Bright Future for Russia’s Gear Oils
Russia’s automotive gear oil con- sumption could surge 27 percent to 79,400 metric tons by 2018, largely due to a boost in passenger car sales, a market study found. Moreover, if demand were to advance at a steady three to seven percent annual growth rate, the total could hit 83,100 tons by 2018, according to Moscow-based RPI’s new study, “Actual Gear Oil Con- sumption of the Russian Vehicle Fleet.” Go to article...
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Russia’s Auto Lubes Poised to Grow
Led by strong vehicle sales, Russia’s automotive lubricants demand is expected to grow by around 3 percent annually, reaching 768,500 metric tons by 2017. According to a study by Moscow-based RPI, “Actual Engine Oil Consumption by Motor Vehicles in Russia,” the passenger car lubes segment will lead this growth, with expected increases of about 4 percent per year through 2017. The study found that passenger car motor oil de- mand growth is influenced by changes in passenger car design, changes in sump size, increasing annual mileage driven and extended service intervals. Go to article...
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