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 recently, the emerging geopolitical situation has had a cascading effect on the global economy, leading to high inflation and interest rates, simultaneously creating an uncertain trade environment. All of these events invariably have impacted the demand for finished lubricants, contributing to the inherent changes that the lubricants and basestocks market had already been witnessing—a shift toward better-quality lubricants and the increasing use of high-performance basestocks, reducing the need for lubricants. Continue reading
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.
Kline is ready to take major steps toward reducing our carbon footprint – and eventually arriving at a net-zero destination. Continue reading
Protecting the environment has taken on global urgency, with the world increasingly focused on sustainability efforts. This has driven demand for global biopesticides, biostimulants, and biofertilizers.
The quality of used oil is improving — a positive for both the lubricant industry and the environment. The lubricant industry’s shift toward higher-quality base oils, such as Group II and III, results in higher-quality used oil generated at the end of its service life. This, combined with better collection practices and infrastructure, gives rise to better-quality feedstock for re-refineries and improved re-refined products. At the same time, driven by the global focus on sustainability and a circular economy, interest in used oil is growing, especially with regard to re-refining it to base oils.
With the electrification of commercial fleets gathering increasing momentum, driven by market pull, sustainability initiatives, and regulatory support — and the same thing true for other transformative forces such as telematics and digitalization — the HDMO (heavy-duty motor oil) industry is in transition. Although these and other advancements have the potential to substantially reduce the consumption of HDMO, we expect to see a host of new market opportunities arise.
Salons and spas, in an effort to become more eco-conscious and offset their emissions, are partnering with companies that offer salon recycling solutions — and are recovering nearly 100% of their beauty waste in the process. With the salon industry churning out roughly 421,000 pounds of waste per day, we’re not just talking about a few empty shampoo bottles.
Sustainability is a critical global initiative, currently representing one of the key business drivers within the energy sector. Environment, Social, and Governance (ESG) standards are expected to have a profound impact on the operations and business practices of enterprises worldwide. To achieve their sustainability goals, companies across a wide range of industries will institute operational measures and decarbonization technologies.
Innovation and expansion are the two key strategies adopted by leading players to grow and sustain in the plant-based meat market. Furthermore, plant-based meat analog producers are strengthening their sustainability goals by making stronger commitments to reduce their carbon footprints and promote more sustainable food alternatives. Here are some of the most dominant plant-based meat analog producers: Continue reading
weDo Professional is a new eco-ethical salon hair care brand offering a range of vegan and cruelty-free products in 100% recyclable packaging. This brand is already present in markets such as Austria, Switzerland, Spain, the Nordics, and Germany and is expected to roll out in other major European markets during 2021. For additional brand insights, follow our Salon Hair Care Global Series report.