Global Bio-Lubricants Market

The Global Bio-lubricants Market was valued at US$ XX Mn in 2016 and is expected to reach US$ XX Mn by 2022 growing at a CAGR of XX% during the forecast period. Bio-lubricants, commonly known as bio-lubes are produced from rapeseed oil, sunflower oil, animal fats and others. They are biodegradable, non-toxic, renewable and environmentally friendly products. A conventional petroleum-based lubricant is hazardous to the ecological system, so large number of companies arefocusing is on the development of bio-lubricants based products. Increase in sales of vehicles has boosted the global bio-lubricants market as new vehicles use bio-lubricants rather than conventional petroleum-based lubricants.

Market Dynamics

Regulations for the use of biobased lubricants and growth in end-user industries such as transportation and shipping are some of the main factors driving the global bio-based lubricants market. The increasing use of biobased lubricants derived from renewable resources is also due to their environment-friendly nature, low toxicity, and high biodegradability. Due to their relative abundance and high lubricating properties, vegetable oils are increasingly finding application in engine oils,metalworking fluids,hydraulic fluids, andpetroleum fuel additives. With increasing demand for vegetable oils, their production is also on the rise.

The USA, Europe, and China are changing their policies to support the bio-lubricants. Also, as the climate change is gaining value, the developing economies are switching to eco-friendly fuels. It will significantly reduce the pollution caused byleakage in the engines and systems thereby saving the environment.

In future, Crude Oil Depletion is a serious challenge faced by lubricant industry.However, petroleum reserves will not last long. Hence, there is a great opportunity in future for the alternatives and bio-lubricants. Research is on to find a cost-effective, low production method for bio-lubricants. Therefore, investors have a good opportunity for a profitable business in the forecasted period.

Market Segmentation

The global bio-lubricant market is segmented based on raw material, end-user industry, application, and geography. Based on the raw material, it is classified into lubricants produced from vegetable oils or animals. Based on end-user industry, it is classified as transportation and industrial. Bio-based lubricants have various applications such as greases, hydraulic fluid, penetrating lubricants, food grade lubricants and high-performance oils.

Geographically, the market is segmented across North America, Europe, and Asia-Pacific.

Regional/Geographic Analysis

Geographically, North America dominates the market due to stringent environmentalnorms followed by the government which prohibits the use of conventional lubricants, especially in marine and agriculture sectors. Europe houses the largest bio-lubricant market. Emerging economies like China, India, South Korea are the major contributors in the bio-lubricant market due to growing automobile and construction sector. Other APAC regions have a comparatively small global bio-lubricant market.

Key Players

Some of the major players in the market include Royal Dutch Shell PLC, Albemarle Corporation, Exxon Mobil Corp.,Total S.A, Chevron Corporation, BP PLC.

Report Contents:

> Market segments

> Market Drivers, Restraints and Opportunities

> Market Size & Forecast 2016 to 2022

> Supply & Demand Value Chain

> Market - Current Trends

> Competition & Major Companies

> Technology and R&D Status

> Porters Five Force Analysis

> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)

>> Nordic Countries (Denmark, Finland, Norway, and Sweden)

>> Benelux (Belgium, The Netherlands, and Luxembourg)

>> Rest of Western Europe

> Eastern Europe

>> Russia

>> Poland

>> Rest of Eastern Europe

> Asia Pacific

>> China

>> India

>> Japan

>> Australia and New Zealand

>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)

>> South Africa

>> North Africa

>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

> Consumer and Pricing Analysis

> Market dynamics of the industry

> Market Segmentation

> Estimated Market Sizing in terms of volume and value

> Recent trends in Market and impact

> Research Status and Technology Overview

> Extensive Industry Structure Coverage