Asia-Pacific Lubricants Market By Type (Mineral Oil Lubricants, Synthetic Lubricants, Bio-Based Lubricants, Greases), By Application (Transportation, Industrial Machinery & Equipment), and By Country Trends & Forecast to 2020

 Published On: Nov, 2015 |    No of Pages: 123 |  Published By: MicroMarketMonitor | Format: PDF
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The Asia-Pacific lubricants market is segmented on the basis of type, application, and geography. The market data is provided with respect to volume (Tons) and value (USD Million). The Asia-Pacific Lubricants market was estimated at USD 70,555.2 million in 2015, and is projected to grow at a CAGR of 3.3% from 2015 to 2020.

The Asia-Pacific lubricants market has been analyzed based on the current proceedings in the industry at the commercial level. The study provides the value chain analysis with respect to raw materials, manufacturers, and end users. The value chain describes the key contributors to the materials market at different stages from product development to end use. It represents the top players which are contributing to the growth of Asia-Pacific lubricants market.

Based on different applications, the Asia-Pacific lubricants market is segmented into transportation and industrial machinery & equipment. On the basis of type, the market covers mineral oil lubricants, synthetic lubricants, bio-based lubricants, and greases. The mineral oil segment dominated this market having accounted for a share of 75.0% in 2014. The market in China dominates the Asia-Pacific lubricants market in terms of volume, having accounted for a share of 63.1% in 2014. This growth is attributed to the rising demand of lubricants across various industries, such as transportation, automobile, and industrial machinery & equipment.

Different companies operating in this market are also profiled in the report. The key companies in this market are Royal Dutch Shell plc (Netherlands), Exxon Mobil Corporation (U.S.), BP plc (U.K.), Chevron Corporation (U.S.), Total S.A. (France), PetroChina Company Limited (China), Sinopec Limited (China), and Idemitsu Kosan Co. Ltd. (Japan). The report also presents a competitive landscape covering different strategies and developments such as joint venture, expansions, mergers & acquisitions, new product developments, and agreements & collaborations adopted by the leading market players over the years.  

Factors such as investments in expansion of plant capacities, followed by corporate agreements were the most preferred strategies adopted by the top players in 2011 & 2015 are driving the demand of Asia-Pacific lubricants market.

Scope of the report:

This research report categorizes the Asia-Pacific lubricants market on the basis of applications, type and, geography along with forecasting volume, value, and analyzing trends in each of the sub-markets.

On the basis of application:
• Transportation
• Industrial Machinery & Equipment

On the basis of type:
• Mineral Oil Lubricants
• Synthetic Lubricants
• Bio-Based Lubricants
• Greases

Each application & type is described in detail in the report with volume and revenue forecasts for each application & type.

On the basis of country:
• China
• Japan
• India
• Thailand
• South Korea
• Australia & New Zealand
• Singapore
• Malaysia
• Taiwan
• Philippines
• Rest of Asia-Pacific
TABLE OF CONTENTS

1 INTRODUCTION 11
1.1 OBJECTIVES OF THE STUDY 11
1.2 MARKET DEFINITION 11
1.3 MARKET SCOPE 11
1.3.1 MARKETS COVERED 12
1.3.2 YEARS CONSIDERED IN THE REPORT 13
1.4 CURRENCY AND PRICING 13
1.5 LIMITATIONS 13
1.6 STAKEHOLDERS 13

2 RESEARCH METHODOLOGY 14
2.1 MARKET SIZE ESTIMATION 15
2.2 MARKET BREAKDOWN & DATA TRIANGULATION 18
2.3 MARKET SHARE ESTIMATION 18
2.3.1 KEY INSIGHTS 20
2.3.2 ASSUMPTIONS 21

