2008-10-09 12:33:49 - Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report analysing the US industry for lubricants.

'Lubricants: US industry forecasts for 2012 & 2017', which is available at www.reportbuyer.com/go/FED00226 reports that market value will approach $20 billion in 2012, driven by shifts toward higher-quality formulations and the continued impact
of high base oil costs.

The report shows that US demand for lubricants will stabilise through 2012, an improvement from the declines experienced during

the period from 2002 to 2007, but still significantly lagging growth in GDP (Gross Domestic Product).

It further shows that advances will largely be a result of increased manufacturing activity, fuelling demand for industrial lubricants such as hydraulic fluids, process oils and greases.

Additionally, engine oils and transmission fluids will benefit from the increasing number of motor vehicles in use. However, volume gains will be restricted by trends toward longer-lasting lubricants, which extend oil drain intervals and reduce overall lubricant requirements.

Authors of the report note that demand for engine oils - which accounted for just over half of total lubricant demand in 2007 - will be boosted by the increasing number of motor vehicles in use, although this will be offset somewhat by trends toward less frequent oil changes. Process oils usage will be hindered by trends toward minimum quantity lubrication and dry machining.

Demand for transmission and hydraulic fluids is projected to reverse recent declines, although growth will be limited by changing standards for automatic transmission fluids, which will continue to increase drain intervals.
The report 'Lubricants: US industry forecasts for 2012 & 2017' is available from Report Buyer at: www.reportbuyer.com/industry_manufacturing/misc_industry_manufac ..

Report Buyer product ID: FED00226

About Report Buyer.

Report Buyer (www.reportbuyer.com/industry_manufacturing/index.html) is a UK-based independent online store supplying business information. The website now carries over 85,000 business information products, including market reports, studies, books and events. Subscribers receive a free monthly newsletter and email alerts on new titles in their areas of interest. A regularly updated blog provides information on the latest market trends.