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
Favorable regulatory framework
Changing government regulations and norms.
Fluctuating prices of petroleum hamper the manufacturers
Production and Commercialization
Biolubricants Industry Overview, By Base Oil Type
• Vegetable Oil
• Animal Oil
Biolubricants Industry Overview, By Application
• Two-Cycle Engine Oil
• Hydraulic Fluids
• Metalworking Fluids
• Gear Oils
• Chainsaw Oils
• Mold Release Agents
Biolubricants Industry Overview, By End-User
Biolubricants Industry Overview, By Region
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa