Shell Lubricants expands share in tough market
HOUSTON — Shell has been named the number one global lubricants supplier for the fourth consecutive year in an annual research study carried out by Kline & Company.
Despite a tumultuous 2009, Shell Lubricants expanded its global market share to 13.4 percent from 12.7 percent in 2008.
The company says the figures are especially significant, given that in 2009 worldwide lubricant demand declined 8.4 percent over 2008 to 35 million tones.
According to Kline, the impact of the global recession had been less severe in the Asia-Pacific region, which continued to show the most robust growth on a volumetric basis.
Shell achieved strong growth in China and established itself as a leading player in developing markets such as Indonesia.
However, Shell says it also grew its market share in the U.S., despite that market being the most impacted by the economic downturn.
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