According to a new market report published by Transparency Market Research Biolubricants Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019", the market was valued at USD 11.16 billion in 2012, and is expected to reach USD 15.90 billion by 2019, growing at a CAGR of 5.2% from 2013 to 2019. Lack of adequate power infrastructure and increasing demand for reliable electricity delivery are the major driving forces of this market.
Albany, NY -- (SBWIRE) -- 06/23/2014 -- Biolubricants processed from complete bio-based raw materials such as vegetable oils and animal oils have been considered. The market for bio-based lubricants has been further broken down by application, product types, end user industries and geography. Applications covered in this stiudy include automotive, hydraulic, process, demolding, grease, chainsaw, compressor, turbine, industrial gear, and metal working oils, estimates and forecasts from 2010 to 2018 for volumes and revenues have been reported.
By end users, the bio-based lubricants market can be mainly divided into industrial lubricants, commercial transportation lubricants, and consumer automotive lubricants. The regions covered in the report include North America, Europe, Asia-Pacific, and Rest of the World (ROW). Along with analyzing the above mentioned industries, and regions, this report also analyzes the bio-based lubricants market by types such as vegetable and animal oil.
This report also includes values chain analysis, porters five forces model analysis along with the market share of the major companies which deal in bio-based lubricants in 2011. Some of the major players which deal with bio-based lubricants include Exxon Mobil, Chevron, British Petroleum, Total, Royal Dutch Shell, Castrol, and others. An overview of the above mentioned companies has been provided along with their financial details, business strategies and recent developments.
The demand and expected future performance of bio-based lubricants as per the global scenario have been estimated and analyzed. An in-depth trend analysis of bio-based lubricants by segments, by geography, and manufacturers has been provided. All major types and raw materials of the bio-based lubricants that are active in the market are covered and detailed analysisand forecast have been provided. The market of bio-based lubricants has been segmented as below:
Global Biolubricants market, by raw material
1. Palm Oil
2. Castor Oil
3. Sunflower Oil
Global Biolubricants market, by application
- Automotive Oils
- Hydraulic Oils
- Process Oils
- Demolding Oils
- Lubricating Grease
- Chainsaw Oils
- Compressor Oils
- Turbine Oils
- Industrial Gear Oils
- Metal Working Oils
Global Biolubricants market, by end-user
- Industrial Lubricants
- Commercial Transportation Lubricants
- Consumer Automotive Lubricants
Global Bio-Based Lubricants market, by geography
- North America
- Rest of the World (RoW)
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