World Lubricants

World demand for lubricants will rise 2.0 percent annually to 45.4 million metric tons in 2019. Growth will be supported by increasing demand for engine oils in new motor vehicles, but will be tempered by longer drain intervals that slow the engine oil aftermarket. The Asia/Pacific market will grow the fastest.This study analyzes the 41.1 million metric ton world lubricant industry. It presents historical demand data (2004, 2009 and 2014) and forecasts (2019 and 2024) by formulation (e.g., petroleum, nonconventional), product (e.g., engine oils, process oils, hydraulic oils, metalworking oils) and market (e.g., motor vehicle aftermarket, manufacturing) for six world regions and 23 major countries.The study also considers market environment factors, details industry structure, evaluates company market share and profiles 33 industry players, including Shell, Exxon Mobil, and BP.