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According to expert analysis, the demand for lubricants in the Asia-Pacific region will reach 15.5 million tons in the next 10 years, while demand for China (excluding Hong Kong, Macau and Taiwan) will account for over 40% of the total demand in the region. By 2020, the demand for lubricants in the Chinese market will double and it is expected to surpass that of the United States. Looking ahead, the Chinese lubricant industry has great potential for development.
Under this situation, the lubricant oil market will also impose higher requirements on lubricant companies in the future development process. Need to be based on the present, and at the same time, we must also look at the new technological requirements brought about by the automobile and mechanical revolutions that were born in the energy revolution era. With a sensitive market sense, we should guide companies to adapt to market demands and development trends, and also to constantly change innovation, research and use. High-performance base oils and high-quality additives to improve product performance and quality to meet market needs.
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