基油市場：グループ別、用途別、地域別、2024年～2031年

基油市場の評価、2024年～2031年

エンジン技術への投資と、低排出ガスと高燃費を義務付ける厳しい環境規制が、自動車と産業部門における高性能潤滑油へのニーズの高まりに拍車をかけ、基油市場を牽引しています。Verified Market Researchのアナリストによると、基油市場は、2024年の約204億米ドルを下回り、予測期間中に285億7,000万米ドルの評価に達すると推定されています。

新興国における工業化と都市化の進展は、効率的な機械や設備のメンテナンスに対する要求の高まりと相まって、様々な潤滑油用途における基油の需要増加を促進しています。このため、2024年から2031年にかけて、市場はCAGR4.3%で成長します。

基油市場定義/概要

基油は、潤滑剤処方の基礎成分として使用される石油精製品または合成品であり、適切な潤滑を保証し、機械システムの摩耗や損傷を軽減します。様々な精製工程を経て原油から得られるか、化学化合物から製造される基油は、粘度、熱安定性、耐酸化性など、潤滑を成功させるために重要な特徴を持っています。

さらに、基油には数多くの産業用途があります。自動車産業では、エンジンオイル、トランスミッション・オイル、ギアオイルの製造に使用され、エンジンの性能と寿命を向上させる。産業用途としては、油圧機械の動力を伝達する油圧作動油、多様な機械のギアを潤滑するギア油、エアコンプレッサーの効率的な機能を保証するコンプレッサー油の調合が挙げられます。

基油市場の成長に影響を与える側面とは？

中国やインドなどのアジア太平洋地域を中心に、産業部門が急速に拡大しています。その結果、さまざまな用途で潤滑油の需要が大幅に増加しています。潤滑油は、製造業における工場機械の円滑な稼働、発電におけるタービンの効率的な稼働、鉱業機械の信頼性の高い性能に不可欠です。基油はこれらの潤滑油の基礎であるため、産業分野での需要の増加は基油市場の主要な促進要因となっています。

自動車産業の高性能車への移行と長寿命化は、これらの厳しい基準を満たすように設計された潤滑油を要求しています。プレミアム・基油は、粘度指数、耐酸化性、低温流動性においてiグループ・基油を凌ぐ。これは、燃費の向上、オイルの排出間隔の延長、ひいては環境に優しい輸送システムの実現を意味します。その結果、自動車業界は性能と持続可能性を重視するようになり、グループIIおよびIII基油の需要を牽引しています。

さらに、多業種にわたる現代の機械で複雑な油圧システムの使用が増加していることも、基油市場の主な促進要因となっています。これらの油圧システムは、自動車（オートマチックトランスミッション、ブレーキ、パワーステアリング）から建設機械（トラクター、ブルドーザー、掘削機）、農業機械（ハーベスター、プランター）に至るまで、効率的かつ確実に作動するために高品質の油圧オイルに依存しています。基油は、潤滑、摩耗防止、粘度制御、熱安定性、酸化安定性に必要な品質を提供するため、これらの油圧作動油に不可欠な成分です。高度な油圧システムを備えた複雑な機械のニーズが高まるにつれて、高性能な基油の必要性も高まっています。

基油市場が直面する主な課題とは？

基油は通常、原油の蒸留から生成されるため、基油市場は原油価格の急激な変動の影響を受けやすいです。原油価格の急激かつ急激な変動は、基油生産の全体的なコスト構造に影響を与え、市場の安定性と精製業者の収益性を脅かします。この価格変動は、基油を使用して製造される潤滑油に依存している産業にも懸念をもたらしています。

さらに、原油を原料とするバージン・基油に代わる、より環境に優しいものとして、再精製によって得られるリサイクル・基油の使用が人気を集めています。リサイクル基油は、バージン原油への依存を減らし、廃棄物の最小化を促進するため、環境に有益です。リサイクル技術が進歩し、製造コストが低下するにつれ、回収基油はバージン基油の市場シェアに対する大きな課題となっています。

目次

目次

第1章 世界の基油市場のイントロダクション

• 市場概要
• 調査範囲
• 前提条件

第2章 エグゼクティブサマリー

第3章 VERIFIED MARKET RESEARCHの調査手法

• データマイニング
• 検証
• 一次インタビュー
• データソース一覧

第4章 世界の基油市場の展望

• 概要
• 市場力学
  • 促進要因
  • 抑制要因
  • 機会
• ポーターファイブフォースモデル
• バリューチェーン分析
• 規制の枠組み

第5章 基油の世界市場、タイプ別

• 概要
• グループI
• グループII
• グループIII
• グループIV
• グループV

第6章 基油の世界市場、用途別

• 概要
• 自動車用オイル
• グリース
• 油圧オイル
• 工業用オイル
• 金属加工油
• その他

第7章 基油の世界市場、地域別

• 概要
• 北米
  • 米国
  • カナダ
  • メキシコ
• 欧州
  • ドイツ
  • 英国
  • フランス
  • その他欧州
• アジア太平洋
  • 中国
  • 日本
  • インド
  • その他アジア太平洋地域
• ラテンアメリカ
  • ブラジル
  • アルゼンチン
• 世界のその他の地域

