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Biolubricants - Market Analysis, Trends, and Forecasts

  • ID: 1824122
  • Report
  • February 2020
  • Region: Global
  • 362 Pages
  • Global Industry Analysts, Inc
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Biolubricants market worldwide is projected to grow by US$1.3 Billion, driven by a compounded growth of 6.1%. Vegetable Oils, one of the segments analyzed and sized in this study, displays the potential to grow at over 6.7%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$1.7 Billion by the year 2025, Vegetable Oils will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 5.2% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$46.9 Million to the region's size and clout in the next 5 to 6 years. Over US$39.7 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Vegetable Oils will reach a market size of US$81.3 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 9.2% over the next couple of years and add approximately US$364 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others,
  • BP Plc
  • Cargill, Incorporated
  • Chevron Corporation
  • Emery Oleochemicals Group
  • Eurol B.V.
  • ExxonMobil Corporation
  • FUCHS PETROLUB SE
  • HollyFrontier Corporation
  • Millers Oils Ltd.
  • NuPro Industries Corporation
  • Panolin AG
  • Renewable Lubricants, Inc.
  • Royal Dutch Shell plc
  • Total S.A.
  • Valvoline Inc.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Biolubricants: A Cleaner and Sustainable Alternative to Petroleum Based Lubes

Biolubricants Score over Petroleum Based and Synthetic Lubricants

Environmental Fears Drive Biolubricants

Recent Market Activity

Biodegradability - the USP of Biolubricants

Huge Installed Base of Legacy Systems a Hindering Factor for Biolubricants

The Performance vs. Cost Conundrum

OEMs Stick to Tried and Tested Products

Market Success to Depend on Leveraging Complex Set of Factors

Improvement in Global GDP Performance Encourages Optimistic Forecasts

Japan, Russia, and Brazil Turn to be the Laggards in Economic Growth

Outlook

By Volume

By Value

Global Competitor Market Shares

Biolubricants Competitor Market Share Scenario Worldwide (in %): 2020 & 2029

2. FOCUS ON SELECT PLAYERS

BP Plc (UK)

Cargill, Incorporated (USA)

Chevron Corporation (USA)

Emery Oleochemicals Group (Malaysia)

Eurol B.V. (The Netherlands)

ExxonMobil Corporation (USA)

FUCHS PETROLUB SE (Germany)

HollyFrontier Corporation (USA)

Millers Oils Ltd. (UK)

Falcon Lubricants Ltd. (UK)

NuPro Industries Corporation (USA)

Panolin AG (Switzerland)

Renewable Lubricants™, Inc. (USA)

Royal Dutch Shell plc (The Netherlands)

Total S.A. (France)

Valvoline Inc. (USA)

3. MARKET TRENDS & DRIVERS

Increasing Focus on Biodegradable, Non-toxic, and Eco-Friendly Products: A Strong Growth Driver

Stringent Environmental Regulations Stimulate the Market

Increasing Environmental Awareness Propels Biodegradable Hydraulic Oils Demand

Stringent Emission Control Regulations Support Growth

LEV III and Tier 3 Standards - Game Changers for Emission Control

EU Tightens the Noose for Emissions

Statistical Overview of Emissions

Emissions Regulations Landscape in Major Country/Region

Projected Rise in Auto Sales & Vehicle Miles Boosts Market Demand

Opportunity Indicators

Global Vehicles in Operation - An Overview

Biolubricants to Replace Hydrocarbon based Oils in Passenger Cars

Excellent Lubricity: A Key Scoring Point in Engines Powered by ULSD Fuel

Increased Importance of Lubricants in Automotive Servicing Augurs Well for Market Growth

Surging Demand for Low Viscosity Fluids to Benefit Biolubricants

Favorable Trends in the Industrial Machinery Sector Strengthens Market Prospects

Rising Concerns over Oil Related Water Pollution Bodes Well for the Market

Agriculture and Forest Machinery Benefits from Bio-Based Oils

Biolubricants Gain Prominence in Construction Machinery

Expanding Machine Tools Sector Spurs Demand Growth

Untapped Market Potential for Biolubricants in Ports and Harbors

Biolubricants to Become the Preferred Choice in Hydraulic Systems

Mobile Hydraulics Open Up New Opportunities for Biolubricants

Developing Economies: Hotspots for Growth

Aluminum Rolling Operations Prefer Biolubricants

Rising Focus on Wind Energy to Benefit Biolubricants

Growing Market for Metalworking Fluids

Transformer Oils Expected to Witness Growth

Higher Performance and Cost Advantages Benefit Demand for Soy-based Lubricants

Palm Oil Emerges as a New Source for Biolubricants

Sunflower Oil Offers Environment Friendly Biolubricants

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Biolubricants Market Share (in %) by Company: 2020 & 2025

Market Analytics

CANADA

JAPAN

CHINA

EUROPE

Market Facts & Figures

European Biolubricants Market: Competitor Market Share Scenario (in %) for 2020 & 2025

Market Analytics

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION

Total Companies Profiled: 68

Note: Product cover images may vary from those shown
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