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Europe Industrial Lubricants Market segmentation by base oil (Mineral, Synthetic, Bio), product type (Metalworking Fluid, Grease, Hydraulic, Gear, Compressor, Turbine Oil) and end-use industry (Automotive, Construction, Mining, Metal, Cement, Power Generation, Manufacturing, Food), COVID-19 Impact on the industry and Forecast to 2027.

Published: January, 2022
ID: 9988
Pages: 155

Europe Industrial Lubricants Market is estimated to experience a reasonable growth rate in the foreseen years. Europe encountered a decline in the consumption of lubricants since the turn of the century, well before the GFC, despite population growth of 6% in the same period, the consumption has gone down to as low as 30%. These figures reflect an approach to improving the performance of lubricants and an ongoing trend to improve lubricant efficiency as synthetic oil becomes widespread in automotive, industrial and metalworking applications. Per capita lubricants consumption of in Europe was calculated at 8 kilograms (kg) per person, down from around 12 kg at the start of the decade.

Recent Developments in Europe Industrial Lubricants Market:

  • Royal Dutch Shell plc’s subsidiary Shell Gas B.V. announced that their final decision on investment in a processing unit in Nigeria has been met and investments will be made.
  • Air BP, the aviation division of BP, will be providing  free jet fuel for use by the helicopters of a number of UK air ambulance services as their resort to fight against the global pandemic.
  • BANQUE DES TERRITOIRES, a subsidiary of Total announced that it will take a 50% stake in a portfolio consisting of solar and wind power assets of Total in France.
  • They also announced their first offshore oil field in the west of Shetland.
  • FUCHS PETROLUB SE experienced significant decline in sales revenues in first two quarters of 2020 due to the COVID-19 pandemic but backs sufficient liquidity to avoid bankruptcy.

Drivers and Restraints of Industrial Lubricant market:

The design of internal combustion engines (IC Engines) and mechanical engineering has evolved at a very fast pace. The elements of the engine are now exposed to much more tension and heat due to the improvements in engines; this has led to an improvement in the lubrication used. In addition to this, very high RPM engines have emerged that require better quality of engine oil. Also, the transmission system inside a vehicle has also improved with vehicle reaching speed up to 150 miles per hour. The gearing technology and bearing system have also improved. All these improvements and evolution improved the demand for better lubricants which eventually led the European industrial lubricants industry to grow and evolve.

Factors holding back the market are:
In the past few years, the popularity of electric vehicles and hybrid vehicles has significantly increased. These are not completely dedicated to IC engines for their functioning hence their consumption for lubrication is also low. This has had a severe impact on the demand for lubrication as these vehicles cut the demand by almost half.

Europe Industrial Lubricants Market Segmentation

By Base Oil

  1. Mineral Oil
  2. Synthetic Oil
  3. Bio-Oil

By Product

  1. Engine Oil
  2. Metalworking Fluid
  3. Hydraulic Fluid
  4. Turbine Oil
  5. Grease
  6. Gear
  7. Compressor

By End-user

  1. Automotive
  2. Construction
  3. Power Generation
  4. Metal
  5. Cement
  6. Manufacturing
  7. Food

The engine oil industry is heavily dependent on the growth and functioning of automobile industry. With the global shift towards hybrid and electric vehicles, alternative fuel engine oil demand in Germany is expected to increase with a CAGR of 3.7% over the period between 2020 to 2025, that is higher than gasoline and diesel engine oils.
The Hydraulic fluid market is expected to register a healthy growth rate in Europe during the forecast period on account of the increasing use of hydraulic fluids in the automotive and oil & gas industries. Some countries contributing towards the growth are Germany, France and Russia. The grease market in Europe is expected to grow a little over 1% CAGR between 2020-2025, as there are many downsides to it, coupled with the COVID-19 pandemic, this figure can also drop down if the situation does not improve.

The automotive end-user industry is the dominant segment in the European market that is likely to continue its reign in the coming years.

