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The Future Development Of Lubricating Oil
Nov 06, 2017

2005 global oil market consumption two arms in 2004 growth of 1%. The Asia-Pacific region consumes the largest, accounting for 30% of total consumption, North American market consumption is 29%, central and Middle East Europe consumes 13% of the world's lubricants, South American market consumption of two wars 7%, the Middle East accounted for 4%, while Africa accounted for 3%. According to our forecast, the Chinese market lubricating oil consumption will show a rapid growth trend, by 2020, China's oil consumption will overtake the United States.

A total of 423,000 tonnes of lubricating oil was produced in July 2006, down 8.2% from 460,000 tonnes in the same period last year, and 11.6% in comparison with 478,500 tonnes in June this year. Dalian China Natural Gas Co., Ltd. Dalian Lubricating oil production in July ranked first, the year-on-year increase of 34.9%, China Petroleum Co., Ltd. grams of lubricants factory production of 19714 tons, ranked second, the year-on-year decline of 16%, the chain increase of 89.54%.

At present, the domestic lubricating oil factory large and small estimated more than 4,000, the brand has more than 6,000, including nearly 30 foreign investment. China's current lubricant consumption and supply of 4.5046 billion tons per year. Sinopec and PetroChina accounted for nearly 60% of the market share, with Shell, Mobil, BP and Kerry representative of the multinational lubricants companies, occupy about 20% of the market share, but the high-end market share of 80%, the unified petrochemical as the representative of local private lubricants enterprises, With flexible operating mechanism in the market to form a certain scale. In addition to the unified petrochemical to the import base and the main raw materials can still be divided into high-end market, most of the private lubricants enterprises in the market lot, accept small and medium-sized refineries raw materials.

Road products such as buses and trucks have accounted for about 46% per cent of China's total oil market. As the economy continues to grow, the demand for transportation of people and goods will grow, which requires increasing the number of trucks and buses, so heavy-duty vehicle lubricating oil consumption will get faster growth.


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    Jiangsu Lopal Tech Co.,Ltd
    Add:NO.6 Hengtong Avenue, Economic and Technological Development Zone, Qixia District, Nanjing City, Jiangsu Province
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    Mobile:+86-13677379280
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