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Shell is leading supplier of finished lubricants for 15th year

Shell is leading supplier of finished lubricants for 15th year
Photo courtesy of Shell

Shell has retained its status as the leading global supplier of finished lubricants for a 15th consecutive year, according to the 19th edition of Kline & Company’s report Global Lubricants: Market Analysis and Assessment 2021.

Using 2020 as the base year, the report covers all leading lubricant consuming country markets, market segments, product types and formulations. Shell retains the number one ranking for all three lubricants categories tracked by Kline – consumer automotive, commercial automotive and industrial.

“This report confirms Shell as the leading global lubricant supplier across cars, trucks and industrial equipment for the fifteenth straight year, underscoring the business’s long-standing commitment to customers and reflecting the strength of our superior product portfolio. We have maintained our market-leading position and extended our competitive advantage thanks to our scale, brand equity, technological leadership and customer relationships, all under the exceptional leadership of Carlos Maurer, our outgoing EVP,” said Machteld de Haan, who will take over as executive vice president for Shell Lubricants in January 2022.

As the world’s leading lubricants supplier, Shell Lubricants has a critical role to play in supporting Shell’s target of becoming a net-zero emissions energy business by 2050, and in helping customers reduce their carbon footprint as well.

Earlier this year, Shell launched the largest carbon-neutral programme in the lubricants industry, enabling customers in key markets worldwide to choose carbon-neutral1 lubricants across select brands.

Shell aims to offset the annual emissions of more than 200 million litres of advanced synthetic lubricants, expecting to compensate for around 700,000 tonnes of carbon dioxide equivalent (CO2e) emissions per year. This is equivalent to taking approximately 340,000 cars off the road for one year.

According to this latest report, Shell maintained its leading global market share relative to the year prior with a slight market share increase over the next largest international oil company (IOC) supplier. Shell’s total volume sold was approximately 4,100 kilotonnes of finished lubricants, equivalent to approximately 4.6 billion litres. These global sales were split almost evenly between the three segments, and at the same percentage split as the previous year: 34% consumer automotive, 36% industrial and 30% commercial automotive.