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市場調查報告書
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1617087

基油市場至2030年的預測：按產品類型、應用、最終用戶和地區分類的全球分析

Base Oil Market Forecasts to 2030 - Global Analysis By Product Type, Application, End User and By Geography
出版日期: | 出版商: Stratistics Market Research Consulting | 英文 200+ Pages | 商品交期: 2-3個工作天內

價格

根據Stratistics MRC的資料，2024年全球基油市場規模為370.6億美元，預計將以6.6%的年複合成長率成長，到2030年達到543.8億美元。

基油是潤滑油的主要成分，可由原油或化學合成獲得。它是機油、傳動液和工業潤滑油的基礎。基礎油的類型和品質大幅影響潤滑油的黏度、抗氧化性和摩擦等性能。通常將添加劑混合到基油中以增強特定性能，例如耐磨性或極壓性能。

根據美國能源資訊署（EIA）的資料，2022年美國平均石油消費量約為2,028萬桶/日。

汽車產業需求增加

全球汽車需求的不斷成長也增加了對基油的需求，基礎油是引擎油和變速箱油的關鍵成分。汽車產業（尤其是新興經濟體）的成長推動潤滑油消費，直接支持基礎油需求。為了提高車輛效率和減少排放氣體而轉向高性能潤滑油進一步加速市場成長。由於汽車技術的進步和優質潤滑油在車輛中的使用增加，預計這一趨勢將持續下去。

原油價格波動

由於原油是主要原料，原油價格波動對基油生產成本影響較大。這些價格波動為製造商維持穩定的價格和利潤率帶來了挑戰。此外，地緣政治緊張局勢和供應鏈中斷往往會加劇這些波動，使製造商和消費者難以製定長期採購計畫。原料價格的不確定性是市場的主要限制因素，影響了高性能油的生產和需求。

對高性能油品的需求

對高性能潤滑油不斷成長的需求為基油市場創造了巨大的機會，特別是在工業和汽車應用領域。高性能油品因其優異的熱穩定性、較長的使用壽命和更高的效率而越來越受到現代機械和汽車的歡迎。這一趨勢得到了日益嚴格的環境法規和對減少碳足跡的關注的支持，這推動了採用優質基礎油配製的先進潤滑油的採用。

與合成油的競爭加劇

對合成油和生物基油的日益偏好威脅傳統基礎油市場。合成油因其在極端溫度下的卓越性能、更高的耐用性和環境效益而在許多應用中成為首選。隨著消費者和產業轉向永續、高效的解決方案，合成替代品的採用預計會增加，限制了傳統基礎油的成長潛力。

COVID-19 的影響：

由於停工導致工業和汽車活動減少，COVID-19 大流行導致基礎油需求大幅下降。供應鏈中斷和流動性下降進一步影響了市場。然而，隨著經濟復甦和工業恢復營運，在汽車和工業領域復甦的推動下，基礎油需求預計將復甦。

預計機油產業將成為預測期內最大的細分市場

由於基油在引擎潤滑油中的廣泛使用，預計機油領域將在預測期內佔據市場佔有率。機油在維持車輛性能和保護引擎零件免受磨損和損壞方面發揮著重要作用。由於世界上車輛持有的不斷增加，加上需要高品質潤滑油的引擎技術的進步，該行業不斷擴大。此外，嚴格的排放法規鼓勵使用優質機油，並保持其在這一領域的主導地位。

金屬加工和冶金行業預計在預測期內年複合成長率最高。

在預測期內，由於工業應用中對特殊潤滑劑的需求不斷成長，金屬加工和冶金行業預計將呈現最高成長率。金屬加工液中使用的基油可提高加工過程的效率和精度。製造業和建設業的擴張，特別是在新興市場，推動金屬加工中採用高品質基礎油。冶金技術的進步需要更先進的潤滑解決方案，這進一步支持了這種成長。

