World demand for lubricants will rise 2.6 percent annually through 2015. Asia will remain the fastest growing region, followed by the Africa/Mideast region and Central/ South America. Manufacturing and other markets will outpace the motor vehicle aftermarket. Hydraulic fluids and process oils will be the fastest growing products.

World lubricants industry covers a volume of 37 million metric ton. Lubricant blenders entered the ASEAN marketplace just two decades ago, and today they are 100 plus. Total annual demand for lubricants in Southeast Asian market is estimated at 2.2 million metric tons, and nearly a third of this was supplied by independent blenders and marketers in 2001. With a total population of 500 million and a growing appetite for lubricants, the 10 countries that make up the Association of Southeast Asian Nations (ASEAN) include three open markets that allow free import of lubricants and base oils (Singapore, Malaysia and Brunei) and seven protected markets. The protected markets (Indonesia, Vietnam, Thailand, the Philippines, Myanmar, Laos and Cambodia) impose high tariffs on finished lubes and base oils. The open markets are generally dominated by multinational major oil companies, while the protected markets are usually controlled by their national oil companies.

Lubeasia aims to provide an overview of a wide range of Lubricants, Greases, Oils, Fluids, Raw materials, packaging etc available in the Indian as well as foreign Market and would provide an understanding through interaction with the technical representatives of companies exhibiting products.