HOME Top Market Reports Asia-Pacific Base Oil Market by Type (Group I, Group II, Group III, Group IV, & Group V), by Application (Automotive, Industrial Application, & Others) - Trends & Forecast to 2020

Asia-Pacific Base Oil Market by Type (Group I, Group II, Group III, Group IV, & Group V), by Application (Automotive, Industrial Application, & Others) - Trends & Forecast to 2020

By: marketsandmarkets.com
Publishing Date: April 2015
Report Code: CH 3350

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The Asia-Pacific base oil market is estimated to register a CAGR of 3.5% between 2015 and 2020 and the demand is estimated to reach 25,226.5 KT by 2020. The demand for base oil is expected to witness a steady growth in the Asia-Pacific countries. The market size is expected to increase in Asia-Pacific, due to the economic growth in the nations such as South Korea, China, and India.

The base oil finds application in the automotive, industrial application, and others. The demand for base oil is the highest from the automotive industry, which accounted for over 57.0% of the total market in terms of volume in 2014.The growing motorization rate in developing countries is driving the demand for lubricants in this segment which will in turn increase the demand for base oil. The demand from the industrial machinery and equipment application also accounts for a major share of the total lubricants market and is driven by increasing number of investments in the end-user sectors such as power generation, manufacturing, logistics, automotive manufacturing and others in nations such as China, India, Japan, and South Korea.

This report essentially aims to estimate the Asia-Pacific base oil for 2015 and to project the demand of the same by 2020. This market research study provides a detailed qualitative and quantitative analysis of the Asia-Pacific base oil market. The research methodology of the report involved the utilization of various secondary sources such as encyclopedia, directories, and databases to identify and collect information useful for this extensive commercial study of the lubricants market. The primary sources included experts from related industries and suppliers who were interviewed to obtain and verify critical information as well as to assess the future prospects of the lubricants market.

Competitive developments of top players in the Base Oil market have been discussed in detail. The leading players of this industry are Royal Dutch Shell plc (Netherlands), Exxon Mobil Corporation (U.S.), Neste Oil (Finland), Petronas (Malaysia) and others have been profiled with their recent developments and other strategic industry activities.

Scope of the Report

The Asia-Pacific base oil market is analyzed in terms of volume (KT) by the classifications mentioned below:

By Type

  • Group I
  • Group II
  • Group III
  • Group IV
  • Group V

By Application

  • Automotive
  • Industrial Application
  • Others

By Countries

  • China
  • India
  • Japan
  • South Korea
  • Malaysia
  • Indonesia
  • Singapore
  • Taiwan
  • Rest of Asia-Pacific

Table of Contents

1 Introduction (Page No. - 12)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered in the Report
    1.4 Currency & Pricing
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 15)
    2.1 Market Size Estimation
    2.2 Market Breakdown & Data Triangulation
    2.3 Market Share Estimation
           2.3.1 Key Insights
           2.3.2 Assumptions

3 Executive Summary (Page No. - 22)

4 Premium Insights (Page No. - 24)
    4.1 Attractive Opportunities in the Base Oil Market
    4.2 Top Base Oil Types Consumed
    4.3 Base Oil Market in the Asia-Pacific Region (2015-2020)
    4.4 Asia-Pacific Base Oil Market: Countries With a High CAGR
    4.5 Base Oil Market (2015-2020)

5 Market Overview (Page No. - 27)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Type
           5.2.2 By Application
           5.2.3 By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Growing Automotive Industry in the Asia-Pacific Region
                    5.3.1.2 Massive Industrial Growth in Asia-Pacific
           5.3.2 Restraints
                    5.3.2.1 Shift Toward Group Iii Base Oil is Causing Shrinkage in the Overall Demand of Base Oil
                    5.3.2.2 High Price is Restraining the Growth of High Grade Base Oil
           5.3.3 Opportunities
                    5.3.3.1 Industrial Growth in the Asia Pacific Region
                    5.3.3.2 New Government Regulations to Fuel the Market By Attracting Foreign Investments in India

