The key companies profiled in Bio-Lubricant Market report are ExxonMobil (US), Shell (Netherlands), Fuchs (Germany), Chevron (US), BP (UK), Total (France), Emery Oleo chemicals (Malaysia), Albemarle (US), Binol Biolubricants (Sweden), Panolin (Switzerland), Kluber Lubrication (Germany), and Rowe Mineralolwerk (Germany).
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Download Brochure of Bio-Lubricant Market spread across 207 Pages, Profiling 14 Companies and Supported with 212 Tables and 60 Figures is now available at www.rnrmarketresearch.com/contacts…mple?rname=393818 .
The bio-lubricants market size in 2017 is estimated at USD 2.47 billion and is projected to reach USD 3.36 billion by 2022 at a CAGR of 6.4% between 2017 and 2022. Environmental regulations, increasing production of vegetable oils, and emerging applications of bio-lubricants are some of the drivers of themarket.
Bio-lubricants are used across various end-use industries.
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Key Target Audience:
- Raw Material Suppliers
- Bio-lubricant Manufacturers
- Bio-lubricant End Users
- Government and Regional Agencies and Research Organizations
- Investment Research Firms
The bio-lubricants market is segmented into vegetable oil-based, animal fat-based, & (bio-based synthetic esters). Vegetable oil-based bio-lubricants segment accounted for largest share of overall market, in terms of value & volume, in 2016.
Vegetable oil-based bio-lubricants find use in multiple applications and are produced in significant quantities worldwide. Vegetable oils provide better oxidative stability and technical performance than animal fats.
More Information on Bio-Lubricant Market with Top Trends and Company Profile at www.rnrmarketresearch.com/contacts/393818 .
Bio-lubricants market have applications in hydraulic fluids, metalworking fluids, chainsaw oils, mold release agents, two-cycle engine oils, gear oils, greases, and others. Hydraulic fluids are the largest application segment of bio-lubricants.
Hydraulic fluids are used in both, stationary and mobile equipment, such as hydraulic elevators, sweepers, garage trucks, fork lifts, motor graders, and front-end loaders.
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Globally, Europe led bio-lubricants market in 2016, whereas market in North America is projected to grow at highest CAGR, in terms of value, during forecast period. North America projected to be largest market by 2022.
Europe leads demand for bio-lubricants due to presence of countries, such as Germany, France, Finland, Norway, Italy, and others where environmental concerns are addressed through various emission standards and the use of biodegradable products.
“Bio-Lubricant Market by Base Oil Type (Vegetable Oil, Animal Fat), Application (Hydraulic Fluids, Metalworking Fluids, Chainsaw Oils, Mold Release Agents), End Use (Industrial, Commercial Transport, Consumer Automobile) - Global Forecast to 2022” report at www.rnrmarketresearch.com/contacts/?rname=393818 .
The market of bio-lubricants in North America is projected to grow at the highest CAGR during the forecast period. The Vessel General Permit imposed by the US EPA and the new product launches for various applications by leading manufacturers are expected to influence the demand for bio-lubricants in North America during the forecast period.
The report will help the market leaders/new entrants in this market in the following ways:
- This report segments the bio-lubricants market comprehensively and provides the closest approximations of market sizes for the overall market and sub segments across verticals and regions.
- The report will help stakeholders understand the pulse of the market and provide them information on the key market drivers, restraints, challenges, and opportunities.
- This report will help stakeholders understand the major competitors and gain insights to enhance their positions in their businesses. The competitive landscape section includes expansions, new product developments, and mergers & acquisitions.
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