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Report
Europe and U.S. Lubricants Market - Industry Trends and Forecast to 2030
Market Report I 2023-09-01 I 109 Pages I Data Bridge Market Research
The Europe lubricants market is expected to reach USD 27,382.11 million by 2030 from USD 22,111.01 Million in 2022, growing at a CAGR of 2.7% during the forecast period of 2023 to 2030.
Market Segmentation
Europe Lubricants Market, By 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, and Others), Base Oil (Mineral Oil, Synthetic Oil, Semi-Synthetic Oil, and Bio-Based Oil), Sales Channel (B2B and B2C), End Use (Automotive, General Manufacturing, Electrical/Utility, Building & Construction, Marine, Agriculture, Mining, Aviation/Aerospace, and Food & Beverages), Country (Germany, U.K., France, Poland, and rest of Europe) - Industry Trends and Forecast to 2030
Overview of Europe Lubricants Market Dynamics
Drivers
- The surge in vehicle manufacturing and sales
- The expanding aerospace and defense sectors demand high-performance lubricant
Restraints
- Fluctuations in crude oil prices affect the cost of lubricant production
- Highly competitive lubricant industry manufacturers require constant innovation and differentiation
Opportunities
- Escalating demand for sustainable and bio-based lubricants
- Continued industrial expansion offers a substantial market growth opportunity
Market Players
Some of the major market players operating in the Europe lubricants market are:
- Exxon Mobil Corporation
- Shell
- TotalEnergies
- Chevron Corporation
- BP p.l.c.
- FUCHS
- Repsol
- Eni S.p.A.
- Quaker Chemical Corporation d/b/a Quaker Houghton
- Valvoline Inc.
- BASF SE
- LANXESS
The U.S. lubricants market is expected to reach USD 27,281.38 million by 2030 from USD 21,682.18 Million in 2022, growing at a CAGR of 2.9% during the forecast period of 2023 to 2030.
Market Segmentation
U.S. Lubricants Market, By 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, and Others), Base Oil (Mineral Oil, Synthetic Oil, Semi-Synthetic Oil, and Bio-Based Oil), Sales Channel (B2B and B2C), End Use (Automotive, General Manufacturing, Electrical/Utility, Building & Construction, Marine, Agriculture, Mining, Aviation/Aerospace, and Food & Beverages), Country (U.S.) - Industry Trends and Forecast to 2030
Overview of U.S. Lubricants Market Dynamics
Drivers
- Growing industrialization fuels lubricant usage in machinery and equipment
- The expansion of transportation networks contributes to higher lubricant consumption
Restraints
- Increasing environmental consciousness
- Resistance to switching from conventional lubricants to more expensive alternatives
Opportunities
- Escalating demand for sustainable and bio-based lubricants
- The continuous evolution of lubricant technology
Market Players
Some of the major market players operating in the U.S. lubricants market are listed below:
- Exxon Mobil Corporation
- Shell
- TotalEnergies
- Chevron Corporation
- BP p.l.c.
- FUCHS
- Repsol
- Eni S.p.A.
- Quaker Chemical Corporation d/b/a Quaker Houghton
- Valvoline Inc.
