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Petroleum Lubricating Oil and Grease Manufacturing Industry

Petroleum Lubricating Oil and Grease Manufacturing Industry. Lube Oil Blending Plant. Industrial Lubricants, Oils and Greases Production.

 

Lubricating oil, sometimes simply called lubricant/lube, is a class of oils used to reduce the friction, heat, and wear between mechanical components that are in contact with each other. Lubricating oil is used in motorized vehicles, where it is known specifically as motor oil and transmission fluid.

Lubricating oils of different viscosities can be blended together, and it is this ability to blend them that makes some oils so useful. For example, common motor oil is generally a blend of low viscosity oil to allow for easy starting at cool temperatures and a high viscosity oil for better performance at normal running temperatures.

Lubrication is simply the use of a material to improve the smoothness if movement of one surface over another; the material which is used in this way is called a lubricant. Lubricants are usually liquids or semi-liquids, but may be solids or gases or any combination of solids, liquids, and gases.

In addition to reducing or controlling friction, lubricants are usually expected to reduce wear and often to prevent overheating and corrosion.

The importance of oil in the engine is just like blood in the body. Blood flows through all the veins to vital organs to keep them healthy and alive, similar is the function of lubricating oil in the engine. Across the world, lubricant oil is primarily used for cooling automobile engine, marine engine and for industrial purposes. Globally, more than 50% of the total lubricant volume is being used for automobile, around 40% is for industrial purpose and rest is for marine industry.

Use in Vehicles

The use of lubricating oils in vehicles is vital to their operation. When an engine is properly lubricated, it needs to put less work into moving pistons as the pistons glide easily. In the long run, this means that the car is able to operate while using less fuel and run at a lower temperature. Overall, the proper use of lubricating oil in a car improves efficiency and reduces the amount of wear and tear on moving engine parts.

Lubricant Classification

·         Gaseous lubricants

·         Liquid lubricants

·         Semi-solid lubricants

·         Solid lubricants

 

Market Outlook

Lubricant

The Indian Market has been one of the global lubricants industry’s growth engines. In 2016 India accounted for about 6% of the global lubricants demand, making it the third-largest market behind the U.S. and China.

India automotive lubricants market is projected to reach $ 9.6 billion by 2022. Surging demand for automotive lubricants is anticipated on account of increasing sales of vehicles and growing consumer awareness regarding the use and advantages of engine oils and other lubricants. Additionally, rising trend of partnerships between original equipment manufacturers (OEMs) and lubricant manufacturing companies is expected to augment demand for automotive lubricants in India over the next five years.

The global lubricants market was 36.36 million tons in 2014 and is projected to grow to 43.87 million tons by 2022, at an estimated CAGR of 2.4%. High demand from automotive, industrial machinery and construction are expected to drive industry growth over the forecast period. Increasing polyamide resins demand has generated growing need for lubricants used in these compounds including stearic acid derivatives, modified ethylene waxes and montanic waxes. They are also widely used in a plethora of automotive applications to reduce friction and wear while enhancing the function of bearing surfaces.

Increasing demand for lightweight passenger cars and heavy-duty commercial vehicles has fostered global automotive production, which in turn is conducive to the development of lubricants for application in this field. Rapid industrialization in China, India, Brazil, and Mexico has encouraged applications in industrial machinery maintenance.

Grease

Automotive is the largest and fastest-growing end-use industry for grease. The passenger vehicles and commercial vehicles are driving the demand for high performance grease in the automotive industry. In the automotive industry, grease is extensively used in various auto parts such as wheel bearings, universal joints, suspensions, gears, switches, and connectors because of their excellent properties such as mechanical stability, temperature tolerance, water resistance, and anti-oxidants. The need for high performance grease is rising in the increasing manufacturing of machines and equipment for end-use industries.

The global grease market was valued at USD 2.04 billion in 2015, and is projected to reach USD 2.28 billion by 2021 at a CAGR of 2.0% between 2016and 2021. In this report, 2015 is considered as the base year and forecast period is 2016–2021.

 

Lubricating Oils, Greases and Petroleum Products Manufacturing Handbook

About the Book

Lubricating oils are specially formulated oils that reduce friction between moving parts and help maintain mechanical parts. Lubricating oil is a thick fatty oil used to make the parts of a machine move smoothly.

The lubricants market is growing due to the growing automotive industry, increased consumer awareness and government regulations regarding lubricants. Lubricants are used in vehicles to reduce friction, which leads to a longer lifespan and reduced wear and tear on the vehicles. The growth of lubricants usage in the automotive industry is mainly due to an increasing demand for heavy duty vehicles and light passenger vehicles, and an increase in the average lifespan of the vehicles. As saving conventional resources and cutting emissions and energy have become central environmental matters, the lubricants are progressively attracting more consumer awareness.

