Press release
Global Biolubricants Market 2022 Key Stakeholders, CAGR, Growth Factors and Forecast 2031
The global biolubricants market size is expected to grow from $2.52 billion in 2021 to $2.72 billion in 2022 at a compound annual growth rate (CAGR) of 7.8%. The global bio-based lubricants market size is expected to grow to $3.31 billion in 2026 at a CAGR of 5%.The Business Research Company offers the Biolubricants Global Market Report 2022 in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market's historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.
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The biolubricants market consists of sales of biolubricants by entities (organizations, sole traders, and partnerships) that are used as an alternative lubricant for industrial and maintenance applications because of their superior inherent qualities. These are functional fluids made from vegetable oils and downstream esters. They are produced by using raw materials including rapeseed oil, sunflower oil, palm oil, coconut oil, and animal fats and offer several advantages over conventionally used petroleum-based products. They are non-toxic, renewable, carbon-neutral, and environmentally friendly. They are also known as bio-lubes.
Some key biolubricants market players are Binol Biolubricants, British Petroleum, Cargill Corporation, Chevron Corporation, Royal Dutch Shell Plc, ExxonMobil, Kluber Lubrication, Statoil Lubricants, Total SA, Castrol, HollyFrontier Corporation Millers Oils Ltd, Petronas Lubricant, Renewable Lubricants, and Solution Biogen Sdn Bhd.
The countries covered in the global biolubricants market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global biolubricants market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Biolubricants Market Segmentation:
1) By Base Oil: Vegetable Oil, Animal Fat, Others
2) By Application: Hydraulic Oil, Metalworking Fluids, Chainsaw Oil, Mold Release Agents, Two-Cycle Engine Oils, Gear Oils, Greases, Others
3) By End-User: Industrial, Commercial Transport, Consumer Automobile, Others
See more on the report at https://www.thebusinessresearchcompany.com/report/biolubricants-global-market-report
The Report's Table Of Contents includes
1. Executive Summary
2. Biolubricants Market Characteristics
3. Biolubricants Market Trends And Strategies
4. Impact Of COVID-19 On Biolubricants
5. Biolubricants Market Size And Growth
....
27. Biolubricants Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Biolubricants Market
29. Biolubricants Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the biolubricants market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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