Development Prospect of Lubricating Oil Additives

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Development Prospect of Lubricating Oil Additives

Source: | Author:pmo55f6d8 | Published time: 2019-07-31 | 187 Views | Share:

At the recent Second Forum on Emission Control and Lubricating Oil Technology, many industry experts and business representatives said that accelerating the pace of domestication of high-end additive products, possessing their own core technology and building national brands are the most important thing nowadays, and we should firmly grasp our destiny.

shanghaiminglan

Shanghai Minglan Chemical Industry

At present, there seems to be a large market demand. According to the estimates of Shanghai Lubricating Oil Industry Association, the demand for lubricating oil additives in China alone will increase to 1 million tons. With the continuous development of the automobile industry, the demand for automotive products will gradually increase, and the demand will be more and more in the future.

Industry concentration is highly competitive. The industry has four major additive companies in foreign countries, Lubrizol, Chevron Olena, Running Union and Yafton. They have a global share of nearly 85%, and the competitiveness of domestic enterprises is in the downturn.

China's additive industry began to develop in 1983. At present, only some companies in China have their own technology and products, and there are fewer high-end products. Therefore, we need to concentrate our efforts to improve our own technological innovation, speed up the pace and build national brand competitiveness.

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