Global Biolubricants Market to grow at a CAGR of 6.3% over the period 2014-2019; Finds New Report

Report forecast the global biolubricants market to grow at a CAGR of 6.3% over the period 2014-2019.

The term biolubricants refers to all lubricants that are nontoxic as well as biodegradable. The rapid depletion of crude oil reserves and issues related to energy conservation and environmental protection have put an emphasis on the development of renewable, biodegradable, and environmentally friendly industrial fluids, such as biolubricants. Biolubricants have a minimum impact on human health and aquatic environment. Lubricants are a key element for industrial and transport applications and more than 95% of the lubricants market is dominated by the low-cost mineral oils. Around 30% of these mineral-based lubricants inevitably end up in the ecosystem and are harmful for environment. Hence, biolubricants being biodegradable are preferred over mineral-based lubricants in terms of environmental safety.

The global biolubricants market is segmented into two divisions based on end-use: automotive and transportation and industrial and commercial. On the basis of raw materials used to manufacture the biolubricants, the market is divided into two divisions: vegetable oil and animal oil.

According to the report, increased end-user applications is one of the major drivers of the market. Biolubricants can be utilized in many industrial applications: hydraulic oil, chain saw oil, spindle oil, metalworking fluids, industrial gear oils, and greases. The improved lubricity provides better equipment service life and surface finish than petroleum-based lubricants.

Further, the report states that high cost of lubricants is primarily hindering the market growth. The complex manufacturing process of biolubricants and the inability of agriculture to support large-scale production act as a market deterrent. In recent years, a number of vendors have increased the prices of their biolubricant products, which is affecting the growth of the market.

Global Biolubricants Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global biolubricants market: BP plc, Cargill Inc., China National Petroleum Corp. (CNPC), Exxon Mobil Corp. and Royal Dutch Shell plc

Other Prominent Vendors in the market are: Chevron, Fuchs Petrolube SE, Total and United Bio Lube

Key Regions

• Americas
• APAC
• EMEA       

Key Vendors

• BP
• Cargill
• China National Petroleum Corporation
• Exxon Mobil
• Royal Dutch Shell

Other Prominent Vendors

• Chevron
• Fuchs Petrolub
• Total
• United Bio Lube

Market Driver

• Advantages of biolubricants
• For a full, detailed list, view our report

Market Challenge

• High cost of biolubricants
• For a full, detailed list, view our report

Market Trend

• Development of environment-friendly lubricants
• For a full, detailed list, view our report

Key Questions Answered in this Report

• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 78 pages and 35 Exhibits “Global Biolubricant Market 2015-2019” report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Market Segmentation by Raw Material, Market Segmentation by End-User, Geographical Segmentation, Key Leading Countries, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

For further information on this report, please visit- http://mrr.cm/4ek

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