Philippines Lubricants Market Outlook to 2021
By Type (Mineral, Semi-Synthetic and Synthetic), by Application (Automotive - Passenger, Commercial, Marine and Aviation and Industrial - Mining, Construction, Manufacturing, Iron and Steel, Agriculture, Electricity and Medical)
Region:Asia
Product Code:KR551
November 2017
85
About the Report
Ken Research announced its latest publication on "Philippines Lubricants Market by Type (Mineral, Semi-Synthetic and Synthetic), By Application (Automotive – Passenger, Commercial, Marine and Aviation and Industrial – Mining, Construction, Manufacturing, Iron and Steel, Agriculture, Electricity and Medical) - Outlook to 2021" suggested a rapid growth in the Philippines lubricants market, majorly driven by boosting crude oil imports, thus assisting market players to offer more lubricants in the country. The stakeholders of this report include lubricant manufacturers, dealers, companies involved in research, automotive workshop owners in the Philippines and the new entrants and venture capitalists who wish to invest in the lubricant market in the future.
There has been tremendous growth in the consumption of both automotive and industrial lubricants from 2011 to 2016. Consumption of lubricants in the Philippines has been reported at ~million liters in 2011, which witnessed healthy growth over the subsequent five years, recording consumption of ~ million liters in 2016, at a CAGR of ~% during the same period. Increasing sales of vehicles in the country has been the strongest factor affecting the lubricant market revenues in a positive manner. The overall revenues generated by the market players in the Philippines lubricants market augmented to USD ~ million during 2016 from USD ~ million during 2011, at a CAGR of ~% between 2011 and 2016. The increased sales were also supported by the continuous improvement in the refining process of the existing players and the up-gradation of refineries by the lubricant giants operating in the country.
Mineral lubricants have dominated the overall lubricant consumption in the Philippines between 2011 and 2016. Since these lubricants need to be changed more often; the market has witnessed a decline in demand from ~% share in consumption in 2011 to ~% share in 2016. The share of semi-synthetic lubricants in total consumption has inclined from ~% in 2011 to ~% in 2016, owing to increased use of such products by both the customers of synthetic and mineral lubricants. The share of synthetic-based oils in total consumption has inclined from ~% in 2011 to ~% in 2016, majorly due to their ability to offer superior lubrication in modern car engines as compared to mineral and semi-synthetic lubricants.
There has been significant growth in the consumption of automotive lubricants in the Philippines over the period 2011-2016. There volume of lubricants consumed by vehicle owners in the country inclined from ~ million litres in 2011 to ~ a million litres in 2016. It has been witnessed that automobile owners started shifting to the use of synthetic oils from other conventional lubricants during the same period. The industrial sector in the Philippines has been growing over the recent past. This has led to the installation of more machinery and pieces of equipment required by the market players operating in construction, manufacturing, agriculture, mining, iron and steel, electricity and the healthcare sector. The overall consumption of industrial lubricants inclined to ~ million litres in 2016 from ~ million litres in 2011.
Shell was the leading player in terms of sales volume from the Philippines in 2016. Shell dominated the overall market with ~ million liters sales during 2016, due to the wide product range offered by the company for various automotive engines in the country. With the presence of more than ~ service stations and the increasing demand for Petron Blaze 100, which matches the European quality standards, Petron has proved to be the second-largest player in the lubricants market in the Philippines in 2016, contributing ~ million liters to the overall sales volume. Chevron grabbed a significant position in terms of sales volume as it is the first American oil marketer in the country which focuses on selling imported lubricants. The player sold ~ million liters of lubricants during 2016. Exxon Mobil was also amongst the major market players and contributed ~ million liters to the market volume during the same year.
The overall consumption of lube oils in the Philippines lubricant market is projected to increase to ~ million liters during 2021 from ~ million liters during 2016, at a CAGR of ~% during the same period. The revenues generated by the lubricant market players are projected to boost from USD ~ million in 2016 to USD ~ million in 2021, recording a robust CAGR of ~% during the period 2016-2021. The economy of the Philippines is expected to witness more than ~ new manufacturing units, wherein the consumption of lube oils for machines is projected to increase during 2016-2021. The initiative of the government and tourism department with a long term view to connect all islands of the Philippines through sea route is expected to enhance marine transportation, thereby leading to more lubricants being consumed by ships and boats.
