Press release
Bio Based Lubricants Market Will See Strong Expansion Through 2020
The increasing depletion of crude oil resources and the increasing awareness about their environmental implications have led to the development of environment-friendly lubricants. This is because crude oil based lubricants have health implications and are also a cause of pollution that environment-friendly products are free of. Lubricants usually impact the environment at all stages from production to use to disposal and thus need to be non-toxic to humans either through inhalation or contact during production and use.
Bio based lubricants are mainly synthesized from vegetable oil and oilseeds. Bio based lubricants are mostly made of esters, which are either natural, oleo chemical, or complex. While natural esters are triglycerides of vegetable oils, oleo chemical esters of fatty acids are polyol esters and diesters and complex esters. These lubricating substances are synthesized from numerous cultures, usually rapeseed or sunflower, but can also be produced from exotic oils. Moreover, depending on the usage, fatty acids can also be derived from palm oil and coconut oil and these oils have distinguished properties in comparison to the oils that are commonly use, predominantly in terms of oxidation stability.
The report is a complete study of current market trends, growth drivers, and restraints that will impact the growth of the global bio based lubricants market between 2014 and 2020. Using validated research tools and assumptions, the report presents market size estimates and competitive structure of the market until the end of the forecast period in 2024.
For More Industrial Insights Get PDF Brochure:
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2920
Global Bio Based Lubricants Market: Drivers and Restraints
The implementation of mandates for the usage of bio based lubricants and growth in end-user industries such as transportation, shipping are some of the major factors driving the global bio based lubricants market. The increasing use of bio based lubricants derived from renewable resources is also due to their low toxicity, high biodegradability, and environment-friendly nature. Due to the natural abundance and high lubricating properties of vegetable oils, they are increasingly finding application in hydraulic fluids, petroleum fuel additives, engine oils, and metalworking fluids. With increasing demand for vegetable oils, their production is also on the rise. For example, the annual production of vegetable oil increased from 55 million metric tons (MMT) in 1980 to 100 MMT by 2000 across the globe. It is projected to reach 200 MMT by 2020.
However, factors such as fluctuations in mineral oil prices and the high cost of production of bio based lubricants are slowing the growth of this market. Nevertheless, rapid industrialization predominantly in emerging economies is expected to offer ample growth opportunities to the growth of this market.
Oil spills and fires that happen due to crude oil based lubricants can impact environmentally sensitive areas such as waterways, harbors, forests, construction sites, agriculture, and mining. Thus, increasing public response to prevent such situations the stipulation of norms that encourages the use of environment friendly lubricants are desirable. This has created an opportunity for the production of environmental friendly lubricants that are synthesized from natural esters such as vegetable oils.
Request for Customization:
https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=2920
Major Companies Mentioned in Report
Some of the leading players in the global bio based lubricants market are United Bio Lube, Soyatech LLC, Renewable Lubricants Inc., and Nio-based Lubricants LLC among others. Each of the companies is profiled for their attributes of business position, recent developments, product portfolio and specification, and SWOTs.
ABOUT US:
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.
Contact
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 Bio Based Lubricants Market Will See Strong Expansion Through 2020 here
News-ID: 1383767 • 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 Bio
Human Plasma Products Market 2023: Industry Future Trends | Takeda, CSL, Grifols …
The Human Plasma Products market research report is proficient and top to bottom research by specialists on the current state of the industry. This statistical surveying report gives the most up to date industry information and industry future patterns, enabling you to distinguish the items and end clients driving income development and benefit. It centres around the real drivers and restrictions for the key players and present challenge status with…
Gene Therapy Products Market | Advantagene, Avalanche Bio, Bluebird Bio, Cellado …
The global gene therapy products market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the gene therapy products market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth…
Bio-based Polymethyl Methacrylate (Bio-PMMA) Market 2023 | Detailed Report
The Bio-based Polymethyl Methacrylate (Bio-PMMA) report compiles the market information depending upon market development and growth factors, optimizing the growth path. In addition, it highlights the strategies and market share of the leading vendors in the particular market. The report follows a robust research methodology model that helps to make informed decisions. It obtains both qualitative and quantitative market information supported by primary research.
The Bio-based Polymethyl Methacrylate (Bio-PMMA) research report…
Bio Pharma Buffer Market – A comprehensive study by Key Players: Bio-Rad, Lonz …
Latest Market intelligence report released by HTF MI with title "COVID-19 Outbreak-Global Bio Pharma Buffer Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020" is designed covering micro level of analysis by manufacturers and key business segments. The COVID-19 Outbreak-Global Bio Pharma Buffer Market survey analysis offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary…
IVIG Market Anticipated a Noteworthy CAGR during 2019-2024 & Companies Included …
A report added to the rich database of Qurate Business Intelligence, titled “World IVIG Market by Product Type, Players and Regions - Forecast to 2024”, provides a 360-degree overview of the Global market. Approximations associated with the market values over the forecast period are based on empirical research and data collected through both primary and secondary sources. The authentic processes followed to exhibit various aspects of the market makes the…
Green & Bio-based Solvents Market Analysis, Demand, & Opportunities till 2023 | …
A latest research report titled as “Green & Bio-based Solvents Market for Paints & Coatings, Printing Inks, Commercial & Domestic Cleaning, Adhesives & Sealants, Pharmaceutical, Cosmetics, and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023” has been recently added to the vast portfolio of Market Research Reports Search Engine (MRRSE) online research offerings. This report is a professional and in-depth analysis on the…
