基础油市场 - 增长、趋势、COVID-19 的影响、预测 (2023-2028)
市场调查报告书
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1190028

基础油市场 - 增长、趋势、COVID-19 的影响、预测 (2023-2028)

Base Oil Market - Growth, Trends, and Forecasts (2023 - 2028)

出版日期: | 出版商: Mordor Intelligence | 英文 120 Pages | 商品交期: 2-3个工作天内

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简介目录

2021年基础油市场规模预计约为3000万升,预计在预测期内(2022-2027年)复合年增长率将超过2%。

在大流行的推动下,汽车行业的衰退以及汽车製造和各种工业部门的暂时停工减少了发动机油、齿轮油、润滑脂和金属加工液的消耗,对基础油需求造成下行压力。增加。 然而,随着汽车製造的增加,该市场将在 2021 年略有增长。 根据 OICA 的数据,2021 年 1 月至 9 月的全球汽车产量与 2020 年同期相比增长了 9%。

主要亮点

  • 短期内,考虑到基础油(例如液压油和工业齿轮油)的工业用途,新兴国家的快速工业化是市场增长的主要驱动力。
  • 另一方面,汽车製造商缩小发动机尺寸和延长换油间隔的努力可能会阻碍市场增长。
  • 随着电动汽车的普及,机油的消耗量预计会减少,这可能会阻碍未来几年的市场增长。
  • 主导市场的 I 类基础油预计在预测期内将下降,被 II 类和 III 类基础油取代。
  • 预计新兴市场基础油产能的扩张将为预测期内的市场研究提供机会。
  • 亚太地区主导市场,预计在预测期内将继续保持最高的复合年增长率。

基础油市场趋势

机油板块主导市场需求

  • 由于汽车、电力、重型设备、金属加工、化工等行业对发动机油的需求不断增长,因此发动机油领域主导着基础油需求。
  • 发动机油广泛用于润滑内燃机,由 75-90% 的基础油和 10-25% 的添加剂组成。
  • 发动机油通常用于减少发动机内部的磨损、防止腐蚀并保持发动机平稳运行。 它的工作原理是在运动部件之间形成一层薄膜,以促进热传递并减轻部件接触时的张力。
  • 根据 OICA 数据,2021 年 1 月至 9 月全球汽车产量将达到 57,262,777 辆,而 2020 年 1 月至 9 月为 52,146,292 辆。
  • 2021 年全年,全球大部分主要地区的汽车销量均小幅增长。 中国仍然是世界上最大、表现最好的主要单一国家汽车市场,销量增长 6.6% 至超过 2100 万辆。
  • 印度的汽车销量以 27% 的速度快速增长,而整个汽车市场仍然相对较小。 2021年,日本和欧洲的乘用车新註册量将下降,而俄罗斯、美国和巴西的微型车市场将小幅增长。
  • 因此,预计上述因素将在未来几年对发动机油市场产生重大影响。

亚太地区主导市场

  • 亚太地区占全球市场的大部分。 马来西亚、印度和泰国正在增加对汽车行业的投资。 例如,由中国上汽集团与泰国正大集团联合开发的英国品牌MG,在泰国推出了首款皮卡车“Extender”,预计在预测期内将增加该地区的机油消耗量。
  • 根据德国汽车製造商协会的数据,到 2021 年,中国的年汽车销量将达到 2109.02 万辆,成为全球最大的市场。
  • 2021 年印度的新车销量将从 2020 年的 243.51 万辆增长 26.7% 至 308.24 万辆,使其成为全球最大的高增长率市场之一。 儘管2019年印度的汽车销量有所增长,但市场比2018年和2017年下降了约10%。
  • 2021 年印度尼西亚、泰国、马来西亚、越南、菲律宾和新加坡的新车销量将达到 279 万辆,比 2020 年增长 14%,其中印度尼西亚以 67% 的增幅位居榜首。
  • 因此,上述因素预计将在不久的将来对该地区的基础油市场产生重大影响。

其他好处

  • Excel 格式的市场预测 (ME) 表
  • 三个月的分析师支持

内容

第一章介绍

  • 调查先决条件
  • 调查范围

第二章研究方法论

第 3 章执行摘要

第四章市场动态

  • 司机
    • 发展中国家的快速工业化
    • 其他司机
  • 约束因素
    • 汽车製造商缩小发动机尺寸并延长换油週期
    • 对第 i 类基础油的需求下降
  • 工业价值链分析
  • 波特的五力分析
    • 供应商的议价能力
    • 消费者的议价能力
    • 新进入者的威胁
    • 替代品的威胁
    • 竞争程度

