Independent Lubricant Manufacturers Market : Covers the various driving factors responsible for the growth of the market
Independent lubricant manufacturers are not controlled by major oil companiesand most of them do not have their own refineries. Theyprocure base oils from major oil suppliers and petroleum companies and then process these oilswith additives to produce lubricants. These lubricants areutilized inseveral industrial and automobile applications. Independent lubricant manufacturers commonly purchase raw materials from theopen market (chemical and oleo-chemical industry).Independent lubricant manufacturers primarily focus on the manufacturing and marketing of lubricants followed and onspecialties and niche business. Some of the independent lubricant manufacturers namely Southwestern Petroleum Corporation basically deals in manufacturing of heavy duty lubes. They supply lubricants and provide technical assistance formetalworking fluid industry.
Besides having numerous advantages, lubricants are useful for wide range of applications in automotive and industrial end use sectors. Growing applications in the agriculture, mining and steel industry, increased automotive sales accompanied by growing support for bio-based lubricants are likely to fuel the lubricantsdemand in the coming years. Ongoing paradigm shift towards high precision technology over conventional method is expected to boost the demand for independent lubricant manufacturers. Growing demand of automated machines in mining and agricultural segments has flooded the industrial lubricants demand. Growing necessity to minimize lag-timeand raise production efficiencyparticularly in manufacturing industries is likely to impel the product demand in the coming five to six years. This in turn is expected to bolster the overall market growth over the forecast period.However, the market growth is dampened due to fluctuation in the mineral oil prices. The growing attractiveness of bio-based lubes is also expected to be pulled over by their high cost than mineral oil. As a result, the market is constrained by couple of challenges.
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Lubricants play a vital role primarily in smooth operation of different moving machine parts.Independent lubricant manufacturers are in some of the niche markets supplying heavy duty lubricants to most of the heavy industries including OEM car manufacturers. Most of the OEM car manufacturers have signed agreements with independent lubricant manufacturers includingBMW, Audi, Porsche, and Mercedes. New opportunities are expected to be carved with signing of new agreements. Automotive product segment is estimated to be one of the rapidly growing segments owing to rising automotive sales, however, it acquired less market share than industrial lubricants product segment in 2012.
Asia Pacific led the independent lubricant manufacturers market in 2012 owing to the growing industrialization and flourishing automotive market. Countries such as Japanand China are expected to drive the product demand due to high potential in these regions. Asia Pacific is followed by North America and European countries. Matured market conditions and economic slowdown in North American and European market are expected to pull over the market growth in both regions. Cheap labor overheads and easy availability of raw materials are some of the factors attributing to Asian market growth.
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Independent lubricant manufacturers marketwas dominated by industrial product segment in 2012 accounting for more than 50% market share. The automotive lubricant product segment witnessed growth in demand owing to rise in automotive sales worldwide. Rising industrial applications demand high precision technological methods which are expected to open up new opportunities for independent lubricants manufacturers. Inception of automated machineries in agricultural and mining sector involves significant utilization of lubricants which has increased the production efficiency significantly over the past recent years.
Independent lubricant manufacturers market is fragmentedincluding large and small players.Fuchs dominated the independent lubricant manufacturers market in 2012, accounting for substantial market share. Fuchsprimarilyfocuses on expanding its business through establishing plants in numerous locations across the globe. Fuchs serves several market sectors including vehicle manufacturing, vehicle components, engineering, mining, construction, agriculture and forestry. Some of the other key players in the market includeMotul, Pentosin,Liqui Moly, Unil-Opal, Carlube, Royal Purple, Amsoil, Red Line and Torco.
Table of Content
2. Executive Summary
3. Independent Lubricant Manufacturers’ – Industry Analysis
4. Independent Lubricant Manufacturers’ Market – Product Segment Analysis
5. Independent Lubricant Manufacturers’ Market – Regional Analysis
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