NEW YORK, Oct. 27, 2015 /PRNewswire/ -- Biolubricants are widely used in hydraulic fluids, metalworking fluids, chainsaw oils, mold release agents, two-cycle engine oils, gear oils, greases and others applications. In 2014, the global biolubricants market registered 346.51 kilotons in terms of volume.
Europe is the largest market of biolubricants, accounted for 48% of the total global demand in 2014. North America held the second-largest share in the biolubricants market in 2014 and is projected to register highest CAGR between 2015 and 2020.
There is an increasing demand for biolubricants in the end use industries. While, the industrial segment accounted for the largest market share, commercial transport is projected to register highest growth in the coming years.
The regional segments include Asia-Pacific, Europe, North America, and Rest of the World. The various types and their applications covered in the report are;
1) Vegetable Oils
2) Animal Fats
- Hydraulic Fluids
- Metal Working Fluids
- Chain Saw Oils
- Mold Release Agents
- 2-cycle Engine Oils
- Gear Oils, Greases
The market is derived by studying the consumption trends of biolubricants and its use in various applications of the aforementioned regions. The price trends of these biolubricants have been analyzed from annual reports of major players.
This study on biolubricants market estimates its global demand and market in terms of value for 2014 and projects the expected demand and market in terms of value of the same by 2020. As a part of the quantitative analysis, the study segments the global market by types at country level with current market estimation and forecast till 2020. The countries/regions covered in the report are the U.S., Canada, Mexico, Germany, Scandinavia, Italy, Benelux, Switzerland, Japan, South Korea, China, Malaysia, Brazil & Argentina.
As a part of qualitative analysis, the research provides report with a comprehensive review of key market drivers, restraints, opportunities, winning imperatives, and key issues of the market.
The report also includes company profiling and competitive strategies adopted by various market players. Some of the companies operating in this market are Royal Dutch Shell plc (Netherlands), Exxon Mobil Corp. (U.S.), Chevron Corporation (U.S.), BP plc (U.K.), Total S.A. (France), Emery Oleochemicals (Malaysia), Albemarle Corporation (U.S.), RSC Bio Solutions, LLC (U.S.), Binol Biolubricants (Sweden), Fuchs Petrolub AG (Germany), Panolin AG (Switzerland), Rowe Mineralolwerk GmbH (Germany), Kluber Lubrication Munchen Se & Co. KG (Germany), Green Earth Technologies, Inc. (U.S.) among others.
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