Assessment of China's Market for Industrial Lubricants
BEIJING- March 3, 2011 – GCiS China Strategic Research has published a study of the China market for industrial lubricants, which covers oil and synthetic, non-automotive lubricants excluding grease. The market is estimated at 3.5 million tons at the end of 2010, growing by around 5% in that year. In monetary terms, this market is valued at around RMB 50 billion.
A useful proxy for analyzing general industrial trends, the consumption of industrial lubricants resembles that of fixed asset investment in China. Manufacturing and construction, metallurgy and mining make up the bulk of the industrial lubricants market, with significant purchases of hydraulic oil and gear oil. This mirrors the investment in China’s primary industries and industrial expansion by both public and private concerns.
However, revenue growth will exceed that of output. Future growth rates of 13% are expected in nominal terms, as lubricants get more expensive. “Customers will face higher prices, and input costs such as oil and labor are a factor,” said Jessie Jiang, senior analyst and co-author of the study. But quality is a driver too. The demand for higher quality lubricants has spread in the wake of greater Class II Base Oil adoption and government promotional efforts. “Better lubricants save energy and increase the lifespan of machinery,” Jiang added. “Customer awareness of these attributes has increased.”
About the GCIS China Industrial Lubricants Study
This GCiS market study draws on a three month, in-depth primary survey of over 90 of the market’s supply side, channel players and end-users. It is essential reading for any professional needing accurate and detailed strategic information on this market. Major areas covered include: market size and shares, five-year projections, market structure, pricing trends, distribution, consumption, an assessment of key suppliers and more.
A useful proxy for analyzing general industrial trends, the consumption of industrial lubricants resembles that of fixed asset investment in China. Manufacturing and construction, metallurgy and mining make up the bulk of the industrial lubricants market, with significant purchases of hydraulic oil and gear oil. This mirrors the investment in China’s primary industries and industrial expansion by both public and private concerns.
However, revenue growth will exceed that of output. Future growth rates of 13% are expected in nominal terms, as lubricants get more expensive. “Customers will face higher prices, and input costs such as oil and labor are a factor,” said Jessie Jiang, senior analyst and co-author of the study. But quality is a driver too. The demand for higher quality lubricants has spread in the wake of greater Class II Base Oil adoption and government promotional efforts. “Better lubricants save energy and increase the lifespan of machinery,” Jiang added. “Customer awareness of these attributes has increased.”
About the GCIS China Industrial Lubricants Study
This GCiS market study draws on a three month, in-depth primary survey of over 90 of the market’s supply side, channel players and end-users. It is essential reading for any professional needing accurate and detailed strategic information on this market. Major areas covered include: market size and shares, five-year projections, market structure, pricing trends, distribution, consumption, an assessment of key suppliers and more.
CHAPTER 1: INTRODUCTION
I. INTRODUCTION
LPS Overview
Sections of the Study
Sampling
Figure 1.1: Total Sampling by Target Group
Supplier Sampling
Figure 1.2: Index of Size Breakdown Scheme
Figure 1.3: Proportion of Suppliers in Sample, by Category
Channel Players Sampling & Segmentation Definition
Sampling – Suppliers and Distributors
Figure 1.4: Supplier Sample Representation
