Marché mondial des huiles de base – Tendances et prévisions de l’industrie jusqu’en 2029

Analyse et taille du marché

Ces dernières années, la capacité de production des huiles des groupes II, III et IV a considérablement augmenté dans le monde entier. De plus, les huiles de base des groupes II et III gagnent en popularité pour être utilisées dans les formulations de lubrifiants pour moteurs à transmission automatique, poids lourds et automobiles. Par conséquent, ces caractéristiques des huiles de base devraient stimuler le développement du marché mondial des huiles de base au cours de la période prévue.

Le marché mondial des huiles de base était évalué à 34,01 milliards USD en 2021 et devrait atteindre 40,17 milliards USD d'ici 2029, enregistrant un TCAC de 2,10 % au cours de la période de prévision 2022-2029. En plus des informations sur le marché telles que la valeur du marché, le taux de croissance, les segments de marché, la couverture géographique, les acteurs du marché et le scénario du marché, le rapport de marché organisé par l'équipe de recherche sur le marché de Data Bridge comprend également une analyse approfondie des experts, une analyse des importations/exportations, une analyse des prix, une analyse de la consommation de production et un scénario de chaîne climatique.

Portée du rapport et segmentation du marché

Définition du marché

Base oil is basically a refined petroleum mineral or synthetic material produced to a set of specifications by a refinery, typically lubricant base stock. Base oils are created by extracting and processing high viscosity material from vacuum gasoil or vacuum residence distillation cuttings. This necessitates one-of-a-kind processing through a variety of lubes plant units. The type of base oil used for refining and/or the production method used to produce the base oil can affect the quality of a lubricant. It is critical in terms of lubricant grade because base oils typically account for 70–97% of lubricant formulation.

Base oil 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

• Increased Utilisation Across Automotive Sector

Furthermore, the growing demand for high grade oils across the automotive industry is expected to fuel the growth of the base oil market. The demand for motor oils and lubricating greases that are compatible with fast-moving parts and high temperatures is being driven by advances in engine technology. Furthermore, engine oils that retain viscosity, reduce engine wear, and help ensure dependability are made with high-quality base oil and best-in-class additive technology. Therefore, the growing utilization of the base oils across the automotive industry is estimated to carve a way for the growth of the market.

The increasing adoption of group ll and group lll base oils coupled with the rapid industrialization across the globe will further propel the growth rate of base oil market. Additionally, the rising applications from developing economies and emerging markets will also drive market value growth. The base oils in Groups II and III are suitable for use in lubricant formulations for automatic transmission engines, heavy-duty trucks, and passenger automobiles, and various properties of Group II and III base oils are projected to bolster the growth of the market.

Opportunities

• Investments and Adoption of Technologies

Furthermore, the soaring investments by the various companies for the growth of the industrial sector as well as the surging levels of investment and high-scale transformation in the automotive industry extends profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the rising preferences towards bio-based oil from vegetable sources and adoption of gas to liquid technology will further expand the future growth of the base oil market.

Restraints/Challenges

• Fluctuations in Crude Oil Price

The majority of base oil types are mineral oil-based and are derived from oil prices. Because of the prevalence of COVID-19, the global economy crashed, as did the oil and gas industry. As a result, crude oil prices have reached new lows. Price volatility affects manufacturing companies' margins because base oil prices are heavily influenced by crude oil prices. Manufacturers benefit from higher crude oil prices, but the price change has a negative impact on the base oil market.

• Lower Demand For Group I Base Oils

There has been decline in demand for the Group I base oils owing to the high production of other groups such as Groups II, III, IV and V oils. Therefore, the declining demand for group I is projected to challenge the base oil market growth rate.

This base oil 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 base oil market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Base Oil Market

The recent outbreak of coronavirus had a negative impact on the base oil market. The pandemic has harmed the base oil market by reducing consumption and oversupply of refined petroleum products, as well as slowing economic development due to various global lockdown measures. Furthermore, the COVID-19 pandemic has halted more than 80% of North American automobile production. A similar situation exists in Europe and Asia Pacific. The demand for cars and commercial vehicles witnessed a decline, thus hampering the overall market growth. Also, the industrial sector has changed dramatically since December 2019 as a result of the COVID-19 pandemic, which has caused extreme economic uncertainty. Early signs of global economic fallout are visible in countries severely affected by the contagion. During the pandemic, industrial production, retail sales, and investment all fell dramatically, reducing demand for industrial oil. Additionally, the supply chain disruptions, logistics slowdowns, workforce unavailability, and reduced demand have slowed global industrial activity and impacted many industries, including all end-use industries of metalworking fluids. These determinants will weigh on the market's revenue trajectory over the forecast period.

