The industry suffered during the recession, leading to depressed consumer income and lower downstream manufacturing activity. As a result, fewer lubricant products were purchased over the period and industry revenue dropped. However, strong demand after the recession resulted in overall positive growth over the past five years. Improving economic conditions will bolster demand from downstream manufacturers. Revenue will also benefit from rising oil demand from consumers, as the number of cars on the road and miles driven both increase.
Operators in this industry manufacture petroleum products (except for asphalt-paving, roofing and saturated materials), such as blended motor oils, brake fluids, lubricating grease and other oil-based additives. Key buyers include downstream automobile manufacturers, wholesalers and automotive retail chains.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.