Hydrocarbons & Petroleum Products · Direct
Monitoring · monthlyProcurement Category Intelligence
Lubricant Base Oils Group II
Overview
Market size
$19
global, USD
CAGR
3.4%
base to forecast
Buyer power
-2.4
supplier-favoured
Suppliers
6
tracked players
Signals
12
1 high severity
Market outlook
2031$22
What changed
Demand by region
Asia Pacific demand48%
North America demand20%
Europe demand18%
Middle East and Africa demand9%
Rest of world demand5%
share of global demandtotal 100%
Cost drivers
Vacuum Gas Oil feedstock and crude sourcing55%
Refinery processing and hydrocracking energy20%
Logistics, freight, and terminal handling12%
Catalysts and chemical additives8%
Plant maintenance, overhead, and compliance5%
share of delivered cost (analyst estimate)