Reports and Data estimates the global BIO-LUBRICANTS competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2030 as the forecast period. The report offers CAGR and market size for the global BIO-LUBRICANTS during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include Exxon Mobil Corporation, Royal Dutch Shell plc, Cargill, Inc., BP plc, Panolin AG, Chevron Corporation, Albemarle Corporation, Emery Oleochemicals, Fuchs Petrolub SE, and Polnox Corporation.
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Raw Material Outlook:
Based on raw material, the global bio-lubricants market has been segmented into vegetable oil, animal fat, and others. Vegetable oil segment is expected to register a rapid revenue growth rate over the forecast period. Vegetable oil segment is expected to register a rapid revenue growth rate over the forecast period. The vegetable oil segment’s revenue growth can be attributed to its high biodegradability, low toxicity, and high lubricity. The abundant availability of vegetable oil seeds, which are used as raw materials, can also be attributed to revenue growth. Plant-based lubricants, which are commonly derived from canola, rapeseed, palm, castor, coconut, and soybean, have lubricating properties similar to mineral oil lubricants. These vegetable oil bio-lubricants are better than conventional lubricants because they are renewable, environmentally friendly, cost-effective, and require minimal labor. Vegetable oil has a better technical performance because it has superior oxidative properties than animal fats. Vegetable oil has applications in both industrial and healthcare sectors. Growing concerns about wildlife conservation are also likely to boost vegetable oil segment revenue growth.
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For the purpose of this report Reports and Data has segmented global BIO-LUBRICANTS market on the basis of type, application, and region:
By Application Outlook
- Automotive Engine Oils
- Transmission Fluids
- Hydraulic Fluids
- Metalworking Fluids
- Chainsaw Oils
- Mold Release Agents
- Two-Cycle Engine Oils
- Gear Oils
- Process Oils
- Greases
- Others
- By End-Use Outlook
- Industrial
- Commercial Transport
- Consumer Automobile
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
- What is the expected year-on-year growth of the BIO-LUBRICANTS during the forecast period?
- What key trends are expected influence revenue growth of the market going ahead?
- Which region is expected to account for largest revenue share over the forecast period?
- Which key companies are profiled in the report?
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