The Global Bio-based Lubricants Market is expected to grow at a high CAGR of 6.30% during the forecasting period (2021-2028).
Bio-based lubricants are used in heavy machinery and transportation.
The principal application includes chainsaw bars, two-stroke engines, railroad flanges, and dust suppressants among others. Bio-based lubricants are renewable & biodegradable and do not persist in the environment for a more extended period.
The increasing oil prices, the depletion of the crude oil reserves in the world, and the demand to protect the environment against pollution caused by conventional lubricating oils and their uncontrolled spillage are some of the significant factors which are expected to boost the Bio-based lubricants market size during the forecast period.
Also, the increasing regulations across the globe regarding the use of conventional oils and lubricants and supporting the use of bio-based lubricants are expected to propel the market further.
In regions such as North America and Europe, the use of lubricants is governed by stringent regulations for various applications.
These regulations which make the use of bio-based lubricants makes mandatory are expected to increase the demand for bio-based lubricants during the forecast period.
Bio-based lubricants are expensive as compared to conventional oils. Thus, the relatively high cost of bio-based lubricants can impede the growth of the Global Bio-based lubricants during the forecast period.
Bio-based lubricants Market Size is segmented based on the type such as Vegetable Oils, Animal Fats, and Others. Vegetable Oil is the dominant raw material type for Bio-based lubricants.
Vegetable Oils have a high potential to substitute mineral oils as they are structurally similar to mineral oils.
They are renewable, non-toxic, economic & environment-friendly, because of these characteristics vegetable oils are increasingly being used for bio-based lubricants.
Further, the market is segmented based on applications such as Chainsaw Oils, Gear Oils, Greases, Hydraulic Fluids, Metalworking Fluids, Mold Release Agents, Two-Cycle Engine Oils, and other forms. In applications, Hydraulic fluids are expected to dominate the market during the forecast period.
Hydraulic fluids are the medium through which power is transferred in hydraulic systems. They are also used for heat transfer, contaminant removal, and lubrication.
Also, the market is classified based on end-use such as Industrial, Consumer Transport, and Consumer Automobile. Consumer Transport is the primary segment in the end-user section.
The report segments the market by geography as North America, South America, Europe, Asia-Pacific, and the Rest of the World. North America and Europe mostly dominate the market for Bio-based lubricants.
It is because of the existing stringent regulations in these regions which renders the use of bio-based lubricants mandatory.
European Commission’s European Ecolabels has laid down the standard specifications for bio-based lubricants and rigorous rules which emphasize the use of bio-based lubricants.
Western Europe contributes majorly to the European bio-based lubricants, with Germany being the largest market for bio-based lubricants. This is primarily due to the growth in end-user industries in this region.
The Global Bio-based lubricants market report profiles the following companies-
Albemarle Corporation, BP PLC, Chevron Corporation, Emery Oleochemicals, ExxonMobil Corporation, Fuchs Petrolub AG, Klüber Lubrication München SE & Co. Kg, Panolin AG, Royal Dutch Shell PLC, and Total SA.
• Vegetable Oils
• Animal Fats
• Chainsaw Oils
• Gear Oils
• Hydraulic Fluids
• Metalworking fluids
• Mold Release Agents
• Two-Cycle Engine Oils
By End-User Industry
• Consumer Transport
• Consumer Automobile
• Asia Pacific
• North America
• South America
• Rest of the World
• Visualize the composition of the Bio-based lubricants market across each indication, regarding the gas type and end-user industry highlighting the vital commercial assets and players.
• Identify business opportunities in the Bio-based lubricants market by analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of the Bio-based lubricants market-level 4/5 segmentation
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
• Product mapping in excel for the vital Bio-based lubricants market products of all major market players
• Raw Material Suppliers/ Buyers
• Product Suppliers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies
1.1. Research Methodology
1.2. The scope of the Report
2.1. Key Trends & Developments
2.2 Bio-based Lubricants Market Size
3.1. Industry Impact Factors (Drivers & Restraints)
3.2. Competitive Intensity- Porter 5 Forces
3.3. Patent Analysis
4. Market Segmentation – By Type
4.1. Vegetable Oils
4.2. Animal Fats
5. Market Segmentation – By Application
5.1. Chainsaw Oils
5.2. Gear Oils
5.4. Hydraulic Fluids
5.5. Metalworking fluids
5.6. Mold Release Agents
5.7. Two-Cycle Engine Oils
6. Market segmentation – By End-User Industry
6.2. Consumer Transport
6.3. Consumer Automobile
7. Regional, Country-level Analysis
7.1. North America
7.1.1. The United States
7.2. South America
7.2.3. Rest of South America
7.3.2. United Kingdom
7.3.5. Rest of Europe
7.4.3. South Korea
7.4.6. Rest of Asia-Pacific
7.5. Rest of the World
7.5.1. Middle East
8. Competitive Trends
8.1. Market Share/Ranking Analysis
8.2. Key Strategies adopted by Manufacturers
8.3. Product Benchmarking
9. Company Profiles
9.1. Albemarle Corporation
9.2. BP PLC
9.3. Chevron Corporation
9.4. Emery Oleochemicals
9.5. ExxonMobil Corporation
9.6. Fuchs Petrolub AG
9.7. Klüber Lubrication München SE & Co. Kg
9.8. Panolin AG
9.9. Royal Dutch Shell PLC
9.10. Total SA
10.2. List of Tables
10.3. Expert Panel Validation
10.5. Contact Us
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