Mercado global de especialidades de refinería de aceite lubricante: tendencias de la industria y pronóstico hasta 2029

Análisis y tamaño del mercado de las especialidades de las refinerías de aceite lubricante

Las especialidades del mercado de refinería de aceite lubricante han experimentado un crecimiento moderado en los últimos años. Además, con otros avances y desarrollos de los actores clave para mejorar su participación en el mercado, se estima que el mercado crecerá en gran medida durante el período de pronóstico.

El mercado mundial de especialidades de refinería de aceite lubricante se valoró en USD 9.45 mil millones en 2021 y se espera que alcance los USD 11.79 mil millones para 2029, registrando una CAGR del 2,80% 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.

Especialidades del mercado de refinería de aceite lubricante Alcance y segmentación

Definición de mercado

The lube oil refinery specialties are the byproducts of lube oil refining. These goods are made up of several hydrocarbon compounds. White oil, paraffin wax, slack wax, and anti-ozone wax are some of the available goods. Lube oil is frequently used to lubricate motorized vehicles' engines and lessen friction between mechanical parts.

Specialties of Lube Oil Refinery Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Expanding Automotive And Cosmetic Industries

The need for lubricating oil refinery products has increased as a result of growing demand from the cosmetic and automotive industries. Since lubricants are widely utilized in automobiles to improve performance and fuel efficiency, lube oil is in high demand in the automotive industry. Cosmetics frequently use lube oils. The demand for lubricating oils in cosmetics was supported by the $511 billion global beauty market in 2021. Therefore, the specialty lube oil refinery market is being driven by the expanding automotive and cosmetic industries.

Furthermore, the widespread usage of lube oils in laxatives, chewing gums, and oily papers is a major reason fueling the expansion of the market for lube oil refinery specialty. Lube oils also have strong moisturizing qualities, making them appropriate for use in cosmetics and skin care products. As a result, the worldwide specialty lube oil refinery market has grown in response to growth in the cosmetics sector. Additionally, a rise in disposable income fueled a surge in car demand has also contributed to the market's expansion.

Opportunities

• Increased Investments And Development Of Bio-Based Lubricants

Furthermore, the increased investments across the green refineries extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the development of bio-based lubricants due to the rising environmental concerns will further expand the future growth of the specialties of lube oil refinery market.

Restraints/Challenges

• Impact on Human Health and Environment

The lube oil refinery market specialties are being constrained by the growing concerns about the effects of crude oil on the environment and human health. As a non-renewable resource, crude oil is considered very unsustainable because it is the source of paraffin wax. Additionally, it is the cause of several environmental disasters, oil spills, and climate change. Before being turned into wax, paraffin, a petroleum waste product, must be chemically bleached and deodorized.

• Shrinking Supply Of Paraffin Wax

The shrinking supply of paraffin wax will create hindrances for the growth of the specialties of lube oil refinery market.

• High Preference for Synthetic And Bio-Based Waxes

The increasing demand for synthetic and bio-based waxes will prove to be a demerit for the specialties of lube oil refinery market, which will challenge the specialties of lube oil refinery market growth rate.

This specialties of lube oil refinery 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 specialties of lube oil refinery 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 Specialties of Lube Oil Refinery Market

The recent outbreak of coronavirus had a negative impact on the specialties of lube oil refinery market. The lack of raw materials and the increase in price largely hampered the market for lubricating oil refineries' specialty products. According to a report from the Global Energy Agency, the pandemic crisis decreased worldwide oil consumption by over 30 million barrels per day. Additionally, the manufacturing of lubricating oil has been hindered in a number of nations, which has an effect on the production of refined specialty. The end-user industry's decreased demand impacts the market. For instance, consumer spending on cosmetics is lower than usual, negatively affecting wax demand. By 2020, the global beauty industry's revenues had decreased by 20 to 30 percent.

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 July 2021, for heavy-duty and off-highway diesel engines, Valvoline Inc. has introduced a new diesel engine oil called "Valvoline All-Terrain." The product can provide improved viscosity, wear protection, and oxidation stability in demanding situations because it was created for use in hard working environments like construction, mining, and agricultural.
• In April 2021, IMM Private Equity agreed to purchase SK Innovation's 40% share in SK Lubricants for around one trillion won ($900 million). The largest provider of lubrication base oils in the world is SK Lubricants, a South Korean corporation. With this agreement, SK Innovation intends to increase its financial stability and finance future ventures. Private equity company IMM Private Equity is based in South Korea.

Global Specialties of Lube Oil Refinery Market Scope

The specialties of lube oil refinery market is segmented on the basis of type, oil and end-user. 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

• Fully Refined Wax
• White Oil
• Rubber Process Oil
• Slack Wax
• Semi Refined Wax
• Petrolatum
• Microcrystalline Wax
• Others

 Oil

• Group I Base Oil
• Group II Base Oil
• Group III Base Oil

 End-User

• Automotive
• Pharmaceutical
• Textile
• Cosmetic
• Food and Beverages
• Packaging

Specialties of Lube Oil Refinery Market Regional Analysis/Insights

The specialties of lube oil refinery market is analyzed and market size insights and trends are provided by country, type, oil and end-user as referenced above.

The countries covered in the specialties of lube oil refinery market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

América del Norte domina el mercado en términos de participación de mercado e ingresos de mercado y seguirá fortaleciendo su dominio durante el período de pronóstico de 2022 a 2029. El crecimiento del mercado en esta región se atribuye a la creciente demanda de fabricación de velas, procesamiento de caucho y al aumento de las actividades de investigación y desarrollo dentro de la región.

Por otra parte, se estima que Asia-Pacífico mostrará un crecimiento lucrativo durante el período previsto de 2022 a 2029, debido al creciente ingreso per cápita de la población y a la rápida urbanización en la 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 de la cuota de mercado de las refinerías de aceite lubricante y sus especialidades

El panorama competitivo del mercado de las especialidades de refinería de aceite lubricante 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 la 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 las especialidades del mercado de refinería de aceite lubricante.

Algunos de los principales actores que operan en las especialidades del mercado de refinería de aceite lubricante son

• Corporación Exxon Mobil (Estados Unidos)
• Shell (Países Bajos)
• Total SA (Francia)
• Cargill Incorporated (Estados Unidos)
• Lubricantes Nye, Inc. (Estados Unidos)
• BP plc (Reino Unido)
• Emery Oleochemicals (Malasia)
• FUCHS (Alemania)
• Panolin AG (Suiza)
• Kluber (Alemania)
• Clariant (Suiza)
• Polnox Corp (Estados Unidos)
• RSC Bio Solutions, (Estados Unidos)
• Corporación química Quaker (Estados Unidos)
• Castrol Limited (Reino Unido)
• TotalEnergies (Francia)
• BioBlend Renewable Resources, LLC (Estados Unidos)

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