Lubricants, essential components of numerous mechanical systems, play a pivotal role in maintaining the smooth operation and longevity of various machinery. These specialized substances reduce friction and wear between moving parts, ensuring optimal performance and preventing damage. From automotive engines and industrial machinery to household appliances and aerospace equipment, lubricants have become integral to enhancing efficiency, reducing energy consumption, and extending the lifespan of mechanical systems across various industries.
The Lubricants Companies Quadrant is a comprehensive industry analysis that provides valuable insights into the global market for Lubricants. This quadrant offers a detailed evaluation of key market players, technological advancements, product innovations, and emerging trends shaping the industry. MarketsandMarkets 360 Quadrants evaluated over 150 Lubricant companies of which the top 20 lubricants companies were categorized and recognized as the quadrant leaders. The 360 Quadrant effectively maps the companies based on factors such as revenue, geographic presence, growth strategies, investments, channels of demand, and sales strategies that were considered for the market presence of the lubricant’s quadrant. While the top criteria for product footprint evaluation included Base Oil (Mineral, Synthetic, and Bio-Based), Product Type (Engine Oil, Gear Oil, Hydraulic Fluid, Compressor Oil, Transmission Fluid, Grease, and Others), and End-Use Industry.
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ENEOS – The Contender in 360 Quadrant for Lubricants
ENEOS is one of the largest oil companies in Japan and a well-known entity in the lubricants market. It has been recognized as a top lubricants company by 360 Quadrants owing to its market presence and product footprint. ENEOS Group has developed businesses in the energy and nonferrous metals segments, from upstream to downstream and it envisions becoming one of the most prominent and internationally competitive energy and materials company groups in Asia.
The company’s business activities include refining and marketing petroleum products (such as gasoline, kerosene, and lubricating oil), import and sale of gas, manufacture and sale of petrochemical products, and supply of electricity and hydrogen. ENEOS’ product portfolio of lubricants includes Gasoline Engine Oils, Diesel Engine Oils, Flushing Oil, 2 Cycle Engine Oil, Automotive Gear Oils, Transmission Fluids, hydraulic oils, transmission fluids, automotive greases, turbine oils, and others.
The company actively fosters its research and development activities and targets research areas such as fuels & chemicals, high-performance materials, lubricants, low-carbon technologies, analysis technologies, and simulations & digital technology. In lubricants, the company is focused on developing cutting-edge lubricant technologies and is focused on areas such as the development of next-generation engine oils, automotive drivetrain lubricants with fuel-saving performance, eco-friendly energy-saving grease, refrigeration oils for use with eco-friendly refrigerants, energy-saving hydraulic fluids, and RELIAPRESS (Eco-friendly forming oils).
ENEOS is working towards developing businesses for carbon-neutral fuels such as synthetic fuels to lead the energy transition and continue to support the energy supply in Japan in a carbon-neutral society. In March 2023, ENEOS announced the signing of a Memorandum of Understanding (MoU) with Ampol Limited to explore the production of advanced biofuels at the Lytton refinery in Brisbane, Australia. Together the companies explore the feasibility of delivering an advanced biofuel manufacturing facility with the capacity to generate up to 500 million liters of sustainable aviation fuel (SAF) and renewable diesel annually.
Recently, in August 2023, ENEOS signed a Mo with Aramco, and Idemitsu Kosan to collaborate on synthetic fuel. Through such initiatives, ENEOS aims to achieve both a stable supply of energy and materials and the realization of a carbon-neutral society.
360 Quadrants Scoring Methodology
360 Quadrants employs a comprehensive and transparent scoring methodology to evaluate companies. It identifies relevant evaluation criteria, collects, and validates data from multiple sources, and employs an algorithm that considers parameter weights to generate scores. Normalization ensures fair comparisons, and the aggregated scores categorize solutions into quadrants such as Market Leaders, Contenders, Innovators, and Emerging Companies. This unbiased approach equips users with accurate information, empowering them to make well-informed decisions and select solutions that best suit their needs and objectives.
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See Also: Top Paint and Coatings Companies, Worldwide 2023
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