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Yahoo
6 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
Bloomberg
29-05-2025
- Business
- Bloomberg
Kazakhstan Mulls Building Key Gas Refinery Without Oil Majors
Kazakhstan is considering building a natural gas refinery at the Karachaganak oil field by itself, after the cost of the development proposed by international oil companies ballooned to about $6 billion, according to people familiar with the matter. The companies, led by Eni SpA and Shell Plc, have delayed the planned completion of the facility to 2030 from the previously planned date of 2028, the people said. They have also asked the Kazakh state to help cover about $1 billion of the project's budget in order to make it commercially viable, the people said.
Mint
21-05-2025
- Science
- Mint
This $150,000 Leak Detector Will Judge How Good Hydrogen Is For Climate
(Bloomberg) -- Hydrogen's potential as a game-changing climate solution is already in doubt over its high costs and lack of industrial demand. Yet one of the biggest concerns about the gas is still not fully understood: How much is hydrogen contributing to global warming? Scientists from the US and Netherlands believe they're on the verge of giving the closest estimate yet of how much hydrogen is being inadvertently leaked from infrastructure. The results will feed into the mounting body of research on how hydrogen can be a powerful, if indirect, greenhouse gas due to a series of chemical reactions that take place in the atmosphere when it's released. The team, which is working with four industry partners, including Shell Plc and TotalEnergies SE, is using an innovative mobile device designed to detect emissions from hydrogen facilities all along the value chain, from production sites to bus filling stations. The unit — about the size of two stacked microwaves — works by pumping in air and drying it as it enters, before converting any hydrogen present into water vapor, allowing for relatively easy measuring. The instrument, made by Aerodyne, costs around $150,000, with only two currently in existence. The scientists using it say it's the first viable measuring device for detecting hydrogen in real world scenarios. Today estimates of hydrogen leakage range anywhere from less than 1% to more than 20%. The goal for the researchers is to better understand the main sources for the gas to escape and nip any problems in the bud as the nascent industry begins to scale. They want to avoid what happened with methane, which was being leaked for decades before the world decided to take meaningful action at the United Nations' COP26 climate summit in Glasgow. Hydrogen can prolong the lifespan of methane in the atmosphere — a greenhouse gas 80 times more powerful than CO2 over a 20-year timeframe — and can promote the formation of water vapor, another potent cause of global warming, in the upper atmosphere. Taking the various chemical reactions together, hydrogen's global warming potential is around 37 times that of CO2 over a 20-year time horizon. 'For hydrogen, we're still at the beginning. We're trying to prevent hydrogen emissions from becoming a problem,' said Tianyi Sun, senior climate scientist at the Environmental Defense Fund, which is helping sponsor the project. The study, which should be ready for peer review by the middle of next year, comes as politicians put in place the policies needed to massively scale-up the use of hydrogen, particularly in industry. The EU wants 20 million tons per year by 2030, half of which it will import from abroad, opening up enormous potential for leaks along the supply chain. 'The challenges of the hydrogen economy are becoming more evident,' said Thomas Rockmann, professor of atmospheric physics and chemistry at Utrecht University, working on the project. He started measurements at a bus refilling station in the North of the Netherlands last week. 'We have been a bit blind.' More stories like this are available on
Bloomberg
12-05-2025
- Business
- Bloomberg
Brazilian Ethanol Producer Raizen Agrees to Sell Sugar Plant in Debt-Slashing Push
Raizen SA, the Brazilian ethanol producer and fuel distributor co-owned by Cosan SA and Shell Plc, has agreed to sell one of its sugar-cane processing plants as part of efforts to slash debt. Ferrari Agroindustria SA and Agromen Sementes Agricolas Ltda will pay a total 425 million reais ($75 million) for the facility in Sao Paulo state, Raizen said in a filing. The deal is pending antitrust approval.
The Star
07-05-2025
- Business
- The Star
Gulf states working on US$6bil in Africa energy deals
Dubai: Middle East countries have shown interest in or completed deals for at least US$6bil of African energy assets in recent weeks, demonstrating a larger investment appetite on the continent by the region. Abu Dhabi National Oil Co is among companies shortlisted to buy Shell Plc's downstream assets in South Africa valued at about US$1bil, people familiar with the deal said last month. Adnoc and other companies in the United Arab Emirates have expressed interest across the breadth of Africa's energy sector in a matter of weeks. Gulf states have ramped up investment in energy projects on the continent ranging from renewable plants to oil fields in recent years. Bilateral trade between Africa and the United Arab Emirates increased 38% in the two years through 2023 to US$86bil , according to an African Export-Import Bank report. The Gulf nations are diversifying their oil and gas industries by adding 'assets and investments in other jurisdictions that can help smooth out cyclical curves and localised market fluctuations', said Andrew Farrand, Middle East and North Africa director for Horizon Engage, a political risk consultancy. 'African countries offer great opportunities in this regard.' Dubai-based Alpha MBM Investments LLC, a private investment office led by a member of the Dubai royal family, signed an agreement with Uganda to build a 60,000 barrel a day refinery and hold a 60% stake in the business, the nation's presidency said in a March 30 statement. A deal for the US$4bil project follows a number of failed attempts to build a domestic refinery that will utilise crude discovered in landlocked fields. Alpha MBM didn't respond to emails seeking comment. Such arrangements offer a welcome change for governments to deal with partners who are already resource-rich, 'rather than primarily focusing on resource extraction to serve their home economies', Farrand said. Kenya renewed a contract to buy fuel on credit for two more years from Adnoc, Saudi Aramco and Emirates National Oil Co that the country credits with helping to stabilise the currency. Some of the imports are shipped on to markets in South Sudan, the Democratic Republic of Congo and Burundi. — Bloomberg
