Welcome!

Weblogic Authors: Yeshim Deniz, Elizabeth White, Michael Meiner, Michael Bushong, Avi Rosenthal

News Feed Item

Kline Research Shows Industrial Fluids Rebound in North America

Resurgence in U.S. Manufacturing Drives Growth in Metalworking Fluids; Continued Strong Demand for Industrial Oils Expected in Asia

PARSIPPANY, N.J., Aug. 1, 2011 /PRNewswire/ -- The North American market for industrial oils and fluids is showing promising signs of post-recession recovery with overall consumption volume up 11% in 2010 over the previous year, according to the latest report Opportunities in Lubricants: North American Market Analysis by worldwide consulting and research firm Kline & Company. Likewise, the global market for metalworking fluids is expected to increase by a CAGR of 2% through 2015, according to the Kline's Metalworking Fluids 2010 Global Series: Market Analysis and Opportunities.

With U.S. car and light truck manufacturing up some 2.1 million units in 2010 from a recessionary low of just 5.7 million in 2009, all indications point toward an 8.5 million unit production for 2011. This upward trend is expected to drive increased consumption in metalworking, hydraulic, and other industrial oils and fluids over the next few years.

In addition to gains in the transportation equipment industry in the United States, the growing adoption of alternative energy technology is driving demand for synthetic lubricants like gear oil and greases on a global scale, and global trade is fostering increased demand for marine engine oils, and related compressor fluid and hydraulic fluids for the marine transportation market. The study also finds growing opportunities for synthetic food grade lubricants, such as gear oil, white oils, grease, and compressor and refrigeration oils.

"The resurgence in manufacturing is a welcome change for lubricant marketers, particularly specialty suppliers who cater specifically to those industries that were hit the hardest by the downturn, such as automotive and construction equipment manufacturers," said Milind Phadke, Industry Manager with Kline's Energy Practice. "Many companies focus on niche applications, leveraging their technical expertise and flexibility to offer specific formulations to meet their customers' needs. Now that things are beginning to turn around, they will likely see a renewed demand for these specialized services as manufacturers look to optimize production."

While the North American markets have only recently rebounded from a deficit, demand for metalworking fluids in Asia continues to grow at a healthy rate, sustaining an average 3.3% annual growth rate over the last three years. The continued vitality of the Chinese and other regional manufacturing industries has spurred consumption of metalworking and other industrial fluids across all categories.

Meanwhile, in Europe, metalworking fluid demand has dropped off 1.8% over the past three years, but the loss has been tempered to some degree by the strong manufacturing recovery in Germany and Russia, where exports to Asia and internal demand respectively have buoyed consumption.

With global growth of metalworking fluids forecast at 3% through 2015, Kline's research indicates regional growth is expected to hit 5% in Asia, 2% in North America, and 1% in Europe, bringing this market back into the black for the first time since the recession began two years ago.

Kline's Metalworking Fluids 2010 Global Series: Analysis and Opportunities provides an accurate, independent overview of the industry addressing key trends, opportunities and threats on a worldwide basis and by geographic region for the Americas, Europe, and Asia. Volume III: Industrial Oils and Fluids 2010 in Kline's Opportunities in Lubricants: North American Market Analysis series provides continuing analysis of the products, markets and distribution in the United States, Canada and Mexico to offer subscribers up-to-date information on consumption, products, and suppliers.

Given the recent shifts in the global industrial oils and fluids market, Kline is launching Global Industrial Oils and Fluids 2012: Market Analysis and Opportunities, a complete overview and analysis of the diverse end-use industries and products that make up the industrial oils and fluids market.

About Kline
Kline is a worldwide consulting and research firm dedicated to providing the kind of insight and knowledge that helps companies find a clear path to success. The firm has served the management consulting and market research needs of organizations in the chemicals, materials, energy, life sciences, and consumer products industries for over 50 years. For more information, visit www.KlineGroup.com.

For more information, contact:

Vera Sandarova
Marketing Communications
+420-222-316-282
[email protected]

SOURCE Kline & Company

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.
JETRO showcased Japan Digital Transformation Pavilion at SYS-CON's 21st International Cloud Expo® at the Santa Clara Convention Center in Santa Clara, CA. The Japan External Trade Organization (JETRO) is a non-profit organization that provides business support services to companies expanding to Japan. With the support of JETRO's dedicated staff, clients can incorporate their business; receive visa, immigration, and HR support; find dedicated office space; identify local government subsidies; get...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, we provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading...
If a machine can invent, does this mean the end of the patent system as we know it? The patent system, both in the US and Europe, allows companies to protect their inventions and helps foster innovation. However, Artificial Intelligence (AI) could be set to disrupt the patent system as we know it. This talk will examine how AI may change the patent landscape in the years to come. Furthermore, ways in which companies can best protect their AI related inventions will be examined from both a US and...
The challenges of aggregating data from consumer-oriented devices, such as wearable technologies and smart thermostats, are fairly well-understood. However, there are a new set of challenges for IoT devices that generate megabytes or gigabytes of data per second. Certainly, the infrastructure will have to change, as those volumes of data will likely overwhelm the available bandwidth for aggregating the data into a central repository. Ochandarena discusses a whole new way to think about your next...
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...
Bill Schmarzo, Tech Chair of "Big Data | Analytics" of upcoming CloudEXPO | DXWorldEXPO New York (November 12-13, 2018, New York City) today announced the outline and schedule of the track. "The track has been designed in experience/degree order," said Schmarzo. "So, that folks who attend the entire track can leave the conference with some of the skills necessary to get their work done when they get back to their offices. It actually ties back to some work that I'm doing at the University of ...
DXWorldEXPO LLC, the producer of the world's most influential technology conferences and trade shows has announced the 22nd International CloudEXPO | DXWorldEXPO "Early Bird Registration" is now open. Register for Full Conference "Gold Pass" ▸ Here (Expo Hall ▸ Here)