Opportunities in Lubricants: China Market Analysis

The Consumer Automotive Segment is Expected to Drive the Chinese Finished Lubricants Market

Written By: Eric Pimenta and David Tsui

According to the recently published Opportunities in Lubricants: China Market Analysis report from global market research and management consulting firm Kline, total consumption of lubricants in China is estimated at 7,000 kilotonnes, valued at an estimated USD 26 billion in 2015.

In China, the total consumption of consumer automotive lubricants in 2015 is estimated at 1,400 kilotonnes, valued at approximately USD 11 billion and forecast to grow 3.7% by 2020, with new passenger car sales growing 9.2% during the first half of 2016. This includes factory-fill for all product categories and greases.Continue reading

Asia-Pacific Finished Lubricants Market

China Strengthens its Grip, while Malaysia is a Rising Star in the Asia-Pacific Finished Lubricants Market

Accounting for 40% of the global market, Asia-Pacific is the leading region for finished lubricant demand. Emphasis on fuel economy and a modern vehicle parc will drive the use of synthetics and other lighter viscosity grade lubricants for passenger car motor oil (PCMO) in the region. Capitalizing on this shift, China and Malaysia are integral to the strong performance of finished lubricants in the Asia-Pacific region, capturing about 45% of regional demand, according to the soon-to-be-published Global Lubricants: Market Analysis and Assessment report by global market research and management consulting firm, Kline.

In China, synthetic oils have grown at more than 10% annually since 2013. Mobil 1 from ExxonMobil is the best-known full synthetic product in China, and similar products from Shell and BP products are also very popular.Continue reading