ILMA Compoundings May 2018 - 19

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growth and forecasts vehicle sales in the country to increase
by 5.2 percent to 102,000 units this year.
A growing vehicle market and availability of base stocks
could spur growth in the lubricant industry. In Nigeria
itself, there are already 34 lubricant blending plants with
more than 120 million liters of base oil storage capacity.
MRS Oil Nigeria Plc in Lagos has the largest plant, with a
capacity of 11 million liters, according to the Department of
Petroleum Resources.
Still, the challenge for lubricant marketers to capture a share
of these huge African markets while competing with fake and
adulterated lubricants and illegal blending plants remains.
In South America, Brazil is still the leading market in the
region. "While Brazil shed a combined 90,000 tons with the
revision and corruption scandal with government officials
and some industries, our research indicated that hopefully
that is behind them and returning to some sort of normalcy," said Morvey.
Asia's growth percentages might not be on par with Africa
and the Middle East, but the continuing growth in vehicle
sales in countries such as India, Indonesia and Thailand and
an evolving vehicle parc are areas where lubricant manufacturers can focus.
"[For example,] in India, people are moving from twowheeler to four-wheeler and modern products and lower
viscosity grades. This means a huge potential for market
growth from a technical demand from OEMs," said Morvey.

Meanwhile, governments in Asia are implementing lower
vehicle and industrial emission regulations and better fuels,
driving the growth of synthetic and quality lubricants. For
example, in January 2017, China introduced the National
V limit, equivalent to Euro 5, and India will be introducing
the Bharat VI, or Euro 6, for all its new vehicles.
According to Kline & Co, occupant OWs for passenger
cars was 130,000 tons in 2011. This is expected to increase
more than 10 times, or to 1.7 million tons, by 2026. With
only seven emerging markets - China, Russia, Brazil, Mexico, Thailand, Indonesia and India - making up 30 percent
of global passenger car motor oil (PCMO) demand, targeted
marketing might be warranted to meet the diverse needs to
grow or gain entry into these markets.
Like Asia, as GCC (made up of six Middle-Eastern countries: Saudi Arabia, Kuwait, United Arab Emirates, Qatar,
Bahrain and Oman) "fuel sulfur levels fall and the population of heavy-duty diesel (HDD) vehicles using modern
hardware technology grows, there will be a greater need for
higher-quality American Petroleum Institute (API)-approved
lubricants, which presents opportunities for lubricant marketers," said Infineum, a global additive company.
Ching is a journalist and freelance writer based in
Singapore.

19



Table of Contents for the Digital Edition of ILMA Compoundings May 2018

LETTER FROM THE CEO
INSIDE ILMA
Company Callout
WHAT’S COMING UP
NEW MEMBERS
INDUSTRY RUNDOWN
In the Know
International Insight
Market Report
SMOOTH TRANSITION
PERILOUSLY OBSOLETE
HARASSMENT IN THE WORKPLACE
BUSINESS HUB
COUNSEL COMPOUND
WASHINGTON LANDSCAPE
IN NETWORK
Member Connections
Cross Connections
PORTRAIT
ILMA Compoundings May 2018 - Cover1
ILMA Compoundings May 2018 - Cover2
ILMA Compoundings May 2018 - 1
ILMA Compoundings May 2018 - 2
ILMA Compoundings May 2018 - LETTER FROM THE CEO
ILMA Compoundings May 2018 - INSIDE ILMA
ILMA Compoundings May 2018 - 5
ILMA Compoundings May 2018 - 6
ILMA Compoundings May 2018 - 7
ILMA Compoundings May 2018 - Company Callout
ILMA Compoundings May 2018 - 9
ILMA Compoundings May 2018 - WHAT’S COMING UP
ILMA Compoundings May 2018 - 11
ILMA Compoundings May 2018 - NEW MEMBERS
ILMA Compoundings May 2018 - 13
ILMA Compoundings May 2018 - INDUSTRY RUNDOWN
ILMA Compoundings May 2018 - 15
ILMA Compoundings May 2018 - 16
ILMA Compoundings May 2018 - In the Know
ILMA Compoundings May 2018 - International Insight
ILMA Compoundings May 2018 - 19
ILMA Compoundings May 2018 - Market Report
ILMA Compoundings May 2018 - 21
ILMA Compoundings May 2018 - SMOOTH TRANSITION
ILMA Compoundings May 2018 - 23
ILMA Compoundings May 2018 - 24
ILMA Compoundings May 2018 - 25
ILMA Compoundings May 2018 - 26
ILMA Compoundings May 2018 - 27
ILMA Compoundings May 2018 - 28
ILMA Compoundings May 2018 - 29
ILMA Compoundings May 2018 - PERILOUSLY OBSOLETE
ILMA Compoundings May 2018 - 31
ILMA Compoundings May 2018 - 32
ILMA Compoundings May 2018 - 33
ILMA Compoundings May 2018 - HARASSMENT IN THE WORKPLACE
ILMA Compoundings May 2018 - 35
ILMA Compoundings May 2018 - 36
ILMA Compoundings May 2018 - 37
ILMA Compoundings May 2018 - 38
ILMA Compoundings May 2018 - 39
ILMA Compoundings May 2018 - BUSINESS HUB
ILMA Compoundings May 2018 - 41
ILMA Compoundings May 2018 - COUNSEL COMPOUND
ILMA Compoundings May 2018 - 43
ILMA Compoundings May 2018 - 44
ILMA Compoundings May 2018 - 45
ILMA Compoundings May 2018 - 46
ILMA Compoundings May 2018 - WASHINGTON LANDSCAPE
ILMA Compoundings May 2018 - Member Connections
ILMA Compoundings May 2018 - 49
ILMA Compoundings May 2018 - Cross Connections
ILMA Compoundings May 2018 - 51
ILMA Compoundings May 2018 - PORTRAIT
ILMA Compoundings May 2018 - Cover3
ILMA Compoundings May 2018 - Cover4
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