Can Construction Machinery Drive the Lubricant Market

In recent years, with the continuous development of the construction machinery industry, the lubricant market for construction machinery has shown a prosperous trend, and the sales scale has rapidly developed to 8 billion yuan in the short term.

Due to the short time scale of construction machinery market in China, the awareness of lubricant consumption of construction machinery owners and users is far from mature, and they are still accustomed to applying the principle of selection of lubricants for passenger vehicles directly to construction machinery and equipment. The industry does not even have the concept of "special lubricants." In fact, in the process of use, lubricants for construction machinery have a huge difference from passenger car lubricants in terms of use environment and load changes. The improper use of oil has a great influence on the efficiency and service life of mechanical equipment.

According to industry analysts, the growth in global demand for chemical products in 2012 was relatively stable. With the recovery of the global economy, this demand growth will rebound in the future. The growth in the demand for petrochemical products will mainly come from Asia, and this growth will be driven by the consumer goods manufacturing industry. These products are used to export to all parts of the world and to meet the growing needs of Asia's growing middle class. These consumers are expected to have more buying needs for packaging products, home appliances, automobiles, tires, and clothing. Since 2000, more than two-thirds of global demand growth has come from the Asia-Pacific region, and this trend is expected to continue. In the next 10 years, global chemical product demand is expected to increase by 50%, which is mainly due to the increasing prosperity of developing countries.