3 EXECUTIVE SUMMARY 22

4 PREMIUM INSIGHTS 24
4.1 ATTRACTIVE OPPORTUNITIES IN THE LUBRICANTS MARKET 24
4.2 LUBRICANTS MARKET: TYPE SEGMENTS 25
4.3 LUBRICANTS MARKET IN ASIA-PACIFIC 26
4.4 LUBRICANTS MARKET ATTRACTIVENESS 27
4.5 LUBRICANT APPLICATIONS, BY REGION (2015) 28

5 MARKET OVERVIEW 29
5.1 INTRODUCTION 30
5.2 MARKET SEGMENTATION 31
5.2.1 BY TYPE 31
5.2.2 BY APPLICATION 31
5.2.3 APAC, BY COUNTRY 32
5.3 MARKET DYNAMICS 33
5.3.1 DRIVERS 33
5.3.1.1 Growing Automotive Industry In Asia-Pacific 33
5.3.1.2 Massive Industrial Growth in Asia-Pacific 34
5.3.1.3 Increased Consumer Awareness Coupled with Stringent Government Regulations Drives the Sales of Synthetic Lubricants 35
5.3.2 RESTRAINTS 35
5.3.2.1 Shift Toward Synthetic Lubricant Contracts the Demand for Mineral Oil Lubricant: Affecting the Overall Lubricant Market 35
5.3.2.2 High Prices of Synthetic & Bio-Based Lubricants Affects the Lubricants Market Growth 36
5.3.3 OPPORTUNITIES 36
5.3.3.1 Bric Countries are Expected to be the Lucrative Markets 36

6 INDUSTRY TRENDS 37
6.1 INTRODUCTION 37
6.2 VALUE CHAIN ANALYSIS 37
6.3 PORTER’S FIVE FORCES ANALYSIS 39
6.3.1 THREAT OF NEW ENTRANTS 40
6.3.2 THREAT OF SUBSTITUTES 40
6.3.3 BARGAINING POWER OF SUPPLIERS 40
6.3.4 BARGAINING POWER OF BUYERS 40
6.3.5 INTENSITY OF COMPETITIVE RIVALRY 41

7 LUBRICANTS MARKET, BY TYPE 42
7.1 INTRODUCTION 43
7.2 MARKET SIZE & PROJECTION 44
7.2.1 WIDESPREAD AVAILABILITY & LOW COST DRIVE THE CONSUMPTION OF MINERAL OIL LUBRICANTS 44
7.3 MINERAL OIL LUBRICANTS 45
7.4 SYNTHETIC LUBRICANTS 46
7.4.1 ASIA-PACIFIC TO OUTPACE NORTH AMERICAN CONSUMPTION 48
7.5 BIO-BASED LUBRICANTS 49
7.5.1 BIODEGRADABLE NATURE OF BIO- BASED LUBRICANTS TO DRIVE THE DEMAND 50
7.6 GREASES 51

8 LUBRICANTS MARKET, BY APPLICATION 53
8.1 INTRODUCTION 54
8.2 MARKET SIZE & PROJECTION 54
8.2.1 GROWTH IN AUTOMOTIVE IS DRIVING THE DEMAND FOR LUBRICANTS 54
8.3 TRANSPORTATION 55
8.3.1 PASSENGER VEHICLES ARE THE LARGEST CONSUMERS OF LUBRICANTS IN TRANSPORTATION 56
8.4 INDUSTRIAL MACHINERY & EQUIPMENT 57
8.4.1 INCREASED MANUFACTURING ACTIVITIES IN ASIA-PACIFIC ENCOURAGES GROWTH IN LUBRICANTS INDUSTRY 57

9 LUBRICANTS MARKET, BY COUNTRY 58
9.1 INTRODUCTION 59
9.1.1 CHINA: LARGEST CONSUMER OF LUBRICANTS WITH GROWING INDUSTRIAL ACTIVITIES 61
9.2 ASIA-PACIFIC 62
9.2.1 CHINA 65
9.2.2 INDIA 66
9.2.3 JAPAN 68
9.2.4 TAIWAN 69
9.2.5 THAILAND 70
9.2.6 AUSTRALIA & NEW ZEALAND 71
9.2.7 MALAYSIA 72
9.2.8 SOUTH KOREA 73
9.2.9 SINGAPORE 74
9.2.10 PHILIPPINES 75
9.2.11 REST OF ASIA-PACIFIC 76

