Press release
Bio-based Lubricants Global Market Key Players - Royal Dutch Shell, Green Earth Technologies, Inc., Magna International Pte Ltd., Polnox Corp., Klüber Lubrication
Market OverviewGlobal Bio-based Lubricants Market By Raw Material (Plant Oil, Animal Oil and Others), Application (Hydraulic Oil, Metal Working Fluids, Penetrating Oils, Grease, Transformer Oil, Crankcase Oils Engine Oils, Elevator Hydraulic Fluid, Bar and Chain Oil, Firearm Lubricant and Others), End-User (Consumer Automotive, Commercial Automotive, Industrial and Others), Geography (North America, Europe, Asia-Pacific, Europe, South America and Middle East & Africa) - Industry Trends and Forecast to 2026
Bio-based Lubricants are very much essential in today’s world. Over the years, the science of lubricants and lubrication has advanced considerably. One of the technology named Eni Divisional R & D formulation was introduced for providing world’s leading lubricants for transport, protective and industrial purposes also supplying the needs for many customer segments including shipping, motorists and industrial users.
In past 2-3 years, the most advanced way of making the bio-based lubricants behave like petroleum based lubricants is to strip double bonds from molecules and add new elements or two molecules together to mimic the properties of petroleum lubricants.
One of the environmental advantages for such lubricants is the biodegradability of the exhaust and leakage and not their recyclability. Renewable bio-based lubricants are also known to decrease the friction coefficient between two surfaces.
Global bio-based lubricants market is projected to register a healthy CAGR of 5.9% in the forecast period of 2019 to 2026.
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The Bio-based Lubricants Market competitive landscape provides details by competitor. Details included are organization overview, company financials, revenue generated, Industry potential, investment in research and development, new Bio-based Lubricants Market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company’s focus related to Bio-based Lubricants Market.
Major Market Manufacturers Covered In The Bio-based Lubricants Market Are:
Some of the major players operating in this market are Royal Dutch Shell, Green Earth Technologies, Inc., Magna International Pte Ltd., Polnox Corp., Klüber Lubrication, Castrol Limited, Exxon Mobil Corporation., MMXIX DSI Ventures, Inc., Chevron Corporation, BIOSYNTHETIC TECHNOLOGIES, BECHEM, CITGO Petroleum Corporation, ROCOL, RSC Bio Solutions and others.
Product Launch:
• In February 2019, Exxon Mobil announces two new discoveries offshore in Guyana at the Tilapia-1 and Haimara-1 wells in order to grow their market better.
• In January 2019, Exxon Mobil announced some plans for growth of some of its plants by streamlining upstream organization. The company focuses on end to end management.
• In November 2018, Quaker Chemical Corporation 2019 attended an event which takes place at The Georgia World Congress Centre in Atlanta and offers comprehensive fluid products ranges for tube & pipe and metal working processes.
• In September 2017, Klüber Lubrication 2019 launched an innovative product NSF H1 lubricant for bearings operating under permanent high temperature. After this they have now succeeded in developing a new high-temperature grease for a wide range of applications in the food industry.
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How will this Market Intelligence Report Benefit You?
1. The report offers statistical data in terms of value (US$) as well as Volume (units) till 2027.
2. Exclusive insight into the key trends affecting the Bio-based Lubricants’ industry, although key threats, opportunities and disruptive technologies that could shape the Global Bio-based Lubricants’ market supply and demand.
3. The report tracks the leading Market players that will shape and impact the Global Bio-based Lubricants’ Market most.
4. The data analysis present in the Bio-based Lubricants’ Market report is based on the combination of both primary and secondary resources.
5. The report helps you to understand the real effects of key Market drivers or retainers on Bio-based Lubricants’ Market business.
Global Bio-based Lubricants Market Scope and Market Size
Global bio-based lubricants market is segmented into three notable segments which are raw material, application and end-user.
• On the basis of raw material, the market is segmented into plant oil and animal oil. In 2019, plant oil segment is likely to grow at the highest CAGR in the forecast period of 2019 to 2026.
• In September 2017, Klüber Lubrication 2019 launched an innovative product NSF H1 lubricant for bearings operating under permanent high temperature. After this they have now succeeded in developing a new high-temperature grease for a wide range of applications in the food industry.
• On the basis of application, the market is segmented into hydraulic oil, metal working fluids, penetrating oils, grease, transformer oil and others. In 2019, hydraulic oil is likely to grow at the highest CAGR in the forecast period of 2019 to 2026.
• In November 2018, Quaker Chemical Corporation 2019 attended an event which takes place at The Georgia World Congress Centre in Atlanta and offers comprehensive fluid products ranges for tube & pipe and metal working processes.
• On the basis of end-user, the market is segmented into consumer automotive, commercial automotive, industrial and others. In 2019, commercial automotive segment is likely to grow at the highest CAGR in the forecast period of 2019 to 2026.
• In May 2018, Polnox develop a new product named as Mcln Dual Function corrosion and Rust Inhibitors for the Lubricants which are acceptable to the environment
Based on regions, the Bio-based Lubricants Market is classified into North America, Europe, Asia- Pacific, Middle East & Africa, and Latin America
Middle East and Africa (GCC Countries and Egypt)
North America (United States, Mexico, and Canada)
South America (Brazil, Argentina etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
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The report covers major aspects:
• Various economic factors that are significant in determining the Bio-based Lubricants Market trend, buying decisions and Market attractiveness are being analysed for Market estimation and forecasting.
• The analysis will support stakeholders such as manufacturers and distributors in identifying and capturing Markets with high potential.
• The study also discusses various environmental and regulatory factors critical for the Bio-based Lubricants Market growth.
Strategic Points Covered in Table of Content of Global Bio-based Lubricants Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope Bio-based Lubricants Market
Chapter 2: Exclusive Summary – the basic information of Bio-based Lubricants Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of Analytical Standards
Chapter 4: Presenting Bio-based Lubricants Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region 2013-2018
Chapter 6: Evaluating the leading manufacturers of Bio-based Lubricants Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Customization of the Report:
Data Bridge Market Research also provides customization options to tailor the reports as per client requirements. This report can be personalized to cater to your research needs. Feel free to get in touch with our sales team, who will ensure that you get a report as per your needs.
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
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