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Environmental Policy Drives Demand Growth In The Lubricant Additive Industry

With the rapid development of China's economy, the accelerating industrialization process and the continuous growth of car ownership, China has become one of the largest lubricant consumers in the world, but per capita consumption is still low, and the gap with developed countries is still very large. As an essential component of lubricant production, the growth potential of China's lubricant additives will be huge in the future.

New thinker industry analysts pointed out that with the increasingly strict national environmental laws and regulations, emission standards have increased, such as mandatory requirements for passenger car exhaust emissions, from 6.9 per 100 kilometers in 2015 to every 10,000 in 2020 With 5 liters of rice, the increase in environmental requirements will greatly increase the demand for lubricant additives.

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