10 ASIA- PACIFIC LUBRICANTS MARKET: COMPETITIVE LANDSCAPE 78
10.1 EXPANSIONS 79
10.2 NEW PRODUCT DEVELOPMENT 81
10.3 JOINT VENTURES, PARTNERSHIPS, AND COLLABORATIONS 82

11 ASIA PACIFIC LUBRICANTS MARKET, BY COMPANY 83
11.1 ROYAL DUTCH SHELL PLC. 83
11.1.1 OVERVIEW 83
11.1.2 KEY FINANCIALS 84
11.1.3 PRODUCT AND SERVICE OFFERINGS 84
11.1.4 RELATED DEVELOPMENTS 86
11.1.5 SWOT ANALYSIS 88
11.1.6 MMM VIEW 89
11.2 EXXONMOBIL CORPORATION 90
11.2.1 OVERVIEW 90
11.2.2 KEY FINANCIALS 91
11.2.3 PRODUCT AND SERVICE OFFERINGS 91
11.2.4 RELATED DEVELOPMENTS 91
11.2.5 MMM VIEW 92
11.3 BP PLC. 93
11.3.1 OVERVIEW 93
11.3.2 KEY FINANCIALS 94
11.3.3 PRODUCT AND SERVICE OFFERINGS 94
11.3.4 RELATED DEVELOPMENTS 95
11.3.5 MMM VIEW 95
11.4 CHEVRON CORPORATION 96
11.4.1 OVERVIEW 96
11.4.2 KEY FINANCIALS 96
11.4.3 PRODUCT AND SERVICE OFFERINGS 97
11.4.4 RELATED DEVELOPMENTS 102
11.4.5 MMM VIEW 103
11.5 TOTAL S.A. 104
11.5.1 OVERVIEW 104
11.5.2 KEY FINANCIALS 104
11.5.3 PRODUCT AND SERVICE OFFERINGS 105
11.5.4 RELATED DEVELOPMENTS 106
11.5.5 MMM VIEW 106
11.6 PETROCHINA COMPANY LIMITED 107
11.6.1 OVERVIEW 107
11.6.2 KEY FINANCIALS 107
11.6.3 PRODUCT AND SERVICE OFFERINGS 108
11.6.4 RELATED DEVELOPMENTS 109
11.6.5 MMM VIEW 109
11.7 SINOPEC LIMITED 110
11.7.1 OVERVIEW 110
11.7.2 KEY FINANCIALS 110
11.7.3 PRODUCT AND SERVICE OFFERINGS 111
11.7.4 RELATED DEVELOPMENTS 115
11.7.5 MMM VIEW 116
11.8 IDEMITSU KOSAN CO. LTD. 117
11.8.1 OVERVIEW 117
11.8.2 KEY FINANCIALS 117
11.8.3 PRODUCT AND SERVICE OFFERINGS 117
11.8.4 RELATED DEVELOPMENTS 118
11.8.5 MMM VIEW 119

12 APPENDIX 120
12.1 RELATED REPORTS 120
12.2 CUSTOMIZATION OPTIONS 120
12.2.1 ASIA PACIFIC LUBRICANTS MARKET TYPES MATRIX 120
12.2.2 ASIA PACIFIC LUBRICANTS COMPETITIVE BENCHMARKING 120
12.2.3 ASIA PACIFIC LUBRICANTS MARKET VENDOR LANDSCAPING 120
12.2.4 ASIA PACIFIC LUBRICANTS MARKET DATA TRACKER 120
12.2.5 ASIA PACIFIC LUBRICANTS MARKET EMERGING VENDOR LANDSCAPE 121
12.2.6 ASIA PACIFIC LUBRICANTS MARKET CHANNEL ANALYSIS 121
12.3 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 122

