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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
The global lubricants market is flat, up only 1% with an estimated 39.1 million tonnes in 2013 compared to 38.8 million tonnes in 2012. In terms of lubricants volume consumed, the United States continues to be the largest country market, although its total global volume has now dropped from 25% to below 22%. Interestingly, Russia
A range of market developments is expected to have an impact on the volume of consumer automotive lubricants consumed in the United States. Among factors expected to curb demand are