- Philippines Lubricant Market Size by Consumption Volume and Revenue
- Market Segmentation - By Type of Lubricants (Mineral-Based, Semi-synthetic and Synthetic); By Application (Automotive and Industrial)
- Philippines Automotive Lubricant Market Size by Consumption Volume
- Automotive Lubricant Market Segmentation – By End Users (Commercial Vehicles, Passenger Vehicles, Marine and Aviation); By Distribution Channels (OEM Workshops/Service Stations/Local Workshops, Dealer Network, Supermarkets, And Online)
- Philippines Industrial Lubricant Market Size by Consumption Volume
- Industrial Lubricant Market Segmentation – By Type (Hydraulic Oil, Gear Oil, Grease, Metal Working Fluids, And Others); By End Users (Mining, Construction, Manufacturing, Iron And Steel, Agriculture, Electricity And Medical); By Distribution Channels (Distributors, Workshops And Others)
- Value Chain Analysis for the Philippines Lubricants Market
- SWOT Analysis for the Philippines Lubricants Market
- Trends, Developments, Growth Drivers and Restraints in the Philippines Lubricants Market
- Market Share of Major Players in the Philippines Lubricants Market
- Company Profiles of Major Lubricant Market Players
- Future Outlook for the Philippines Lubricant Market
- Analyst Recommendation
- Macro-Economic Factors Impacting the Philippines Lubricant Market
Products
Philippines Lubricating Oil, Mineral Oil, Semi-Synthetic Oil, Sythetic Oil, Hydraulic Oil, Gear Oil, Grease, Metal Working Fluids And Others, Lubricants used in Mining, Construction, Manufacturing, Iron And Steel, Agriculture, Electricity and Medical Sector
Companies
Shell, Chevron, Petron, Exxon Mobil, Phoenix, Castrol, Sinopec Lubricants, Raimol, LE (Lubrication Engineers), PTT Philippines, Valvoline, Gulf Oil Philippines, Seaoil Petroleum Corporation
Table of Contents
1. Executive Summary
Philippines Lubricants Market Overview and Growth
Market Segmentation for the Philippines Lubricants Market
Automotive and Industrial Lubricant Market Size
Market Segmentation for the Philippines Automotive Lubricants Market
Market Segmentation for the Philippines Industrial Lubricants Market
Market Share of Major Players in the Philippines Lubricants Market
Philippines Lubricants Market Future Outlook and Projections
2. Research Methodology
2.1. Market Definitions
2.2. Abbreviations
2.3. Market Size and Modeling
Consolidated Research Approach
Market Sizing – Philippines Lubricant Market
Variables (Dependent and Independent)
Multi Factor Based Sensitivity Model
Regression Matrix
Limitations
Final Conclusion
3. Philippines Lubricants Market Introduction
4. Value Chain Analysis for the Philippines Lubricants Market
Challenges in the Value Chain
5. Philippines Lubricant Market Size, 2011-2016
5.1. By Consumption Volume and Revenues, 2011-2016
6. Philippines Lubricant Market Segmentation
6.1. By Type (Mineral Semi-Synthetic and Synthetic), 2011 and 2016
6.2. By Application (Automotive and Industrial), 2011 and 2016
Best Selling Products, 2016
7. Philippines Automotive Lubricant Market Size and Introduction, 2011-2016
7.1. Philippines Automotive Lubricants Market Segmentation, 2016
7.1.1. By End Users (Commercial Vehicles, Passenger Vehicles, Marine and Aviation), 2016
7.1.2. By Distribution Channel (OEM Workshops/Service stations/Local Workshops, Dealer Network, Supermarkets and Online), 2016
Pricing Analysis and Margins Involved in the Philippines Automotive Lubricants Market, 2016
8. Philippines Industrial Lubricants Market Size and Introduction, 2011-2016
8.1. Philippines Industrial Lubricants Market Segmentation, 2016
8.1.1. By Type (Hydraulic Oil, Gear Oil, Grease, Metal Working Fluids and Others), 2016
8.1.2. By End Users (Mining, Construction, Manufacturing, Iron and Steel, Agriculture, Electricity and Medical), 2016
8.1.3. By Distribution Channel (Distributors, Workshops and Others), 2016
Pricing Analysis and Margins Involved in the Philippines Industrial Lubricants Market, 2016
9. Trends, Developments and Restraints in Philippines Lubricant Market
10. Government Regulations in Philippines Lubricants Market
Documents Required for Registration with the Oil Industry Management Bureau Department of Energy
Registration Process with the Oil Industry Management Bureau Department of Energy, Philippines
Taxation Rates for Lubricants in Philippines, 2016
11. SWOT Analysis for Philippines Lubricants Market
12. Competitive Scenario in the Philippines Lubricants Market, 2016
12.1. Market Share of Major Players in Philippines Lubricants Market, 2016
Strengths and Weaknesses of Major Players in Philippines Lubricants Market
13. Decision Making Criteria for End Users in Philippines Lubricants Market, 2016
13.1. By Automotive Users
13.2. By Industrial Users
14. Snapshot on Emerging Lubricants in Philippines Lubricants Market
15. Company Profiles of Major Players in Philippines Lubricants Market
15.1. Shell
15.2. Chevron
15.3. Petron
15.4. ExxonMobil Exploration and Production, Philippines
15.5. Phoenix Lubricants
15.6. Castrol, Philippines
15.7. Other Major Players in Philippines Lubricant Market
16. Philippines Lubricants Market Future Outlook and Projections, 2016-2021
16.1. By Application (Automotive and Industrial), 2016-2021
Future Trends and Opportunities
17. Analyst Recommendations
18. Macro-Economic Factors Impacting Philippines Lubricants Market, 2011 – 2021
18.1. Sales of Vehicles in Philippines, 2011-2021
18.2. Crude Oil Imports in Philippines, 2011-2016
18.3. Manufacturing Establishments in Philippines, 2011-2021
18.4. New Merchant Fleet Registrations in Philippines, 2011-2021
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