LIST OF TABLES

TABLE 1 LUBRICANTS BY BASE OIL 43
TABLE 2 ASIA-PACIFIC LUBRICANTS MARKET, BY TYPE, 2015–2020 (USD MN) 44
TABLE 3 MINERAL OIL LUBRICANTS MARKET, BY COUNTRY, 2013–2020 (USD MN) 46
TABLE 4 SYNTHETIC LUBRICANTS MARKET, BY COUNTRY, 2013–2020 (USD MN) 48
TABLE 5 BIO-BASED LUBRICANTS MARKET, BY COUNTRY, 2013–2020 (USD MN) 50
TABLE 6 GREASES MARKET , BY COUNTRY, 2013–2020 (USD MN) 52
TABLE 7 LUBRICANTS MARKET SIZE, BY APPLICATION, 2013–2020 (KT) 54
TABLE 8 LUBRICANTS IN TRANSPORTATION MARKET, BY TYPE, 2013–2020 (KT) 56
TABLE 9 LUBRICANTS IN TRANSPORTATION MARKET, BY COUNTRY, 2013–2020 (KT) 56
TABLE 10 LUBRICANTS IN INDUSTRIAL MACHINERY & EQUIPMENT MARKET, BY COUNTRY, 2013–2020 (KT) 57
TABLE 11 LUBRICANTS MARKET, BY COUNTRY, 2013–2020 (KT) 61
TABLE 12 LUBRICANTS MARKET SIZE, BY COUNTRY, 2013–2020 (USD MILLION) 61
TABLE 13 ASIA-PACIFIC: LUBRICANTS MARKET, BY TYPE, 2013–2020 (KT) 64
TABLE 14 ASIA-PACIFIC: LUBRICANTS MARKET, BY APPLICATION, 2013–2020 (KT) 64
TABLE 15 CHINA: LUBRICANTS MARKET, BY TYPE, 2013–2020 (KT) 65
TABLE 16 CHINA: LUBRICANTS MARKET, BY APPLICATION, 2013–2020 (KT) 66
TABLE 17 INDIA: LUBRICANTS MARKET, BY TYPE, 2013–2020 (KT) 67
TABLE 18 INDIA: LUBRICANTS MARKET, BY APPLICATION, 2013–2020 (KT) 67
TABLE 19 JAPAN: LUBRICANTS MARKET, BY TYPE, 2013–2020 (KT) 68
TABLE 20 JAPAN: LUBRICANTS MARKET, BY APPLICATION, 2013–2020 (KT) 68
TABLE 21 TAIWAN: LUBRICANTS MARKET, BY TYPE, 2013–2020 (KT) 69
TABLE 22 TAIWAN: LUBRICANTS MARKET, BY APPLICATION, 2013–2020 (KT) 69
TABLE 23 THAILAND: LUBRICANTS MARKET, BY TYPE, 2013–2020 (KT) 70
TABLE 24 THAILAND: LUBRICANTS MARKET, BY APPLICATION, 2013–2020 (KT) 70
