Bio-Lubricants Market Outlook, Market Share, Size, Trends, Growth, Forecast and Analysis of Key Players 2026
According to IMARC Group’s latest report, titled “Bio-Lubricants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global biolubricants market grew at a CAGR of around 4% during 2015-2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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Bio lubricants are bio-degradable chemicals made from materials, such as vegetable oil and animal fat, that aid in reducing friction between two surfaces that are in contact. They are manufactured using oil-rich seeds, grasses, algae, food and plastic waste. Some of the commonly available bio-lubricants include transmission, hydraulic and metalworking fluids and engine, gear, grease, process and other industrial oils. They are highly sustainable, cost-effective, minimize energy consumption and increase the machine’s operational life. These lubricants are widely used in industries, such as power generation, automotive, transportation, food and beverage, metallurgy, metalworking and chemical manufacturing.
Market Trends and Drivers:
The global bio-lubricants market is primarily being driven by the rising product application in the transport and manufacturing industries. Bio-lubricants exhibit superior properties, such as constant viscosity, high flash points, biodegradability and minimal carbon emission levels due to which they are widely used for various industrial applications. The increasing consumer awareness regarding the adverse effects of petroleum-based lubricants is also expected to drive the market further. Moreover, the implementation of favorable government policies regarding the use of sustainable products due to the increasing environmental concerns is contributing to the market growth.
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Bio-Lubricants Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the bio-lubricants market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Albemarle Corporation
- BP Plc
- Chevron Corporation
- Kluber Lubrication Munchen SE & Co. KG (Freudenberg Chemical Specialities SE & Co. KG)
- Panolin AG
- Polnox Corporation
- Exxon Mobil Corporation
- Fuchs Petrolub SE
- Total SE
- Quaker Chemical Corporation
- Royal Dutch Shell PLC
- Emery Oleochemicals
Key Market Segmentation:
The report has segmented the global bio-lubricants market on the basis of base oil type, application, end use industry and region.
Breakup by Base Oil Type:
- Vegetable Oils
- Animal Fats
Breakup by Application:
- Hydraulic Fluids
- Metalworking Fluids
- Chainsaw Oils
- Mold Release Agents
- Two-Cycle Engine Oils
- Gear Oils and Greases
Breakup by End Use Industry:
- Power Generation
- Heavy Equipment
- Food & Beverage
- Metallurgy & Metalworking
- Chemical Manufacturing
Breakup by Region:
- North America
- Latin America
- Middle East and Africa
Key Highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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