The Biolubricants Market in the United States 2018-2022: BP, Chevron, Exxon Mobil, FUCHS, Shell International, and Total are Dominating - ResearchAndMarkets.com
The "Biolubricants
Market in the US 2018-2022" report has been added to ResearchAndMarkets.com's
offering.
The biolubricants market in the US to grow at a CAGR of 6.51% during the
period 2018-2022. One trend in the market is increase in R&D activities
and production capacities. Innovations and product development in the
field of biolubricants are projected to drive the growth of the market
during the forecast period. Many vendors, including BP, Exxon Mobil, RSC
Bio Solutions, Total, and Chevron, have increased R&D activities for the
producing biolubricants. According to the report, one driver in the
market is reduction in crude oil dependence. Biolubricants are replacing
synthetic lubricants in various applications. Plant-based products such
as soybean, rapeseed, and canola are used for producing biolubricants.
Petroleum-based lubricants are mainly produced from crude oil. Further,
the report states that one challenge in the market is threat of
substitutes. Lubricants are in high demand for automotive and industrial
applications. Synthetic lubricants are commercialized on a large scale,
and consumers prefer the use of synthetic lubricants. Market
Trends
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Increase in R&D Activities and Production Capacities
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Increase in Demand from the Defense Industry
Key Vendors
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BP
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Chevron
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Exxon Mobil
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FUCHS
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Shell International
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Total
Key Topics Covered
1. Executive Summary
2. Scope of the Report
3. Research Methodology
4. Market Landscape
5. Market Sizing
6. Five Forces Analysis
7. Market Segmentation by Product
8. Customer Landscape
9. Market Segmentation by End-User
10. Decision Framework
11. Drivers and Challenges
12. Market Trends
13. Vendor Landscape
14. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/b4qfqm/the_biolubricants?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20181002005523/en/
Copyright Business Wire 2018
Source: Business Wire
(October 2, 2018 - 7:33 AM EDT)
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