02 July 2013 21:23 [Source: ICIS news]
Megatrends such as changing demographics, sustainability issues and shifting preferences in transport modes are all affecting the finished lubricant market, said consultant Stephan Keese, who made his comments at the ICIS/Lube em Foco Meet the Market conference.
According to a study conducted by the firm, a shift bringing more attention and improved economics to the BRIC (
De-motorisation is part of the changing preferences in transport modes, as smaller vehicles are becoming more common and shared ownership/use of vehicles is emerging in some regions.
Increased car production in
However, specific to
The Meet the Market conference ends on Tuesday, 2 July.
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