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Technavio Research: Automotive Suspension System Lubricants Market to Grow by 8.05 Mn Gal in 2021, BP Plc and Exxon Mobil Corp. Emerge as Key Contributors to Growth | Industry Analysis, Market Trends, Market Growth, Opportunities and Forecast

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Technavio has been monitoring the automotive suspension system lubricants market and it is poised to grow by 8.05 mn gal during 2021-2025, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210122005509/en/
Technavio has announced its latest market research report titled Global Automotive Suspension System Lubricants Market 2021-2025 (Graphic: Business Wire)
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Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the automotive suspension system lubricants market. The market growth in 2021 is likely to Increase compared to the market growth in 2019.

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Automotive Suspension System Lubricants Market to Grow by 8.05 Mn Gal in 2021, BP Plc and Exxon Mobil Corp. Emerge as Key Contributors to Growth | Industry Analysis, Market Trends, Market Growth, Opportunities and Forecast | Technavio

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Technavio has been monitoring the automotive suspension system lubricants market and it is poised to grow by 8.05 mn gal during 2021-2025, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio has announced its latest market research report titled Global Automotive Suspension System Lubricants Market 2021-2025 (Graphic: Business Wire)
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the automotive suspension system lubricants market. The market growth in 2021 is likely to Increase compared to the market growth in 2019.

United-states , United-kingdom , America , Ferdinand-bilstein-gmb , Jesse-maida , Exxon-mobil-corp , Bp-plc , Red-line-synthetic-oil , Technavio-research , Millers-oils-ltd , Lucas-oil-products-inc , Valvoline-inc

State Awards Manufacturing Readiness Grants

State Awards Manufacturing Readiness Grants
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Third Round Of Manufacturing Readiness Grants Awarded To 31 Indiana Businesses – WBIW

December 22, 2020
(INDIANAPOLIS) – The Indiana Economic Development Corporation (IEDC), in partnership with Conexus Indiana, announced the third round of awards totaling approximately $1.5 million to 31 Indiana businesses in Manufacturing Readiness Grants, which Governor Eric J. Holcomb first announced in May under the Economic Activity Stabilization and Enhancement (EASE) program. The grants, which are a key part of Gov. Holcomb’s 2021 Next Level Agenda announced last week, are designed to stimulate manufacturing investments that will position Hoosier operations, and the sector overall, for future growth and prosperity.
“As a state, it’s critical that we support manufacturers as they modernize their operations and efficiencies to succeed in today’s 21st century economy,” said Gov. Holcomb. “Like many industries, this sector has faced unprecedented challenges this year yet these Hoosiers are pushing full steam ahead. We’re encouraged by their continued commitment to enhancing and growing their businesses, solidifying our state’s reputation as the top manufacturing state in the nation per capita.”

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