Food Grade Lubricants Market Growing at 6.65% CAGR during 2017 to 2021

Global Food Grade Lubricants Market 2017-2021 report presents top vendors in the market have been selected based on our perception of their importance in the development of the global food grade lubricants market.

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Food grade lubricants market driver is risk of contamination of food. Health and safety have always been major concerns in the food industry. The contamination of food products, besides causing major damage to the revenue, also hampers the image of the company. Lubricant contamination is one of the sources of food contamination. The machinery used in the food industry need to be lubricated from time to time for its proper functioning. This gives rise to the chance of food contamination in the industry. Even after the use of a strict HACCP plan, there is always a possibility of contamination due to the leakage of lubricants. The H1 grade of lubricants are specially designed for use in food grade companies to reduce health and safety risks. There are rules and regulations that prohibit the use of non-food grade lubricants. In the US, the FDA makes it mandatory to use food grade lubricants in industries.

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The analysts forecast global food grade lubricants market to grow at a CAGR of 6.65% during the period 2017-2021. Food grade lubricants refer to the group of industrial lubricants, which are used to minimize wear and tear on machinery in the industry by reducing binding and friction. In some extreme cases, they may also prevent or reduce electrical resistivity, while increasing thermal conductivity. These lubricants are applied on fluids, greases, and oils to prevent the corrosion of surfaces.

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The report, Global Food Grade Lubricants Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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