Industry Analysis & Industry Trends
The Lubricant Oil Manufacturing experienced its share of wear and tear over the past five years with the economic downturn, which led to a drop in consumer income and downstream manufacturing activity. These factors compelled consumers to drive less and hold off on car expenses; meanwhile, manufacturers were forced to leave factories idle or exit their industries. Despite the recent improvements, industry revenue is forecast to continue its decline in the five years to 2019... purchase to read more
Industry Report - Starting a New Business Chapter
Operators in the Lubricant Oil Manufacturing industry face significant barriers to entry. A large volume of machinery and equipment is required for the refining and production of oil and other additives into lubricant products. In addition, substantial financial commitments are needed to meet changing environmental regulations, as well as to provide working capital and maintain brand names.
Pennzoil, Quaker-State and other well-known brand names and the customer loyalty attached to them also pose a significant barrier for entrants. Manufacturers seeking to enter the industry must have a product that meets technical specifications, while also creating a brand image that appeals to consumers... purchase to read more