US lubricant demand will rise less than one percent annually to 2.5 billion gallons in 2018, valued at $27.5 billion. Although growth will be modest, this will be a reversal of an outright drop in demand between 2008 and 2013. Improved efficiency and less frequent oil replacement will be a common trend throughout light vehicle and other lubricant markets.This study analyzes the 2.4 billion gallon US lubricant industry. It presents historical demand data for 2003, 2008 and 2013, with forecasts for 2018 and 2023 by basestock (e.g., petroleum, synthetic, re-refined, bio-based), formulation, product (e.g., engine oils, process oils, transmission and hydraulic fluids, metalworking fluids, general industrial oils, gear oils, greases) and market (e.g., light vehicles, commercial and industrial, transportation equipment, nondurable goods manufacturing, durable goods manufacturing).The study also considers market environment factors, details industry structure, evaluates company market share and profiles 38 industry competitors, including Shell, Exxon Mobil and Chevron.
Freedonia Market Research—Reports provide industry insights targeting market size, product and market segmentation, product and market forecasts, industry composition, market leaders and business trends.
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