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Bio-lubricants Market worth $2.4 billion by 2025 – At a CAGR of 4.1%

Published: August 10, 2022

Author: DIGITAL MEDIA EXECUTIVE

According to a new market research report, the “Bio-lubricants Market by Base Oil (Vegetable oil, Animal fat), Application (Hydraulic oil, metalworking fluids, chainsaw oil, mold release agents, two-cycle engine oils, gear oils, greases), End-use, Region – Global Forecast to 2025″, The global bio-lubricants market size is projected to grow from USD 2.0 billion in 2020 to USD 2.4 billion by 2025, at a CAGR of 4.1% between 2020 and 2025. The growth is attributed to growing awareness about environmental issues and the adoption of stringent regulation by various end-use industries.

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234 Market data Tables
60 Figures
210 Pages and in-depth TOC on “Bio-lubricants Market – Global Forecast to 2025”

This report also provides a comprehensive analysis of the companies listed below:

ExxonMobil (US), Royal Dutch Shell (Netherlands), Total S.A (France), Cargill Inc. (US), BP (UK), FUCHS Group (Germany), and Panolin AG (Switzerland)

These players have adopted various growth strategies, such as expansions, new product developments, and acquisitions, and agreements, to increase their market shares and enhance their product portfolios. Expansions, acquisitions, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the bio-lubricants market.

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Vegetable base oil segment estimated to lead the bio-lubricants market in 2019

Vegetable base oil accounted for the largest share in the overall bio-lubricants market. It is widely used due to its properties such as higher biodegradability, higher lubricity, lower volatility, higher shear stability, and higher viscosity index. Apart from these, vegetable oil seeds are available in abundance in various countries.

Europe projected to account for largest share of bio-lubricants market during forecast period

Europe is projected to have the largest share in the global bio-lubricants market, in terms of both value and volume, from 2020 to 2025. Europe has stringent regulations that mandate the use of bio-based chemicals in various industries. Also, various countries in Europe are rapidly transitioning towards bioeconomy, which further promotes the use of renewable resources for the production of chemicals.

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