Global Independent Lubricant Manufacturers Market: Flourishing Automotive Industry Continues to Drive Market, says TMR
The global independent lubricant manufacturers market is led by Fuchs Lubricants in 2012, states a new report by Transparency Market Research. The company is focusing on expanding their business through establishing plants across the globe. Other players in the market are not necessarily those with their own refineries. Many independent lubricant manufacturers source their base oil from other suppliers such as oil refineries and petroleum companies. Players are focusing on marketing and manufacturing high performance products. The development of sustainable products for end user industries will be another area of interest for independent lubricant manufacturers across the globe. Some of the other key players in the market are Carlube, Motul, Liqui Moly, Pentosin, Unil-Opal, Torco, Amsoil, Royal Purple, and Red Line. According to the report, the global independent lubricant manufacturers market is expected to be worth nearly US$8.5 bn by 2019. On the basis of...