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Gabriel Tarle, Senior Analyst in Kline’s Energy Practice will present insights concerning the global lubricant additives market at the upcoming CIS Base Oils and Lubricants Conference in Moscow, Russia. The conference will take place from May 24 to May 26. Furthermore, if the global lubricant additives market is of interest to you, feel free to
Global lubricant additive consumption exhibited moderate growth in 2015, estimated to have increased by 1.0% over 2014. This consumption is forecast to increase by 1.6% through 2019, with strong growth stemming from regions like Asia-Pacific, Africa, the Middle East, and South America, according to the recently published Global Lubricant Additives: Market Analysis and Opportunities report
Accounting for 44% of the global market, Asia-Pacific is the leading region for finished lubricant demand. Overall finished lubricant demand in the Asia-Pacific region is forecast for modest growth of a CAGR of 1.8% over the next five years. An emphasis on fuel economy and a modern vehicle parc will drive the use of synthetics
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
The North American lubricants market encompasses a wide range of oils and fluids used in the consumer automotive, commercial automotive, and industrial market segments. The United States dominates the region by a large stretch, distantly followed by Canada, accounting for 9% of the lubricant sales volume and Mexico with an 8% share. This is second
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
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
While overall global demand for finished lubricants has declined more than 4,000 kilotonnes over the past two years, synthetics and synthetic blends have gained more market share during this time
Global lubricant demand has seen some recovery in 2010 after registering a significant decline of 8.4% in 2009 over the previous year.
Despite an overall decline in the global demand for finished lubricants, the market for synthetics is growing nicely, driven by factors on both the supply and demand side of the equation. As the trend takes shape around
