Asia-Pacific Base Oil Market by Type (Group I, Group II, Group III, Group IV, & Group V), by Application (Automotive, Industrial Application, & Others) - Trends & Forecast to 2020
The base oil market is expected to witness a steady growth rate in the next five years. The smooth function of machinery and equipment requires lubricants. Hence, industrial growth is driving the overall lubricants market and this in turn is increasing the demand for base oil. The emerging markets such as China and India are stimulating the growth of the base oil market due to increasing industrial production.
The report analyzes the Asia-Pacific base oil market trends and forecasts till 2020. The market size estimations have been provided in terms of market volume (KT). The report also identifies major manufacturers of base oil and provides analysis for each player in terms of company overview, financials, products offered, and recent developments.
The Asia-Pacific base oil market is expected to witness a CAGR of 3.5% between 2015 and 2020 and will reach market volume of 25, 226.5 KT in 2020. The Asia-Pacific base oil market has been segmented based on applications into automotive, industrial application, and others. The demand has increased from vehicle owners for high performance lubricants to substitute conventional lubricants. Hence, there a rise in the demand for synthetic lubricants and tus the demand of Group II and Group IV base oil is increasing
The high cost of certain base oil such as Group III and Group IV acts as a constraint for growth of the overall Asia-Pacific base oil market. In spite of the cost, the market for these types of base oil is expected to grow at higher rates than the other types. The demand for Group III and Group IV is driven due to its high performance.
The report analyzes the Asia-Pacific base oil market trends and forecasts till 2020. The market size estimations have been provided in terms of market volume (KT). The report also identifies major manufacturers of base oil and provides analysis for each player in terms of company overview, financials, products offered, and recent developments.
The Asia-Pacific base oil market is expected to witness a CAGR of 3.5% between 2015 and 2020 and will reach market volume of 25, 226.5 KT in 2020. The Asia-Pacific base oil market has been segmented based on applications into automotive, industrial application, and others. The demand has increased from vehicle owners for high performance lubricants to substitute conventional lubricants. Hence, there a rise in the demand for synthetic lubricants and tus the demand of Group II and Group IV base oil is increasing
The high cost of certain base oil such as Group III and Group IV acts as a constraint for growth of the overall Asia-Pacific base oil market. In spite of the cost, the market for these types of base oil is expected to grow at higher rates than the other types. The demand for Group III and Group IV is driven due to its high performance.
1 INTRODUCTION
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered in the Report
1.4 Currency & Pricing
1.5 Limitations
1.6 Stakeholders
