Lubricant Base Oils Group III

Overview

Market size

$34.3B

global, USD

CAGR

3.8%

base to forecast

Buyer power

-1.6

supplier-favoured

Suppliers

tracked players

Signals

9 high severity

Market outlook

2031$41.3B

Asia Pacific demand40%

Europe demand28%

North America demand22%

Middle East and Africa demand7%

Rest of world demand3%

share of global demandtotal 100%

Feedstock Vacuum Gas Oil and Crude Oil price55%

Refinery processing energy and hydrocracking utility costs20%

Hydrogen supply for catalytic dewaxing and saturation10%

Logistics, bulk ocean freight, and terminal storage10%

Catalysts and fixed operational overhead5%

share of delivered cost (analyst estimate)

7 tracked