Stimulated by changing demand patterns, the global basestock industry is witnessing significant changes

Global Lubricant Basestocks
Global Lubricant Basestocks

According to the Global Lubricant Basestocks report, the basestock market registered a very small growth in 2016 over the previous year. While Group II and III basestocks registered good growth rates, Group I continued on a downward trajectory. The global basestock market is in the middle of witnessing substantial structural changes. These changes are stimulated by changing demand patterns due to evolving technological and environment requirements, as well as changes in the supply landscape. (more…)

Trends and Insights gathered from the CIS Base Oils and Lubricants Conference

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About the conference and impressions

The CIS Base Oils and Lubricants conference has gained significant traction since its start five years ago, becoming a highly recognized event within the CIS (Community of Independent States) region. The conference’s agenda is exclusively dedicated to the base oils and lubricants industries in Russia, Belarus, Ukraine, Kazakhstan, and other CIS countries; however, every year, the number of international guests increases, mainly from Western Europe, but also from the United States, India, China, etc. (more…)

Commercial Vehicles are Expected to Drive the Coolants Market in the United States

coolants
Opportunities in Coolants: Global Market Analysis

Written by Eric Pimenta and Pooja Sharma

In 2016, the total demand for undiluted antifreeze in the United States is estimated at nearly 620 kilotonnes. This represents an increase at a compound annual growth rate (CAGR) of 0.6% from the 2011 volume of about 600 kilotonnes.

The U.S. antifreeze market is essentially glycol-based, with mono-ethylene glycol (MEG) and propylene glycol currently being the two most popular base-fluids used for formulating antifreezes. With 84% of the total antifreeze market, MEG is the leading base-fluid type. (more…)

The Foreseeable Challenges of the Global Wax Industry

Wax, Petroleum Wax, Synthetic Wax, Natural Wax
Global Wax Industry: Market Analysis and Opportunities

Written by: Eric Pimenta and Pooja Sharma

The wax industry faces a future of changing wax supplies. While global wax demand is projected to grow at a compound annual growth rate (CAGR) of 1.5% until 2019, wax supply growth will be much slower at a CAGR of 0.4% during the forecast period. Despite a strong increase in the supply of synthetic and natural waxes, growth in the overall supply will not suffice to meet the rise in demand. (more…)

The Emerging Moroccan Consumer Automotive Segment Benefits from an Improved Economy and Modernized Vehicle Parc

Morocco finished lubricants, moroccan passenger car motor oil
Moroccan Consumer Automotive Segment

The total demand for consumer automotive lubricants in Morocco is an estimated 29 kilotonnes in 2015. The largest share of the demand comes from engine oils, including PCMO, PCDO, and 2T/4T, with a demand of over 70% of the total consumer lubricant volume. This is followed by gear oil with about 13% and grease and ATF with the remaining share.

(more…)

Regulations and Fuel Economy Norms Will Continue to Affect Fuel Additive Consumption

fuel additives,
Global Fuel Additives: Market Analysis and Opportunities

Written By: Eric Pimenta and Kunal Mahajan

According to the recently published Global Fuel Additives: Market Analysis and Opportunities report by global market research and management consulting firm Kline, global fuel additive consumption is about 820 kilotonnes in 2016. North America is the largest fuel additive-consuming region in the world due to its high fuel consumption for transportation, as well as supported by the mandated additive usage for gasoline in the United States.

Fuel additives are categorized into three key segments: blending, shipping, and storage, performance additives, and the aftermarket. (more…)

The Consumer Automotive Segment is Expected to Drive the Chinese Finished Lubricants Market

china finished lubricants, chinese lubricants
Opportunities in Lubricants: China Market Analysis

Written By: Eric Pimenta and David Tsui

According to the recently published Opportunities in Lubricants: China Market Analysis report from global market research and management consulting firm Kline, total consumption of lubricants in China is estimated at 7,000 kilotonnes, valued at an estimated USD 26 billion in 2015.

In China, the total consumption of consumer automotive lubricants in 2015 is estimated at 1,400 kilotonnes, valued at approximately USD 11 billion and forecast to grow 3.7% by 2020, with new passenger car sales growing 9.2% during the first half of 2016. This includes factory-fill for all product categories and greases. (more…)

Meet the New Normal: Bio-based Lubricants to Become More Prevalent in the Coming Years

Historically, bio-lubricants have constituted a small percentage of the finished lubricants market globally. The leading markets for bio-lubricants are primarily in North America and Europe, including the United States, Germany, and the Nordic countries.

In 2014, the market seemed to have tremendous potential. Now, in the early days of 2017, we are slowly witnessing the fruits of that potential. Government regulations and procurement seem to have created a demand for bio-based lubricants. However, it seems government initiatives alongside regulations and emergence of high performance basestocks are pushing the once niche segment to the forefront, albeit moderately. (more…)

South American Finished Lubricants Market: Time for Rebuilding

Sergio Rebelo addresses the audience at the 12th ICIS Pan American Base Oils & Lubricants Conference
Sergio Rebelo addresses the audience at the 12th ICIS Pan American Base Oils & Lubricants Conference

In a presentation at the ICIS Pan-American Conference held in December 2016, Sergio Rebelo, Managing Director in Kline’s South America affiliate, Factor, discussed the struggles and opportunities of the South American finished lubricants market.

South America has a population of 419 million and a continental GDP of USD 3.6 trillion, roughly 5% of the global total. The top countries in terms of GDP are Brazil, Argentina, and Colombia. Nonetheless, the region is undoubtedly experiencing a challenging economic climate. Projected growth has been cut in half since 2010 and is forecast to grow 2.5% per annum until 2020. (more…)