Figure 1.5: Channel Player Sample Representation
Product Definitions
End-user Industry Definitions
II. DEFINITIONS AND PROCESS
Abbreviations
Figure 1.6: Glossary of Industry Terms in English and Chinese
Methodology: Segmentation of the Cryogenic Equipment Market By End User Industry
Figure 1.7: GCiS Standard China Geographic Segmentation
GCiS Regional Segmentation
Locations by Tier in China
Figure 1.8: Overview: The Pearl River Delta
Figure 1.9: Overview: The Yangtze River Delta
Figure 1.10: Overview: The Bohai Rim
About Limited Publication Studies
CHAPTER 2: TOTAL ANALYSIS
I. EXECUTIVE SUMMARY
Market in Sum
Figure 2.1: Summary of Key Market Figures- China 2009 Industrial Lubricant Market
Figure 2.2: China Industrial Lubricant Market Size Figures
Figure 2.3: Key Benchmark Data- China Industrial Lubricant Market
Figure 2.4: Snapshot of Key Market Entry Issues
Key Findings
Market Drivers, Inhibitors
Figure 2.5: Drivers and Inhibitors – Chart
Regulatory Factors
Figure 2.6: Relevant Government Bodies
Figure 2.7: Related Bodies and Organizations
Corporate and Regulatory News
Figure 2.8: Information on China Industrial Lubricant Market’s Main Events
Figure 2.9: Snapshot of Key Market Entry Issues
Market Opportunities
Figure 2.10: GCiS China Market Opportunities Assessment (by Market Segment)
Figure 2.11: Market Opportunity Matrix for Biofuels Suppliers by Industry
Figure 2.12: Opportunity Qualitative & Quantitative Assessment – Industry
Figure 2.13: Market Opportunity Matrix for Biofuels Suppliers by Product
Figure 2.14: Opportunity Qualitative & Quantitative Assessment – Product
Expert Views
Recommendations
II. MARKET FigureS
Key Findings
Market Figures Overview
Figure 2.15: China Industrial Lubricants Market Breakdown by Product – Chart
Figure 2.16: Industrial Lubricant Market Segmentation by Product Type - 2009
Market Breakdown
Figure 2.17: China’s Industrial Lubricants Market Breakdown
Figure 2.18: Total Revenues by End User Industry (RMB Mn) 2010
Figure 2.19: Total Revenues by Industry Segment 2010
Figure 2.20: Percentages of Total Revenue by End User Industry 2010
Figure 2.21: Revenue Breakdown by Region (2010) – Total Chart
Figure 2.22: Sales by End User Industry and Region 2009 (RMB Mn)
Figure 2.23: Regional Consumption by End-user Industry
Figure 2.24: Classification of Provinces by Region
Figure 2.25: Estimated Market Share of Industrial Lubricant Suppliers by Company
Figure 2.26: Estimated Market Share by Supplier – Chart
Growth Rates and Forecast
Figure 2.27: Weighted Growth Rate by End-User Industry (2010)
Figure 2.28: 2009-2015 Industrial Lubricant Market Size by Industry (RMB Bn)
Figure 2.29: Industrial Lubricant China Market Size (2009-2015)
Figure 2.30: Year-on-Year Growth for Projection Period (RMB Mn)
Figure 2.31: Past Year-on-Year Growth Rates of End User Markets (2005-2009)
III. COMPETITIVE AND DOWNSTREAM ANALYSIS
Key Findings
Market Structure
Figure 2.32: Concentration of Lubricants Suppliers (Mn RMB)
Figure 2.33: Size Definitions
Figure 2.34: Revenue Market Share by Tier
Figure 2.35: Five Forces Analysis
Downstream Analysis
Figure 2.36: China Power Converters Market Value Chain
Marketing Methods
Figure 2.37: Percentage of Distributor Sales By End User Industry
Figure 2.38: Percentage of Distributor Sales by Product Type
Figure 2.39: Percentage of Distributor Sales by Supplier / Brand
CHAPTER 3: SEGMENT ANALYSIS
I. MANUFACTURING AND CONSTRUCTION
Key Findings
Figure 3.1.I: Foreign and Domestic Market Shares - Manufacture and Construction
Supplier Overview
Figure 3.2.I: Consumption and Market Size – Manufacture and Construction
Figure 3.3.I: Consumption and Market Size – Manufacture and Construction - Chart
Figure 3.4.I: Revenues and Output of Lubricants – Manufacture and Construction
Figure 3.5.I: Revenues and Output of Lubricants – Manufacture and Construction - Chart
