Press release
Biodegradable Engine Oil Market Size to Hit $1,180.4 million by 2027, At a CAGR of 4.3%
The global biodegradable engine oil market is projected to reach $1,180.4 million by 2027, growing at a CAGR of 4.3% from 2020 to 2027. The biodegradable engine oil market for bio-lubricants has a strong demand for biodegradable and less harmful lubricants that help to optimize costs and maintain a safe environment for consumers. Some of the drivers of the market are environmental regulations, increased production of vegetable oils, and emerging bio-lubricant applications. Bio-lubricants are used across different end-use industries, and their respective disadvantages are surpassed by the long-term benefits of each application. Factors, such as high prices and the decline in crude oil prices, hinder the growth of the market for bio-lubricants.Download Sample PDF: https://www.alliedmarketresearch.com/request-sample/7954
The biodegradable engine oil market is segmented into type, application, and region. Depending on type, the market is categorized into vegetable oils, polyalkylene glycols, synthetic esters, and others. Various applications of biodegradable engine oil studied in the market include agriculture, transportation, construction, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The analysis covers in-depth information of the major industry participants. The key players operating and profiled in the biodegradable engine oil industry include BP, Condat, Croda International Plc., Exxon Mobil, FUCHS Group, NANDAN PETROCHEM LTD., Renewable Lubricants, Repsol, Royal Dutch Shell, and Total Lubricants.
Key findings of the study:
• On the basis of region, the Europe biodegradable engine oil market gained a share of 39.5% in 2019.
• Based on type, vegetable oils garnered a share of 54.6% in 2019.
• On the basis of application, the transportation segment gained 59.6% share in 2019 in terms of revenue.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/7954
Impact of COVID-19 on the global biodegradable engine oil market:
• The world is battling the contagious COVID-19 pandemic, which has spread across the globe.
• Some of the major economies suffering from the COVID-19 crises include Germany, France, Italy, Spain, the UK, and Norway.
• The outbreak has forced many industries to shut down due to lack of raw material availability and disruptions in the supply chain. The global lockdown has suspended the activities of construction and many other industries, which declined the demand for biodegradable engine oil.
• The demand-supply gap, disruptions in raw material procurement, price volatility, and many other factors are expected to hamper the growth of the chemical industry during the COVID-19 pandemic.
• Biodegradable engine oil is primarily used in manufacturing, transportation, construction, consumer goods, and others. As a reaction to the national lockdown, these sectors were experiencing sudden decline in growth rates.
• Less usage of machinery results in reduced demand for industrial lubricants from various end-use sectors. Subsequent downfall in the construction industry across various nations further hinders the market growth.
Get detailed COVID-19 impact analysis on the Biodegradable Engine Oil Market: https://www.alliedmarketresearch.com/request-for-customization/7954?reqfor=covid
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. 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.
Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow us on | Facebook | Twitter | LinkedIn
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 Biodegradable Engine Oil Market Size to Hit $1,180.4 million by 2027, At a CAGR of 4.3% here
News-ID: 2606565 • Views: …
More Releases from Allied Analytics LLP

Heat Meters Market Set to Grow with Rising Demand for Energy Efficiency
According to a new report published by Allied Market Research, the heat meters market size was valued at $1.6 billion in 2022, and is estimated to reach $2.7 billion by 2032, growing at a CAGR of 5.4% from 2023 to 2032.
A heat meter is a device used to measure and quantify the amount of thermal energy (heat) transferred from a heat source to a system or consumer. It accurately measures…

Heat Pump Market Set for Strong Growth Through 2032
According to a new report published by Allied Market Research, the heat pump market size was valued at $71.2 billion in 2022, and is estimated to reach $201.5 billion by 2032, growing at a CAGR of 11.1% from 2023 to 2032.
A heat pump is a versatile and efficient device that transfers heat from one location to another using a refrigeration cycle. It operates by absorbing heat from a low-temperature source…

Energy Efficient Lighting Market Shines Bright with Strong Growth Outlook
According to a new report published by Allied Market Research, the global energy efficient lighting market was valued at $46.2 billion in 2021 and is projected to reach $93.3 billion by 2030, growing at a robust CAGR of 8.1% from 2022 to 2030. This surge reflects a powerful global movement toward greener, smarter, and more cost-effective lighting technologies.
Energy efficient lighting refers to lighting systems and products that use less electricity…

The Future of Energy: How Fuel Cells Are Reshaping Power Generation
According to a new report published by Allied Market Research, titled, "Fuel Cell Market," The fuel cell market size was valued at $3.6 billion in 2020, and is estimated to reach $32.0 billion by 2030, growing at a CAGR of 19.4% from 2021 to 2030.
The fuel cell market has emerged as a transformative force in the global energy landscape, offering a clean, efficient, and sustainable alternative to conventional energy sources.…
More Releases for Biodegradable
Biodegradable Films Market Beyond Plastic: Biodegradable Films Market Drives Eco …
Biodegradable Films Market to reach over USD 1,766.36 Mn by the year 2031 - Exclusive Report by InsightAce Analytic
"Biodegradable Films Market" in terms of revenue was estimated to be worth $1,091.28 Mn in 2023 and is poised to reach $1,766.36 Mn by 2031, growing at a CAGR of 6.41% from 2023 to 2031 according to a new report by InsightAce Analytic.
Get Free Sample Report @ https://www.insightaceanalytic.com/request-sample/1618
Latest Drivers Restraint…
Biodegradable Cup Market Set for More Growth : Biodegradable Food Service, AmerC …
Advance Market Analytics published a new research publication on "Biodegradable Cup Market Insights, to 2027" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Biodegradable Cup market was mainly driven by the increasing R&D spending across the world.
Get Free Exclusive PDF Sample Copy of…
Biodegradable Mg-Alloy Implant market: Technological Advancements in 2022 | Biod …
"The global Biodegradable Mg-Alloy Implant Market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is specially prepared to explore key aspects of the global Biodegradable Mg-Alloy Implant Market. For instance, the market dynamics section digs deep into the drivers, restraints, trends, and opportunities of…
Global Biodegradable plastic Market
Biodegradable plastic is made using raw materials or petrochemicals and can be decomposed by living organisms such as bacteria. Biodegradable plastic takes less time to break down as it is made up of eco-friendly material and requires less energy for production. The global Biodegradable Plastic Market is facing challenges due to the COVID-19 pandemic as the manufacturing facilities and supply chain of many organizations is at a halt. The increasing…
Global Biodegradable Films Market Report
The global biodegradable films market is projected to grow at a CAGR of 6.1 percent in the forecast years, according to a recent research report gathered by the Global Market Estimates.
Browse 167 Market Data Tables and 97 Figures spread through 188 Pages and in-depth TOC on "Biodegradable Films Market - Forecast to 2026"
https://www.globalmarketestimates.com/market-report/global-biodegradable-films-market-2518
By Type (PLA, Biodegradable Polyester, PHA, Starch Blends, Others), By Application (Food Packaging, Agriculture & Horticulture,…
Biodegradable Polymers Market 2019-2025 Worldwide Key Players : Aquapak Polymers …
Adroit Market Research published a study on the “Global Biodegradable Polymers Market Size 2017 By Production (Starch-based, Polylactic acid (PLA), Polyhydroxyalkanoates (PHA), Synthetic), By Application (Packaging, Loose fill, Bags and sacks, Fibre, Others), By Region and Forecast 2018 to 2025”. The global biodegradable Polymers market size is estimated based on the ongoing trend of bioplastic and consumption patterns of the bioPolymerss across the globe. The report also provides the various…