Lubricant Market

Lubricants Industry to 2015 Surge in Automotive Market in Emerging Economies Driving Demand

Posted by admin on March 31, 2011 in Automotive | Comments Off

Lubricants Industry to 2015 – Surge in Automotive Market in Emerging Economies Driving Demand

Summary

GBI Research’s new report, “Lubricants Industry to 2015 – Surge in Automotive Market in Emerging Economies Driving Demand”, provides an in-depth analysis of the Global Lubricant Industry and highlights the various concerns, shifting trends and concerns around the globe. The report provides forecasts for the Lubricant Industry to 2015. The report also provides forecasts of Global Lubricant Demand to 2015 by Region, by Market, by formulation and by Product. The report gives the SWOT analysis of various major players of the Lubricant Market. The report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research’s team of industry experts.automotive

The global automotive industry is back on the growth path after the setback caused by the financial crisis of 2009. The industry is now actively pursuing innovative new technologies, production and business techniques. Although it is on a growth path, the fact remains that it will take a long time for it to recover. Asia has recovered well as compared to the West, and this is reflected in the growing automobile numbers. China, the world’s largest automotive market, showed a more than 20% growth in December 2010 China and India seem to have weathered the financial crisis storm, compensating for the decline in lubricant demand in the rest of the world. In 2009, these countries took over the automotive production leadership position, with over 14 million units – a surge of more than 48% over 2008 – and well over 10 million more than the total production of the US, Canada, and Mexico combined. In India, the production growth was less dramatic.

Scope

The report provides in-depth...