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Bio-Lubricants Market - Segmented by Product Type, End-user Industry, and Geography - Growth, Trends, and Forecast (2018 - 2023)

  • ID: 4390688
  • Report
  • June 2018
  • Region: Global
  • 179 Pages
  • Mordor Intelligence
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  • Axel Christiernsson
  • BP Plc.
  • Cortec Corporation.
  • ExxonMobil
  • Lubitec
  • Renewable Lubricants Inc.
  • MORE
The bio-lubricants market is expected to register moderately high growth during the forecast period. The demand for bio-lubricants in Asia-Pacific is expected to grow at a fastest rate, owing to the rising automotive production and sales in the region.

Increasing Regulations across the Globe to Drive the Demand

Bio-based lubricants are environment-friendly, and do not have any toxic effect on the ecosystem. Bio-based lubricants do not cause skin inflammation, which is generally caused by petroleum-based lubricants. However, these lubricants have various advantages, such as reduction in energy usage, reduction in labor cost, increased employee safety, improved environmental conditions, increased machine life, and increased production. For instance, The Food, Conservation and Energy Act of 2008, the Farm Security and Rural Investment Act of 2002, Presidential Executive Order #13423, and the Federal Acquisition Regulations (FAR) support the usage of bio-based lubricants. These legislations require government agencies to purchase bio-based lubricants instead of petroleum-based lubricants. This highlights the importance of considering food grade lubricants for industrial and machinery lubrication. Increasing environmental regulations, such as the Vessel General Permit (VGP) in developed nations (like the United States and European countries), coupled with new and upcoming R&D firms, are expected to boost the bio-lubricants market during the forecast period.

Hydraulic Fluids to Dominate the Market

Hydraulic fluids are used as a medium for transferring power and energy in hydraulic systems. Additionally, they are used for heat transfer, sealing, contaminant removal, and lubrication. They are incompressible fluids that are used as a power transmitting media in hydraulic systems. Majority of the hydraulic fluids are based on mineral oils. However, owing to accelerated regulation of environmental and human safety factors, primarily due to growing pressure on policy makers to curb the deterioration of the environment, the companies are developing bio-based hydraulic fluids. According to suppliers and current users of bio-based hydraulic fluids, they do not normally face any compatibility issues. The performance and physical characteristics of vegetable-based hydraulic oils vary with the type of base oil chosen and additives that are used.

North America and Europe to Lead the Market

Europe and North America, combined, hold the largest share in the market. This is primarily due to the robust demand from the United States and Germany. The bio-lubricants market in the United States has crossed its nascent stage and has been growing at a moderate rate. Chemical registration policies in the United States played a crucial role in incentivizing greater adoption of bio-lubricants. In the marine industry, United States Environment Protection Agency’s (EPA) launched a policy of Vessel General Permit (VGP), which became effective in December 2013. According to this permit, any vessel greater than 79 feet has to use environmentally acceptable lubricants* (EAL) in all oil-to-sea interfaces, increasing the usage of bio-lubricants. Germany is another major consumer of bio-lubricants. This is primarily due to the increasing demand from construction, forestry and agriculture, and other industrial applications

Major Players: Klüber Lubrication, FUCHS, Panolin AG, Total, BP PLC, Emery Oleochemicals, and Royal Dutch Shell, among others.

Reason to purchase the Report
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • To understand end-user industry that is dominating in the market
  • Countries expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3 months analyst support, along with the Market Estimate sheet (in Excel)
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Note: Product cover images may vary from those shown
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  • Axel Christiernsson
  • BP Plc.
  • Cortec Corporation.
  • ExxonMobil
  • Lubitec
  • Renewable Lubricants Inc.
  • MORE
1. Introduction
1.1 Scope of the Report
1.2 Market Definition
1.3 Study Assumptions
1.4 Study Deliverables
1.5 Research Phases

2. Executive Summary

3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter's Five Forces Model
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Buyers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products
3.2.5 Degree of Competetion
3.3 Raw Material Analysis (Plant-based Oils, Animal-based Oils)

4. Market Dynamics
4.1 Drivers
4.1.1 Regulatory Norms Driving the Demand for Bio-based Lubricants
4.1.2 Increasing Adoption in the Automotive Industry
4.2 Restraints
4.2.1 High Price of Bio-based lubricants
4.3 Opportunities
4.3.1 Introduction of Newer Products with Better Properties
4.3.2 Other Opportunities

5. Market Segmentation & Analysis (Market Size, Growth and Forecast)
5.1 By Product Type
5.1.1 Engine Oil
5.1.2 Transmission & Hydraulic Fluids
5.1.3 Metalworking Fluids
5.1.4 General Industrial Oils
5.1.5 Gear Oil
5.1.6 Greases
5.1.7 Others
5.2 By End-user Industry
5.2.1 Power Generation
5.2.2 Automotive & Other Transportation
5.2.3 Heavy Equipment
5.2.4 Food & Beverage
5.2.5 Metallurgy & Metal Working
5.2.6 Others

6. Regional Market Analysis (Market Size, Growth and Forecast)
6.1 Asia-Pacific
6.1.1 China
6.1.2 India
6.1.3 Japan
6.1.4 South Korea
6.1.5 ASEAN Countries
6.1.6 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.2 Canada
6.2.3 Mexico
6.2.4 Rest of North America
6.3 Europe
6.3.1 Germany
6.3.2 United Kingdom
6.3.3 Italy
6.3.4 France
6.3.5 Russia
6.3.6 Nordic Countries
6.3.7 Rest of Europe
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle-East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 UAE
6.5.4 Rest of Middle-East & Africa

7. Competitive Landscape
7.1 Mergers, Acquisitions, Joint Ventures, Collaborations & Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players

8. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
8.1 Axel Christiernsson
8.2 Bechem
8.3 Biosynthetic Technologies
8.4 BP Plc.
8.5 Cargil
8.6 Chevron Corp.
8.7 Cortec Corporation.
8.8 ELM
8.9 Emery Oleochemicals
8.10 ExxonMobil
8.11 FUCHS
8.12 Klüber Lubrication
8.13 Lubitec
8.14 Panolin Ag
8.15 Plews
8.16 Renewable Lubricants Inc.
8.17 Repsol
8.18 Royal Dutch Shell
8.19 Smart Earth Lubricants
8.20 Total

*List not exhaustive

**Subject to availability on public domain
Note: Product cover images may vary from those shown
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  • