Market Research Future Published a Half-Cooked Research Report on Bio-lubricants Market. The Global Bio-Lubricants Market is expected to grow at the CAGR of 7.2% during the period 2016 to 2022.
Global Bio-Lubricants Market has witnessed a remarkable growth in the last few years due to increasing demand of bio based fuels in end use industry. Stringent government regulations and guidelines in relation to high performance and cost effective products is expected to drive the Bio-Lubricants Market growth. Growing concern of degrading eco-system due to use of conventional lubricants will allow the Bio-Lubricant Market to grow further in the forecasted period. Technological innovation, increase in R&D and development in processing method will further boost the bio-lubricant market. North America has the largest share in this market due to increase in production of bio-based fuel and government’s support for the production of vegetable and plant based oil with respect to their increasing consumption. Developed regions like Europe consumes more Bio-Lubricants due to the increasing automobile sector in this continent. Transporting and construction has drastically increased due to easy trading facilities in emerging economies like China and India.
Key players of Bio-lubricants Market report are Total S.A, Exxon Mobil, Royal Dutch Shell PLC, Chevron Corporation, Kluber Lubrication München Se & Co, Albemarle Corporation, Emery Oleochemicals, Panolin AG, Binol Bio Lubricants, Castrol and others.
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“North America dominates market during the forecast period”
Geographically, North America is expected to be the largest market for Bio-Lubricants accounting more than XX% of the total global market of Bio-Lubricant. This growth can be impacted due to strict regulations of government for the usage of bio-lubricants in various end user industries.
Scope of the Study:
The scope of the study categorizes the Bio-Lubricants Market as by type, by application and by end user.
- Edible & Non-Edible oil
- Animal Oil
- Automotive Engine Oils
- Process Oils
- Chainsaw Oils
- Metal Working Fluids
By End User
- Automotive Industry
- Commercial Transport
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