Figure 3.6.I: Lubricant Market by Tier – Manufacture and Construction
Figure 3.7.I: Regional Breakdown – Manufacture and Construction Industry
Figure 3.8.I: Regional Breakdown –Manufacture and Construction Industry – Chart
Figure 3.9.I: Examples of Lubricant Sales – Manufacture and Construction Industry
Figure 3.10.I: Pricing Information – Manufacture and Construction
Growth and Projections
Figure 3.11.I: Industry Lubricant Year on Year Growth - Manufacture and Construction Chart
II. METALLURGY
Key Findings
Figure 3.1.II: Foreign and Domestic Market Shares – Metallurgy
Supplier Overview
Figure 3.2.II: Consumption and Market Size – Metallurgy
Figure 3.3.II: Consumption and Market Size – Metallurgy - Chart
Figure 3.10.II: Pricing Information – Metallurgy 3.17
Growth and Projections
Figure 3.11.II: Industry Lubricant Year on Year Growth - Metallurgy – Chart
III. MINING
Key Findings
Figure 3.1.III: Foreign and Domestic Market Shares – Mining Segment
Supplier Overview
Figure 3.2.III: Consumption and Market Size – Mining
Figure 3.3.III: Consumption and Market Size – Mining - Chart
Figure 3.4.III: Revenues and Output of Lubricants – Mining
Figure 3.5.III: Revenues and Output of Lubricants – Mining- Chart
Figure 3.6.III: Lubricant Market by Tier – Mining (Es
Figure 3.7.III: Regional Breakdown – Mining
Figure 3.8.III: Regional Breakdown – Mining – Chart
Figure 3.9.III: Examples of Lubricant Sales – Mining
Figure 3.10.III: Pricing Information – Mining 3.25
Growth and Projections
Figure 3.11.III: Industry Lubricant Year on Year Growth - Mining – Chart
IV. Marine
Key Findings
Figure 3.1.IV: Foreign and Domestic Market Shares – Marine
Supplier Overview
Figure 3.2.IV: Consumption and Market Size – Marine
Figure 3.3.IV: Consumption and Market Size – Marine - Chart
Figure 3.4.IV: Revenues and Output of Lubricants – Marine
Figure 3.5.IV: Revenues and Output of Lubricants – Marine- Chart
Figure 3.6.IV: Lubricant Market by Tier – Marine (Es
Figure 3.7.IV: Regional Breakdown – Marine
Figure 3.8.IV: Regional Breakdown – Marine – Chart
Figure 3.9.IV: Examples of Lubricant Sales – Marine
Figure 3.10.IV: Pricing Information – Marine 3.33
Growth and Projections
Figure 3.11.IV: Industry Lubricant Year on Year Growth - Marine – Chart
V. CEMENT
Key Findings
Figure 3.1.V: Foreign and Domestic Market Shares – Cement
Supplier Overview
Figure 3.2.V: Consumption and Market Size – Cement
Figure 3.3.V: Consumption and Market Size – Cement - Chart
Figure 3.4.V: Revenues and Output of Lubricants – Cement
Figure 3.5.V: Revenues and Output of Lubricants – Cement - Chart
Figure 3.6.V: Lubricant Market by Tier – Cement (Es
Figure 3.7.V: Regional Breakdown – Cement
Figure 3.8.V: Regional Breakdown – Cement – Chart
Figure 3.9.V: Examples of Lubricant Sales – Cement
Figure 3.10.V: Pricing Information – Cement
Growth and Projections
Figure 3.11.V: Industry Lubricant Year on Year Growth - Cement – Chart
VI. POWER
Key Findings
Figure 3.1.VI: Foreign and Domestic Market Shares – Power
Supplier Overview
Figure 3.2.VI: Consumption and Market Size – Power
Figure 3.3.VI: Consumption and Market Size – Power - Chart
Figure 3.4.VI: Revenues and Output of Lubricants – Power
Figure 3.5.VI: Revenues and Output of Lubricants – Power - Chart
Figure 3.6.VI: Lubricant Market by Tier – Power
Figure 3.7.VI: Regional Breakdown – Power
Figure 3.8.VI: Regional Breakdown – Power – Chart
Figure 3.9.VI: Examples of Lubricant Sales – Power
Figure 3.10.VI: Pricing Information – Power 3.49
Growth and Projections
Figure 3.11.VI: Industry Lubricant Year on Year Growth - Power – Chart
APPENDIX I: SUPPLIER PRICING PROFILES
LIST OF CONTACTS
I. INTRODUCTION
LPS Overview
Sections of the Study
Sampling
Figure 1.1: Total Sampling by Target Group
Supplier Sampling
Figure 1.2: Index of Size Breakdown Scheme
