China's lube oil market structure needs to be consolidated and the market prospects are good
As a consumer product used in conjunction with automobiles , lubricating oil has gradually been transformed into general consumer products. Now that the level of mechanization has increased, the development of the lubricating oil industry has also risen. The higher the degree of mechanization, the higher the rate of use of lubricants and the prospects are bright. The development of the lubricant industry market will tend to grow steadily.
Lectra's lubricating oil analyst pointed out that China has a huge lubricant market. The rapid growth of domestic demand for vehicle oil and the upsizing of automotive oil will push the automotive lubricants industry into a period of rapid development. It is expected that the demand for lubricants in the Chinese market will double by 2020, and consumption will likely exceed that of the United States. The rapid growth in the demand for vehicle oil and the gentrification of vehicle oil will push the automotive lubricant industry into a period of rapid development.
In the face of a huge demand market, lubricant manufacturers have laid out one after another. With the increasingly fierce market competition, the market structure is undergoing major changes. Foreign companies have been stationed in an attempt to compete for the domestic market with their brand influence. Foreign brands continue to infiltrate into the Chinese market, and many lubricating oil plants that were originally on the edge of large-scale manufacturing companies have joined hands with overseas giants. Large-scale private enterprises are not to be outdone, and they have increased investment in R&D, relying on their advantages in cost and price to compete with foreign countries. Local brands have already broken the dominance of international oil giants and domestic monopolies.
At the same time, the optimization of resource allocation in the domestic lubricants market has not been fully realized. It is manifested in the aspects of base oil, scientific research strength, and material procurement. In addition, due to the relatively limited size of enterprises and profitability, financial budgeting systems are usually not implemented, and the completion of profits seems very passive. Therefore, there is still a lot of work to be done to make full use of resources and further optimization. In order to enhance the brand image and increase the proportion of high-grade oil, it is necessary to change the existing market operation methods and strengthen integration and monitoring.
The development of the domestic lubricants market is in good shape. The pattern of supply and demand for base oil in the industry has been broken. At the same time, the demand for customers has grown to high-grade, personalized development, and the degree of market homogeneity and fierce competition have become fierce. In the future development of the lubricant industry, it will adapt to the development trend of energy-saving, high-efficiency and high-end internal combustion engine oils.
Henan Huanghe Whirlwind International Co., Ltd. was a sole subsidiary of Henan Huanghe Whirlwind Co., Ltd., a listed company on Shanghai Stock Exchange in 1998. Huanghe Whirlwind specializes in industrial diamond and Diamond Tools. It is the largest synthetic diamond manufacturer and top three comprehensively in the world with the annual production of 1.2 billion carats. The diamond series products with [China Top Brand" have been sharing high reputation in global market.
Our engineering capabilities enable us to offer you a great experience in reliabity, consistency and quality with our world -class diamond tools. One of Whirlwind's subsidiaries is a national reaserch and development center, which holds the rightsto hundreds of intellectual properties. We match the right diamond that we produce, to right application. We employ the metal powders that we manufacture, to insure excellent quality.
What does this mean to you?
- Great metallurgical engineering experience with a singles source manufacturer
- A better understanding of cuttingtechnology
- Matching the right diamond to right application
- A great variety of products from one company and having a reliable manufacturing supplier
Diamond Tools
Diamond Tools,Diamond Hand Tools,Diamond Dresser Abrasive Tools,Granite Diamond Saw Blade
Henan Huanghe Whirlwind International Co., Ltd. , http://www.huangheindustry.com