- BASF SE
- LANXESS
TABLE OF CONTENTS
1 INTRODUCTION 8
1.1 OBJECTIVES OF THE STUDY 8
1.2 MARKET DEFINITION 8
1.3 OVERVIEW OF THE EUROPE AND U.S. LUBRICANTS MARKET 8
1.4 LIMITATIONS 10
1.5 MARKETS COVERED 10
2 MARKET SEGMENTATION 16
2.1 MARKETS COVERED 16
2.2 GEOGRAPHICAL SCOPE 17
2.3 YEARS CONSIDERED FOR THE STUDY 17
2.4 CURRENCY AND PRICING 18
2.5 DBMR TRIPOD DATA VALIDATION MODEL 19
2.6 MULTIVARIATE MODELLING 22
2.7 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 23
2.8 DBMR MARKET POSITION GRID 24
2.9 MARKET END USE COVERAGE GRID 28
2.10 SECONDARY SOURCES 30
2.11 ASSUMPTIONS 30
3 EXECUTIVE SUMMARY 31
4 PREMIUM INSIGHTS 33
5 MARKET OVERVIEW 35
5.1 DRIVERS 37
5.1.1 THE SURGE IN VEHICLE MANUFACTURING AND SALES 37
5.1.2 GROWING INDUSTRIALIZATION FUELS LUBRICANT USAGE IN MACHINERY AND EQUIPMENT 38
5.1.3 THE EXPANSION OF TRANSPORTATION NETWORKS CONTRIBUTES TO HIGHER LUBRICANT CONSUMPTION 39
5.1.4 THE EXPANDING AEROSPACE AND DEFENSE SECTORS DEMAND HIGH-PERFORMANCE LUBRICANT 40
5.2 RESTRAINTS 41
5.2.1 FLUCTUATIONS IN CRUDE OIL PRICES AFFECT THE COST OF LUBRICANT PRODUCTION 41
5.2.2 INCREASING ENVIRONMENTAL CONSCIOUSNESS 42
5.3 OPPORTUNITIES 43
5.3.1 ESCALATING DEMAND FOR SUSTAINABLE AND BIO-BASED LUBRICANTS 43
5.3.2 CONTINUED INDUSTRIAL EXPANSION OFFERS A SUBSTANTIAL MARKET GROWTH OPPORTUNITY 44
5.3.3 THE CONTINUOUS EVOLUTION OF LUBRICANT TECHNOLOGY 45
5.4 CHALLENGES 46
5.4.1 HIGHLY COMPETITIVE LUBRICANT INDUSTRY MANUFACTURERS REQUIRES CONSTANT INNOVATION AND DIFFERENTIATION 46
5.4.2 RESISTANCE TO SWITCHING FROM CONVENTIONAL LUBRICANTS TO MORE EXPENSIVE ALTERNATIVES 47
6 EUROPE LUBRICANTS MARKET: BY SNAPSHOT (2022) 48
7 COMPANY LANDSCAPE 49
7.1 COMPANY SHARE ANALYSIS: EUROPE 49
7.2 COMPANY SHARE ANALYSIS: U.S. 50
7.3 EVENT 51
7.4 INVESTMENT 51
7.5 BRAND REFRESH 52
7.6 NEW PLANT 52
7.7 PARTNERSHIP 52
7.8 COLLABORATION 53
7.9 EXPANSION 53
7.10 ACQUISITION 54
7.11 CERTIFICATION 54
7.12 PRODUCT LAUNCH 55
8 SWOT ANALYSIS 56
9 COMPANY PROFILES 57
9.1 SHELL 57
9.1.1 COMPANY SNAPSHOT 57
9.1.2 REVENUE ANALYSIS 57
9.1.3 PRODUCT PORTFOLIO 58
9.1.4 RECENT DEVELOPMENTS 63
9.2 CHEVRON CORPORATION 64
9.2.1 COMPANY SNAPSHOT 64
9.2.2 REVENUE ANALYSIS 64
9.2.3 PRODUCT PORTFOLIO 65
9.2.4 RECENT DEVELOPMENT 71
9.3 REPSOL 72
9.3.1 COMPANY SNAPSHOT 72
9.3.2 REVENUE ANALYSIS 72
9.3.3 PRODUCT PORTFOLIO 73
9.3.4 RECENT DEVELOPMENT 81?
9.4 ENI S.P.A. 82
9.4.1 COMPANY SNAPSHOT 82
9.4.2 REVENUE ANALYSIS 82
9.4.3 PRODUCT PORTFOLIO 83
9.4.4 RECENT DEVELOPMENT 88
9.5 FUCHS 89
9.5.1 COMPANY SNAPSHOT 89
9.5.2 REVENUE ANALYSIS 89
9.5.3 PRODUCT PORTFOLIO 90
9.5.4 RECENT DEVELOPMENTS 94
9.6 BP P.L.C. 95
9.6.1 COMPANY SNAPSHOT 95
9.6.2 REVENUE ANALYSIS 95
9.6.3 PRODUCT PORTFOLIO 96
9.6.4 RECENT DEVELOPMENTS 98
9.7 VALVOLINE INC. 99
9.7.1 COMPANY SNAPSHOT 99
9.7.2 REVENUE ANALYSIS 99
9.7.3 PRODUCT PORTFOLIO 100
9.7.4 RECENT DEVELOPMENTS 104
10 QUESTIONNAIRE 105
11 RELATED REPORTS 109
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