佔比最大的地區：

預計亞太地區在預測期內將主導市場佔有率。該地區的優勢在於其強大的汽車和工業部門，尤其是在中國、印度和日本等國家。亞太地區的人口成長、可支配收入的增加和製造業活動的擴張推動潤滑油和基礎油的消費。此外，該地區也是製造業中心，推動了工業潤滑油的需求並鞏固了主導。

年複合成長率最高的地區：

預計亞太地區在預測期內的年複合成長率最高。印度和東南亞國家等新興經濟體的快速工業化、都市化和基礎設施發展是該成長的關鍵驅動力。對高性能潤滑油的需求不斷成長，以及先進機械和車輛的日益採用，進一步加速了該地區對基礎油的需求。隨著經濟活動持續成長，亞太地區仍是基礎油消費的重要市場。

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    • 其他市場參與者的綜合分析（最多 3 家公司）
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  • 區域分割
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    • 根據產品系列、地理分佈和策略聯盟對主要企業基準化分析

目錄

第1章 執行摘要

第2章 前言

  • 概述
  • 相關利益者
  • 調查範圍
  • 調查方法
    • 資料探勘
    • 資料分析
    • 資料檢驗
    • 研究途徑
  • 研究資訊來源
    • 主要研究資訊來源
    • 二次研究資訊來源
    • 先決條件

第3章 市場趨勢分析

  • 促進因素
  • 抑制因素
  • 機會
  • 威脅
  • 產品分析
  • 應用分析
  • 最終用戶分析
  • 新興市場
  • COVID-19 的影響

第4章 波特五力分析

  • 供應商的議價能力
  • 買方議價能力
  • 替代品的威脅
  • 新進入者的威脅
  • 競爭公司之間的敵對關係

第5章 全球基油市場：依產品類型

  • 第一類基油
  • 第二類基油
  • 第三類基油
  • 第四類（PAO）
  • 第五類（合成酯）
  • 環烷基油
  • 再精製基油

第6章 全球基油市場：依應用分類

  • 機油
    • 客車油
    • 商用車油
    • 船用機油
    • 燃氣引擎機油
  • 工業潤滑油
    • 加工油
    • 工業齒輪油
    • 渦輪機油
    • 壓縮機油
  • 特殊用途
    • 金屬加工油
    • 潤滑脂
    • 油壓
    • 變壓器油

第7章 全球基油市場：依最終用戶分類

  • 運輸
    • 汽車製造
    • 運輸/船舶
    • 航空
    • 鐵路
  • 產業
    • 金屬加工和冶金
    • 發電
    • 採礦和建築
    • 化學製造
  • 其他最終用戶
    • 農業
    • 纖維
    • 紙/紙漿

第8章 全球基油市場：依地區

  • 北美洲
    • 美國
    • 加拿大
    • 墨西哥
  • 歐洲
    • 德國
    • 英國
    • 義大利
    • 法國
    • 西班牙
    • 其他歐洲國家
  • 亞太地區
    • 日本
    • 中國
    • 印度
    • 澳洲
    • 紐西蘭
    • 韓國
    • 其他亞太地區
  • 南美洲
    • 阿根廷
    • 巴西
    • 智利
    • 南美洲其他地區
  • 中東、非洲
    • 沙烏地阿拉伯
    • 阿拉伯聯合大公國
    • 卡達
    • 南非
    • 其他中東和非洲

第9章 主要進展

  • 合約、夥伴關係、合作和合資企業
  • 收購和合併
  • 新產品發布
  • 業務拓展
  • 其他關鍵策略

第10章 公司概況

  • Exxon Mobil Corporation
  • Chevron Corporation
  • Aramco
  • Sinopec
  • Shell PLC
  • PetroChina Company Limited
  • SK Innovation Co., Ltd.
  • TotalEnergies SE
  • Abu Dhabi National Oil Company
  • LUKOIL
  • Nynas AB
  • GS Caltex Corporation
  • Petronas Lubricants International
  • Indian Oil Corporation Ltd
  • Phillips 66 Company
  • Repsol SA
  • Neste Oyj
  • Sepahan Oil Company
Product Code: SMRC27965

According to Stratistics MRC, the Global Base Oil Market is accounted for $37.06 billion in 2024 and is expected to reach $54.38 billion by 2030 growing at a CAGR of 6.6% during the forecast period. Base oil is the primary component of lubricants, derived from crude oil or chemical synthesis. It provides the foundation for engine oils, transmission fluids, and industrial lubricants. The type and quality of base oil significantly influence the lubricant's performance, including viscosity, oxidation resistance, and friction. Additives are often mixed with base oil to enhance specific properties like wear protection or extreme-pressure resistance.

