Bio-Lubricants Market

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Bio-Lubricants Market To Reach USD 4.41 Billion
By 2026
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Market Summary
Stringent government regulations on the use of
petroleum-based lubricants are driving the growth
of the market. Market Size USD 2.74 billion in
2018, Market Growth - CAGR of 5.9, Market Trends
Volatile prices of crude oil The global Bio
Lubricants Market is expected to reach USD 4.41
Billion by 2026, according to a new report by
Reports and Data. Bio lubricant is also known as
bio-lubes is produced from sunflower oil,
rapeseed oil, animal fats, and others. They are
increasingly demanded as they are non-toxic,
environmentally friendly, biodegradable and
renewable. Europe dominates the market owing to
the presence of rigid environmental laws where
companies go through various emission standards
and application of biodegradable products in
countries like Germany, Finland, Norway Italy,
and France. North America is expected to grow
with the highest CAGR. Companies are switching
more and more to renewable options and making use
of bio-lubricants in various other sectors as
well.
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Market Summary

• The rise in the sale of vehicles has driven the
  market for bio-lubricants. As demand for
  automobile sector has increased over the years,
  demand for grease chain saw oil and engine oil
  had encouraged the growth of the market.
  Plant-based oil is also a substitute in food and
  healthcare sector. Bio-Lubricants are renewable
  unlike fossil fuels and is environment-friendly.
  Not only do they reduce labor cost and energy
  usage, but it also increases production and
  machine life as well. In addition, there are
  strict government regulations regarding fossil
  fuels that is encouraging manufacturers to switch
  to alternatives hence fueling the market.
• Further key findings from the report suggest-
• The market is hindered by a limited range of
  applications in the coming years. Bio lubrication
  is mainly tilted towards the developed region
  like North America and Europe even though APAC
  has a large number of end-user
• The market is hindered by a limited range of
  applications in the coming years. Bio lubrication
  is mainly tilted towards the developed region
  like North America and Europe even though APAC
  has a large number of end-user
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Market Summary

• Companies considered and profiled in this market
  study
• ExxonMobil Corporation, Royal Dutch Shell Plc,
  Total SA, Chevron Corporation, BP Plc, Albemarte
  Corporation, Panolin AG, Binol Lubricants, Enemy
  Oleochemicals, and Fuchs Petrolub AG.
• For the purpose of this report, Reports and Data
  have segmented global Bio Lubricants market on
  the basis of Raw materials, Applications, Esters,
  End-User and Region
• Raw Materials Outlook (Volume, Kilo Tons
  2018-2026 and Revenue, USD Million 2018-2026)
• Vegetable Oil
• Animal Fats
• Others
• Esters Outlook (Volume, Kilo Tons 2018-2026 and
  Revenue, USD Million 2018-2026)
• Trimethylolpropane (TMP)
• Pentaerythritol (PE)
• Neopentylpolyol (NPG)
• End-user Outlook (Volume, Kilo Tons 2018-2026
  and Revenue, USD Million 2018-2026)
• Industrial
• Commercial Transport
• Consumer Automobile

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Market Summary

• Applications Outlook (Volume, Kilo Tons
  2018-2026 and Revenue, USD Million 2018-2026)
• Hydraulic fluids and tractor transmission oils
• Greases and stern tube greases
• Stern tube oils
• Chainsaw Oils
• Concrete release agents
• Wire rope oils
• Two-stroke oils
• Industrial and marine gear oil
• Regional Outlook (Revenue in USD Million
  20162026)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa (MEA)
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