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World demand for lubricants will rise 2.6 percent annually through 2015. Asia will remain the fastest growing region, followed by the Africa/Mideast region and Central/ South America. Manufacturing and other markets will outpace the motor vehicle aftermarket. Hydraulic fluids and process oils will be the fastest growing products.
World lubricants industry covers a volume of 37 million metric ton. Lubricant blenders entered the ASEAN marketplace just two decades ago, and today they are 100 plus. Total annual demand for lubricants in Southeast Asian market is estimated at 2.2 million metric tons, and nearly a third of this was supplied by independent blenders and marketers in 2001. With a total population of 500 million and a growing appetite for lubricants, the 10 countries that make up the Association of Southeast Asian Nations (ASEAN) include three open markets that allow free import of lubricants and base oils (Singapore, Malaysia and Brunei) and seven protected markets. The protected markets (Indonesia, Vietnam, Thailand, the Philippines, Myanmar, Laos and Cambodia) impose high tariffs on finished lubes and base oils. The open markets are generally dominated by multinational major oil companies, while the protected markets are usually controlled by their national oil companies.
In view of this, the future of this segment participant is full of opportunity, hence NEXGEN EXHIBITIONS LIMITD is presenting 3rd edition of ever of its own kind in Indian Lubricant Industry i.e. 3rd LUBEASIA .
LUBEASIA would provide a wonderful and one stop solutions for Exhibitors to showcase their products and services. See the latest offerings from the Oil, Lubricants, Greases and related industry, Spot Potential Customers, Discover new frontiers in technology and trends related to Lubricants and Greases
LUBEASIA is an exclusive platform in India to showcase Oil, Lubricants, Greases, Fluids, Base Oils, Additives, and Packaging etc.
LUBEASIA will provide an overview of a wide range of Lubricants, Greases, Oils, Fluids, Raw materials, packaging etc available in the Indian as well as foreign Market and would provide an understanding through interaction with the technical representatives of companies exhibiting products.
LUBEASIA event will be a meeting point for manufacturers, services providers, consumers, sellers, resellers, retailers in the Oil, Lubricants, Greases segments thus providing a unique opportunity to exhibitors to interact with highly targeted and closely focused visitors who are existing/potential customers and to present organizations capabilities, strengthen corporate images and make new business contacts.
LUBEASIA exhibition could be utilized to launch any technology and product and to conduct market survey as well as to get feedback of company and product.
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