ILMA Compoundings January 2018 - 15

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growth are various government projects such as road construction projects, development of the transportation and
housing sectors, and agricultural support programs.
"U.S. blenders can find opportunities by working with
huge companies operating U.S.-produced equipment and
transport. For example, gas or gas-piston turbines, quarry
machinery and others, as well as cooperating with local
equipment dealers," said Nikita Medvedev, project manager
at RPI, an oil and lubricant industry consultancy of more
than 20 years.

Western Europe is consuming
the highest value of synthetics, and there are good dynamics in
terms of growth."
However, the decision-maker for lubricant procurement is
the operator of the equipment or the contractor, and pricing
is a major factor for these consumers. "There are situations
that, in order to save money, some companies use Russian
lubes not recommended for the specific equipment, but in
general, fit technical requirements," added Medvedev.
In addition to opportunities in Russia, Europe's synthetic
lubricant market remains attractive. "Europe is the most
advanced in synthetics [consumption] compared to North

America and Asia Pacific, or even South America and the
Middle East. This is due to the region's stringent environmental regulations, leading to a higher demand for low-viscosity and higher-performance oils," said Luzuriaga.
"Penetration of 5W engine oil is above global average, and
the trend is foreseeable until 2026. Western Europe is consuming the highest value of synthetics, and there are good
dynamics in terms of growth," he added.
In Eastern Europe, "The Commonwealth of Independent
States (CIS) is re-orientating to more internationally recognized international standards. This is an opportunity for
lubricant blenders," said Luzuriaga.
Environmental regulations in Europe are driving demand
for synthetic lubricants. At the same time, the up-and-coming
deadline for REACH (registration, evaluation, authorization
and restriction of chemicals) registration, on May 31, 2018,
might affect sourcing of components for blenders.
Also, industrial production technology developments including additive manufacturing, also known as 3D printing,
new materials such as super-alloys and dry machining will
continue to have an impact on formulations.
Despite the various challenges, bright spots can still be found
in Europe if blenders can meet the needs of niche markets.
Ching is a journalist and freelance writer based
in Singapore.

15


http://www.ROYALMFG.COM

Table of Contents for the Digital Edition of ILMA Compoundings January 2018

Meet ILMA’s New President DAVE CROGHAN
ADDING ANOTHER DIMENSION
THE BIG CHILL
LETTER FROM THE CEO
INSIDE ILMA
Company Callout
WHAT’S COMING UP
INDUSTRY RUNDOWN
In the Know
International Insight
Market Report
BUSINESS HUB
COUNSEL COMPOUND
WASHINGTON LANDSCAPE
IN NETWORK
Member Connections
Cross Connections
PORTRAIT
ILMA Compoundings January 2018 - Cover1
ILMA Compoundings January 2018 - Cover2
ILMA Compoundings January 2018 - 1
ILMA Compoundings January 2018 - 2
ILMA Compoundings January 2018 - LETTER FROM THE CEO
ILMA Compoundings January 2018 - INSIDE ILMA
ILMA Compoundings January 2018 - 5
ILMA Compoundings January 2018 - Company Callout
ILMA Compoundings January 2018 - 7
ILMA Compoundings January 2018 - WHAT’S COMING UP
ILMA Compoundings January 2018 - 9
ILMA Compoundings January 2018 - INDUSTRY RUNDOWN
ILMA Compoundings January 2018 - 11
ILMA Compoundings January 2018 - In the Know
ILMA Compoundings January 2018 - 13
ILMA Compoundings January 2018 - International Insight
ILMA Compoundings January 2018 - 15
ILMA Compoundings January 2018 - Market Report
ILMA Compoundings January 2018 - 17
ILMA Compoundings January 2018 - Meet ILMA’s New President DAVE CROGHAN
ILMA Compoundings January 2018 - 19
ILMA Compoundings January 2018 - 20
ILMA Compoundings January 2018 - 21
ILMA Compoundings January 2018 - 22
ILMA Compoundings January 2018 - 23
ILMA Compoundings January 2018 - ADDING ANOTHER DIMENSION
ILMA Compoundings January 2018 - 25
ILMA Compoundings January 2018 - 26
ILMA Compoundings January 2018 - 27
ILMA Compoundings January 2018 - 28
ILMA Compoundings January 2018 - THE BIG CHILL
ILMA Compoundings January 2018 - 30
ILMA Compoundings January 2018 - 31
ILMA Compoundings January 2018 - 32
ILMA Compoundings January 2018 - 33
ILMA Compoundings January 2018 - BUSINESS HUB
ILMA Compoundings January 2018 - 35
ILMA Compoundings January 2018 - COUNSEL COMPOUND
ILMA Compoundings January 2018 - 37
ILMA Compoundings January 2018 - WASHINGTON LANDSCAPE
ILMA Compoundings January 2018 - 39
ILMA Compoundings January 2018 - Member Connections
ILMA Compoundings January 2018 - 41
ILMA Compoundings January 2018 - Cross Connections
ILMA Compoundings January 2018 - 43
ILMA Compoundings January 2018 - PORTRAIT
ILMA Compoundings January 2018 - Cover3
ILMA Compoundings January 2018 - Cover4
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