6 Industry Trends (Page No. - 35)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat of New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Bargaining Power of Buyers
           6.3.5 Intensity of Competitive Rivalry
    6.4 Strategic Benchmarking
           6.4.1 Expansion

7 Asia-Pacific Base Oil Market, By Type (Page No. - 39)
    7.1 Introduction
    7.2 Market Size & Projection
           7.2.1 Easy Availability & Low Cost Drive the Demand of Group I Base Oils
    7.3 Group I Base Oils
           7.3.1 High Intake Requirement to Enable Steady Demand of Group I Base Oils
    7.4 Group Ii Base Oil
           7.4.1 India to Outpace China in Group Ii Base Oil Demand
    7.5 Group Iii Base Oil
           7.5.1 Better Properties of Group Iii Base Oil to Boost Demand
    7.6 Group Iv Base Oil
           7.6.1 Use of High-End Vehicles Expected to Enhance the Growth of Group Iv Base Oil
    7.7 Group V Base Oil

8 Asia-Pacific Base Oil Market, By Application (Page No. - 48)
    8.1 Introduction
    8.2 Market Size & Projection
           8.2.1 Growth in Automotive Sector is Driving the Base Oil Demand
    8.3 Automotive
           8.3.1 China is the Largest Consumer of Base Oil in Automotive Application
    8.4 Industrial Application
           8.4.1 Increased Manufacturing Activities Driving the Growth in Asia-Pacific
    8.5 Others

9 Asia-Pacific Base Oil Market, By Region (Page No. - 55)
    9.1 Introduction
           9.1.1 Growing Industrial Activities Has Made China the Largest Consumer
           9.1.2 Automotive Industry is the Largest Consumer of Base Oil in Asia-Pacific
           9.1.3 China
           9.1.4 India
           9.1.5 Japan
           9.1.6 Taiwan
           9.1.7 Malaysia
           9.1.8 South Korea
           9.1.9 Singapore
           9.1.10 Indonesia
           9.1.11 Rest of Asia-Pacific
    9.2 Asia-Pacific Base Oil Market, By Consumption

10 Competitive Landscape (Page No. - 70)
     10.1 Overview
     10.2 Expansion: the Most Popular Growth Strategy
     10.3 Maximum Developments in 2011 and 2013
     10.4 Maximum Developments in Asia-Pacific
     10.5 Exxon Mobil & Neste Oil: the Most Active Participants
     10.6 Competitive Situation and Trends
             10.6.1 Expansions
             10.6.2 Joint Ventures
             10.6.3 Contracts and Agreements
             10.6.4 Divestment

11 Company Profiles (Page No. - 77)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     11.1 Exxon Mobil Corporation
     11.2 Chevron Corporation
     11.3 Petroliam Nasional Berhad (Petronas)
     11.4 Gs Caltex Corporation
     11.5 Neste Oil
     11.6 Royal Dutch Shell PLC.
     11.7 Sinopec Limited
     11.8 S-Oil Corporation.
     11.9 Indian Oil Corporation Ltd.
     11.10 Petrochina Company Limited

12 Appendix (Page No. - 98)
     12.1 Insights of Industry Experts
     12.2 Recent Developments
     12.3 Discussion Guide
     12.4 Introducing RT: Real Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports

List of Tables (39 Tables)

