With China’s slowing GDP, many changes and new economy sectors will play an increasingly important role in the country’s future economic growth. China’s economic structure is transforming from investment- and export-driven to consumption-driven, with manufacturing and growing domestic consumption. Its changing economic strategy will bring both opportunities and challenges to different end-use industries.Continue reading
We’re all familiar, I suspect, with U.S.-based warehouse operator Costco Wholesale Corporation and its extensive, trusted Kirkland Signature private-label line of products, such as gasoline, wine, spirits, cashews, laundry detergent, vitamins, beef hot dogs, and my personal favorite, funeral urns and caskets. When it’s time for Uncle Leo to meet his maker, send him out in style and on a budget in a Costco casket.
It is a known fact that the conventional lubricants market is projected to be flat to declining in the foreseeable future. To offset these declines and both maintain and grow their market share, businesses need to look for opportunities in various market segments, with synthetics being one of them. Sales of synthetic and semi-synthetic lubricants are projected to grow at a CAGR of 5.7% and 3.9%, respectively, between 2018 and 2023.Continue reading
Attend our live presentation led by George Morvey, Industry Manager of Kline’s Energy Practice, on Wednesday, December 11, 2019. This live webinar is based on Kline’s 17th annual assessment of the global lubricants industry, published in 3rd Quarter 2019. It will help you gain a general understanding of the current status of the global lubricants and synthetic lubricants industry.Continue reading
Growing environmental concerns and tightening fuel efficiency norms, as well as lubricant product innovations, are bringing changes to the North American consumer automotive lubricants market. While it has remained flat in the last five years, the market is now experiencing a fast change in the quality levels of lubricants. The consumption of synthetic and semi-synthetic products, particularly in the United States and Canada, is growing, resulting in extended average drain intervals for passenger vehicle lubricants. Continue reading
The global basestock industry continues to witness greater challenges. While the existing challenge of slow demand growth consistently outpaced by new supply creation persists, newer challenges in the form of alternate automobile technology, such as electric vehicles, are shaping the market landscape. On the other hand, the tightening fuel economy and emission regulations and original equipment manufacturers’ specifications are driving the use of high-performance basestocks. Attend this upcoming webinar on October 9 at 9 AM EDT to answer critical questions:Continue reading
The global lubricant basestocks market faces a bleak outlook. In the past, any new capacity created was accommodated by relatively faster demand growth and the corresponding shutdown of inefficient plants, but the situation has changed, affected by a reduction in finished lubricant demand growth.Continue reading
Lubricant quality continues to improve, driven by regulations for fuel economy and emissions control. China has released their China VI emission standard for 2021, and India plans to skip Stage V and jump directly to Bharat Stage VI emission standard by 2020. These factors create new business and growth opportunities and challenges for the lubricant additive industry. Join our live webinar on Wednesday September 25Continue reading