Global Biolubricant Market to Grow at a CAGR of 6.3% During 2015-2019
The global biolubricants market to grow at a CAGR of 6.3% over the period 2014-2019. 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...
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