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U.S. oil market, 1.3% average annual growth rate of recovery
 

In the period 2004-2009 experienced an average annual decrease of 5% of the pain of the United States after 2010 to-2014 average annual oil demand will grow at a rate of 1.3%, to U.S. oil demand in 2014 will reach 2.25 billion gallons the market price value of $ 22,000,000,000.

    Freedonia Group, said U.S. oil demand next few years the main reason for a reversal from the motor vehicle production and increased use will support the growth in demand for automotive lubricants. In addition, the industry's recovery will boost demand for industrial lubricants. However, the overall level of oil consumption can not reach the level before the recession, mainly due to long-period high-performance synthetic lubricants for extended application (lubrication) oil phase, thereby reducing the actual consumption of oil.

    The report shows that in 2009 the engine lubricating oil to the United States accounted for about over 50% of total demand. With the economic recovery, the United States began a strong rebound in motor vehicle production, which will stimulate plant growth in demand for engine oil filling, but overall, the U.S. market will continue to be high-performance engine oil synthetic lubricants to extend the limits of oil change. In addition to engine oil, the oil industry is another major U.S. oil demand market. Stimulated by the recovery in industrial manufacturing, industrial oil demand is growing rapidly.

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