Freedonia In The News
Article Title: Study: U.S. Lubes Market to Grow
By: George Gill
Publication: Lube Report, 10/22/2008
Freedonia Study: Lubricants (2384)
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Recent spikes in oil prices and increased environmental regulations have injected renewed interest into alternative base stocks such as synthetics, rerefined oil and bio-based oils, said Freedonia Group Inc. analyst Diane Wilkoff, noting a key finding in Lubricants, a new U.S. market study from the Cleveland-based market research firm.
“Synthetics are expected to continue to comprise the largest portion of these sales, but bio-based oils are expected to grow faster, due in part to governmental incentives and improved performance of these products,” Wilkoff told Lube Report.
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