Lube Indonesia

The Indonesia International Lubricants, Grease, Maintenance & Technology Exhibition

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Indonesia is the giant of Southeast Asia representing about 40% of the economy and the population of ASEAN. The Central Statistics Agency (BPS) announced that Indonesia economic growth in the third quarter of 2022 reached 5.72% (yoy)

Indonesia is the biggest car market in both the ASEAN and Southeast Asia regions. The Indonesia Lubricants Market stood at 879.84 million liters in 2021 and is projected to register a CAGR of 4.64% to reach 1.10 billion liters in 2026. 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.

error: no need to do that :-)