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17 Sep 2021  |  North America  |  Market Research

US Circular Economy for Lubricants Growth Opportunities

Demand for Sustainable and High-quality Base Oils Drives Future Growth Potential

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Key Issues Addressed

The United States accounts for more than 20% of all lubricants consumed globally. It has one of the highest per capita consumption rates of 7.6 gallons per year. Key factors such as high automobile use or ownership and a huge variety of industries contribute to the demand for lubricants. In 2020, total demand for lubricants in the United States rea...

The possibility of generating energy through landfill gas is an opportunity that has been gaining momentum in recent years. In 2018, the United States generated 292.4 million tons of waste, 146.1 million tons of which was sent to landfills. These landfills are one of the main emitters of methane in the country, a greenhouse gas with a much higher h...

The circular economy approach involves initiatives across material and product life cycles, supporting sustainable resource consumption and waste prevention by assimilating high-tech solutions. The global resource management sector is transitioning toward greater digital technology adoption using disruptive smart technologies and platform-based sol...

Material recovery facilities (MRFs) are essential components of the circular economy, acting as intermediaries that process recyclable materials for reuse or further recycling. They are a vital link in the solid waste management value chain, processing waste collected from various sources and preparing valuable recyclables for resale to manufacture...

In a global scenario where urbanization increases the congestion of vehicles on the roads, which in turn increases the pressure on the environment, in particular to air pollution, necessitates the use of environmentally friendly vehicles in cities. Emissions Control Technologies (ECTs) can enable to reduce harmful emissions from vehicular exhaust g...

Policy level initiatives to meet greenhouse gas emission reduction targets and the drive to improve the air quality in urban cities are expected to keep supporting the sales growth in electric vehicles across the globe, which has already crossed 2 million units in 2019. Further, the consequent increase in spent lithium-ion batteries (LIBs) is likel...