2 RESEARCH METHODOLOGY
2.1 Market Size Estimation
2.2 Market Breakdown & Data Triangulation
2.3 Market Share Estimation
2.3.1 Key Insights
2.3.2 Assumptions
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 Attractive Opportunities in the Base Oil Market
4.2 Top Base Oil Types Consumed
4.3 Base Oil Market in the Asia-Pacific Region (2015-2020)
4.4 Asia-Pacific Base Oil Market: Countries With a High CAGR
4.5 Base Oil Market (2015-2020)
5 MARKET OVERVIEW
5.1 Introduction
5.2 Market Segmentation
5.2.1 By Type
5.2.2 By Application
5.2.3 By Region
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Growing Automotive Industry in the Asia-Pacific Region
5.3.1.2 Massive Industrial Growth in Asia-Pacific
5.3.2 Restraints
5.3.2.1 Shift Toward Group Iii Base Oil is Causing Shrinkage in the Overall Demand of Base Oil
5.3.2.2 High Price is Restraining the Growth of High Grade Base Oil
5.3.3 Opportunities
5.3.3.1 Industrial Growth in the Asia Pacific Region
5.3.3.2 New Government Regulations to Fuel the Market By Attracting Foreign Investments in India
6 INDUSTRY TRENDS
6.1 Introduction
6.2 Value Chain Analysis
6.3 Porter’s Five Forces Analysis
6.3.1 Threat of New Entrants
6.3.2 Threat of Substitutes
6.3.3 Bargaining Power of Suppliers
6.3.4 Bargaining Power of Buyers
6.3.5 Intensity of Competitive Rivalry
6.4 Strategic Benchmarking
6.4.1 Expansion
7 ASIA-PACIFIC BASE OIL MARKET, BY TYPE
7.1 Introduction
7.2 Market Size & Projection
7.2.1 Easy Availability & Low Cost Drive the Demand of Group I Base Oils
7.3 Group I Base Oils
7.3.1 High Intake Requirement to Enable Steady Demand of Group I Base Oils
7.4 Group Ii Base Oil
7.4.1 India to Outpace China in Group Ii Base Oil Demand
7.5 Group Iii Base Oil
7.5.1 Better Properties of Group Iii Base Oil to Boost Demand
7.6 Group Iv Base Oil
7.6.1 Use of High-End Vehicles Expected to Enhance the Growth of Group Iv Base Oil
7.7 Group V Base Oil
8 ASIA-PACIFIC BASE OIL MARKET, BY APPLICATION
8.1 Introduction
8.2 Market Size & Projection
8.2.1 Growth in Automotive Sector is Driving the Base Oil Demand
8.3 Automotive
8.3.1 China is the Largest Consumer of Base Oil in Automotive Application
8.4 Industrial Application
8.4.1 Increased Manufacturing Activities Driving the Growth in Asia-Pacific
8.5 Others
9 ASIA-PACIFIC BASE OIL MARKET, BY REGION
9.1 Introduction
9.1.1 Growing Industrial Activities Has Made China the Largest Consumer
9.1.2 Automotive Industry is the Largest Consumer of Base Oil in Asia-Pacific
9.1.3 China
9.1.4 India
9.1.5 Japan
9.1.6 Taiwan
9.1.7 Malaysia
9.1.8 South Korea
9.1.9 Singapore
9.1.10 Indonesia
9.1.11 Rest of Asia-Pacific
9.2 Asia-Pacific Base Oil Market, By Consumption
10 COMPETITIVE LANDSCAPE
10.1 Overview
10.2 Expansion: the Most Popular Growth Strategy
10.3 Maximum Developments in 2011 and 2013
10.4 Maximum Developments in Asia-Pacific
10.5 Exxon Mobil & Neste Oil: the Most Active Participants
10.6 Competitive Situation and Trends
10.6.1 Expansions
10.6.2 Joint Ventures
10.6.3 Contracts and Agreements
10.6.4 Divestment
11 COMPANY PROFILES
(Overview, Financial*, Products & Services, Strategy, and Developments)
