Hydrocarbons & Petroleum Products · Direct
Monitoring · monthlyProcurement Category Intelligence
Lubricant Base Oils Group I
Overview
Market size
$6.0B
global, USD
CAGR
2.5%
base to forecast
Buyer power
-2.0
supplier-favoured
Suppliers
7
tracked players
Signals
12
3 high severity
Market outlook
2031$6.8B
What changed
Demand by region
Asia Pacific demand38%
Europe demand24%
North America demand18%
Latin America demand12%
Rest of world demand8%
share of global demandtotal 100%
Cost drivers
Vacuum Gas Oil (VGO) feedstock55%
Refinery energy and utilities15%
Solvent extraction processing12%
Logistics and freight10%
Labor and plant overhead8%
share of delivered cost (analyst estimate)