COVID19 impact on the Lubricating Oil Additives Market

According to the market research report "Lubricating Oil Additives Market by Functional Type (Dispersants, Detergents, Oxidation Inhibitors, Anti Wear Agents, Extreme Pressure Additives, and Viscosity Index Improvers), Application, End-use Industry, and Region-Global Forecast to 2023", The lubricating oil additives market is projected to reach USD 17.74 Billion by 2023. The lubricating oil additives market is projected to grow from USD 15.57 Billion in 2018 to USD 17.74 Billion by 2023, at a CAGR of 2.64% between 2018 and 2023.

Asia Pacific is expected to lead the global lubricating oil additives market during the forecast period. Lubricating oil additives are used to enhance the performance of lubricants and functional fluids. Each functional type additive is selected for its ability to perform one or more specific functions in combination with other additives. Selected additives are formulated into packages to be used with specific base stocks for automotive and industrial applications. The primary functions of lubricating oil additives are to reduce friction, prevent wear and rust, and control formation of sludge and oxidation.

Browse 92 market data Tables and 37 Figures spread through 148 Pages and in-depth TOC on "Lubricating Oil Additives Market - Global Forecast to 2023"
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Based on application, the engine oil segment is projected to lead the lubricating oil additives market during the forecast period.

Based on application, the engine oil segment was the largest segment of the lubricating oil additives market in 2017. The demand for engine oil is backed by the increasing motorization rate globally and the strong focus of additive manufacturers on research & development activities to formulate efficient additive packages according to the specifications of OEMs.

Based on functional type, the oxidation inhibitors segment is expected to lead the lubricating oil additives market during the forecast period.

The oxidation inhibitors segment is expected to be the fastest-growing functional type segment of the lubricating oil additives market during the forecast period. Oxidation inhibitors are used to reduce thickening and inhibit acid formation in a wide variety of applications, such as engine oil, gear oil, hydraulic oil, automatic transmission fluid, industrial oil, and compressor oil. Oxidation inhibitors also help prevent degradation of lubricants over time.

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Based on end-use industry, the automotive segment is expected to lead the lubricating oil additives market during the forecast period.

The automotive end-use industry includes lubricating oil additives used to formulate lubricants for passenger cars, commercial vehicles, and other automobiles that include motorcycles and three wheelers. Lubricating oil additives are majorly used in engine oil, gear oil, hydraulic fluid, and transmission fluid. The automotive end-use industry is expected to dominate the lubricating oil additives market during the forecast period due to the huge demand for engine oil from passenger cars and commercial vehicles. The growth is also driven by the focus of additive manufacturers on research & development activities to formulate efficient additives to reduce the emission and increase the performance of automotive lubricants.

APAC is expected to lead the lubricating oil additives market during the forecast period.

Asia Pacific is expected to be the largest market for lubricating oil additives during the forecast period. The lubricating oil additives market in this region is primarily driven by the growing demand for lubricants, especially from China, India and other south-east Asian countries, and the huge investments in the automotive and industrial sectors in this region.

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Key companies in the lubricating oil additives market include Afton Chemical (US), Chevron Oronite (US), BASF (Germany), Evonik Industries (Germany), Lubrizol Corporation (US), and Lanxess (Germany).

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Insurance Brokerage Ajax offers Comprehensive Life Insurance Policies and Critical Illness Riders

Scarborough, ON, Canada, 19th August 2020 -- Individuals who are planning to buy life insurance policies will benefit when they engage the services of insurance broker Ajax. The insurance brokers will support the insured with the best care. Hospitalization expenses have increased drastically in recent years and will only see an upward trend in the future. It is always safe to purchase medical as well as life insurance policies from reputed agency firms like insurance brokerage Ajax since it may come as a savior during emergency hospitalization or expenses.

M/s Dura Legacy Financial Services Inc. has decades of experience in insurance broking and investment services. It is imperative to note that insurance broker Ajax will show you some of the best life insurance and critical illness riders issued by reputed insurance companies.

Listed below are some of the services offered by this rapidly growing brokerage firm.
• Life insurance policy issuance and claims management services
• Disability insurance policy issuance
• Investment services
• Critical illness rider policy issuance

Life is unpredictable and major accidents or catastrophes can happen at any point in time. When such unforeseen incidences take place all of a sudden, then you may have to expend thousands of dollars towards medical treatment which will ultimately make you bankrupt.

