UK finished lubes on the up, says Kline

The latest Kline report shows the UK boosting European lubes demand.

According to the latest data, part of the research specialist's Global Lubricants: Market Analysis and Assessment Report, while the rest of Europe's motor oil consumption has remained relatively flat, the UK is showing a marked improvement.

Growth of Passenger Car Motor Oil (PCMO) is set to increase annually by 1% to 2019, accouting for some 84% of total consumer automotive consumption in the UK, with lower viscosity synthetics and semi-synthetics proving the most attractive - particularly the 0WXX grades.

According to Kline, SAE 10W-40 and 5W-30 currently make up 84% of total UK PCMO demand, although the former has declined in recent years, with the latter being helped by consumer desire for more fuel-efficient lubes grades.

Overall, the European finished lubricants market is the third largest region in the world, with Russia, Germany and the UK taking around 50% of the regional share.