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Bio Based Lubricants Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2014 - 2020

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Global Bio Based Lubricants Market: Overview

The increasing depletion of crude oil resources and the increasing awareness about their environmental implications have led to the development of environment-friendly lubricants. This is because crude oil based lubricants have health implications and are also a cause of pollution that environment-friendly products are free of. Lubricants usually impact the environment at all stages from production to use to disposal and thus need to be non-toxic to humans either through inhalation or contact during production and use.

Bio based lubricants are mainly synthesized from vegetable oil and oilseeds. Bio based lubricants are mostly made of esters, which are either natural, oleo chemical, or complex. While natural esters are triglycerides of vegetable oils, oleo chemical esters of fatty acids are polyol esters and diesters and complex esters. These lubricating substances are synthesized from numerous cultures, usually rapeseed or sunflower, but can also be produced from exotic oils. Moreover, depending on the usage, fatty acids can also be derived from palm oil and coconut oil and these oils have distinguished properties in comparison to the oils that are commonly use, predominantly in terms of oxidation stability.

The report is a complete study of current market trends, growth drivers, and restraints that will impact the growth of the global bio based lubricants market between 2014 and 2020. Using validated research tools and assumptions, the report presents market size estimates and competitive structure of the market until the end of the forecast period in 2024.

Global Bio Based Lubricants Market: Drivers and Restraints

The implementation of mandates for the usage of bio based lubricants and growth in end-user industries such as transportation, shipping are some of the major factors driving the global bio based lubricants market. The increasing use of bio based lubricants derived from renewable resources is also due to their low toxicity, high biodegradability, and environment-friendly nature. Due to the natural abundance and high lubricating properties of vegetable oils, they are increasingly finding application in hydraulic fluids, petroleum fuel additives, engine oils, and metalworking fluids. With increasing demand for vegetable oils, their production is also on the rise. For example, the annual production of vegetable oil increased from 55 million metric tons (MMT) in 1980 to 100 MMT by 2000 across the globe. It is projected to reach 200 MMT by 2020.

However, factors such as fluctuations in mineral oil prices and the high cost of production of bio based lubricants are slowing the growth of this market. Nevertheless, rapid industrialization predominantly in emerging economies is expected to offer ample growth opportunities to the growth of this market.

Oil spills and fires that happen due to crude oil based lubricants can impact environmentally sensitive areas such as waterways, harbors, forests, construction sites, agriculture, and mining. Thus, increasing public response to prevent such situations the stipulation of norms that encourages the use of environment friendly lubricants are desirable. This has created an opportunity for the production of environmental friendly lubricants that are synthesized from natural esters such as vegetable oils.

Major Companies Mentioned in Report

Some of the leading players in the global bio based lubricants market are United Bio Lube, Soyatech LLC, Renewable Lubricants Inc., and Nio-based Lubricants LLC among others. Each of the companies is profiled for their attributes of business position, recent developments, product portfolio and specification, and SWOTs.

The global bio based lubricants market is segmented as follows:

Global Bio Based Lubricants Market, by Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

This report gives you access to decisive data such as:

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for the coming years

Key highlights

  • Overview of key market forces propelling and restraining market growth
  • Up-to-date analyses of market trends and technological improvements
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors
  • An array of graphics and SWOT analysis of major industry segments
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis
  • A clear understanding of the competitive landscape and key product segments


The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market     
     

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis. 


Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.


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