Global lubricants and base oil market: Trends & opportunities 2013-2018

A report entitled Global Lubricants and Base Oil Market: Trends & Opportunities (2013-2018) by Research and Markets analyzes the global lubricants and base oil market, with focus on demand for lubricants in different regions across the globe.
Globally, the market for lubricants is expected to surpass the pre-crises level of demand by 2016 and the Asia-Pacific region will demonstrate an unmatched growth in the lubricants market.
While the Asia-Pacific market for lubricants will be driven by the growing population of the region coupled with rising economic level, the North American and Western European region is expected to decline owing to their being mature markets, decline or average growth in production and sales of vehicles and also the closure of lubricant blending plants.
The global base oil market that has witnessed volatility in the recent past is expected to grow moderately in the future.
The market share of Group I base oil is declining year-on-year, while the market share of Group II and Group III base oils are accelerating.
The key market challenges and the major trends of the lubricants and base oil market are presented in the report. The report also includes the competitive landscape of the global base oil capacities and analyzes the business strategies of the leading lubricants and base oil players.
(June 13, 2013)