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市場調查報告書
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1536951

基油-市場佔有率分析、產業趨勢與統計、成長預測（2024-2029）

Base Oil - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024 - 2029)
出版日期: | 出版商: Mordor Intelligence | 英文 120 Pages | 商品交期: 2-3個工作天內

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簡介目錄

預計2024年基油市場規模為3,463萬噸，預估2029年將達3,731萬噸，預測期（2024-2029年）複合年成長率為1.51%。

基礎油市場

由於新冠肺炎 (COVID-19) 疫情的爆發，2020 年基油需求大幅下降。這種病毒的影響導致汽車產業和其他各工業部門（航空、工業等）的產量減少。機油、齒輪油、潤滑脂和金屬加工油消費量的減少影響了基油市場。然而，2021年和2022年，由於汽車製造和其他行業生產活動活性化，基油市場出現復甦。

主要亮點

  • 亞太地區的快速工業化、對液壓油和工業齒輪油等基油油的工業應用的考慮以及汽車產量和銷量的增加預計將在預測期內推動市場成長。
  • 另一方面，由於偏好較低黏度基油基油的需求下降預計將阻礙預測期內的市場成長。
  • 然而，可再生基油和基油回收領域的技術創新有望提供市場研究機會。
  • 由於中國、印度和日本等國家的強勁需求，預計亞太地區將主導市場。

基油市場趨勢

機油領域佔據市場主導地位

  • 由於汽車、電力、重型機械、金屬加工和化學等各行業對引擎油的需求不斷成長，機油產業在基油市場中佔據主導地位。
  • 機油廣泛用於潤滑內燃機。機油通常含有約 7% 至 10% 的添加化學物質，其餘為基油。
  • 使用各種基油和添加劑配製引擎油時，氧化安定性、抗沉積性、抗磨損性和抗腐蝕性等性能是需要考慮的重要因素。高燃油效率引擎油由於具有防止漏油和減少消費量的特性，近來需求量很大。
  • 此外，商業實踐的各種投資和開拓正在增加對機油的需求，這可能會提振基油市場。例如，2023 年 4 月，Brakes India 宣布透過 Revia 品牌進入潤滑油領域。憑藉這個新品牌，該公司將多元化進軍機油領域，同時滿足乘用車和商用車領域的需求。
  • 此外，2023 年 3 月，埃克森美孚宣布將投資約 90 億印度盧比（1.1 億美元）在馬哈拉斯特拉邦工業發展公司位於萊加德的伊桑貝工業區建造一座潤滑油製造廠。新工廠每年將生產159,000千公升成品潤滑油，預計2025年投入商業營運。
  • 此外，殼牌公司宣布將於2023年2月推出乘用車機油「Shell Helix SP HX8 0W-20」。據該公司稱，該產品是一種全合成、符合 BS VI 標準的引擎油，專為渦輪增壓缸內噴油(TGDI) 引擎而設計，可防止有害的低速提前點火器(LSPI)。該公司還表示，將提高車輛燃油效率，同時減少排放氣體和引擎設計變化。
  • 汽車產業對機油的需求預計將增強基油市場。根據 OICA 的數據，2023 年全球汽車銷量達到 9,272 萬輛，而 2022 年為 8,287 萬輛。
  • 因此，預計上述因素將影響預測期內機油領域基油的成長。

亞太地區主導市場

  • 預計亞太地區將主導全球市場。中國、印度、日本和韓國等國家正在增加各行業的潤滑油消耗，該地區基油的使用量也正在增加。
  • 根據國際貿易局發布的資料，預計2026年中國車用潤滑油需求將達51.9億公升，2021年至2026年複合年成長率為5.41%。預計這將推動該國基油需求。
  • 同樣，根據國家統計局公佈的資料，2024年3月中國工業與前一年同期比較增4.5%。 2023年9月至2023年12月，製造業、公共產業和採礦業營運放緩，限制了工業總產值與前一年同期比較。
  • 在印度，汽車保有量的穩定成長（2023年汽車銷售量將與前一年同期比較%）和工業活動的活性化（截至2024年2月以年度為基礎成長5.7%）將導致基油需求旺盛預計將在預測期內領先。
  • 此外，在日本，各大型潤滑油生產商依賴長期供應合約來滿足國內基油需求。例如，出光興產於2023年10月簽署了合作備忘錄，以確保長期穩定採購III類基油。
  • 因此，預計上述因素將在預測期內對亞太基油市場產生重大影響。

