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India is the third-largest lubricant-consuming market in the world at approximately 2.3 million metric tons in 2015, according to Kline’s estimates. Generally, the Indian finished lubricant market has outpaced global finished lubricant demand growth. Since 2010, the finished lubricant demand growth in India has exceeded the global finished lubricant demand growth, except for 2013, where
Gabriel Tarle, Senior Analyst in Kline’s Energy Practice will present insights concerning the global lubricant additives market at the upcoming CIS Base Oils and Lubricants Conference in Moscow, Russia. The conference will take place from May 24 to May 26. Furthermore, if the global lubricant additives market is of interest to you, feel free to
Kline, a global market research and management consulting firm specializing in the downstream petroleum and specialties sector, and SBA Consulting, which focuses on global analyses of the base oil market, announced a new joint initiative to analyze the financial performance and survivability for base oil plants with the launch of a client-confidential study called the
Accounting for approximately 8% of the global finished lubricant demand, Africa and the Middle East is a region ripe for growth. The region is forecast to grow at a modest compound annual growth rate (CAGR) of 3% until 2019. Infrastructure and a modernizing vehicle parc will play a role in altering the landscape for finished
Accounting for 44% of the global market, Asia-Pacific is the leading region for finished lubricant demand. Overall finished lubricant demand in the Asia-Pacific region is forecast for modest growth of a CAGR of 1.8% over the next five years. An emphasis on fuel economy and a modern vehicle parc will drive the use of synthetics
In January 2014, Kline, a worldwide consulting and research firm serving needs of organizations in the lubricants and base stocks industry, introduced its monthly Base Stock Margin Index, a characterization of recent cash margin contributions in the U.S. base oil market over the past 24 months. The Index estimates cash margin contributions associated with U.S.
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
The North American lubricants market encompasses a wide range of oils and fluids used in the consumer automotive, commercial automotive, and industrial market segments. The United States dominates the region by a large stretch, distantly followed by Canada, accounting for 9% of the lubricant sales volume and Mexico with an 8% share. This is second
The global two-wheeler market, which includes motorcycles, scooters, and mopeds, is expected to reach over 700 million units by 2021. This is a high-growth market segment, increasing at a rate of 8% per annum. Rising economic conditions, lack of public transportation, poor road infrastructure, high fuel efficiency/ mileage, lower emissions, and growth in the young
Low viscosity SAE 0W-XX passenger car motor oil (PCMO) accounted for under 5% of the total global PCMO demand in 2014. This grade is forecast to increase to over 7% by 2023, according to the recently released LubesNet Database. Moreover, 5W-XX and 0W-XX combined account for about 40% of the total global PCMO market in 2014, according
