With commercial vehicle demand booming, especially in developing nations, the Asia-Pacific region needs better quality heavy-duty engine oils that can handle extreme conditions and fight oxidation, said Afton Chemical.
Emerging markets account for the majority of commercial vehicle demand today. Based on 2008 data, about 50 percent of all trucks operating were in undeveloped countries. According to Philippe Yannic, Afton Chemicals Braknell, U.K.-based heavy-duty marketing manager, by 2017, this number is expected to be more than 66 percent. In a presentation at the ICIS Middle Eastern Base Oils & Lubricants Conference in Dubai last October, Yannic said that this surge in demand in emerging markets is being fueled by increased demand for commercial and consumer goods that are typically delivered by truck. In addition, many underdeveloped countries have embarked on significant projects to improve transportation infrastructures to aid the movement of goods.