Mercado mundial de lubricantes terminados: tendencias de la industria y pronóstico hasta 2029

Análisis y tamaño del mercado de lubricantes terminados

La mayor demanda de motores de alto rendimiento es el aspecto principal del aumento de los ingresos del mercado de lubricantes terminados . La economía de combustible y las normas de emisiones fomentarán el crecimiento del mercado. Los lubricantes terminados forman un aspecto vital de la industria de lubricantes en todo el mundo. El lubricante terminado se diferencia de otros aceites y lubricantes debido a sus propiedades. Los lubricantes terminados también brindan ventajas de seguridad y rendimiento en altas temperaturas de trabajo para reducir el riesgo de incendio. La industria energética es el mayor consumidor de lubricantes terminados en todo el mundo.

Data Bridge Market Research analiza que el mercado de lubricantes terminados se valoró en USD 155,78 millones en 2021 y se espera que alcance los USD 209,94 millones para 2029, registrando una CAGR del 3,80% durante el período de pronóstico de 2022 a 2029. Además de la información sobre escenarios de mercado como el valor de mercado, la tasa de crecimiento, la segmentación, la cobertura geográfica y los principales actores, los informes de mercado seleccionados por Data Bridge Market Research también incluyen un análisis experto en profundidad, producción y capacidad por empresa representada geográficamente, diseños de red de distribuidores y socios, análisis detallado y actualizado de tendencias de precios y análisis de déficit de la cadena de suministro y la demanda.

Alcance y segmentación del mercado de lubricantes terminados

Market Definition

A lubricant is a substance that help to reduce friction between surfaces in mutual contact. This ultimately reduces the heat generated when the surfaces move. It may also have the function of transporting foreign particles, transmitting forces, or heating or cooling the surfaces. Finished lubricants are high-performance lubricants used in those applications encountering high heat. These lubricants are anticipated to maintain their qualities at high temperatures.

Global Finished Lubricant Market Dynamics

Drivers

• Increasing demand of finished lubricant in automotive sector

Finished lubricants are widely used in automotive applications such as transmission, passenger car motor, and heavy-duty diesel engines. Finished lubricants are also used in automobile processing such as chain and piston movement. The demand for the finished lubricants is likely to be mostly driven by the growth in the demand for automobiles all over the globe. Finished lubricant are effective in high-temperature environments and provide high heat resistance which are expected to boost the market growth rate.

• Growing usage of finished lubricant due to excellent properties

The demand for the finished lubricant increases due to their quality which depends on certain properties such as high boiling point, thermal stability, hydraulic stability, high viscosity index, and high resistance to oxidation. These factors aid in diminishing the friction in several applications, which is also responsible for the augmented demand for finished lubricant globally. The increased usage of finished lubricant because of their excellent properties is anticipated to enhance market growth.

Moreover, rise in demand of high-performance engine, expansion of refinery capacities and increasing emission and fuel economy norms in emerging economies are other major factors expected to drive the finished lubricant market growth during the forecast period of 2022-2029.

Opportunities

• Rising demand for bio-based finished lubricant

The launch of innovative finished lubricants, such as bio-based lubricants with improved features, is expected to give the lift to the market in upcoming period. Numerous innovative finished lubricants have already been released by some of the industry's which is leading manufacturing companies.The increasing demand for environment-friendly and bio-based finished lubricant will create new and ample opportunities for market growth. The rising demand for those finished lubricant manufactured using non-toxic and renewable materials with low sulfur levels is a considerable boost in the finished lubricant market in upcoming years.

Restraints/ Challenges

• Growing demand for hybrid vehicle or battery operated vehicle

 The growing demand for hybrid vehicle and the battery-operated vehicle is gradually reducing the demand for the IC engine, which will intensely impact the demand for the finished lubricant during the forecast period. The strict vehicle emission standards and initiatives for ban of diesel engine in some areas are highly restraining the growth of the finished lubricants market in the above mentioned forecast period.

This finished lubricant market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the finished lubricant market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Finished Lubricant Market

The ongoing COVID-19 pandemic disrupted the production and supply chain activities which have seen a minor setback yet the use will improve with the economic recovery during pandemic. This pandemic has caused a severe impact on the global economy at many levels and the impact is seen on end-user industries as well.  