According to the U.S. Energy Information Administration (EIA), in 2022, U.S. petroleum consumption averaged approximately 20.28 million barrels per day.

Market Dynamics:

Driver:

Increasing automotive industry demand

The increasing demand for vehicles globally is driving the need for base oils, as they are crucial components in engine and transmission oils. Growth in the automotive sector, especially in emerging economies, is bolstering lubricant consumption, which directly supports base oil demand. The shift toward high-performance lubricants to improve vehicle efficiency and reduce emissions further amplifies the market's growth. This trend is expected to sustain, driven by advancements in automotive technology and the growing use of premium lubricants in vehicles.

Restraint:

Fluctuating crude oil prices

Fluctuating crude oil prices significantly impact the production cost of base oils, as crude oil is the primary raw material. These price variances create challenges for manufacturers in maintaining stable pricing and profit margins. Additionally, geopolitical tensions and supply chain disruptions often exacerbate these fluctuations, making it difficult for manufacturers and consumers to plan long-term purchases. This uncertainty in raw material pricing acts as a major restraint for the market, affecting both production and demand for high-performance oils.

Opportunity:

Demand for high-performance oils

The rising need for high-performance lubricants, particularly in industrial and automotive applications, presents a significant opportunity for the base oil market. High-performance oils offer superior thermal stability, longer life, and enhanced efficiency, which are increasingly demanded by modern machinery and vehicles. This trend is supported by stricter environmental regulations and a focus on reducing carbon footprints, encouraging the adoption of advanced lubricants formulated with high-quality base oils.

Threat:

Rising competition from synthetic oils

The growing preference for synthetic and bio-based oils poses a threat to the traditional base oil market. Synthetic oils offer better performance in extreme temperatures, enhanced durability, and environmental benefits, making them a preferred choice in many applications. As consumers and industries move toward sustainable and high-efficiency solutions, the increasing adoption of synthetic alternatives is expected to limit the growth potential for conventional base oils.

Covid-19 Impact:

Covid-19 pandemic caused a significant decline in base oil demand due to reduced industrial and automotive activities during lockdowns. Supply chain disruptions and decreased mobility further impacted the market. However, as economies recover and industries resume operations, the demand for base oils is expected to rebound, driven by the resurgence in the automotive and industrial sectors.

The engine oils segment is expected to be the largest during the forecast period

Over the forecasted timeframe, the engine oils segment is anticipated to dominate the market share due to the widespread use of base oils in engine lubricants. Engine oils play a critical role in maintaining vehicle performance and protecting engine components from wear and tear. The increasing global vehicle fleet, coupled with advancements in engine technologies that demand high-quality lubricants, continues to boost this segment. Furthermore, stringent emission norms drive the use of premium-grade engine oils, sustaining the dominance of this segment.

The metal processing & metallurgy segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the metal processing & metallurgy segment is predicted to witness the highest growth rate due to the rising demand for specialized lubricants in industrial applications. Base oils used in metalworking fluids enhance the efficiency and precision of machining processes. The expansion of manufacturing and construction industries, particularly in emerging markets, is driving the adoption of high-quality base oils in metal processing. This growth is further supported by advancements in metallurgy requiring more sophisticated lubrication solutions.

Region with largest share:

During the estimation period, the Asia Pacific region is anticipated to dominate the market share. The region's dominance is attributed to its thriving automotive and industrial sectors, particularly in countries like China, India, and Japan. Asia Pacific's growing population, increasing disposable incomes, and expanding manufacturing activities are driving the consumption of lubricants and base oils. Additionally, the region's position as a manufacturing hub enhances its demand for industrial lubricants, solidifying its leadership in the global base oil market.