Greases are made by using oil (typically mineral oil) and mixing it with thickeners (such as lithium-based soaps). They may also contain additional lubricating particles, such as graphite, molybdenum disulfide, or polytetrafluoroethylene (PTFE, aka Teflon). White grease is made from inedible hog fat and has a low content of free fatty acids. Yellow grease is made from darker parts of the hog and may include parts used to make white grease. Brown grease contains beef and mutton fats as well as hog fats. Synthetic grease may consist of synthetic oils containing standard soaps or may be a mixture of synthetic thickeners, or bases, in petroleum oils. Silicones are greases in which both the base and the oil are synthetic.

Asia-Pacific represents the largest and the fastest growing market, with volume sales projected to grow at a CAGR of 5% over the analysis period. Automotive lubricants represents the largest product market, with engine oils generating a major chunk of the revenues. The market for industrial lubricants is supported by the huge demand for industrial engine oils and growing consumption of process oils.

The major content of the book are Food and Technical Grade White Oils and Highly Refined Paraffins, Base Oils from Petroleum, Formulation of Automotive Lubricants, Lubricating Grease, Aviation Lubricants, Formulation and Structure of Lubricating Greases, Marine Lubricants, Industrial Lubricants, Refining of Petroleum, Lubricating Oils, Greases and Solid Lubricants, Refinery Products, Crude Distillation and Photographs of Machinery with Suppliers Contact Details.

This book will be a mile stone for its readers who are new to this sector, will also find useful for professionals, entrepreneurs, those studying and researching in this important area.

 

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NIIR PROJECT CONSULTANCY SERVICES (NPCS) is a reliable name in the industrial world for offering integrated technical consultancy services. NPCS is manned by engineers, planners, specialists, financial experts, economic analysts and design specialists with extensive experience in the related industries.

Our various services are: Detailed Project Report,  Business Plan for Manufacturing Plant, Start-up Ideas, Business Ideas for Entrepreneurs, Start up Business Opportunities, entrepreneurship projects, Successful Business Plan, Industry Trends, Market Research, Manufacturing Process, Machinery, Raw Materials, project report, Cost and Revenue, Pre-feasibility study for Profitable Manufacturing Business, Project Identification, Project Feasibility and Market Study, Identification of Profitable Industrial Project Opportunities, Business Opportunities, Investment Opportunities for Most Profitable Business in India, Manufacturing Business Ideas, Preparation of Project Profile, Pre-Investment and Pre-Feasibility Study, Market Research Study, Preparation of Techno-Economic Feasibility Report, Identification and Section of Plant, Process, Equipment, General Guidance, Startup Help, Technical and Commercial Counseling for setting up new industrial project and Most Profitable Small Scale Business.

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And before diversifying/venturing into any product, wish to study the following aspects of the identified product:


• Good Present/Future Demand
• Export-Import Market Potential
• Raw Material & Manpower Availability
• Project Costs and Payback Period


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The report contains all the data which will help an entrepreneur find answers to questions like:

• Why I should invest in this project?
• What will drive the growth of the product?
• What are the costs involved?
• What will be the market potential?


The report first focuses on enhancing the basic knowledge of the entrepreneur about the main product, by elucidating details like product definition, its uses and applications, industry segmentation as well as an overall overview of the industry sector in India. The report then helps an entrepreneur identify the target customer group of its product. It further helps in making sound investment decision by listing and then elaborating on factors that will contribute to the growth of product consumption in India and also talks about the foreign trade of the product along with the list of top importing and top exporting countries. Report includes graphical representation and forecasts of key data discussed in the above mentioned segment. It further explicates the growth potential of the product.

The report includes other market data like key players in the Industry segment along with their contact information and recent developments. It includes crucial information like raw material requirements, list of machinery and manufacturing process for the plant. Core project financials like plant capacity, costs involved in setting up of project, working capital requirements, projected revenue and profit are further listed in the report.


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• This report helps you to identify a profitable project for investing or diversifying into by throwing light to crucial areas like industry size, demand of the product and reasons for investing in the product.

• This report provides vital information on the product like its definition, characteristics and segmentation.

• This report helps you market and place the product correctly by identifying the target customer group of the product.

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• We use reliable sources of information and databases.  And information from such sources is processed by us and included in the report.

 

Our Market Survey cum Detailed Techno Economic Feasibility Report Contains following information:

 

 

Ø  Introduction

·         Project Introduction

·         Project Objective and Strategy

·         Concise History of the Product

·         Properties

·         BIS (Bureau of Indian Standards) Provision & Specification

·         Uses & Applications

 

Ø  Market Study and Assessment

·         Current Indian Market Scenario

·         Present Market Demand and Supply

·         Estimated Future Market Demand and Forecast

·         Statistics of Import & Export

·         Names & Addresses of Existing Units (Present Players)

·         Market Opportunity

 

Ø  Raw Material

·         List of Raw Materials

·         Properties of Raw Materials

·         Prescribed Quality of Raw Materials

·         List of Suppliers and Manufacturers

 

Ø  Personnel (Manpower) Requirements

·         Requirement of Staff & Labor (Skilled and Unskilled) Managerial, Technical, Office Staff and Marketing Personnel

