Europe, Middle East and Africa together account for 25 percent of the worlds finished lubricants market of 40 million metric tons a year, according to recent data from the U.S.-based market research firm Kline and Co. Yet the region packs more weight when it comes to base oil supply, a new publication makes clear.
Issued earlier this month by LubesnGreases EMEA magazine, the new 2018 EMEA Guide to Base Stocks shows EMEA has 17.4 million metric tons per year of mineral base oil capacity. That amounts to 30 percent of the global supply of 57.3 million t/y, the magazine calculates. The region also enjoys a high concentration of plants producing key synthetic materials such as esters, polyalphaolefins, polyalkylene glycol and polybutene, all of them sited within Europe.
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