Table 1 Asia-Pacific: Annual GDP & Industrial Growth Rates, By Country
Table 2 Impact Analysis of Drivers
Table 3 Impact Analysis of Restraints
Table 4 Impact Analysis of Opportunities
Table 5 Lubricants Base Oil Categories
Table 6 Base Oil Market Size, By Type, 2013–2020 (KT)
Table 7 Group I Base Oil Market Size, By Country, 2013–2020 (KT)
Table 8 Group Ii Base Oil Market Size, By Region, 2013–2020 (KT)
Table 9 Group Iii Base Oil Market Size, By Region, 2013–2020 (KT)
Table 10 Group Iv Base Oil Market Size, By Region, 2013–2020 (KT)
Table 11 Group V Base Oil Market Size, By Region, 2013–2020 (KT)
Table 12 Base Oil Market Size, By Application, 2013–2020 (KT)
Table 13 Base Oil Market Size in Automotive Application, By Country, 2013–2020 (KT)
Table 14 Base Oil Market Size in Industrial Application, By Country, 2013–2020 (KT)
Table 15 Base Oil Market Size in Other Applications, By Country, 2013–2020 (KT)
Table 16 Base Oil Market Size, By Country, 2013–2020 (KT)
Table 17 Base Oil Market Size, By Country, 2013–2020 ($Million)
Table 18 Asia-Pacific: Base Oil Market Size, By Application, 2013–2020 (KT)
Table 19 Asia-Pacific: Base Oil Market Size, By Application, 2013–2020 ($Million)
Table 20 China: Base Oil Market Size, By Type, 2013–2020 (KT)
Table 21 China: Base Oil Market Size, By Application, 2013–2020 (KT)
Table 22 India: Base Oil Market Size, By Type, 2013–2020 (KT)
Table 23 India: Base Oil Market Size, By Application, 2013–2020 (KT)
Table 24 Japan: Base Oil Market Size, By Type, 2013–2020 (KT)
Table 25 Japan: Base Oil Market Size, By Application, 2013–2020 (KT)
Table 26 Taiwan: Base Oil Market Size, By Type, 2013–2020 (KT)
Table 27 Taiwan: Base Oil Market Size, By Application, 2013–2020 (KT)
Table 28 Malaysia: Base Oil Market Size, By Type, 2013–2020 (KT)
Table 29 Malaysia: Base Oil Market Size, By Application, 2013–2020 (KT)
Table 30 South Korea: Base Oil Market Size, By Type, 2013–2020 (KT)
Table 31 South Korea: Base Oil Market Size, By Application, 2013–2020 (KT)
Table 32 Singapore: Base Oil Market Size, By Type, 2013–2020 (KT)
Table 33 Singapore: Base Oil Market Size, By Application, 2013–2020 (KT)
Table 34 Indonesia: Base Oil Market Size, By Type, 2013–2020 (KT)
Table 35 Indonesia: Base Oil Market Size, By Application, 2013–2020 (KT)
Table 36 Rest of Asia-Pacific: Base Oil Market Size, By Type, 2013–2020 (KT)
Table 37 Rest of Asia-Pacific: Base Oil Market Size, By Application, 2013–2020 (KT)
Table 38 Base Oil Market Consumption, By Country, 2010–2014 (KT)
Table 39 Expansion, 2011–2014


List of Figures (53 Figures)

