The Indian lubricants market remains one of the growth prospects in an otherwise flat global market; however, it has its own set of challenges. The year 2019 was significant for the Indian economy—the general election saw the incumbent government getting mandated until 2024, thereby providing political stability. However, the slowdown in the global economy has caught up with the Indian economy, as it consistently registered downward revisions in its economic outlook. This directly impacted automobile production, which contracted by 10%-12%, with the most severe shrinkage observed in commercial vehicles production. This had an immediate impact on first-fill demand; a cascading effect on the service-fill market is anticipated.
There’s nothing pretty to say about this: The U.S. cosmetics and toiletries market is on track to experience the sharpest decline ever recorded in the 60+ years Kline has been tracking the market due to the COVID-19 pandemic. So far, the 0.8% drop in 2009 during the last recession is the biggest market dip ever reported by Kline. The only other time Kline noted a market decrease was a 0.3% falloff in 1991 amid another recession.Continue reading
An increasing number of consumers opt for food and beverage products that they perceive to be “clean” or “natural.” Gluten-free, non-GMO, no artificial colors, organic, grass-fed, and preservative-free are claims consumers pay attention to in their quest for cleaner, greener living.Continue reading
The market of metalworking fluids is among the stronger avenues of the lubricants industry. However, it is currently witnessing significant change arising from shifting HSE regulations, changes in machining technology and materials, a reversal of offshoring to low-cost locations, and growth in additive manufacturing. Demand growth also remains weak, partly due to the slowdown in China and the overcapacity in many end-use industries including steel, with an increase of 0.2% in 2019 compared to the previous year. However, growth differs from one country to another.
Social media’s latest trend is permanent makeup, as professionals and consumers alike show off the long-lasting results and various services available. Kline’s upcoming Permanent Makeup: U.S. Market Brief study forecasts strong growth in the segment, largely driven by influencers on social platforms but also supported by innovative services, an increasing number of estheticians, and a surge in independent technicians undergoing training to offer these services.
This webinar will provide an overview of the Indian lubricants market, focusing on key trends, competition landscape, future developments, challenges, business opportunities, and major suppliers. It will assist to explore market opportunities and challenges for lubricant blenders and marketers, baseoil marketers, and additive companies.
The webinar will assist wax producers, blenders, marketers, and other market participants in identifying the opportunities and challenges within the industry. It will also help to answer some common questions and help the participants understand the forces in the wax business as well as the recent developments that are driving the global wax market.
COVID-19’s short–term impact is, without question, greater than the 2008/09 recession. Will the industry’s post-pandemic performance mimic that of the previous “New Normal”?
Salons, along with all other non-essential businesses, will be closed throughout much of the United States for weeks, if not months, to come. While some stopgap and entrepreneurial measures are in place to help stave off business closures (e.g. DIY salon services/kits; virtual and mobile stylists), the economic impact is already significant and, like the pandemic itself, has yet to reach its peak. If the vast salon closures are in place even for only one month, the loss in industry service revenues will be an estimated $5.5 billion. With a recession beginning, consumer behavior and spending in 2020 will shift even more dramatically than it did in 2009.
The market for sustainable or “green” cleaning products among commercial end users has been growing, and increased regulations by states are expected to continue to drive interest and sales of these products. Sustainable cleaning includes professional cleaning products made with renewable, biodegradable ingredients that are not tested on animals, do not contain harmful ingredients, and are sold in recyclable packaging. These products often carry certifications from third parties that validate these claims. Continue reading
Increasing by a robust 21%, dipping powders continue to be the key driving force behind the healthy growth of 7% registered in the global professional nail care market in 2019, with demand expanding beyond North America into new regions like Europe and Asia. North America continues to be the leading region and shows a dynamic year as major companies introduce dipping powders as part of their permanent portfolio.