Bio Lubricants Market Report

Market Insights

Bio-Lubricants market is likely to witness an impressive CAGR of 6.2% during the forecast period. The prime factor that is contributing to the demand for industrial absorbents is mainly the rising sternness of environment-related regulations on chemical and oil spills.

Segment Analysis

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Bio-Lubricants Market Share: By Oil Type

Based on the oil type, the market is segmented as vegetable oil, animal fat, and others. The vegetable oil segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The significant share of the vegetable oil segment is attributed to multiple applications, oxidative stability, and high performance. Growing concerns for wildlife conservation are also likely to boost the growth of vegetable oil over the animal fat segment.

Bio-Lubricants Market Share: By Application Type

Based on the application type, the market is segmented as hydraulic fluids, metalworking fluids, chainsaw oils, mold release agents, gear oils, two-cycle engine oils, greases, and others. The hydraulic fluid segment accounted for the largest share in 2019, owing to high demand from hydraulic elevators, sweepers, garage trucks, fork lifts, motor graders, and front-end loaders. This segment is estimated to maintain its dominance during the forecast period as well.

Bio-Lubricants Market Share: By End-Use Industry Type

Based on the end-use industry type, the market is segmented as industrial, commercial transport, and consumer automobile. The industrial segment held the largest share of the market in 2019, and is expected to remain dominant over the forecast period. The dominance of the industrial segment is due to environmental regulations on the disposal of lubricants, ecolabels, and tax incentives for the use of bio-lubricants.

Bio-Lubricants Market Share: By Region

In terms of regions, North America is estimated to be the fastest-growing bio-lubricants market during the forecast period owing to various emission standards and the growing adoption of bio-degradable products. The growth of the market is driven by the evolution of various government initiatives to reinforce environmental regulation. Europe is also anticipated to offer significant growth opportunities over the forecast period, with Germany, France, Finland, Norway, and Italy being the major countries.

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Market Scope & Segmentation

Bio-Lubricants are triglyceride esters obtained from plant oil, animal fat or mineral oil?based products. Such lubricants are both rapidly biodegradable and non?toxic to humans and aquatic environments. The rising demand for eco-friendly products all across the globe is augmenting the demand for bio-lubricants. However, high cost in comparison to petroleum-based products might hinder the market growth.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The bio-lubricants market is segmented into the following categories. 

Bio-Lubricants Market Size, Share, & Forecast, by Oil Type:

• Vegetable Oil (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Animal Fat (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Bio-Lubricants Market Size, Share, & Forecast, by Application Type:

• Hydraulic Fluids (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Metalworking Fluids (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Chainsaw Oils (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Mold Release Agents (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Greases (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Two-cycle Engine Oils (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Gear Oils (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Bio-Lubricants Market Size, Share, & Forecast, by End-Use Industry Type:

• Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Commercial Transport (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Consumer Automobile (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Bio-Lubricants Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the major players in the bio-lubricants market are-

• ExxonMobil Corporation
• Royal Dutch Shell Plc
• Total SA
• Chevron Corporation
• BP Plc
• Albemarle Corporation
• Fuchs Petrolub AG
• Panolin AG
• Klüber Lubrication München Se & Co. Kg
• Emery Oleochemicals
• Binol Lubricants.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, application portfolio, application launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the oil types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.