Europe Industrial Lubricants Market Regional Presence:

The Union of European Lubricants industry (UEIL) represents the interests of the lubricants industry in Europe, and plays a central role in providing reliable market information and insights to businesses, individual countries and policymakers to support a deeper and comprehensive understanding of the European lubricants market.
Germany is the largest lubricant producer in Europe and it boasts a steady economy that recovered quickly from the global low of 2009. They are the front-runner in the EU and renowned for their sophisticated engineering sector which comes with lubrication innovation.Italy is also a significant presence in the lubricant industry market with volume as high as 400 thousand tonnes and it was also able to endure its worst economic crisis.

Europe Industrial Lubricants Market Key Market Players:

There are several major market players who are asserting their dominance in the Industrial Lubricants Market in recent years, some of the big names in Europe are:

  1. Royal Dutch Shell Plc. (Netherlands)
  2. B.P Plc (U.K)
  3. Total SA (France)
  4. Fuchs Petrolub AG (Germany)
  5. Lukoil (Russia)

Impact of COVID-19 on the Europe Industrial Lubricants Market:

Lubricant markets of Italy, France, Germany, and Spain combine to make the 8% of the overall global demand and 50% of the European demand. Before the pandemic, the growth rate was expected to be flat thanks to the technological shift and post that it has suffered dearly. Europe was a hotspot for the covid-19 virus and business had to be shut completely. The lubricant industries suffered huge losses and often were required to prove strong liquidity to avoid bankruptcy. The pandemic can bring some changes in the consumer segment of the industry which will eventually affect the demand as lubrication requirement is no longer being seen as a top priority. All in all, lubricant industry is stagnant, and the pandemic has added much to its woes.

 

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Type                              

                                5.1.1 Introduction           

                                5.1.2 Metalwroking Fluid             

                                5.1.3 Grease Hydraulic  

                                5.1.4 Gear          

                                5.1.5 Compressor            

                                5.1.6 Turbine Oil              

                                5.1.7  Y-o-Y Growth Analysis, By Type    

                                5.1.8  Market Attractiveness Analysis, By Type  

                                5.1.9  Market Share Analysis, By Type    

                5.2 End-Use Industry                     

                                5.2.1 Introduction           

                                5.2.2 Construction & Mining       

                                5.2.3 Metal        

                                5.2.4 Cement    

                                5.2.5 Power Generation               

                                5.2.6 Manufacturing      

                                5.2.7 Food          

                                5.2.8 Y-o-Y Growth Analysis, By  End-Use Industry           

                                5.2.9 Market Attractiveness Analysis, By  End-Use Industry         

                                5.2.10 Market Share Analysis, By  End-Use Industry        

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Type

                                                6.1.3.3 By End-Use Industry

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Type

                                                6.1.4.3 By End-Use Industry

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Type

                                                6.1.5.3 By End-Use Industry

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France             

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 ExxonMobil Corporation                       

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Royal Dutch Shell Plc.                             

                8.3 BP Plc.                           

                8.4 Bell-ray Company                    

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures

  1. Europe Industrial Lubricants  Market By Region, From 2022 - 2027 ( USD Billion )

  2. Europe Industrial Lubricants Market By Type, From 2022 - 2027 ( USD Billion )

  3. Europe Metalworking Fluid Market By Region, From 2022 - 2027 ( USD Billion )

  4. Europe Grease Hydraulic Market By Region, From 2022 - 2027 ( USD Billion )

  5. Europe Gear Market By Region, From 2022 - 2027 ( USD Billion )

  6. Europe Compressor Market By Region, From 2022 - 2027 ( USD Billion )

  7. Europe Turbine Oil Market By Region, From 2022 - 2027 ( USD Billion )

  8. Europe Industrial Lubricants Market By End-Use Industry, From 2022 - 2027 ( USD Billion )

  9. Europe Construction & Mining Market By Region, From 2022 - 2027 ( USD Billion )

  10. Europe Metalworking Fluid Market By Region, From 2022 - 2027 ( USD Billion )

  11. Europe Cement Market By Region, From 2022 - 2027 ( USD Billion )

  12. Europe Power Generation Market By Region, From 2022 - 2027 ( USD Billion )

  13. Europe Manufacturing Market By Region, From 2022 - 2027 ( USD Billion )

  14. Europe Food Market By Region, From 2022 - 2027 ( USD Billion )

  15. Europe Industrial Lubricants Market By Region, From 2022 - 2027 ( USD Billion )

 

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