Welcome!

News Feed Item

US Synthetic Lubricants & Functional Fluids Market

NEW YORK, Sept. 4, 2014 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

US Synthetic Lubricants & Functional Fluids Market

http://www.reportlinker.com/p0702444/US-Synthetic-Lubricants--Functional-Fluids-Market.html

US demand to increase 6% annually through 2018

US demand for synthetic lubricants and functional fluids is forecast to increase 6.0 percent per annum to $6.2 billion in 2018, with volume rising to 550 million gallons. Synthetic products will continue to grow at the expense of conventional fluids, with rising market penetration driven by environmental concerns and increasingly demanding requirements for product performance. Each market segment for synthetics will be subject to a unique set of factors influencing future demand. In some cases, government regulations and manufacturer and industry groups will specify the usage of synthetic products, while in others end user preferences for the benefits of synthetics will boost demand.

Engine oils to account for largest share of new growth

Engine oils will account for the largest share of growth through 2018. In the light vehicle market, synthetic engine oils will benefit from lubricant specifications in new cars that will increasingly call for lower viscosity motor oils, often necessitating the use of synthetics. General Motors' DEXOS1 specification, along with the requirement for SAE 0W-20 motor oils in most new Honda and Toyota vehicles, will be especially important in increasing synthetics' market share. The upcoming introduction of the ILSAC GF-6 specification will further encourage synthetics' use. Synthetics will also begin to see wider use in the heavy-duty and off-highway segments, based on the improved fuel efficiency and extended maintenance intervals that synthetics offer. Transmission and hydraulic fluids will be the fastest growing category, benefiting from many similar factors as engine oils. The impact of increasingly demanding equipment specifications and the ability to improve energy efficiency will be key driving factors for these fluids. Synthetic metalworking fluids and dielectric fluids will continue to be used where they can provide worker safety or environmental benefits, or meet a specific performance requirement, although these markets -- along with heat transfer fluids and antifreeze -- all tend to be more mature and grow more slowly.

Group III base oil to remain fastest growing material

Group III base oil will remain the fastest growing material in synthetic lubricants in value terms. Along with rising global capacity for conventional Group III base oil production, the increasing availability of gas-to-liquids (GTL) basestocks will also support gains. Production of GTL base oils, which are considered a premium synthetic product, is expected to expand in the US during the forecast period. Nonetheless, polyalphaolefins, which have grown only modestly in recent years due to competition from Group III base oil, will accelerate as they enjoy greater use in industrial lubricant markets. Specialty ester-based lubricants, which hold a significant share in key niche markets, will grow at an above average pace as well. The energy and power generation, automotive equipment, and industrial machinery markets will all present growth opportunities for synthetics. In power generation, niche and emerging applications -- for example, synthetic turbine oils, heat transfer fluids for concentrated solar power, and wind turbine gear oils -- will boost growth. In automotive equipment and industrial machinery, in contrast, growth will be broad based, resulting from steady gains in market size paired with increasing penetration of synthetics.

Study coverage

This upcoming industry study, Synthetic Lubricants & Functional Fluids, presents historical demand data for 2003, 2008 and 2013, plus forecasts for 2018 and 2023 by product, material and market. The study also considers market environment factors, evaluates company market share and profiles industry competitors.
TABLE OF CONTENTS
INTRODUCTION ix
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
Macroeconomic Outlook 5
Demographic Outlook 9
Personal Consumption Expenditures 13
Manufacturing Outlook 16
Competitive Products 20
Environmental & Regulatory Issues 22
Recycling & Re-Refining 25
Motor Vehicle Lubricant Specifications 27
Pricing Trends 28
Foreign Trade & International Activity 31
III. PRODUCTS 35
General 35
Engine Oils 37
Fully Synthetic Engine Oils 38
Gasoline Engine Oils 41

Heavy-Duty Diesel Engine Oils 45
Other Engine Oils 48
Semi-Synthetic Engine Oils 51
Antifreeze & Deicing Fluids 55
Antifreeze 56
Deicing Fluids 58
Transmission & Hydraulic Fluids 59
Transmission Fluids 63
Product Characteristics 63
Demand 65
Hydraulic Fluids 66
Heat Transfer Fluids 69
Low Temperature 72
High Temperature 73
Metalworking Fluids 75
Product Characteristics 76
Demand 78
Metal Removal Fluids 81
Metal Forming Fluids 83
Other Metalworking Fluids 85
Dielectric Fluids 87
Other Products 90
Gear Oils 92
Compressor Lubricants 95
Turbine Lubricants 96
All Other 98
IV. MATERIALS 102
General 102
Glycols 104
Polyalphaolefins 108
Esters 111
Group III Base Oils 115
Aromatics 119
Silicone Fluids 123
Other 125

