Lubricants industry innovations

1. Margin growth

2. Future research

2.1. Electric vehicles

2.2. Market growth in value terms

2.3. Slight volume growth

2.4. Car sharing

2.5. battery technology

3. Other

3.1. rapidly growing algae and turning them into high-quality lubricants

3.2. “Lubrication as a service”: customers to pay for performance instead for a product

4. Future Trends

4.1. Digitalization

4.1.1. Simulation/ Modelling

4.1.2. Sensor Techniques

4.1.3. Big Data

4.1.4. Business models

4.2. 3D Printing

4.2.1. Aerospace Industry

4.2.2. Car manufacturing

4.2.3. Medical engineering

4.2.4. Steel Industry

4.3. Sustainability

4.3.1. Raw materials availability

4.3.2. New sources and synthesis paths

4.3.3. Independence of mineral oil

4.3.4. Reduction of CO2-foot print

4.3.5. Environmental acceptable

4.4. E-Mobility

4.4.1. Impact on the industrial and automotive application

4.4.2. New requirements for lubricants

4.4.3. Autonomous Driving

5. Requirements

6. New categories

7. Evolving consumer trends

7.1. Growth in APAC

7.2. Bio-based lubricant

7.3. Not selecting lubricants solely on film strength

7.4. Judicious use of premium and synthetic lubricants

7.5. Energy-conserving and environmentally friendly lubricants

7.6. Replacing grease with oil in mission-critical applications

7.7. Dumping economy formulations

7.8. Additive reconstruction

7.9. Smart filter carts

7.10. More focus on a lubricant’s air-handling ability

7.11. The database in your filter

7.12. Reporting the RUL (Remaining useful life)

7.13. Grease sampling and analysis

7.14. Online sensors and real-time monitoring

8. Advantages

9. Supply chain trends

9.1. Volatility of raw material price

9.2. Lubricant expiration dates

9.3. Graphical lubricant tagging

10. Advance technology initiatives

11. Covid 19 impact

11.1. Lack of supply