基礎油市場 - 增長、趨勢、COVID-19 的影響、預測 (2023-2028)
市場調查報告書
商品編碼
1190028

基礎油市場 - 增長、趨勢、COVID-19 的影響、預測 (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個工作天內

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簡介目錄

2021年基礎油市場規模預計約為3000萬升,預計在預測期內(2022-2027年)複合年增長率將超過2%。

在大流行的推動下,汽車行業的衰退以及汽車製造和各種工業部門的暫時停工減少了發動機油、齒輪油、潤滑脂和金屬加工液的消耗,對基礎油需求造成下行壓力。增加。 然而,隨著汽車製造的增加,該市場將在 2021 年略有增長。 根據 OICA 的數據,2021 年 1 月至 9 月的全球汽車產量與 2020 年同期相比增長了 9%。

主要亮點

  • 短期內,考慮到基礎油(例如液壓油和工業齒輪油)的工業用途,新興國家的快速工業化是市場增長的主要驅動力。
  • 另一方面,汽車製造商縮小發動機尺寸和延長換油間隔的努力可能會阻礙市場增長。
  • 隨著電動汽車的普及,機油的消耗量預計會減少,這可能會阻礙未來幾年的市場增長。
  • 主導市場的 I 類基礎油預計在預測期內將下降,被 II 類和 III 類基礎油取代。
  • 預計新興市場基礎油產能的擴張將為預測期內的市場研究提供機會。
  • 亞太地區主導市場,預計在預測期內將繼續保持最高的複合年增長率。

基礎油市場趨勢

機油板塊主導市場需求

  • 由於汽車、電力、重型設備、金屬加工、化工等行業對發動機油的需求不斷增長,因此發動機油領域主導著基礎油需求。
  • 發動機油廣泛用於潤滑內燃機,由 75-90% 的基礎油和 10-25% 的添加劑組成。
  • 發動機油通常用於減少發動機內部的磨損、防止腐蝕並保持發動機平穩運行。 它的工作原理是在運動部件之間形成一層薄膜,以促進熱傳遞並減輕部件接觸時的張力。
  • 根據 OICA 數據,2021 年 1 月至 9 月全球汽車產量將達到 57,262,777 輛,而 2020 年 1 月至 9 月為 52,146,292 輛。
  • 2021 年全年,全球大部分主要地區的汽車銷量均小幅增長。 中國仍然是世界上最大、表現最好的主要單一國家汽車市場,銷量增長 6.6% 至超過 2100 萬輛。
  • 印度的汽車銷量以 27% 的速度快速增長,而整個汽車市場仍然相對較小。 2021年,日本和歐洲的乘用車新註冊量將下降,而俄羅斯、美國和巴西的微型車市場將小幅增長。
  • 因此,預計上述因素將在未來幾年對發動機油市場產生重大影響。

亞太地區主導市場

  • 亞太地區佔全球市場的大部分。 馬來西亞、印度和泰國正在增加對汽車行業的投資。 例如,由中國上汽集團與泰國正大集團聯合開發的英國品牌MG,在泰國推出了首款皮卡車“Extender”,預計在預測期內將增加該地區的機油消耗量。
  • 根據德國汽車製造商協會的數據,到 2021 年,中國的年汽車銷量將達到 2109.02 萬輛,成為全球最大的市場。
  • 2021 年印度的新車銷量將從 2020 年的 243.51 萬輛增長 26.7% 至 308.24 萬輛,使其成為全球最大的高增長率市場之一。 儘管2019年印度的汽車銷量有所增長,但市場比2018年和2017年下降了約10%。
  • 2021 年印度尼西亞、泰國、馬來西亞、越南、菲律賓和新加坡的新車銷量將達到 279 萬輛,比 2020 年增長 14%,其中印度尼西亞以 67% 的增幅位居榜首。
  • 因此,上述因素預計將在不久的將來對該地區的基礎油市場產生重大影響。

其他好處

  • Excel 格式的市場預測 (ME) 表
  • 三個月的分析師支持

內容

第一章介紹

  • 調查先決條件
  • 調查範圍

第二章研究方法論

第 3 章執行摘要

第四章市場動態

  • 司機
    • 發展中國家的快速工業化
    • 其他司機
  • 約束因素
    • 汽車製造商縮小發動機尺寸並延長換油週期
    • 對第 i 類基礎油的需求下降
  • 工業價值鏈分析
  • 波特的五力分析
    • 供應商的議價能力
    • 消費者的議價能力
    • 新進入者的威脅
    • 替代品的威脅
    • 競爭程度

第 5 章市場細分(市場規模和交易量基礎)

  • 類型
    • 第一組
    • 第二組
    • 第三組
    • 第四組
    • 其他類型
  • 用法
    • 機油
    • 齒輪油
    • 金屬加工液
    • 一般工業用油
    • 潤滑脂
    • 加工油
    • 其他用途
  • 按地區
    • 亞太地區
      • 中國
      • 印度
      • 日本
      • 韓國
      • 其他亞太地區
    • 北美
      • 美國
      • 加拿大
      • 墨西哥
    • 歐洲
      • 德國
      • 英國
      • 法國
      • 意大利
      • 其他歐洲
    • 南美洲
      • 巴西
      • 阿根廷
      • 其他南美洲
    • 中東和非洲
      • 沙特阿拉伯
      • 南非
      • 其他中東和非洲地區

第六章競爭格局

  • 併購、合資企業、合作、合同
  • 市場份額/排名分析
  • 主要參與者採用的策略
  • 公司簡介
    • 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

第七章市場機會與未來趨勢

  • 擴大新興國家的產能
  • 可再生基礎油領域的創新
簡介目錄
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