Global Biolubricant Market Trends, Applications, Analysis, Growth, and Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global biolubricant market in its upcoming report titled, “Global Biolubricant Market Trends, Applications, Analysis, Growth, and Forecast to 2027”. The global biolubricant market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018 to 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 biolubricant market has been segmented on the basis of base oil type, application, end use, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Biolubricants, also known as bio-based lubricants or bio-lubes, are made from a variety of vegetable oils, such as rapeseed, canola, sunflower, soybean, palm, and coconut oils. Bio-based lubricants are renewable & biodegradable in nature and do not persist in the environment for a longer period of time. Biolubricants are widely used in machinery that loses oil directly into the environment during use, total loss lubricants (TLLs), and in machinery used in any sensitive areas, such as in or near water. Applications for TLLs include two-stroke engines, chainsaw bars and chains, railroad flanges, cables, dust suppressants, and marine lubricants. As compared to petroleum-based lubricants, biolubricants offer better safety, owing to higher flashpoints, constant viscosity, and less oil mist and vapor emissions.

Growing consumption of biolubricant, owing to stringent government regulations on the use of petroleum based lubricants is a major factor expected to drive growth of the global biolubricant market over the forecast period. In addition, increasing adoption of bio-based lubricants, owing to volatile prices of crude oil is another factor expected to propel growth of the target market in the near future.

However, higher prices of bio-lubricants in comparison to other petroleum based oils is a major factor expected to limit growth of the global biolubricant market over the forecast period. Also, bio-based lubricants become highly viscous even at low temperature which may hamper growth of the target market in the near future.

Market in Europe accounts for highest market share in the global biolubricant market in terms of revenue. This can be attributed rising environmental concerns that are addressed through various emission standards and increasing consumption of biodegradable products in the region.

The markets in North America and Asia-Pacific are expected to witness significant growth over the forecast period, owing to increasing bio-based lubricant consumers due to ongoing research and development activities coupled with stringent government regulations against use of conventional lubricants in the region. Also the market in Asia-Pacific is expected to register a CAGR of X.X% during the forecast period.

Global biolubricant market segmentation:

By Base Oil Type:

• Vegetable Oils
• Animal Fats

By Application:

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

By End Use:

• Industrial
• Commercial Transport
• Consumer Automobile

By Region:

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