The report highlights numerous factors that influence the Bio Based Lubricants market, such as forecast, trends, restraints, opportunities, and the role of different key players

Portland, OR -- (SBWire) -- 10/13/2017 --Bio-based lubricants are used in heavy machineries where total loss of lubricants into environment is more. The major application of bio-based lubricant includes two-stroke engines, rail road flanges, chainsaw bars, and dust suppressants among others.

The global market is segmented on the basis of raw material, end-user industry, application, and geography. Based on the raw material, it is classified into lubricants produced from vegetable oils or animal sources. According to the end-user industry, the segmentation includes transportation and industrial.

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Bio-based lubricants market was $1,924 million in 2015 and is expected to reach $2,799 million by 2022, registering a CAGR of 5.3% during 2016 - 2022.

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Bio-based lubricants are used in heavy machineries where total loss of lubricants into environment is more. The major application of bio-based lubricant includes two-stroke engines, rail road flanges, chainsaw bars, and dust suppressants among others.

Bio-Based Lubricants Market Key Segments

BY RAW MATERIAL

-Vegetable Oils
-Animal Fat

BY END-USER INDUSTRY

-Transportation
-Industrial

BY APPLICATION

-Hydraulic Fluid
-Metal Working Fluids
-Greases
-High Performance Oils
-Penetrating Lubricants
-Food Grade Lubricants
-Others