Market outlook of the HDMO market
Technavio’s market research analyst predicts the global heavy duty motor oil (HDMO) market to grow at a CAGR of 2% during the forecast period. The growing awareness of energy efficiency has been one of the key drivers behind the growth of this market. The increasing vehicle population and growth in construction and manufacturing industries is also expected to boost the market growth of HDMOs.
However, the increased adoption of hybrid electric vehicles (HEV) is expected to pose a challenge to the growth of the HDMO market. The growing environmental regulations and pollution control measures are leading to the increasing prominence of HEVs that are energy efficient, environmental friendly and provide increased acceleration and less maintenance. This research report anticipates that in 2015, the number of hybrid trucks and buses is going to increase more than ten times from the 10000 vehicles that were sold during 2010.
Segmentation by application and analysis of the HDMO market
- Buses and vans
- Trucks
- Tractors
- Cars and light-duty vehicles
- Power generation
Trucks were the largest application segment of HDMOs on account of their inherent heavy-duty engines. The report also predicts the power generator segment to witness the fastest growth at a rate of 6% during the forecast period. The increased awareness and industrial sensitivity to production outages are the key growth drivers for the power generator segment.
Segmentation by engine oil standards and specifications and further analysis on:
Segmentation by viscosity grade and analysis of the HDMO market
Multi-grade engine oils are the most popular segment in the HDMO market. They are composed of special additives that help in keeping the viscosity of the oil consistent according to the temperature change. Multi-grade oils are widely preferred in applications with huge temperature fluctuations.
Geographical segmentation and analysis of the global HDMO market
- APAC
- EMEA
- North America
- ROW
APAC was the largest consumer for HDMO’s with a market share of around 44% during 2014. The development of advanced engine technologies has been the key driver in this region. The demand for lower exhaust emissions and more fuel efficiency vehicles have also contributed to the growth of HDMO in this region.
Competitive landscape and key vendors
The HDMO market is dominated by the key vendors globally. However, the market is expected to witness an increase in the number of local providers who manufacture motor oil through various cheaper production processes.
The top vendors in the market are –
- BASF
- Chevron Oronite
- Dow
- Lonza
- Lubrizol
Other prominent vendors in the market include Chemtura, Evonik, King Industries, Croda, Huntsman, Multisol, and Total.
Key questions answered in the report include
- What will the market size and the growth rate be in 2019?
- What are the key factors driving the global HDMO market?
- What are the key market trends impacting the growth of the HDMO market?
- What are the challenges to market growth?
- Who are the key vendors in the heavy duty motor oil market?
- What are the market opportunities and threats faced by the vendors in the global HDMO market?
- Trending factors influencing the market shares of the APAC, EMEA, North America and ROW?
- What are the key outcomes of the five forces analysis of the HDMO market?
Technavio also offers customization on reports based on specific client requirement.
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by application
- Global HDMO market by engine type
PART 07: Market segmentation by engine oil standards and specifications
- Global HDMO market by engine oil standards and specifications
PART 08: Market segmentation by viscosity grade
- Global HDMO market by viscosity grade
PART 09: Segmentation by geography
- Global HDMO market by geography
- HDMO market in North America
- HDMO market in EMEA
- HDMO market in APAC
- HDMO market in ROW
PART 10: HDMO additives by function class and chemical class
- Global HDMO additives by function class and chemical class
PART 11: Market drivers
PART 12: Impact of drivers
PART 13: Market Challenges
PART 14: Impact of drivers and challenges
PART 15: Market trends
PART 16: Vendor landscape
- Competitive scenario
- Key news
- Major vendors
- Other prominent vendors
PART 17: Key vendor analysis
- BASF
- Chevron Oronite
- Dow Chemical
- Lonza Group
- Lubrizol
PART 18: Appendix
PART 19: Explore Technavio