Facing the broad market demand, my country's special oil companies are facing better opportunities. my country has abundant oil resources, and special oil technology has also made great progress. It is necessary to adjust the refining and chemical enterprises with rich crude oil resources according to market demand, expand the output of special oil products, improve product quality, and achieve greater economic benefits. . Through advanced refining and chemical processes, specific high-quality crude oil can be processed into special oil products such as environmentally friendly solvent oil, metal processing oil, printing ink, rubber oil, refrigeration oil, etc. Compared with conventional oil products, special oil products can better meet special needs. need.
1. Market Size From 2017 to 2021, the market size of the special oil industry will show an increasing trend. In 2021, the market size of my country's special oil industry will be 429.42 billion yuan, a year-on-year increase of 3.20%.
The market size of the specialty oil industry continues to expand, and the market segments of the industry are also increasing. From the perspective of market segments, lubricating oil, metal processing oil, Anti-rust Oil, white oil and other market segments account for a relatively high proportion. The main enterprises of my country's special oil products are concentrated in North China, the Yangtze River Delta, the Pearl River Delta and other regions. While domestic refining capacity has a strong group distribution, there is also a relatively obvious regional distribution. North China, Northeast China, South China and East China are the concentrated distribution areas of my country's oil refining capacity. The investment intensity of technology research and development in the specialty oil industry has continued to increase, and the industry has paid more and more attention to research and development. From the perspective of technology input-output ratio, the investment efficiency of technology research and development in the special oil industry is low, and the added value of products has a large room for improvement. Special oil products are limited to lubricating oil, anti-rust oil, metal processing oil and other products in China. In recent years, the industry has continuously improved its research and development capabilities. Enterprises and scientific research institutions have done a lot of experiments on the in-depth development of special oil products. The downstream products of special oil products will gradually expand their application scope from two aspects: diversification and high-end quality. In terms of product performance, product performance has gradually improved, from traditional fields to high-end manufacturing fields such as the aerospace industry. With the continuous expansion of the downstream market of special oil products in my country and the production capacity of special oil products, the market size of the special oil products industry will further increase. 2. Supply Scale The metal processing oil is made of high-quality mineral Base Oil, with sulfurized lard and sulfurized fatty acid ester as the main extreme pressure antiwear agent, compounded with different proportions of rust inhibitor, antifungal fungicide, refrigerant and other additives. It is a product used for the purpose of improving the surface finish of the metal, improving the processing performance, prolonging the tool life, and improving the anti-rust performance of the processed material during the processing of the metal. In recent years, the output of my country's metal processing oil industry has shown a rapid growth overall. In 2020, due to the impact of the new crown epidemic, the output of the metal processing oil industry has declined. In 2021, the output of my country's metal processing oil industry has reached 957,000 tons.
In recent years, domestic private Lubricant Additive companies, starting from the production of mid-to-low-end compound products, continue to increase investment in research and development while maintaining their own cost-effectiveness advantages, improve product technology levels, and actively serve downstream manufacturers. As a result, the domestic market share of compounding agents has been continuously expanded, and breakthroughs have been made in the high-end compounding agent market. With the establishment of the China Standard Development and Innovation Alliance for Engine Lubricants in September 2016, the industry will gradually introduce a lubricant oil standard system and lubricant product technical standards that meet the technical characteristics of Chinese engines. This move will break the first-mover advantage of foreign lubricant additive products to a certain extent and enhance the competitiveness of domestic lubricant additive companies. Especially since the Sino-US trade dispute broke out, the country has fully realized the importance of import substitution, and the lubricating Oil Additive industry is currently an industry dominated by foreign capital, and there will be a large market space for import substitution in the future. From 2018 to 2021, the supply of lubricant additives in China will show a steady growth trend. In 2021, my country's additive output will reach 7.279 million tons.
Since 2017, the total output of anti-rust oil in my country has shown an increasing trend. In 2021, the total output of anti-rust oil in domestic refineries will be 397,000 tons. The main reason for the increase in output is that new production capacity has been put into operation.
In the future, considering the development of China's "14th Five-Year Plan" petrochemical industry, China will promote the healthy development of the specialty oil industry from two aspects. First, continue to promote the integration of production capacity and eliminate outdated production capacity; second, realize the upgrading of the industrial value chain through cleaner production, green development and technological innovation. Under the driving force of this industry plan, the market share of leading enterprises in the industry and the proportion of high value-added products are expected to continue to increase in the future. 3. Demand Scale With the development of the metal processing industry, the processing equipment has become more and more advanced, and the market demand for metal processing oil in the metal processing industry has increased. In 2021, the apparent consumption of metal processing oil in my country will be 1.052 million tons.
In 2018, the environmental protection storm was serious, and lubricating oil production enterprises were relatively affected and impacted. Many downstream end users of lubricating oil were also affected by the environmental protection storm and stopped work and production, which affected the overall demand for lubricating oil. In 2019-2021, the demand will be released, and the demand for lubricating oil will be stimulated to a certain extent after the integration of resources in the terminal oil industry. In 2021, my country's apparent consumption of lubricating oil will be 7.49 million tons, a year-on-year increase of 9%.
my country's anti-rust oil products have formed a scale, with the continuous improvement of market requirements, the demand for multi-functional anti-rust oil is also increasing, not only for anti-rust, but also for lubrication, cleaning and other functions. By 2021, the apparent consumption of anti-rust oil in my country has reached 552,000 tons.
With the development of global greening and low-carbon economy and the strong support of national policies for the development of green special oil products, the structure of special oil products has been adjusted accordingly in line with market demand, diversified, high value-added, green and low-carbon. It has become the development trend of my country's special oil industry. Petroleum-based special oils using environmentally friendly aromatic oils as refining raw materials are key products in the field of special oils. According to the "14th Five-Year Plan" special oil industry planning goals, combined with the current supply side, the start of construction is stable, and China's special oil market Structural adjustments will be induced, and relevant heavy aromatics and naphthenic special oils will gradually be replaced by environmentally friendly aromatic special oils.
my country's special oil market is developing rapidly, and now with the improvement of the level of mechanization, the development of the lubricating oil industry is also emerging. The higher the degree of mechanization, the higher the utilization rate of lubricating oil, the prospects are bright, and the development of the lubricating oil industry market will tend to grow steadily. Faced with the huge demand market, lubricant manufacturing enterprises have deployed one after another. With the increasingly fierce market competition, the market structure is undergoing major changes. Foreign companies have entered the market one after another, trying to compete for the domestic market with their own brand influence. Foreign brands are constantly infiltrating the Chinese market, and many lubricating oil factories that were originally on the fringes of large manufacturing companies have joined forces with overseas giants. Not to be outdone, large private enterprises have increased investment in research and development, and competed with foreign countries by virtue of their advantages in cost and price. Local brands have broken the dominance of international lubricant giants and domestic monopolies. After a short period of structural adjustment, my country's special oil industry has eliminated outdated production capacity and screened out unqualified enterprises. With the change of residents' consumption concept and the improvement of consumer demand, my country's special oil industry will continue to maintain a growth trend. In the future, it will develop in the direction of high quality and high quality, showing new trends such as increasing varieties and diversification of consumption.
