Trends & Studies
Europe reported slightly lower grease production in 2019, according to a survey conducted by the United States-based National Lubricating Grease Institute.
The lubricant industry has been hit hard by the COVID-19 pandemic, and demand could remain depressed at least into 2022, threatening the survival of many suppliers, according to two speakers at a webinar last week.
Russian lubricant manufacturers are slashing investment, staff and marketing projects during the Covid-19 pandemic in favor of digital incentives, according to an industry survey.
There are signs of moderate recovery in May for passenger car registrations across the European Union, according to the latest data from the European Automobile Manufacturers Association.
Grease production in Russia rose 51 percent in 2019, continuing a four-year growth trend that has been boosted by a government-sponsored drive to replace imported goods with domestic alternatives, according to a market study.
Ukraine lubricant companies contended last week that they are facing a serious financial crisis because of a new base oil import duty that went into effect May 23.
A new report by market research company Data Bridge forecasts the food-grade lubricants segment will grow by 7.1 percent by 2027 to a value of U.S. $387.83 million, driven by increasing concerns about food safety and a growing population.
Fears that the market for aviation lubricants and greases in the Middle East is unravelling as a result of the Covid-19 pandemic are exaggerated, analysts say.
The share of vehicles in Russia that use American Petroleum Institute’s API SM or API SN motor oil categories increased in the last couple of years, a new market study found.
Passenger car registrations in the European Union dropped a record 76 percent in April to 270,682, compared to April last year, reflecting the first full month with Covid-19 pandemic restrictions in place, according to the European Automobile Manufacturers Association.