VLS maintains watchful eye over lubes products marketing claims.
Tag: Lubes marketing
The lubricating oil additives market is set to rise by more than $2bn by 2026 according to a new report, potentially driven by increasing demand for renewable energy. Asia Pacific is the fastest growing additives market globally.
Covid, a global chip shortage and the green hydrogen economy have seriously impacted the lubes industry.
Passenger vehicle technology must adapt quickly to the challenge of a growing car market and the urgency of climate change according to Lubrizol.
A court in the Hague has ordered Shell to cut carbon emissions by 45% by 2030 while Exxon Mobil and Chevron see major internal changes.
Lastest lubes packaging from Shell and Castrol continue drive towards sustainable product containers.
The first Quarter of 2021 saw a significant bounce-back for pandemic-hit oil majors as earnings increased and debt was reduced. Investments in renewable and low-carbon technologies appears to be the focus for the future.
While there is a will to reduce CO2 emissions in Europe, industry and environmentalists are lobbying for more investment in infrastructure to make it possible.
Developments in lubes for electric vehicles continue apace despite consumers being slower to adopt than business buyers.
The global automotive aftermarket sector is predicted to show exponential growth over the next five years, despite the short-term effects of the COVID pandemic. For most analysts, e-commerce is the route to success.