Rising Base Oil Demand of Bangladesh

Base Oil Market
Rising Base Oil Demand of Bangladesh

Sharing is caring!

In our country, the base oil demand is the highest thanks to increasing automotive sector and the agriculture-based economy. The growing motorization rate is the key to this demand which will, in turn, increase the demand for base oil.

The growing industrial sector requires a greater import of efficient machinery to be used in the factories. Various automotive vehicles in the transport sector require lubricants too, which come from base oil.

Therefore, the base oil demand is expected to witness steady growth in Bangladesh. And the market size is expected to increase due to these factors amid its economic growth.

The demand from the industrial equipment application also accounts for a major share of the total lubricants market and is driven by increasing number of investments in the end-user sectors such as power generation, manufacturing, logistics, automotive manufacturing and others.

In recent years, the growth of power sector has got publicized because of the national agenda, which has also highlighted the industrial lubricants market in Bangladesh.

Lubricant consumption in the industrial sector has increased significantly in the last 5 years. The industrial sector accounts for 30% of total lubricant consumption in Bangladesh.

Unfortunately, we are going backwards. When global base oils market is moving towards high-quality ones to meet the requirement of the modern machinery, around 60% engine oil products of our market is occupied by low-grade oils.

We know, these low-grade oils are produced from recycled base oil. Sometimes these are straight mineral base oil without additives, which form is strictly prohibited to market. But these are being sold and distributed freely in the country.

At the moment, the annual domestic base oil demand is around 140 million litres worth around $133 million.

The annual domestic consumption has got almost 3% yearly growths, which is on par with India but behind China.

However, the lack of market monitoring, the current status of the transport system, least reporting makes this market unnoticeable to the public.

So, this unnoticeable market now is a competitive one. Already, lubricant players have established their footholds here, with international brands.

Market insiders think lack of govt. intervention on the policy to monitor this trade make this market uncontrolled one. And it is high time to bring strong regulations to change this prevailing situation and help the industries and also protect the environment in the process.

Rising Base Oil Demand of Bangladesh


  1. When I originally commented I clicked the “Notify me when new comments are added”checkbox and now each time a comment is added I get several e-mails with the same comment. Is there any way you can remove me from that service? Bless you!

  2. Wow! This could be one particular of the most useful blogs We have ever arrive across on this subject. Actually Excellent. I’m also a specialist in this topic therefore I can understand your hard work.

  3. I enjoy you because of your entire efforts on this web site. My niece takes pleasure in getting into investigation and it’s really easy to see why. Most people hear all about the dynamic method you create worthwhile tips and tricks through this web blog and therefore improve response from other ones about this situation then our favorite daughter is now becoming educated a whole lot. Take pleasure in the remaining portion of the new year. You’re doing a wonderful job.

  4. I simply wanted to develop a simple comment to express gratitude to you for all the unique solutions you are showing here. My time intensive internet search has at the end been compensated with extremely good facts to talk about with my friends. I ‘d express that most of us visitors are extremely fortunate to exist in a fabulous site with so many perfect individuals with very helpful techniques. I feel extremely grateful to have come across the website and look forward to some more pleasurable minutes reading here. Thank you once again for everything.

  5. My husband and i felt so lucky when John managed to round up his researching through the entire ideas he discovered when using the blog. It’s not at all simplistic to simply happen to be giving out information and facts that many many people may have been making money from. And now we do know we now have you to give thanks to for this. All of the illustrations you’ve made, the easy blog navigation, the relationships your site aid to promote – it’s most impressive, and it is assisting our son in addition to our family imagine that this issue is exciting, which is quite vital. Thank you for all the pieces!

  6. I’m writing to make you be aware of what a fantastic discovery my friend’s princess had going through yuor web blog. She came to find many issues, with the inclusion of what it’s like to have an incredible helping character to get the others just master several very confusing topics. You undoubtedly exceeded her expectations. Thank you for showing those great, safe, educational and also easy tips on that topic to Ethel.

  7. I have to express appreciation to you for rescuing me from such a scenario. After researching throughout the world-wide-web and seeing advice which are not helpful, I believed my entire life was over. Living without the presence of approaches to the difficulties you’ve resolved all through the article is a serious case, and ones which might have in a negative way affected my career if I had not noticed your website. Your ability and kindness in playing with everything was crucial. I don’t know what I would have done if I had not encountered such a point like this. I can now look ahead to my future. Thanks very much for the expert and sensible help. I won’t think twice to endorse your web page to any person who should receive recommendations about this matter.


Please enter your comment!
Please enter your name here