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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
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 –
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
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.
The economic rollercoaster ride of the past three years has generated a debate on the nature of lubricant demand and its growth in context of economic growth. Does lubricant demand growth track GDP growth rate? Can we define a relation between GDP growth and lubricant growth? Has the lubricant market grown at all in the last 10 to 15 years?
Historically, the U.S. East Coast (Atlantic region), led by New York, dominated trading activities with other nations.
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.
We may now see a shift in trade on a similar scale, with the U.S. Gulf Coast, led by Houston, New Orleans, and other ports in the region being the beneficiaries. A potential game changer, as announced by the Wall Street Journal, is the $5.25 billion widening of the Panama Canal scheduled to be completed in 2014. (Read more…)
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%
The finished lubricant markets of Africa and the Middle East are traditionally overshadowed by other markets, more notable for their large size, rapid growth or high quality levels. However, the AME region boasts attractive country markets of its own, with high growth potential and quality lubricant output.
