The road to a German Green Party win may be filled with electric vehicles — ironically, due to Merkel’s pulling the plug.
Following its surprisingly strong showing in the nation’s recent parliamentary election — it achieved its best results ever in a national election, garnering almost 15% of the vote — the Party stands a high probability of becoming part of Germany’s new government coalition.
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Lubricant demand in Argentina was negatively affected by the recession continuing into its third year, as well as the pandemic. In addition, the decline in automotive sales and oil and gas production have offset growth that was being driven by other factors. However, the finished lubricants market in Argentina is estimated to increase at a compound annual growth rate (CAGR) of 2.9% between 2020 and 2025 to reach 209.4 kilotonnes, according to Kline’s just-published analysis. What are the five key drivers of this impressive outlook?Continue reading
China’s lubricants market is projected to increase at more than 1% CAGR until 2025, with gains caused by growth in premium lubricants as the country modernizes at a breakneck pace. The finished lubricants demand growth in the country has traditionally followed GDP growth. Thus, the current positive projections should drive a healthy rebound in China’s overall lubricants market. China’s GDP growth had slowed before the onset of COVID-19, although it was still a healthy +6.1% in 2019. Economic growth declined due to the pandemic, but the country’s economy was still the only major economy to achieve positive growth in 2020, increasing by 2.3%. Growth is estimated to be 8.4% in 2021 as the economy rebounds, and more normal rates should be achieved thereafter.
Passenger vehicle OEMs were among the first to be affected by chip shortages at the end of last year. Continuous shortages have various impacts on the auto industry as well as the PCMO market. To learn about Kline’s point of view on the extent of the impact on the lubricants market, download the file by clicking the image below.Continue reading
The global passenger car motor oil (PCMO) market is on the cusp of significant change due to many emerging technologies. The growth in electric and plug-in hybrid vehicles has the potential to reduce the consumption of PCMO. As ride sharing becomes more widespread, reliable, and economical, future vehicle owners may decide to forego vehicle ownership. The breakthrough of technological disruptors will result in a realignment of the market’s structure, with implications across the PCMO value chain. Autonomous vehicles still have a long way to go in terms of everyday use, but they may eventually find use in select applications, thereby impacting PCMO consumption.
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The reason for the steady growth of natural gas consumption, and subsequently, its production, can be attributed to multiple factors. In addition to the conditions of the global economy, crude oil prices, ease of installations of clean energy sources, availability of natural gas in regions with high demand, monetization of natural gas, and global trade logistics play a key role in shaping the consumption of natural gas. However, the primary driver for the natural gas market is environmental consideration.
Synthetic lubricants remain the industry’s sweet spot. Estimated to increase at a CAGR of 7.4% between 2020 and 2025, full synthetics are outpacing the overall market growth and making this product segment the focus growth area for most lubricants suppliers. Semi-synthetics are poised to grow at a slower pace, albeit a solid one. The traditional factors including ever-stricter emission regulations, fuel economy requirements, and industry engine oil specifications continue to be key drivers. However, many new developments have been shaping the industry.
Access our recorded session with Kline’s VP of Energy, Yana Wilkinson, who was holding a discussion on how the fast-evolving theme of sustainability is influencing the decarbonization of the lubricants value chain. During this session, Annie Jarquin, Director at Energy practice and the host, selected the most pressing and interesting questions asked during the webinar and discussed them with Yana.Continue reading
The lubricant additives supply chain already faced a trying year in 2020, and 2021 hasn’t started out much better.
Initially, COVID-19 shut down non-essential manufacturing and travel, greatly reducing finished lubricants demand and, consequently, additive demand. This was softened by lubricants marketers continuing to blend finished product and fill their warehouses in the event that their plants were also shut down. helped ease some of the impacts of shutdowns and restrictions faced by additive manufacturers, but it also threw off their forecasting.
