Bio-Lubricant Market


Posted August 1, 2018 by sachitkhadse1

The Global Bio-Lubricant Market is expected to reach USD 3.60 billion by 2025, from USD 2.4 Billion in 2017 growing at a CAGR of 6.9% during the forecast period of 2018 to 2025.

 
Market Analysis: Global Bio-Lubricant Market
The Global Bio-Lubricant Market is expected to reach USD 3.60 billion by 2025, from USD 2.4 Billion in 2017 growing at a CAGR of 6.9% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Market Definition: Global Bio-Lubricant Market
Bio lubricants are non-toxic, environmental friendly and can be reused. But the conventional petroleum based lubricant is hazardous to the ecological system. With the increasing demand for vegetable oils, their production is also growing higher. According to Statista ,the yearly production of vegetable oil increased from 56 million metric tons in 1980 to 100 metric tons by 2000 across the globe. It is projected to reach 300 metric tons by 2025. In 2004, 37.4 million tons of lubricants were consumed worldwide (53 % automotive lubricants, 32 % industrial lubricants, including related specialties, 5 % marine oils, and 10 % process oils). Out of total industrial lubricants, 37 % were hydraulic oils, 7 % industrial gear oils, 31 % other industrial oils, 16% metalworking fluids (including temporary corrosion preventives whose multipurpose function often includes lubrication), and 9 % greases.
Market Drivers:
• Rising environmental concern.
• Stringent regulation over the use of conventional lubricants in developed countries.
• Increasing use of bio based lubricants derived from renewable resources is also due to their low toxicity, high biodegradability.
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Segmentation: Global Bio-Lubricant Market
By Type
• Vegetable Oil
• Animal Fats
• Others
By Application
• Hydraulic Fluids
• Metalworking Fluids
• Chainsaw Oils
• Mold Release Agents
• Two-Cycle Engine Oils
• Gear Oils
• Greases
• Others
By End-User Industry
• Industrial
• Commercial Transport
• Consumer Automobile
By Geography
• Asia Pacific
o China
o South Korea
o Japan
o India
o Australia
o Singapore
o Thailand
o Indonesia
o Malaysia
o Philippines
o Rest of Asia-Pacific
• North America
o US
o Canada
o Mexico
• Europe
o Russia
o Turkey
o Belgium
o Netherlands
o Switzerland
o Spain
o France
o Germany
o Italy
o UK
o Rest of Europe
• South America
o Brazil
o Rest of south America
o Middle East & Africa
o South Africa
o Rest of MEA
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Competitive Landscape: Global Bio-Lubricant Market
The Global Bio-Lubricant Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Bio-Lubricant Market for global, Europe, North America, APAC, South America and Middle East & Africa.
According to Soyatech LLC media report, AgTech Nexus USA, a two-day conference where agribusinesses, investors, tech companies and other stakeholders will be immersed in the innovations and investment opportunities surrounding this exciting sector was held on June 6-7, 2018 in Boston.
Key Market Competitors: Global Bio-Lubricant Market
• United Bio Lube
• Soyatech LLC
• Renewable Lubricants Inc.
• Nio-based Lubricants LLC
The other players in the market are Kluber Lubrication, FUCHS, Panolin AG, Total, BP PLC, Emery Oleo chemicals, and Royal Dutch Shel. Aarhuskarlshamn AB, Albemarle Corp, Benjn R. Vickers & Sons Ltd, Biosynthetic Technologies, Carl Bechem GmbH, Chevron Corp, Clarion Lubricants, Desilube Technology, DSI Venture.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation.
Market Restraint:
• Fluctuations in mineral oil prices.
• High cost of production.
• High viscosity at low temperature

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Key Insights in the report:
• Historical and current market size and projection up to 2025
• Market trends impacting the growth of the global bio-lubricant market
• Analyze and forecast the bio-lubricant market on the basis of type, application, end user industry.
• Trends of key regional and country-level markets for type, application, end user industry.
• Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis.
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Tags biolubricant market , biolubricant research report , global biolubricant industry analysis , global biolubricant market research report
Last Updated August 1, 2018