
8.2.2 Gear Oil
8.2.3 Transmission Fluids
8.2.4 Break Oil
8.2.5 Coolants
8.2.6 Greases
8.3 Industrial
8.3.1 Process Oil
8.3.2 General Industrial Oil
8.3.3 Metal Working Fluids
8.3.4 Industrial Engine Oil
8.3.5 Compressor Oil
8.3.6 Greases
8.3.7 Hydraulic Oil
8.3.8 Turbine Oil
8.3.9 Others
9 ASEAN, Africa, India, & G.C.C. Lubricants Market, By End Use
9.1 Introduction
9.2 Metal Production
9.3 Textile
9.4 Energy
9.5 Chemical Manufacturing
9.6 Food Processing
9.7 Construction & Mining
9.8 Cement Production
9.9 General Industrial Manufacturing
10 ASEAN, Africa, India, & G.C.C. Lubricants Market, By Region
10.1 Introduction
10.2 ASEAN
10.2.1 Malaysia
10.2.2 Thailand
10.2.3 Singapore
10.2.4 Indonesia
10.2.5 Vietnam
10.2.6 Rest of ASEAN
10.3 Africa
10.3.1 Rest of North Africa
10.3.2 South Africa
10.3.3 Nigeria
10.3.4 Tanzania
10.3.5 Kenya
10.3.6 Egypt
10.3.7 Ghana
10.3.8 Rest of Africa
10.4 India
10.5 G.C.C.
10.5.1 Saudi Arabia
10.5.2 UAE
10.5.3 Qatar
10.5.4 Oman
10.5.5 Kuwait
10.5.6 Bahrain
11 Competitive Landscape
11.1 Introduction
11.2 Market Strategy Analysis
11.3 Key Developments of Major Market Players
12 Company Profiles
12.1 PetroChina Company Ltd.
12.1.1 Company Overview
12.1.2 Financial Overview
12.1.3 Products Offerings
12.1.4 Key Developments
12.1.5 SWOT Analysis
12.1.6 Key Strategy
12.2 Sinopec Corporation
12.2.1 Company Overview
12.2.2 Financial Overview
12.2.3 Products Offerings
12.2.4 Key Developments
12.2.5 SWOT Analysis
12.2.6 Key Strategy
12.3 Fuchs Petrolub SE
12.3.1 Company Overview
12.3.2 Financial Overview
12.3.3 Products Offerings
12.3.4 Key Developments
12.3.5 SWOT Analysis
12.3.6 Key Strategy
12.4 Phillips 66 Company
12.4.1 Company Overview
12.4.2 Financial Overview
12.4.3 Products Offerings
12.4.4 Key Developments
12.4.5 SWOT Analysis
12.4.6 Key Strategy
12.5 Lucas Oil Products, Inc.
12.5.1 Company Overview
12.5.2 Financial Overview
12.5.3 Products Offerings
12.5.4 Key Developments
12.5.5 SWOT Analysis
12.5.6 Key Strategy
12.6.1 Company Overview
12.6.2 Financial Overview
12.6.3 Products Offerings
12.6.4 Key Developments
12.6.5 SWOT Analysis
12.6.6 Key Strategy
12.7 Valvoline, Inc.
12.7.1 Company Overview
12.7.2 Financial Overview
12.7.3 Products Offerings
12.7.4 Key Developments
12.7.5 SWOT Analysis
12.7.6 Key Strategy
12.8 Clariant
12.8.1 Company Overview
12.8.2 Financial Overview
12.8.3 Products Offerings
12.8.4 Key Developments
12.8.5 SWOT Analysis
12.8.6 Key Strategy
12.9 Quaker Chemical Corporation
12.9.1 Company Overview
12.9.2 Financial Overview
12.9.3 Products Offerings
12.9.4 Key Developments
12.9.5 SWOT Analysis
12.9.6 Key Strategy
12.1 Calumet Specialty Products Partners, L.P
12.10.1 Company Overview
12.10.2 Financial Overview
12.10.3 Products Offerings
12.10.4 Key Developments
12.10.5 SWOT Analysis
12.10.6 Key Strategy
12.11 Chevron Corporation
12.11.1 Company Overview
12.11.2 Financial Overview
12.11.3 Products Offerings
12.11.4 SWOT Analysis
12.11.5 Key Developments
12.11.6 Key Strategy
12.12 BP Plc
12.12.1 Company Overview
12.12.2 Financial Overview
12.12.3 Products Offerings
12.12.4 SWOT Analysis
12.12.5 Key Developments
12.12.6 Key Strategy
12.13 Exxon Mobil Corporation
12.13.1 Company Overview
12.13.2 Financial Overview
12.13.3 Products Offerings
12.13.4 Key Developments
12.13.5 SWOT Analysis
12.13.6 Key Strategy
12.14 Royal Dutch Shell Plc
12.14.1 Company Overview
12.14.2 Financial Overview
12.14.3 Products Offerings
12.14.4 Key Developments
12.14.5 SWOT Analysis
12.14.6 Key Strategy
12.15 Total S.A.
12.15.1 Company Overview
12.15.2 Financial Overview
12.15.3 Products Offerings
12.15.4 Key Developments
12.15.5 SWOT Analysis
12.15.6 Key Strategy
12.16 Lukoil
12.16.1 Company Overview
12.16.2 Financial Overview
12.16.3 Products Offerings
12.16.4 Key Developments
12.16.5 SWOT Analysis
12.16.6 Key Strategy
12.17 Petronas
12.17.1 Company Overview
12.17.2 Financial Overview
12.17.3 Products Offerings
12.17.4 Key Developments
12.17.5 SWOT Analysis
12.17.6 Key Strategy
12.18 Yushiro Chemical Industry
12.18.1 Company Overview
12.18.2 Financial Overview
12.18.3 Products Offerings
12.18.4 Key Developments
12.18.5 SWOT Analysis
12.18.6 Key Strategy
12.19 Morris Lubricants
12.19.1 Company Overview
12.19.2 Financial Overview
12.19.3 Products Offerings
12.19.4 Key Developments
12.19.5 SWOT Analysis
12.19.6 Key Strategy
12.2 Rock Valley Oil and Chemical Co.
12.20.1 Company Overview
12.20.2 Financial Overview
12.20.3 Products Offerings
12.20.4 Key Developments
12.20.5 SWOT Analysis
12.20.6 Key Strategy
12.21 Indian Oil Corporation Limited
12.21.1 Company Overview
12.21.2 Financial Overview
12.21.3 Products Offerings
12.21.4 Key Developments
12.21.5 SWOT Analysis
12.21.6 Key Strategy
12.22 Gulf Oil India
12.22.1 Company Overview
12.22.2 Financial Overview
12.22.3 Products Offerings
12.22.4 Key Developments
12.22.5 SWOT Analysis
12.22.6 Key Strategy
13 Conclusion

Additional information


Geography Covered

Date Published