Region with highest CAGR:

During the forecast period, the Asia Pacific region is also anticipated to register the highest CAGR. Rapid industrialization, urbanization, and infrastructure development in emerging economies like India and Southeast Asian nations are key contributors to this growth. The increasing adoption of advanced machinery and vehicles, along with the rising need for high-performance lubricants, further accelerates the demand for base oils in this region. As economic activities continue to grow, Asia Pacific remains a pivotal market for base oil consumption.

Key players in the market

Some of the key players in Base Oil Market include Exxon Mobil Corporation, Chevron Corporation, Aramco, Sinopec, Shell PLC, PetroChina Company Limited, SK Innovation Co., Ltd., TotalEnergies SE, Abu Dhabi National Oil Company (ADNOC), LUKOIL, Nynas AB, GS Caltex Corporation, Petronas Lubricants International, Indian Oil Corporation Ltd, Phillips 66 Company, Repsol S.A., Neste Oyj, and Sepahan Oil Company.

Key Developments:

In October 2024, Exxon Mobil Corporation has executed the largest offshore carbon dioxide (CO2) storage lease in the U.S. with the Texas General Land Office (GLO). The over 271,000-acre site complements the onshore CO2 storage portfolio ExxonMobil is developing, and further solidifies the U.S. Gulf Coast as a carbon capture and storage (CCS) leader.

In June 2024, TransLanka and Ariyadasa, the two signature service stations of Sinopec Energy Lanka (Private) Limited, officially started operation in Sri Lanka. Featured with Sri Lankan languages and elements, streamlined canopy and brand-new fueling island design, the stations offer local customers a refreshing shopping experience with new brands such as Changbaishan mineral water. In the future, Sinopec will explore value-added services such as fuel storage and transportation, non-fuel products, and EV charging, providing consumers with a premium refueling experience.

In March 2024, Chevron Corporation announced that its 50 percent owned affiliate Tengizchevroil LLP (TCO) has safely commenced operations at its Wellhead Pressure Management Project (WPMP) at the Tengiz oil field in Kazakhstan.

Product Types Covered:

  • Group I Base Oils
  • Group II Base Oils
  • Group III Base Oils
  • Group IV (PAO)
  • Group V (Synthetic Esters)
  • Naphthenic Base Oils
  • Re-refined Base Oils

Applications Covered:

  • Engine Oils
  • Industrial Lubricants
  • Specialty Applications

End Users Covered:

  • Transportation
  • Industrial
  • Other End Users

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

  • Company Profiling
    • Comprehensive profiling of additional market players (up to 3)
    • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

  • 2.1 Abstract
  • 2.2 Stake Holders
  • 2.3 Research Scope
  • 2.4 Research Methodology
    • 2.4.1 Data Mining
    • 2.4.2 Data Analysis
    • 2.4.3 Data Validation
    • 2.4.4 Research Approach
  • 2.5 Research Sources
    • 2.5.1 Primary Research Sources
    • 2.5.2 Secondary Research Sources
    • 2.5.3 Assumptions

3 Market Trend Analysis

  • 3.1 Introduction
  • 3.2 Drivers
  • 3.3 Restraints
  • 3.4 Opportunities
  • 3.5 Threats
  • 3.6 Product Analysis
  • 3.7 Application Analysis
  • 3.8 End User Analysis
  • 3.9 Emerging Markets
  • 3.10 Impact of Covid-19

4 Porters Five Force Analysis

  • 4.1 Bargaining power of suppliers
  • 4.2 Bargaining power of buyers
  • 4.3 Threat of substitutes
  • 4.4 Threat of new entrants
  • 4.5 Competitive rivalry

