Tim Ford, vice president of Shell Lubricants Asia Pacific, said in Shanghai on the 17th that it is predicted that by 2020 China will surpass the United States to become the world's largest lubricant market.

Taking into account environmental protection pressures, automakers are increasingly focusing on improving engine efficiency and reducing CO2 emissions while improving fuel economy. According to statistics, the current share of the Asia-Pacific region in the global lubricants market has surpassed North America, with the Chinese market growing fastest and annual sales growth reaching double digits.

According to analysis, from now until 2013, the demand for lubricants in the Chinese market will increase at a rate of about 3.5% per year, surpassing India to become the fastest growing market in the world. Among them, the industrial lubricants industry is expected to show the strongest growth in China.

Tim Ford said: "We are confident that China will become the world's largest lubricants market in the medium to long-term, because China's economic development has been on a good track, coupled with China's continued growth in strength, especially in China's industry. The strength of the field."

In order to actively explore the Chinese market, in September 2006, Shell acquired 75% of the shares of Beijing United Petroleum Chemical Industry Co., Ltd. and Uniform Petrochemical (Xianyang) Co., Ltd., becoming the leading international energy company in the Chinese lubricants market. The acquisition will increase Shell’s share of the rapidly growing Chinese lubricants market to third place.