A rapid rise in industrialization in the Asia Pacific region is leading experts to believe that it may be an attractive lubricants market in the years to come. The growth could be staggering — according to research from Kline & Co., the demand for finished automotive and industrial lubricants is predicted to reach 18 million tons by 2027—up from 16.7 million tons in 2022.* This boom in industrialization is being fueled by the quickly growing population, as well as thriving industries such as textiles, chemicals, food processing, and metalworking.

The machinery used in these sectors will make the area a promising market for the lubricants industry. Additionally, advancements in China’s automotive industry will create demand for innovative formulas and increased quantities of lubricants. The Asia Pacific region is thought to make up 40% of the global lubrication consumption — indicating that any growth here could have international benefits.

*Sources: Critical Trends Impacting the Asia-Pacific Lubricants Market
Will the Asia Pacific Emerge as an Attractive Industrial Lubricants Market?