11.1 Exxon Mobil Corporation
11.2 Chevron Corporation
11.3 Petroliam Nasional Berhad (Petronas)
11.4 Gs Caltex Corporation
11.5 Neste Oil
11.6 Royal Dutch Shell PLC.
11.7 Sinopec Limited
11.8 S-Oil Corporation.
11.9 Indian Oil Corporation Ltd.
11.10 Petrochina Company Limited
12 APPENDIX
12.1 Insights of Industry Experts
12.2 Recent Developments
12.3 Discussion Guide
12.4 Introducing RT: Real Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered in the Report
1.4 Currency & Pricing
1.5 Limitations
1.6 Stakeholders
2 RESEARCH METHODOLOGY
2.1 Market Size Estimation
2.2 Market Breakdown & Data Triangulation
2.3 Market Share Estimation
2.3.1 Key Insights
2.3.2 Assumptions
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 Attractive Opportunities in the Base Oil Market
4.2 Top Base Oil Types Consumed
4.3 Base Oil Market in the Asia-Pacific Region (2015-2020)
4.4 Asia-Pacific Base Oil Market: Countries With a High CAGR
4.5 Base Oil Market (2015-2020)
5 MARKET OVERVIEW
5.1 Introduction
5.2 Market Segmentation
5.2.1 By Type
5.2.2 By Application
5.2.3 By Region
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Growing Automotive Industry in the Asia-Pacific Region
5.3.1.2 Massive Industrial Growth in Asia-Pacific
5.3.2 Restraints
5.3.2.1 Shift Toward Group Iii Base Oil is Causing Shrinkage in the Overall Demand of Base Oil
5.3.2.2 High Price is Restraining the Growth of High Grade Base Oil
5.3.3 Opportunities
5.3.3.1 Industrial Growth in the Asia Pacific Region
5.3.3.2 New Government Regulations to Fuel the Market By Attracting Foreign Investments in India
6 INDUSTRY TRENDS
6.1 Introduction
6.2 Value Chain Analysis
6.3 Porter’s Five Forces Analysis
6.3.1 Threat of New Entrants
6.3.2 Threat of Substitutes
6.3.3 Bargaining Power of Suppliers
6.3.4 Bargaining Power of Buyers
6.3.5 Intensity of Competitive Rivalry
6.4 Strategic Benchmarking
6.4.1 Expansion
7 ASIA-PACIFIC BASE OIL MARKET, BY TYPE
7.1 Introduction
7.2 Market Size & Projection
7.2.1 Easy Availability & Low Cost Drive the Demand of Group I Base Oils
7.3 Group I Base Oils
7.3.1 High Intake Requirement to Enable Steady Demand of Group I Base Oils
7.4 Group Ii Base Oil
7.4.1 India to Outpace China in Group Ii Base Oil Demand
7.5 Group Iii Base Oil
7.5.1 Better Properties of Group Iii Base Oil to Boost Demand
7.6 Group Iv Base Oil
7.6.1 Use of High-End Vehicles Expected to Enhance the Growth of Group Iv Base Oil
7.7 Group V Base Oil
8 ASIA-PACIFIC BASE OIL MARKET, BY APPLICATION
8.1 Introduction
8.2 Market Size & Projection
8.2.1 Growth in Automotive Sector is Driving the Base Oil Demand
8.3 Automotive
8.3.1 China is the Largest Consumer of Base Oil in Automotive Application
8.4 Industrial Application
8.4.1 Increased Manufacturing Activities Driving the Growth in Asia-Pacific
8.5 Others
9 ASIA-PACIFIC BASE OIL MARKET, BY REGION
9.1 Introduction
9.1.1 Growing Industrial Activities Has Made China the Largest Consumer
9.1.2 Automotive Industry is the Largest Consumer of Base Oil in Asia-Pacific
9.1.3 China
9.1.4 India
9.1.5 Japan
9.1.6 Taiwan
9.1.7 Malaysia
9.1.8 South Korea
9.1.9 Singapore
9.1.10 Indonesia
9.1.11 Rest of Asia-Pacific
9.2 Asia-Pacific Base Oil Market, By Consumption
10 COMPETITIVE LANDSCAPE
10.1 Overview
10.2 Expansion: the Most Popular Growth Strategy
10.3 Maximum Developments in 2011 and 2013
10.4 Maximum Developments in Asia-Pacific
10.5 Exxon Mobil & Neste Oil: the Most Active Participants
10.6 Competitive Situation and Trends
10.6.1 Expansions
10.6.2 Joint Ventures
10.6.3 Contracts and Agreements
10.6.4 Divestment
11 COMPANY PROFILES
(Overview, Financial*, Products & Services, Strategy, and Developments)
