Bio-lubricants Market to Reach a Valuation of US$ 2.4 billion by 2025 – Exclusive Report by MarketsandMarkets™

Bio-lubricants Market to Reach a Valuation of US$ 2.4 billion by 2025 - Exclusive Report by MarketsandMarkets™
Browse 234 market data tables and 60 figures spread through 210 pages and in-depth TOC on “Bio-lubricants Market”
Bio-lubricants Market by Base Oil (Vegetable oil, Animal fat), Application (Hydraulic oil, metalworking fluids, chainsaw oil, mold release agents, two-cycle engine oils, gear oils, greases), End-use, Region

Bio-lubricants or environmentally accepted lubricants (EAL) are lubricants derived from renewable sources. These lubricants are readily biodegradable, less toxic, and do not harm aquatic organisms and surrounding vegetation. Bio-lubricants have several environmental advantages over petroleum-based lubricants because of the inherent qualities of vegetable oils. Vegetable oils have a high viscosity index, which does not thin at high temperature, unlike petroleum-based lubricants. They provide better lubricity and longer life to equipment. 

MarketsandMarkets expects the global bio-lubricants market size to grow from USD 2.0 billion in 2020 to USD 2.4 billion by 2025, at a CAGR of 4.1% from 2020 to 2025. The market for Bio-lubricants is segmented, based on base oil as vegetable oil, animal fat, and others. The vegetable oil segment is projected to be the fastest-growing segment in the overall bio-lubricants market during the forecast period. The growth of this segment is attributed to its properties such as higher biodegradability, higher lubricity, lower volatility, higher shear stability, and higher viscosity index.

Get PDF Brochure for Research Insights at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=17431466 

The bio-lubricants market is classified, based on end-use industries as industrial, commercial transport, and consumer automobile. The industrial segment is projected to register the fastest growth in the overall bio-lubricants market during the forecast period, in terms of value. The growth of the segment is attributed to the increasing demand from the marine industry. 

The bio-lubricants market is studied for five regions, namely, North America, Asia Pacific, Europe, the Middle East & Africa, and South America. The Europe region accounted for the largest market share in 2019, in terms of both value and volume. The market for bio-lubricants in this region is projected to register a CAGR of 3.6% between 2020 and 2025, in terms of value.

The bio-lubricants market is dominated by large players, such as ExxonMobil (US), Royal Dutch Shell (Netherlands), Total SA (France), BP (UK), FUCHS Group (Germany), Cargill Inc. (US), and Panolin (Switzerland). These players have adopted various growth strategies, such as expansions, new product developments, and acquisitions, and agreements, to increase their market shares and enhance their product portfolios.  

Request a Sample of this Report at https://www.marketsandmarkets.com/requestsampleNew.asp?id=17431466  

In March 2020, Royal Dutch Shell announced the expansion of the lubricant production facility located at Marunda Centre, Indonesia. After the expansion, the plant will be capable of 300-million-liter lubricant production. 

In December 2019, FUCHS Group acquired 50% shares of three distributor companies based in Zimbabwe, Zambia, and Mozambique to enhance its presence in sub-Saharan Africa. 

In January 2018, ExxonMobil launched Mobil SHC Aware HS (Hydraulic System) Series hydraulic oils, which provides protection in challenging marine operating environments and meet VGP requirements for EAL. This will provide the company with a competitive advantage over others in the bio-lubricants market in the marine sector.

Share Your Requirements & Get Customized Reports at https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=17431466 

About MarketsandMarkets™ 

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. 

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. 

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/biolubricants-market-17431466.html