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The California Air Resources Board (CARB) — and areas following the Golden State’s footsteps — will likely ban new internal combustion engines (ICE) vehicles almost completely by 2035, but there are still plans by original equipment manufacturers (OEMs) to update their engine oil specifications. The reason?
After successfully adjusting to shifts in technology and formulation approaches, the lubricant additives industry is facing yet another challenge: the rapidly rising electric vehicle (EV) lubricants segment.
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
The dynamic lubricant additives market may appear stable with modest overall growth figures; however, these numbers mask the numerous changes impacting the additives industry. Regulations around emissions, fuel sulfur content, health and safety, and toxicity labeling are some of the main drivers of change in this industry. The global drive toward lower emissions and better
Gabriel Tarle, Senior Analyst in Kline’s Energy Practice will present insights concerning the global lubricant additives market at the upcoming CIS Base Oils and Lubricants Conference in Moscow, Russia. The conference will take place from May 24 to May 26. Furthermore, if the global lubricant additives market is of interest to you, feel free to
Global lubricant additive consumption exhibited moderate growth in 2015, estimated to have increased by 1.0% over 2014. This consumption is forecast to increase by 1.6% through 2019, with strong growth stemming from regions like Asia-Pacific, Africa, the Middle East, and South America, according to the recently published Global Lubricant Additives: Market Analysis and Opportunities report
Kline presents Energy Newsweek, a curation of energy news articles providing insights into the state of the global energy market; shedding light on trends and new events that are impacting the markets in which we have expertise.
Lower Production, Oil Prices To Drag Down Exxon’s Q4 Earnings
Energy savings with advanced lubricant for heavy industry
January Auto Sales Thaw Out And Rise, Forecasters Say
Shell China: Hyundai recommends Shell as preferred aftermarket oil supplier for another five years
