Ipsos Publications

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The New Lubricant Trade in ASEAN – A promising new era

Global lubricant markets have seen a dramatic rebound since the global economic recession of 2008–2009. At that time, global demand dipped to its lowest point since the latter half of the 20th century, but has since surpassed its previous high mark set in 2007. One of the key drivers of this rebound can be attributed to Asia, where the developing economies of emerging markets are fueling the rising demand for lubricants. ASEAN is an association of 10 member countries located in South East Asia. This new Ipsos paper explores the future growth potential in the region's lubricant industry.