Food Grade Lubricants Market Projected to Reach Approximately USD 406.6 Million by 2030

Global Food Grade Lubricants Market size was valued at $230.4 million in 2020, and is projected reach $406.6 million by 2030, registering a CAGR of 5.9% from 2021 to 2030.

Kosher and halal certified food grade lubricants are gaining high traction to meet the customary and dietary regulations of various regions and cultures.

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Food grade lubricants in the form of aerosols and spray-able foams are very easy to use and effective. It has made the adoption of such types of lubricants more common in the food & beverages industry. Applying regular lubricating oils and greases can sometimes become difficult. That is due to the fact that there are some small spaces and tough to reach areas in machines that are very difficult to access. Accessing these areas with long straw-like nozzles that are attached to spray cans is much easier and much more convenient. The lubricating foam also sticks better to the machine parts, reducing the risk of leakage, and providing better protection to the machines. It is also possible to cover more area per application if the lubricant is sprayed on machines. It saves a lot of time and effort, which reduces the downtime in factories.

Ease of applicability, better performance, and time-saving are some of the top factors leading to the use of aerosols and foam food grade lubricants, thereby driving the food grade lubricants market growth. Synthetically made lubricants have a lot of advantages over mineral-based food grade lubricants. These types of lubricants are expected to gain market share in the near future. Synthetic lubricants are specifically designed to be more durable. They have very long life and need not to be changed as frequently as mineral oil. Furthermore, these lubrications provide extensive protection from wear & tear to the machinery. These synthetic lubricants have gained huge traction, owing to superior performance in very low as well as very high operating conditions. Furthermore, these synthetic lubricants can also be customized as per customer requirements. With myriad of advantages of synthetic lubricants, including but not limited to improved viscosity, there is high wear resistance at elevated temperatures & stress levels. Innovation and introduction of new compounds to improve synthetic lubrication characteristics and customization provide new opportunities.

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The food grade lubricants market is heavily dependent on the food & beverages industry for its growth. The shutdown of the food processing and manufacturing plants in the early stages of the pandemic adversely affected the market. However, with easing restrictions subsequently and being classified as essential services, the global food grade lubricants industry recovered steadily.

Some of the major players profiled for in the food grade lubricants market analysis include Brit-Lube, Clearco Products Co., Inc, Freudenberg Group, Fuchs Group, HollyFrontier Corporation, Hydrotex Lube, Interflon, Lubriplate Lubricants Company, Metalube, and SKF Group. Other prominent players analyzed in the report are BP PLC, International Products Corporation, David Weber Oil Co, Exxon Mobil Corporation, Total Specialties, Condat, and Repsol.

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