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Sales of floor care products have started to rebound in 2021 and 2022 after experiencing sharp declines in 2020. On the contrary, sales of hand care products came down slightly in 2021 and are expected to continue this path. Similar shifts occurred within specific end users. In general, healthcare facilities have seen increased demand for
This article originally appeared in the Society of Tribologists and Lubrication Engineer’s September edition of TLT magazine
The global finished lubricants market has been going through a phase of uncertainty, with a multitude of factors hampering its growth outlook. Several years ago, some countries faced a sovereign debt crisis, which cast a shadow on the global economic environment. Thereafter, the outbreak of the COVID-19 pandemic forced the world into a recession. More
After successfully adjusting to shifts in technology and formulation approaches, the lubricant additives industry is facing yet another challenge: the rapidly rising electric vehicle (EV) lubricants segment.
The U.S. finished lubricants market rebounded from COVID-19 and experienced a strong recovery in 2021, with volumetric demand reaching 97% of the 2019 level.
The overall electric two-wheeler parc may be minuscule, at 1% of the parc in Asia-Pacific, Europe, and the Americas, but it’s expected to grow exponentially and reach a share of 4% by 2026. The reason: COVID-19.
LATAM’s lubricants market is recovering from the COVID-19 crisis and nearing pre-pandemic volumes, but further growth will differ depending on the lubricants segment itself.
Two representatives from Kline’s Energy practice have grudgingly returned to our headquarters in New Jersey after spending three days at the STLE’s 76TH annual meeting and exhibition at the Walt Disney World Dolphin Resort in sunny Orlando, FL.
Cosmoprof Bologna returned with an in-person edition connecting more than 2700 exhibitors from 70 countries with over 220,000 visitors from 140 countries. Even the absence of Chinese and Taiwanese professionals due to the COVID-induced restrictions still in place in the countries could not shake these numbers.
The natural gas engine oil (NGEO) market is projected to grow at almost a 4% CAGR out to 2026, driven by the global shift toward renewable energy that’s been accelerated by the Russian/Ukraine war.
