Product Code: RP-ID-10079100 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: Chemicals |
Report ID: 10079100
Market Overview:
Biolubricants Industry By Applications (Two-Cycle Engine Oil, Hydraulic Fluids, Metalworking Fluids, Gear Oils, Greases, Chainsaw Oils, Mold Release Agents), By Base Oil Type (Vegetable Oil, Animal Oil), and By End-User (Consumer Automobile, Industrial, Commercial Transport)– Global Market Opportunity and Current Growth Analysis 2019-2025
Global Biolubricants Industry was valued at USD 2.53 Billion in the year 2018. The global Biolubricants Industry is further estimated to grow at a CAGR of 6.56% from 2019 to reach USD 3.70 Billion by the year 2025. In the Global Biolubricants Industry, by region European region holds the highest Industry share in 2017 and North America is considered as the fastest growing Industry in the forecasted period owing to their Industry demands. At the country level Germany, France, Finland, Norway, and Italy is projected to grow strongly in the coming years.
The segmentation is done on the basis of base oil type, by application, by end user, and by region. On the basis of base oil type, the segment includes Vegetable Oil and Animal Oil of which the vegetable oil segment is expected to hold the highest Industry share during the forecast period. The segmentation is done on the basis of application, the hydraulic fluid segment is expected to hold the highest Industry share during the forecast period. On the basis of end-user, the Industrial segment is projected to be the fastest-growing end-user segment of the Biolubricants Industry.
Major market players in Biolubricants Industry are Royal Dutch Shell Plc, Total SA, Chevron Corporation, Panolin AG, Albemarle Corporation, Exxonmobil Corporation, Emery Oleochemicals, BP Plc, Klüber Lubrication München Se & Co. Kg, Binol Lubricant, and 10 more companies detailed information is provided in the report.
SWOT analysis of Biolubricants Industry
Strength:
Favorable regulatory framework
Weakness:
Changing government regulations and norms.
Fluctuating prices of petroleum hamper the manufacturers
Opportunities:
Emerging applications
Threats:
Production and Commercialization
Biolubricants Industry Overview, By Base Oil Type
• Vegetable Oil
• Animal Oil
• Others
Biolubricants Industry Overview, By Application
• Two-Cycle Engine Oil
• Hydraulic Fluids
• Metalworking Fluids
• Gear Oils
• Greases
• Chainsaw Oils
• Mold Release Agents
• Others
Biolubricants Industry Overview, By End-User
Consumer Automobile
Industrial
Commercial Transport
Biolubricants Industry Overview, By Region
North America
• USA
• Canada
Europe
• Germany
• U.K.
• France
• Italy
• Rest of Europe
APAC
• China
• India
• Japan
• Rest of Asia-Pacific
RoW
• Latin America
• Middle East & Africa
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