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
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
If there is anything we have learned by now, is that every business paves their own unique path for releasing software- every pipeline, implementation and practices are a bit different, and DevOps comes in all shapes and sizes. Software delivery practices are often comprised of set of several complementing (or even competing) methodologies – such as leveraging Agile, DevOps and even a mix of ITIL, to create the combination that’s most suitable for your organization and that maximize your busines...
Struggling to keep up with increasing application demand? Learn how Platform as a Service (PaaS) can streamline application development processes and make resource management easy.
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
See storage differently! Storage performance problems have only gotten worse and harder to solve as applications have become largely virtualized and moved to a cloud-based infrastructure. Storage performance in a virtualized environment is not just about IOPS, it is about how well that potential performance is guaranteed to individual VMs for these apps as the number of VMs keep going up real time. In his session at 18th Cloud Expo, Dhiraj Sehgal, in product and marketing at Tintri, will discu...
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, will discuss how research has demonstrated the value of Machine Learning in delivering next generation analytics to im...
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists will dis...
Unless you don’t use the internet, don’t live in California, or haven’t been paying attention to the recent news… you should be aware that self-driving cars are on their way to becoming a reality. I have seen them – they are real. If you believe in the future reality of self-driving cars, then continue reading on. If you don’t believe in the future possibilities, then I am not sure what to do to convince you other than discuss the very real changes that will roll out with the consumer producti...
Up until last year, enterprises that were looking into cloud services usually undertook a long-term pilot with one of the large cloud providers, running test and dev workloads in the cloud. With cloud’s transition to mainstream adoption in 2015, and with enterprises migrating more and more workloads into the cloud and in between public and private environments, the single-provider approach must be revisited. In his session at 18th Cloud Expo, Yoav Mor, multi-cloud solution evangelist at Cloudy...
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
This is not a small hotel event. It is also not a big vendor party where politicians and entertainers are more important than real content. This is Cloud Expo, the world's longest-running conference and exhibition focused on Cloud Computing and all that it entails. If you want serious presentations and valuable insight about Cloud Computing for three straight days, then register now for Cloud Expo.
IoT device adoption is growing at staggering rates, and with it comes opportunity for developers to meet consumer demand for an ever more connected world. Wireless communication is the key part of the encompassing components of any IoT device. Wireless connectivity enhances the device utility at the expense of ease of use and deployment challenges. Since connectivity is fundamental for IoT device development, engineers must understand how to overcome the hurdles inherent in incorporating multipl...