Global Biolubricant Market 2015-2019

May 26, 2015, 16:20 ET from Reportlinker

NEW YORK, May 26, 2015 /PRNewswire/ -- About Biolubricants

The term biolubricants refers to all lubricants that are nontoxic as well as biodegradable. The rapid depletion of crude oil reserves and issues related to energy conservation and environmental protection have put an emphasis on the development of renewable, biodegradable, and environmentally friendly industrial fluids, such as biolubricants. Biolubricants have a minimum impact on human health and aquatic environment. Lubricants are a key element for industrial and transport applications and more than 95% of the lubricants market is dominated by the low-cost mineral oils. Around 30% of these mineral-based lubricants inevitably end up in the ecosystem and are harmful for environment. Hence, biolubricants being biodegradable are preferred over mineral-based lubricants in terms of environmental safety.
TechNavio's analysts forecast the global biolubricants market to grow at a CAGR of 6.3% over the period 2014-2019.

Covered in this Report

The global biolubricants market is segmented into two divisions based on end-use: automotive and transportation and industrial and commercial. On the basis of raw materials used to manufacture the biolubricants, the market is divided into two divisions: vegetable oil and animal oil.
TechNavio's report, Global Biolubricants Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the Key Vendors operating in this market.

Key Regions

• Americas

Key Vendors

• BP
• Cargill
• China National Petroleum Corporation
• Exxon Mobil
Royal Dutch Shell

Other Prominent Vendors

• Chevron
• Fuchs Petrolub
• Total
• United Bio Lube

Market Driver

• Advantages of biolubricants
• For a full, detailed list, view our report

Market Challenge

• High cost of biolubricants
• For a full, detailed list, view our report

Market Trend

• Development of environment-friendly lubricants
• For a full, detailed list, view our report

Key Questions Answered in this Report

• What will the market size be in 2019 and what will the growth rate be?
• What are the key Market Trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the Key Vendors in this market space?
• What are the market opportunities and threats faced by the Key Vendors ?
• What are the strengths and weaknesses of the Key Vendors ?
Read the full report:

About Reportlinker
ReportLinker is an award-winning market research solution that finds, filters and organizes the latest industry data so you get all the market research you need - instantly, in one place.

Contact Clare:
US: (339)-368-6001
Intl: +1 339-368-6001

SOURCE Reportlinker