Hence, it is always safe to purchase life insurance policies from insurance brokerage Ajax. You can get reimbursement for the accidental and medical claims through insurance broker Ajax and enjoy your life peacefully.

It is worth mentioning that critical riders issued by this reputed agency cover major illnesses and diseases like cancer, coma, heart and brain surgeries.
You can choose either annual or long-term policies that best suits your requirements.

This famous insurance brokerage that has won plenty of coveted awards has gained the trust and loyalty of hundreds of customers.
You will not only recover from illnesses but also from mental agony caused by financial problems when you purchase varieties of life insurance policies from this company.

Young and hardworking professionals who earn a decent amount of income should invest their money wisely if they want to get the best returns in the long run.

Stop spending your hard-earned money unnecessarily on unwanted gadgets and start investing in best insurance investment plans like ULIP that may give you the best returns in the long run.

The financial advisors working in M/s Dura Legacy Financial Services are knowledgeable and skilled brokers. They will show you the best life insurance policies that come with tons of benefits and you can choose the best ones that meet your requirements.

About Us

M/s Dura Legacy Financial Services is a NextGen insurance broking firm which is based in Ontario, Canada. It has a team of highly efficient brokers and agents who will support the insured professionally during business hours. It acts as a bridge between reputed insurance companies and customers. Industry-leading experts will educate the customers about the importance of buying life insurance policies and build the best relationship with them.

Contact:
Pranesh Kunhikrishnan
Duralegacy
201-1501 Ellesmere Rd,
Scarborough, ON M1P 4T6
(647) 351-3872
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A Conversation With Chris Duvall on Common Tender Writing Mistakes

At a recent business communications conference, we had the opportunity to talk to senior writer at Madrigal Communications, Chris Duvall on effective business communication strategies.

 

Duvall’s career extends across a variety of work in internal and external corporate communications, specialising in developing strong communications strategies. He was kind enough to share his expertise with us, specifically his perspective and approach to tender writing.

 

As tender proposals play a crucial role in winning new contracts, we asked him about the most common mistakes made by inexperienced tender writers.

 

“Tender writing is not as tricky as it seems. But still, it requires attention to detail. I’ve noticed that many writers include way too much information. Irrelevant details not only lengthen the document, but detract from the message you are trying to deliver. Readers don’t have the time to fish around for important information. Your focus should be presenting the required information clearly and concisely.”

 

He suggests being wary of alienating your evaluator with complicated language, “It’s important to avoid going overboard with technical jargon. For instance, you might be an expert in hydraulics, but it’s unlikely that the evaluator has any clue what you’re talking about. Try to communicate complex ideas in easy-to-understand terms.”

 

To keep the reader engaged, Duvall recommends including graphics and illustrations. He warns “You can’t submit a plain, boring document. Use a passionate and active tone to create a compelling tender proposal.”

 

Yet with all this in mind, Duvall advises that often it is better to play it safe and utilise professional writers, especially for high-value contracts.

 

“Finding a successful tender writing approach takes time. In fact, I suggest organisations seek tender writing courses and training to improve their writing capabilities.”

Medall Diagnostics Expands its RT PCR COVID 19 testing capacity to 6000 per day Expansion marks a five fold increase in capacity

Chennai, August 18, 2020:  Medall Diagnostics, India’s leading integrated diagnostic services provider, has announced a five-fold increase of its RT – PCR COVID-19 testing capacity. With this expansion, Medall diagnostics is now equipped to conduct 6000 COVID-19 tests per day at its 15,000 square feet central reference lab located at Guindy in Chennai. The facility, with state-of-the-art testing equipments reinforces Medall’s commitment to offer top-of-the-line testing further cementing Medall’s position as the leader in the diagnostics space.

Speaking on the new milestone, Arjun Ananth, CEO, Medall, said “India is grappling with a steep daily rise of COVID-19 cases. The need of the hour is quick and large scale testing to control the spread of the pandemic. With a daily RT-PCR capacity of 6000, we are well poised to serve the needs of the government and the private sector during this time. In addition to
RT-PCR capabilities, we also offer Antigen and Antibody tests on multiple platforms.  Medall has been active in supporting the Government’s initiative to contain the spread of the pandemic.
 Commitment to improving testing standards and helping the government contain the spread of the pandemic are the primary goals of Medall”.