Figure 1.3: Proportion of Suppliers in Sample, by Category
Channel Players Sampling & Segmentation Definition
Sampling – Suppliers and Distributors
Figure 1.4: Supplier Sample Representation
Figure 1.5: Channel Player Sample Representation
Product Definitions
End-user Industry Definitions
II. DEFINITIONS AND PROCESS
Abbreviations
Figure 1.6: Glossary of Industry Terms in English and Chinese
Methodology: Segmentation of the Cryogenic Equipment Market By End User Industry
Figure 1.7: GCiS Standard China Geographic Segmentation
GCiS Regional Segmentation
Locations by Tier in China
Figure 1.8: Overview: The Pearl River Delta
Figure 1.9: Overview: The Yangtze River Delta
Figure 1.10: Overview: The Bohai Rim
About Limited Publication Studies
CHAPTER 2: TOTAL ANALYSIS
I. EXECUTIVE SUMMARY
Market in Sum
Figure 2.1: Summary of Key Market Figures- China 2009 Industrial Lubricant Market
Figure 2.2: China Industrial Lubricant Market Size Figures
Figure 2.3: Key Benchmark Data- China Industrial Lubricant Market
Figure 2.4: Snapshot of Key Market Entry Issues
Key Findings
Market Drivers, Inhibitors
Figure 2.5: Drivers and Inhibitors – Chart
Regulatory Factors
Figure 2.6: Relevant Government Bodies
Figure 2.7: Related Bodies and Organizations
Corporate and Regulatory News
Figure 2.8: Information on China Industrial Lubricant Market’s Main Events
Figure 2.9: Snapshot of Key Market Entry Issues
Market Opportunities
Figure 2.10: GCiS China Market Opportunities Assessment (by Market Segment)
Figure 2.11: Market Opportunity Matrix for Biofuels Suppliers by Industry
Figure 2.12: Opportunity Qualitative & Quantitative Assessment – Industry
Figure 2.13: Market Opportunity Matrix for Biofuels Suppliers by Product
Figure 2.14: Opportunity Qualitative & Quantitative Assessment – Product
Expert Views
Recommendations
II. MARKET FigureS
Key Findings
Market Figures Overview
Figure 2.15: China Industrial Lubricants Market Breakdown by Product – Chart
Figure 2.16: Industrial Lubricant Market Segmentation by Product Type - 2009
Market Breakdown
Figure 2.17: China’s Industrial Lubricants Market Breakdown
Figure 2.18: Total Revenues by End User Industry (RMB Mn) 2010
Figure 2.19: Total Revenues by Industry Segment 2010
Figure 2.20: Percentages of Total Revenue by End User Industry 2010
Figure 2.21: Revenue Breakdown by Region (2010) – Total Chart
Figure 2.22: Sales by End User Industry and Region 2009 (RMB Mn)
Figure 2.23: Regional Consumption by End-user Industry
Figure 2.24: Classification of Provinces by Region
Figure 2.25: Estimated Market Share of Industrial Lubricant Suppliers by Company
Figure 2.26: Estimated Market Share by Supplier – Chart
Growth Rates and Forecast
Figure 2.27: Weighted Growth Rate by End-User Industry (2010)
Figure 2.28: 2009-2015 Industrial Lubricant Market Size by Industry (RMB Bn)
Figure 2.29: Industrial Lubricant China Market Size (2009-2015)
Figure 2.30: Year-on-Year Growth for Projection Period (RMB Mn)
Figure 2.31: Past Year-on-Year Growth Rates of End User Markets (2005-2009)
III. COMPETITIVE AND DOWNSTREAM ANALYSIS
Key Findings
Market Structure
Figure 2.32: Concentration of Lubricants Suppliers (Mn RMB)
Figure 2.33: Size Definitions
Figure 2.34: Revenue Market Share by Tier
Figure 2.35: Five Forces Analysis
Downstream Analysis
Figure 2.36: China Power Converters Market Value Chain
Marketing Methods
Figure 2.37: Percentage of Distributor Sales By End User Industry
Figure 2.38: Percentage of Distributor Sales by Product Type
Figure 2.39: Percentage of Distributor Sales by Supplier / Brand
CHAPTER 3: SEGMENT ANALYSIS
I. MANUFACTURING AND CONSTRUCTION
Key Findings
Figure 3.1.I: Foreign and Domestic Market Shares - Manufacture and Construction
Supplier Overview
Figure 3.2.I: Consumption and Market Size – Manufacture and Construction
Figure 3.3.I: Consumption and Market Size – Manufacture and Construction - Chart
