Latest news with #BPPlc
Yahoo
3 days ago
- Business
- Yahoo
Robotics Lubricants Market Size Expected to Surpass $14.25 Billion by 2031, Expanding at 11.0% CAGR from 2023-2031
The global robotics lubricants market share is experiencing significant growth, driven by the increasing adoption of automation across various industries such as automotive, electronics, food and beverage, and healthcare. Key players in the robotics lubricants market include Shell Plc, BP Plc, Miller-Stephenson Inc, Idemitsu Kosan Co Ltd, Fuchs Petrolub SE, Klüber Lubrication GmbH & Co KG, Schaeffler Austria GmbH, Chemie-Technik GmbH, Anand Engineer Pvt Ltd, and ASV Multichemie Pvt Ltd. US & Canada, June 02, 2025 (GLOBE NEWSWIRE) -- According to a new comprehensive report from The Insight Partners, the global robotics lubricants market is observing significant growth owing to the rising use of robots in various automation processes in the automotive industry. The report runs an in-depth analysis of market trends, key players, and future opportunities. The robotics lubricants market comprises a vast array of oils and lubricants that are expected to register notable market strength during the forecast explore the valuable insights in the Robotics Lubricants Market report, you can easily download a sample PDF of the report – Overview of Report Findings Market Growth: The robotics lubricants market is expected to reach US$ 14.25 billion by 2031 from US$ 6.93 billion in 2024 and is estimated to record a CAGR of 11.0% during the forecast period. The global market for robotics lubricants is driven by increasing demand from various industries, including automotive, manufacturing, and others. As industrial robots are crucial in the automotive material handling, welding, assembly, finishing, and palletizing, the growing automotive industry propels the demand for robotics lubricants. Increasing Demand for Robotics Lubricants from Automotive Industry: Several automakers globally are focusing on investing in increasing their automotive sales in developing countries. According to the Society of Indian Automobile Manufacturers (SIAM), in India, sales of passenger vehicles increased to 2,854,242 units in November 2023 from 2,409,535 units in November 2022. Rising Preference for Robot Greases in End-Use Industries: Robotics lubricants perform diverse operations in various industries. In the manufacturing industry, robotics lubricants are one of the key components that help machines operate with maximum reliability and at peak efficiency. Greases, hydraulic oils, and gear oils are used across several end-use industries, including automotive, electrical & electronics, food & beverages, logistics, and metal & machinery fabrication. Geographical Insights: The global robotics lubricants market is segmented into five regions—North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America. The Asia Pacific regional market is expected to register the highest CAGR during the forecast period. For Detailed Robotics Lubricants Market Insights, Visit: Market Segmentation Based on product type, the market is segmented into hydraulic oil, gear oil, and grease. The grease segment accounted for the largest market share in 2024. By base oil, the market is segmented into mineral oil, synthetic oil, and bio-based oil. The mineral oil segment dominated the robotics lubricants market in 2024. In terms of application, the market is categorized into joints and gears, bearings, drive chain and belts, reducers, and others. The joints and gears segment held the largest market share in 2024. Based on end-use industry, the market is segmented into automotive, food and beverage, medical and healthcare, electrical and electronics, metal, and others. The automotive segment accounted for the largest market share in 2024. Stay Updated on The Latest Robotics Lubricants Market Trends: Competitive Strategy and Development Key Players: Miller-Stephenson Inc, Shell plc, Fuchs Petrolub SE, BP Plc, Idemitsu Kosan Co Ltd, Chemie-Technik GmbH, Anand Engineer Pvt Ltd, Kluber Lubrication GmbH & Co KG, ASV Multichemie Pvt Ltd, and Schaeffler Austria GmbH are among the major companies operating in the robotics lubricants market. These players engage in several collaborations, mergers and acquisitions, geographic expansions, and other strategic investments to strengthen their market position. Trending Topics: Rising Women's Participation in Squash Global Headlines on Squash Balls Igus Announced Development Humanoid Robot with Self-Lubricating Plastic Components KUKA AG Developed HO Robots with Food-Grade Oils on All Axes FUCHS Lubricants Co. Announced a Price Hike of 8–12% for its Lubricant Additive Portfolio Purchase Premium Copy of Global Robotics Lubricants Market Size and Growth Report (2021-2031) at: Conclusion The robotics lubricants market is witnessing high growth due to the increased demand from various end-use industries. Robotics lubricants are extensively used in the manufacturing sector to boost productivity and economic growth, increase precision levels, lower the risk of contamination, and improve safety. In industrial applications, robots help decrease labor costs and ensure increased operational efficiency. The growth of the end-use industries, such as automotive and manufacturing, fuel the demand for robotics lubricants worldwide. The report from The Insight Partners, therefore, provides several stakeholders—including raw material suppliers, robotics lubricants manufacturers, and end-use industries—with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities. Talk to Us Directly: Related Reports: Us: The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials. Contact Us: If you have any queries about this report or if you would like further information, please contact us: Contact Person: Ankit Mathur E-mail: Phone: +1-646-491-9876 Home - in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
