Biolubricants, also known as bio-based lubricants or bio-lubes, are made from a variety of vegetable oils, such as rapeseed, canola, sunflower, soybean, palm, and coconut oils.
Currently, there are many producing companies in the world Biolubricants industry, especially in Europe and North America. The main market players are Exxon Mobil, Shell, British Petroleum, TOTAL, Chevron, etc. The sale of Biolubricants is about 560 K MT in 2015.
North America is the largest supplier of Biolubricants, with a production market share nearly 41.5% and sales market share nearly 42.5% in 2015. That is to say, there will be imports in North America, while North America also is the largest consumption region.
The second place is Europe; following North America with the production market share of 39.4% and the sales market share over 36%. Asia (Ex. China) is another important market of Biolubricants, enjoying 13% production market share and 13% sales market share.
Biolubricants is used in industrial use, commercial transport, and consumer automobile areas. Report data showed that 51.5% of the Biolubricants market demand in industrial use application, 10.7% in commercial transport application, and 37.8% in consumer automobile application in 2015.
There are two kinds of Biolubricants, which are vegetable oil and animal oil. Vegetable oil is wildly used in the Biolubricants, with a sales market share nearly 81% in 2015.
Briefly speaking, in the next few years, Biolubricants industry will still be a highly energetic industry. Sales of Biolubricants have brought a lot of opportunities, there will more companies enter into this industry, especially in developing countries.
The report offers detailed coverage of Biolubricants industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Biolubricants by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
The report forecast global Biolubricants market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2027.
First, this report covers the present status and the future prospects of the global Biolubricants market for 2015-2027.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
Exxon Mobil
Shell
British Petroleum.
TOTAL
Chevron
Renewable Lubricants
Panolin
UBL
Statoil Lubricants
Binol Biolubricants
At the same time, we classify Biolubricants according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market Segment as follows:
Market by Order Type
Vegetable Oi
Animal Oil
Market by Application
Industrial Use
Commercial Transport
Consumer Automobile
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Biolubricants market for the forecast period 2021 - 2027?
• What are the driving forces in the Biolubricants market for the forecast period 2021 - 2027?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Biolubricants industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?