Asia-Pacific’s demand for general industrial lubricants and grease is expected to shrink roughly 0.1 percent through 2021, with declines in China and Japan offsetting increases in other countries, Kline & Co. said in an interview. The region dominates the global market, accounting for 2.6 million tons, or 41 percent of global demand in 2017. read more
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January 19, 2018
Volume 5 Issue 3
India’s state-run Numaligarh Refinery Ltd. exported paraffin wax to Europe for the first time in a 132 metric ton haul to Poland this month. It also increased exports to Myanmar and Bangladesh last week in support of the government’s Act East policy. A recent MarketsandMarkets report found that increasing aircraft fleet sizes in the Asia Pacific make it the fastest-growing region for aviation lubricants through 2022.