全球基础油市场 – 行业趋势及 2029 年预测

市场分析和规模

近年来，全球 II、III 和 IV 类油的生产能力大幅增加。此外，II 和 III 类基础油在自动变速箱发动机、重型卡车和乘用车的润滑剂配方中越来越受欢迎。因此，预计基础油的这些特性将在预期时期推动全球基础油市场的发展。

2021 年全球基础油市场价值为 340.1 亿美元，预计到 2029 年将达到 401.7 亿美元，在 2022-2029 年预测期内的复合年增长率为 2.10%。除了市场价值、增长率、细分市场、地理覆盖范围、市场参与者和市场情景等市场洞察外，Data Bridge 市场研究团队策划的市场报告还包括深入的专家分析、进出口分析、定价分析、生产消费分析和气候链情景。

报告范围和市场细分

Market Definition

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.

北美在市场份额和市场收入方面占据市场主导地位，并将在 2022-2029 年的预测期内继续保持主导地位。该地区市场的增长归因于有利法规的盛行，以提高燃油效率，以及该地区工业和汽车制造业对产品的采用不断增加。

另一方面，由于采用先进的加工技术以及该地区研发活动数量的不断增加，预计欧洲在 2022-2029 年的预测期内将呈现丰厚的增长。

报告的国家部分还提供了影响市场当前和未来趋势的各个市场影响因素和市场监管变化。下游和上游价值链分析、技术趋势和波特五力分析、案例研究等数据点是用于预测各个国家市场情景的一些指标。此外，在提供国家数据的预测分析时，还考虑了全球品牌的存在和可用性以及它们因来自本地和国内品牌的大量或稀缺竞争而面临的挑战、国内关税和贸易路线的影响。   

竞争格局和基础油市场份额分析

基础油市场竞争格局按竞争对手提供详细信息。详细信息包括公司概况、公司财务状况、收入、市场潜力、研发投资、新市场计划、全球影响力、生产基地和设施、生产能力、公司优势和劣势、产品发布、产品宽度和广度、应用主导地位。以上提供的数据点仅与公司对基础油市场的关注有关。

基础油市场的一些主要参与者包括

• 雪佛龙公司（美国）
• 埃克森美孚公司（美国）
• S-OIL CORPORATION（韩国）
• Motiva Enterprises LLC（美国）
• SK创新株式会社（韩国）
• 壳牌（荷兰）
• Neste（芬兰）
• 阿维斯塔石油德国有限公司（德国）
• 尼纳斯公司（瑞典）
• 雷普索尔（西班牙）
• Ergon, Inc.（美国）
• Calumet Specialty Products Partners, LP（美国）
• H&R集团（德国）
• 中国石化 (中国)
• 中国石油天然气股份有限公司 (中国)
• 沙特阿美公司 (沙特阿拉伯)
• 阿布扎比国家石油公司 (ADNOC)（阿联酋）
• PT Pertamina (Persero)（印度尼西亚）
• 菲利普斯 66 公司 (美国)
• 国家石油公司（PETRONAS）（马来西亚）

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