by Suzanne Kingsbury | Nov 4, 2024 | Economy, Environment
The electric vehicle (EV) market is growing. From 2020 to 2023, their share of total sales grew from 4% to 18%, and as early numbers roll in, experts estimate that 17 million EVs will be sold in 2024 alone. With increased adoption, there is also an imperative for...
by Jim Donohue | Apr 2, 2024 | Product Applications
The amount of data used every year is growing incredibly quickly. In 2013, the world used about 10 zettabytes (a zettabyte is a million million gigabytes) of information. By 2025, that number is predicted to grow to as much as 180 zettabytes. Advances in data-driven...
by Jim Donohue | Mar 15, 2024 | Product Applications
In 2022 the grease industry’s international value was estimated at $3.7 billion, and by 2029 this number is expected to reach $4.7 billion. This tracks closely with the projected increase in volume, especially in the Asia-Pacific region, from 2.62 billion liters in...
by Jim Donohue | Aug 1, 2023 | Product Applications
The internal combustion engine (ICE) is starting to give way to electric vehicles (EV) in terms of market share, and specialty oil suppliers are watching the shift closely. Oil suppliers have long provided base products to lubricant makers. Now, the industry is...
by jim newell | Dec 1, 2022 | Economy, Product Applications
Analysts see the writing on the wall for the fate of the internal combustion engine (ICE), causing passenger car and heavy-duty motor oil (PCMO/HDMO) makers and their base oil suppliers to consider the implications for the lubricant industry. It’s far too early for...
