Bio-Lubricants Market Trends, Demand, Industry Report, Leading Companies, Growth and Opportunities 2021-2026

According to IMARC Group’s latest report, titled “Bio-Lubricants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global bio-lubricants market grew at a CAGR of around 4% during 2015-2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.

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Bio lubricants are bio-degradable chemicals made from materials, such as vegetable oil and animal fat, that aid in reducing friction between two surfaces that are in contact. They are manufactured using oil-rich seeds, grasses, algae, food and plastic waste. Some of the commonly available bio-lubricants include transmission, hydraulic and metalworking fluids and engine, gear, grease, process and other industrial oils. They are highly sustainable, cost-effective, minimize energy consumption and increase the machine’s operational life. These lubricants are widely used in industries, such as power generation, automotive, transportation, food and beverage, metallurgy, metalworking and chemical manufacturing.

Market Trends and Drivers:

The global bio-lubricants market is primarily being driven by the rising product application in the transport and manufacturing industries. Bio-lubricants exhibit superior properties, such as constant viscosity, high flash points, biodegradability and minimal carbon emission levels due to which they are widely used for various industrial applications. The increasing consumer awareness regarding the adverse effects of petroleum-based lubricants is also expected to drive the market further. Moreover, the implementation of favorable government policies regarding the use of sustainable products due to the increasing environmental concerns is contributing to the market growth.

Bio-Lubricants Market 2021-2026 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the bio-lubricants market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

Fuchs Petrolub SE
Total SE
Quaker Chemical Corporation
Royal Dutch Shell PLC
Exxon Mobil Corporation
Panolin AG
Emery Oleochemicals
Albemarle Corporation
BP Plc
Kluber Lubrication Munchen SE & Co. KG
Polnox Corporation
Chevron Corporation

Key Market Segmentation:

The report has segmented the global bio-lubricants market on the basis of base oil type, application, end use industry and region.

Breakup by Base Oil Type:

Vegetable Oils
Animal Fats

Breakup by Application:

Hydraulic Fluids
Metalworking Fluids
Chainsaw Oils
Mold Release Agents
Two-Cycle Engine Oils
Gear Oils and Greases
Others

Breakup by End Use Industry:

Power Generation
Automotive
Heavy Equipment
Food & Beverage
Metallurgy & Metalworking
Chemical Manufacturing
Others

Breakup by Region:

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/bio-lubricants-market

Key Highlights of the Report:

Market Performance (2015-2020)
Market Outlook (2021-2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

This release was published on openPR.