Biolubricants Global Market Expected to Reach $3.34 Billion with 8.3% CAGR Forecast to 2022
Global Biolubricants market is estimated at $1.9 billion in 2015 and is expected to reach $3.34 billion by 2022 growing at a CAGR of 8.3% from 2015 to 2022. The market is expected to grow at a steady growth rate in the next upcoming years. The main factors driving the market growth are strict Government regulations and growing consumer awareness about environment. High price than petroleum products is restraining the market. Reducing prices of crude oil is the key challenge...
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