General Industrial Oils: Mineral Products to Continue Dominance; Synthetics to Lead Growth

General Industrial Oils and Greases
General Industrial Oils and Greases

The current global demand for general industrial oils (GIO) stands at approximately 6,500 kilotonnes and is projected to exhibit moderate growth over the course of the next five years. With over 50% share in the global consumption, hydraulic fluids are the most consumed GIOs by a wide margin. The share of different GIOs and grease are almost similar across all regions, with some variation in share of individual products. Hydraulic fluids are the most commonly consumed GIO in all regions, followed by gear oils and turbine and circulating oils.Read More »

Despite High Demand for Two-wheelers, Emerging Technologies May Impact Lubricant Consumption in the Future

Lubricants for Motorcycles, Mopeds, and ScootersThe global two-wheeler market, which includes motorcycles, scooters, and mopeds, is expected to reach over 700 million units by 2021. This is a high-growth market segment, increasing at a rate of 8% per annum. Rising economic conditions, lack of public transportation, poor road infrastructure, high fuel efficiency/ mileage, lower emissions, and growth in the young population are the leading drivers for this significant uptick in demand. As a result of these trends, countries like Brazil, India, and Vietnam are at the forefront of driving demand for two-wheelers.  However, as electric two-wheelers gain prominence in Southeast Asian countries, lubricant demand growth may be subdued. Read More »

All Roads Lead to Synthetics on the Global Lubricants Market

synthetic lubricants, finished lubricants market, Low viscosity SAE 0W-XX passenger car motor oil (PCMO) accounted for under 5% of the total global PCMO demand in 2014. This grade is forecast to increase to over 7% by 2023, according to the recently released LubesNet Database.

Moreover, 5W-XX and 0W-XX combined account for about 40% of the total global PCMO market in 2014, according to the latest Global Lubricants: Market Analysis and Assessment report. The continuing global migration to lower viscosity grade PCMO will result in higher penetration of synthetics, semi-synthetics, higher revenues, and, conversely, longer oil drain intervals and suppressed overall PCMO growth.Read More »