Owing to the international financial crisis, the development of lubricant markets in Europe and the United States was hampered in 2009, but Asian lubricant market, especially Chinese lubricant market is developing rapidly.
Lubricant Output in China, Jan-Nov 2009
Source: ResearchInChina, wind
With the acceleration of Chinese industrialization and increasing population of automobiles, China's demand for lubricant will continue to rise further. The upgrade of industrialization has put forward higher requirements on the performance of lubricant. However, basic lubricant I prevails in China, while high-quality basic lubricant II and III are largely imported, so the advantages of PetroChina and Sinopec in basic lubricant are bound to be weakened.
China's lubricant market grows fast, alluring more and more attention from multinational corporations. Foreign-invested, state-owned and private enterprises compete fiercely. Besides, state-owned enterprises and private ones are on an equal footing with the manufacture of high-quality lubricant, and it is an opportunity for private enterprises to improve competitiveness.
Lubricant Export & Import of China, Jan-Nov 2009
Source: ResearchInChina, China Customs
This report analyzes the development and market trends of China lubricant industry, latest advances in lubricant application, as well as key lubricant enterprises. It also probes into the development tendencies of China lubricant industry.
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