China Lubricant Market Size of 23 Billion Yuan

www.chinaspv.com: It is learned from the 14th China International Lubricants and Technology Exhibition (i.e. 2013 China Inter Lubric) that China lubricant market size of 2013 is expected to be 23 billion Yuan increasing 8% to 10% compared with last year. In the following three years, lubricant demanding in China markets would keep the increase rate of 8% to 10% each year.

China Inter Lubric is the most professional exhibition within China lubricant industry possessing authority, scale and international quality. Since 2000, China Inter Lubric has already been successfully held in Shanghai, Beijing and Guangzhou for 13 years.

2013 China Inter Lubric is held collaboratively by Sinopec Lubricant, PetroChina Lubricant and Council for the Promotion of International Trade Shanghai with support of Shanghai Lubricant Trade Association. The lubricant exhibition is held in Guangzhou Poly World Trade Center Building 4 during Sep. 24 to 26.

The sponsor said that China is now the second large lubricant consumption country in the world with continuous increase. Multiple international brands begin to enter China market on account of huge market size and wide development prospect, such as Shell, Mobli BP and Castrol. By virtue of technology and brand advantage, these international brands mentioned above occupy China lubricant market. However, national brand like Kunlun, Changcheng and Tongyi lubricant become the popular lubricant brands among customers.

With depressed economy at home and abroad, the exhibition scale of 2013 expands to a record exceeding 10,000㎡. Over 150 brands from 16 countries and places attended this exhibition, such as the United States, the U.K, Germany, France, Russia, Mainland of China, HK and Taiwan of China.

According to industry expertise, major projects of the 12th 5-year Plan would continue motivating the rigid demanding of machinery manufacturing industry, transport and logistics. Both domestic demanding and enhancing infrastructure investment will provide larger market for lubricant industry. Meanwhile, domestic automotive rigid demanding is still of suitable environment and potential. In 2013, China automotive market would remain increasing for quite a while, which would drive demanding for automotive lubricant market. It is expected that China lubricant market size would be 23 billion Yuan in this year.

In addition, during this exhibition 2013 China International Lubricant Industry

China Special Vehicle Adivsor

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