my country’s industrial lubricant production continues to grow and market competition is fierce

Industrial lubricating oil is one of the subcategories of lubricating oil. It refers to a liquid or semi-solid lubricant used in the industrial field to reduce friction and protect machinery or workpieces. It mainly functions as buffering, rust prevention, cleaning, Lubrication, auxiliary cooling, sealing and other functions. With the gradual advancement of production technology, the types of industrial lubricants are gradually increasing, which can be roughly divided into machine tool lubricants, transformer oils, gear oils, turbine oils, refrigeration oils, thermal oils, hydraulic oils, compressor oils, metalworking fluids, etc.

At this stage, my country’s industrial lubricant industry chain has basically taken shape. The upstream of the industrial chain is mainly the raw material industry, providing lubricant additives, lubricant base oil and other raw materials; the midstream is mainly the industrial lubricant production industry, responsible for the production and manufacturing of different types of industrial lubricants; the downstream is mainly oriented to application fields, with multiple applications In industrial fields such as cement, shipbuilding, electric power, steel, hydraulic power, and machinery.

According to the “In-depth Investigation and Analysis Report on Market Supply and Demand Status and Industry Operating Indicators of the Industrial Lubricating Oil Industry from 2023 to 2027” released by the Industrial Research Center It shows that in recent years, my country’s industrial manufacturing level has continued to improve, the complexity and precision of industrial equipment have continued to increase, and the requirements for industrial lubricants have also gradually increased. With the continuous advancement of production technology, industrial lubricants not only have basic functions such as rust prevention, buffering, and cooling, but also have functions such as antioxidant, anti-wear, high temperature resistance, and high pressure resistance. Against the background of the rapid development of my country’s industry, the types of machinery are becoming increasingly diverse, and the demand for industrial lubricants is growing. In order to meet market demand, my country’s industrial lubricant production has shown a trend of increasing year by year. From 2015 to 2022, my country’s industrial lubricant output increased from 2.101 million tons to 2.613 million tons, with an average annual compound growth rate of 3.16%.

At present, the field of hydraulic oil has become the segment with the largest demand among industrial lubricants in my country, accounting for the largest demand, accounting for 47.14%; followed by the field of transformer oil, accounting for 16.52%; ranking third is gears In the field of oil consumption, the demand accounted for 10.27%.

At this stage, the distribution of industrial lubricant production in my country is extremely uneven. In order to reduce transportation costs, industrial lubricant companies often build factories in areas with high demand. However, due to the extremely uneven level of industrial development in my country, East China, as the region with the fastest industrial development and the largest industrial scale in my country, has a huge demand for industrial lubricants. Larger, at present, East China has become the largest industrial lubricant production region in my country, with a production share of 33.14%; followed by North China, with a production share of 12.73%.

Industry analysts said that there are many companies in my country’s industrial lubricant market and the market competition is fierce. The main foreign industrial lubricant companies include ExxonMobil, Volkswagen, Shell, Castrol, Eni, Total, etc. The main domestic industrial lubricant companies include Sinopec, Longpan Technology, Kunlun Lubrication, Uni-President Petrochemical, and CommScope Dun, Haihua Technology, Shuguang Petrochemical, etc. Foreign industrial lubricant companies entered the Chinese market earlier, with relatively complete brand building and high product quality, occupying most of the high-end market in my country. At present, some large-scale industrial lubricant companies have emerged in China. These companies have relatively mature production technologies and constantly improving product quality. They are mainly concentrated in the mid-to-low-end market. As my country’s industrial lubricant companies continue to improve their production technology, their product categories are gradually enriched and they are gradually expanding into the high-end market.