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市场调查报告书
商品编码
1536951

基油-市场占有率分析、产业趋势与统计、成长预测（2024-2029）

Base Oil - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024 - 2029)
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

预计2024年基油市场规模为3,463万吨，预估2029年将达3,731万吨，预测期（2024-2029年）复合年增长率为1.51%。

基础油市场

由于新冠肺炎 (COVID-19) 疫情的爆发，2020 年基油需求大幅下降。这种病毒的影响导致汽车产业和其他各工业部门（航空、工业等）的产量减少。机油、齿轮油、润滑脂和金属加工油消费量的减少影响了基油市场。然而，2021年和2022年，由于汽车製造和其他行业生产活动活性化，基油市场出现復苏。

主要亮点

  • 亚太地区的快速工业化、对液压油和工业齿轮油等基油油的工业应用的考虑以及汽车产量和销量的增加预计将在预测期内推动市场成长。
  • 另一方面，由于偏好较低黏度基油基油的需求下降预计将阻碍预测期内的市场成长。
  • 然而，可再生基油和基油回收领域的技术创新有望提供市场研究机会。
  • 由于中国、印度和日本等国家的强劲需求，预计亚太地区将主导市场。

基油市场趋势

机油领域占据市场主导地位

  • 由于汽车、电力、重型机械、金属加工和化学等各行业对引擎油的需求不断增长，机油产业在基油市场中占据主导地位。
  • 机油广泛用于润滑内燃机。机油通常含有约 7% 至 10% 的添加化学物质，其余为基油。
  • 使用各种基油和添加剂配製引擎油时，氧化安定性、抗沉积性、抗磨损性和抗腐蚀性等性能是需要考虑的重要因素。高燃油效率引擎油由于具有防止漏油和减少消费量的特性，近来需求量很大。
  • 此外，商业实践的各种投资和开拓正在增加对机油的需求，这可能会提振基油市场。例如，2023 年 4 月，Brakes India 宣布透过 Revia 品牌进入润滑油领域。凭藉这个新品牌，该公司将多元化进军机油领域，同时满足乘用车和商用车领域的需求。
  • 此外，2023 年 3 月，埃克森美孚宣布将投资约 90 亿印度卢比（1.1 亿美元）在马哈拉斯特拉邦工业发展公司位于莱加德的伊桑贝工业区建造一座润滑油製造厂。新工厂每年将生产159,000千公升成品润滑油，预计2025年投入商业营运。
  • 此外，壳牌公司宣布将于2023年2月推出乘用车机油「Shell Helix SP HX8 0W-20」。据该公司称，该产品是一种全合成、符合 BS VI 标准的发动机油，专为涡轮增压缸内喷油(TGDI) 发动机而设计，可防止有害的低速提前点火器(LSPI)。该公司还表示，将提高车辆燃油效率，同时减少排放气体和引擎设计变化。
  • 汽车产业对机油的需求预计将增强基油市场。根据 OICA 的数据，2023 年全球汽车销量达到 9,272 万辆，而 2022 年为 8,287 万辆。
  • 因此，预计上述因素将影响预测期内机油领域基油的成长。

亚太地区主导市场

  • 预计亚太地区将主导全球市场。中国、印度、日本和韩国等国家正在增加各行业的润滑油消耗，该地区基油的使用量也正在增加。
  • 根据国际贸易局发布的资料，预计2026年中国车用润滑油需求将达51.9亿公升，2021年至2026年复合年增长率为5.41%。预计这将推动该国基油需求。
  • 同样，根据国家统计局公布的资料，2024年3月中国工业与前一年同期比较增4.5%。 2023年9月至2023年12月，製造业、公共产业和采矿业营运放缓，限制了工业总产值与前一年同期比较。
  • 在印度，汽车保有量的稳定成长（2023年汽车销售量将与前一年同期比较%）和工业活动的活性化（截至2024年2月以年度为基础增长5.7%）将导致基油需求旺盛预计将在预测期内领先。
  • 此外，在日本，各大型润滑油生产商依赖长期供应合约来满足国内基油需求。例如，出光兴产于2023年10月签署了谅解备忘录，以确保长期稳定采购III类基油。
  • 因此，预计上述因素将在预测期内对亚太基油市场产生重大影响。

基油产业概况

基油市场因其性质而分散。主要参与者（排名不分先后）包括埃克森美孚公司、沙乌地阿拉伯石油公司（阿美公司）、中油、雪佛龙公司和中国石油化学集团公司（中石化）。

其他好处：

  • Excel 格式的市场预测 (ME) 表
  • 3 个月分析师支持

目录

第一章简介

  • 调查先决条件
  • 调查范围

第二章调查方法

第三章执行摘要

第四章市场动态

  • 促进因素
    • 亚太地区快速工业化
    • 汽车产销量不断成长
  • 抑制因素
    • i基油需求减少
  • 产业价值链分析
  • 波特五力分析
    • 供应商的议价能力
    • 买方议价能力
    • 新进入者的威胁
    • 替代品的威胁
    • 竞争程度

