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Showing posts from May, 2022

Base Oil Market is estimated to be 47.9 Billion by 2029 with a CAGR of 5.3% during the forecasted period.

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Base Oil Market   filtration technologies   market accounted for US$ 30.1 billion in 2020 and is estimated to be US$ 47.9 billion by 2029 and is anticipated to register a CAGR of 5.3%. The report "Global Base Oil Market, By Group (Group I, Group II, Group III, Group IV, Group V), By Application (Automotive Oil, Industrial Oil, Hydraulic Oil, Grease, Metalworking Fluid) and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029” . Key Highlights: In May 2018, Chevron Corporation entered into an agreement with Novvi, LLC (US) through one of the divisions of its subsidiary Chevron U.S.A. Inc. for the development and commercialization of renewable base oil technologies. In February 2017, Saudi Aramco launched its base oil marketing business to supply API Group I, II, and III base stocks. The Group I oils are offered under the DURA brand name, Group II under the PRIMA name, and Group III under the ULTRA

Renewable Energy Market is estimated to be US$ 1936.14 billion by 2030 with a CAGR of 8.3% during the forecast period

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Renewable Energy Market   accounted for US$ 881.7 billion in 2020 and is estimated to be US$ 1936.14 billion by 2030 and is anticipated to register a CAGR of 8.3%. Renewable energy technology makes use of natural energy sources such as water, the sun, the wind, the earth's heat, and plants, which are constantly replenished by nature. Renewable energy methods transform fuels into heat, chemicals, mechanical power, and electricity, among other forms of energy. Renewable energy is booming, thanks to technological advancements that are lowering costs and delivering on the promise of a clean energy future. Solar and wind energy in the United States is smashing records and is being incorporated into the national electrical system without jeopardizing dependability. The report "Global Renewable Energy Market, By Types (Geothermal Energy, Hydroelectric Power, Wind Power, Solar Energy, and Bioenergy), By End-user (Industrial, Residential, Commercial, and Others), and By Region (North A