第8章 世界の基油市場の競合情勢

• 概要
• 各社の市場シェア
• ベンダー情勢
• 主な開発戦略

第9章 企業プロファイル

• Royal dutch shell plc
• Exxon Mobil Corporation
• Neste oil
• Avista oil AG
• Nynas AB
• Chevron Corporation
• Evonik industries
• Ergon inc
• H&R olwerke Schindler gmbh
• Petronas
• Repsol

第10章 付録

• 関連レポート

Base Oil Market Valuation - 2024-2031

Investments in engine technology and strict environmental rules mandating lower emissions and higher fuel efficiency are fueling the growing need for high-performance lubricants in the automotive and industrial sectors, which is driving the base oil market. According to the analyst from Verified Market Research, the base oil market is estimated to reach a valuation of USD 28.57 Billion over the forecast subjugating aroundUSD 20.4 Billion valued in 2024.

The growing industrialization and urbanization in emerging nations, combined with the increasing requirement for efficient machinery and equipment maintenance, is driving increased demand for base oils in a variety of lubricant applications. It enables the market to grow at aCAGR of 4.3% from 2024 to 2031.

Base Oil Market: Definition/Overview

Base oil is a refined petroleum or synthetic product used as the foundational ingredient in lubricant formulations, guaranteeing appropriate lubrication and reducing wear and tear in mechanical systems. Base oils, which are either derived from crude oil through various refining processes or manufactured from chemical compounds, have features such as viscosity, thermal stability, and oxidation resistance that are critical for successful lubrication.

Furthermore, base oils have numerous industrial applications. In the automobile industry, they are used to manufacture engine oils, transmission fluids, and gear oils, which improve engine performance and lifetime. Industrial applications include the formulation of hydraulic fluids, which transfer power in hydraulic machinery; gear oils, which lubricate gears in diverse machinery; and compressor oils, which ensure the efficient functioning of air compressors.

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What are the Aspects Influencing the Growth of the Base Oil Market?

The industrial sector, particularly in Asia-Pacific regions such as China and India, is expanding rapidly. This results in a huge increase in demand for lubricants in a variety of applications. Lubricants are vital for the smooth operation of factory machinery in manufacturing, the efficient working of turbines in power production, and the reliable performance of mining equipment. Because base oil is the cornerstone of these lubricants, their increasing demand in the industrial sector serves as a primary driver for the base oil market.

The automotive industry's transition to high-performance vehicles and longer lifespans demands lubricants designed to fulfill these stringent standards. The premium base oils outperform Group I base oils in terms of viscosity index, oxidation resistance, and low-temperature fluidity. This means increased fuel efficiency, longer oil drain intervals, and, eventually, a more ecologically friendly transportation system. As a result, the automobile industry's growing emphasis on performance and sustainability is driving demand for Group II and III base oils.

Furthermore, the growing usage of complicated hydraulic systems in contemporary machinery across multiple industries is a primary driver of the base oil market. These hydraulic systems, found in everything from autos (automatic transmissions, brakes, power steering) to construction equipment (tractors, bulldozers, excavators) and agricultural machinery (harvesters, planters), rely on high-quality hydraulic oils to operate efficiently and reliably. Base oil is an essential component of these hydraulic oils because it provides the qualities required for lubrication, wear protection, viscosity control, and thermal and oxidative stability. As the need for complex machinery with sophisticated hydraulic systems develops, so does the need for high-performance base oils.

What are the Primary Challenges Faced by the Base Oil Market?

Base oils are typically generated from crude oil distillation, making the base oil market naturally susceptible to dramatic variations in crude oil prices. Rapid and abrupt fluctuations in crude oil prices affect the overall cost structure of base oil production, threatening market stability and profitability for refiners. This price fluctuation has also created concern for industries that rely on lubricants manufactured using base oils.

Furthermore, the use of recycled base oils obtained through re-refining procedures is gaining popularity as a more environmentally friendly alternative to virgin base oils sourced from crude oil. Recycled base oils are environmentally beneficial since they reduce reliance on virgin crude oil and promote waste minimization. As recycling technology advances and production costs fall, recovered base oils represent a substantial challenge to virgin base oils' market share.

Category-wise Acumens

What Factors Contribute to the Increasing Demand for Group I Base Oil?

