Global Biolubricants Market, By Base Oil (Vegetable Oil, Animal Fat, Others), Application (Hydraulic Oil, Metalworking Fluids, Chainsaw Oil, Mold Release Agents, Two-Cycle Engine Oils, Gear Oils, Greases, Others), End-Use Industry (Industrial, Commercial Transport, Consumer Automobile), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Market Analysis and Insights: Global Biolubricants Market
Biolubricants market will reach an estimated valuation of USD 3.59 billion by 2027, while registering this growth at a rate of 7.00% for the forecast period of 2020 to 2027. Biolubricants market report analyses the growth, which is currently being growing due to the increased government spending on R&D and product innovation.
Biolubricants or bio lubes are biodegradable and nontoxic lubricants used in mechanical components lubrication which provide a range of advantages over conventional lubricants such as carbon neutral, renewable, non-toxic and environment friendly. These biolubricants are widely used in applications such as metal working, greases, industrial Lubricant, automotive and others.
The growing consumer awareness regarding the environment and depleting crude oil reserves in the developed areas, rising oil prices and strict environmental regulations on conventional lubricant reserves, increasing need for improving fuel efficiency in vehicles are some of the factors behind the growth of the biolubricants market in the forecast period of 2020-2027. The increasing demand for environment-friendly lubricants will further create several opportunities that will lead to the growth of the biolubricants market in the above mentioned period.
Bio-based lubricants are costly as compared to conventional lubricants which may hinder the growth of the biolubricants market in the above mentioned period.
This biolubricants market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on biolubricants market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Biolubricants Market Scope and Market Size
Biolubricants market is segmented on the basis of base oil, application and end-use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of base oil, the biolubricants market is segmented into vegetable oil, animal fat and others. Vegetable oil is further segmented into rapeseed, canola, sunflower, palm oil and others.
- On the basis of application, the biolubricants market is segmented into hydraulic oil, metalworking fluids, chainsaw oil, mold release agents, two-cycle engine oils, gear oils, greases and others. Others are further segmented into transformer oils, refrigeration fluids, and textile machinery oils.
- The biolubricants market is also segmented on the basis of end-use industry into industrial, commercial transport and consumer automobile. Industrial is further segmented into marine, mining & metallurgy, energy & power, food & pharmaceuticals and others.
Biolubricants Market Country Level Analysis
Biolubricants market is analysed and market size, volume information is provided by country, base oil, application and end-use industry as referenced above.
The countries covered in the biolubricants market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the biolubricants market because of the strict policies of the government for the use of conventional lubricants mainly in agriculture, marine, and others while Asia-Pacific is estimated to grow in the forecast period of 2020-2027 due to the growing demand for bio-based lubricants in the automotive industry.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Biolubricants Market Share Analysis
Biolubricants market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to biolubricants market.
The major players covered in the biolubricants market report are FUCHS, Panolin AG, Royal Dutch Shell, Rowe Mineralölwerk, Emery Oleochemicals Group, Polnox Corp, RSC Bio Solutions, LLC, Quaker Chemical Corp, Castrol, Total S.A., BioBlend Renewable Resources, LLC, Houghton International Inc, Renewable Lubricants TM, Inc., ExxonMobil and Panolin AG among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Biolubricants Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.