第五章市场区隔（市场规模）

  • 类型
    • 我组
    • 第二组
    • 第三组
    • 第四组
    • 其他类型（V 类和生物基基油）
  • 目的
    • 机油
    • 变速箱齿轮油
    • 金属加工油
    • 油压
    • 润滑脂
    • 其他应用（加工油、透平油、压缩机油、循环油等）
  • 地区
    • 亚太地区
      • 中国
      • 印度
      • 日本
      • 韩国
      • 马来西亚
      • 印尼
      • 越南
      • 泰国
      • 其他亚太地区
    • 北美洲
      • 美国
      • 加拿大
      • 墨西哥
    • 欧洲
      • 德国
      • 英国
      • 法国
      • 义大利
      • 西班牙
      • 北欧国家
      • 土耳其
      • 俄罗斯
      • 其他欧洲国家
    • 南美洲
      • 巴西
      • 阿根廷
      • 哥伦比亚
      • 南美洲其他地区
    • 中东/非洲
      • 沙乌地阿拉伯
      • 南非
      • 阿拉伯聯合大公国
      • 埃及
      • 卡达
      • 奈及利亚
      • 其他中东/非洲

第六章 竞争状况

  • 併购、合资、联盟、协议
  • 市场占有率分析
  • 主要企业策略
  • 公司简介
    • ADNOC（Abu Dhabi National Oil Company）
    • Chevron Corporation
    • China Petrochemical Corporation（SINOPEC）
    • CNOOC Limited
    • Exxon Mobil Corporation
    • Formosa Petrochemical Corporation
    • Gazprom Neft PJSC
    • GS Caltex Corporation
    • Indian Oil Corporation Ltd
    • LUKOIL
    • Nynas AB
    • Petrobras
    • PetroChina
    • PETRONAS Lubricants International
    • Philips 66 Company
    • Repsol
    • Saudi Arabian Oil Co.（ARAMCO）
    • Sepahan Oil Company
    • Shandong Qingyuan Group Co. Ltd
    • Shell PLC
    • SK Innovation Co. Ltd
    • Total Energies

第七章 市场机会及未来趋势

  • 可再生基油领域的创新
  • 基油回收
简介目录
Product Code: 65723

The Base Oil Market size is estimated at 34.63 Million tons in 2024, and is expected to reach 37.31 Million tons by 2029, growing at a CAGR of 1.51% during the forecast period (2024-2029).

Base Oil - Market

The demand for base oil decreased significantly in 2020 due to the outbreak of COVID-19. The virus caused production to decline in the automotive industry and various other industrial units (aviation, industrial, etc.). The reduction in the consumption of engine oil, gear oil, greases, and metalworking fluid affected the base oil market. However, in 2021 and 2022, the base oil market recovered as car manufacturing and production activities across other industries ramped up.

Key Highlights

  • Rapid industrialization in Asia-Pacific, considering the industrial application of base oil such as hydraulic fluid and industrial gear oil, and growing automotive production and sales are expected to drive the market's growth during the forecast period.
  • On the flip side, the declining demand for group I base oils due to the preference for lighter viscosity base oils is likely to hamper the market's growth over the forecast period.
  • Nevertheless, innovations in the field of renewable base oils and recycling of base oils are anticipated to provide opportunities for the market studied.
  • Asia-Pacific is expected to dominate the market owing to significant demand from countries such as China, India, and Japan.

Base Oil Market Trends

The Engine Oil Segment to Dominate the Market

  • The engine oil segment dominates the base oil market due to the growing demand for engine oil from various industries such as automotive, power, heavy equipment, metalworking, and chemicals.
  • Engine oils are widely used to lubricate internal combustion engines. They generally contain about 7% to 10% additive chemicals, with the rest as base oil.
  • Properties like oxidation stability, deposit control, and wear and corrosion protection are the key factors taken into consideration when forming engine oils using different base oils and additives. High-mileage engine oils are in demand lately, owing to the properties that help prevent oil leaks and reduce oil consumption.
  • Additionally, various investments and developments in business practices are enhancing the demand for engine oil, which may boost the market for base oil. For instance, in April 2023, Brakes India announced it would enter the lubricants segment through the Revia brand. With its new brand, the company is diversifying into the engine oil space, catering to both passenger car and commercial vehicle segments.
  • Furthermore, in March 2023, Exxon Mobil Corporation announced the investment of nearly INR 900 crore (USD 110 million) to build a lubricant manufacturing plant at the Maharashtra Industrial Development Corporation's Isambe Industrial Area in Raigad. The new plant is expected to produce 159,000 kiloliters of finished lubricants per year, with commercial startup expected by 2025.
  • In addition, in February 2023, Shell PLC announced the launch of its passenger car motor oil portfolio, Shell Helix SP HX8 0W-20. According to the company, the product is a fully synthetic, BS VI-compliant engine oil designed for turbocharged petrol direct injection (TGDI) engines to protect against damaging low-speed pre-ignition (LSPI). The company also claims to aid a vehicle's fuel economy while reducing emissions and changes in engine design.
  • The demand for engine oil from the automotive sector is expected to enhance the base oil market. According to OICA, global motor vehicle sales amounted to 92.72 million in 2023 compared to 82.87 million in 2022.
  • Hence, the aforementioned factors are expected to influence the growth of base oil in the engine oil segment over the forecast period.

