Navigating Trends in the Commercial Genuine Oil Market
The ongoing evolution in the automotive industry is also creating new drifts and opportunities in the commercial genuine oil market.
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The ongoing evolution in the automotive industry is also creating new drifts and opportunities in the commercial genuine oil market.
The global wax industry saw a strong recovery from the COVID-19 crisis; however, it was accompanied with high volatility, both on the supply side and in key wax applications. The supply of waxes experienced changes as several wax-producing Group I base stock refineries closed down during the period from 2020 to mid-2023, while synthetic wax suppliers expanded their capacities.
The accelerated transition to electric mobility is driving lubricants and fluids demand in passenger vehicles. However, performance requirements for the various fluids consumed in electric vehicles (EVs) are significantly different from those used in conventional internal combustion engine (ICE) vehicles.
The pharmaceutical and nutraceutical markets are exhibiting increasingly disparate dynamics and require different success strategies. As excipient suppliers continue to look for growth opportunities while tackling industry challenges, it is crucial to understand the market segments.
While esters are common in end-use applications such as paints and coatings, adhesives and sealants, construction, food and beverages, and personal care, new applications such as Li-ion batteries are emerging and are expected to drive significant demand for esters in the future.
Overall finished automotive and industrial lubricants demand reached 39 MT in 2022 but is still below pre-pandemic 41 MT in 2019.
Surfactants have a wide range of industrial applications beyond cleaning and personal care—which get the most attention—including food and beverages, paints and coatings, crop protection, oilfield and mining, and lubricants.
The North America lubricants market offers diverse opportunities across all markets, sectors, and product categories if marketers look closely.
The increasing government investments, sustainability drives, and flourishing e-commerce influencing packaging/paper and adhesives industry are creating growth opportunities for synthetic latex polymers in Southeast Asia and the Middle East.
Findings from our soon-to-be-published survey, with over 1,500 U.S homeowners, show that 44% of respondents lean toward green pesticides, while 31% said they either prefer traditional pesticides or they tried green products and then discontinued use.
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