基油產業概況

基油市場因其性質而分散。主要參與者（排名不分先後）包括埃克森美孚公司、沙烏地阿拉伯石油公司（阿美公司）、中油、雪佛龍公司和中國石油化學集團公司（中石化）。

其他好處：

  • Excel 格式的市場預測 (ME) 表
  • 3 個月分析師支持

目錄

第1章簡介

  • 調查先決條件
  • 調查範圍

第2章調查方法

第3章執行摘要

第4章市場動態

  • 促進因素
    • 亞太地區快速工業化
    • 汽車產銷量不斷成長
  • 抑制因素
    • i基油需求減少
  • 產業價值鏈分析
  • 波特五力分析
    • 供應商的議價能力
    • 買方議價能力
    • 新進入者的威脅
    • 替代品的威脅
    • 競爭程度

第5章市場區隔（市場規模）

  • 類型
    • 我組
    • 第二組
    • 第三組
    • 第四組
    • 其他類型（V 類和生物基基油）
  • 目的
    • 機油
    • 變速箱齒輪油
    • 金屬加工油
    • 油壓
    • 潤滑脂
    • 其他應用（加工油、透平油、壓縮機油、循環油等）
  • 地區
    • 亞太地區
      • 中國
      • 印度
      • 日本
      • 韓國
      • 馬來西亞
      • 印尼
      • 越南
      • 泰國
      • 其他亞太地區
    • 北美洲
      • 美國
      • 加拿大
      • 墨西哥
    • 歐洲
      • 德國
      • 英國
      • 法國
      • 義大利
      • 西班牙
      • 北歐國家
      • 土耳其
      • 俄羅斯
      • 其他歐洲國家
    • 南美洲
      • 巴西
      • 阿根廷
      • 哥倫比亞
      • 南美洲其他地區
    • 中東/非洲
      • 沙烏地阿拉伯
      • 南非
      • 阿拉伯聯合大公國
      • 埃及
      • 卡達
      • 奈及利亞
      • 其他中東/非洲

第6章 競爭狀況

  • 併購、合資、聯盟、協議
  • 市場佔有率分析
  • 主要企業策略
  • 公司簡介
    • ADNOC（Abu Dhabi National Oil Company）
    • Chevron Corporation
    • China Petrochemical Corporation（SINOPEC）
    • CNOOC Limited
    • Exxon Mobil Corporation
    • Formosa Petrochemical Corporation
    • Gazprom Neft PJSC
    • GS Caltex Corporation
    • Indian Oil Corporation Ltd
    • LUKOIL
    • Nynas AB
    • Petrobras
    • PetroChina
    • PETRONAS Lubricants International
    • Philips 66 Company
    • Repsol
    • Saudi Arabian Oil Co.（ARAMCO）
    • Sepahan Oil Company
    • Shandong Qingyuan Group Co. Ltd
    • Shell PLC
    • SK Innovation Co. Ltd
    • Total Energies

第7章 市場機會及未來趨勢

  • 可再生基油領域的創新
  • 基油回收
簡介目錄
Product Code: 65723

The Base Oil Market size is estimated at 34.63 Million tons in 2024, and is expected to reach 37.31 Million tons by 2029, growing at a CAGR of 1.51% during the forecast period (2024-2029).

Base Oil - Market

The demand for base oil decreased significantly in 2020 due to the outbreak of COVID-19. The virus caused production to decline in the automotive industry and various other industrial units (aviation, industrial, etc.). The reduction in the consumption of engine oil, gear oil, greases, and metalworking fluid affected the base oil market. However, in 2021 and 2022, the base oil market recovered as car manufacturing and production activities across other industries ramped up.