V. MARKETS 130
General 130
Automotive 133
Motor Vehicle & Off-Highway Equipment Outlook 134
Synthetic Lubricant & Functional Fluid Demand 138
Light Vehicles 140
Medium- & Heavy-Duty Vehicles 142
Off-Highway Equipment 145
Metals 150
Metal Industry Outlook 151
Synthetic Lubricant & Functional Fluid Demand 152
Aircraft/Aerospace 154
Aircraft/Aerospace Outlook 155
Synthetic Lubricant & Functional Fluid Demand 156
Energy/Power Generation 158
Energy/Power Generation Industry Outlook 159
Synthetic Lubricant & Functional Fluid Demand 161
Industrial Machinery 164
Industrial Machinery Outlook 165
Synthetic Lubricant & Functional Fluid Demand 167
Process Industries 170
Process Manufacturing Industry Outlook 170
Synthetic Lubricant & Functional Fluid Demand 172
Other Markets 175
VI. INDUSTRY STRUCTURE 178
General 178
Market Share 182
Competitive Strategies 187
Research & Development 188
Chemical Management Services 190
Merger & Acquisition Activity 191
Manufacturing 194

Marketing 196
Synthetic Engine Oil 197
Brand Name Recognition 198
Sports Sponsorship 199
Antifreeze 200
Other Synthetic Fluids Marketing Strategies 201
Distribution 202
Company Profiles 205
AMSOIL Incorporated 206
Ashland Incorporated 209
Autoparts Holdings Limited 212
BASF SE 213
Bel-Ray, see Calumet Specialty Products Partners
Berkshire Hathaway Incorporated 216
BP plc 219
Calumet Specialty Products Partners LP 224
Chemtool, see Berkshire Hathaway
Chemtura Corporation 229
Chevron Corporation 231
Chevron Phillips Chemical Company LLC 235
CIMCOOL Industrial Products, see Milacron
CITGO Petroleum, see Petróleos de Venezuela
CLC Lubricants Company 236
ConocoPhillips 237
CPI Engineering Services, see Berkshire Hathaway
Dow Chemical Company 238
Dow Corning Corporation 241
DuPont (EI) de Nemours 242

Eastman Chemical Company 244
Exxon Mobil Corporation 247
FUCHS Petrolub SE 253
Houghton International Incorporated 255
Lubrizol, see Berkshire Hathaway
Milacron LLC 257
Oak International, see Milacron
Old World Industries LLC 259
Petróleos de Venezuela SA 262
Phillips 66 266
Quaker Chemical Corporation 270
Royal Dutch Shell plc 272
Royal Purple, see Calumet Specialty Products Partners
Shell Oil, see Royal Dutch Shell
Total SA 276
TruSouth Oil, see Calumet Specialty Products Partners
United Petroleum, see Calumet Specialty Products
Partners
Valvoline, see Ashland
Warren Oil Company Incorporated 280
Additional Companies Mentioned in the Study 282

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 Macroeconomic Indicators 9
2 Population & Households 13
3 Personal Consumption Expenditures 16
4 Manufacturers' Shipments 20
5 Synthetic Functional Fluid Pricing 30
6 Synthetic Lubricant & Functional Fluid Foreign Trade 34
SECTION III -- PRODUCTS
1 Synthetic Lubricant & Functional Fluid Demand by Product 36
2 Fully Synthetic Engine Oil Demand by Type 41
3 Fully Synthetic Gasoline Engine Oil Demand 45
4 Fully Synthetic Heavy-Duty Diesel Engine Oil Demand 48
5 Other Fully Synthetic Engine Oil Demand 51
6 Semi-Synthetic Engine Oil Demand 54
7 Synthetic Antifreeze & Deicing Fluid Demand 56
8 Synthetic Transmission & Hydraulic Fluid Demand
by Product, Chemical, & Market 62
9 Synthetic Heat Transfer Fluid Demand 71
10 Synthetic Metalworking Fluid Demand 81
11 Synthetic Metal Removal Fluid Demand 83
12 Synthetic Metal Forming Fluid Demand 85
13 Other Synthetic Metalworking Fluid Demand 87

14 Synthetic Dielectric Fluid Demand 90
15 Other Synthetic Lubricant & Functional Fluid Demand 91
SECTION IV -- MATERIALS
1 Synthetic Lubricant & Functional Fluid Demand by Material 103
2 Glycol Demand in Synthetic Lubricants & Functional Fluids 108
3 Polyalphaolefin Demand in Synthetic Lubricants
& Functional Fluids 111
4 Ester Demand in Synthetic Lubricants & Functional Fluids 115
5 Group III Base Oil Demand in Synthetic Lubricants
& Functional Fluids 119
6 Aromatics-Based Chemical Demand in Synthetic Lubricants
& Functional Fluids 122
7 Silicone Fluid Demand in Synthetic Lubricants
& Functional Fluids 125
8 Demand for Other Chemicals, Additives,
& Blending Components in Synthetic Lubricants
& Functional Fluids 129
SECTION V -- MARKETS
1 Synthetic Lubricant & Functional Fluid Demand by Market 132
2 Motor Vehicle & Off-Highway Equipment Indicators 138

