Lubricants strong momentum of development market share increased year by year

Release time: 2024-03-21

There are some reasons for the strong development momentum of domestic lubricants. my country's "Eleventh Five-Year Plan" outline proposes that during the "Eleventh Five-Year Plan" period, energy consumption per unit of GDP will be reduced by about 20%, and the total discharge of major pollutants will be reduced by 10%. In 2007, the State Council issued a decision to strengthen energy conservation and formulated a series of policies and measures to promote energy conservation and emission reduction. Industrial enterprises have formulated their own energy-saving emission reduction targets, and strive to improve the production efficiency of equipment and reduce energy consumption through a full range of technical improvements. Lubrication technology can save energy and reduce consumption, thus finding a new way for the development of industrial enterprises.

And then, China's "Twelfth Five-Year Plan" has been vigorously implemented, and the construction of major projects has been determined, which will continue to stimulate the rigid demand of construction machinery manufacturing, transportation, logistics and transportation industries. Increased domestic demand and investment in infrastructure construction will provide a huge consumer market for the lubricant industry. At the same time, the environment and potential of domestic automobile rigid demand are still there. This year, China's automobile market will maintain a long period of growth, which will also greatly stimulate the demand of automobile lubricating oil market.

In the "2013-2017 China Lubricant and Base Oil Industry Analysis and Research Report", it is mentioned that the growth of the world economy will continue to increase lubricant consumption, but the fastest growth will be in developing countries, such as China, India and Brazil will be high-growth regions. The rapid growth of motor vehicles, boats and manufacturing will maintain the increase in lubricant consumption in the industrialized economy. In developed countries with more lubricating oil consumption, the demand for lubricating oil will not increase significantly, but will mainly generate business opportunities in the enhancement of lubricating oil performance and the extension of oil change cycle. With the rapid development of China's automobile industry, the demand for automotive lubricants is also on the rise.

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