Overview

Greasing the gears: Revenue decline to give way to growth as oil prices stabilize

IBISWorld’s Lubricant Oil Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • As crude oil prices begin to normalize, demand for lubricants is forecast to show strong growth
  • Declining revenue led operators to maintain smaller staff levels to reduce operating expenses
  • Synthetic oil offers better mechanical protection and lasts longer than conventional oil

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    Industry Analysis & Industry Trends

    While the Lubricant Oil Manufacturing industry experienced financial hardships postrecession, and suffered revenue contractions over the past five years, the industry shows signs of turning around and experiencing growth moving forward. The industry's troubles over the past five years can primarily be attributed to the significant tumble in the price of crude oil, a crucial input for industry products. The volatile, decreasing price of crude oil hindered industry revenue, reducing demand and tempering the price operators could charge for industry products...

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    Industry Report - Starting a New Business Chapter

    A large amount of equipment is required to undertake operations in the industry. In addition, substantial financial commitments are needed to meet changing environmental regulations, as well as to provide working capital and maintain brand names.

    Well-known brand names (WD-40, Pennzoil, Quaker-State and Castrol) and the customer loyalty attached to them pose a significant barrier to entry. Operators seeking to enter the industry must have a product that meets technical specifications, while also creating a brand image that appeals to consumers. The higher costs and risks associated with creating a new brand can result in greater sales and profit fluctuation, as well as a higher risk of default.

    Regulation and legislation create barriers to entry. The..

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    Additional Insights for the Lubricant Oil Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Lubricant Oil Manufacturing Industry are

  • Ability to alter goods and services produced in favor of market conditions
  • Guaranteed supply of key inputs
  • Involvement of all stakeholders
  • IBISWorld analysts also discuss how external factors such as World price of crude oil and Per capita disposable income in the Lubricant Oil Manufacturing industry impact industry performance..

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    Industry Products

    What is the Lubricant Oil Manufacturing Industry?

    Operators in this industry manufacture petroleum products (except for asphalt-paving, roofing and saturated materials), such as blended motor oils, brake fluids, lubricating grease and other oil-based additives. Key buyers include downstream automobile manufacturers, wholesalers and automotive retail chains.

    Industry Products
    Consumer automotive lubricants
    Commercial automotive lubricants
    Industrial lubricants
    Industry Activities
    Manufacturing lubricating oils and greases made from refined petroleum
    Manufacturing brake fluids made from refined petroleum
    Manufacturing petroleum jelly made from refined petroleum
    Manufacturing petroleum waxes made from refined petroleum
    Re-refining used petroleum lubricating oils

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • World price of crude oil
  • Per capita disposable income
  • Industrial production index
  • Number of motor vehicle registrations
  • Trade-weighted index

  • Current Performance
  • Domestic crude discount disappears
  • Operational trends
  • Specialization
  • Chart: Revenue Growth

  • Industry Outlook
  • A complete recovery
  • Operational environment
  • Table: Lubricant Oil Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Lubricant Oil Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Iron & Steel Manufacturing
  • Auto Parts Stores
  • Local Freight Trucking
  • Long-Distance Freight Trucking

  • Key Selling Industries
  • Animal Food Production
  • Inorganic Chemical Manufacturing
  • Metal Can & Container Manufacturing
  • Oil Drilling & Gas Extraction
  • Petrochemical Manufacturing
  • Plastic Film, Sheet & Bag Manufacturing

  • Products & Services
  • Industrial lubricants
  • Consumer automotive lubricants
  • Commercial automotive lubricants
  • Other
  • Chart: Lubricant Oil Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Wholesalers
  • Other
  • Retailers
  • Chart: Major Market Segmentation for the Lubricant Oil Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Lubricant Oil Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Lubricant Oil Manufacturing Industry

  • Industry Globalization
    Major Companies
    Exxon Mobil Corp.Royal Dutch Shell PLCAshland Inc.
  • Table: Exxon Mobil Corp. - financial performance
  • Table: Royal Dutch Shell PLC - financial performance
  • Table: Ashland Inc. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Lubricant Oil Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Lubricant Oil Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • World price of crude oil (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Grease
  • A thick oil used to lubricate machinery.
  • Lubricant
  • A substance, such as grease or oil, that reduces friction when applied as a surface coating to moving parts.
  • Synthetic Oil
  • A substance created in the laboratory with crude oil products that has similar properties to conventional lubricant oil.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Lubricant Oil Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Lubricant Oil Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Lubricant Oil Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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