Lubricant market demand continues to increase and the industry develops rapidly

Lubricating oil is a mixture of hydrocarbons. Lubricating oil is mainly used in electrical appliances, mechanical equipment, and metals to reduce mechanical friction and has functions such as lubrication, cleaning, antioxidant, cooling, rust prevention, and buffering. Lubricant has a wide range of applications, market demand is increasing, and the industry is developing rapidly.

Lubricating oil is a mixture, mainly composed of base oil and additives. Among them, base oil is the main component of lubricating oil. Base oil is mainly divided into three categories, namely mineral base oil, synthetic base oil and biological base oil. Mineral base oil is widely used and used in large amounts. Additives include antioxidants, antiseptics, friction improvers, emulsifiers, dispersants, rust inhibitors, demulsifiers and other chemical substances. They are mainly used to improve the performance of lubricants and meet the different requirements of domestic residents. Additive manufacturers generally Located in northern my country.

In recent years, my country’s science and technology has continued to develop, the living standards of domestic residents have continued to improve, automobiles, intelligent machines and other mechanical products have emerged one after another, the lubricant market demand has continued to increase, and the market space is vast. In 2021, my country’s lubricating oil production will continue to rise compared with 2020, reaching more than 7 million tons, a year-on-year increase of nearly 0.6%; base oil, as the main component of lubricating oil, will rise accordingly, with base oil production in 2021 at 9 million tons Around 5.0% compared with 2020.

In recent years, the continuous development of science and technology in our country has driven the continuous development of the machinery industry. As one of the daily necessities of machinery, lubricating oil has huge market development space, attracting a large number of companies to participate. At present, there are many lubricant companies in my country, most of which are large and medium-sized companies. The market competition is fierce and the market is monopolized by large companies.

According to the “China Lubricant Market Feasibility Research Report 2022-2026” released by the Industrial Research Center, at present, my country’s lubricant market Enterprises can be divided into three categories: state-owned enterprises, joint ventures, and private enterprises. Among them, state-owned enterprises, represented by Sinopec, occupy most of my country’s mid-range market; joint ventures, represented by Mobil, occupy part of my country’s mid-range market; private enterprises, represented by Longpan Technology, occupy a small market share.

During the production process of lubricating oil, a large number of pollutants are produced, which have an impact on air and water resources. In the context of my country’s vigorous development of green and environmentally friendly industries, the production requirements for lubricant products are gradually increasing. Lubricant companies can obtain high-quality new lubricants by adopting green and pollution-free production technologies. In the future, the lubricant industry will develop in a professional and high-end direction.

Industry analysts said that in recent years, my country’s science and technology have continued to develop, and various industries have gradually developed in the direction of mechanization, and the lubricant market has attracted more attention. The subsequent improvement has attracted a large number of companies to increase investment, and the market competition is extremely fierce. In the context of the country’s vigorous promotion of green concepts, lubricant production methods will change. Companies can adapt to development trends, innovate and develop new lubricants, improve their competitiveness, and occupy a place in the lubricant market.