Global Bio-lubricants Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global bio-lubricants market in its upcoming report titled, “Global Bio-lubricants Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global Bio-lubricants market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global bio-lubricants market report has been segmented on the basis of oil type, application, end user, and region.

Bio-lubricants are biodegradable products substantially composed of certain biological products, agricultural materials or forestry materials. They are non-toxic to humans and aquatic environments. Bio-lubricants are mainly prepared from mono-unsaturated fatty acids. They are successfully used as concrete release agents across the globe.

Rising demand for advanced bio-lubricants that can maintain constant viscosity even at high temperatures from various end use industries coupled with stringent government and environmental regulations are major factors driving growth of the global bio-lubricants market. In addition, increasing application of bio-lubricants and increasing investment by private players into development of advanced bio-lubricants are other major factors anticipated to boost growth of the global bio-lubricants market over the forecast period.

However, high dependency on vegetable and animal oils for production of bio-lubricants is a major factor restraining growth of the global bio-lubricants market. Additionally, high costs associated with procurement and use of machinery for bio-lubricants production is another major factor expected to hamper growth of the global market over the forecast period.

Currently, the market in North America dominates the global bio-lubricants market in revenue terms owing to stringent government regulations limiting use of certain lubricants coupled with rising demand for use of renewable lubricants in defense equipment in the region. The market in Europe accounted for second-highest revenue share in the global bio-lubricants market, due to growing demand for bio-lubricants from the automotive industry in the region, followed by markets in Asia Pacific, Latin America, and Middle East & Africa respectively. The market in Asia Pacific is projected to witness fastest growth in terms of revenue, owing to increasing presence of automotive manufacturers and increasing use of bio-lubricants in various automobiles in countries in the region.

Global bio-lubricants market segmentation:

By Type:

• Vegetable Oils
• Animal Fats
• Others

By Application:

• Hydraulic Fluids
• Chainsaw Oils
• Metalworking Fluids
• Mold Release Agents
• Gear Oils
• Two-cycle Engine Oils
• Greases

By End User:

• Industrial
• Commercial Transport
• Consumer Automobile

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa