Deerfield Beach, FL -- (SBWIRE) -- 02/26/2016 -- The term biolubricants refers to all lubricants that are nontoxic as well as biodegradable. The rapid depletion of crude oil reserves and issues related to energy conservation and environmental protection have put an emphasis on the development of renewable, biodegradable, and environmentally friendly industrial fluids, such as biolubricants. Biolubricants have a minimum impact on human health and aquatic environment. Lubricants are a key element for industrial and transport applications and more than 95% of the lubricants market is dominated by the low-cost mineral oils. Around 30% of these mineral-based lubricants inevitably end up in the ecosystem and are harmful for environment. Hence, biolubricants being biodegradable are preferred over mineral-based lubricants in terms of environmental safety.

Global biolubricants market to grow at a CAGR of 6.3% over the period 2014-2019.

Covered in this Report

The global biolubricants market is segmented into two divisions based on end-use: automotive and transportation and industrial and commercial. On the basis of raw materials used to manufacture the biolubricants, the market is divided into two divisions: vegetable oil and animal oil.

Global Biolubricants Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key Regions

Americas
APAC
EMEA

Key Vendors

BP
Cargill
China National Petroleum Corporation
Exxon Mobil
Royal Dutch Shell

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Other Prominent Vendors

Chevron
Fuchs Petrolub
Total
United Bio Lube

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