According to VMR analyst, the group I engine segment is expected to dominate within the base oil market. Group I base oils are the most cost-effective because of the simpler refining process, This makes them an appealing alternative for applications where high performance isn't a top priority, such as basic engine oils in older vehicles, industrial lubricants for less demanding machinery, and process oils in a variety of industries.

Group I base oils have been produced and used for a long time, resulting in a well-established worldwide supply chain and infrastructure for their manufacture, transportation, and storage. Many producers find Group I base oils to be a convenient and trustworthy source thanks to this easily accessible network.

Furthermore, while not the most advanced option, Group I base oils provide appropriate lubrication, viscosity index, and wear prevention for a variety of applications. This makes them an appropriate alternative in circumstances where the cost savings outweigh the necessity for greater performance provided by higher-grade groups such as Group II and III.

How does the Application in Automotive Oils Boost the Sales of the Base Oil?

The automotive oil segment is estimated to hold the largest share of the Base Oil Market during the forecast period. The worldwide automotive industry is constantly creating a wide range of vehicles, including passenger cars, light trucks, and heavy-duty commercial vehicles. To perform effectively, all of these vehicles require engine oil, transmission oil, and other lubricants manufactured with base oil. This massive number of automobiles creates a considerable and steady demand for base oil in automotive applications.

Modern car engines are engineered to last longer, but they still require often oil changes. The recommended oil change intervals vary based on the vehicle and driving circumstances but are normally every several thousand kilometers. This frequent need for fresh oil adds considerably to the continued need for base oil in the automotive industry.

Furthermore, the automotive industry's emphasis on performance and fuel efficiency is boosting demand for premium base oils. Group II and III base oils, which have superior qualities such as increased oxidation resistance and low-temperature fluidity, are increasingly preferred over traditional Group I base oils when manufacturing modern vehicle lubricants. This tendency reinforces the automotive segment's dominant position in the base oil market.

Country/Region-wise Acumens

What are the Drivers Contributing to the Dominance of Asia Pacific in the Market?

The Asia Pacific region is estimated to dominate the base oil market during the forecast period. The Asia-Pacific region, particularly China and India, has a fast-expanding automobile sector. This correlates to an increase in vehicle manufacturing and sales, including passenger automobiles, two-wheelers, and commercial vehicles. To ensure proper functioning, each of these vehicles requires lubricants prepared with base oil. This huge and ever-expanding automotive base generates enormous demand for base oil in the Asia-Pacific region.

Many Asian economies are undergoing fast industrialization, resulting in a thriving manufacturing sector. This leads to increased demand for lubricants in a variety of industries, including power generating, construction, and mining. These lubricants use base oil as a major component to ensure the proper operation of machinery and equipment. As Asia-Pacific's industrial landscape continues to expand, the need for base oil is expected to rise proportionally.

Furthermore, several Asian nations are putting in place laws to improve fuel efficiency and car emissions management. This, in turn, mandates the use of high-performance lubricants made from Group II and III base oils. Also, government investments in infrastructure development projects drive up the need for base oil in construction equipment and machinery. Collectively, these factors contribute to Asia-Pacific's supremacy in the base oil market.

What Factors Influence the Market of Base Oil in the European Region?

Europe region is estimated to exhibit substantial growth within the market during the forecast period. The European automotive sector is well-known for its emphasis on advanced technologies and high-performance automobiles. Lubricants made with superior base oils are required for modern automotive engines to provide optimal performance, longer lifespans, and increased fuel efficiency. This demand for high-quality base oils in European automobile manufacturing adds greatly to the region's base oil market expansion.

Furthermore, despite the trend toward electric vehicles, Europe still has a substantial number of older automobiles on the road. Modern lubricants produced with high-quality base oils allow for longer oil drain intervals in these cars. This implies that demand for base oil will remain high, even if new car production slows down.

Competitive Landscape

The competitive landscape of the base oil market is characterized by fierce competition among producers seeking to improve product quality, broaden their portfolios, and increase market presence. Additionally, strategic collaborations, mergers and acquisitions, and investments in research and development are critical techniques used to acquire a competitive advantage.

Some of the prominent players operating in the base oil market include:

Chevron Corporation

Exxon Mobil Corporation

S-OIL CORPORATION

Motiva Enterprises LLC

SK Innovation Co. Ltd.

Royal Dutch Shell Plc

Neste Oyj

AVISTA OIL AG

Nynas AB

Repsol S.A.

Ergon Inc.

Calumet Specialty Products Partners L.P.

H&R Group

Sinopec Corp.

PetroChina Company Limited

Latest Developments:

In September 2023, Petronas and Pertamina agreed to consider developing a base oil plant at Pertamina's fuels refinery in Cilacap, Indonesia.

In March 2023, ExxonMobil Corporation extended its gasoline supply with the Beaumont refinery expansion project, increasing capacity to 250,000 barrels per day. The strategic approach has helped the corporation increase crude production in the Permian Basin.