The finished lubricant market growth is also expected to be slightly affected by the pandemic and is probable to witness drop in demand. The number of end-user industries has affected by supply and shortage in demand which are expected to result in a drop in growth of the global finished lubricant market

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In May 2022, Shell Plc signed a contract with PJSC LUKOLI. In this agreement, Shell Plc sold Shell Neft LLC, a lubricant business in Russia. This deal includes 411 retail stations in the North-western regions of Russia.
• In May 2022, Chevron Corporation declared its partnership with the PT Pertamina of Indonesia to explore the opportunities for potential lower carbon business in Indonesia, Pertmania and Chevron  plan to consider carbon offsets and geothermal technologies through nature-based solutions,
• On June 13, 2022, Chevron Corporation announced the completion of its acquisition of the Renewable Energy Group, Inc. This acquisition made Chevron leading renewable company in the U.S. Chevron now provides lower carbon solutions and an expanded suite of cost-effectiveness to consumers.

Global Finished Lubricant Market Scope

The finished lubricant market is segmented on the basis of type, product and end-use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Synthetic Oil
• Mineral Oil
• Bio Based Oil

Product

• Engine Oil
• Hydraulic Fluid
• Metalworking Fluid
• Gear Oil
• Compressor Oil
• Grease
• Turbine Oil
• Others

End-Use Industry

• Transportation
• Industrial

Finished Lubricant Market Regional Analysis/Insights

The finished lubricant market is analysed and market size insights and trends are provided by country, type, product and end-use industry as referenced above.

Los países cubiertos en el informe del mercado de lubricantes terminado son EE. UU., Canadá y México en América del Norte, Alemania, Francia, Reino Unido, Países Bajos, Suiza, Bélgica, Rusia, Italia, España, Turquía, Resto de Europa en Europa, China, Japón, India, Corea del Sur, Singapur, Malasia, Australia, Tailandia, Indonesia, Filipinas, Resto de Asia-Pacífico (APAC) en Asia-Pacífico (APAC), Arabia Saudita, Emiratos Árabes Unidos, Sudáfrica, Egipto, Israel, Resto de Medio Oriente y África (MEA) como parte de Medio Oriente y África (MEA), Brasil, Argentina y Resto de América del Sur como parte de América del Sur.

La región de Asia y el Pacífico domina el mercado de lubricantes terminados en términos de participación de mercado. Esto se debe al aumento de la población, acompañado de un aumento de las actividades de infraestructura y del gasto industrial en esta región.

Se espera que América del Norte sea la región con un desarrollo más rápido durante el período de pronóstico de 2022 a 2029 debido al crecimiento de la industria de la construcción y del automóvil en esta región. Se espera que la creciente demanda de lubricantes terminados en aplicaciones energéticas, automotrices e industriales sea alta en esta región.

La sección de países del informe también proporciona factores de impacto de mercado individuales y cambios en la regulación del mercado que afectan las tendencias actuales y futuras del mercado. Los puntos de datos como el análisis de la cadena de valor ascendente y descendente, las tendencias técnicas y el análisis de las cinco fuerzas de Porter, los estudios de casos son algunos de los indicadores utilizados para pronosticar el escenario del mercado para países individuales. Además, la presencia y disponibilidad de marcas globales y sus desafíos enfrentados debido a la competencia grande o escasa de las marcas locales y nacionales, el impacto de los aranceles nacionales y las rutas comerciales se consideran al proporcionar un análisis de pronóstico de los datos del país.   

Análisis del panorama competitivo y de la cuota de mercado de lubricantes terminados

El panorama competitivo del mercado de lubricantes terminados proporciona detalles por competidor. Los detalles incluidos son una descripción general de la empresa, las finanzas de la empresa, los ingresos generados, el potencial de mercado, la inversión en investigación y desarrollo, las nuevas iniciativas de mercado, la presencia global, los sitios e instalaciones de producción, las capacidades de producción, las fortalezas y debilidades de la empresa, el lanzamiento de productos, la amplitud y variedad de productos, el dominio de las aplicaciones. Los puntos de datos anteriores proporcionados solo están relacionados con el enfoque de las empresas en relación con el mercado de lubricantes terminados.

Algunos de los principales actores que operan en el mercado de lubricantes terminados son:

• Shell PLC. (Reino Unido)
• BP plc (Reino Unido)
• FUCHS (Alemania)
• Petroliam Nasional Berhad (Patrocinadores) (Malasia)
• Lubrita Europe BV (Europa)
• Lubricantes Liberty (Estados Unidos)
• Corporación Petroquímica de China (China)
• TotalEnergies (Francia)
• Corporación ExxonMobil (Estados Unidos)
• Compañía Phillips 66 (Estados Unidos)
• Corporación petrolera india Ltd. (India)
• Idemitsu Kosan Co., Ltd. (Japón)
• Corporación Chevron (Estados Unidos)
• Corporación de exploración de petróleo y gas JX Nippon (Japón)
• Lubricación Klüber India Pvt. Ltd. (India)
• Corporación de petróleo mineral (India)
• Valvoline (Estados Unidos)
• ENEOS Holdings, Inc. (Japón)

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