Overview:

The global bio-lubricants market is valued for more than US$ XXX.X Mn in 2020 and expected to reach a value of US$ XXX.X Mn by 2030 with a significant CAGR of around XX.X% over the forecast period of 2021-2030. The lubricants that are manufactured using natural sources are commonly referred as bio-lubricants.

Market Dynamics:

Rising concerns about carbon emissions and pollution related to vehicles is another key factor supporting global market.

Key Trends:

Key market players focus on strategic initiatives such as agreements, tie-ups, and strategic alliance with competitors, suppliers, and vendors to tap the major market share is a key trend witnessed in the global market.

Regional Analysis:

For detailed understanding of market dynamics, the global market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific region is expected to hold significant revenue share in the global bio-lubricants market, owing to strong presence of electric vehicles in countries in the region.

Scope of the Report:

Detailed Segmentation:

Global Bio-lubricants Market, By Base Oil:

• Vegetable Oil
• Animal Fat
• Others

Global Bio-lubricants Market, By Application:

• Hydraulic Oil
• Metalworking Fluids
• Chainsaw Oil
• Gear Oil
• Grease
• Other Applications

Global Bio-lubricants Market, By End Use Industry:

• Industrial
• Commercial Transport
• Consumer Automobile

Key Players Covered:

Key players operating in the market includes, Royal Dutch Shell plc, ExxonMobil Corporation, Total S.A., PANOLIN International Inc., Kluber Lubrication, Binol Lubricants, Cargill, BP Plc, Emery Oleochemicals, and FUCHS Group.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Bio-lubricants Market by base oil, application, end use industry, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2022 – 2030, considering 2021 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global bio-lubricants market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.