In April 2022, Chevron Global Energy, Inc., a subsidiary of Chevron Corporation, bought Nestle Corporation's NEXBASE brand, qualifications, approvals, and sales and marketing operations.

In January 2021, Pennzoil-Quaker State Company (dba SOPUS products) and CSW Industrials, Inc., a subsidiary of Shell Plc., announced a cooperation with Whitemore Manufacturing LLC. The alliance has formed a joint venture to provide greases, lubricants, and coolants to the US mining and North American rail industries.

TABLE OF CONTENTS

TABLE OF CONTENTS

1 INTRODUCTION OF GLOBAL BASE OIL MARKET

• 1.1 Overview of the Market
• 1.2 Scope of Report
• 1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE

• 3.1 Data Mining
• 3.2 Validation
• 3.3 Primary Interviews
• 3.4 List of Data Sources

4 GLOBAL BASE OIL MARKET OUTLOOK

• 4.1 Overview
• 4.2 Market Dynamics
  • 4.2.1 Drivers
  • 4.2.2 Restraints
  • 4.2.3 Opportunities
• 4.3 Porter Five Force Model
• 4.4 Value Chain Analysis
• 4.5 Regulatory Framework

5 GLOBAL BASE OIL MARKET, BY TYPE

• 5.1 Overview
• 5.2 Group I
• 5.3 Group II
• 5.4 Group III
• 5.5 Group IV
• 5.6 Group V

6 GLOBAL BASE OIL MARKET, BY APPLICATION

• 6.1 Overview
• 6.2 Automotive Oil
• 6.3 Greases
• 6.4 Hydraulic Oil
• 6.5 Industrial Oil
• 6.6 Metalworking Fluids
• 6.7 Others

7 GLOBAL BASE OIL MARKET, BY GEOGRAPHY

• 7.1 Overview
• 7.2 North America
  • 7.2.1 U.S.
  • 7.2.2 Canada
  • 7.2.3 Mexico
• 7.3 Europe
  • 7.3.1 Germany
  • 7.3.2 U.K.
  • 7.3.3 France
  • 7.3.4 Rest of Europe
• 7.4 Asia Pacific
  • 7.4.1 China
  • 7.4.2 Japan
  • 7.4.3 India
  • 7.4.4 Rest of Asia Pacific
• 7.5 Latin America
  • 7.5.1 Brazil
  • 7.5.2 Argentina
• 7.6 Rest of the World

8 GLOBAL BASE OIL MARKET COMPETITIVE LANDSCAPE

• 8.1 Overview
• 8.2 Company Market Share
• 8.3 Vendor Landscape
• 8.4 Key Development Strategies

9 COMPANY PROFILES

• 9.1 Royal dutch shell plc
  • 9.1.1 Overview
  • 9.1.2 Financial performance
  • 9.1.3 Product outlook
  • 9.1.4 Key Developments
• 9.2 Exxon Mobil Corporation
  • 9.2.1 Overview
  • 9.2.2 Financial performance
  • 9.2.3 Product outlook
  • 9.2.4 Key Developments
• 9.3 Neste oil
  • 9.3.1 Overview
  • 9.3.2 Financial performance
  • 9.3.3 Product outlook
  • 9.3.4 Key Developments
• 9.4 Avista oil AG
  • 9.4.1 Overview
  • 9.4.2 Financial performance
  • 9.4.3 Product outlook
  • 9.4.4 Key Developments
• 9.5 Nynas AB
  • 9.5.1 Overview
  • 9.5.2 Financial performance
  • 9.5.3 Product outlook
  • 9.5.4 Key Developments
• 9.6 Chevron Corporation
  • 9.6.1 Overview
  • 9.6.2 Financial performance
  • 9.6.3 Product outlook
  • 9.6.4 Key Developments
• 9.7 Evonik industries
  • 9.7.1 Overview
  • 9.7.2 Financial performance
  • 9.7.3 Product outlook
  • 9.7.4 Key Developments
• 9.8 Ergon inc
  • 9.8.1 Overview
  • 9.8.2 Financial performance
  • 9.8.3 Product outlook
  • 9.8.4 Key Developments
• 9.9 H&R olwerke Schindler gmbh
  • 9.9.1 Overview
  • 9.9.2 Financial performance
  • 9.9.3 Product outlook
  • 9.9.4 Key Developments
• 9.10 Petronas
  • 9.10.1 Overview
  • 9.10.2 Financial performance
  • 9.10.3 Product outlook
  • 9.10.4 Key Developments
• 9.11 Repsol
  • 9.11.1 Overview
  • 9.11.2 Financial performance
  • 9.11.3 Product outlook
  • 9.11.4 Key Developments

10 Appendix

• 10.1 Related Reports