industry in Asia Pacific and other emerging economies is further projected to bolster the demand for finished lubricants across the globe.
Global Finished Lubricants Market: Regional Analysis
In terms of demand Asia Pacific is the largest market for finished lubricants followed by North America, Europe and Rest of the World. In North America, U. S was the largest market followed by Canada and Mexico. The demand for finished lubricants used in automotive, energy and industrial applications is expected to be high in this region on account of growing automobile and construction industry in this region. In Europe the major markets for finished lubricants were Germany, France, U. K, and Italy. Other major European country for finished lubricants was Russia, where the recent economic growth has propelled the demand for lubricants employed in automobile and industrial applications. The growth for finished lubricants is also expected to witness strong growth from emerging economies from Asia Pacific such as India, China etc. and developing economies such Indonesia and other South Asian countries. Middle East, Latin America and Africa are also expected to contribute substantially in the demand for finished lubricant used in various applications.
Global Finished Lubricants Market: Key Companies Mentioned in the Report
Some of the major companies operating in the global finished lubricants market are Shell, ExxonMobil, Chemtura, BP, Chevron and NexLube Operating LLC among others.
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