Global lubricant demand is expected to reach 40.5 million tons in 2012

According to reports and relevant information and data, global lubricant demand is expected to reach 40.5 million tons in 2012. The main growth is in Asia/Pacific, Africa/Middle East and Latin America, which benefited from the rapid and rapid development of industrialization in these regions and the increasing growth of automobiles; the total global lubricant market price reached approximately US$48.8 billion.

The recent acquisition of Lubrizol Lubricant Additives Company by Berkshire Hathaway for $9 billion in cash is investors' bullish demand for lubricants.