Current and Future Industry Trends of Bio Based Lubricants Market Forecast by 2020
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.
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