Global BioLubricant Market

Global Bio-Lubricant Market is anticipated to reach USD 3.48 Billion by 2024 from USD 2.24 Billion in 2016 at a CAGR of 6.5%.

Depleting crude oil resources and their environmental implications have led to the development of biodegradable lubricants. Biodegradable lubricants are highly demanded as they are non-toxic, renewable and environmental friendly. Bio-based lubricants are mostly synthesized from vegetable oil and oilseeds and made of esters, which are either oleo chemical, natural, or complex.Global Bio-Lubricant Market

Bio-Lubricant Market based on base oil type is segmented into animal fats, vegetable oils, and others. Vegetable oil is leading type segment of bio-lubricant. Vegetable oils offer better oxidative stability and technical performance than animal fats. Vegetable oil is used in multiple applications and are produced in significant quantity.

Bio-lubricants market by application is categorized into hydraulic fluids, metalworking fuids, chainsaw oils, mold release agents, two-cycle engine oils, gear oils, greases and others. Hydraulic fluids are used in various equipment, such as sweepers, garage trucks, hydraulic elevators, fork lifts and motor graders. High volume consumption of hydraulic fluids leads to the issue allied with the disposal of hydraulic fluids into the environment.

Geographically, the bio-lubricant market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Europe is dominating bio-lubricants market during the forecast period. High demand for biodegradable products due to the stringent environmental regulations in the countries such as Germany, Finland, France, Italy, Norway, and others.

Scope of the Report:
Bio-Lubricant Market, By Base Oil Type:

Animal Fats
Vegetable Oils
Others
Bio-Lubricant Market, By Application:

Hydraulic Fluids
Metalworking Fluids
Chainsaw Oils
Mold Release Agents
Two-cycle Engine Oils
Gear Oils
Greases
Others
Bio-Lubricant Market, By End Use:

Commercial Transport
Industrial
Consumer Automobile
Bio-Lubricant Market, By Geography:

North America
Europe
Asia Pacific
Middle East & Africa
Latin America

Key Players Profiled in the Report:

Cargill (US)
Fuchs (Germany)
Oils (UK)
Panolin (Switzerland)
ExxonMobil (US)
Shell (Netherlands)
Chevron (US)
BP (UK)
Kl ber Lubrication M nchen Se & Co. Kg (Germany)
Total (France)
Albemarle (US)
Emery Oleochemicals (Malaysia)
RSC Bio Solutions (US)
Binol Biolubricants (Sweden)
Carl Bechem (India)