On the brighter side, the market is witnessing a boost in growth due to decline in COVID cases.  The market is projected to continue growing at the same pace as the pre-pandemic levels. The suspended and cancelled operations will continue and as a result the market is estimated to expand and as a result, the market will flourish over forecast period.

Recent Development

• In August 2020, Chevron Products Company, a subsidiary of Novvi LLC and Chevron U.S.A. Inc., announced the production of the first 100 percent renewable base oil from Novvi's Deer Park, Houston facility using ISODEWAXING technology. The novel manufacturing process and molecules are expected to outperform conventional and synthetic base oils while also being made from renewable feedstocks.
• In July 2020, SWEPI LP, a Royal Dutch Shell subsidiary, has completed the sale of its Appalachia shale gas position to Seneca Resources Company, LLC and NFG Midstream Covington, LLC, both subsidiaries of National Fuel Gas Company, for USD 541 million to invest as an asset for quality base oil production.

Global Base Oil Market Scope

The base oil market is segmented on the basis of grade and application. 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.

Grade

• Group I
  • SN 150
  • BS 150
  • SN 250
  • SN 500
  • Others
• Group II
  • N 150
  • N 500
  • N 600
  • Others
• Group III
  • [2 cSt
  • 4 cSt
  • 6 cSt
  • 8 cSt
• Group IV (PAO)
• Group V (Excluding Naphthenic)
• Naphthenic
  • 35–60 SUS
  •  80–130 SUS
  •  200–300 SUS
  •  400–800 SUS
  • Above 1,200 SUS
• Re-Refined

Application

• Automotive Fluids
• Lubricants
• Gear Oils
• Transmission Fluids
• Power Steering Fluids
• Brake Fluids
• Others
• Process Oils
• Rubber Process Oils
• Textile Process Oils
• Industrial Oils
• Transformer Oils
• Turbine Oils
• Food Grade Oils
• Others
• Metalworking Fluids
• Emulsions
• Neat Oils
• Hydraulic Oils
• Petroleum-based
• Biodegradable
• Others

Base Oil Market Regional Analysis/Insights

The base oil market is analyzed and market size insights and trends are provided by country, grade and application as referenced above.

The countries covered in the base oil 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.

L'Amérique du Nord domine le marché en termes de part de marché et de chiffre d'affaires et continuera de renforcer sa domination au cours de la période de prévision de 2022 à 2029. La croissance du marché dans cette région est attribuée à la prévalence de réglementations favorables visant à améliorer l'efficacité énergétique ainsi qu'à l'adoption croissante de produits dans le secteur de la fabrication industrielle et automobile dans la région.

L’Europe, en revanche, devrait connaître une croissance lucrative au cours de la période de prévision 2022-2029, en raison de l’adoption de technologies de traitement avancées ainsi que du nombre croissant d’activités de recherche et développement dans la région.

La section pays du rapport fournit également des facteurs d'impact sur les marchés individuels et des changements dans la réglementation du marché qui ont un impact sur les tendances actuelles et futures du marché. Des points de données tels que l'analyse de la chaîne de valeur en aval et en amont, les tendances techniques et l'analyse des cinq forces du porteur, 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 mondiales 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 tout en fournissant une analyse prévisionnelle des données nationales.   

Analyse du paysage concurrentiel et des parts de marché des huiles de base

Le paysage concurrentiel du marché des huiles de base fournit des détails par concurrent. 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, la présence mondiale, les sites et installations de production, les capacités de production, les forces et les faiblesses de l'entreprise, le lancement du produit, la largeur et l'étendue du produit, la domination des applications. Les points de données ci-dessus fournis ne concernent que l'orientation des entreprises liée au marché des huiles de base.

Certains des principaux acteurs opérant sur le marché des huiles de base sont

• Chevron Corporation (États-Unis)
• Exxon Mobil Corporation (États-Unis)
• S-OIL CORPORATION (Corée du Sud)
• Motiva Enterprises LLC (États-Unis)
• SK innovation Co., Ltd. (Corée du Sud)
• Shell (Pays-Bas)
• Neste (Finlande)
• AVISTA OIL Deutschland GmbH (Allemagne)
• Nynas AB (Suède)
• Repsol (Espagne)
• Ergon, Inc. (États-Unis)
• Calumet Specialty Products Partners, LP (États-Unis)
• Groupe H&R (Allemagne)
• Sinopec Corp. (Chine)
• PetroChina Company Limited (Chine)
• Saudi Aramco (Arabie Saoudite)
• Compagnie pétrolière nationale d'Abou Dhabi (ADNOC) (EAU)
• PT Pertamina (Persero) (Indonésie)
• Société Phillips 66 (États-Unis)
• Petroliam Nasional Berhad (PETRONAS) (Malaisie)

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