Volume 4 Issue 28
Lubricant additive sales volumes in the United States rebounded in May after retreating the previous month, according to statistics released recently by the American Chemistry Council. The decline in April was part of a two-month setback for the broader specialty chemical sector stemming from severe winter weather.
Brazil’s base oil production in May increased 121%, compared to the same month in 2020, and was also up 19% from May 2019, which could suggest a trend toward pre-pandemic monthly production numbers.
Motor oils and filters were among the fastest growing automotive aftermarket categories online in 2020 in the United States, as the pandemic altered the do-it-yourself landscape last year and through May this year, according to a market analysis and business intelligence firm.
WD-40 reported net income of $21 million for the quarter ending May 31, a 45% increase from a year earlier, while net sales for its maintenance products group also rose 45% year-on-year to $127.4 million in 2021. The company cited a recovery from the early stages of the COVID-19 pandemic for its improved sales.