Shell global market leader for 11 consecutive years
Shell Lubricants has been recognized as the global market leader for 11 consecutive years, marking the start of two decades of undisputed industry leadership. This accolade was confirmed in the recently published Kline & Company’s 15th Edition “Global Lubricants Industry: Market Analysis and Assessment: 20162026” report.
Shell held its global market leading position with an 11 percent market share, in terms of volume–selling between 4,4004,500 kilotons of finished lubricants. This is equivalent to more than 5 billion liters of finished product. These sales were split almost evenly between sales to the consumer automotive, industrial and commercial automotive sectors.
Waqar Irshad Siddiqui, CEO of Al-Jomaih and Shell Lubricating Oil Company Limited, said: “Shell Lubricants is on a strong growth path across all markets and specially in Saudi Arabia which we operate in. We are making significant investments into our portfolio of brands, products and services as well to further develop world-class supply chain capabilities. We continue to evolve to meet the opportunities and challenges of a fastpaced business environment while keeping a sharp focus on developing genuine alliances, developing customer-centric solutions and innovating through research and technology.”
He added: “The recognition from Kline & Company signals that we are on the correct path and is a testament to the dedication of our employees who are delivering excellent solutions to a diverse portfolio of customers across multiple industries.”
The report found that Shell Lubricants is the market leader in three of the 16 individual markets covered in the report: Malaysia, UK and the US. The company is also in the top three ranking in 10 further markets: Saudi Arabia, Argentina, Canada, China, Germany, Austria and Switzerland (DACH), Indonesia, Mexico, Philippines, South Africa and Thailand.
To cater to the increased demand for lubricants driven by the automotive and industrial sector, Shell has invested hundreds of millions of dollars to upgrade and grow its world-class supply chain network. To date it has 40 lube oil blending plants, five base oil plants and 10 grease plants. To further align with market demand in Asia, Shell is opening a new Lube Oil Blending Plant (LOBP) and Grease Manufacturing Plant (GMP) in Tuas, Singapore.