Figure 1 Asia-Pacific Base Oil Market, Research Design
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Breakdown of Primary Interviews, By Company Type & Designation
Figure 5 Data Triangulation
Figure 6 Key Data From Secondary Sources
Figure 7 Key Data From Primary Sources
Figure 8 Asia-Pacific Base Oil in Automotive: Market Snapshot (2015 vs. 2020):
Figure 9 Asia-Pacific Base Oil Market Size, By Type, 2015 (KT)
Figure 10 Lucrative Opportunities in the Base Oil Market
Figure 11 Group I Base Oil Has the Maximum Demand (2015-2020)
Figure 12 Automotive Market Accounts for the Majority Share in the Asia-Pacific Base Oil Market
Figure 13 India to Emerge as a Lucrative Market
Figure 14 Base Oil Have a Promising Future in the Emerging Economies of the Asia-Pacific Region
Figure 15 Base Oil Formulation
Figure 16 Base Oil Market Segmentation, By Type
Figure 17 Base Oil Market Segmentation, By Application
Figure 18 Base Oil Market Segmentation, By Region
Figure 19 Overview of the Forces Affecting the Base Oil Market
Figure 20 Asia-Pacific: Vehicles in Use (2009–2013)
Figure 21 Market Impact of Increasing Use of Synthetic Base Oil
Figure 22 Industrial Growth: Impact on Base Oil Market
Figure 23 Value Chain Analysis for Base Oil
Figure 24 Porter’s Five Forces Analysis (2013)
Figure 25 Strategic Benchmarking: Expansion of Key Players
Figure 26 Group I Base Oils Was the Largest Market in 2014
Figure 27 Group Ii Base Oil Demand Set to Rise Owing to Its Easy Availability & Low Price
Figure 28 India Expected to Boost the Growth of Group Iii Base Oils Owing to the Demand of Better Quality Lubricants
Figure 29 Automotive Segment to Witness the Highest Demand (2015)
Figure 30 Automotive Segment Will Drive the Base Oil Demand
Figure 31 Increased Demand From Industries is Driving the Growth of Base Oil in Industrial Application
Figure 32 Asia-Pacific Region Snapshot (2015–2020): Rapid Growth Markets Are Emerging as New Hotspots
Figure 33 Group Iii Base Oil Gradually Replacing Group I & Group Ii Oil Base Oil in Some Countries
Figure 34 Asia-Pacific Market Snapshot: China & India Are the Most Lucrative Markets
Figure 35 Key Growth Strategies in Asia-Pacific Base Oil Market, 2011–2014
Figure 36 Companies Primarily Adopted Organic Growth Strategies From 2011 to 2014
Figure 37 Base Oil Market Developmental Share, By Year, 2011–2015
Figure 38 Base Oil Market: Growth Strategies, By Region, 2010–2014
Figure 39 Base Oil: Growth Strategies, By Company, 2011–2014
Figure 40 Regional Revenue Mix of Top Five Market Players
Figure 41 Exxon Mobil Corporation: Company Snapshot
Figure 42 Exxon Mobil Corporation: SWOT Analysis
Figure 43 Chevron Corporation: Company Snapshot
Figure 44 Chevron Corporation: SWOT Analysis
Figure 45 Petronas: Company Snapshot
Figure 46 Gs Caltex Corporation: Company Snapshot
Figure 47 Neste Oil: Company Snapshot
Figure 48 Royal Dutch Shell PLC.: Company Snapshot
Figure 49 Royal Dutch Shell PLC: SWOT Analysis
Figure 50 Sinopec Limited: Company Snapshot
Figure 51 S-Oil Corporation.: Company Snapshot
Figure 52 Indian Oil Corporation Ltd: Company Snapshot
Figure 53 Petrochina Company Limited: Company Snapshot

The Asia-Pacific base oil market is witnessing a steady growth rate and is driven by the development of the end-user industries in the emerging markets. The Asia-Pacific base oil market was estimated to register a consumption of 20,797.5 KT in 2014, and is poised to witness a CAGR of 3.5% between 2015 and 2020. The market has been segmented into five categories based on the type, namely, Group I, Group II, Group III, Group IV and Group V.

Base oils are used for manufacturing of lubricants and lubricants are used in number of industries. The report covers application of base oil in the automotive and industrial applications. The stringent environmental regulations have fueled the demand for Group III and Group IV base oils the transportation application. The demand from industries for lubricants has increased for these types based on the need for enhancing efficiency and reducing costs. Utilization of Group II and Group III has increased in the automotive industry in the recent past for their superior properties.

The major countries in Asia-Pacific region have been studied in detail. Since the major portion of lubricants is used in the automotive industry, the markets for base oil in Asia-Pacific are witnessing the fastest growth. China, India, and South Korea together accounted for over 68.0% of the total market in 2014. This growth may be attributed to high production and sales of vehicles in the region.  The growth rate in the Asia-Pacific region is expected to increase in the projected period due high demand.

The report covers the Asia-Pacific base oil market by key countries in the region. It also provides a detailed segmentation of the market on the basis of material type, and by application, along with projections till 2020.

Available Customizations Title

Client Customization Problem Statement :

APAC Base Oil Market

Solution Provided:

This customization provides additional information on Indian base oil market. The additional informatio....

This customization provides additional information on Indian base oil market. The additional information includes more understanding of different types of base oil with respect to key application areas.

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