Press release
Bio-Lubricants Market | Growth, Trends and Forecasts (2018 - 2022) by Total S.A, Exxon Mobil, Royal Dutch Shell, Chevron Corporation, Kluber Lubrication München Se & Co, Albemarle Corporation, Emery Oleochemicals, Panolin AG, Binol Bio Lubricants, Castro
Development of Bio-Lubricants Products Market Occurring at an Incomparable Pace
April 29, 2018- Exxon Mobil Corporation plans to purchase PT Federal Karyatama (FKT), one of the largest producers and marketers of motorcycle lubricants located in Indonesia. This acquisition is a strategic movement for expansion of business in the fastest emerging region of Asia Pacific. The acquisition is expected to be completed by the third quarter of 2018.
December 01, 2017- Exxon Mobil Corporation announced to combine its refining and marketing operations into a single company named ExxonMobil Fuels & Lubricants Company, in 2018. The company expects to achieve improved decision making and enhanced performance in the market.
Obtain a Sample copy of Latest Trends in Chemical Market @ https://www.marketresearchfuture.com/sample_request/2010
Bio-lubricants Market – Market Overview
Bio-Lubricants, also called as bio-lubes, are produced from rapeseed oil, sunflower oil, animal fats, and others. They are gaining importance due to their bio-degradable, non-toxic, renewable, and environment-friendly nature. The demand for bio-Lubricants is increasing due to the stringent regulations on the use of conventional petroleum based lubricants. The growth of Bio-Lubricants can be attributed to the hazardous environment effects of petroleum-based lubricants. Some of the stringent regulations on use of petroleum-based products by the US EPA and the EU is a major driver of the Bio-Lubricants Market. The major applications of bio-lubricants include greases, automotive engine oil, chainsaw oil, and others. High demand for fuel efficient automotive all across the globe is one of the major driver of the market and is likely to remain so for the future. Apart from the automotive industry, the substitution of mineral oils by plant-based oils, which are used as vegetable oils in food & beverage and healthcare industry is expected to propel the market growth over the forecast period. However, the high cost of the Bio-Lubricants may have a negative impact on the market growth.
Bio-lubricants Market- Competitive Landscape
The Global Bio-Lubricants Market is witnessing rapid growth primarily driven by growing demand from automotive industry. Total S.A., Exxon Mobil Corporation, Royal Dutch Shell Plc., Chevron Corporation, Albermarle Corporation, Emery Oleochemicals, Castrol Limited, and Quaker Chemical Corp. are the leading players in Global Bio-Lubricants Market. Some of the key developments observed in the market are adoption of the acquisition, merger, and expansion by players to strengthen their market position and meet the growing demand. Growing demand from automotive industry coupled with the continuous collaborations and agreements between manufacturers, distributers, and marketing firms are key factors for the growth of Bio-Lubricants in the global market. Considering these trends, the Global Bio-Lubricants Market is set to witness considerable competition over the forecast period of 2017-2023.
Read More about Report @ https://www.marketresearchfuture.com/reports/bio-lubricants-market-2010
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.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-Lubricants Market | Growth, Trends and Forecasts (2018 - 2022) by Total S.A, Exxon Mobil, Royal Dutch Shell, Chevron Corporation, Kluber Lubrication München Se & Co, Albemarle Corporation, Emery Oleochemicals, Panolin AG, Binol Bio Lubricants, Castro here
News-ID: 1424471 • Views: …
More Releases from Market Research Future
Glue Machine Market to Reach USD 14.9 Billion by 2035, Growing at 4.56% CAGR
The Glue Machine Market is witnessing significant growth due to the increasing adoption of adhesive technologies across various industries, including packaging, woodworking, automotive, furniture, and construction. Valued at USD 9.15 billion in 2024, the market is projected to reach USD 14.9 billion by 2035, registering a CAGR of 4.56% between 2025 and 2035.
Glue machines, also known as adhesive application machines, are critical for efficiently dispensing adhesives in industrial and commercial…
Expansion Valves Market to Reach USD 5.39 Billion by 2035, Growing at 4.62% CAGR
The expansion valves market is witnessing steady growth due to increasing demand for efficient heating, ventilation, air conditioning, and refrigeration (HVACR) systems across residential, commercial, and industrial sectors. Valued at USD 3.28 billion in 2024, the market is projected to reach USD 5.39 billion by 2035, growing at a CAGR of 4.62% between 2025 and 2035.
