- The Asia-Pacific base oil market is experiencing significant growth, primarily driven by the escalating demand for high-grade lubricants in the automotive sector.
- Countries like China, India, and Japan are witnessing a surge in vehicle production, necessitating superior engine oils that offer enhanced performance and comply with stringent emission norms.
- This trend is propelling the shift from traditional Group I base oils to more advanced Group II and III variants, which provide better oxidation stability and fuel efficiency.
- China stands as the dominant player in the Asia-Pacific base oil market, accounting for a significant share due to its robust automotive industry and expansive industrial base.