5 Global Base Oil Market, By Product Type

  • 5.1 Introduction
  • 5.2 Group I Base Oils
  • 5.3 Group II Base Oils
  • 5.4 Group III Base Oils
  • 5.5 Group IV (PAO)
  • 5.6 Group V (Synthetic Esters)
  • 5.7 Naphthenic Base Oils
  • 5.8 Re-refined Base Oils

6 Global Base Oil Market, By Application

  • 6.1 Introduction
  • 6.2 Engine Oils
    • 6.2.1 Passenger Vehicle Oils
    • 6.2.2 Commercial Vehicle Oils
    • 6.2.3 Marine Engine Oils
    • 6.2.4 Gas Engine Oils
  • 6.3 Industrial Lubricants
    • 6.3.1 Process Oils
    • 6.3.2 Industrial Gear Oils
    • 6.3.3 Turbine Oils
    • 6.3.4 Compressor Oils
  • 6.4 Specialty Applications
    • 6.4.1 Metalworking Fluids
    • 6.4.2 Greases
    • 6.4.3 Hydraulic Fluids
    • 6.4.4 Transformer Oils

7 Global Base Oil Market, By End User

  • 7.1 Introduction
  • 7.2 Transportation
    • 7.2.1 Automotive Manufacturing
    • 7.2.2 Marine & Shipping
    • 7.2.3 Aviation
    • 7.2.4 Railroad
  • 7.3 Industrial
    • 7.3.1 Metal Processing & Metallurgy
    • 7.3.2 Power Generation
    • 7.3.3 Mining & Construction
    • 7.3.4 Chemical Manufacturing
  • 7.4 Other End Users
    • 7.4.1 Agriculture
    • 7.4.2 Textile
    • 7.4.3 Paper & Pulp

8 Global Base Oil Market, By Geography

  • 8.1 Introduction
  • 8.2 North America
    • 8.2.1 US
    • 8.2.2 Canada
    • 8.2.3 Mexico
  • 8.3 Europe
    • 8.3.1 Germany
    • 8.3.2 UK
    • 8.3.3 Italy
    • 8.3.4 France
    • 8.3.5 Spain
    • 8.3.6 Rest of Europe
  • 8.4 Asia Pacific
    • 8.4.1 Japan
    • 8.4.2 China
    • 8.4.3 India
    • 8.4.4 Australia
    • 8.4.5 New Zealand
    • 8.4.6 South Korea
    • 8.4.7 Rest of Asia Pacific
  • 8.5 South America
    • 8.5.1 Argentina
    • 8.5.2 Brazil
    • 8.5.3 Chile
    • 8.5.4 Rest of South America
  • 8.6 Middle East & Africa
    • 8.6.1 Saudi Arabia
    • 8.6.2 UAE
    • 8.6.3 Qatar
    • 8.6.4 South Africa
    • 8.6.5 Rest of Middle East & Africa

9 Key Developments

  • 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
  • 9.2 Acquisitions & Mergers
  • 9.3 New Product Launch
  • 9.4 Expansions
  • 9.5 Other Key Strategies

10 Company Profiling

  • 10.1 Exxon Mobil Corporation
  • 10.2 Chevron Corporation
  • 10.3 Aramco
  • 10.4 Sinopec
  • 10.5 Shell PLC
  • 10.6 PetroChina Company Limited
  • 10.7 SK Innovation Co., Ltd.
  • 10.8 TotalEnergies SE
  • 10.9 Abu Dhabi National Oil Company
  • 10.10 LUKOIL
  • 10.11 Nynas AB
  • 10.12 GS Caltex Corporation
  • 10.13 Petronas Lubricants International
  • 10.14 Indian Oil Corporation Ltd
  • 10.15 Phillips 66 Company
  • 10.16 Repsol S.A.
  • 10.17 Neste Oyj
  • 10.18 Sepahan Oil Company

