Indian Lubricants Market

Indian Lubricants Market on a Slow but Promising Path to Growth, sees Kline

The global lubricants market is rapidly changing.  Ranking third after the United States and China, India is one of the most important markets. Kline’s recently published Opportunities in Lubricants: India Market Analysis is a comprehensive analysis of the Indian lubricants market, focusing on key trends, developments, challenges, business opportunities, and major suppliers.

With a GDP of USD 1,825 billion in 2012, India is the third-largest economy in Asia, after China and Japan. Historically, India has been one of the fastest growing major economies. However, since 2010, the economic growth rate has successively dropped from 9.3% in 2010–2011 to about 5.3% in 2013–2014.Continue reading

Kline Announces 8th Edition of its LubesNet Database

Kline Announces 8th Edition of its LubesNet Database

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 has surpassed Japan and is now the fourth largest country market. Both North America and Western Europe continue to stagnate below pre-recession levels. Though Asia and other developing regions picked up in 2011, the market lost steam in 2012, most notably in China, down 1.1%.Continue reading

Global Lubricants Market

Big Players Lead, but Smaller Ones Claim More of the Global Lubricants Market Turf, Sees Kline

With total 2012 global lubricant demand estimated at 38.7 million metric tons, the market is effectively flat over 2011; however, this belies many changes within. Both North America and Western Europe continue to stagnate below pre-recession levels; and despite Asia picking up in 2011, this market also waned in 2012, with the most significant change being a net decline in demand in China, according to recently published Global Lubricants: Market Analysis and Assessment by international consulting and research firm Kline & Company.Continue reading

Kline at the European Base Oils & Lubricants Summit

Kline at the European Base Oils & Lubricants Summit

European Base Oils & Lubricants Summit gathers top European and global industry players and experts. If the most current and most exclusive data on the European lubricant and oil market is what you are looking for, do not miss out on the next year’s event. Among the guests and presenters were Kline’s Geeta Agashe – Energy Practice Vicepresident, and Dr. Sharbel Luzuriaga – Energy Practice Senior Analyst.Continue reading

Lubricants for Wind Turbines

Put Wind In Your Sales! Lubricants For Wind Turbines

The global wind energy market has witnessed tremendous growth in recent years due to the need for clean, low carbon emitting energy produced from renewable sources. Governments around the world have enthusiastically supported the wind energy industry, but whether they can continue to do so in the current economic environment is an open question.

Join us on Tuesday March 6 at 9:00AM US EST for an insightful presentation focusing on the lubricant opportunities within this fast evolving market and Kline’s recent report Lubricants for Wind Turbines 2011:  Global Market Analysis and Opportunities.

Register here.

Opportunity for Global Lubricant Majors

China Looking Inwards for Strength – An Opportunity for Global Lubricant Majors

Changing market geographies in China are prompting a need for dual strategies for marketers tapping into China’s estimated USD 18.7 billion lubricant market, indicates the recently published report Opportunities in Lubricants 2011: China Market Analysis by international consulting and research firm Kline & Company.

As a logistical consequence of China’s vast exporting, manufacturing facilities tended to be coastal; however, in an effort to offset declining exports, China is increasingly shifting to a domestic consumption-driven economy and investing significant resources in developing infrastructure within the country’s interior thus encouraging companies to expand and establish a presence to service what were until recently low priority domestic needs. This realignment affords both opportunities and challenges.Continue reading

Global Lubricant Consumption

Global lubricant consumption – Where are we going?

2011 has ended, and we are back to doing what we were some three years ago: contemplating how bad the economy will get before it gets better. There is bad news everywhere. The list of critical countries in the euro-zone grows longer by the day. Greece, Ireland, Spain, and Portugal have been lately joined by Italy. France could be next. Outside the euro-zone, the United Kingdom, with its large financial industry and significant exports to the euro area, is being sucked into recession. The United States is also battling its own problems. High unemployment, low consumer confidence, high government debt, and political deadlock are all hampering recovery. Asian economies played an important role in pulling the world economy of out recession in 2009, but now they are not up to the task. Both China and India have battled high inflation. Interest rate hikes in response to the inflation and the high fuel prices have acted as a dampener on consumer demand. China needs to reorient its economy from export driven growth to domestic consumption driven growth. This is proving very difficult with the current level of interest rates. India has also seen a huge drop in its currency from INR 45.45 to USD 1.00 in December 2010 to INR 51.59 to USD 1.00 in December 2011. Given that India is dependent on oil imports, this is translating into higher fuel prices and still higher inflation.Continue reading

The Widening of the Panama Canal - The Potential Game Changer

The Widening of the Panama Canal – The Potential Game Changer

Historically, the U.S. East Coast (Atlantic region), led by New York, dominated trading activities with other nations. This makes sense as most of the trade those days was between Europe and the United States. With the emergence of the Asia-Pacific region (first with Japan and now China and the East Asian Tigers) the U.S. West Coast (Pacific region), led by Los Angeles and Long Beach, grew in importance. This certainly had an impact on the local economy in terms of growth in related industries such as shipping, trucking, railroad, and other such industries which resulted in the growth of marine engine oils, railroad engine oils, and HDMOs.Continue reading

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% of total consumption.

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