11.1 Exxon Mobil Corporation
11.2 Chevron Corporation
11.3 Petroliam Nasional Berhad (Petronas)
11.4 Gs Caltex Corporation
11.5 Neste Oil
11.6 Royal Dutch Shell PLC.
11.7 Sinopec Limited
11.8 S-Oil Corporation.
11.9 Indian Oil Corporation Ltd.
11.10 Petrochina Company Limited
12 APPENDIX
12.1 Insights of Industry Experts
12.2 Recent Developments
12.3 Discussion Guide
12.4 Introducing RT: Real Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports
LIST OF TABLES
Table 1 Asia-Pacific: Annual GDP & Industrial Growth Rates, By Country
Table 2 Impact Analysis of Drivers
Table 3 Impact Analysis of Restraints
Table 4 Impact Analysis of Opportunities
Table 5 Lubricants Base Oil Categories
Table 6 Base Oil Market Size, By Type, 2013–2020 (KT)
Table 7 Group I Base Oil Market Size, By Country, 2013–2020 (KT)
Table 8 Group Ii Base Oil Market Size, By Region, 2013–2020 (KT)
Table 9 Group Iii Base Oil Market Size, By Region, 2013–2020 (KT)
Table 10 Group Iv Base Oil Market Size, By Region, 2013–2020 (KT)
Table 11 Group V Base Oil Market Size, By Region, 2013–2020 (KT)
Table 12 Base Oil Market Size, By Application, 2013–2020 (KT)
Table 13 Base Oil Market Size in Automotive Application, By Country, 2013–2020 (KT)
Table 14 Base Oil Market Size in Industrial Application, By Country, 2013–2020 (KT)
Table 15 Base Oil Market Size in Other Applications, By Country, 2013–2020 (KT)
Table 16 Base Oil Market Size, By Country, 2013–2020 (KT)
Table 17 Base Oil Market Size, By Country, 2013–2020 ($Million)
Table 18 Asia-Pacific: Base Oil Market Size, By Application, 2013–2020 (KT)
Table 19 Asia-Pacific: Base Oil Market Size, By Application, 2013–2020 ($Million)
Table 20 China: Base Oil Market Size, By Type, 2013–2020 (KT)
Table 21 China: Base Oil Market Size, By Application, 2013–2020 (KT)
Table 22 India: Base Oil Market Size, By Type, 2013–2020 (KT)
Table 23 India: Base Oil Market Size, By Application, 2013–2020 (KT)
Table 24 Japan: Base Oil Market Size, By Type, 2013–2020 (KT)
Table 25 Japan: Base Oil Market Size, By Application, 2013–2020 (KT)
Table 26 Taiwan: Base Oil Market Size, By Type, 2013–2020 (KT)
Table 27 Taiwan: Base Oil Market Size, By Application, 2013–2020 (KT)
Table 28 Malaysia: Base Oil Market Size, By Type, 2013–2020 (KT)
Table 29 Malaysia: Base Oil Market Size, By Application, 2013–2020 (KT)
Table 30 South Korea: Base Oil Market Size, By Type, 2013–2020 (KT)
Table 31 South Korea: Base Oil Market Size, By Application, 2013–2020 (KT)
Table 32 Singapore: Base Oil Market Size, By Type, 2013–2020 (KT)
Table 33 Singapore: Base Oil Market Size, By Application, 2013–2020 (KT)
Table 34 Indonesia: Base Oil Market Size, By Type, 2013–2020 (KT)
Table 35 Indonesia: Base Oil Market Size, By Application, 2013–2020 (KT)
Table 36 Rest of Asia-Pacific: Base Oil Market Size, By Type, 2013–2020 (KT)
Table 37 Rest of Asia-Pacific: Base Oil Market Size, By Application, 2013–2020 (KT)
Table 38 Base Oil Market Consumption, By Country, 2010–2014 (KT)
Table 39 Expansion, 2011–2014
Table 1 Asia-Pacific: Annual GDP & Industrial Growth Rates, By Country
Table 2 Impact Analysis of Drivers
Table 3 Impact Analysis of Restraints
Table 4 Impact Analysis of Opportunities
Table 5 Lubricants Base Oil Categories
Table 6 Base Oil Market Size, By Type, 2013–2020 (KT)
Table 7 Group I Base Oil Market Size, By Country, 2013–2020 (KT)
Table 8 Group Ii Base Oil Market Size, By Region, 2013–2020 (KT)
Table 9 Group Iii Base Oil Market Size, By Region, 2013–2020 (KT)
Table 10 Group Iv Base Oil Market Size, By Region, 2013–2020 (KT)
Table 11 Group V Base Oil Market Size, By Region, 2013–2020 (KT)
Table 12 Base Oil Market Size, By Application, 2013–2020 (KT)
Table 13 Base Oil Market Size in Automotive Application, By Country, 2013–2020 (KT)
Table 14 Base Oil Market Size in Industrial Application, By Country, 2013–2020 (KT)
