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Category: Energy

Lubricant Market

Global Lubricant Additives Market

According to Kline, estimated global finished lubricant consumption in 2010 was 34.6 million tones, with additive consumption accounting for 3.7 million tons valued at $10.3 billion. Within lubricant additives, dispersants, viscosity index-improving agents (VII) and detergents were the top three function classes accounting for 68% of total consumption. Other function classes analyzed include corrosion inhibitors,

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Brightstock Shortage

Brightstock Shortage

The dominant trend in the lubricant basestocks industry has been the decline in supply of Group I basestocks due to technical obsolescence as well as over-supply of higher performance Group II and Group III basestocks. Group I basestocks can no longer be used to blend high-performance and mid-tier passenger car motor oils (PCMO) and heavy

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Industrial oils and fluids dominate Indian lubricant consumption

Overall lubricant consumption in India was valued at approximately USD 2,762 million in 2009. Of this, industrial oils and fluids make up just over half of total consumption. Commercial automotive lubricants are the second most demanded category, followed by consumer automotive lubricants which make up the smallest part of the market, accounting for only 10%

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Lubricant Market

Lubricant demand in AME predicted to show 2.5% growth per year

Besides Asia, Africa and the Middle East were the only regions which did not stop growing during the recession. Although their economic growth rates did slow down by 2009, they have since started to pick up again. Despite the fact that AME will not see growth rates commensurate to those of the rapidly expanding markets

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