Global Independent Lubricant Manufacturers Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030

Global Independent Lubricant Manufacturers Market - By Product Type (Mineral Lubricants, Synthetic Lubricants and Bio-based Lubricants); By End-users (Automotive, Transportation, Aerospace, Marine, Industrial and Others); and Region – Analysis of Market Size, Shares & Trends for 2016-2019 and Forecasts to 2030
Product Overview
Independent lubricant manufacturers are not managed by key oil industries and many do not have their plants. Independent lubricant acquires base oils from foremost oil suppliers and petroleum organizations and then process these oils with extracts to create lubricants. These lubricants are consumed in numerous industrial and automobile applications. Independent lubricant manufacturers usually obtain raw materials from the open market (chemical and oleo-chemical industry). Independent lubricant manufacturers predominantly emphasize on the production and promotion of lubricants trailed and on domains and slot business.
Market Highlights
Global independent lubricant manufacturers market is anticipated to exceed USD XXXX million by 2030 from USD XXXX million in 2019 at a CAGR of xx% throughout the forecast period i.e. 2020-2030. The market is anticipated to grow on the back of rising demand for high functioning engines.
Global Independent Lubricant Manufacturers Market: Segments
The Synthetic Lubricants segment to grow with the fastest CAGR of xx% during 2020-2030
Global independent lubricant manufacturers market is segmented by Product Type into Mineral Lubricants, Synthetic Lubricants and Bio-based Lubricants. Among these, the synthetic lubricants segment is estimated to hold the largest market share of xx% in 2019. Synthetic lubricants are those whose preparations comprise of synthetic base oil and extracts. They are synthetically designed chemical compounds, using chemically customized fuel constituents other than whole crude oil. Group II+, III and some of group IV base oils falls under the class of synthetic base oils. The increased use of synthetic lubricants by various industries is propelling its growth in the market.
Global Independent Lubricant Manufacturers Market: Market Dynamics
Driver
Rising Demand for High Performance Engines
From the time when the first viable car was designed by Ford in the early 20th century, the draft of internal ignition engines has emerged substantially. The internal components of the engine are now revealed to much more stress and heat due to engine enhancement. This also has resulted in extremely high RPM engines which need better quality engine oil.
Restraint
Rise in Demand for Hybrid Vehicles and Increasing Battery Price Parity
Hybrid automobiles include both small internal ignition engine (ICE) and an electric motor for maximum power consumption and decreasing emanations from automobiles. ICE inside an automobile requires lubricants, mainly engine oil, and transmission fluid. The rising number of hybrid automobiles will decrease the demand for lubricants per vehicle almost by half, as per industry specialists.
Global Independent Lubricant Manufacturers Market: Regions
Asia Pacific to surge at the highest CAGR of xx% during 2020-2030
Region-wise, the market for independent lubricant manufacturers across the globe is segmented into North America, Latin America, Europe, Middle East & Africa and Asia Pacific. Among these, Asia Pacific is witnessed to constitute xx% of the total market share in the year 2019, on the basis of both volume and value. The rising population in the region, followed by growing investment in the industrial sector and infrastructural progressions in the emerging markets of China, India, and Indonesia, is anticipated to make this region an ultimate objective for the lubricants industry.
Global Independent Lubricant Manufacturers Market: Key Players
• Royal Dutch Shell Plc.
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Idemitsu Kosan Co. Ltd.
• Exxon Mobil Corporation
• Fuchs Petrolub AG
• Chevron Corporation
• LUKOIL
• BP Plc.
• Sinopec Ltd.
• Petrochina Company Ltd.
• Total SA

The market report on global independent lubricant manufacturers also contains the following in-depth analysis:
• Independent Lubricant Manufacturers Market Segments:
o By Product Type
 Mineral Lubricants
 Synthetic Lubricants
 Bio-based Lubricants
o By End-users
 Automotive
 Transportation
 Aerospace
 Marine
 Industrial
 Others
o By Region
 North America
 Latin America
 Europe
 Middle East & Africa
 Asia Pacific
• Independent Lubricant Manufacturers Market Dynamics
• Independent Lubricant Manufacturers Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints