$2.1bn
$XXX.Xm
1,771
148
$XXX.Xm
Lubricants and other petroleum product manufacturers further refine heavy and light oil components into various petroleum-based products using oil and grease base stocks with key products such as lubricating oils and greases, bitumen and aromatic hydrocarbons. Some players also distil coal to produce coke and coal tar. Industry products are used to construct roads; run vehicles, machinery and equipment; and in general manufacturing. Therefore, various external factors influence the industry's performance, including developments in the upstream petroleum refining and coal mining sectors and in key downstream user industries such as mining, construction and various manufacturing industries. The industry has been adversely affected by the downsizing of Australia's refining sector over the past five years, with the number of refineries halving in 2021-22 to two. Ongoing structural changes in Australia's industrial base have also had adverse implications for industry participants. Mixed operating conditions in the Iron Smelting and Steel Manufacturing industry have also flowed through to the industry, as the production of coke is integral to iron and steel production.
Industry revenue has grown at a CAGR of 1.1 % over the past five years, to reach an estimated $2.1bn in 2024.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Castrol Holdings | 490.4 | |
Viva Energy Group Limited | 385.4 | |
Ampol | 340.0 |
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Industry revenue is measured across several distinct product and services lines, including Bituminous materials and coke products, Petroleum-based feedstocks and Lubricants. Bituminous materials and coke products is the largest segment of the Lubricants and Other Petroleum Product Manufacturing in Australia.
Bituminous materials and coke products have benefited from rising construction activity
The industry produces a range of petroleum and lubricant products manufactured using base stocks consisting of oil, grease and organic compounds. These products include automotive oils, other transport oils, industrial oils, greases and other lubricants. Industry firms also manufacture bituminous materials and coal products, such as petroleum coke and coal coke.
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ANZSIC 1709 - Lubricants and Other Petroleum Product Manufacturing in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The growth of infrastructure and resource developments has beneficially driven revenue growth in Australia's petroleum industry. This is due to the high demand for bitumen in...
Learn about an industry's products and services, markets and trends in international trade.
The key point is the increasing revenue in the bituminous materials and coke products segment, driven by growing construction activities and steel production. Major governmen...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Most lubricant and other petroleum product manufacturers are located along the eastern seaboard. New South Wales, Victoria and Queensland are the most populous states and are...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Lubricant and other petroleum product manufacturing is characterised by a moderate market share concentration. With various manufacturers, production techniques, and target m...
Learn about the performance of the top companies in the industry.
Viva Energy and Ampol operate the last two surviving refineries in Australia, in Geelong and Lytton respectively. Both these companies have come to agreements with the Federa...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Manufacturers of lubricants and other petroleum products must comply with federal and state regulations - governing worker health, safety, and environmental impact. They are ...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit margins have been volatile over the past five years. Despite a sharp rise in crude oil prices, manufacturers have been able to pass cost rises onto customers.
Including values and annual change:
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Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Lubricants and Other Petroleum Product Manufacturing industry in Australia is $2.1bn in 2024.
There are 148 businesses in the Lubricants and Other Petroleum Product Manufacturing industry in Australia, which has declined at a CAGR of 0.7 % between 2019 and 2024.
The market size of the Lubricants and Other Petroleum Product Manufacturing industry in Australia has been growing at a CAGR of 1.1 % between 2019 and 2024.
Over the next five years, the Lubricants and Other Petroleum Product Manufacturing industry in Australia is expected to decline.
The biggest companies operating in the Lubricants and Other Petroleum Product Manufacturing market in Australia are Castrol Holdings, Viva Energy Group Limited and Ampol
Bituminous materials and coke products and Petroleum-based feedstocks are part of the Lubricants and Other Petroleum Product Manufacturing industry.
The company holding the most market share in Australia is Castrol Holdings.
The level of competition is moderate and increasing in the Lubricants and Other Petroleum Product Manufacturing industry in Australia.