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Global Base Oil Market Competition Intensifies,Molybdenum Disulfide as The Best Partner of Base Oil Will Also Become the Focus

wallpapers News 2020-03-13
At the 24th ICIS World Base Oils and Lubricants Conference in London from February 19th to 21st, Stefano Zehnder, vice president of ICIS Consulting, said that with the shift of demand to Group II and Group III base oil products, the global base oil market The competition will be more and more intense, and the supply of base oil will exceed demand.
Zehnder said that it is predicted that by 2025, the new capacity of global II and III base oils will be 50% higher than the new demand. At the same time, the reduction in Group I base oil production capacity will be less than the decrease in Group I base oil demand caused by the Group II and III base oil seizing market share. Group II base oils will lead the growth, especially the new base oil demand in Asia is mainly group II base oils.
It is expected that the utilization rate of global Class I base oil production capacity will decrease by 15%. In contrast, the utilization rate of Class II and III base oil production capacity may be flat. European Class I base oil installations face the most significant risks, while Asian Class I base oil installations may be operating at lower operating rates.
Oil demand will peak in the 1930s. In the future, the new global demand for oil will mainly come from basic petrochemical products-olefins and aromatics. Demand for petrochemical products is expected to grow at an average annual rate of 2.8%, while demand for petroleum products is expected to grow at an average yearly rate of only 0.6%.
Looking ahead to 2025, the United States will remain the leading supplier of Group II base oils, while Europe and Asia will increasingly become self-sufficient. The production capacity of European Group I base oils will drop sharply because Europe is the primary source of the global excess supply of Group I base oils. The universal base oil trade route will also change with capacity and demand trends. US exports of European Group II base oils will decrease, but shipping to Latin America will increase.
With the intensified competition in the base oil market, the stability and price of lubricant additive molybdenum disulfide will also become the focus. Molybdenum disulfide has the advantages of excellent dispersibility and non-adhesion. It can be added to various greases to form a non-adhesive colloid state, which can increase the lubricity and extreme pressure of the lubricant. It is also suitable for high-temperature, high-pressure, high-speed, high-load mechanical working conditions, extending the life of the equipment. If you want to learn more about molybdenum disulfide, you can send an email to emma@rboschco.com.
 


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