Market Synopsis of Global Bio-lubricants Market:
The Global Bio-Lubricants Market is expected to reach USD 3.50 billion by 2022 with 7.2% CAGR from 2016 to 2022.
Bio-lubricants also known as bio-lubes are produce from rapeseed oil, sunflower oil, animal fats and others. They are highly demanded as they are biodegradable, non-toxic, renewable and environmental friendly products. Conventional petroleum based lubricant is hazardous to the ecological system, so more emphasis is on the development of bio-lubricants products. The global bio-lubricants market is segmented into type, application and end user. Bio-lubricants have various application like greases, automotive engine oil, chainsaw oil and others. Increase in sales of vehicles has boosted the Global Bio-lubricants Market due to more use of bio-lubricants than conventional petroleum based lubricants. . Due to the development in automobile sector, demand of engine oil, grease, chainsaw oil is expected to grow in the forecasted period. Plant based oils are substitute of minerals oils further use of vegetable oils in foods & beverage and healthcare will also boost the market in coming years. Increase in R&D and stringent regulation of government regarding environment safety will further increase this market. However, increase in price of petroleum the market growth of bio-lubricant will be hampered further in future.
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Geographically, North America dominates the market due to stringent regulation of government for the use of conventional lubricants especially in marine, agriculture and others. These regulations of government will push the use of bio-lubricants in agriculture, marine and other industries. Emerging economies like India, China, and South Korea contribute the most in the bio-lubricant market due to growing automotive and construction sector. Developed regions contribute maximum as compared to regions which are still developing. Therefore, APAC regions share less in the growth of the global bio-lubricant market. In this segment. At the same time manufactures are looking for cost effective, low production method for bio-lubricants. Therefore, investors have a good opportunity for a profitable business in the forecasted period.
Study Objectives of Bio-lubricants Market:
- Studying the market overview of Bio-lubricants.
- Estimating its market size by product type, by application and by end user.
- Providing insights about market drivers, obstructions and opportunities.
- Providing geographical market analysis and future outlook of North America, Europe, Asia and rest of the world (ROW).
- Analyzing the global bio-lubricants market based on various factors- supply chain analysis, Porters Five Force Analysis etc.
- Providing strategic profiling of key players in the market, broadly analyzing their core competencies.
- Evaluating competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments along withresearch and developments in the globalbio-lubricants
Key players profiled in Bio-lubricants are Total S.A, Exxon Mobil, Royal Dutch Shell PLC, Chevron Corporation, Kluber Lubrication München Se & Co, Albemarle Corporation, Emery Oleochemicals, Panolin AG, Binol Bio Lubricants, Castrol and others.
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Key Points from Table of Content:
11. Company Profiles
11.1 Total S.A
11.1.3 Product Portfolio
11.1.4 Business Strategies
11.1.5 Recent Development
11.2 Exxon Mobil
11.2.3 Product Portfolio
11.2.4 Business Strategies
11.2.5 Recent Development
11.3 Royal Dutch Shell PLC
11.3.3 Product Portfolio
11.3.4 Business Strategies
11.3.5 Recent Development
11.4 Chevron Corporation
11.4.3 Product Portfolio
11.4.4 Business Strategies
11.4.5 Recent Development
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