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Analysis of the current situation and development trend of the global lubricating oil industry in 2018 environmental protection and energy conservation are the development direction of products

analysis of the current situation and development trend of the global lubricating oil industry in 2018 environmental protection and energy conservation are the development direction of products

China Construction machinery information

1. The consumption of lubricating oil has basically remained stable

the development of the lubricating oil market is affected by the national macroeconomic situation and the development of transportation, mechanical equipment and other industries. According to the data released by Fuchs petrolub Se and China chemical industry news, the global demand for lubricants in 2008 was 36 million tons. Affected by the global financial crisis, the global demand for lubricating oil fell to 32.2 million tons in 2009, and rapidly recovered to 38.73 million tons in 2016. According to relevant data, the global market demand for lubricating oil is expected to reach 40.01 million tons in 2017. The global consumption structure of lubricating oil is relatively stable, and vehicle lubricating oil is the main consumption type of lubricating oil. It can be seen that with the steady growth of the world economy and fuel oil consumption, the world lubricant consumption has basically remained stable

chart 1: trend chart of global lubricating oil demand in (unit: 10000 tons,%)

source: sorted out by forward-looking Industry Research Institute

2. The consumption structure is stable, and automotive lubricants account for the dominant market

the consumption structure of global lubricants is relatively stable, and automotive lubricants are the most important consumer varieties of lubricants. In 2016, the global demand for automotive lubricants accounted for more than half of the total demand, reaching 56%. The holes were researched and repaired, and industrial lubricants accounted for about 44% of the total demand for lubricants

chart 2: Global lubricant consumption structure (unit:%)

source: the forward looking Industry Research Institute collates

3. The development focus shifts to developing countries in the Asia Pacific region

the development and demand changes of the lubricant market always show different characteristics with the maturity of the market and the stage of economic development in various regions. Among them, the consumption of lubricant in economically developed countries and regions is much higher than that in economically backward countries and regions. North America and Europe are the main producers and consumers of lubricants, but in recent years, the global lubricant industry production capacity and development focus are shifting to Asia Pacific developing countries represented by China and India. The Asia Pacific developing countries represented by China and India have become the regions with the fastest growth in global lubricant demand

chart 3: regional distribution of global lubricant consumption (unit:%)

source: sorted out by forward looking Industry Research Institute

4. The industry is in the stage of monopoly competition, with 1% of manufacturers accounting for more than 60% of the market share

according to statistics, there are about 1000 large-scale lubricant production enterprises in the world at present, but more than half of the lubricant market is controlled by 9 companies: shell, ExxonMobil, Chevron Multinational suppliers such as BP, regional suppliers such as total and Lukoil, and state-owned oil companies such as PetroChina and Sinopec

from 2000 to 2017, shell surpassed ExxonMobil in sales and became the world's largest lubricant company. The important reason why shell was able to gain the global leading position was its acquisition of China unified lubricants in 2006, which made it win organic growth in some countries in Asia and Europe, especially in China and Russia. At present, shell's lubricant brands include Heineken, kingba, delis, penzel and uni president. Mobil, shell, great wall and other 15 largest Lubricant Manufacturers in the world account for 1% of the total lubricant manufacturers, but control more than 60% of the global lubricant sales

chart 4: Global lubricant competition pattern (unit:%)

source: sorted out by the forward looking Industry Research Institute

5. Environmental protection and energy conservation are the development direction of products

as a large category of petroleum products, lubricants have the characteristics of high technical content and high added value of products, The level of water used in lubricating oil in a country directly reflects the level of economic development, equipment control, production efficiency and environmental awareness of the country. Due to the dual reasons of environmental protection and engine technology progress, manufacturers in developed countries or regions such as North America, Western Europe and Japan tend to reduce costs and use lubricants with better performance and higher quality. In order to reduce the amount of lubricants, they all tend to use natural gas synthetic oil or high-quality environmental friendly lubricants formulated with highly refined base oil

from the development history of the world's automotive lubricants, the quality of automotive lubricants develops from low-level to high-level, and the crack gap will increase. Its development is mainly to meet the social requirements of automotive design improvement, road condition improvement and energy conservation and environmental protection. Specifically, the improvement of engine technology, the extension of engine oil change period, the reduction of the impact on exhaust gas treatment devices and emissions, the improvement of fuel economy and the further tightening of environmental protection regulations will continue to promote the development of vehicle lubricating oil quality. For example, with the increasingly stringent requirements of emission regulations, the United States has introduced a new generation of diesel engine oil specifications every year since the late 1980s and early 1990s to meet more stringent emission requirements. The upgrading of internal combustion engine oil not only reflects the progress of engine technology and the efforts of society in sustainable development such as energy conservation and environmental protection, but also represents the technical strength and brand image of various lubricant companies. Therefore, the research and development of internal combustion engine oil is the most eye-catching in the lubricant industry

chart 5: development direction of global lubricants

source: sorted out by forward looking Industry Research Institute

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