Bangladesh lubricants market has few segments with various lubricant oils. This industry can be described as a market which contains few segments like passenger car motor oil, four-stroke motorcycle oil, heavy-duty diesel engine oil, hydraulic oil, and gear oil, etc. Another observation also identifies more lubricants oil segments like railway oil, marine oil, and aviation oil. These segments are insignificant compared with other lubricant oil segments.Are Users Concerned?
Are users concerned with the quality lubricant oil? A market analysis would say yes, it should be! However, this belief varies from one segment to another segment. Most passenger car and motorcycle owner are concerned with the quality engine oil. So they don’t want to compromise with the lubricants oil. The car owners and motorcycle riders try to involved in oil change period. Even, they recommend their regular mechanic to use the quality lubricant oils.Heavy-duty Engine Oil Segment
The heavy-duty engine oil and CNG oil segments are quite similar, heavy-duty engine oil meets both requirements of these two segments. As there is a lack of importance from the vehicle owner end. This segment closely regulated by the transport agencies, drivers, engine mechanics, garage mechanics and even the retailers. Competitive pricing is a key decision-making standard for those decision makers, though brand preferences is also a key.
The market for CNG oil is an exponential one, though the users are mostly using the heavy-duty engine oils for the vehicles. Few quality gas engine oils are available but not popular. The industrial oil segment is a sensitive one, which is closely supervised by the engineer. The growth of power sectors and other industries has perked this industrial oil segment up.Purchase Decision
End-users are quite knowledgeable about the lubricants oil and its features. For end-users, the main source of information arises from peer suggestions. Retailer suggestions also play a part in affecting the purchase. Retailers also recommend their various lubricants oil brand to purchase. Due to this, customers often purchase brands as referred by the retailers.
The vehicle owners don’t want to risk anything happening to their vehicles for not using high-quality lubricant. The sole distributors always run promotions for the regulars, though it plays an insignificant part in the purchase decision. Availability of brand doesn’t affect people’s purchase decision. Rather, it’s dictated by the brand’s popularity.More brands are entering
Newly brands are taking their entrance in this growing lubricant industry. Bangladesh Lubricants Oil Market is now more competitive. The renowned brands like Mobil, BP, Total, Shell, Castrol are trying to sustain their market share with strong brand preferences. Moreover, the customers have now a better choice of quality lubricant oils.
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The global oilfield scale inhibitor market was valued at USD 509.4 Million in 2014 and is expected to witness a CAGR of 5.40% between 2015 and 2020. Factors driving the market of oilfield scale inhibitor include increasing demand from the oil and gas industry, wide availability of scale inhibitors, rising demand for biodegradable and environment-compatible scale inhibitors, and so on.
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The oilfield scale inhibitor market is experiencing strong growth and is mainly driven by regions, such as RoW, North America, Asia-Pacific, and Europe. Considerable amount of investments are made by different market players to serve the end-user applications of scale inhibitors. The global market is segmented into major geographic regions, such as North America, Europe, Asia-Pacific, and Rest of the World (RoW). The market has also been segmented on the basis of type. On the basis of type of scale inhibitors, the market is sub-divided into phosphonates, carboxylate/acrylate, sulfonates, and others.
Carboxylate/acrylic are the most common type of oilfield scale inhibitor
Among the various types of scale inhibitors, the carboxylate/acrylate type holds the largest share in the oilfield scale inhibitor market. This large share is attributed to the increasing usage of this type of scale inhibitors compared to the other types. Carboxylate/acrylate meets the legislation requirement, abiding environmental norms due to the absence of phosphorus. Carboxylate/acrylate scale inhibitors are used in artificial cooling water systems, heat exchangers, and boilers.
RoW, which includes the Middle-East, Africa, and South America, is the most dominant region in the global oilfield scale inhibitor market
The RoW oilfield scale inhibitor market accounted for the largest share of the global oilfield scale inhibitor market, in terms of value, in 2014. This dominance is expected to continue till 2020 due to increased oil and gas activities in this region. The Middle-East, Africa, and South America have abundant proven oil and gas reserves, which will enable the rapid growth of the oilfield scale inhibitor market in these regions. Among the regions in RoW, Africa’s oilfield scale inhibitor market has the highest prospect for growth. Africa has a huge amount of proven oil reserves and is one of the leading oil producing region in the World. But political unrest coupled with lack of proper infrastructures may negatively affect oil and gas activities in this region.
Major players in this market are The Dow Chemical Company (U.S.), BASF SE (Germany), AkzoNobel Oilfield (The Netherlands), Kemira OYJ (Finland), Solvay S.A. (Belgium), Halliburton Company (U.S.), Schlumberger Limited (U.S.), Baker Hughes Incorporated (U.S.), Clariant AG (Switzerland), E. I. du Pont de Nemours and Company (U.S.), Evonik Industries AG (Germany), GE Power & Water Process Technologies (U.S.), Ashland Inc. (U.S.), and Innospec Inc. (U.S.).
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Headline crude prices for the week beginning 9 December 2019 – Brent: US$64/b; WTI: US$59/b
Headlines of the week
In the U.S. Energy Information Administration’s (EIA) International Energy Outlook 2019 (IEO2019), India has the fastest-growing rate of energy consumption globally through 2050. By 2050, EIA projects in the IEO2019 Reference case that India will consume more energy than the United States by the mid-2040s, and its consumption will remain second only to China through 2050. EIA explored three alternative outcomes for India’s energy consumption in an Issue in Focus article released today and a corresponding webinar held at 9:00 a.m. Eastern Standard Time.
Long-term energy consumption projections in India are uncertain because of its rapid rate of change magnified by the size of its economy. The Issue in Focus article explores two aspects of uncertainty regarding India’s future energy consumption: economic composition by sector and industrial sector energy intensity. When these assumptions vary, it significantly increases estimates of future energy consumption.
In the IEO2019 Reference case, EIA projects the economy of India to surpass the economies of the European countries that are part of the Organization for Economic Cooperation and Development (OECD) and the United States by the late 2030s to become the second-largest economy in the world, behind only China. In EIA’s analysis, gross domestic product values for countries and regions are expressed in purchasing power parity terms.
The IEO2019 Reference case shows India’s gross domestic product (GDP) growing from $9 trillion in 2018 to $49 trillion in 2050, an average growth rate of more than 5% per year, which is higher than the global average annual growth rate of 3% in the IEO2019 Reference case.
Source: U.S. Energy Information Administration, International Energy Outlook 2019
India’s economic growth will continue to drive India’s growing energy consumption. In the IEO2019 Reference case, India’s total energy consumption increases from 35 quadrillion British thermal units (Btu) in 2018 to 120 quadrillion Btu in 2050, growing from a 6% share of the world total to 13%. However, annually, the level of GDP in India has a lower energy consumption than some other countries and regions.
Source: U.S. Energy Information Administration, International Energy Outlook 2019
In the Issue in Focus, three alternative cases explore different assumptions that affect India’s projected energy consumption:
EIA’s analysis shows that the country's industrial activity has a greater effect on India’s energy consumption than technological improvements. In the IEO2019 Composition and Combination cases, where the assumption is that economic growth is more concentrated in manufacturing, energy use in India grows at a greater rate because those industries have higher energy intensities.
In the IEO2019 Combination case, India’s industrial energy consumption grows to 38 quadrillion Btu more in 2050 than in the Reference case. This difference is equal to a more than 4% increase in 2050 global energy use.