A Freedonia Group study, “Lubricants to 2014,” notes that U.S. demand for lubricants will reverse recent declines, supported by increasing manufacturing output, a turnaround in motor vehicle production and an acceleration in the number of automobiles in use. Higher quality base stocks as well as synthetic types will increase their share of the market, according to the Cleveland research company.
The study analyzes the 2.1 billion-gal U.S. lubricant
industry, presenting historical demand data for the years 1999, 2004 and 2009,
with forecasts for 2014 and 2019 by base oil, product (for example, engine
oils, process oils, general industrial oils, transmission and hydraulic fluids,
metalworking fluids) and market.
The study also considers market environment factors, details
industry structure, evaluates company market share and profiles 35 industry
players, including Shell, Exxon Mobil and Chevron.
The study can be purchased in print or a PDF format at
Manufacturing to Help Spur Lubricant Sales
January 12, 2011