| BRIC is an increasingly popular acronym which refers to the nations of Brazil, Russia, India, and China. These are the leading “emerging markets” representing great investment potential. The combined population of the four countries is approximately 2.8 billion, or about 40% of the global population. In terms of finished lubricant demand, BRIC accounts for over one quarter of global demand in 2009 and is expected to increase its share to nearly one third by 2013.
This FlashPoint report examines the economic
recession in the United States and its effects
on developing BRIC economies. It analyzes the
factors that led to the U.S. recession and its
interrelation with the economic scenario in the
BRIC countries. It provides an overview of finished
lubricant demand for 2009 for the region, country
market, market segment, and product category plus
Kline’s estimate for demand recovery and growth
beginning in 2010 through 2013. It provides timely
and useful insights and information for established
market players as well as new players considering
entry into this growing market. (F0903)
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