World demand for lubricants to exceed 40.5 million metric tons in 2012

March 2009
Chemical Business;Mar2009, Vol. 23 Issue 3, p73
Trade Publication
The article predicts the increase in world market demand for lubricants, according to the results of a 2009 by the Freedonia Inc. Findings show that the value gains will be more substantial as more expensive high performance lubricants are substituted for lower value ones. It also shows that the advances will be strongest in the developing Asian countries due to the rapid industrialization and rising car ownership rates.


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