Bharatbook added a new report on “World Lubricants to 2015” which gives the trends, development and demand of Lubricants through worldwide.
World Lubricants to 2015
World demand to reach 41 million metric tons by 2015
World demand for lubricants will rise more than two percent annually to 41 million metric tons in 2015, driven primarily by strong economic growth as countries continue to recover from the impact of the global economic recession in 2009. The fastest increases will continue to be in Asia, followed by the Africa/Mideast region. Healthy advances in Eastern Europe will reflect a rebound in the region’s industrial output, while demand growth in Central and South America will moderate along with the region’s economy. While still below the global average, advances in North America and Western Europe will also contribute to rising global demand, reversing the secular declines of the previous decade. ( http://www.bharatbook.com/detail.asp?id=203597&rt=World-Lubricants-to-2015.html )
Process oils to be fastest growing product segment
In terms of product types, engine oils will continue to account for the greatest share of lubricant demand going forward. This will primarily reflect the importance of transportation in an increasingly global economy, both from a consumer and a commercial perspective. Process oils will post the fastest growth due to the greater difficulty of boosting consumption efficiency of these lubricants in comparison to hydraulic and metalworking fluids, both of which will experience below average gains as companies everywhere work to reduce unit consumption in an effort to maintain competitiveness. Despite the slow growth in hydraulic and metalworking fluids, significant value opportunities will still exist for new, higher performance oils, and/or more environmentally friendly fluids that meet the increasingly strict regulations found in developed countries. This will be reflected in the above-average advances in nonconventional lubricant demand going forward, even as traditional petroleum-based lubricant demand continues to expand as well.
Developing regions to drive key motor vehicle market
With per capita motor vehicle ownership rates rising quickly in Asia, the Middle East, Central and South America and Eastern Europe, motor vehicle lubricant demand will continue to expand throughout the forecast period. Motor vehicles are the largest market for lubricants, and growth will be led by strong gains in the developing Asian countries due to rapid expansion of the motor vehicle park, particularly in China and India. However, the trend toward increased drain intervals, influenced in part by the growing availability of superior, high performance synthetic lubricants, will result in declining demand in Western Europe and North America.
For more information kindly visit : http://www.bharatbook.com/detail.asp?id=203597&rt=World-Lubricants-to-2015.html
Related Reports
Synthetic Lubricants & Functional Fluids
Lubricants Industry to 2015 – Surge in Automotive Market in Emerging Economies Driving Demand
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