Medall has also partnered with large NGOs to help bring factories back to life and in this exercise has also partnered closely with corporates in restarting their factories and their place of work. Medall launched a package called “Back to work”, to create a healthy and safe workplace. Over and above this, Medall has also partnered with various Siddha Institutes to evaluate the efficacy of Siddha medicine in treating COVID-19.

About Medall: Medall is India's fastest growing integrated Healthcare Diagnostics and the fourth largest Diagnostics player in India. With 7000 plus customer touch points in 9 states and 70+ districts, 24 NABL accredited labs and 108 ISO Certified Labs, Medall provides both radiology and pathology services under one roof. Medall has served over 10 million customers and performed over 30 million tests in 2018. With a strong focus on digitisation and deployment of state-of-the-art technology, Medall is pioneering clinical and technological innovations in Diagnostics. To know more please log on to: https://www.medall.in

For media enquiries, please contact: Meghna: +91-6299404815 / This email address is being protected from spambots. You need JavaScript enabled to view it.

Softline Launches a Proprietary Cloud Management Platform

MOSCOW, Russia - August 18, 2020 - Maestro, Softline’s proprietary platform, is based on services from major cloud providers. Its users can manage any combination of clouds in one window, consolidate billing, increase budget transparency, and automate provisioning.

Softline Maestro supports an enterprise cloud portal with a simplified interface for solving IT tasks in self-service mode. The platform monitors compliance with security requirements and reports suspicious activities.

Softline Maestro also provides several efficient cost management tools for the use of cloud resources at any level of the company. They include cost overrun alerts, expense limits on subscriptions and accounts, recommendations on cost optimization and infrastructure automation, as well as authorization mechanisms for the purchase of new resources.

Most importantly, Softline Maestro offers a universal toolkit for efficient multicloud management and self-service. Its key features include infrastructure-as-code automation, role-based access control, and a unified API for connection to cloud services such as AWS, Microsoft Azure, Google Cloud Platform, VMware, or OpenStack.

Maestro is a framework solution open to integration with other cloud providers and capable of accommodating new technologies. In the near future Softline is planning to add container support to this platform as well as make it compatible with cloud services from Mail.ru, Alibaba and Huawei.

Products similar to Softline Maestro have been available on the hyperscale solutions market since its inception. Gartner analysts believe that by 2025 more than 70% of companies will be taking advantage of multifunctional cloud management tools [1]. In Russia, however, the demand for hybrid and multicloud infrastructures, as well as tools for their management is just gaining momentum.

"The platform helps customers reduce economic and technological dependence on providers, speed up access to infrastructure for end users and make cloud service costs more transparent. In fact, Softline Maestro can save businesses up to 30% of their total cloud infrastructure costs. Despite its immense capabilities, the platform is fairly easy to master: any staff member would need just a couple of hours of training to operate it. After the first month of using Maestro, the customer receives a consolidated bill, comparable information for private and public clouds, an itemized cloud expense report and recommendations on cost optimization,” explains Liliya Ermakova, a product manager from Softline.

About us:

Softline is a leading global Information Technology solutions and services provider focused on emerging markets of Eastern Europe, Americas, and Asia. We help our customer achieve digital transformation and protect their business with cybersecurity technologies. Our services include end-to-end technology solutions, public and private clouds, software and hardware provisioning and broad array of associated services.

Softline’s 2019 turnover exceeded $1.54 Billion US dollars with sales growth 13.2% in the Group of Companies. Softline has offices in 50 countries and 95 cities worldwide. With more than 25 years of distinguished history we have managed to grow rapidly while consolidating technology expertise and a business model encompassing all emerging markets.

We serve over 60 000 Enterprise and SMB clients, both from private and public sectors. Over 1500 account managers, 1000 solution sales and technical presale professionals and 1000 engineers and technical specialists help our customers navigate through the ever-changing complex IT environment. We build long-term relationships with our clients, partners and employees.

Softline has partnerships with more than 3000 software and hardware manufacturers and has highest partner status with all our key partners. We provide a unique marketing and sales channel for our partners in all the markets where we operate. Softline is always customer centric and provides brand independent solutions which best serve customer’s needs.

For more information, please visit www.softline.com

Contacts:

Valeriya Aver

Head of International Public Relations Department in Softline

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