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A few days ago, Geeta Aé„„gashe, director of oil and energy investigation at Kline, USA, spoke highly of Beijing United Petrochemical Co., Ltd. He said that as a private company, Beijing United Petrochemical Co., Ltd. ranked 16th in this ranking. He said that the emergence of unified lubricants reflects the rapid growth in the demand for lubricants in China, indicating that China's lubricants demand has a major impact on the global lubricant market.
A recent report released by Kline, a US consulting firm, showed that in 2005, Exxon Mobil Corporation surpassed Shell in the global market for finished lubricants and became the world's largest lubricant manufacturer. ExxonMobil sold lubricating oil products for 4.5 million tons last year, which accounted for 12% of the global lubricant market, and Shell's share of 11%.
In 2005, ExxonMobil surpassed Shell in sales of lubricants. This is attributed to the increase in its share of the US market, but Shell still ranks first in branded products, and branded products usually have higher profits. Exxon Mobil and Shell have occupied the top two positions in the lubricants market for many years. BP ranks third in market share with 8%, followed by Chevron, Total, PetroChina, Sinopec, and Luke. Oil, Flowserve and Victory.
According to the person in charge of the Klein Company, at present, the United States is still the world’s largest consumer of lubricants, and its consumption accounts for one quarter of global demand. According to forecast, by 2020, China's lubricant consumption will exceed the United States.