Key Highlights

  • Rapid industrialization in Asia-Pacific, considering the industrial application of base oil such as hydraulic fluid and industrial gear oil, and growing automotive production and sales are expected to drive the market's growth during the forecast period.
  • On the flip side, the declining demand for group I base oils due to the preference for lighter viscosity base oils is likely to hamper the market's growth over the forecast period.
  • Nevertheless, innovations in the field of renewable base oils and recycling of base oils are anticipated to provide opportunities for the market studied.
  • Asia-Pacific is expected to dominate the market owing to significant demand from countries such as China, India, and Japan.

Base Oil Market Trends

The Engine Oil Segment to Dominate the Market

  • The engine oil segment dominates the base oil market due to the growing demand for engine oil from various industries such as automotive, power, heavy equipment, metalworking, and chemicals.
  • Engine oils are widely used to lubricate internal combustion engines. They generally contain about 7% to 10% additive chemicals, with the rest as base oil.
  • Properties like oxidation stability, deposit control, and wear and corrosion protection are the key factors taken into consideration when forming engine oils using different base oils and additives. High-mileage engine oils are in demand lately, owing to the properties that help prevent oil leaks and reduce oil consumption.
  • Additionally, various investments and developments in business practices are enhancing the demand for engine oil, which may boost the market for base oil. For instance, in April 2023, Brakes India announced it would enter the lubricants segment through the Revia brand. With its new brand, the company is diversifying into the engine oil space, catering to both passenger car and commercial vehicle segments.
  • Furthermore, in March 2023, Exxon Mobil Corporation announced the investment of nearly INR 900 crore (USD 110 million) to build a lubricant manufacturing plant at the Maharashtra Industrial Development Corporation's Isambe Industrial Area in Raigad. The new plant is expected to produce 159,000 kiloliters of finished lubricants per year, with commercial startup expected by 2025.
  • In addition, in February 2023, Shell PLC announced the launch of its passenger car motor oil portfolio, Shell Helix SP HX8 0W-20. According to the company, the product is a fully synthetic, BS VI-compliant engine oil designed for turbocharged petrol direct injection (TGDI) engines to protect against damaging low-speed pre-ignition (LSPI). The company also claims to aid a vehicle's fuel economy while reducing emissions and changes in engine design.
  • The demand for engine oil from the automotive sector is expected to enhance the base oil market. According to OICA, global motor vehicle sales amounted to 92.72 million in 2023 compared to 82.87 million in 2022.
  • Hence, the aforementioned factors are expected to influence the growth of base oil in the engine oil segment over the forecast period.

Asia-Pacific to Dominate the Market

  • Asia-Pacific is expected to dominate the global market. With the growing consumption of lubricants from various sectors in countries like China, India, Japan, and South Korea, the usage of base oil is increasing in the region.
  • According to the data published by the International Trade Administration, China's demand for automotive lubricants is expected to reach 5.19 billion liters in 2026, registering a CAGR of 5.41% during the 2021-26 period. It is expected to drive the demand for base oils in the country.
  • Similarly, according to the data published by the National Bureau of Statistics, China's industrial output grew by 4.5% year-on-year in March 2024. The slowdown of operations in the manufacturing, utilities, and mining sectors from September 2023 to December 2023 restricted the overall Y-o-Y growth of industrial output.
  • In India, strong growth in vehicle population (12% Y-o-Y growth in vehicle sales in 2023) and increasing industrial activity (5.7% on an annual basis in February 2024) are expected to drive the demand for base oils during the forecast period.
  • Additionally, in Japan, various large-scale lubricant manufacturers are relying on long-term supply contracts to meet the domestic base oil demand. For instance, in October 2023, Idemitsu Kosan Co. Ltd signed an MoU to secure a long-term stable procurement of group III base oil.
  • As a result, the above-mentioned factors are projected to substantially influence the base oil market in Asia-Pacific during the forecast period.

