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Biolubricants Market Trends, Growth and Forecasts 2014 to 2021

Research Report on Global Biolubricants Market 2014 to 2021 added by DecisionDatabases.com studies the current and upcoming Market Size & Shares.
Joshna Cristila | 23.06.2016
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The new research report on Biolubricants Market offered by DecisionDatabases.com provides Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 to 2021.

Biolubricants are natural lubricating chemicals extracted from animal fat, sunflower, soybean and rapeseed. Derived from natural sources, these lubricants are non-toxic and biodegradable in nature. However, they can also be made from biodegradable synthetic materials. The BioPreferred Program managed by USDA (U.S. Department of Agriculture) and The Vessel General Permit regulated by US EPA have been a major support behind the growth of the biolubricants market in North America.

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The eco-friendly nature of biolubricants has majorly promoted the growth of the global biolubricants market. However, high cost of the biolubricants as compared to the mineral oil lubricants is a currently restraining the growth of this market. Moreover, there is a need for process optimization to reduce overall cost of the final product.

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Besides, the consumers in developing countries are also hesitant to switch over from mineral oil lubricants to lubricants due to cost-related reasons. This is limiting down the market of biolubricants to developed countries only. In spite of all this, process optimization and support from various government bodies can greatly improve the growth of this market.

Major player assessed in the report is :

Europe leads the global biolubricants market followed by North America. In Europe, Germany lead the biolubricants market. The key players in the global biolubricants market include United Bio Lube, Royal Dutch Shell plc, Albemarle Corporation, Exxon Mobil Corp, Rowe Mineralo Werk GmbH, BP plc, Total SA, Binol Biolubricants, Emery Oleochemicals, RSC Bio Solutions LLC, Fuchs Petrolub AG, Chevron Corporation, Kluber Lubrication Munchen Se & Co. KG, Panolin AG, Green Earth Technologies Inc.
 
Decision Databases is involved in providing research reports and company profiles in the global biolubricants market in terms of revenue and output/volume. Market drivers, opportunities and restraints are thoroughly studied which influences the market. This study is further utilized for the overall analysis of the market. 
 
SEGMENTATIONS IN REPORT : 
 
1. Biolubricants By Types :


- Vegetable Oil
- Animal Fat

2. Biolubricants By Applications :

- Hydraulic Fluids
- Metalworking Fluids
- Chainsaw Oils
- Mold Release Agents
 
3. Biolubricants By End Use :

- Industrial
- Commercial Transport
- Consumer Automobile
 
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