IndustryARC

TURBINE OIL MARKET (2014 2020)

By Type (Paraffinic, Naphthenic, Aromatic, Engine, Motor, Hydraulic, Automotive

and Others); By Application (Gear, Turbochargers, Marine Engines, Refrigeration
systems, Hydraulic systems, Power Generation and Others) and By Geography

Table of Contents
1. Global Turbine Oils Market Overview
2. Executive Summary
3. Global Turbine oils Market Landscape
3.1. Market Share Analysis
3.2. Comparative Analysis
3.2.1.

Product Benchmarking

3.2.2.

End user profiling

3.2.3.

Top 5 Financials Analysis

4. Global Turbine oils Market Forces

4.1. Market Drivers
4.2. Market Constraints
4.3. Market Challenges
4.4. Attractiveness of Global Turbine oils Market
4.4.1.

Power of Suppliers

4.4.2.

Power of Customers

4.4.3.

Threat of New entrants

4.4.4.

Threat of Substitution

4.4.5.

Degree of Competition

5. Global Turbine oils Market Strategic Analysis

5.1. Value Chain Analysis
5.2. Pricing Analysis
5.3. Opportunities Analysis
5.4. Product/Market Life Cycle Analysis
5.5. Suppliers and Distributors

6. Global Turbine oils Market By Type

6.1. Mineral Lubricants
6.1.1. Paraffinic oils
6.1.2. Naphthenic oils
6.1.3. Aromatic oils
6.2. Synthetic Lubricants
6.2.1 Engine oils
6.2.2. Motor oils
6.3. Bio-Based Lubricants
6.3.1. Automotive oils
6.3.2. Hydraulic oils
6.3.3. Process oils
6.3.4. Crankcase oils
6.3.5. Metal working oils
7. Global Turbine oils Market By Application
7.1. Marine Engines
7.2. Stern tubes
7.3. Turbochargers
7.4. Air Compressors & vacuum pumps
7.5. Gear applications
7.6. Hydraulic systems
7.7. Refrigeration systems
7.8. Grease applications
7.9. Automotive Manufacturing
7.10. Power generation

7.11. Fire resistants

8. Global Turbine oils Market By Geography
8.1. Introduction
8.2

Americas
8.1.1. North America
8.1.2. United States
8.1.3. Canada
8.1.4. Mexico

8.2.

Europe
8.2.1. UK
8.2.2. Spain
8.2.3. Germany

8.3.

APAC
8.3.1. China
8.3.2. India
8.3.3. Japan
8.3.4. Australia

8.4.

ROW

9. Market Entropy
9.1.

New Product Launches

9.2.

M&As, Collaborations, JVs and Partnerships

10. Investment Opportunities Analysis by Target companies/customers, Capital Investments,

ROI, Payback Period and Source of Funds.
11. Company Profiles (Overview, Financials, SWOT Analysis, Developments, Product Portfolio)
11.1.Intertek
11.2. Chongqing Zhongneng Oil purifier Manufacture Co.

11.3. Cargill Incorporated

11.4. Lubrication Engineers, Inc.
11.5. ConocoPhillips Company
11.6. The TR3 Co., Inc.
11.7. British Petroleum Plc
11.8. Binol Biolubricants
11.9. Moore & Balliew Oil Co., Inc.
11.10. InterOil Corporation
11.11. Miller Industrial Fluids, LLC
11.12. Chevron
11.13. Hindustan Petroleum Corporation Limited
11.14. Purified Lubricants, Inc.
11.15. Hightowers Petroleum Co.
11.16. OAO Lukoil
11.17. Fuchs Lubricants Co.
11.18. Royal Dutch Shell Plc
11.19. Lubricating Specialties Company
11.20. Lubrizol Corporation
12. Appendix
12.1.Abbreviations
12.2.Sources
12.3.Research Methodology
12.4.Bibliography
12.5.Compilation of Expert Insights
12.6.Disclaimer

1. GLOBAL TURBINE OIL MARKET OVERVIEW

1.1.
SCOPE
Turbine Oil was primarily designed for the use of turbines. It was initially a high quality,
straight mineral oil with good water separating qualities. Global Turbine Oil is a range of
premium Quality turbine oil, blended from highly refined turbine quality paraffin base stocks.
The turbine oil was kept clean to remove oxidation products and outside contamination. It has
gradually evolved into rust and oxidation inhibited oil, which gives long service life with the use
of conventional filters rather than the activated earth type. The study includes the demand of this
particular market on a global and regional scale for a six year period of 2014-2020, both in terms
of volume(kilo tons) and revenue($ million).
This study gives detailed information about the product value chain right from the beginning
which includes raw materials till end-use. The market is evaluated based on the key attributes
such as the power in the hands of producers and consumers, analysis on the degree of
competition, and threats from substitutes and new entrants.
Among a wide range of manufacturers which contribute to mining chemicals market, some
major players dominating the Global Turbine oil Industry are Binol Biolubricants, Cargill
Incorporated. ConocoPhillips Company, British Petroleum Plc, Chevron, Exxon Mobil
Corporation (XOM), Hindustan Petroleum Corporation Ltd. OAO Lukoil, Interoil Corporation
and The Lubrizol Corporation. They give profound data about the company overview, financial
overview, business strategies, SWOT analysis and recent developments.
Turbine Oil provides excellent protection against rust and corrosion, control of foam, air release
properties and has good demulsibility in the presence of water.

