Biolubricants Market size is estimated to reach USD 3.15 billion by 2021 at a CAGR of 6.3% between 2016 and 2021. Environmental regulations, increasing production of vegetable oils, and emerging applications of biolubricants are some of the drivers of market.
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Download Brochure of “Biolubricants Market” spread across 218 pages, profiling 20 companies and supported with 231 tables and 64 figures is now available at www.rnrmarketresearch.com/contacts…mple?rname=393818 .
The market of biolubricants in North America is projected to record the highest CAGR during the forecast period. Vessel General Permit imposed by the U.S., EPA, and the new product launches for various applications by the leading manufacturers are expected to influence the biolubricants demand in North America during the forecast period.
Key Target Audience:
- Raw material suppliers
- Biolubricants manufacturers
- Biolubricants end users
- Government and regional agencies and research organizations
- Investment research firms
In the U.S.
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and Canada, more than 75% of the elevators work on the principle of hydraulic fluids, which has the substantial market potential for biolubricants. Modified variant of biolubricants are being developed which remain in liquid form even at low temperature with high oxidative stability.
These lubricants have long lifespan and are, therefore, expected to have increasing use in low temperature applications. This is driving the market for hydraulic fluids application segment.
Report at www.rnrmarketresearch.com/contacts/393818 .
In biolubricants market Commercial transport is projected to be the fastest-growing end-use segment of biolubricants. It consumes lubricants on a large scale.
Lubricants are utilized in heavy vehicles such as Lorries, buses, agricultural machines, and marine transport. The marine industry is a major driving force for the commercial transport segment due to concerns about safe disposal of lubricants into the marine ecosystem.
1 Attractive Opportunities in the Biolubricants Market
2 Biolubricants Market Share, By Application and Region
3 Biolubricants Market Attractiveness
4 Percentage Distribution of Each Application of Biolubricants, By Region
5 Industry Life Cycle Analysis of Biolubricants in Various Regions
Biolubricants Market study has been validated through primary interviews with various industry experts globally. The break-up profile of primary discussion participants is given here Tier 1 (65%); Tier 2 (20%) and others (15%) companies were contacted for interviews.
The interviews were conducted with various key people such as C Level (60%), Directors Level (15%) and other (25%) from various key organizations. The primary interviews were conducted worldwide covering regions such as North America (30%), Europe (30%), Asia Pacific (25%) and Row (15%).
The key companies profiled in Biolubricants report are as Exxon Mobil (U.S.), Royal Dutch Shell plc. (Netherlands), Fuchs Petrolub AG (Germany) (U.S.), Chevron Corporation (U.S.), BP plc (U.K.), Total S.A.
(France), Emery Oleochemicals Group (Malaysia), Albemarle Corporation (U.S.), Binol Biolubricants (Sweden), Panolin AG (Switzerland)., Kluber Lubrication Munchen SE &Co., KG (Germany), and Rowe Mineralolwerk GMBH (Germany).
The report offers market estimations and projections till 2021 and offers a complete study of the market dynamics. In addition, the report provides the competitive landscape with major growth strategies adopted by the key players.
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