The document discusses the global lubricants market. It notes that the global demand for lubricants is 41.7 million metric tons, with Asia being the third largest market. The lubricants industry has seen 1700 players consolidate into bigger companies through mergers to increase stability. Technology and engineering have improved lubricant quality and increased demand. Lubricants see derived demand from gasoline, diesel, kerosene and fuel oil. They are also jointly demanded for applications like brake fluids, greases, hydraulic fluids and more. Key organizational customers include OEM manufacturers, car dealerships, fleet operators and race teams. The lubricants market is segmented into automotive, industrial and marine. Market strategies focus on branding, pricing, accessibility, services