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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 2015

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

IBISWorld’s Lubricant Oil Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 10-15
-1.5%
Annual Growth 15-20
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Profit
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Employment
1,198
Businesses
41
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 0.6% per year on average during the 10 years to 2020. In contrast, Canadian GDP is expected to grow 2.2% 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 39.0% of domestic demand in 2010, and that share is expected to increase to 54.7% by 2020... 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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