 

Ø  Plant and Machinery

·         List of Plant & Machinery

·         Miscellaneous Items

·         Appliances & Equipments

·         Laboratory Equipments & Accessories

·         Electrification

·         Electric Load & Water

·         Maintenance Cost

·         Sources of Plant & Machinery (Suppliers and Manufacturers)

 

Ø  Manufacturing Process and Formulations

·         Detailed Process of Manufacture with Formulation

·         Packaging Required

·         Process Flow Sheet Diagram

 

Ø  Infrastructure and Utilities

·         Project Location

·         Requirement of Land Area

·         Rates of the Land

·         Built Up Area

·         Construction Schedule

·         Plant Layout and Requirement of Utilities

 

Project at a Glance

Along with financial details as under:

 

  •     Assumptions for Profitability workings

  •    Plant Economics

  •    Production Schedule

  •    Land & Building

            Factory Land & Building

            Site Development Expenses

  •    Plant & Machinery

             Indigenous Machineries

            Other Machineries (Miscellaneous, Laboratory etc.)

  •    Other Fixed Assets

            Furniture & Fixtures

            Pre-operative and Preliminary Expenses

            Technical Knowhow

            Provision of Contingencies

  •   Working Capital Requirement Per Month

             Raw Material

            Packing Material

            Lab & ETP Chemical Cost

           Consumable Store

  •   Overheads Required Per Month And Per Annum

         Utilities & Overheads (Power, Water and Fuel Expenses etc.)

             Royalty and Other Charges

            Selling and Distribution Expenses

  •    Salary and Wages

  •    Turnover Per Annum

  •   Share Capital

            Equity Capital

            Preference Share Capital

 

  •    Annexure 1:: Cost of Project and Means of Finance

  •    Annexure 2::  Profitability and Net Cash Accruals

                Revenue/Income/Realisation

                Expenses/Cost of Products/Services/Items

                Gross Profit

                Financial Charges     

                Total Cost of Sales

                Net Profit After Taxes

                Net Cash Accruals

  •   Annexure 3 :: Assessment of Working Capital requirements

                Current Assets

                Gross Working. Capital

                Current Liabilities

                Net Working Capital

                Working Note for Calculation of Work-in-process

  •    Annexure 4 :: Sources and Disposition of Funds

  •    Annexure 5 :: Projected Balance Sheets

                ROI (Average of Fixed Assets)

                RONW (Average of Share Capital)

                ROI (Average of Total Assets)

  •    Annexure 6 :: Profitability ratios

                D.S.C.R

                Earnings Per Share (EPS)

               

             Debt Equity Ratio

   •     Annexure 7   :: Break-Even Analysis

                Variable Cost & Expenses

                Semi-Var./Semi-Fixed Exp.

                Profit Volume Ratio (PVR)

                Fixed Expenses / Cost 

                B.E.P

  •   Annexure 8 to 11:: Sensitivity Analysis-Price/Volume

            Resultant N.P.B.T

            Resultant D.S.C.R

   Resultant PV Ratio

   Resultant DER

  Resultant ROI

          Resultant BEP

  •    Annexure 12 :: Shareholding Pattern and Stake Status

        Equity Capital

        Preference Share Capital

  •   Annexure 13 :: Quantitative Details-Output/Sales/Stocks

        Determined Capacity P.A of Products/Services

        Achievable Efficiency/Yield % of Products/Services/Items 

        Net Usable Load/Capacity of Products/Services/Items   

       Expected Sales/ Revenue/ Income of Products/ Services/ Items   

  •    Annexure 14 :: Product wise domestic Sales Realisation

  •    Annexure 15 :: Total Raw Material Cost

  •    Annexure 16 :: Raw Material Cost per unit

  •    Annexure 17 :: Total Lab & ETP Chemical Cost

  •    Annexure 18  :: Consumables, Store etc.,

  •    Annexure 19  :: Packing Material Cost

  •    Annexure 20  :: Packing Material Cost Per Unit

  •    Annexure 21 :: Employees Expenses

  •    Annexure 22 :: Fuel Expenses

  •    Annexure 23 :: Power/Electricity Expenses

  •    Annexure 24 :: Royalty & Other Charges

  •    Annexure 25 :: Repairs & Maintenance Exp.

  •    Annexure 26 :: Other Mfg. Expenses

  •    Annexure 27 :: Administration Expenses

  •    Annexure 28 :: Selling Expenses

  •    Annexure 29 :: Depreciation Charges – as per Books (Total)

  •   Annexure 30   :: Depreciation Charges – as per Books (P & M)

  •   Annexure 31   :: Depreciation Charges - As per IT Act WDV (Total)

  •   Annexure 32   :: Depreciation Charges - As per IT Act WDV (P & M)

  •   Annexure 33   :: Interest and Repayment - Term Loans

  •   Annexure 34   :: Tax on Profits

  •   Annexure 35   ::Projected Pay-Back Period And IRR