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Marginal increase forecast in North American lubricant market

10.01.2012  |  Thinnes, Billy,  Hydrocarbon Processing Staff, Houston, TX

Keywords: [commercial lubricant consumption] [engine oils] [North America] [re-refined oils] [Shell] [synthetics] [ExxonMobil]

Marginal increase forecast in North American lubricant market

Although it is estimated that there will be a 3% increase in tonnage carried by private fleet operators in the US through 2016, this is expected to translate to a marginal increase in commercial lubricant consumption according to a new lubricants study from Kline and Company. On-highway activity saw a surge in the latter half of 2010 that continued well into 2011. Similarly, the lackluster performance of the construction industry between 2008 and 2010 has begun to show signs of a rebound. However, increased service implementation of longer drain interval oils due to a higher penetration of synthetics, growth in oil analysis practices, and an overall increase in commercial vehicles’ mechanical efficiency, mean that commercial lubricant consumption is expected to fractionally increase by a compound annual growth rate of just 0.4% to 1.0% to 2016.

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