CONIBO Additives: Optimistic about the global additive market
The United States CONIBO Energy Co., Ltd. recently released an internal circular, said the future of CONIBO lubricant additives will benefit from the global trend of the development of lubricants market, the company's new high-end lubricant additives will be promising. In a report released in July by Frost & Sullivan, a growth consultancy firm in the United States, strongly supports this view. In his report, he analyzed the global lubricant additive market situation and pointed out that in the next few years, global lubricant additives The market will maintain a rapid growth trend, with great investment potential.
Sales of lubricant additives to further expand the scale
Additives total sales revenue in 2013 reached 11.77 billion US dollars, a total of 3.65 million tons, but the world of lubricant additives market is still not yet saturated. . Frost & Sullivan expects the market to reach $ 16.28 billion by 2020, an average annual growth rate of 4.6% from 2013 to 2020.
From the market structure, the global lubricant additives market is divided into four categories: deposition control additives, viscosity control additives, film additives, other lubricant additives. Among them, deposition control additives, viscosity control additives, film-forming additives are the main part of the market, sales accounted for 51.7%, 23.5%, 19.1% respectively. The remaining proportion of other lubricating oil additives is relatively small, 5.8%.
Four key drivers driving the sales growth of lubricant additives
Frost & Sullivan's analysis of the impact on the world lubricant additive sales market related factors, put forward in the following areas:
1, shipping, aviation and other areas of development. As long as the use of machinery to get the place, there must be a lubricant figure. Ocean freight gradually recovered from the financial crisis, bringing a large number of new shipments. The development of the aviation industry in the Asia-Pacific region has prompted airlines in these regions to continuously increase their purchase of equipment and increase the utilization rate of equipment. All of these, have brought huge growth opportunities for the lubricating oil market.
2, the number of cars and mileage was a geometric increase. The widespread use of cars, the booming new and used car marketplace have contributed to the demand for lubricants and lubricant additives. Especially for many emerging industrial countries, the car ownership has not reached saturation, the market still has plenty of room for growth. For North America and Western Europe, second-hand car trading is frequent, with an average increase of more cars per car than ever before.
3, more stringent vehicle exhaust and industrial emissions standards. Mandatory provisions from the environmental protection department, prompting people have to pay attention to the use of environmentally friendly lubricants, but also to promote the development and sale of environmentally friendly additives. In North America and Western Europe, a vehicle passport must be tested for emissions prior to obtaining a vehicle passport; the EU promulgated a rule requiring equipment manufacturers to reduce light-vehicle carbon dioxide emissions from 130.0g / km to 95.0g / km between 015 and 2020; China also requires The exhaust emission from vehicles has dropped from 6.9L in 1996 to 5L / 100L in 2020. The increase in environmental requirements means the demand for lubricant additives is increasing.
4, from the sales staff's recommendation. Due to the limitations of professional knowledge, customers are more willing to listen to the views of car repair shops and gas station maintenance personnel who, for reasons of interest or safety, will provide more conservative opinions such as shorter oil change intervals and more advanced replacement Lubricants and so on. The same applies to both in-house and professional service and maintenance personnel, who tend to procure high-grade lubricant additives to reduce emissions and accident risks.
Market share is still highly concentrated in the short term
Currently, the world market share of lubricant additives is dominated by the following four companies: Lubrizol, Infineum, Chevron Oronite, Afton, The home company has a market share of over 85%. Among them, Lubrizol leads the market with 34.0% of the market. Infineum and Chevron are the second leading players, accounting for 23.5% and 18.0% respectively. The situation will not change in the short term unless one company has new disruptive products enough to affect the world.
CONIBO lubricants that the world lubricant additives market opportunities and challenges co-exist, but this is not a bad thing. As demand for high-quality products grows, the penetration of CONIBO's high-grade base and bio-based lubricant additives into the automotive and industrial sectors will increase. The concept of sustainability and environmental, health and safety standards will promote us Less dust non-toxic additives and biodegradable products sales.
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