Recent Supply and Demand Trends of Lubricant Base Stocks

Abstract

Global economic growth, especially in emerging countries and regions, increasing concern to natural resource conservation, and environmental protection lead to a need to high performance lubricants. This article discusses the recent trends of lubricant formulation, which may impact the use of type of lubricant base stocks, for passenger car motor oils, heavy duty motor oils, automatic transmission fluids (ATF), gear oils, tractor hydraulic fluids, general industrial oils, industrial engine oils, process oils, and metalworking fluids (MWF) followed by global supply and demand trend of lubricant base stocks by region and API group in the last 10 years and forecast to 2026.