Your SlideShare is downloading. ×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

SEA Opportunities for Specialty Lubricants for Food Grade and Subsea Sector - How Viable is it?

1,437
views

Published on

Frost & Sullivan analyst briefing on the specialty lubricant market for food grade and subsea sector in South East Asia and its opportunities

Frost & Sullivan analyst briefing on the specialty lubricant market for food grade and subsea sector in South East Asia and its opportunities

Published in: Business

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
1,437
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
26
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. SEA Opportunities for Specialty Lubricants for Food Grade and Subsea Sector- How viable is it?
    SushmitaMahajan Research Analyst
    Chemicals Materials & Food
    1st June 2011
  • 2. Agenda
    What is Food Grade Lubricant
    Market Overview
    Opportunities and Challenges
    Market Drivers and Restraints
    Market Trends in Specialty Lubricants
    Role of Local association like MPOB
  • 3. What is Food Grade Lubricant
    Food-grade lubricants perform the same technical functions as any other lubricant:
    It’s function is to provide protection against wear, friction, corrosion and oxidation, dissipate heat and transfer power
    It has to be compatible with rubber and other sealing materials, as well as provide a sealing effect in some cases
    The Food Grade Lubricants currently used in Southeast Asia are Ester-based lubricants without any renewable raw material content.
  • 4. Overview of Specialty Lubricants for Food Grade
    While we regularly see processed food products in the supermarkets.
    Hardly ever do we think of a scenario where the fresh products come in close contact with the processing machineries.
  • 5. Overview of Specialty Lubricants for Food Grade
    Merits of Food Grade Lubricants
    Provide the food manufacturer with an effective tool to control the risks caused by contamination of lubricants (chemical hazards)
    Food manufacturers can select lubrication points as Critical Control points (CCPs) in their Hazard Analysis and Critical Control Points (HACCP) plans.
    Food Grade Lubricant Categories
    • H1 lubricants are food-grade lubricants used in food-processing environments where there is the possibility of incidental food contact.
    • 6. H2 lubricants are nonfood-grade lubricants used on equipment and machine parts in locations where there is no possibility of contact.
    • 7. H3 lubricants are food-grade lubricants, typically edible oils, used to prevent rust on hooks, trolleys and similar equipment.
  • Opportunities and Challenges of Specialty Lubricants
    Specialty Lubricants For Food Grade and sub-sea application Market : Percent of Revenues by Segment (Southeast Asia),2009
    The market for food grade lubricants and lubricants for subsea applications was estimated as US$39.2 million in 2009.
    There is a very good potential for growth as traditionally the market is dominated by mineral oil based lubricants.
    There is potential for bio-lubricants in the future because of the assured source of feedstock supply from palm oil, which is produced abundantly in Southeast Asia. However, this is a long-term prospect and will need a strong push from the government and regulatory bodies to put regulation in place to mandate the usage of bio-lubricants.
    $39.2 million
    Note: All figures are rounded; the base year is 2009.Source: Frost & Sullivan
  • 8. Opportunities and Challenges of Specialty Lubricants
    Specialty Lubricants Markets for Food Grade and Subsea Applications: Impact of Top Three Industry Challenges (Southeast Asia), 2010-2016
    Source: Frost & Sullivan.
    High Medium Low
  • 9. Opportunities and Challenges of Specialty Lubricants
  • 10. Market Drivers and Restraints
    Specialty Lubricants (Food Grade and Subsea oil & Gas Sector) Market: Drivers and Restraints (Southeast Asia ), 2010-2016
    Drivers
    Drivers
    Safety concerns by the leading food manufacturing companies drives the need
    Food manufacturingindustry growth complemented by proactive effort of lubricant manufacturers
    Restraints
    Restraints
    Higher price restrains the market growth
    Absence of proper regulation prevents bio-lubricants to be accepted widely
    Denotes short-term impact
    Denotes long-term Impact
    Source: Frost & Sullivan.
  • 11. Market Trend
    Specialty Lubricant Market Trend in Southeast Asia
    Source: Frost & Sullivan
  • 12. Current Research Initiatives in Southeast Asia Done by Malaysian Palm Oil Board
    Advanced Oleochemical Technology Division of Malaysian Palm Oil Board (MPOB), Malaysia, has developed six types of palm esters using palm-based material. The resulting palm esters could be used on its own as a base fluid to formulate a bio-lubricant or blended with other esters, mineral oil, or synthetic oil to produce the desired lubricants.
    Role of Associations Like MPOB
    Food-Grade Lubricant Patented by Malaysian Palm Oil Board
  • 13. Follow Frost & Sullivan on Facebook, LinkedIn, SlideShare, and Twitter
    http://www.facebook.com/pages/Frost-Sullivan/249995031751?ref=ts
    http://www.linkedin.com/companies/4506
    http://www.slideshare.net/FrostandSullivan
    http://twitter.com/frost_sullivan
  • 14. For Additional Information
    Donna Jeremiah
    Corporate Communications
    Asia Pacific
    +603 6204 5832
    djeremiah@frost.com
    Carrie Low
    Corporate Communications
    Asia Pacific
    +603 6204 5910
    carrie.low@frost.com
    SushmitaMahajan
    Research Analyst
    Chemicals, Materials & Food
    +65 6890 0999
    sushmita.mahajan@frost.com
    Jessie Loh
    Corporate Communications
    Asia Pacific
    +65 6890 0942
    jessie.loh@frost.com