- In March 2025, Japan's largest oil refiner, Eneos, announced plans to gradually halt lubricant and grease production at its Yokohama facility by March 2028. The decision aims to enhance production efficiency amidst declining domestic demand and increasing global competition.
- In September 2024, IndustryARC forecasted the global lubricating oil additives market to reach $24.5 billion by 2030, driven by advancements in additive technology for electric vehicles (EVs). The rise in EV adoption necessitates specialized lubricants for enhanced performance and efficiency.
- In August 2024, SNS Insider reported that the lubricating oil additives market is projected to grow from $19.66 billion in 2023 to $25.66 billion by 2032, driven by the adoption of synthetic lubricants and increased demand from the automotive and industrial sectors.
- In December 2021, Castrol introduced "Engine Shampoo," an oil change pre-treatment product designed to remove engine sludge buildup, enhancing engine efficiency and longevity. This innovation caters to gasoline and light diesel engines, aiming to improve overall engine performance and reduce maintenance needs.
- In June 2021, Vestige launched "Mach Drive Nano Energiser," an engine oil additive utilizing 20-nanometer zirconia powder coated with platinum. This product aims to reduce engine drag, friction, and noise, thereby improving fuel economy and extending engine life in automotive applications.
