Research and Markets: Biolubricants Market by Type, Application, End User & by Region - Global Trends and Forecasts to 2020 for the $2.9 Billion Industry
Research and Markets (http://www.researchandmarkets.com/research/hq8n7z/biolubricants)
has announced the addition of the "Biolubricants
Market by Type, Application, End Use & by Region - Global trends and
Forecasts to 2020" report to their offering.
The biolubricants market is expected to reach $2,972.13 Million by 2020
at a CAGR of 6.27% between 2015 and 2020.
Hydraulic fluids, metalworking fluids, chainsaw oils, mold release
agents, two-cycle engine oils, gear oils, greases, and others are the
major applications of biolubricants. The market for biolubricants is
expected to grow at a healthy growth rate in next five years driven by
the increasing consumer awareness about environment and stringent
regulations. The market is segmented into three main types namely,
vegetable oils, animal oils, and others.
Increasing technological advancements such as introducing new
antioxidants and oxidative agents in the market are expected to drive
the biolubricants market.
Globally, the market in Europe accounted for the largest share in the
biolubricants market in 2014, followed by the market in North America.
The U.S., Germany, Scandinavia and Canada are the major countries with a
high demand for biolubricants.
Market players are concentrating on launching new products with advanced
properties as compared to the miner oil based lubricants. Companies
operating in the market are also focusing on joint venture, agreements &
collaborations, and mergers & acquisitions to expand their product
portfolio and global reach.
The biolubricants market is contemplating on executing high research
activities to develop new products. However, lack of sufficient
regulatory mandates in Asia-Pacific, higher price than petroleum based
lubricants and falling crude oil prices are identified as the major
restraining factors for this market.
The report analyzes the market on the basis of types, end use and
penetration of each application in each major region and country. It
also covers the market behavior of leading producers, key developments,
and strategies implemented to sustain in this market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Biolubricants Market, By Type
8 Biolubricants Market, By Application
9 Biolubricants Market, By End Use
10 Biolubricants Market, By Region
11 Competitive Landscape
12 Company Profiles
- Albemarle Corporation
- BP PLC.
- Chevron Corporation
- Emery Oleochemicals Group
- Exxon Mobil Corporation
- Fuchs Petrolub Se
- Kluber Lubrication München Se & Co. Kg
- Panolin AG
- RoWe Mineralolwerk GmbH
- Royal Dutch Shell PLC
- Total S.A.
For more information visit http://www.researchandmarkets.com/research/hq8n7z/biolubricants
View source version on businesswire.com: http://www.businesswire.com/news/home/20150910006262/en/
Copyright Business Wire 2015
Source: Business Wire
(September 10, 2015 - 11:37 AM EDT)
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