Articles
Philippines Lubricant Distributors, Philippines Lubricant Market - Ken Research
by Ashish Kumar Market ResearcherKen
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 lubricant market in future.
Detailed
comparative analysis of major lubricant market players has also been provided.
Various marketing analysis factors such as trends and developments and SWOT
analysis are also added in the study. The future analysis of the overall
Philippines lubricants market has also been discussed along with
recommendations from analyst view.
Philippines Lubricant Market Size
There
has been a tremendous growth in the consumption of both automotive and
industrial lubricants during 2011 to 2016. Consumption of lubricants in the
Philippines has been reported at ~million liters in 2011, which witnessed a
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
lubricants 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 lubricants giants operating in the country.
Philippines Lubricant Market
Segmentation
Mineral
lubricants have dominated the overall lubricant consumption in the Philippines
during 2011 and 2016. Since, these lubricants need to be changed more often;
the market has witnessed a decline in demand from ~% share in the consumption
in 2011 to ~% share in 2016. The share of semi-synthetic lubricants in the
total consumption has inclined from ~% in 2011 to ~% in 2016, owing to an
increased use of such products by both the customers of synthetic and mineral
lubricants. The share of synthetic based oils in the 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.
Automotive
lubricants have gathered the largest share in the market in terms of
consumption. The share of automotive lubricants in the total consumption has
inclined from ~% in 2011 to ~% in 2016. The boosting sales of automobiles in
the country have significantly led to the increased consumption of automotive
lubricants during 2011-2016. The share of industrial lubricants has declined as
compared to the automotive segment from 2011 to 2016. The share of industrial
lubricants in the total consumption has declined from ~% in 2011 to ~% in 2016.
Automotive and Industrial Lubricant
Market Size
There
has been a significant growth in the consumption of automotive lubricants in
the Philippines over the period 2011-2016. There volume of lubricants consumed
by the vehicle owners in the country inclined from ~ million liters in 2011 to
~ million liters during 2016. It has been witnessed that automobile owners
started shifting to the use 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 equipments required by the market players operating in
construction, manufacturing, agriculture, mining, iron and steel, electricity
and healthcare sector. The overall consumption of industrial lubricants
inclined to ~ million liters during 2016 from ~ million liters during 2011.
Market Share of Major Players in the
Philippines Lubricants Market
Shell
was the leading player in terms of sales volume from in the Philippines in
2016. Shell dominated the overall market with ~ million liters sale 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.
Philippines Lubricant Market Future
Outlook and Projections
The
overall consumption of lube oils in the Philippines lubricants 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 lubricants 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 the marine transportation,
thereby leading to more lubricants being consumed by the ships and boats.
Automotive
lubricants are anticipated to dominate the overall consumption of lube oils in
the Philippines with ~% in 2021. The continuous rise in the sales of vehicles
due to rising per capita income of the country is expected to amplify the
consumption of semi-synthetic and synthetic lubricants, which are most
preferred for engines installed in new and upcoming cars. The consumption of
industrial lubricants is also estimated to surge to ~ million liters due to the
establishments of new manufacturing units and the installation of machinery in
the plants.
Key Topics Covered in the Report:
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
Trends
Lubricant Philippines
Engine
Oil Market Philippines
Lubricant
Import in Philippines
Industry
Growth Lubricant Philippines
PTT
Lubricant Market Share Philippines
Philippines
Industrial Lubricant Market Size by Consumption Volume
Brake
Fluid Market Philippines
Hydraulic
Oil Market Philippines
Gear
Oil Industry Size Philippines
Value
Chain Analysis for the Philippines Lubricants Market
SWOT
Analysis for the Philippines Lubricants Market
Automotive
Gear Oil Market Philippines
Metal
Working Fluids Market Philippines
Market
Share Lubricant Players Philippines
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
Macro-Economic
Factors Impacting the Philippines Lubricant Market
Competition
Lubricant Philippines
Opportunities
in Lubricant Industry
Growth
Drivers Lubricant Philippines
For more information on the research
report, refer to below link:
Related
Reports by Ken Research
Contact:
Ken
Research
Ankur
Gupta, Head Marketing & Communications
+91-124-4230204
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About Ashish Kumar 
Market Researcher
216 connections, 0 recommendations, 526 honor points.Joined APSense since, April 19th, 2016, From gurgaon, India.
Created on Nov 7th 2017 03:21. Viewed 605 times.