29-05-2025
- Business
- Time of India
BP's Castrol business draws interest from Reliance, Apollo and Lone Star
BP Plc's Castrol lubricant business is attracting interest from energy companies including Reliance Industries Ltd. and buyout firms such as Apollo Global Management and Lone Star Funds , according to people with knowledge of the matter. BP has sent out initial information to other potential bidders for the unit including investment firms Brookfield Asset Management and Stonepeak Partners, the people said, asking not to be identified because discussions are private. The business could fetch between $8 billion and $10 billion in a deal, the people said. The suitors would join the world's biggest energy company, Saudi Aramco , in considering bids for all or part of the business. The process is still in the early stages, with initial bids expected in several weeks, so price and outcome remain open, the people said. Some suitors could team up as well. Meanwhile, bankers are considering providing around $4 billion-equivalent of debt to back potential bids for the unit, according to people familiar with the matter. The financing is expected to be denominated in different currencies including euros and dollars to maximize liquidity, and will possibly be made up of leveraged loans and high yield bonds, they added. It is one of the few buyout financings expected to hit the market this year and is likely to garner attention from bankers looking and investors alike. As part of a major corporate revamp, BP started a strategic review of the Castrol-branded business. Activist investor Elliott Investment Management has emerged as one of the company's largest shareholders and has been pressing management to make bolder changes. BP's big strategy reset is already looking shaky due to lower oil prices. This could raise pressure on the company for successful asset sales. The Castrol business includes lubricants for autos and industries, and it has been developing liquid cooling technology for artificial intelligence data centers . Its operations in fast-growing markets like India are particularly interesting to Reliance and Aramco, some of the people said.
Economic Times
28-05-2025
- Business
- Economic Times
BP's Castrol business draws interest From Reliance, Apollo and Lone Star
BP Plc's Castrol lubricant business is attracting interest from energy companies including Reliance Industries Ltd. and buyout firms such as Apollo Global Management and Lone Star Funds, according to people with knowledge of the has sent out initial information to other potential bidders for the unit including investment firms Brookfield Asset Management and Stonepeak Partners, the people said, asking not to be identified because discussions are private. The business could fetch between $8 billion and $10 billion in a deal, the people said. The suitors would join the world's biggest energy company, Saudi Aramco, in considering bids for all or part of the business. The process is still in the early stages, with initial bids expected in several weeks, so price and outcome remain open, the people said. Some suitors could team up as well. Meanwhile, bankers are considering providing around $4 billion-equivalent of debt to back potential bids for the unit, according to people familiar with the matter. The financing is expected to be denominated in different currencies including euros and dollars to maximize liquidity, and will possibly be made up of leveraged loans and high yield bonds, they added. It is one of the few buyout financings expected to hit the market this year and is likely to garner attention from bankers looking and investors alike. As part of a major corporate revamp, BP started a strategic review of the Castrol-branded business. Activist investor Elliott Investment Management has emerged as one of the company's largest shareholders and has been pressing management to make bolder changes. BP's big strategy reset is already looking shaky due to lower oil prices. This could raise pressure on the company for successful asset sales. The Castrol business includes lubricants for autos and industries, and it has been developing liquid cooling technology for artificial intelligence data centers. Its operations in fast-growing markets like India are particularly interesting to Reliance and Aramco, some of the people said.
Bloomberg
29-04-2025
- Business
- Bloomberg
BP CEO Says He Can Stick To His Reset Plan With Oil Below $70
BP Plc is off to a 'great start' in its strategy reset and can follow through on the turnaround despite the recent drop in oil prices, said Chief Executive Officer Murray Auchincloss. President Donald Trump's trade war has driven Brent crude below $70 a barrel, the price assumption that underpins BP's plans to boost cash flow and reduce debt by selling assets. While the financial framework has tightened, the company is on track and its $20 billion divestment program could actually be assisted, Auchincloss said.
Bloomberg
22-04-2025
- Business
- Bloomberg
Australia's Biofuel Dreams Are Fading Before They Even Get Going
Dozens of fuel storage tanks and distillation units towering over an Australian beach risk becoming a rusting metaphor for the progress of the country's energy transition. BP Plc had envisioned turning the old Kwinana refinery near Perth — which shut in 2021 after almost seven decades of operation — into a biofuels hub that showed its commitment to cleaner energy. But it called off the plan in February, in a blow to Australia's plan to cut emissions from sectors like transport and mining.
