Like in many other industries, counterfeiting has also grown into a big problem in the lube market. Some companies enlist technology in the never-ending battle to foil those that attempt to disguise fake oils. read more
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September 19, 2017
Volume 4 Issue 38
Revenue from the sales of refrigeration oils, or fluids that absorb or release heat and provide lubrication to compressors, is set to grow at a compound yearly rate of 6 percent through 2025 in the Asia-Pacific region, according to Transparency Market Research. A record 7 million used cars were sold in China last year, according to Feng Bin, a director of China Auto Dealers Chamber of Commerce. Many were sold from coastal regions to smaller cities in western provinces, where demand for aftercare services and products may pick up in coming years as a result.