Marché des lubrifiants en Europe et aux États-Unis – Tendances et prévisions du secteur jusqu’en 2030

Analyse et taille du marché des lubrifiants en Europe et aux États-Unis

Le marché devrait croître de manière significative au cours de la période de prévision de 2023 à 2030. Data Bridge Market Research analyse que le marché des lubrifiants en Europe et aux États-Unis croît avec un TCAC de 2,8 % au cours de la période de prévision de 2023 à 2030 et devrait atteindre 54 663,48 millions USD d'ici 2030. L'utilisation croissante de lubrifiants dans diverses industries a été le principal moteur du marché.

Le rapport sur le marché des lubrifiants en Europe et aux États-Unis fournit des détails sur la part de marché, les nouveaux développements et l'impact des acteurs du marché national et local, analyse les opportunités en termes de poches de revenus émergentes, de changements dans la réglementation du marché, d'approbations de produits, de décisions stratégiques, de lancements de produits, d'expansions géographiques et d'innovations technologiques sur le marché. Pour comprendre l'analyse et le scénario du marché, contactez-nous pour un briefing d'analyste. Notre équipe vous aidera à créer une solution d'impact sur les revenus pour atteindre votre objectif souhaité.

Définition du marché des lubrifiants en Europe et aux États-Unis

Les lubrifiants sont des composés organiques utilisés pour minimiser la friction et la génération de chaleur entre les surfaces en interaction. Ils peuvent également posséder des propriétés permettant de transmettre des forces et des particules ou de réguler la température, dans l'espoir de maintenir leur efficacité à des températures élevées.

Europe and U.S. Lubricants Market Dynamics

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

Drivers

• The Surge in Vehicle Manufacturing and Sales

The surge in vehicle manufacturing and sales has emerged as a significant driver for the market. This surge has several interrelated factors that contribute to its impact on the lubricants industry.

Rapid expansion of the automotive industry: The Europe and U.S. automotive industry has witnessed remarkable growth, driven by rising consumer demand, expanding middle-class populations in emerging economies, and increasing urbanization. There has been a surge in vehicle manufacturing to meet this demand, as more people aspire to own vehicles. This, in turn, leads to higher lubricant consumption, as vehicles require lubricants for engine performance and maintenance.

• Growing Industrialization Fuels Lubricant Usage in Machinery and Equipment

Growing industrialization is a pivotal driver for the market, significantly impacting lubricant consumption and the overall industry landscape. This driver encompasses a wide range of factors that underscore the symbiotic relationship between industrialization and lubricants.

Industrial Expansion - Industrialization with economic growth and the establishment of manufacturing facilities across various sectors, including automotive, machinery, aerospace, and energy. The demand for lubricants in machinery and equipment also grows, as industries expand.

Energy Sector - The energy sector, comprising oil and gas exploration, power generation, and renewable energy installations, relies heavily on lubricants for critical applications. Lubricants are essential in maintaining the integrity of equipment used in drilling, refining, and power generation processes.

Opportunities

• Escalating Demand for Sustainable and Bio-Based Lubricants

Escalating demand for sustainable and bio-based lubricants presents a significant opportunity for the market. Industries and consumers are actively seeking lubricant solutions that are not only effective but also environmentally friendly, as environmental concerns continue to gain momentum. This shift in demand has opened up several avenues for growth and innovation within the lubricants industry.

One of the key opportunities lies in the development and production of bio-based lubricants. These lubricants are derived from renewable resources such as plant oils, animal fats, and even microbial sources. Different from traditional mineral oil-based lubricants, bio-based lubricants have the advantage of being biodegradable and less harmful to the environment. They also offer improved biodegradability and reduced toxicity, making them a preferred choice in applications where environmental impact is a concern.

• Continued Industrial Expansion Offers a Substantial Market Growth Opportunity

Continued industrial expansion presents a substantial growth opportunity for the market. The demand for lubricants across various sectors is expected to surge, as economies evolve and industrialization remains a driving force. This opportunity arises from the indispensable role lubricants play in maintaining the efficiency, performance, and longevity of industrial machinery and equipment.

The rapid urbanization and infrastructure development witnessed in emerging economies. The need for heavy machinery and equipment increases significantly, as these countries invest in building and upgrading infrastructure, such as roads, bridges, airports, and manufacturing facilities. Lubricants are critical for ensuring the smooth operation of these machines, reducing friction, and preventing wear and tear. Moreover, the expansion of construction and infrastructure projects often requires specialized lubricants designed to withstand extreme conditions, further driving demand.

Restraints/Challenges

• Fluctuations in Crude Oil Prices Affect the Cost of Lubricant Production

Fluctuations in crude oil prices act as a significant restraint for the market. Crude oil serves as the primary raw material for lubricant production, and its price volatility can have profound implications for the industry. Several factors contribute to the restraint posed by crude oil price fluctuations.

For instance, Oil prices rose by USD 1 after Russia announced a ban on most fuel exports. Morgan Stanley increased its Brent forecast due to Saudi-Russia production cuts but cautioned that USD 100 per barrel was a "stretched" target.

Firstly, these fluctuations introduce variability in input costs. The cost of crude oil directly affects the manufacturing costs of base oils, additives, and other raw materials used in lubricant formulations. Such cost fluctuations can be sudden and unpredictable, challenging manufacturers to manage production expenses effectively. The uncertainty in crude oil prices creates pricing challenges. The lubricants market operates in a competitive environment, and rapid price changes in crude oil can disrupt pricing strategies. Manufacturers may find it challenging to pass on increased costs to customers promptly, potentially eroding profit margins during periods of rising crude oil prices.

