Advantage for the development of lubricant oil industry in China Market
September 23, 2019
Advantage for the development of lubricant oil industry in China Market
Lubricant Oil Industry is an important part of petrochemical industry. It serves the national economy, especially the industrial economy, and is closely related to the national macroeconomic prosperity. Since the 21st century, the steady and high-speed growth of China's economy has driven the domestic consumption of lubricating oil to exceed the world average level. The huge market and growth prospects provide space and power for the development and growth of lubricating oil company.
With the "China Manufacturing 2025" strategic plan, China's high-end equipment manufacturing industry has ushered in new opportunities for development. China's high-end equipment manufacturing industry, led by China's high-speed rail and China's nuclear power, has also made great strides in the country's "going out" strategy. As an indispensable industry for the development of high-end equipment manufacturing industry, lubricant, known as "blood flowing in the manufacturing industry", has played important role. The launch of this plan has brought rare opportunities and challenges to the lubricant oil industry. By the end of 2017, the number of motor vehicles in China had reached 310 million, of which 217 million were automobiles. It is expected that the automotive aftermarket will continue to grow. Throughout the automotive aftermarket service, from the traditional repair shop to the professional maintenance shop, lubricants occupy an important position. Benefiting from the development of the automotive aftermarket, the lubricant market will grow steadily. At present, the level of China's lubricant oil industry has improved, and it has been able to provide high-quality, personalized and differentiated lubricant oil products for end-users. At the policy level, the state vigorously promotes the concept of "reasonable lubrication", with frequent environmental protection policies, there is a more stringent trend in environmental pollution control. In the future, high-quality lubricants will gradually replace the original low-end products and become the main choice for all kinds of end users. In order to improve the quality of lubricant oil, choose suitable suppliers of lubricating oil additives also is very important, because additives make up for and improve the performance of Base Oil and give new performance, which is an important part of lubricant oil.As a Professional Supplier of Lubricant Additive , we can supply different kinds of Lubricant Additive Component and Additive Package. Free feel to contact my email:eilin@cn-lubricantadditive.com or whatsapp/skype:+8618339818406 with any interest.