TABLE 25 AUSTRALIA & NEW ZEALAND: LUBRICANTS MARKET, BY TYPE, 2013–2020 (KT) 71
TABLE 26 AUSTRALIA & NEW ZEALAND: LUBRICANTS MARKET, BY APPLICATION, 2013–2020 (KT) 71
TABLE 27 MALAYSIA: LUBRICANTS MARKET, BY TYPE, 2013–2020 (KT) 72
TABLE 28 MALAYSIA: LUBRICANTS MARKET, BY APPLICATION, 2013–2020 (KT) 72
TABLE 29 SOUTH KOREA: LUBRICANTS MARKET, BY TYPE, 2013–2020 (KT) 73
TABLE 30 SOUTH KOREA: LUBRICANTS MARKET, BY APPLICATION, 2013–2020 (KT) 73
TABLE 31 SINGAPORE: LUBRICANTS MARKET, BY TYPE, 2013–2020 (KT) 74
TABLE 32 SINGAPORE: LUBRICANTS MARKET, BY APPLICATION, 2013–2020 (KT) 74
TABLE 33 PHILIPPINES: LUBRICANTS MARKET, BY TYPE, 2013–2020 (KT) 75
TABLE 34 PHILIPPINES: LUBRICANTS MARKET, BY APPLICATION, 2013–2020 (KT) 75
TABLE 35 REST OF ASIA-PACIFIC: LUBRICANTS MARKET, BY TYPE, 2013–2020 (KT) 76
TABLE 36 REST OF ASIA-PACIFIC: LUBRICANTS MARKET, BY APPLICATION, 2013–2020 (KT) 76
TABLE 37 ASIA PACIFIC LUBRICANTS MARKET: EXPANSIONS 79
TABLE 38 ASIA PACIFIC LUBRICANTS MARKET: NEW PRODUCT DEVELOPMENT 81
TABLE 39 ASIA PACIFIC LUBRICANTS MARKET: JOINT VENTURES, PARTNERSHIPS, AND COLLABORATIONS 82
TABLE 40 ROYAL DUTCH SHELL PLC. : KEY FINANCIALS, 2010-2014 (USD BILLION) 84
TABLE 41 EXXONMOBIL CORPORATION : KEY FINANCIALS, 2010-2014 (USD BILLION) 91
TABLE 42 BP PLC.: KEY FINANCIALS, 2010-2014 (USD BILLION) 94
TABLE 43 CHEVRON CORPORATION: KEY FINANCIALS, 2010-2014 (USD BILLION) 96
TABLE 44 TOTAL S.A.: KEY FINANCIALS, 2010-2014 (USD BILLION) 104
TABLE 45 PETROCHINA COMPANY LIMITED : KEY FINANCIALS, 2010-2014 (USD BILLION) 107
TABLE 46 SINOPEC LIMITED: KEY FINANCIALS, 2010-2014 (USD BILLION) 110
TABLE 47 IDEMITSU KOSAN CO. LTD.: KEY FINANCIALS, 2010-2014 (USD BILLION) 117