3 Automotive Market for Synthetic Lubricants
& Functional Fluids 139
4 Light Vehicle Market for Synthetic Lubricants
& Functional Fluids 142
5 Medium- & Heavy-Duty Vehicle Market
for Synthetic Lubricants & Functional Fluids 145
6 Off-Highway Equipment Market
for Synthetic Lubricants & Functional Fluids 147
7 Metal Product Shipments 152
8 Metals Industry Market for Synthetic Lubricants
& Functional Fluids 154
9 Aircraft in Service 156
10 Aircraft/Aerospace Market for Synthetic Lubricants
& Functional Fluids 158
11 Energy/Power Generation Indicators 161
12 Energy/Power Generation Market for Synthetic Lubricants
& Functional Fluids 164
13 Machinery Shipments 167
14 Industrial Machinery Market for Synthetic Lubricants
& Functional Fluids 169
15 Process Manufacturers' Shipments 172
16 Process Industries Market for Synthetic Lubricants
& Functional Fluids 175
17 Other Markets for Synthetic Lubricants & Functional Fluids 177
SECTION VI -- INDUSTRY STRUCTURE
1 US Synthetic Lubricant & Functional Fluid Sales
by Company, 2013 181
2 Research & Development Spending Patterns:
Selected Synthetic Fluid Companies, 2011-2013 189
3 Selected Acquisitions & Divestitures 193

LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT
1 Synthetic Functional Fluid Pricing Volatility
by Product, 2003-2023 31
SECTION III -- PRODUCTS
1 Synthetic Lubricant & Functional Fluid Demand
by Product, 2013 37
SECTION IV -- MATERIALS
1 Synthetic Lubricant & Functional Fluid Demand
by Material, 2013 104
SECTION V -- MARKETS
1 Synthetic Lubricant & Functional Fluid Demand
by Market, 2013 133
SECTION VI -- INDUSTRY STRUCTURE
1 Synthetic Lubricant & Functional Fluid Market Share,
2013 183

To order this report: US Synthetic Lubricants & Functional Fluids Market
http://www.reportlinker.com/p0702444/US-Synthetic-Lubricants--Functional-Fluids-Market.html

__________________________
Contact Clare: [email protected]
US: (339)-368-6001
Intl: +1 339-368-6001

SOURCE Reportlinker

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
What sort of WebRTC based applications can we expect to see over the next year and beyond? One way to predict development trends is to see what sorts of applications startups are building. In his session at @ThingsExpo, Arin Sime, founder of WebRTC.ventures, will discuss the current and likely future trends in WebRTC application development based on real requests for custom applications from real customers, as well as other public sources of information,
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
Historically, some banking activities such as trading have been relying heavily on analytics and cutting edge algorithmic tools. The coming of age of powerful data analytics solutions combined with the development of intelligent algorithms have created new opportunities for financial institutions. In his session at 20th Cloud Expo, Sebastien Meunier, Head of Digital for North America at Chappuis Halder & Co., will discuss how these tools can be leveraged to develop a lasting competitive advanta...
TechTarget storage websites are the best online information resource for news, tips and expert advice for the storage, backup and disaster recovery markets. By creating abundant, high-quality editorial content across more than 140 highly targeted technology-specific websites, TechTarget attracts and nurtures communities of technology buyers researching their companies' information technology needs. By understanding these buyers' content consumption behaviors, TechTarget creates the purchase inte...
With the introduction of IoT and Smart Living in every aspect of our lives, one question has become relevant: What are the security implications? To answer this, first we have to look and explore the security models of the technologies that IoT is founded upon. In his session at @ThingsExpo, Nevi Kaja, a Research Engineer at Ford Motor Company, will discuss some of the security challenges of the IoT infrastructure and relate how these aspects impact Smart Living. The material will be delivered i...
In his session at @ThingsExpo, Eric Lachapelle, CEO of the Professional Evaluation and Certification Board (PECB), will provide an overview of various initiatives to certifiy the security of connected devices and future trends in ensuring public trust of IoT. Eric Lachapelle is the Chief Executive Officer of the Professional Evaluation and Certification Board (PECB), an international certification body. His role is to help companies and individuals to achieve professional, accredited and worldw...
My team embarked on building a data lake for our sales and marketing data to better understand customer journeys. This required building a hybrid data pipeline to connect our cloud CRM with the new Hadoop Data Lake. One challenge is that IT was not in a position to provide support until we proved value and marketing did not have the experience, so we embarked on the journey ourselves within the product marketing team for our line of business within Progress. In his session at @BigDataExpo, Sum...
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, will provide a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services ...
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
SYS-CON Events announced today that Ocean9will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Ocean9 provides cloud services for Backup, Disaster Recovery (DRaaS) and instant Innovation, and redefines enterprise infrastructure with its cloud native subscription offerings for mission critical SAP workloads.
Have you ever noticed how some IT people seem to lead successful, rewarding, and satisfying lives and careers, while others struggle? IT author and speaker Don Crawley uncovered the five principles that successful IT people use to build satisfying lives and careers and he shares them in this fast-paced, thought-provoking webinar. You'll learn the importance of striking a balance with technical skills and people skills, challenge your pre-existing ideas about IT customer service, and gain new in...
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...