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The global wind energy market has witnessed tremendous growth in recent years due to the need for clean, low carbon emitting energy produced from renewable sources. Governments around the world have enthusiastically supported the wind energy industry, but whether they can continue to do so in the current economic environment is an open question. Join
As a logistical consequence of China’s vast exporting, manufacturing facilities tended to be coastal; however, in an effort to offset declining exports, China is increasingly shifting to a domestic consumption-driven economy and investing significant resources in developing infrastructure within the country’s interior thus encouraging companies to expand and establish a presence to service what were until recently low priority domestic needs. This realignment affords both opportunities and challenges.
The economic rollercoaster ride of the past three years has generated a debate on the nature of lubricant demand and its growth in context of economic growth. Does lubricant demand growth track GDP growth rate? Can we define a relation between GDP growth and lubricant growth? Has the lubricant market grown at all in the last 10 to 15 years?
Historically, the U.S. East Coast (Atlantic region), led by New York, dominated trading activities with other nations.
This certainly had an impact on the local economy in terms of growth in related industries such as shipping, trucking, railroad, and other such industries which resulted in the growth of marine engine oils, railroad engine oils, and HDMOs.
We may now see a shift in trade on a similar scale, with the U.S. Gulf Coast, led by Houston, New Orleans, and other ports in the region being the beneficiaries. A potential game changer, as announced by the Wall Street Journal, is the $5.25 billion widening of the Panama Canal scheduled to be completed in 2014. (Read more…)
Global lubricant demand has seen some recovery in 2010 after registering a significant decline of 8.4% in 2009 over the previous year.
Kline’s energy market expert Geeta Agashe will provide an overview of the lubricants market in India. India has been the third largest lubricant consuming market in the world in 2009. Along with China, it is expected to
