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Lubricant Oil Manufacturing in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Lubricant Oil Manufacturing in Canada Market Research Report | NAICS 32419CA | Feb 2016

Slippery slope: Increasing import penetration will continue to hurt the industry

IBISWorld’s Lubricant Oil Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 11-16
-5.3%
Annual Growth 16-21
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Profit
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Employment
1,528
Businesses
59
Industry Analysis & Industry Trends

The Lubricant Oil Manufacturing industry produces industrial and automotive lubricants for manufacturers and consumers, including motor oil, transmission fluid, rust inhibitors and machine oils. The industry experienced its share of wear and tear in recent years, as the persistent effects of the global economic downturn compelled consumers to drive less and hold off on car expenses, and manufacturers to leave factories idle or close down production altogether. Despite recent improvements, industry revenue is expected to continue to decline in the coming years. Increases in domestic demand will likely be largely satisfied by imports, which will continue to capture a greater share of the domestic market... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Lubricant Oil Manufacturing industry is in the declining stage of its life cycle, with well-established product lines and a saturated marketplace. Industry value added, which measures the industry's contribution to the overall economy, is expected to fall 2.4% per year on average during the 10 years to 2021. In contrast, Canadian GDP is expected to grow 1.9% per year during the same period, indicating that the industry is representing an increasingly smaller portion of the overall Canadian economy.

The steadily increasing threat that imported products pose to the industry further indicates the industry's state of decline. Imported lubricant oil products satisfied 43.9% of domestic demand in 2011, and that share is expected to increase to 52.8% by 2021... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Lubricant Oil Manufacturing Industry?

This industry manufactures petroleum products (except for asphalt paving, roofing and saturated materials), such as blended motor oils, brake fluids, lubricating greases and other oil-based additives. Key buyers include downstream automobile manufacturers, wholesalers and automotive retail chains.

Industry Products
Automotive lubricants Industrial lubricants
 
Industry Activities
Manufacturing lubricating oils and greases made from refined petroleumManufacturing brake fluids made from refined petroleumManufacturing petroleum jelly made from refined petroleumManufacturing petroleum waxes made from refined petroleumRe-refining used petroleum lubricating oils


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