India is the worlds second-largest market for two-wheelers, and it is on track to move past China in the next couple decades, a trend that translates into large growth potential for lubricant marketers.

Chinas slowing economy brings the domestic lubricant industry enormous challenges, including a decline in traditional manufacturing industries and a more competitive landscape for both base stocks and finished lubes.

Indian grease and lubricant producer Balmer Lawrie said it plans to double its domestic market share in the next five years through expanded manufacturing capacity and more aggressive marketing.

Bangladeshs MJL Ltd. reported a 10 percent increase in revenue and a 19 percent increase in profit for its lubricants operations in 2014. SK Lubricants, of South Korea, underwent a dip of 17 percent in both revenue and profit during 2015s first quarter compared to the year-earlier period.

Lube Report Asia has completed its first audit by BPA Worldwide, an achievement that validates the authenticity of its subscriber list.