Lubricants are liquid agents that smoothen the movement of various moving parts of a vehicle. They are made up of base oils and performance-enhancing additives that help reduce friction in automotive components such as gear boxes and engines.
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Environmental and toxicity issues of conventional lubricants coupled with rising cost due to shortage and poor biodegradability have led to huge interest in the improvement of eco-friendly lubricants. Increasing supply of high-performing, cost-effective green oils in the framework of government regulations is predicted to drive bio-lubricants market growth. Furthermore, various industry players are mostly focusing on developing novel green formulations for various end users, which is expected to upsurge the industry growth. However, the high cost of bio-lubricants along with lack of acceptance in underdeveloped countries may hamper the bio-lubricants market. Nevertheless, growing use of bio-lubricants in the automotive industry is expected to provide a wide scope for the bio-lubricants industry over the forecast period.
The Americas held the majority of the market share due favorable regulatory policies and an increased demand from the automotive as well as industrial sector. The report includes an in-depth analysis of the key regions and the forecast of the market shares by 2019. BRICS nations are expected to register the highest growth rate owing to rapid industrialization. A significant increase in the industrial demand for bio-lubricants is expected to emanate from emerging economies during the forecast period.
The global Biolubricant market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Biolubricant volume and value at global level, regional level and company level. From a global perspective, this report represents overall Biolubricant market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
Key companies profiled in Biolubricant Market report are BP, Cargill, China National Petroleum Corporation, Exxon Mobil, Shell and more in term of company basic information, Product Introduction, Application, Specification, Production, Revenue, Price and Gross Margin (2014-2019), etc.
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Table of Content
1 Biolubricant Market Overview
2 Global Biolubricant Market Competition by Manufacturers
3 Global Biolubricant Production Market Share by Regions
4 Global Biolubricant Consumption by Regions
5 Global Biolubricant Production, Revenue, Price Trend by Type
6 Global Biolubricant Market Analysis by Applications
7 Company Profiles and Key Figures in Biolubricant Business
8 Biolubricant Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Global Biolubricant Market Forecast
12 Research Findings and Conclusion
13 Methodology and Data Source