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Bio-Lubricants Market Trends, Companies Size, Industry Demand and Future Growth by 2026

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Nasir Jones

According to IMARC Group’s latest report, titled “Bio-Lubricants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global bio-lubricants market grew at a CAGR of around 4% during 2015-2020. Looking forward, IMARC Group expects the global market to exhibit moderate growth during 2021-2026.

Bio lubricants are bio-degradable chemicals made from materials, such as vegetable oil and animal fat, that aid in reducing friction between two surfaces that are in contact. They are manufactured using oil-rich seeds, grasses, algae, food and plastic waste. Some of the commonly available bio-lubricants include transmission, hydraulic and metalworking fluids and engine, gear, grease, process and other industrial oils. They are highly sustainable, cost-effective, minimize energy consumption and increase the machine’s operational life. These lubricants are widely used in industries, such as power generation, automotive, transportation, food and beverage, metallurgy, metalworking and chemical manufacturing.

Get Free Report Sample for More Detailed Market Insights: https://www.imarcgroup.com/bio-lubricants-market/requestsample

The global bio-lubricants market is primarily being driven by the rising product application in the transport and manufacturing industries. Bio-lubricants exhibit superior properties, such as constant viscosity, high flash points, biodegradability and minimal carbon emission levels due to which they are widely used for various industrial applications. The increasing consumer awareness regarding the adverse effects of petroleum-based lubricants is also expected to drive the market further. Moreover, the implementation of favorable government policies regarding the use of sustainable products due to the increasing environmental concerns is contributing to the market growth.

Bio-lubricants Market 2021-2026 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the bio-lubricants market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Albemarle Corporation
  • BP Plc
  • Panolin AG
  • Polnox Corporation
  • Quaker Chemical Corporation
  • Chevron Corporation
  • Emery Oleochemicals
  • Exxon Mobil Corporation
  • Total SE
  • Fuchs Petrolub SE
  • Kluber Lubrication Munchen SE & Co. KG (Freudenberg Chemical Specialities SE & Co. KG)
  • Royal Dutch Shell PLC

Key Market Segmentation:

The report has segmented the global bio-lubricants market on the basis of base oil type, application, end use industry and region.

Breakup by Base Oil Type:

  • Vegetable Oils
  • Animal Fats

Breakup by Application:

  • Hydraulic Fluids
  • Metalworking Fluids
  • Chainsaw Oils
  • Mold Release Agents
  • Two-Cycle Engine Oils
  • Gear Oils and Greases
  • Others

Breakup by End Use Industry:

  • Power Generation
  • Automotive
  • Heavy Equipment
  • Food & Beverage
  • Metallurgy & Metalworking
  • Chemical Manufacturing
  • Others

Breakup by Region:

  • North America
  • Asia-Pacific
  • Europe
  • Latin America
  • Middle East and Africa

Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/bio-lubricants-market

Key highlights of the report:

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Market Trends
  • Market Drivers and Success Factors
  • The Impact of COVID-19 on the Global Market
  • Value Chain Analysis
  • Structure of the Global Market
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Email: [email protected]
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

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