Current Situation and Trend of Global Lubricating Oil Industry
September 18, 2019
In the past few years, China's Lubricating Oil Market is becoming more and more concentrated. Looking at the Global Lubricating Oil Market--Mobil, Shell, Sinopec Lubricating Oil Company, and other world's largest 15 Lubricant Manufacturers, although only accounted for 1% of the total number of lubricants manufacturers, but controlled more than 60% of global lubricant sales, it shows that the market concentration is the trend of the lubrication industry. The development of the lubricant market is affected by the national macroeconomic situation and the development of transportation, machinery and equipment and other industries. According to data released by global independent lubrication supplier FUCHS PET CLUBE, China Chemical News and so on. From 2013 to 2018, the global lubrication consumption increased from 39.6 millions tons to 46.6 million tons, and the average annual growth rate of 3. 53 %. So with the world economy and fuel oil consumption increasing, the world lubricant consumption shows a small upward trend. With the gradual growth of global lubricant consumption, global oil industry sales revenue is also on the rise, lubricant prices basically fluctuate with the price of the original, the volatility time lags crude oil prices 2 or 3 months. In 2018 years, the global lubricant sales amount is about $160.83 billion, the compound annual growth rate of more than 5%, and it is expected that by 2020, global lubricant sales will be reached to $178.87 billion. It is both an opportunity and a challenge for the manufacturer of lubrication. Owing to Environmental Protection and Engine Technological Progress, Manufacturers from developed countries or regions such as North America, Western Europe and Japan are tend to reduce costs and use lubricants with better performance and higher quality. The quality of Lubricating Oil depends on Base Oil and Additives. Base oil determines the basic properties of lubricating oil, and additives make up for and improve the shortcomings of base oil. Additives are an important part of thain. Additives added to lubricating oil can endow lubricating oil with various functional characteristics.
If you need high quality Lubricant Oil Additive, like Additive Component (Detergent: Calcium Sulfonate & Tbn Booster , Calcium Phenate, Calcium Salicylate etc.) or Additive Package (Gasoline Engine Oil Additive Package; Diesel Engine Oil Additive Package; Hydraulic Oil Additive Package etc.).Please contact me: Whatsapp/Line: +8618339818406 Email:eilin@cn-lubricantadditive.com
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