Base Oil Industry Overview

The base oil market is fragmented in nature. The major players (not in any particular order) include Exxon Mobil Corporation, Saudi Arabian Oil Co. (Aramco), PetroChina, Chevron Corporation, and China Petrochemical Corporation (SINOPEC).

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Rapid Industrialization in Asia-Pacific
    • 4.1.2 Growing Automotive Production and Sales
  • 4.2 Restraints
    • 4.2.1 Declining Demand for Group I Base Oils
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5 MARKET SEGMENTATION (Market Size in Volume)

  • 5.1 Type
    • 5.1.1 Group I
    • 5.1.2 Group II
    • 5.1.3 Group III
    • 5.1.4 Group IV
    • 5.1.5 Other Types (Group V and Bio-based Base Oils)
  • 5.2 Application
    • 5.2.1 Engine Oils
    • 5.2.2 Transmission and Gear Oils
    • 5.2.3 Metalworking Fluids
    • 5.2.4 Hydraulic Fluids
    • 5.2.5 Greases
    • 5.2.6 Other Applications (Process Oils, Turbine Oil, Compressor Oil, Circulating Oils, etc.)
  • 5.3 Geography
    • 5.3.1 Asia-Pacific
      • 5.3.1.1 China
      • 5.3.1.2 India
      • 5.3.1.3 Japan
      • 5.3.1.4 South Korea
      • 5.3.1.5 Malayisa
      • 5.3.1.6 Indonesia
      • 5.3.1.7 Vietnam
      • 5.3.1.8 Thailand
      • 5.3.1.9 Rest of Asia-Pacific
    • 5.3.2 North America
      • 5.3.2.1 United States
      • 5.3.2.2 Canada
      • 5.3.2.3 Mexico
    • 5.3.3 Europe
      • 5.3.3.1 Germany
      • 5.3.3.2 United Kingdom
      • 5.3.3.3 France
      • 5.3.3.4 Italy
      • 5.3.3.5 Spain
      • 5.3.3.6 NORDIC Countries
      • 5.3.3.7 Turkey
      • 5.3.3.8 Russia
      • 5.3.3.9 Rest of Europe
    • 5.3.4 South America
      • 5.3.4.1 Brazil
      • 5.3.4.2 Argentina
      • 5.3.4.3 Colombia
      • 5.3.4.4 Rest of South America
    • 5.3.5 Middle East and Africa
      • 5.3.5.1 Saudi Arabia
      • 5.3.5.2 South Africa
      • 5.3.5.3 United Arab Emirates
      • 5.3.5.4 Egypt
      • 5.3.5.5 Qatar
      • 5.3.5.6 Nigeria
      • 5.3.5.7 Rest of Middle East and Africa

6 COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 ADNOC (Abu Dhabi National Oil Company)
    • 6.4.2 Chevron Corporation
    • 6.4.3 China Petrochemical Corporation (SINOPEC)
    • 6.4.4 CNOOC Limited
    • 6.4.5 Exxon Mobil Corporation
    • 6.4.6 Formosa Petrochemical Corporation
    • 6.4.7 Gazprom Neft PJSC
    • 6.4.8 GS Caltex Corporation
    • 6.4.9 Indian Oil Corporation Ltd
    • 6.4.10 LUKOIL
    • 6.4.11 Nynas AB
    • 6.4.12 Petrobras
    • 6.4.13 PetroChina
    • 6.4.14 PETRONAS Lubricants International
    • 6.4.15 Philips 66 Company
    • 6.4.16 Repsol
    • 6.4.17 Saudi Arabian Oil Co. (ARAMCO)
    • 6.4.18 Sepahan Oil Company
    • 6.4.19 Shandong Qingyuan Group Co. Ltd
    • 6.4.20 Shell PLC
    • 6.4.21 SK Innovation Co. Ltd
    • 6.4.22 Total Energies

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Innovation in the Field of Renewable Base Oils
  • 7.2 Recycling of Base Oils