第 5 章市场细分(市场规模和交易量基础)

  • 类型
    • 第一组
    • 第二组
    • 第三组
    • 第四组
    • 其他类型
  • 用法
    • 机油
    • 齿轮油
    • 金属加工液
    • 一般工业用油
    • 润滑脂
    • 加工油
    • 其他用途
  • 按地区
    • 亚太地区
      • 中国
      • 印度
      • 日本
      • 韩国
      • 其他亚太地区
    • 北美
      • 美国
      • 加拿大
      • 墨西哥
    • 欧洲
      • 德国
      • 英国
      • 法国
      • 意大利
      • 其他欧洲
    • 南美洲
      • 巴西
      • 阿根廷
      • 其他南美洲
    • 中东和非洲
      • 沙特阿拉伯
      • 南非
      • 其他中东和非洲地区

第六章竞争格局

  • 併购、合资企业、合作、合同
  • 市场份额/排名分析
  • 主要参与者采用的策略
  • 公司简介
    • Abu Dhabi National Oil Company
    • Chevron Corporation
    • China Petroleum & Chemical Corporation
    • CNOOC Limited
    • Eni SpA
    • Evonik Industries AG
    • Exxon Mobil Corporation
    • Formosa Petrochemical Corporation
    • Gazprom Neft PJSC
    • GP Global
    • GS Caltex Corporation
    • Indian Oil Corporation Ltd
    • LUnited KingdomOIL
    • NESTE
    • Nynas AB
    • Petrobras
    • PETRONAS Lubricants International
    • Philips 66 Company
    • Repsol
    • Royal Dutch Shell PLC
    • Saudi Arabian Oil Co.
    • Sepahan Oil
    • SK Lubricants Co. Ltd
    • S-OIL CORPORATION
    • Total

第七章市场机会与未来趋势

  • 扩大新兴国家的产能
  • 可再生基础油领域的创新
简介目录
Product Code: 65723

The base oil market size was estimated at around 30 million liters in 2021, and the market is projected to register a CAGR greater than 2% during the forecast period (2022-2027).

Fueled by the pandemic, the declining automotive industry and the temporary shutdown of automotive manufacturing and various industrial units have resulted in lower consumption of engine oil, gear oil, greases, and metalworking fluid, putting downward pressure on base oil demand. In 2021, however, the market grew slightly as car manufacturing increased. According to OICA, global automobile manufacturing climbed by 9% in the first nine months of 2021 compared to the same period in 2020.

Key Highlights

  • Over the short term, the primary factor driving the market's growth is rapid industrialization in developing nations considering the industrial application of base oil such as hydraulic fluid and industrial gear oil.
  • Conversely, automobile manufacturers focusing on engine downsizing and extended oil change intervals will likely hamper the market's growth.
  • As EVs make their place in the market, the use of engine oils is expected to decrease; this is likely to hinder the market growth in the coming years.
  • The Group I segment dominated the market, but it is likely to decline during the forecast period, owing to its replacement by Group II and Group III base oils.
  • The expanding production capabilities of base oils in developing countries will likely provide opportunities for the market studied during the forecast period.
  • The Asia-Pacific region is expected to dominate the market and will also witness the highest CAGR during the forecast period.

Base Oil Market Trends

Engine Oil Segment to Dominate the Market Demand

  • The engine oil segment dominates the demand for base oil due to the growing demand for engine oil from industries such as automotive, power, heavy equipment, metalworking, chemicals, and others.
  • Engine oils are widely used to lubricate internal combustion engines and are composed of 75-90% base oils and 10-25% additives.
  • They are typically used for applications such as wear reduction, corrosion protection, and smooth operation of the engine internals. They function by creating a thin film between the moving parts for enhancing heat transfer and reducing tension during the contact of parts.
  • According to OICA data, the global production of automotive vehicles in the first nine months of 2021 has recorded 57,262,777 units compared to 52,146, 292 units in the first nine months of 2020.
  • Global automobile sales were somewhat higher in most major regions of the world in the entire year 2021. With sales increased 6.6 percent to more than 21 million cars, China remained the world's largest and best-performing major single-country auto market.
  • Car sales in India expanded at a fast rate of 27%, although the entire vehicle market remained relatively small in size. In 2021, new passenger car registrations in Japan and Europe were lower, while the market for light vehicles in Russia, United States, and Brazil grew marginally.
  • As a result, the aforementioned factors are anticipated to influence the engine oil market in the future years substantially.

Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region controlled the majority of the worldwide market share. With rising investments in the automobile sector in Malaysia, India, and Thailand. For instance, MG, a British brand owned by China's SAIC Motors and created in partnership with Thailand's Charoen Pokphand Group, is targeting Thailand with its first-ever pickup truck, the "Extender," which is expected to boost engine oil consumption in the area over the projection period.
  • China's annual automobile sales reached 21,090,200 units in 2021, according to the German Association of the Automotive Industry, making it the world's largest market.
  • In 2021, India's new automobile sales grew by 26.7 % to 3,082,400 vehicles, up from 2,435,100 in 2020 making it one of the large worldwide markets that grew at a faster rate. Even though automobile sales in India increased in 2019, the market was still roughly 10% lower than in 2018 and 2017.
  • In 2021, new automobile sales in Indonesia, Thailand, Malaysia, Vietnam, the Philippines, and Singapore reached 2.79 million cars, up 14% from 2020, with Indonesia leading the way with a 67 % increase.
  • As a result, the aforementioned factors are projected to have a substantial influence on the base oil market in the approaching years in the region.

Base Oil Market Competitive Analysis

The base oil market is a highly fragmented market, where numerous players hold insignificant shares to affect the market dynamics individually. Some of the noticeable players in the market (not in any particular order) include Exxon Mobil Corporation, Royal Dutch Shell PLC, China Petroleum & Chemical Corporation, Evonik Industries AG, and Chevron Corporation, among others.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Rapid Industrialization in Developing Nations
    • 4.1.2 Other Drivers
  • 4.2 Restraints
    • 4.2.1 Automobile Manufacturers Focusing on Engine Downsizing and Extended Oil Change Intervals
    • 4.2.2 Declining Demand for Group I Base Oils
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5 MARKET SEGMENTATION (Market Size by Volume)

  • 5.1 Type
    • 5.1.1 Group I
    • 5.1.2 Group II
    • 5.1.3 Group III
    • 5.1.4 Group IV
    • 5.1.5 Other Types
  • 5.2 Application
    • 5.2.1 Engine Oils
    • 5.2.2 Gear Oils
    • 5.2.3 Metalworking Fluids
    • 5.2.4 General Industrial Oils
    • 5.2.5 Greases
    • 5.2.6 Process Oils
    • 5.2.7 Other Applications
  • 5.3 Geography
    • 5.3.1 Asia-Pacific
      • 5.3.1.1 China
      • 5.3.1.2 India
      • 5.3.1.3 Japan
      • 5.3.1.4 South Korea
      • 5.3.1.5 Rest of Asia-Pacific
    • 5.3.2 North America
      • 5.3.2.1 United States
      • 5.3.2.2 Canada
      • 5.3.2.3 Mexico
    • 5.3.3 Europe
      • 5.3.3.1 Germany
      • 5.3.3.2 United Kingdom
      • 5.3.3.3 France
      • 5.3.3.4 Italy
      • 5.3.3.5 Rest of Europe
    • 5.3.4 South America
      • 5.3.4.1 Brazil
      • 5.3.4.2 Argentina
      • 5.3.4.3 Rest of South America
    • 5.3.5 Middle-East and Africa
      • 5.3.5.1 Saudi Arabia
      • 5.3.5.2 South Africa
      • 5.3.5.3 Rest of Middle-East and Africa

6 COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share/Ranking Analysis**
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Abu Dhabi National Oil Company
    • 6.4.2 Chevron Corporation
    • 6.4.3 China Petroleum & Chemical Corporation
    • 6.4.4 CNOOC Limited
    • 6.4.5 Eni SpA
    • 6.4.6 Evonik Industries AG
    • 6.4.7 Exxon Mobil Corporation
    • 6.4.8 Formosa Petrochemical Corporation
    • 6.4.9 Gazprom Neft PJSC
    • 6.4.10 GP Global
    • 6.4.11 GS Caltex Corporation
    • 6.4.12 Indian Oil Corporation Ltd
    • 6.4.13 LUKOIL
    • 6.4.14 NESTE
    • 6.4.15 Nynas AB
    • 6.4.16 Petrobras
    • 6.4.17 PETRONAS Lubricants International
    • 6.4.18 Philips 66 Company
    • 6.4.19 Repsol
    • 6.4.20 Royal Dutch Shell PLC
    • 6.4.21 Saudi Arabian Oil Co.
    • 6.4.22 Sepahan Oil
    • 6.4.23 SK Lubricants Co. Ltd
    • 6.4.24 S-OIL CORPORATION
    • 6.4.25 Total

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Expanding Production Capabilities in Developing Countries
  • 7.2 Innovation in the Field of Renewable Base Oils