Global Demand for Bio-Based Lubricants to Touch 785 Kilo Tons by 2018 Driven by Strong Regulatory Support: TMR
Transparency Market Research, in a report, titled "Synthetic & Bio-Based Lubricants Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth And Forecast, 2012 - 2018," states that the global synthetic and bio-based lubricants market is fueled by the reduction in crude-oil dependence, the surging demand for automobiles, and the support from several regulatory bodies. In 2011, the demand for bio-based lubricants was pegged at 505.6 kilo tons and this is projected to rise to 785.0 kilo tons by...
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