November 15, 2016
Volume 3 Issue 46
Atiel (the Technical Association of the European Lubricants Industry) published a new online list of lubricant marketers and base stock refiners that have signed letters of conformance with the European Engine Lubricants Quality Management System and Atiels Code of Practice, the prescribed protocols for demonstrating ACEA engine oil sequence performance claims. The list includes at least eight Asian companies. Volume demand for friction modifiers for lubricants and other applications is forecast to grow at a cumulative average annual rate of 5.1 percent through 2026, whereas revenue from those chemicals is expected to grow at a 6.9 percent annually, according to a study by Future Market Insights. Asia-Pacific, excluding Japan, is the biggest regional market with demand of 48,000 tons in 2016.