Encourage the Growth of Indonesian lubricant Industry
Indonesia with over 260 million of populations and becomes one of the top 10 largest manufacturing nations in the world. The market for Indonesia lubricants is expected to grow at a CAGR of more than 3% during the forecast period. Increasing demand from ASEAN countries and other reasons are driving the market growth.
The Indonesian Government has launched the EURO 4 emission because they have a commitment to lower greenhouse gas emissions. An estimated 86% of air pollution will fall in the urban areas with using Euro 4. The implementation of Euro 4 has been enforced in several countries in the world. In Indonesian automotive industry, the application of Euro IV is quite a positive influence especially in the marketing of vehicles because the domestic vehicle is equal to the vehicle in the export.
The 3rd edition of Lube Indonesia will be taking place from 24 – 26 May 2023 at Jakarta International Expo (JIExpo) Kemayoran, Jakarta – Indonesia. Lube Indonesia will be in conjunction with INAPA 2023 and INABIKE 2023. It is expected to be more effective, more crowded, more qualified, and more influential to build qualified networks from Indonesia and International Lubricant companies or manufacturers.