The
global bio-based lubricants market was worth USD 1,713.2 million in
2011 and is expected to reach USD 2,377.5 million in 2017, growing at
a CAGR of 4.9% from 2011 to 2017. In the overall global market, North
America is expected to maintain its lead position in terms of revenue
till 2018. North America is expected to enjoy 38.1% of the global
bio-based lubricants market revenue share in 2018 followed by Europe.
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the full report at Biolubricants Market - Global Scenario,
Trends, Industry Analysis, Size, Share And Forecast, 2010 – 2018
http://www.transparencymarketresearch.com/biolubricants-market.html
The
global biolubricants market is driven by strict legislations and
regulations followed by different government bodies in different
developed and developing countries. Higher pricing is one of the main
restraints in the growth of the bio-based lubricants market. A
bio-based lubricant is around 1.5 to 2 times costlier than mineral
oil lubricant, which makes market penetration a critical issue for
the industry. Lack of awareness among people related to the benefits
of bio-based lubricants is also a major restraint for the growth of
the bio-based lubricants market especially in developing regions.
The
bio-based lubricants market by application in terms of revenue is
dominated by automotive oils. The automotive oils market by revenue
is expected to grow at a CAGR of 5.0% from 2013 to 2018. Following
this, the market for hydraulic oils is also witnessing significant
growth. In terms of volume, the automotive oils market is predicted
to grow with a CAGR of 6.7% for the forecast period between 2013 and
2018.
North
America is the market leader for bio-based lubricants, growing at a
CAGR of 5.6% by revenue and a CAGR of 7.4% by volume, both from 2013
to 2018 followed by Europe. In Europe, Germany is the major market
and is expected to keep Europe at second position in the bio-based
lubricant market.
Key
participants in the bio lubricants market include Royal Dutch Shell,
Exxon Mobil, British Petroleum, Chevron, Castrol, Total, United Bio
Lube, and Statoil Lubricants.
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This
research is specially designed to estimate and analyze the demand and
performance of bio-based lubricants in a global scenario. The
research provides in-depth analysis of bio-based lubricant
manufacturers, product sales, product volumes and trend analysis by
segments and demand by geography. The report covers all the major
product segments of the bio-based lubricants market and provides
detailed analysis, historical data and statistically refined forecast
for the segments covered. The study presents a comprehensive
assessment of the stakeholder strategies, winning imperatives for
them by segmenting the bio-based lubricants market as below:
Global
Bio-Based Lubricants market, by raw material
Vegetable
Oil
Palm
Oil
Castor
Oil
Sunflower Oil
Animal
Oil
Global
Bio-Based Lubricants market, by application
Automotive
Oils
Hydraulic
Oils
Process
Oils
Demolding
Oils
Lubricating
Grease
Chainsaw
Oils
Compressor
Oils
Turbine
Oils
Industrial
Gear Oils
Metal
Working Oils
Global
Bio-Based Lubricants market, by end-use
Industrial
Lubricants
Commercial
Transportation Lubricants
Consumer
Automotive Lubricants
Global
Bio-Based Lubricants market, by geography
North
America
Europe
Asia-Pacific
Rest
of the World (RoW)
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all Chemical Industry
Research Reports
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