WORLD LUBRICANTS TO 2017

World Lubricants to 2017

World demand for lubricants is forecast to increase 2.4 percent per year to 43.6 million metric tons in 2017, driven by strong growth in vehicle ownership and ongoing industrialization in the developing countries of Asia. Above average increases will also occur in South America and in Africa/Mideast. These regions will each experience healthy economic growth, rising manufacturing output, and expanding motor vehicle parks -- all of which will benefit lubricant consumption. In contrast, demand will remain nearly flat in the developed countries of North America and Western Europe. There, efficiency gains will offset new demand from rising economic and industrial output. Although volume growth will be restrained in these regions, lubricant suppliers will benefit from increasing demand for premium, high value products such as synthetic and biobased lubricants.

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Additional information on World Lubricants to 2017 :
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- Aug 5, 2013 ... World demand for lubricants is forecast to increase 2.4 percent per year to 43.6 million metric tons in 2017, driven by strong growth in vehicle ...
- World demand for lubricants will rise 2.3 percent yearly to 43.9 million metric tons in 2017. Asia, South America, the Middle East, and Africa will lead gains based ...

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