The Lubricants and Other Petroleum Products Manufacturing industry produces a wide range of vital lubricant, grease, fluid, oil and bituminous products. Industry products are broadly used throughout society in the daily running of vehicles, machinery and equipment, in the construction of roads and in general manufacturing. The industry is expected to generate revenue of $1.7 billion in 2014-15, down 6.9% from the previous year due to a drop in base stock prices. The industry has benefited from export growth in the past five years, partly offsetting continued import growth. The industry is expected to decline at an annualised rate of 2.2% over the five years through 2014-15.
The industry produces a range of petroleum and lubricant products manufactured using base stocks consisting of oil, grease and organic compounds. These products include automotive oils, other transport oils, industrial oils, greases and other lubricants. Firms in the industry also manufacture bituminous materials and coal products such as petroleum coke and coal coke.
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.