Figure 3.4.I: Revenues and Output of Lubricants – Manufacture and Construction
Figure 3.5.I: Revenues and Output of Lubricants – Manufacture and Construction - Chart
Figure 3.6.I: Lubricant Market by Tier – Manufacture and Construction
Figure 3.7.I: Regional Breakdown – Manufacture and Construction Industry
Figure 3.8.I: Regional Breakdown –Manufacture and Construction Industry – Chart
Figure 3.9.I: Examples of Lubricant Sales – Manufacture and Construction Industry
Figure 3.10.I: Pricing Information – Manufacture and Construction
Growth and Projections
Figure 3.11.I: Industry Lubricant Year on Year Growth - Manufacture and Construction Chart
II. METALLURGY
Key Findings
Figure 3.1.II: Foreign and Domestic Market Shares – Metallurgy
Supplier Overview
Figure 3.2.II: Consumption and Market Size – Metallurgy
Figure 3.3.II: Consumption and Market Size – Metallurgy - Chart
Figure 3.10.II: Pricing Information – Metallurgy 3.17
Growth and Projections
Figure 3.11.II: Industry Lubricant Year on Year Growth - Metallurgy – Chart
III. MINING
Key Findings
Figure 3.1.III: Foreign and Domestic Market Shares – Mining Segment
Supplier Overview
Figure 3.2.III: Consumption and Market Size – Mining
Figure 3.3.III: Consumption and Market Size – Mining - Chart
Figure 3.4.III: Revenues and Output of Lubricants – Mining
Figure 3.5.III: Revenues and Output of Lubricants – Mining- Chart
Figure 3.6.III: Lubricant Market by Tier – Mining (Es
Figure 3.7.III: Regional Breakdown – Mining
Figure 3.8.III: Regional Breakdown – Mining – Chart
Figure 3.9.III: Examples of Lubricant Sales – Mining
Figure 3.10.III: Pricing Information – Mining 3.25
Growth and Projections
Figure 3.11.III: Industry Lubricant Year on Year Growth - Mining – Chart
IV. Marine
Key Findings
Figure 3.1.IV: Foreign and Domestic Market Shares – Marine
Supplier Overview
Figure 3.2.IV: Consumption and Market Size – Marine
Figure 3.3.IV: Consumption and Market Size – Marine - Chart
Figure 3.4.IV: Revenues and Output of Lubricants – Marine
Figure 3.5.IV: Revenues and Output of Lubricants – Marine- Chart
Figure 3.6.IV: Lubricant Market by Tier – Marine (Es
Figure 3.7.IV: Regional Breakdown – Marine
Figure 3.8.IV: Regional Breakdown – Marine – Chart
Figure 3.9.IV: Examples of Lubricant Sales – Marine
Figure 3.10.IV: Pricing Information – Marine 3.33
Growth and Projections
Figure 3.11.IV: Industry Lubricant Year on Year Growth - Marine – Chart
V. CEMENT
Key Findings
Figure 3.1.V: Foreign and Domestic Market Shares – Cement
Supplier Overview
Figure 3.2.V: Consumption and Market Size – Cement
Figure 3.3.V: Consumption and Market Size – Cement - Chart
Figure 3.4.V: Revenues and Output of Lubricants – Cement
Figure 3.5.V: Revenues and Output of Lubricants – Cement - Chart
Figure 3.6.V: Lubricant Market by Tier – Cement (Es
Figure 3.7.V: Regional Breakdown – Cement
Figure 3.8.V: Regional Breakdown – Cement – Chart
Figure 3.9.V: Examples of Lubricant Sales – Cement
Figure 3.10.V: Pricing Information – Cement
Growth and Projections
Figure 3.11.V: Industry Lubricant Year on Year Growth - Cement – Chart
VI. POWER
Key Findings
Figure 3.1.VI: Foreign and Domestic Market Shares – Power
Supplier Overview
Figure 3.2.VI: Consumption and Market Size – Power
Figure 3.3.VI: Consumption and Market Size – Power - Chart
Figure 3.4.VI: Revenues and Output of Lubricants – Power
Figure 3.5.VI: Revenues and Output of Lubricants – Power - Chart
Figure 3.6.VI: Lubricant Market by Tier – Power
Figure 3.7.VI: Regional Breakdown – Power
Figure 3.8.VI: Regional Breakdown – Power – Chart
Figure 3.9.VI: Examples of Lubricant Sales – Power
Figure 3.10.VI: Pricing Information – Power 3.49
Growth and Projections
Figure 3.11.VI: Industry Lubricant Year on Year Growth - Power – Chart
APPENDIX I: SUPPLIER PRICING PROFILES
LIST OF CONTACTS