1.2. STAKEHOLDERS
The following are the key stakeholders in the Global Turbine Oil Market:
Manufacturers of turbines
Turbine Oil, Lubricants Manufacturers
Users of turbines
Power Plants
Instrumentation and Automation Service providers
Distributors
Oil & Gas exploration firms
Regulatory Institution.

2. EXECUTIVE SUMMARY
Turbine Oil is a high quality mineral oil with has an excellent capacity of water separation. It is
mainly used in Power plants, gas turbine lubrication, excavators and forklifts due to properties
like high corrosion and oxidation inhibition and foam suppression. The global turbine oil market
is expected to grow to over 12% before the end of this decade.
From a global perspective, total turbine oils demand is expected to be about 41.8 million metric
tons, or about 13 million gallons. The growth is expected to be about 2.5% per year through
2014. The turbine oils market is fairly consolidated with top four participants accounting for
67% of the market in 2014. Key market participants include UBL, Total S.A, Exxon Mobil, BP,
Shell and Chevron among others. The highest volume among the products is Mineral Oils which
accounted for a share of 96.8% in the years 2011-2018 and is expected to be the lead in the years
2014-2020 as well.

Sample Table: Global Turbine Oil Market Revenue, By Product Type, 20142020 ($M)
Product Type

2014

2015

2016

Mineral oils
xx
xx
xx
Synthetic oils
xx
xx
xx
Biobased oils
xx
xx
xx
Total
xx
xx
xx
Source: IndustryARC Analysis, Expert Interviews

2017

2018

2019

2020

xx
xx
xx
xx

xx
xx
xx
xx

xx
xx
xx
xx

xx
xx
xx
xx

CAGR
(2015 2020) %
xx%
xx%
xx%
xx%

Almost every lubricant has started off as just a base oil. They are usually categorized into groups.
Group I to III are refined from petroleum crude oil, group IV base oils are fully synthetic oils.
Group V is for all the other base oils not included in Groups I-IV. Global turbine oils
encompass a large group of emollients that serve a lot of industrial and residential purposes.
They are classified to various other segments, each type has unique property, specifications,
requirements and is intended for a special use.

KEY MARKET INSIGHTS

The global turbine oil industry is mainly driven by the soaring demand from the
automobile industry
When considering the end use insights, industrial segment was the largest end use
segment for the biobased lubricants which accounted for over 52% of global
consumption in 2014
Commercial transportation is expected to be the fastest growing segment of the global
turbine industry at an approximate CAGR of over 6.5% from 2014-2020
North America and APAC were the largest consumers of turbine oils and are expected
to be the market leaders during the forecasted period
The biobased oil market consolidates for about 65% of the total turbine oils market
Dow chemical is developing a soy polyol for chemical transformations in the global
turbine oil market
Vavoline was the first one to introduce engine oil (synthetic oil) in the market
One of the most promising developments for turbine oils come from DuPont/Pioneer

RESEARCH METHODOLOGY
The quantitative and qualitative data collected for the global turbine oil market report is
from a combination of secondary and primary sources. Research interviews were
conducted with senior executives and/or managers of leading global turbine oil solution
providers. These Key Opinion Leaders (KOLs) were then provided a questionnaire to
gather quantitative and qualitative inputs on their operations, performance, strategies and
views on the overall market, including key developments and technology trends. Data
from interviews is consolidated, checked for consistency and accuracy, and the final market
numbers are again validated by experts. The global market was split by products, services
and geography based on different factors like primary and secondary sources,
understanding of the number of companies operating in each segment and also KOL
insights.
We have used various secondary sources such as directories, articles, white papers,
newsletters, annual reports and paid databases such as OneSource, Hoovers and Factiva to
identify and collect information for extensive technical and commercial study of the global
turbine oil market.
The key players in the market and its value chain were identified through secondary
research and their market opinions were also gathered in a similar way through telephonic
interviews and questionnaires. We have also studied the annual reports of these top market
players. Interviews with key opinion leaders such as directors, managers, and marketing
personnel were used extensively in understanding the need and emergence of global
turbine oil market.
The following secondary sources were also used in the production of report and in
triangulation of data points.

THE ARC ADVANTAGE

An analytical model lies at the core of our process, ensuring logical consistency
throughout our research. We complement the model with secondary data and
interviews with industry experts to reflect the latest trends. With our final expert
validation, we provide you with only the most accurate and actionable intelligence.

THE ARC PROCESS

Analytical
Method
1. Granular
breakdown of
drivers into
factors
2. Validate all
factors in terms
of their present
impact on the
market
3. Assign weights
to these factors in
terms of their
relevance and
impact on the
market
4. Build the
Analytical Model
ANALYTICAL MODEL

Base Method

1. Get a topdown estimate of

the market
2. Follow it up
with a bottom-up
estimate of the
market
3. Check
forconsistency
and new growth
factors that are
relevant over the
next 10 Years

4. Build the Base

model
BASE MODEL

Consolidation
Method
1. Granular
breakdown of
drivers into
factors
2. Validate all
factors in terms
of their present
impact on the
market.
3. Assign weights
to these factors in
terms of their
relevance and
impact on the
market.
4. Build the
Consolidated
Model

Delphi
Verification
1. Verify the
findings of the
model with
experts from
across the value
chain
2. Verify the
findings with
players across
small and large
enterprises
3. Tweak the
model and add
new factors
4. Finalize the
ARC Model

CONSOLIDATED MODEL

ARC MODEL

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