DALLAS, June 26, 2015 /PRNewswire/ --
The report "Biolubricants Market by Type (Vegetable Oil, Animal Fat), Application (Hydraulic Fluids, Metalworking fluids, Chainsaw oils, Mold Release Agents), End Use (Industrial, Commercial Transport, Consumer Automobile) & by Region - Global trends and Forecasts to 2020" published by MarketsandMarkets, The Biolubricants Market is expected to reach $2,972.13 Million by 2020 at a CAGR of 6.27% between 2015 and 2020.
Browse 160 market data Tables and 66 Figures spread through 170 Pages and in-depth TOC on"Biolubricants Market".
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The market report defines and segments the Biolubricants Market with an analysis and forecast of the market size in terms of value and volume.
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It also identifies the driving and restraining factors of the Biolubricants Market with an analysis of trends, opportunities, burning issues, and winning imperatives. The market is segmented and has been forecast on the basis of major regions such as North America, Asia-Pacific, Europe, and Rest of the World (RoW). The market is also segmented on the basis of application, type, end use, and geography.
"Hydraulic Fluids - Major Market for Biolubricants"
The Biolubricants Market is segmented into three types: vegetable oil, animal fat, and others. These individual biolubricants types have application specific demands that are differentiated by placement, cost, and efficiency.
'Global Biolubricants Market to reach $2,972.13 Million by 2020'
The market for vegetable based Biolubricants Market in terms of value is projected to reach $2,422.07 Million by 2020, at a CAGR of 6.27% from 2014 to 2019. The market in Europe accounted for the largest share in the Biolubricants Market in 2014 and North America is projected to be the fastest-growing market in terms of value, from 2015 to 2020. The growth is attributed to the stringent regulations in this region including Vessel General Permit and BioPreferred program especially in commercial transport.
'North America & Europe accounted for approximately 85% shares in Biolubricants Market in 2014'
Europe is the prime consumer of biolubricants, globally. Europe itself accounted for around 45% of the Biolubricants Market in 2014. North America is projected to register highest CAGR from 2015 to 2020, backed by the stringent regulations such as Vessel General Permit and BioPreferred program.
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Lubricants Market by Type (Mineral Oil Lubricants, Synthetic Lubricants, Bio-based Lubricants, and Greases), by Application (Transportation, and Industrial Machinery & Equipment) - Global Trends & Forecasts to 2019
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