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Global Food Grade Lubricants Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread): Ken Research

01-25-2022 04:24 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Ken Research Pvt Ltd

Global Food Grade Lubricants Market Report 2020 by Key Players,

Food grade lubricant is a specific group of industrial lubricants, which is generally used to reduce the wear & tear caused by friction, corrosion, and chemical oxidation on the industrial machinery. Food grade lubricants encompass HI, H2, and H3 lubricants, in which HI lubricants are usually used as anti-corrosion sealing films approved for incidental food contact in the food packaging environment.

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Food grade lubricants resist the degradation of food products and exhibit neutral chemical-behavior toward the food processing equipment as well as food packaging materials while complying with food or health safety regulations. Food grade lubricants can be generally derived from petroleum or synthetically manufactured. Based on base oil, food grade lubricants can be categorized into synthetic oil based, mineral oil based, and biobased. Food grade lubricants play a vital role in the food industry owing to the favorable properties of aluminum complex thickened grease for instance water resistance, high temperature resistance, and chemical inertness toward food processing equipment. Food grade lubricants are mainly used in pharmaceutical, food & beverage, and cosmetics industries.

Referring to the study, Global Food Grade Lubricants Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread). Some of the key companies operating in the global food grade lubricants market include Kluber Lubrication Munchen SE & Co. KG, Petro-Canada Lubricants Inc., Royal Dutch Shell Plc., Total S.A., FOOMA JAPAN, Fuchs Petrolub SE, BP JAPAN K.K., Exxon Mobil Corporation and among others.

Based on types, food grade lubricants market can be segregated as synthetic oil and mineral oil. Synthetic oil includes PAG (Polyalkylene Glycol) and PAO (Polyalphaolephins). Synthetic oil segment dominates the global market owing to superior performance characteristics compared to its counterparts. Mineral oil food grade lubricants are generally used segment as they are very cheaper and readily available. In addition, based on application, market can be segregated as pharmaceuticals & cosmetic, beverages and food. Additionally, the food industry is expected to witness higher growth rate due to strict food safety regulations across the developed & developing countries during the forecast period.

Availability of food grade lubricant in aerosol & foam, followed by stringent policies by government and expansion of food, beverages, and pharmaceutical industries are some major factors, which are responsible for growth of the food grade lubricants market. Apart from this, lack of proper training and awareness may impact the market. Moreover, adoption of synthetic-based food grade lubricants and increase in bio-based food grade lubricants are leading opportunities for global market.

Based on regional analysis, the Europe region holds major share in global food grade lubricants market owing to stringent food safety measures by the government and rise in demand for food-grade lubricants across the region. The Asia-Pacific and North-America regions are estimated to witness higher growth rate due to increase in awareness of the food industry and rise in consumer health consciousness over the forecast period. It is projected that future of the global food grade lubricants market will be bright on account of increase in applications in the food & beverage industry during the forecast period.

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https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/food-grade-lubricants/343861-101.html

Related Reports:-
https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/food-grade-lubricants/330338-101.html

https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/food-grade-lubricants/503200-101.html

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Ken Research is a research based management consulting company. We provide strategic consultancy to aid clients on critical business perspective: strategy, marketing, organization, operations and technology transformation, advanced analytics, corporate finance, mergers & acquisitions and sustainability across all industries and geographies. We provide business intelligence and operational advisory across 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Some of top consulting companies and Market leaders seek our intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.

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