You are on page 1of 46
a Contents FACTBOOK 2021-2022 Contents Lubes 101 Base Oils From the Editor Spdey Moore Norapog tor Sido otunesbrnsescon wuevetina Dest to ado ener real Case MebelePeren Orel Dt etry embnmncan | ©2022 rg en Finished Lubes Mergers & Additives Acquisitions ‘Another Year, Another Factbook Welcome tothe 13th annual Lubes‘ Greases Factbook It you purchased lst year's edition, youl be failiar with the new, dgtal format, which allows you to find what you need quickly and easily. The table of contents design and subsection pages give a clear and organized Picture of what's inside, and navigation tabs across each age ensure you never get ast. Just click onthe section 0 item you want to see, and your POF viewer will jump iret to that page till ot sure where to look? Run 8 quick text search This timely reference captures essential industry statis: ties and trends in lubricants, base olls and additives for global and regional markets. A mainstay inthe Factbook, ‘the engine ol timeline has been updated, alongwith vis- cosity grade forecasts and an overview of global quality assurance programs, We've also added tothe Additives and Engine Oil sections. usta last years Factbook dd this edition takes 3 broader view of the industry and includes facts and figures from diferent regions around the globe Inthe Engine Oi Quality Assurance Programs Electric ATIF Vehicles Grease Finished Lubicants section, for example, check out Page 23 for Japan's domestic lubricant sales numbers. (ur thanks go tothe companies and consultants who have share data with us for his edition, including experts from Kline & Co, finer International, IMR Research, Wards Intelligence the American Chemisty ‘Counc the Petroleum Quality Institute of America and many more (ur goal is to answer the questions that our editors hear ‘most often. I you have suggestions for next year’s ed tion, plesse get in touch at LubesnGreases,com/ ‘ontact-us. You can get more coples at LubesnGreases. coméfactbook. ‘so, dont forget to subscribe to Lubesi'Greases ‘magazine. For over 25 years, Lubes Greases has covered the issues that matter mast othe industry. Subseribe to knowledge and receive the mast accurate, Insightful industry content onthe market. Get 10% off when you subscribe online today at LuesnGreases.com/ subscribe ont Facick tae 2 Contents Lubes 101 Base Oils Contents Lubes 101 Understand the basics ofthe lubricants industry from base ‘il groups to principal adetve chemistries. Mergers & Acquisitions Consolidation is an ongoing trend in the lubricants industry, and a Can Finished Mergers & ‘Additives Lubes Acquisitions Engine Oil ATF Base Oils Additives Geta picture of gobal base ol ‘Global ative demand broken production capacity regional ade down by type and use, ls US. flows, pricing and demand. market volumes. Engine Oil ey perfomance parameters, von tends and markt Segment or passenger ct and hen ity motor ol era ana capege Electric Vehicles Quality Assurance Grease Programs Finished Lubes ‘Worldwide and regional snapshots ‘of sales volumes and profits for finshed lubricants. Electric Vehicles “The rise of electric vehicles has been caled a threat to the lubricants industry but how much ‘ofa disruption wll EVs be? Quality Finished Mergers & Electric Assurance Contents Lubes 101 Base Oils Additives Lubes Acquisitions Engine Oil_-««ATF_~—=—= Vehicles» ‘Grease Programs Lubes 101 How Much Lubricant in @ Bare of Crude Oi? ‘AP| Base Ol Group Defnitons Principal Aditve Chemises What are Group t+ and le? ‘Additive Treat Levels | certs se pee aE Lubes 101 Base ils Additives Quality Finished Mergers & Electric ‘Assurance Lubes Acquisitions Engine Oil_-«ATF-—=«=s‘Vehicles.«=Grease Programs How Much Lubricant in a Barrel of Crude Oil? ‘Thanks to “processing gains” at U.S. refineries, a 42-gallon bare of erude ol (approximately 0.14 mec tons) makes about 44.6 gallons of products. But vr litle of tis 04 GALLON LUBRICANTS lubricants © 194 gators en 44 cans 21 gators 15 cars © 15 caters @09 gators @08 salon ©05 galon © 04 gaton @ 04 caton asin xan Peat ot heron yon tt cole silgas Duet rey gases ean rl ul ais asitak an ado totam esos bicants eter 42-galon barrel of crude rang ag Contents Lubes 101 Base Oils Lubes 101: Base Oi Base ol makes the finshed lubricants ‘word go round, making up anywhere from 60%-98% of typical formulations. Created mote than 25 years ago, the ‘American Petroleum Institue base ol ‘groups are the global standard and were established largely oad in base oil interchange for automotive engine cls. In addition tothe sulfur and saturates content and viscosity index that define ‘the API group, base stock marketers often provide data on several other parameters, lke fash and pou pins, viscosity and colt With modern base stocks fling more along a spectrum rather than int distinct categories some industy