Table 15 Base Oil Market Size in Other Applications, By Country, 2013–2020 (KT)
Table 16 Base Oil Market Size, By Country, 2013–2020 (KT)
Table 17 Base Oil Market Size, By Country, 2013–2020 ($Million)
Table 18 Asia-Pacific: Base Oil Market Size, By Application, 2013–2020 (KT)
Table 19 Asia-Pacific: Base Oil Market Size, By Application, 2013–2020 ($Million)
Table 20 China: Base Oil Market Size, By Type, 2013–2020 (KT)
Table 21 China: Base Oil Market Size, By Application, 2013–2020 (KT)
Table 22 India: Base Oil Market Size, By Type, 2013–2020 (KT)
Table 23 India: Base Oil Market Size, By Application, 2013–2020 (KT)
Table 24 Japan: Base Oil Market Size, By Type, 2013–2020 (KT)
Table 25 Japan: Base Oil Market Size, By Application, 2013–2020 (KT)
Table 26 Taiwan: Base Oil Market Size, By Type, 2013–2020 (KT)
Table 27 Taiwan: Base Oil Market Size, By Application, 2013–2020 (KT)
Table 28 Malaysia: Base Oil Market Size, By Type, 2013–2020 (KT)
Table 29 Malaysia: Base Oil Market Size, By Application, 2013–2020 (KT)
Table 30 South Korea: Base Oil Market Size, By Type, 2013–2020 (KT)
Table 31 South Korea: Base Oil Market Size, By Application, 2013–2020 (KT)
Table 32 Singapore: Base Oil Market Size, By Type, 2013–2020 (KT)
Table 33 Singapore: Base Oil Market Size, By Application, 2013–2020 (KT)
Table 34 Indonesia: Base Oil Market Size, By Type, 2013–2020 (KT)
Table 35 Indonesia: Base Oil Market Size, By Application, 2013–2020 (KT)
Table 36 Rest of Asia-Pacific: Base Oil Market Size, By Type, 2013–2020 (KT)
Table 37 Rest of Asia-Pacific: Base Oil Market Size, By Application, 2013–2020 (KT)
Table 38 Base Oil Market Consumption, By Country, 2010–2014 (KT)
Table 39 Expansion, 2011–2014
The report "Asia-Pacific Base Oil Market by Type (Group I, Group II, Group III, Group IV, & Group V), by Application (Automotive, Industrial Application, & Others) - Trends & Forecast to 2020", defines and segments the Asia-Pacific base oil market with analysis and forecasting in terms of value and volume.
The Asia-Pacific base oil market volume expected to grow from an estimated 21,230.2 KT in 2015 to 25,226.5 KT by 2020, with a CAGR of 3.5% between 2015 and 2020.
The lubricants market has witnessed number of expansions and new product launches in the recent past.
The top companies in the lubricants market include
- Royal Dutch Shell plc (TheNetherlands)
- Lukoil (Russia)
- Exxon Mobil Corporation (U.S.)
- BP plc (U.K.)
- Total S.A. (France)
Asia-Pacific is the fastest growing lubricants market, at a CAGR of 3.0% between 2014 and 2019. Asia-Pacific and The Middle East & Africa regions are expected to drive the lubricants materials market. These markets together accounted for around 51.0% of the total market in 2013. The growing automotive sector and industrial production have led to an enhanced demand for lubricants. The transportation industry in these regions has a high share in the lubricants market.
The Chinese market is the largest for lubricants comprising more than 56.0% of the total Asia-Pacific market in 2013. The market in China for lubricants is estimated to grow at a high rate in the next five years due to increasing industrial activities in the country. It surpassed the top lubricants market the U.S. in the recent past and is projected to continue to dominate the lubricants market. The North American market has reached its mature stage, and hence, will register a sluggish growth.
The adoption of bio-based lubricants to reduce harmful environmental effects is the current trend in the lubricants market and is boosting the overall growth of the market. The need to enhance fuel efficiency of vehicles has led to replacement of traditional materials with synthetic lubricants. This trend also has a high influence on the overall market.
