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The total demand for consumer automotive lubricants in Morocco is an estimated 29 kilotonnes in 2015. The largest share of the demand comes from engine oils, including PCMO, PCDO, and 2T/4T, with a demand of over 70% of the total consumer lubricant volume. This is followed by gear oil with about 13% and grease and
In a presentation at the ICIS Pan-American Conference held in December 2016, Sergio Rebelo, Managing Director in Kline’s South America affiliate, Factor, discussed the struggles and opportunities of the South American finished lubricants market. South America has a population of 419 million and a continental GDP of USD 3.6 trillion, roughly 5% of the global
Overall demand for finished lubricants in Latin America and the Caribbean was negatively affected by the regional economic downturn during the period from 2014 to 2016. However, this general challenging picture is hiding a number of dynamic markets, such as Chile, Dominican Republic, Panama, and Costa Rica, where lubricant demand is posting above-average industry growth,
Accounting for approximately 8% of the global finished lubricant demand, Africa and the Middle East is a region ripe for growth. The region is forecast to grow at a modest compound annual growth rate (CAGR) of 3% until 2019. Infrastructure and a modernizing vehicle parc will play a role in altering the landscape for finished
The current global demand for general industrial oils (GIO) stands at approximately 6,500 kilotonnes and is projected to exhibit moderate growth over the course of the next five years. With over 50% share in the global consumption, hydraulic fluids are the most consumed GIOs by a wide margin. The share of different GIOs and grease
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
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
Kline presents Energy Newsweek, a curation of energy news articles providing insights into the state of the global energy market; shedding light on trends and new events that are impacting the markets in which we have expertise.
Lower Production, Oil Prices To Drag Down Exxon’s Q4 Earnings
Energy savings with advanced lubricant for heavy industry
January Auto Sales Thaw Out And Rise, Forecasters Say
Shell China: Hyundai recommends Shell as preferred aftermarket oil supplier for another five years
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
