2016 Unique Report "Lubricants and Base Oil Industry" From Market and Industrial Studies, Forecast 2025
Description- Lubricants and Base Oil Market Executive Summary Globally, the market for lubricants is expected to surpass the pre-crises level of demand by 2016 and the Asia-Pacific region will demonstrate an unmatched growth in the lubricants market. While Asia-Pacific market for lubricants will be driven by the growing population of the region coupled with rising economic level, the North American and Western European region is expected to decline owing to their being mature markets, decline or average growth in production and sales of vehicles and also the closure of lubricant manufacturing plants. Gradually, the demand for bio-lubricants is increasing with more awareness of its advantages despite being expensive in comparison to crude oil. Moreover, several global players have also started emphasizing on the application of bio-lubricants. To Browse a Report Detail with TOC @ http://www.researchmoz.us/global-lubricants-and-base-oil-market-trends-and-oppor