Tag Archives: Semi-Synthetics

Asia-Pacific Finished Lubricants Market

China Strengthens its Grip, while Malaysia is a Rising Star in the Asia-Pacific Finished Lubricants Market

Posted on by

Accounting for 40% of the global market, Asia-Pacific is the leading region for finished lubricant demand. Emphasis on fuel economy and a modern vehicle parc will drive the use of synthetics and other lighter viscosity grade lubricants for passenger car motor oil (PCMO) in the region. Capitalizing on this shift, China and Malaysia are integral to the strong performance of finished lubricants in the Asia-Pacific region, capturing about 45% of regional demand, according to the soon-to-be-published Global Lubricants: Market Analysis and Assessment report by global market research and management consulting firm, Kline.

In China, synthetic oils have grown at more than 10% annually since 2013. Mobil 1 from ExxonMobil is the best-known full synthetic product in China, and similar products from Shell and BP products are also very popular.Continue reading→

Despite High Demand for Two-wheelers, Emerging Technologies May Impact Lubricant Consumption in the Future

Despite High Demand for Two-wheelers, Emerging Technologies May Impact Lubricant Consumption in the Future

Posted on by

The global two-wheeler market, which includes motorcycles, scooters, and mopeds, is expected to reach over 700 million units by 2021. This is a high-growth market segment, increasing at a rate of 8% per annum. Rising economic conditions, lack of public transportation, poor road infrastructure, high fuel efficiency/ mileage, lower emissions, and growth in the young population are the leading drivers for this significant uptick in demand. As a result of these trends, countries like Brazil, India, and Vietnam are at the forefront of driving demand for two-wheelers.  However, as electric two-wheelers gain prominence in Southeast Asian countries, lubricant demand growth may be subdued. Continue reading→

Finished Lubricant Distributors

All Roads Lead to Synthetics on the Global Lubricants Market

Posted on by

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 to the latest Global Lubricants: Market Analysis and Assessment report. The continuing global migration to lower viscosity grade PCMO will result in higher penetration of synthetics, semi-synthetics, higher revenues, and, conversely, longer oil drain intervals and suppressed overall PCMO growth.

The increasing demand for lower viscosity PCMO is driven by its ability to improve fuel economy; and original equipment manufacturers (OEMs) recommending these oils to maximize performance and converting their factory and service fill requirements to these low viscosity grade products. In the past, 0Ws would only be found in high performance sports cars and ultra luxury vehicles. Today, a base model Toyota Corolla leaves the factory with 0W-20 in its crankcase. Additionally, the forward-thinking GF-6 product specification upgrade planned in the 2017/18 timeframe will create the technical demand for these lower viscosity grade products.Continue reading→