List of Tables

  • Table 1 Global Base Oil Market Outlook, By Region (2022-2030) ($MN)
  • Table 2 Global Base Oil Market Outlook, By Product Type (2022-2030) ($MN)
  • Table 3 Global Base Oil Market Outlook, By Group I Base Oils (2022-2030) ($MN)
  • Table 4 Global Base Oil Market Outlook, By Group II Base Oils (2022-2030) ($MN)
  • Table 5 Global Base Oil Market Outlook, By Group III Base Oils (2022-2030) ($MN)
  • Table 6 Global Base Oil Market Outlook, By Group IV (PAO) (2022-2030) ($MN)
  • Table 7 Global Base Oil Market Outlook, By Group V (Synthetic Esters) (2022-2030) ($MN)
  • Table 8 Global Base Oil Market Outlook, By Naphthenic Base Oils (2022-2030) ($MN)
  • Table 9 Global Base Oil Market Outlook, By Re-refined Base Oils (2022-2030) ($MN)
  • Table 10 Global Base Oil Market Outlook, By Application (2022-2030) ($MN)
  • Table 11 Global Base Oil Market Outlook, By Engine Oils (2022-2030) ($MN)
  • Table 12 Global Base Oil Market Outlook, By Passenger Vehicle Oils (2022-2030) ($MN)
  • Table 13 Global Base Oil Market Outlook, By Commercial Vehicle Oils (2022-2030) ($MN)
  • Table 14 Global Base Oil Market Outlook, By Marine Engine Oils (2022-2030) ($MN)
  • Table 15 Global Base Oil Market Outlook, By Gas Engine Oils (2022-2030) ($MN)
  • Table 16 Global Base Oil Market Outlook, By Industrial Lubricants (2022-2030) ($MN)
  • Table 17 Global Base Oil Market Outlook, By Process Oils (2022-2030) ($MN)
  • Table 18 Global Base Oil Market Outlook, By Industrial Gear Oils (2022-2030) ($MN)
  • Table 19 Global Base Oil Market Outlook, By Turbine Oils (2022-2030) ($MN)
  • Table 20 Global Base Oil Market Outlook, By Compressor Oils (2022-2030) ($MN)
  • Table 21 Global Base Oil Market Outlook, By Specialty Applications (2022-2030) ($MN)
  • Table 22 Global Base Oil Market Outlook, By Metalworking Fluids (2022-2030) ($MN)
  • Table 23 Global Base Oil Market Outlook, By Greases (2022-2030) ($MN)
  • Table 24 Global Base Oil Market Outlook, By Hydraulic Fluids (2022-2030) ($MN)
  • Table 25 Global Base Oil Market Outlook, By Transformer Oils (2022-2030) ($MN)
  • Table 26 Global Base Oil Market Outlook, By End User (2022-2030) ($MN)
  • Table 27 Global Base Oil Market Outlook, By Transportation (2022-2030) ($MN)
  • Table 28 Global Base Oil Market Outlook, By Automotive Manufacturing (2022-2030) ($MN)
  • Table 29 Global Base Oil Market Outlook, By Marine & Shipping (2022-2030) ($MN)
  • Table 30 Global Base Oil Market Outlook, By Aviation (2022-2030) ($MN)
  • Table 31 Global Base Oil Market Outlook, By Railroad (2022-2030) ($MN)
  • Table 32 Global Base Oil Market Outlook, By Industrial (2022-2030) ($MN)
  • Table 33 Global Base Oil Market Outlook, By Metal Processing & Metallurgy (2022-2030) ($MN)
  • Table 34 Global Base Oil Market Outlook, By Power Generation (2022-2030) ($MN)
  • Table 35 Global Base Oil Market Outlook, By Mining & Construction (2022-2030) ($MN)
  • Table 36 Global Base Oil Market Outlook, By Chemical Manufacturing (2022-2030) ($MN)
  • Table 37 Global Base Oil Market Outlook, By Other End Users (2022-2030) ($MN)
  • Table 38 Global Base Oil Market Outlook, By Agriculture (2022-2030) ($MN)
  • Table 39 Global Base Oil Market Outlook, By Textile (2022-2030) ($MN)
  • Table 40 Global Base Oil Market Outlook, By Paper & Pulp (2022-2030) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.