The Widening of the Panama Canal – The Potential Game Changer

Historically, the U.S. East Coast (Atlantic region), led by New York, dominated trading activities with other nations. This makes sense as most of the trade those days was between Europe and the United States. With the emergence of the Asia-Pacific region (first with Japan and now China and the East Asian Tigers) the U.S. West Coast (Pacific region), led by Los Angeles and Long Beach, grew in importance. This certainly had an impact on the local economy in terms of growth in related industries such as shipping, trucking, railroad, and other such industries which resulted in the growth of marine engine oils, railroad engine oils, and HDMOs. (more…)

Global Lubricant Additives Market

According to Kline, estimated global finished lubricant consumption in 2010 was 34.6 million tones, with additive consumption accounting for 3.7 million tons valued at $10.3 billion. Within lubricant additives, dispersants, viscosity index-improving agents (VII) and detergents were the top three function classes accounting for 68% of total consumption. Other function classes analyzed include corrosion inhibitors, antiwear, emulsifiers, friction modifiers, antioxidants. Kline forecasts global lubricant additive consumption to grow at 3.2% per year to reach 4.3 billion tons by 2015, but warns that not all function classes will grow uniformly. (more…)

Synthetics to see growth in the Indian lubricants market

While overall global demand for finished lubricants has declined more than 4,000 kilotonnes over the past two years, synthetics and synthetic blends have gained more market share during this time (more…)

Industrial oils and fluids dominate Indian lubricant consumption

Overall lubricant consumption in India was valued at approximately USD 2,762 million in 2009. Of this, industrial oils and fluids make up just over half of total consumption. Commercial automotive lubricants are the second most demanded category, followed by consumer automotive lubricants which make up the smallest part of the market, accounting for only 10% of total consumption. (more…)

India’s lubricant consumption is on the rise

Global lubricant demand has seen some recovery in 2010 after registering a significant decline of 8.4% in 2009 over the previous year. (more…)

Big Oil Faces Global Competition from National Oil Companies

Until recently, nationalized oil companies (NOCs) posed a competitive threat to international oil companies (IOCs) only in their home country. However, a number of factors have now converged to prompt once-isolated NOCs to expand their reach on a global scale. This emerging threat will force IOCs to devise new strategies to compete in the worldwide marketplace against nationalized companies, for which profits and shareholder satisfaction are not the only motivating factors. More…

Total’s Acquisition of ExxonMobil’s Vietnam Lube Business – Brief Analysis.

TOTAL announced on October 1 that it has signed a deal to buy 100% of the shares in ExxonMobil Vietnam Holding Co. Ltd. for its lubricants and specialties business in Vietnam. The purchase includes a lubricant blending plant in the southern Vietnamese province of Dong Nai and Exxon’s base oil distribution network throughout the country. (source OEM/Lube News) (more…)

Global Recession Levels Serious Blow to Lubes Industry

The worldwide recession has sent the global lubricants market into a tailspin – even demand in the usually burgeoning Asia-Pacific region has slipped by almost 3%. But, while the global community may be “in it together,” the specific market drivers and impacts of the recession vary significantly from one geographic region to the next. Given this uncertainty, what might the finished lubes industry look like once the worst is over? Read more…

A number of small niche marketers looking for a white knight may cause increased M&A activity for the lubricants industry

With the state of the current economy it may come as a surprise that a number of firms are continuing to acquire other companies. However bankers are pointing to early signs of a pick-up in mergers and acquisitions (Source Reuters). This pickup in M&A activity may be due to the recession though not all cases can be definitively linked to it! (more…)

Global Aviation Turbine Engine Oil Suppliers 2009: Customer Value-Added Analysis

Kline & Company is pleased to announce a new study from its Energy practice, Global Aviation Turbine Engine Oil Suppliers 2009: Customer Value-Added Analysis.

This study is designed to help answer a number of strategically important questions regarding how manufacturers of global aviation turbine engine oil products are viewed by their customers and how they compare to their competitors in key areas. Products to be analyzed primarily include aviation turbine engine oils, and manufacturers will be rated on about 25 purchase factors.

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