Bio-Based Lubricants Market Progresses for Huge Profits During 2017–2022 with Key Players: Exxon Mobil Corporation, Royal Dutch Shell , Chevron Corporation and More

Bio-based lubricants market was $1,924 million in 2015 and is expected to reach $2,799 million by 2022, registering a CAGR of 5.3% during 2016 - 2022.

Europe, the largest consumer of bio-based lubricants in 2015, is expected to get surpassed by Asia-Pacific by 2022, due to increasing adoption of bio-based materials in emerging economies such as China, India, coupled with ongoing government initiatives in the region.

Market Players In Value Chain Ineos Bio, GreenHunter, Brasil Ecodiesel, Archer Daniel Midland Co., Infineum International Ltd., Tianhe Chemicals Group, Evonik Industries Ag, Croda International Plc, The Lubrizol Corporation and More

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The report focuses on the global bio-based lubricants market as well as its applications such as hydraulic fluid, metal working fluids, greases, high performance oils, penetrating lubricants, food grade lubricants, and similar others. The report highlights numerous factors that influence the bio-based lubricants market, such as forecast, trends, drivers, restraints, opportunities, and the role of different key players. In addition, the report focuses on the sources of different bio-based lubricants such as vegetable oil and animal fat.

It presents data in terms of both value and volume by putting efforts on.
We refer a broad array of industry sources for our secondary research, which typically include (however, not limited to): Company SEC filings, annual reports, company websites, broker & financial reports, investor presentations for competitive scenario, and shape of the industry. In addition, we have reached various industry leaders across the globe to understand the market dynamics of bio-based lubricants.

Bio-based lubricants are used in heavy machineries where total loss of lubricants into environment is more. The major application of bio-based lubricant includes two-stroke engines, rail road flanges, chainsaw bars, and dust suppressants among others. In addition, bio-based lubricants outstrips petroleum lubricants, therefore, comparatively less amount is required as compared with traditional lubricants. Bio-based lubricants are renewable & biodegradable in nature and do not persist in the environment for a longer period of time.

The global bio-based lubricants is segmented on the basis of raw material, end-user industry, application, and geography. Based on the raw material, it is classified into lubricants produced from vegetable oils or animal sources. According to the end-user industry, the segmentation includes transportation and industrial. Bio-based lubricants have various applications such as hydraulic fluid, metal working fluids, greases, high performance oils, penetrating lubricants, food grade lubricants, and many others.

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The major factors that drive the global market for bio-based lubricants are stringent government regulations on the use of petroleum based lubricants, volatile prices of crude oil, and tax incentives. However, the higher prices of bio-lubricants in comparison to other petroleum based oils will hamper the growth of the global bio-based lubricants market.

Geographically, the market is segmented across North America, Europe, Asia-Pacific, and LAMEA. Europe and Asia-Pacific are the largest bio-based lubricants consumers due to the ongoing R&D activities in this field and stringent government regulations against the use of conventional lubricants.

Bio-Based Lubricants Market Key Benefits

• The report provides an extensive analysis of the factors that drive as well as restrain the growth of the global bio-based lubricants market.
• The market projections from 2014 to 2022 are included along with the impacting factors are mentioned in the report.
• The report also provides quantitative as well as qualitative trends to assist the stakeholders understand the market scenario.
• In-depth analyses of the key segments of the market demonstrate the consumption of bio-based lubricants in different applications across different end-user industries.
• Competitive intelligence highlights the business practices adopted by the leading market players across various geographies.

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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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