The report on the Global Biolubricants Market gives an estimation of the development of the market based on historical studies and also provides forecasts on the basis of a comprehensive research. The report gives a complete market analysis for the forecasted period from 2020 to 2026. The market is divided into various segments with an in-depth outlook of the competitors and a listing of the profiled key players. The market size in terms of revenue (USD MN) is calculated and provided for the study period along with the dynamics of the market such as the drivers and the restraints.
Biolubricants are natural lubricating chemicals extracted from animal fat, sunflower, soybean and rapeseed. Derived from natural sources, these lubricants are non-toxic and biodegradable in nature. However, they can also be made from biodegradable synthetic materials. The BioPreferred Program managed by USDA (U.S. Department of Agriculture) and The Vessel General Permit regulated by US EPA have been a major support behind the growth of the biolubricants market in North America.
Three classes of biolubricants are available in the market, they can be vegetable oil based, animal fat based or based on other sources. They find applications in hydraulic fluids, metalworking fluids, chainsaw oils and mold release agents. The end-user industries for the global biolubricants market include general industries, commercial transport sector and consumer automobile industries. Consumer automobile industries are the leading end-users of the global biolubricants market. In that regards, metalworking fluids and chainsaw fluids are the leading product segments followed by hydraulic fluids.
The eco-friendly nature of biolubricants has majorly promoted the growth of the global biolubricants market. However, high cost of the biolubricants as compared to the mineral oil lubricants is a currently restraining the growth of this market. Moreover, there is a need for process optimization to reduce overall cost of the final product. Besides, the consumers in developing countries are also hesitant to switch over from mineral oil lubricants to lubricants due to cost-related reasons. This is limiting down the market of biolubricants to developed countries only. In spite of all this, process optimization and support from various government bodies can greatly improve the growth of this market.
Europe leads the global biolubricants market followed by North America. In Europe, Germany lead the biolubricants market.
The key players in the global biolubricants market include:
- United Bio Lube
- Royal Dutch Shell plc
- Albemarle Corp.
- Exxon Mobil Corp.
- Rowe Mineralo Werk GmbH
- BP plc
- Total SA
- Binol Biolubricants
- Emery Oleochemicals
- RSC Bio Solutions LLC
- Fuchs Petrolub AG
- Chevron Corp.
- Kluber Lubrication Munchen Se & Co. KG
- Panolin AG
- Green Earth Technologies Inc.
SEGMENTATIONS IN REPORT:
Biolubricants By Types:
- Vegetable Oil
- Animal Fat
- Others
Biolubricants By Applications:
- Hydraulic Fluids
- Metalworking Fluids
- Chainsaw Oils
- Mold Release Agents
Biolubricants By End Use:
- Industrial
- Commercial Transport
- Consumer Automobile
Biolubricants By Geography:
- Asia Pacific
- North America
- Europe
- Latin America
- Middle East And Africa
The Global Biolubricants Market has been exhibited in detail in the following chapters -
Chapter 1 Biolubricants Market Preface
Chapter 2 Executive Summary
Chapter 3 Biolubricants Industry Analysis
Chapter 4 Biolubricants Market Value Chain Analysis
Chapter 5 Biolubricants Market Analysis By Types
Chapter 6 Biolubricants Market Analysis By Applications
Chapter 7 Biolubricants Market Analysis By End Use
Chapter 8 Biolubricants Market Analysis By Geography
Chapter 9 Competitive Landscape Of Biolubricants Companies
Chapter 10 Company Profiles Of Biolubricants Industry
METHODOLOGY:
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.