• Highly Competitive Lubricant Industry Manufacturers Requires Constant Innovation and Differentiation

The market faces a formidable challenge driven by the highly competitive nature of the industry. Lubricant manufacturers operate in a dynamic environment where innovation and differentiation are essential for survival and success. This challenge is multi-faceted and demands continuous efforts to stay ahead in the fiercely competitive landscape.

The primary challenge in the market is the need for constant innovation. Lubricants play a critical role in machinery and equipment maintenance, and their performance directly impacts the efficiency, reliability, and lifespan of these assets. Lubricant manufacturers must continually innovate to develop formulations that address specific challenges and requirements, as industries and applications become more demanding and diverse.

Recent Development

• In June 2023, Shell Lubricants (Shell) and Ducati Corse cooperated to develop a new high-performance motorcycle oil particularly intended for the new Ducati Panigale V4 R with dry clutch – the closest production model to a racing motorcycle ever manufactured. It employs Shell's unique PurePlus technology to power and safeguard Ducati engines by minimizing friction to enhance power, preventing the engine from wear, and maintaining gearbox performance
• In September 2023, Lubmarine was at IMPA London 2023, a global gathering of maritime procurement experts. Visit Booth 15 to explore lubrication strategies supporting the industry's low-carbon transition beyond 2030
• In February 2023, CASTROL LIMITED announced a redesigned brand with a new appearance and feel. The brand makeover is intended to better represent the company's distinctive market positioning and the potential it sees in satisfying consumers' shifting requirements. Their dedication to investing in the future and providing new prospects for development and success is reflected in their refreshed brand identity
• In August 2022, Exxon Mobil Corporation established a strategic agreement with THINK Gas Distribution Pvt Ltd., a company specializing in the distribution of clean fuel to customers, to sell its line of Compressed Natural Gas (CNG) lubricants for passenger and commercial vehicles. This collaboration will make Mobil's specialty gas engine oil supplies available at THINK Gas-owned and managed outlets across India Regional Analysis

Europe and U.S. Lubricants Market Scope

The Europe and U.S. Lubricants market is categorized based on product, base oil, sales channel, and end-use. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

Product

• Engine Oils
• Hydraulic Oils
• Circulation Fluids
• Gear Oil
• Grease
• Metalworking Fluids
• Wind Turbine Oils
• Compressor Oils
• Gas Turbine Oils
• Heat Transfer Oils
• Rust Preventive Oils
• Others

On the basis of product, the market is segmented engine oil, hydraulic oil, circulation fluids, gear oil, grease, metalworking fluids, wind turbine oils, compressor oils, gas turbine oils, heat transfer oils, rust preventive oils, and others.

Base Oil

• Mineral Oil
• Synthetic Oil
• Semi-Synthetic Oil
• Bio-Based Oil

On the basis of base oil, the market is segmented into mineral oil, synthetic oil, semi-synthetic oil, and bio-based oil.

Canal de vente

• B2B
• B2C

Sur la base du canal de vente, le marché est segmenté en B2B et B2C.

Utilisation finale

• Automobile
• Fabrication générale
• Électricité/Service public
• Bâtiment et construction
• Marin
• Agriculture
• Exploitation minière
• Aviation/Aérospatiale
• Alimentation et boissons

Sur la base de l'utilisation finale, le marché est segmenté en automobile, fabrication générale, électricité/services publics, bâtiment et construction, marine, agriculture, exploitation minière, aviation/aérospatiale et alimentation et boissons.

Analyse/perspectives régionales du marché des lubrifiants en Europe et aux États-Unis

Le marché européen et américain des lubrifiants est segmenté en fonction du produit, de l’huile de base, du canal de vente et de l’utilisation finale.

Les pays couverts sur le marché des lubrifiants en Europe et aux États-Unis sont les États-Unis, l'Allemagne, le Royaume-Uni, la France, la Pologne et le reste de l'Europe.

L’Allemagne devrait dominer le marché en raison de la demande croissante dans l’industrie automobile.

La section pays du rapport fournit également des facteurs individuels d'impact sur le marché et des changements dans la réglementation du marché qui ont un impact sur les tendances actuelles et futures du marché. L'analyse des points de données en aval et en amont de la chaîne de valeur, l'analyse des tendances techniques des cinq forces de Porter et les études de cas sont quelques-uns des indicateurs utilisés pour prévoir le scénario de marché pour les différents pays. En outre, la présence et la disponibilité des marques régionales et les défis auxquels elles sont confrontées en raison de la concurrence importante ou rare des marques locales et nationales, l'impact des tarifs nationaux et les routes commerciales sont pris en compte lors de l'analyse prévisionnelle des données nationales.

Analyse du paysage concurrentiel et des parts de marché des lubrifiants en Europe et aux États-Unis

Le paysage concurrentiel du marché des lubrifiants en Europe et aux États-Unis fournit des détails sur les concurrents. Les détails inclus sont la présentation de l'entreprise, les finances de l'entreprise, les revenus générés, le potentiel du marché, les investissements dans la recherche et le développement, les nouvelles initiatives du marché, les sites et installations de production, les forces et les faiblesses de l'entreprise, le lancement de produits, les pipelines d'essais de produits, les approbations de produits, les brevets, la largeur et l'étendue du produit, la domination des applications, la courbe de survie technologique. Les points de données ci-dessus fournis ne concernent que l'orientation des entreprises par rapport au marché.

Certains des principaux acteurs du marché opérant sur le marché sont Exxon Mobil Corporation, Shell, TotalEnergies, Chevron Corporation, BP plc, FUCHS, Repsol, Eni SpA, Quaker Chemical Corporation d/b/a Quaker Houghton, Valvoline Inc., BASF SE et LANXESS, entre autres.

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