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September 19, 2018

Volume 2 Issue 46

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Scant Growth Forecast for North America

North America’s lubricant market is expected to inch up from 2.9 billion gallons in 2017 to 3 billion gallons by 2020, with industrial oils continuing to constitute the largest share, according to consultancy Kline & Co. Government policies, including potential changes to the North American Free Trade Agreement and new environmental rules in the United States, should spur growth in some cases and tamp down demand in others.