Lubricating oil is an oil like liquid applied on the moving surface of machine bearings, which can play a role of cooling, washing, rust prevention, buffering impact load, etc. According to its origin, lubricating oil is mainly divided into petroleum lubricating oil and constituent lubricating oil, among which petroleum lubricating oil is the main one. The lubricating oil can be divided into industrial lubricating oil, sliding bearing and vehicle lubricating oil according to the purpose. The vehicle lubricating oil includes recommended oil, cooling system oil, gear oil, etc. Lubricating oil is generally composed of base oil and additives.
The supply of lubricating oil is mainly for the sale of base oil. Additive oil-free bearing companies supply additives all over the world, and sell products after the harmony of lubricating oil in policy stores. Therefore, the talent of lubricating oil supply mainly depends on the talent of base oil production. China's base oil production talents are mainly concentrated in PetroChina and Sinopec. In 2010, they are estimated to reach 5 million tons, of which PetroChina accounts for about 70%. The domestic base oil production capacity is mainly class I base oil, class II, class III and other high-end lubricants, with relatively low production capacity. From 2009 to 2011, China imported 1.88 million tons of base oil, 2.08 million tons and 2.12 million tons of base oil, mainly class II and class III base oil, which shows that the proportion of high-end lubricant stores in China is rapidly increased, and the proportion of low-end stores will be reduced.
According to the data of the National Bureau of statistics, China's lubricant consumption from 2007 to 2011 was 5.92 million tons, 5.9 million tons, 6.05 million tons, 6.8 million tons and 7.1 million tons respectively. In 2008, China's lubricating oil benefited from the new car sales volume of China's cars, which constantly reached a new high. It is suggested that the engine oil for cars should adhere to the momentum of adding, with the demand of 2.2072 million tons, accounting for 37.47%. The cost reduction and environmental protection demand for steel, coal and cement work add to the demand for lubricating oil for some industrial self-lubricating bearing industries.
According to the analysis of "2014-2018 China lubricating oil market demand forecast and investment strategic planning analysis report" issued by the prospective Industrial Research Institute, in the future, in the process of lubricating oil work, it will adapt to the development trend of energy-saving, high-efficiency and high-end internal combustion engine oil, and need continuous discussion and Application of high-performance base oil and high-quality additives, so as to meet the high-quality internal combustion The need for machine deployment.
In the next 10 years, the Asia Pacific region's lubricant demand will reach 15.5 million tons, while China will account for 40% of the region's demand. By 2020, the demand for lubricants in Chinese shopping malls will double, and the consumption will surpass that in the United States.
