Global Biolubricants Market 2018 | Top Most Players | Kluber International, Castrol, Albemarle, Emery Oleochemicals, Petronas Lubricant International and Solution Biogen Sdn Bhd

The global Biolubricants Market contains two prime application sectors that are automotive and industrial. These sectors were the largest in the year 2015, which accounted around 56 percent of the total market share. The industry is led by automotive engine oils in this segment, as these oils have superior performance compared to traditional engine oils. Moreover, engine oils that are bio-based emit less poisonous substance to aquatic organisms; have higher rate of biodegradation and extremely low levels of bioaccumulation which are said to be factors that boost the utilization of these oils. A considerable share was held by process oils in industrial applications. These oils are extensively used in the chemicals and technical industries in order to enhance the process of production. Rising requirement for these specialty chemicals in upcoming economies of the Asia Pacific region are said to boost the utilization of these oils.

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.

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Industry Outlook and Trend Analysis:

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.

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Development Outlook and Trend Analysis:

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 production of Biolubricants widely depends on animal oils as well as vegetable oils that are side products of various industrial processes. Processing technologies that are complicated also boost the cost of production which may hinder the growth of the market.

The Biolubricants Market is segmented as follows-

Biolubricants Market, By Source, Estimates and Forecast, 2016-2025 ($Million)

Animal Fats
Edible and Non-edible oils
Other Sources

Biolubricants Market, By Application, Estimates and Forecast, 2016-2025 ($Million)

Greases
Metal working
Automotive
Oilfield
Industrial lubricant
Other Applications

Biolubricants Market, By End User, Estimates and Forecast, 2016-2025 ($Million)

Oil and Gas
Marine Industry
Construction
Automotive Industry
Other End Users

What makes our report unique?

1) An extensive research study on the Global Biolubricants market, and its entire ecosystem, describes the market trends, drivers, restraints and opportunities of the Biolubricants market.
2) We provide you the longest possible market segmentation based on type of products, procedures and geography and describe the market share region wise.
3) The report gives a bird eyes view on the competitive landscape which includes mergers and acquisitions, collaborations, market strategies, and new product launches.

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Major TOC of Biolubricants Market:

Part 5. Biolubricants Market, By Application
5.1.Introduction
5.2.Biolubricants Market Assessment and Forecast, By Application, 2016-2025
5.3.Greases
5.3.1.1.Market Assessment and Forecast, By Region, 2016-2025 ($Million)
5.4.Metal working
5.4.1.1.Market Assessment and Forecast, By Region, 2016-2025 ($Million)
5.5.Automotive
5.5.1.1.Market Assessment and Forecast, By Region, 2016-2025 ($Million)
5.6.Oilfield
5.6.1.1.Market Assessment and Forecast, By Region, 2016-2025 ($Million)
5.7.Industrial lubricant
.7.1.1.Market Assessment and Forecast, By Region, 2016-2025 ($Million)
5.8.Other Applications
5.8.1.1.Market Assessment and Forecast, By Region, 2016-2025 ($Million)
Part 6.Biolubricants Market, By End User
.1.Introduction
6.2.Biolubricants Market Assessment and Forecast, By End User, 2016-2025 ($Million)
6.3.Oil and Gas
6.3.1.1.Market Assessment and Forecast, By Region, 2016-2025 ($Million)
6.4.Marine Industry
6.4.1.1.Market Assessment and Forecast, By Region, 2016-2025 ($Million)
6.5.Construction
6.5.1.1.Market Assessment and Forecast, By Region, 2016-2025 ($Million)
6.6.Automotive Industry
6.6.1.1.Market Assessment and Forecast, By Region, 2016-2025 ($Million)
6.7.Other End Users
6.7.1.1.Market Assessment and Forecast, By Region, 2016-2025 ($Million)
…CONTINUED FOR TOC

Research Methodology:

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

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