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If there were an award for strongest trending topics in 2021, semiconductors would be among the top contenders. Rightly so, considering their use in so many applications, such as automobiles, wireless communications, personal computers, servers, and electromedical and various other digital technologies. As the “smartness” quotient in end-use applications continues to climb, chip demand similarly
The economic and health crises of 2020 have caused energy market participants to refocus their attention on protecting the global ecosystem and regeneration — and now, the global wax industry is doing its part to move toward cleaner, sustainable, and circular products.
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? Where do the opportunities lie?
The interaction between the drive to sustainability and the lubricants industry can be classified into three themes. This article will discuss these themes and what opportunities and challenges they present to lubricants industry participants.
The manufacturing sector in the United States accounts for a shrinking share of the U.S. economy, a fact that is much rued by observers. The upheaval caused by COVID-19 has been a bitter pill to swallow for many manufacturers, who are now evaluating questions such as: How has U.S. manufacturing been impacted in 2020, and what will be the implications of the current situation in the short-term future? How will this impact the market for lubricants, base oils, and additives?
In July 2020, the EU announced its hydrogen policy to achieve a carbon-neutral economy. Several countries, including Australia and Japan, have issued such policies in the past. The EU policy is different in that it is more comprehensive and takes an integrated approach to reducing carbon footprints. The policy, issued as part of the EU’s
In its latest report, Kline forecasts volume growth in the global lubricants market to remain essentially flat for the foreseeable future. While that may have been expected, George Morvey, Kline’s Energy Industry Manager, says that what might be less apparent is how suppliers must look even more closely for key indicators of change to seize
A flat finished lubricant market, significant basestock capacity additions, and a pause in capacity shutdowns are the key factors that have been driving down margins for basestock suppliers. In such an overcrowded market, Kline Group’s Anuj Kumar looks at one industry event that might offer some respite. The shipping, refining, and other related industries have
Despite the fact that OEM genuine oils account for just 15% of the 7.3 million tonne global PCMO market, Kline’s Project Manager, David Tsui, outlines why, in a highly competitive market, this segment will experience strong growth, which will have repercussions for branded aftermarket lubricant suppliers. With margins on new car sales as low as
As natural gas production in the United States continues to grow, the benefits of reciprocating gas engines relative to gas turbines are being recognized in certain power generation applications. Sushmita Dutta, a Project Manager at Kline’s Energy Practice, explores the impacts this trend will have on the natural gas engine oil (NGEO) market. The U.S.