LIST OF FIGURES

FIGURE 1 ASIA-PACIFIC LUBRICANTS MARKET 14
FIGURE 2 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 16
FIGURE 3 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 17
FIGURE 4 BREAK DOWN OF PRIMARY INTERVIEWS, BY COMPANY TYPE, DESIGNATION & REGION 18
FIGURE 5 KEY DATA FROM SECONDARY SOURCES 19
FIGURE 6 KEY DATA FROM PRIMARY SOURCES 19
FIGURE 7 MINERAL OIL LUBRICANTS EXPECTED TO DOMINATE THE LUBRICANTS MARKET, 2015 & 2020 22
FIGURE 8 ASIA-PACIFIC TO REGISTER HIGHEST GROWTH RATE, 2014 23
FIGURE 9 GROWTH IN THE LUBRICANTS MARKET, (2015-2020) 24
FIGURE 10 SYNTHETIC & BIO-BASED LUBRICANTS TO GROW AT THE FASTEST RATE 25
FIGURE 11 CHINA CAPTURES THE LION’S SHARE IN THE ASIA-PACIFIC LUBRICANTS MARKET 26
FIGURE 12 INDIA & PHILIPPINES ARE THE FASTEST GROWING LUBRICANTS MARKET 27
FIGURE 13 INDIA TO REGISTER HIGH GROWTH RATE 28
FIGURE 14 LUBRICANTS FORMULATION 30
FIGURE 15 LUBRICANTS MARKET SEGMENTATION, BY TYPE 31
FIGURE 16 LUBRICANTS MARKET SEGMENTATION, BY APPLICATION 31
FIGURE 17 LUBRICANT MARKET SEGMENTATION, BY COUNTRY 32
FIGURE 18 OVERVIEW OF THE FORCES AFFECTING THE LUBRICANTS MARKET 33
FIGURE 19 MARKET IMPACT VIS-ΐ-VIS INCREASING USE OF SYNTHETIC LUBRICANTS 35
FIGURE 20 VALUE CHAIN ANALYSIS FOR LUBRICANTS 37
FIGURE 21 PORTER’S FIVE FORCES ANALYSIS (2013) 39
FIGURE 22 GREASE EXPECTED REGISTER THE HIGHEST CAGR BETWEEN 2015 AND 2020 44
FIGURE 23 INDIA TO DRIVE THE ASIA-PACIFIC MINERAL OIL LUBRICANTS MARKET 45
FIGURE 24 HIGH PERFORMANCE CHARACTERISTICS OF SYNTHETIC LUBRICANTS TO DRIVE THE MARKET 47
FIGURE 25 CHINA IS THE BIGGEST CONTRIBUTOR TO THE BIO-BASED LUBRICANTS SEGMENT 49
FIGURE 26 INDIA & CHINA TO WITNESS THE FASTEST GROWTH IN GREASE SEGMENT BETWEEN 2015 AND 2020 51
FIGURE 27 TRANSPORTATION SEGMENT QUALIFIES THE HIGHEST CONSUMPTION 54
FIGURE 28 INCREASING USE OF DIFFERENT MODES OF TRANSPORT FUELS THE DEMAND OF LUBRICANTS 55
FIGURE 29 REGIONAL SNAPSHOT (2015– 2020) — ASIA-PACIFIC IS THE FASTEST GROWING LUBRICANTS MARKET 59
FIGURE 30 SYNTHETIC LUBRICANTS TO GRADUALLY REPLACE MINERAL OIL LUBRICANTS IN SOME COUNTRIES 60
FIGURE 31 ASIA-PACIFIC MARKET SNAPSHOT: CHINA & INDIA ARE THE MOST LUCRATIVE MARKETS 63
FIGURE 32 ASIA-PACIFIC LUBRICANTS MARKET: COMPANY SHARE ANALYSIS, 2014(%) 78
FIGURE 33 ASIA-PACIFIC LUBRICANTS MARKET: COUNTRY WISE MARKET SHARE 78
FIGURE 34 ROYAL DUTCH SHELL PLC. : REVENUE MIX 83
FIGURE 35 ROYAL DUTCH SHELL PLC. : SWOT ANALYSIS 88
FIGURE 36 EXXONMOBIL CORPORATION : REVENUE MIX 90
FIGURE 37 EXXONMOBIL CORPORATION : SWOT ANALYSIS 92
FIGURE 38 BP PLC.: REVENUE MIX 93
FIGURE 39 BP PLC. : SWOT ANALYSIS 95
FIGURE 40 CHEVRON: REVENUE MIX, 2014 96
FIGURE 41 CHEVRON CORPORATION : SWOT ANALYSIS 102
FIGURE 42 TOTAL S.A.: REVENUE MIX, 2014 104
FIGURE 43 TOTAL S.A. : SWOT ANALYSIS 106
FIGURE 44 PETROCHINA COMPANY LIMITED : REVENUE MIX, 2014 107
FIGURE 45 PETROCHINA COMPANY LIMITED : SWOT ANALYSIS 109
FIGURE 46 SINOPEC LIMITED : REVENUE MIX 110
FIGURE 47 SINOPEC LIMITED: SWOT ANALYSIS 115
FIGURE 48 IDEMITSU KOSAN CO. LTD.: REVENUE MIX 117
FIGURE 49 IDEMITSU KOSAN CO. LTD. : SWOT ANALYSIS 119

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