The market is growing due to increasing demand for engine oils, brake fluids, and transmission fluids among both consumer and commercial automobiles.
The increase in improvement of environment requirements implies an increase in demand of lubricant additives in the forecasted period. Europe was the second leading bio-lubricants market. Lubricants is a viscous fluid finished product used in various industrial applications for proper functioning of machineries and its parts.
Vegetable oils are the major source of producing bio-lubricants oils. Additionally, gear oils are also utilized to provide superior performance by maximizing oxidation resistance, offering extended drain intervals, preventing gear scuffing and scoring as well as easing the start-up even in arctic conditions.
As the need of enhancing fuel efficiency in vehicles is increasing, the traditional materials are being replaced by synthetic lubricants. Under the brake oil category of lubricants, usage of lubes by commercial passenger vehicles and launch of new brake systems are changing customer attitude towards specialty lubricants, resulting in high demand for lubricants in the forecasted period.
It is recommended for a single user. Growing automotive industry in Europe is likely to compel the market growth in this region. It is recommended for organizations where multiple people would like to access the report from multiple locations.
Europe was the second leading bio-lubricants market. Engine oil is widely used in passenger cars, diesel trucks, and light-duty trucks. Growing need of industrial oil in major end-use industries is anticipated to have positive impact on global bio-lubricants market over the forecast period.
Bio preferred program, created by Farm Security and Rural Investment Act FSRIAincreased the use and procurement of bio based products by creating labeling program to enable the marketing of bio based products and procurement preference program for federal agencies and their contractors.
Bio lubricants are materials that are based on renewable and biodegradable base reserves such as fatty acids reacted with synthetic alcohols for producing esters.
The demand for finished lubricants is expected to be mainly driven by the growing industrial activities and the growth in the demand for automobiles across the globe. However, factors such as fluctuations in mineral oil prices and the high cost of production of bio based lubricants are slowing the growth of this market.
While natural esters are triglycerides of vegetable oils, oleo chemical esters of fatty acids are polyol esters and diesters and complex esters. However, high extraction cost coupled with compromised performance is expected to restrain the market growth over the foreseeable period.
Bio-based products are getting popularity and support from regulatory bodies.The growing automotive industry as well as rapid industrialization, primarily in the Asia Pacific region coupled with several stringent regulations of the government in favor of bio-based lubricants is expected to drive the market over the forecast period.
Automotive lubricants market is expected to reach $89, million by The report provides extensive qualitative and quantitative analysis of the current trends and future estimations of the global automotive lubricants cheri197.com Key-players of market is Royal Dutch Shell Plc., Exxon Mobil Corporation, Total S.A.
This report analyzes and forecasts the polyolesters for bio-based lubricants & lubricant additives market at the global and regional level. The market has been forecast based on volume (kilo tons) and revenue (US$ Mn) from toconsidering as the base cheri197.comon: State Tower, 90 State Street, SuiteAlbany, The growing automotive industry as well as rapid industrialization, primarily in the Asia Pacific region coupled with several stringent regulations of the government in favor of bio-based lubricants is expected to drive the market over the forecast period.
The report focuses on the global bio-based lubricants market as well as its applications such as hydraulic fluid, metal working fluids, greases, high performance oils, penetrating lubricants, food grade lubricants, and similar others. Increase in sales of vehicles has boosted the global bio-lubricants market due to more use of bio-lubricants than conventional petroleum based lubricants.
Due to the development in automobile sector, demand of engine oil, grease, chainsaw oil is expected to grow in the forecasted period.Download