E-commerce; electric vehicle mandates, Industry 4.0 and the increasing power of OEMs are among the top trends shaping the global lubricant industry – Kline Group published a report highlighting key trends and challenges for the coming years.
Global finished lubricant demand reaches an estimated 40 million tons, and the demand is forecast to remain flat over the next 10 years.
The emergence of new distribution channels, such as e-commerce; electric vehicle mandates, particularly in Europe; the emerging ecosystem for industrial manufacturing or the so-called “industry 4.0,” and the increasing power of OEMs, are among the top trends shaping the industry.
Full report in PDF is available here
KEEP ME POSTED