A Modest but Steady Recovery Expected in the Latin American and Caribbean Finished Lubricants Market
The finished lubricants market in Latin America and the Caribbean was negatively affected by the adverse effects of external and internal turbulence, leading to a severe regional economic downturn from 2014 to 2016. The region entered a new post-recession cycle in 2017 due to the reactivation of commodity production, a key driver of Latin America’s