players believe the system is now outdated and needs to be updated Quality Finished Mergers & Electric Assurance Additives Lubes Acquisitions Engine oil ~«ATF_-—=—= Vehicles. «Grease Programs API Definitions vicnour suns Wt SATURATES% VISCOSITY DEK TYPICAL APPLICATIONS Sap >00 saa m0 cone Msn sti, oso, aang mos capt Some sons ut, 040 sg ym 5-00 ty ay a cca cre a MD opt 003 ee) ova sinasn funy tee secret Gus parones, rn 0 artes Puno uo aa pe a ‘What are Group II+ and 111+? teem we Industry established “catogoris”orgnaly developed odascb base ol suitable fr SAE TOWEX and SW-AX muti- ‘rade motor ol lending. They ae marketing ems, nto AP dios. + Gop +s generaly recognize as refering to Group os with viscosity index of 112t0119.and Group ss refeting to Group Il ol with Wo 130 or area, + Wisco grades are aad malig passenger ea oa. ‘+ Wore rey compas have pun marktg Coup The sare iia t highend sas index aps. emtbnacen | ©2022. rng apy Quality Fished Mergers & aectic assurance Contents Lubes 101 BaseOis Adsitves’ ‘Lubes’ Arqustions Engine Gl «—«ATF-—=«‘ehiles«=« Quality Fished Mergers & Etectic assurance contents Lubes 0 Bases Actes ‘Lubes Aqustons Engine l_«—«ATF—=~=‘Vehiles «Grease —_‘rograms Finished Lubes: Biolubes Ae fund hat demand fr biodegradable, nontone,rnewabe Wicants nthe Demand by Country biestconuin nun mats smped tom 300 tonsin 218 280000 tons in 2020, Whe segment makes up less than 1% of tha fished lca mara, eget gon mare nthe coring ye a Topete North Antic and Europe account for mae than half of Ble demand on thanks to strict environmental policies. Industrial applications, led by hydraulic fluids, Nos make uth mjrty of onsunpon, She esters ar the base soko ice for ‘more than two-thirds of demand, —_ Demand by Product Base Stock Demand by Type —" Jona Frat a0 on oo svensk — eee Wore Sosaiabity te ries youth ageabaoak tie eos Setweetbe Liners ty eta Cathe gh you eed ‘ave seta tage ies. lubesnGeases coma et ob a4 —| | — sree Finished Contents Lubes 101 BaseOils. Additives. Lubes Finished Lubes: Profits The United States Commerce Department's Produce Price Index measures month Price changes recorded by domestic establishments for ther output sold outside the industry I eft the rice trends for this constant set of goods, gauged against ‘the base year of 1982. The Finished Lubricants PPI in July 2021 was up to $21.9 from 495.1 the year before. Mergers & Acquisitions Quality Assurance Programs Electric Engine Ol ATF ‘Vehicles Grease U.S. Producer Price Index for Finished Lubricants a "PEPSPEEEPISES SEES SOLE Quality Finished Mergers & Electric Assurance Contents Lubes 101 Base ils Additives Lubes Acquisitions Engine ««ATF_~—=—= Vehicles» ‘Grease Programs Finished Lubes: Profits Not everyone who profits from lubricants does so by seling products. Many investors For purposes of comparison al nancial esuts inthis graph are given in US. dolars. also eam money from lubes on the stock exchange, buying stakes in publicly held com- Currency conversions, where needed, wee calculated in mid-April at then-current rates. Danie. Herés an assortment of players operating in various segments and geographic Al results are forthe 2020 calendar year, even for companies operating on cifferent regions, and what they delivered to ther parent company or stockholders in 2020. fiscal years. For companies with sigiicant operations in other sectars, results shown ‘ate for units focused on utricnts. Lubricant Industry Bellwethers setae yale te GL ns ne Geter Oat ae one ea ots th ‘eros ee Finished Mergers & Mergers & Acquisitions Here i a year’s wort of mergers, SEPTEMBER 2020 aoquisitions and joint venture activity inthe lubricants industry as reported BITUMINA» NYNAS Finland-based Neste sod is 899% stoke Unous weekly Le apart Aeneica inbase land bitumen producer Nas Lube Report EMEA and Lube Report AB to DubarbasedBitumina a part of & Asia newsletters, 2s ell as ourmonthy _reerganzation intended o ease the Smedish magazine LubesnGreases, Dates company’ franca difiues. The two ot ‘exmain shoreholdesin Nyas are Ptroleos de Venezuela. with 1% and a foundation registered inthe Netherlands called show the month the transaction was announced or completed, For more details, see our publication archives _Nynetifelen, which hat 235% stake at ww Lubesnreases.com, ‘that was previously held by PAVSA, ‘TOTAL + LuBRILOG French energy major Total acquired Lubtlog ‘SAS, a French company tat specializes in peruorinated polyether bicants.Lubrog ‘eo produces beans fr open gest ives and chains for aw materials indus tes such 8s mining, coment and fetes, aswallas greases. OCTOBER 2020 ‘TELKO+ ILS NORDIC Teo id, pat of the Asp Grou, acquied ‘Swedish itibutor ts Nowe AB and its subsidiary Autolubes Nore AB. Teli has ‘been a ditibutor of Cast! products in Finland since 195; 1LS Nore is albicans

You might also like