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The global passenger car motor oil (PCMO) market is on the cusp of significant change due to many emerging technologies. The growth in electric and plug-in hybrid vehicles has the potential to reduce the consumption of PCMO. As ride sharing becomes more widespread, reliable, and economical, future vehicle owners may decide to forego vehicle ownership.
The reason for the steady growth of natural gas consumption, and subsequently, its production, can be attributed to multiple factors. In addition to the conditions of the global economy, crude oil prices, ease of installations of clean energy sources, availability of natural gas in regions with high demand, monetization of natural gas, and global trade
Synthetic lubricants remain the industry’s sweet spot. Estimated to increase at a CAGR of 7.4% between 2020 and 2025, full synthetics are outpacing the overall market growth and making this product segment the focus growth area for most lubricants suppliers. Semi-synthetics are poised to grow at a slower pace, albeit a solid one. The traditional factors including ever-stricter emission regulations, fuel economy requirements, and
Access our recorded session with Kline’s VP of Energy, Yana Wilkinson, who was holding a discussion on how the fast-evolving theme of sustainability is influencing the decarbonization of the lubricants value chain. During this session, Annie Jarquin, Director at Energy practice and the host, selected the most pressing and interesting questions asked during the webinar
The lubricant additives supply chain already faced a trying year in 2020, and 2021 hasn’t started out much better. Initially, COVID-19 shut down non-essential manufacturing and travel, greatly reducing finished lubricants demand and, consequently, additive demand. This was softened by lubricants marketers continuing to blend finished product and fill their warehouses in the event that
Where will the PCMO market be in 2040? We have an idea… While PCMO demand growth is expected to remain positive in some developing countries, the combined PCMO demand in 15 select countries analyzed in Kline’s PCMO 2040 study shows negative rates over the forecast period. This is directly linked to the increase in EV
Kline Energy Reflections Under a Minute We may be in the final stages of ICE oil specifications upgrades by industry bodies ILSAC, API, ACEA, and JASO. The recent release of ILSAC GF-6 in 2020 took eight years, and an interim specification of ILSAC GF-5 Plus was needed to be issued to protect engines until GF-6
Since the onset of coronavirus in early 2020, the base oil business has been thrown into disarray. While crude oil prices have increased modestly, with Brent around $55/Bbl in February 2020 and now in the low $60 range, base oil prices have mushroomed. In February 2020, European Group I export spot prices were in the
The global basestock market felt a colossal impact on demand and supply as a result of the COVID-19 outbreak, and brightstocks were no different. Per Kline’s analysis, the brightstock demand declined by approximately 7.5% in 2020 compared to the demand registered in 2019. While the global market was impacted by demand shock during the initial period of COVID-19, the latter phase witnessed supply shock as well, since brightstock supply was in a deficit. This was a result of low basestock production, especially for Group I (including brightstocks), because of unfavorable refinery economics. Due to
Access this webinar to learn about: Green Hydrogen market analysis: – The breakthrough of the Green Hydrogen economy – Description of the technology – Some background information about EU carbon neutral targets, and financial support – Hard-to-abate decarbonization end use