Asia-Pacific to Dominate the Market

  • Asia-Pacific is expected to dominate the global market. With the growing consumption of lubricants from various sectors in countries like China, India, Japan, and South Korea, the usage of base oil is increasing in the region.
  • According to the data published by the International Trade Administration, China's demand for automotive lubricants is expected to reach 5.19 billion liters in 2026, registering a CAGR of 5.41% during the 2021-26 period. It is expected to drive the demand for base oils in the country.
  • Similarly, according to the data published by the National Bureau of Statistics, China's industrial output grew by 4.5% year-on-year in March 2024. The slowdown of operations in the manufacturing, utilities, and mining sectors from September 2023 to December 2023 restricted the overall Y-o-Y growth of industrial output.
  • In India, strong growth in vehicle population (12% Y-o-Y growth in vehicle sales in 2023) and increasing industrial activity (5.7% on an annual basis in February 2024) are expected to drive the demand for base oils during the forecast period.
  • Additionally, in Japan, various large-scale lubricant manufacturers are relying on long-term supply contracts to meet the domestic base oil demand. For instance, in October 2023, Idemitsu Kosan Co. Ltd signed an MoU to secure a long-term stable procurement of group III base oil.
  • As a result, the above-mentioned factors are projected to substantially influence the base oil market in Asia-Pacific during the forecast period.

Base Oil Industry Overview

The base oil market is fragmented in nature. The major players (not in any particular order) include Exxon Mobil Corporation, Saudi Arabian Oil Co. (Aramco), PetroChina, Chevron Corporation, and China Petrochemical Corporation (SINOPEC).

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 Asia-Pacific
    • 4.1.2 Growing Automotive Production and Sales
  • 4.2 Restraints
    • 4.2.1 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 Buyers
    • 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 in 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 (Group V and Bio-based Base Oils)
  • 5.2 Application
    • 5.2.1 Engine Oils
    • 5.2.2 Transmission and Gear Oils
    • 5.2.3 Metalworking Fluids
    • 5.2.4 Hydraulic Fluids
    • 5.2.5 Greases
    • 5.2.6 Other Applications (Process Oils, Turbine Oil, Compressor Oil, Circulating Oils, etc.)
  • 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 Malayisa
      • 5.3.1.6 Indonesia
      • 5.3.1.7 Vietnam
      • 5.3.1.8 Thailand
      • 5.3.1.9 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 Spain
      • 5.3.3.6 NORDIC Countries
      • 5.3.3.7 Turkey
      • 5.3.3.8 Russia
      • 5.3.3.9 Rest of Europe
    • 5.3.4 South America
      • 5.3.4.1 Brazil
      • 5.3.4.2 Argentina
      • 5.3.4.3 Colombia
      • 5.3.4.4 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 United Arab Emirates
      • 5.3.5.4 Egypt
      • 5.3.5.5 Qatar
      • 5.3.5.6 Nigeria
      • 5.3.5.7 Rest of Middle East and Africa

6 COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 ADNOC (Abu Dhabi National Oil Company)
    • 6.4.2 Chevron Corporation
    • 6.4.3 China Petrochemical Corporation (SINOPEC)
    • 6.4.4 CNOOC Limited
    • 6.4.5 Exxon Mobil Corporation
    • 6.4.6 Formosa Petrochemical Corporation
    • 6.4.7 Gazprom Neft PJSC
    • 6.4.8 GS Caltex Corporation
    • 6.4.9 Indian Oil Corporation Ltd
    • 6.4.10 LUKOIL
    • 6.4.11 Nynas AB
    • 6.4.12 Petrobras
    • 6.4.13 PetroChina
    • 6.4.14 PETRONAS Lubricants International
    • 6.4.15 Philips 66 Company
    • 6.4.16 Repsol
    • 6.4.17 Saudi Arabian Oil Co. (ARAMCO)
    • 6.4.18 Sepahan Oil Company
    • 6.4.19 Shandong Qingyuan Group Co. Ltd
    • 6.4.20 Shell PLC
    • 6.4.21 SK Innovation Co. Ltd
    • 6.4.22 Total Energies

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Innovation in the Field of Renewable Base Oils
  • 7.2 Recycling of Base Oils