Press release
Polyolesters for Bio-based Lubricants and Lubricant Additives Market to Record Study Growth by 2023
Get sample of this report at: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=10601
The global market for polyolesters for bio based lubricants was valued US$412.9 mn and is expected to value worth US$735.9 mn by 2023 with a rising CAGR of 6.7%. Among polyolester lubricants in product segment, Trimethylolpropanes is expected to rise at a CAGR of 7.9% compared to other polyolesters. Europe is the leading region among all other regions. It held 40% of share during 2014 and is expected to lead the market.
Shift to Bio Based Oils will Boost Market Growth of Polyolesters
Polyolesters are benefiting due to implementation of tough norms regarding the emissions of harmful pollutants in the air. Due to its characteristics of being bio based, it is in demand in the market. Several end users are shifting their preference to polyolesters for bio based lubricants and lubricant additive due to the rising concern about the hazardous impacts of petroleum based lubricants. The market will be rising significantly due to population’s concern to restore the environment by combating stringent emission norms causing global warming. Government regulating framework for usage of lubricants and other fluids is likely to boost the market. The global aviation sector will fuel the market for polyolesters lubricants during the forecast period. The entrance of new players in the market is also likely to bring a significant change in the market. Polyolesters are used in a variety of oils such as refrigerant oil, transformer oil, industrial greases, industrial gears, automotive lubricants, compressor oil, metalworking oil, and aviation oil thus, increasing its demand in the different industries in the market.
High Price of Lubricants to Hamper the Growth of Market
The lack of government support in some emerging regions are likely to hamper the growth of the market. This might affect the usage of industrial products that are environmentally viable. Bio based additives and lubricants are high in price which will hamstrung the global polyolesters market growth for bio based lubricants and lubricant additives. Due to this restrain, the market will be suffering the most in the developing regions. Conventional lubricants are used on a large scale in the developing economies thus the shift to polyolester lubricants is hard. The lack in efforts to change the scenario by government is the major restrain in the growth of polyolesters market growth.
The information in this review is based on the findings of a report by Transparency Market Research, titled “Polyolesters for Bio-based Lubricants and Lubricant Additives Market (Product – Neopentyl Glycols, Trimethylolpropanes, Pentaerythritols, and Dipentaerythritols; Application – Automotive Lubricants, Aviation Oil, Refrigerant Oil, Metalworking Oil, Compressor Oil, Biodegradable and Fire-resistant Hydraulic Fluids, Industrial Gear, Transformer Oil, and Greases) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023.”
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Polyolesters for Bio-based Lubricants and Lubricant Additives Market to Record Study Growth by 2023 here
News-ID: 1230123 • Views: …
More Releases from Transparency Market Research Reports
High Purity Quartz Market - Global Industry Report, 2030
High Purity Quartz Market: Introduction
Albany, NY - The global high purity quartz market was valued at ~US$ 800 Mn in 2019 and is anticipated to expand at a CAGR of ~6% during the forecast period. The global high purity quartz market is driven by increase in demand for high purity quartz in the global semiconductor industry. Asia Pacific accounts for a major share of the global high purity quartz market,…
Smart Remote Control Market: Analysts Expect Robust Growth in 2028
The rise in the use of technology across the globe has hit the shore of remote controls too. On the back of technological advancements, the smart remote control market may gain considerable momentum across the forecast period of 2019 -2028. The shift in consumer preference from cost-effectiveness to convenience is serving as a prominent growth factor for the smart remote control market. Based on technology type, the smart remote control…
HYDROGEN SULFIDE SCAVENGERS MARKET TO REACH A VALUE OF ~US$ 655 MN BY 2027: TRAN …
Hydrogen Sulfide Scavengers Market: Key Highlights
The global hydrogen sulfide scavengers market was valued at ~US$ 440 Mn in 2018, and is anticipated to expand at a CAGR of ~5% from 2019 to 2027. Increase in crude oil production enhances oilfield operations such as drilling, cementing, production, workover and completion, and well stimulation. This drives the demand for production chemicals such as hydrogen sulfide scavengers.
The demand for crude oil is increasing…
METAL-ORGANIC FRAMEWORK MARKET TO REACH A VALUATION OF ~US$ 24 MN BY 2027: TRANS …
Metal-organic Framework Market: Introduction
In terms of value, the global metal-organic framework market is anticipated to expand at a CAGR of ~11% from 2019 to 2027
Metal-organic framework is a class of porous materials constructed from metal-rich inorganic nodes bonded with organic linkers. The structure provides high density of three-dimensional porous cores with a large surface area, uniform cross-linkages, and tunable porosity. Metal-organic framework possesses excellent absorption rate for hydrogen, water, carbon…
More Releases for Lubricant
Malaysia Automotive Lubricant Market
Automotive Lubricants Market in Malaysia is driven by the Growth in Number of Passenger Vehicles on Road and the rapidly increasing demand for High Performing Lubricants Despite their premium pricing: Ken Research
Increase in income level generally in urban areas contributing towards increasing demand for Passenger Vehicles and a shift in preference to expensive synthetic and semi-synthetic lubricants have driven the market for Automotive Lubricants industry in recent years.
A Significant growth…
Automotive Lubricant Market: Demand for High Quality and Efficient Lubricant to …
The global automotive Lubricant market size is expected to reach USD 79.91 billion by 2026, exhibiting a CAGR of 1.58% during the forecast period. The growing adoption and popularity of synthetic Lubricant in the automotive sector will have a positive impact on the automotive Lubricant market growth during the forecast period. The growing innovation in Lubricant has improved the overall of quality, which has led to extended oil drain and…
Water-based Personal Lubricant Market Report 2018: Segmentation by Product (Men' …
Global Water-based Personal Lubricant market research report provides company profile for Blossom Organics, Bodywise, Clean stream, Cumming Corporation, Good Clean Love, Hathor Professional Skincare, BioFilm, Church & Dwight, Reckitt Benckiser, Topco, Ansell and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR…
Vietnam automobile lubricant market beckons
With automotive lubricant demand rising from 2.6 million liters (in 2015) to 4.1 million liters (in 2021), global and regional manufacturers are taking notice of the Vietnam market. How can brands win in this market? Leon Perera, Chief Executive Officer of Spire Research and Consulting, shared his insights on key trends in the Lube Report Asia magazine.
With many players competing in the Southeast Asia market for motorcycle lubricants, leaders will…
Sexual Lubricant Market - Water-based, Silicone - Based, Oil-based & Hybrid Lubr …
The global personal lube market is projected to grow from $953.27 million in 2016 to $1,412.38 million by 2022. The market is projected to grow at a CAGR of 6.77%.
Arizton’s recent market research report on the global personal lube market segments the market by product type (water-based sexual lubricant, silicone-based sexual lubricant, oil-based sexual lubricant, and hybrid sexual lubricant), distribution channels (retail and online), and geography (North America, EMEA, APAC,…
Water-based Personal Lubricant Segment to Dominate Global Sexual Lubricant Marke …
The water-based personal lubricant market is expected to account for 66.84% market share in 2022. Hybrid and silicone-based personal lubricants will be the fast-growing segments by 2022.
Analyst at Arizton state that the hybrid and silicone-based personal lubricant markets are growing at a fast pace. However, the water-based personal lubricants segment will dominate the global sexual lubricant market during the period 2016−2022.
Arizton has recently published an exclusive market analysis report titled…
