The global lubricant industry has progressed form isolated applications to being a major industry worldwide which has seen the growth and progress of companies as ExxonMobil, Shell, BP & Chevron Texaco which now account for a significant market share of lubricants market. The lubricants business has grown manifold over the last five years backed by strong lubricant sales of these global majors.
The major strategy push of these global players is to capitalize on economies of scale whereby these players have pried open markets leading to value erosion in midsize players which are either reprocessing base oil from these global giants or depending on erratic domestic supply, these practices have led to their loss of competitive ability.
The market is increasingly moving toward polarization whereby competition has moved from local or regional markets to global synergies. Competition is therefore no longer limited to local, regional, or even national markets but is increasingly becoming global in nature.
US demand for lubricants is expected to reach 2.7 billion gallons in 2008. Past declines are likely to be reversed by mild advances in demand for process oils, general industrial oils, synthetics and other high-performance lubricants. The best markets will be in the production of machinery, printing inks, plastics and rubber, natural gas, and in mining and petroleum.
Aruvian's Research brings a new research report on the Lubricant Industry in the United States with a focus on the industry basics, organization structure, historical background of the industry, product subdivision focusing on engine oils, process oils, general industrial oils, and other lubricants. The report also goes on to analyze the industry subdivisions such as the light vehicle aftermarket, the commercial and the industrial market, and much more.
The report looks at the trade scenario of the industry, along with the regulatory framework applicable to the industry. The major industry contributors such as BP Lubricants, Castrol International, Chevron Corporation, Shell Lubricants US, and many other important industry players are analyzed in this report. A future perspective of the Lubricant Industry in the United States completes the report with a product subdivision forecast and a market outlook.
Key Topics Covered:
Introduction to the Industry
Development Trends in the Industry
US Lubricant Industry: Future Perspective
Major Industry Players
Glossary of Terms