Press release
Global Polyolesters for Bio-based Lubricants and Lubricant Additives Market is expected to exhibit a solid 6.7% CAGR from 2015 to 2023
Polyolester lubricants (POE) are oils that possess the ability to operate at a wide temperature range (-75 F to 600 F). These lubricants demonstrate various properties such as low volatility, good oxidative stability, and high solvency and dispersibility. This makes POE suitable for usage in a wide range of applications. Furthermore, the inclusion of bio-based raw materials makes these lubricants less harmful environmentally vis-à-vis the existing synthetic lubricants. The wide temperature range stability and capability of performing same over extreme conditions makes polyolester bio-based lubricants suitable for applications in automotive, aviation, and refrigeration industries. Rising demand for lubricants in these industries is likely to drive the polyolesters market for bio-based lubricants & lubricant additives in the next few years. However, availability of comparatively lower-cost synthetic substitutes and high costs associated with the production of polyolesters bio-based lubricants are anticipated to hamper market growth during the forecast period. Increase in research & development activities for new polyolester bio-based lubricants and commercialization of the existing polyolester bio-based lubricants for usage in conventional industries are estimated to act as major opportunities in the near future.
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This report analyzes and forecasts the polyolesters for bio-based lubricants & lubricant additives market at the global and regional level. The market has been forecast based on volume (kilo tons) and revenue (US$ Mn) from 2015 to 2023, considering 2014 as the base year. The study includes drivers and restraints of the global polyolesters for bio-based lubricants & lubricant additives market. It also covers impact of these drivers and restraints on demand for polyolesters for bio-based lubricants & lubricant additives during the forecast period. The report highlights opportunities in the market at the global and regional level.
The report includes detailed value chain analysis, which provides a comprehensive view of the global polyolesters for bio-based lubricants & lubricant additives market. Porter’s Five Forces model for the polyolesters for bio-based lubricants & lubricant additives market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein applications are benchmarked based on their market size, growth rate, and general attractiveness.
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Table of Contents
Chapter 1 Preface
Report Description
Research Scope
Assumptions
Market Segmentation
Research Methodology
Chapter 2 Executive Summary
Global Polyolesters for Bio-based Lubricants and Lubricant Additives Market, 2014 - 2023, (Kilo Tons) (US$ Mn)
Polyolesters for Bio-based Lubricants and Lubricant Additives Market: Snapshot
Chapter 3 Polyolesters for Bio-based Lubricants and Lubricant Additives Market – Industry Analysis
Introduction
Value Chain Analysis
Market Drivers
Increasing Demand for Polyolesters in Aviation Industry Projected to Boost Polyolesters Market for Bio-based Lubricants and Lubricant Additives
Environmental Concerns and Ban on CFCs (Chlorofluorocarbons) to Augment Demand for Polyolester Bio-based Lubricants
Restraints
Higher Cost of Polyolesters Bio-based Lubricants than Conventional Lubricants Anticipated to Act as Restraint to Polyolesters Market
Opportunity
Increase in R&D Efforts to Develop New Polyolester Bio-based Lubricant Products to act as Opportunity to Polyolesters Market
Porter’s Five Forces Analysis
Bargaining Power of Suppliers
Bargaining Power of Buyers
Threat of Substitutes
Threat of New Entrants
Degree of Competition
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