Overview

Elbow grease: Increasing import penetration has caused revenue to decline

IBISWorld’s Lubricants and Other Petroleum Product Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

REPORT SNAPSHOT

Industry Analysis & Industry Trends

The Lubricants and Other Petroleum Products Manufacturing industry produces a range of vital lubricant, grease, fluid, oil and bituminous goods. Industry products are broadly used throughout society to run vehicles, machinery and equipment, to construct roads, and in general manufacturing. The industry is expected to generate revenue of $1.6 billion in 2016-17, down 1.5% on the previous year due to base stock prices falling. The industry has suffered from export declines over the past five years as global production increased, while competing imports also decreased. Industry revenue is expected to decline at an annualised rate of 3.6% over the five years through 2016-17 due to lower prices and volumes.

Exports are forecast to generate 12.9% of industry revenue in 2016-17...

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Industry Report - Industry Key Buyers Chapter

Industry concentration is at a high level, with the four largest companies estimated to account for 72.2% of industry revenue in 2016-17. Further, the eight largest industry firms are projected to make up for over 87% of industry revenue for the year. The high concentration level shows that economies of scale permit only a small number of major producers in each key commodity segment. There are also relatively few small or fringe participants that account for a relatively small proportion of industry revenue.

Industry concentration has decreased in the past five years with BP Australia and Caltex Australia dissolving their 50:50 joint venture, Australasian Lubricants Manufacturing Company (ALMC). Thi..

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Industry Products

What is the Lubricants and Other Petroleum Product Manufacturing Industry?

The industry produces a range of petroleum and lubricant products manufactured using base stocks consisting of oil, grease and organic compounds. These products include automotive oils, other transport oils, industrial oils, greases and other lubricants. Firms in the industry also manufacture bituminous materials and coal products such as petroleum coke and coal coke.

Industry Products
Bituminous materials and coke products
Diesel engine oils
Petrol engine oils
Other lubricants and oils
Hydraulic oils
Transmission oils
Gear oils
Greases
Industry Activities
Bituminous material (excluding hot-mix bituminous paving)
Automotive fluids production
Benzene
Coal tar production
Fuel briquette (except charcoal)
Lubricating oil and grease
Mineral turpentine
Motor oil
Petroleum coke and petroleum coke product
Recovery of oil and grease from petroleum waste

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

Competitive Landscape

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
industry Globalisation

Major Companies

Operating Conditions

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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