A research study titled, “Biolubricants Market by source, application, and end user - global industry analysis and forecast to 2025”, published by crystal market research.
Market Highlights:
The global Biolubricants Market was worth USD 1.87 billion in the year 2016 and is predicted to reach approximately USD 3.23 billion by 2025, while registering itself at a compound annual growth rate (CAGR) of 6.24% during the forecast period. Increasing requirement for biolubricants due to its remarkable features such as lower emission levels, biodegradability, high flash points and high viscosity are major factors that boost the growth of the market in several industrial applications. Rising initiatives towards Research and development by major companies that are participating along with enhancements in technology are anticipated to open new opportunities for the growth of this market. Moreover, factors such as green base oils being cost-competitive, rendering significant performance are playing a vital to spur the growth of the market. The development of the automotive industry, specifically in upcoming economies such as India, China, South Africa and Brazil are expected to fuel the consumption of durable products that provide more efficiency of fuel and reduced emissions of carbon from the vehicles.
Market Highlights:
The global Biolubricants Market was worth USD 1.87 billion in the year 2016 and is predicted to reach approximately USD 3.23 billion by 2025, while registering itself at a compound annual growth rate (CAGR) of 6.24% during the forecast period. Increasing requirement for biolubricants due to its remarkable features such as lower emission levels, biodegradability, high flash points and high viscosity are major factors that boost the growth of the market in several industrial applications. Rising initiatives towards Research and development by major companies that are participating along with enhancements in technology are anticipated to open new opportunities for the growth of this market. Moreover, factors such as green base oils being cost-competitive, rendering significant performance are playing a vital to spur the growth of the market. The development of the automotive industry, specifically in upcoming economies such as India, China, South Africa and Brazil are expected to fuel the consumption of durable products that provide more efficiency of fuel and reduced emissions of carbon from the vehicles.
The Global Biolubricants Market Are Segmented As Follows:
Biolubricants Market, By Source, Estimates and Forecast, 2016-2025 ($Million):Animal Fats
Edible and Non-edible oils
Others
Biolubricants Market, By Source, Estimates and Forecast, 2016-2025 ($Million):Animal Fats
Edible and Non-edible oils
Others
Biolubricants Market, By Application, Estimates and Forecast, 2016-2025 ($Million):Greases
Metal working
Automotive
Oilfield
Industrial lubricant
Others
Metal working
Automotive
Oilfield
Industrial lubricant
Others
Biolubricants Market, By End User, Estimates and Forecast, 2016-2025 ($Million):Oil and Gas
Marine Industry
Construction
Automotive Industry
Others
Marine Industry
Construction
Automotive Industry
Others
Biolubricants Market, By Region, Estimates and Forecast, 2016-2025 ($Million):
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
Rest of the World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
Rest of the World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)
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Competitive Insights:
The industry of biolubricants is yet in the state of development. However, it contains some major companies that hold a significant share like ExxonMobil, British Petroleum, UBL, Chevron, Shell and S.A. Huge companies that refine oil that are included in the production of traditional lubricants are extensively providing biodegradable lubricants for transportation purposes. The biolubricant market consists of more prominent vendors such as Kluber International, Castrol, Albemarle, Emery Oleochemicals, Petronas Lubricant International and Solution Biogen Sdn Bhd.
Competitive Insights:
The industry of biolubricants is yet in the state of development. However, it contains some major companies that hold a significant share like ExxonMobil, British Petroleum, UBL, Chevron, Shell and S.A. Huge companies that refine oil that are included in the production of traditional lubricants are extensively providing biodegradable lubricants for transportation purposes. The biolubricant market consists of more prominent vendors such as Kluber International, Castrol, Albemarle, Emery Oleochemicals, Petronas Lubricant International and Solution Biogen Sdn Bhd.
Regional Outlook and Trend Analysis:In the year 2015 a huge part of this market was occupied by North America which accounted 34.98 percent of share. A modernized industry of automotive in the United States and Canada coupled with rising mediation by the United States government that has stated a limited content that is renewable for different products are anticipated to boost the consumption of bio-based lubricants. The Air force of the United States is said to encourage biodegradable products that are derived from plants in order to promote national security which is also a significant factor that boosts the growth of this market. Asia Pacific came up as a swiftly growing consumer as there are some of the largest hubs of automobile manufacturing in that region.
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About Crystal Market Research:
Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
Contact Us:
Judy S,
304 South Jones Blvd, Suite 1896,
Las Vegas NV 89107,
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Toll Free: +1-888-213-4282
Email: sales@crystalmarketresearch.com
Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
Contact Us:
Judy S,
304 South Jones Blvd, Suite 1896,
Las Vegas NV 89107,
United States
Toll Free: +1-888-213-4282
Email: sales@crystalmarketresearch.com
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