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.
Research and development reveals new, climate positive sources, testing and environmental benefits.
American regulator, EPA, reveals document proposing total ban on four of five additives under the Toxic Substances Control Act which could impact lubes industry.
Lubrizol and Lanxess are amongst the latest lubes and additive suppliers to announce new product as the industry faces the challenge of rising development costs to meet the low-viscocity trend.
Michelin is planning to introduce wood into tyres and develop 3D printing technology in a move away from oil-based manufacture.
A group of major Chinese vehicle manufacturers and energy giants are working on the nation’s first lubricant specification for diesel truck engines.
Specialty lubricants could be revolutionised by a new water-based lubricant developed by Kluber Lubrication.
BASF, Afton and Fuchs are investing in growth across the region
Premier lubes brand Castrol markets Hysol SL 35 XBB fluid in China
British additives leader expands operations in a key market