Food Grade Lubricants Market Worth 60.6 KT by 2020

DALLAS, June 23, 2015 /PRNewswire/ --

The report "Food Grade Lubricants Market by Base Oil (Mineral Oil, Synthetic Oil, (Polyalphaolefins, Polyalkylene Gylcols, & Others), and Bio-based Oil) and by Application (Food, Beverages, Pharmaceuticals & Cosmetics, and Others) - Global Market Trends & Forecasts to 2020" defines and segments the global Food Grade Lubricants Market with analysis and forecasting, in terms of volume and value. The Food Grade Lubricants Market size is projected to grow from an estimated 43.7 KT in 2015 to 60.6 KT by 2020, at a CAGR of 6.7% between 2015 and 2020.

Browse 77 market Tables and 60 Figures spread through 166 Pages and an in-depth TOC on  "Food Grade Lubricants Market"

http://www.marketsandmarkets.com/Market-Reports/food-grade-lubricants-market-75393666.html
Early buyers will receive 10% customization on this report

The Food Grade Lubricants Market is projected to grow at a CAGR of 6.7% between 2015 and 2020, in terms of volume. The largest type of food grade lubricants based on the base oil type is white mineral oil; followed by synthetic oil which includes PAO, PAG, and others. The demand for food grade lubricants is mainly driven by increased concern for food safety. Also, the growth of the processed food industry is driving the growth of food grade lubricants in countries with stringent regulations on non-food chemicals used in food and beverages industry.

For more Inquiries:http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=75393666

The consumption of food grade lubricants is the highest in the European region. The region accounted for over 50.0% of the total market in 2014, in terms of volume. The stringent food safety standards and regulations in Europe are the major drivers of Food Grade Lubricants Market in the region. The growth of food grade lubricants in North America is also estimated to be high due to their increasing adoption to reduce the risk of contamination.

The top companies in the Food Grade Lubricants Market include Fuchs Petrolub SE (Germany), Klüber Lubrication München SE & Co. KG (Germany), Petro-Canada Lubricants Inc., Chemtura Corporation (U.S.), and Total SA (France) among others. The Food Grade Lubricants Market recorded a number of expansions and new product launches in the recent past.

Browse Related Reports:

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
http://www.marketsandmarkets.com/Market-Reports/lubricants-market-182046896.html

Middle East & Africa Lubricants Market by Type (Mineral Oil, Synthetic Oil, Bio-based Oil, and Greases), by Application (Passenger Vehicles, Commercial Vehicles, Aviation and Marine and Industrial Machinery and Equipment) - Global Trends & Forecasts to 2019
http://www.marketsandmarkets.com/Market-Reports/middle-east-africa-lubricants-market-241633940.html

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:

Mr. Rohan
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: [email protected]
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets