Global lubricant demand is forecast to reach 40.5 million metric tons in 2012. Gains will be strongest in the Asia/Pacific, Africa/Mideast and Latin American regions due to ongoing rapid industrialization and rising car ownership rates. Engine oils will remain the largest segment while process oils grow the fastest.This study analyzes the $48.8 billion world lubricant industry. It presents historical demand data for the years 1997, 2002 and 2007, and forecasts for 2012 and 2017 by formulation (e.g., petroleum, synthetic, re-refined, vegetable-based), product (e.g., engine oils, process oils, hydraulic fluids, metalworking fluids), market (e.g., motor vehicle aftermarket, manufacturing), world region and for 31 countries.The study also considers market environment factors, details industry structure, evaluates company market share and profiles 31 industry players, including Shell, Exxon Mobil and BP.
Freedonia Market Research—Reports provide industry insights targeting market size, product and market segmentation, product and market forecasts, industry composition, market leaders and business trends.
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