Expansion valves, also known as thermostatic expansion valves (TXVs) or electronic expansion valves (EEVs), are…
Cheese Packaging Market to Reach USD 101.31 Billion by 2034, Growing at 3.50% CA …
The Cheese Packaging Market is poised for steady growth over the next decade due to rising demand for dairy products, evolving consumer preferences, and increasing focus on food safety and sustainability. According to recent estimates, the market was valued at USD 71.87 billion in 2024 and is projected to reach USD 101.31 billion by 2034, growing at a compound annual growth rate (CAGR) of 3.50% between 2025 and 2034.
Cheese packaging…
Maritime Market to Reach USD 2,920 Billion by 2035, Growing at 2.69% CAGR
The Maritime Market is a cornerstone of international trade, logistics, and economic connectivity, serving as the backbone of global commerce. Valued at USD 2,181.1 billion in 2024, the market is projected to expand to USD 2,920 billion by 2035, registering a steady CAGR of 2.69% between 2025 and 2035. Despite modest growth, the industry's scale and importance are unmatched, as more than 80% of global trade volume is carried by…
More Releases for Lubricants
Indonesia Lubricant Market Expected to Surpass USD 4.36 Billion Mark by 2031 | M …
USA, New Jersey: Verified Market Research reports that the global IIndonesia Lubricant Market size was valued at USD 2.46 Billion in 2024 and is projected to reach USD 4.36 Billion by 2032, growing at a CAGR of 7.4% from 2025 to 2032. This steady growth is driven by increasing environmental regulations, rising awareness of pollution control, and expanding applications in industries such as manufacturing, energy, and healthcare.
Indonesia Lubricant Market -…
India Industrial Lubricants Market Drivers: Apar Industries, Valvoline Cummins, …
The India industrial lubricants market is poised for significant expansion, with its valuation anticipated to climb from an estimated USD 59.4 billion in 2025 to a remarkable USD 86.8 billion by 2035, exhibiting a Compound Annual Growth Rate (CAGR) of 3.8%. This impressive trajectory is fundamentally driven by increased domestic manufacturing, substantial infrastructure investment, and rising awareness of predictive maintenance practices across key industries such as steel, cement, textiles, and…
Biodegradable Lubricants Will Support Demand for Agricultural Lubricants
The material known as a lubricant is used to lessen friction or abrasion between two surfaces that are in touch with one another. It is accessible in solid, liquid, and gaseous states and aids in the removal of heat and the transition of power.
Semisolid versions of them can also be discovered. Grease is one of the most typical types of lubricants in a semisolid form. To boost productivity, lubricants are…
Commercial Vehicle Lubricant Market Top Key Players – Repsol, Castrol, ELF Ind …
Lubricants are essential for modern life. Thanks to the sophisticated oil and grease integration, car engines and transmissions run smoothly.
Lubricants are great fluids. Irrespective of weather conditions, engine oil must operate reliably in the temperature range of 40°C to 250°C or higher (piston ring upper temperature). It must also withstand pressures of 105 to 109 Pascals and contaminants such as metal particles and soot.
Lubricants perform the main functions of…
Commercial Vehicle Lubricant Market Top Key Players – Repsol, Castrol, ELF Ind …
Lubricants are essential in modern life. Car machines and gearboxes run smoothly through the integration of advanced oils and fats. Lubricants are remarkable liquids. Regardless of the weather conditions, the engine oil must operate reliably at temperatures of 40 ° C to above 250 ° C - the temperature near the upper piston ring. It also has to deal with presses between 105 and 109 Pascacakes as well as contaminants,…
Commercial Vehicle Lubricant Market Top Key Players – Repsol, Castrol, ELF Ind …
Lubricating oils are essential to modern life. Automotive engines and gearboxes run smoothly due to the sophisticated oil and grease integration. Lubricating oil is an amazing fluid. Regardless of weather conditions, engine oil should operate stably at temperatures in the range of 250 ° C and above (the temperature near the upper piston ring) at 40 ° C. It also deals with pressures between 105 and 109 Pascals, as well…
