Biolubricant Market - Global Industry Size and Forecast 2015-2019 is a new market research publication announced by Reportstack.
Definition and Growth of the Bio Lubricant Market:
Lubricants are liquid agents that smoothen the movement of various moving parts of a vehicle. They are made up of base oils and performance-enhancing additives that help reduce friction in automotive components such as gear boxes and engines. India, China, Brazil, and South Africa are witnessing a massive increase in vehicle ownership that is consequently resulting in an increased demand for bio-lubricants in these regions. The introduction of advanced technologies in the automotive sector and regulatory norms on Green House Gas (GHG) emissions provide further traction to the market.
Bio lubricants find application in wide-ranging industrial purposes through hydraulic oils, chain saw oils, metal working fluids, and industrial gear oil. Increased applications of bio-lubricants are expected to help the market grow steadily over a CAGR of 6% during the forecast period.
To access full report with TOC, please visit Biolubricant Market - Global Industry Size and Forecast 2015-2019.
Key Advantages Offered by Bio Lubricant Products:
Bio-lubricants improve the performance and efficiency of industrial machinery and automotive components. These lubricants are biodegradable and non-toxic in nature, and hence, they pose no threat to the environment. The production process of these lubricants is safe, and its disposal is harmless. Bio lubricants are excellent in lubricity that makes them suitable for industrial, as well as automotive sectors. Globally, bio lubricant products are in great demand because of the advantages they offer over mineral oil based lubricants.
Companies in the Bio Lubricant Market:
The market is highly competitive, and it is expected to intensify with an increase in product extensions and technological innovations. The Bio Lubricant Market is dominated by five major vendors:
China National Petroleum Corporation
News highlights of the top companies:
September 2014: Exxon Mobil announces the start of the Slagen Refinery project to upgrade fuel oil
June 2014: Cargill develops non-genetically modified soybean oil
June 2014: Cargill expands wheat processing plant in Russia
June 2014: Cargill launches Ingrevita, a new omega-3 oil blend
May 2014: BP signs a joint pilot project with Rosneft for the development of Domanik resources in the Volga-Ural region
May 2014: BP launches the 'To Go' store makeover convenience kit for better customer service
April 2014: BP sells its interests in Four Alaska North Slope Assets
Market Segmentation by Key Regions of the Bio Lubricant Market:
In 2014, the Americas held the majority of the market share due favorable regulatory policies and an increased demand from the automotive as well as industrial sector. The report includes an in-depth analysis of the key regions and the forecast of the market shares by 2019.
BRICS nations are expected to register the highest growth rate owing to rapid industrialization. A significant increase in the industrial demand for bio-lubricants is expected to emanate from emerging economies during the forecast period.
Other Sections of the Report Include an Analysis on the Following:
Different Types of Oils and their Applications
Life Cycle of the Bio Lubricant Market
Product offerings of the leading companies in the Bio Lubricant Market
Key Drivers and their Impact on the Bio Lubricant Market
Key Challenges and their Impact on the Bio Lubricant Market
Key Trends and their Impact on the Bio Lubricant Market
Five Forces Analysis of the Bio Lubricant Market
SWOT Analysis of the Leading Companies in the Bio Lubricant Market
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