It is the only news agency on Bangladesh Lubricants Oil Market. It covers news, blogs, reviews, and reports on lubricants oil market. The communication strategy of lubricants oil market has the least reporting and market analysis. A shared platform for lubricants oil has developed to help the marketers to represent their business. This is how Towards Biz has created a dedicated platform for the lubricants oil marketers.
Bangladesh Lubricants Oil Market
In Bangladesh, the lubricants oil market is one of the rising markets. Many oil marketers are enjoying their lubricants business and more brands are entering this market. However, the market analysis on this industry has outlined few observations. It has found least reporting or proper knowledge on quality lubricating oil, which are the main reason for lagging behind this market.
In recent years, the power sector has got more attention to media because of the national agenda by the present govt. A brief analysis of the case studies and market insights has drawn the nature of the lubricants oil market in Bangladesh.
The lack of market research and the least reporting on this market might see as the limitations to its natures. These natures are limited to both communication and business strategy of the lubricants oil industry.
The number of oil marketers has been increased dramatically in Bangladesh. More lubricants oil brands are entering in Bangladesh market.
According to Bangladesh Energy Regulatory Commission, “Around 350 application has been filled to open LC for bringing abroad oil brands”
Local Oil Brand Making
Many local brands are being disparate to market their products deploying the toll blenders. It is a forthcoming peril for the existing popular lubricants brands. And the toll blending facility is an open barrel making policy which has created an opportunity for the local lubricants oil business.
However, it is more challenging for the new brands to cope up with this market situation, even to establish in the lubricants oil shelf.
The distributors, retailers, and garage mechanics are the key players in the automotive and mono-grade market. Market observation says the key lubricants oil brands also have to struggle to secure their market share. It is also a question how the brand value is working in this sales-driven market. Other quality brands are trying to take the market share.
In this backdrop, to establish a new brand in this market is quite hard. This market is yet to transform its business strategy. This is why Towards Biz has taken its birth to make this lubricants oil market more analyzed.