Biolubricants Market Size, Share, Growth, Opportunities, Global Analysis and Opportunity Assessment 2019 – 2027

                                                                                    
Chemical modifications of plant-based oils, such as epoxidation, transesterification, and esterification processes, are used to make bio-lubricants.

              Biolubricants Market



Chemical modifications of plant-based oils, such as epoxidation, transesterification, and esterification processes, are used to make bio-lubricants. These lubricants are commonly used to decrease friction between various surfaces. Bio-lubricants are used in heavy machinery such as railroad flanges, chainsaw bars, and two-stroke engines because they are non-toxic, eco-friendly, bio-degradable, and renewable. Aside from that, they are less expensive to use and have various advantages over synthetic and mineral oil-based lubricants. Currently, technical improvements, together with increased research and development (R&D) activities by major partners, are opening up new bio-lubricant application possibilities.

Over the forecast period, the worldwide Biolubricants Market is expected to rise due to rising demand for sustainable alternatives to petroleum-based lubricants. Biolubricants have higher flashpoints, constant viscosity, and fewer oil mist and vapour emissions than petroleum lubricants, according to an information sheet on biolubricants provided by the Washington State Department of Ecology in April 2011. Biolubricants also emit fewer pollutants. Biolubricants are also extremely biodegradable and less expensive due to decreased maintenance, storage, and disposal requirements, according to the same source.

Market Segmentation:

By Base Oil Type
  • Vegetable Oils
  • Animal Fats

By Application
  • Hydraulic Fluids
  • Metalworking Fluids
  • Chainsaw Oils
  • Mold Release Agents
  • Two-Cycle Engine Oils
  • Gear Oils and Greases
  • Others

By End Use Industry
  • Power Generation
  • Automotive
  • Heavy Equipment
  • Food & Beverage
  • Metallurgy & Metalworking
  • Chemical Manufacturing
  • Others
Rising oil prices and rigorous environmental regulations on traditional lubricant reserves, as well as the growing demand to improve fuel efficiency in automobiles, are some of the factors driving the growth of the biolubricants market in the forecast period of 2020-2027. The rising demand for environmentally friendly lubricants will open up many opportunities for the biolubricants market to expand over the forecast period.

The key players operating in the global biolubricants market include Exxon Mobil Corporation, Royal Dutch Shell plc, Quaker Chemical Corporation, Total S.A., Emery Oleochemicals, RSC Bio Solutions, LLC, Klüber Lubrication München Se & Co. Kg, Fuchs Schmierstoffe GmbH, Balmer Lawrie & Co. Ltd., and Renewable Lubricants Inc.

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