The Global Business Outlook for Brightstocks

Brightstock Alternatives Will Gain Ground as the Market Anticipates a Deficit of over 6.0 KBD

The brightstocks market faces dwindling Group I supplies. In its recently published report,  The Global Business Outlook for Brightstocks, global market research and management consulting firm Kline estimates that, even with limited new capacity additions, the market will experience a potential deficit of at least 6.0 KBD by 2025. Although there will be loss in demand for brightstocks from automotive engine oils due to the shift towards multigrade oils, that alone cannot compensate for the declining supply. Blending requirements for marine and other heavy industrial lubricants continue to expand demand for brightstocks, a critical component for these applications. Spotting an opportunity, a few brightstock suppliers have undertaken capacity expansion projects that will address some of the growing deficit.Continue reading