DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/bpwxkn/china_lubricant) has announced the addition of the "China Lubricant Industry Report, 2012-2015" report to their offering.

After several decades of development, China has become a leading lubricant producer and consumer, with the average annual output growing by 8.4% between 2006 and 2010, far higher than the global growth rate of 1.4%. However, directly stricken by the 2011 European debt crisis as well as inflation, China's automotive and machinery manufacturing industries suffered severe setback, causing the slowdown of growth or even negative growth in the output and demand of lubricant in China. In 2011, the lubricant output of China declined by 3.6% year-on-year to 8.262 million tons, and the apparent consumption dropped by 3.5% year-on-year to 8.493 million tons.