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INCREASING ON-HIGHWAY ACTIVITY PROFFERS GROWTH OPPORTUNITIES IN NORTH AMERICAN COMMERCIAL AUTOMOTIVE LUBRICANTS MARKET Commercial Automotive Lubricants Unveil Opportunities Amid a Declining Automotive Lubricants Market in North America The commercial automotive lubricants segment in North America emerges as a bright spot in an overall declining automotive lubricant market. After experiencing a slow but positive trend during the post-recession years, the North American automotive lubricant demand has been decreasing, particularly over the past two to three years. This downtrend is principally driven by the contracting demand in consumer lubricants segment due to increasing penetration of long drain interval synthetic engine oils. Amid a declining automotive lubricant market, the commercial automotive lubricants segment is experiencing growth, driven by growth in commercial activity in North America. North American Demand for Automotive Lubricants, 2017

10% 11%

8% 11%

Consumer automotive lubricants

UnitedaStates Mexicob Canadac

Commercial automotive lubricants

81% 79%

“The commercial automotive lubricants segment in North America emerges as a bright spot in an overall declining automotive lubricant market. � www.klinegroup.com

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Kline Perspectives 2019