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Market Report on China Lubricant Industry, 2014-2018

  • Date Submitted: 11/06/2015 12:50 AM
  • Flesch-Kincaid Score: 35.4 
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Nov., 06, 2015, Mumbai, India: Market Reports on China presents the report, on “Market Report on China Lubricant Industry, 2014-2018”.   As the leaders in China's lubricant industry, Sinopec (Great Wall Lubricant) and PetroChina (Kunlun Lubricant) represented a combined 48.7% market share in 2014, while transnational petroleum corporations e.g. Shell, BP, FUCHS, and Total occupied a 29.7% share.

The development of automobiles, machinery manufacturing, electrical, and other industries in China has triggered a rapid expansion of lubricant market size. http://www.marketreportsonchina.com/industry-mfg-market-research-reports-14352/china-lubricant.html So far, China has become one of the worlds major lubricant producers and consumers. However, amid the low-speed growth of the global economy, Chinas lubricant market continued to decline for the past two years, with 2014s lubricant output falling by 3.6% year-on-year to 5.6866 million tons.

Influenced by the distribution of resources, China's lubricant industry presents obvious regional characteristics. In 2014, Liaoning, Shandong, and Shanghai ranked among the top three by lubricant output. Among them, Liaoning produced 1.3191 million tons, accounting for 23.2% of the total nationwide, and the output of Shandong and Shanghai were recorded at 824.9 kilotons and 496.4 kilotons, respectively.

At present, China's lubricant market is dominated by state-owned, foreign-funded, private-owned enterprises. As the leaders in China's lubricant industry, Sinopec (Great Wall Lubricant) and PetroChina (Kunlun Lubricant) represented a combined 48.7% market share in 2014, while transnational petroleum corporations e.g. Shell, BP, FUCHS, and Total occupied a 29.7% share.

Upbeat about the outlook for China's lubricant market, and hoping to stabilize their share in China's lubricant market, the foreign giants that have long dominated China's high-end lubricant market are working to make layout and integration of China's lubricant...

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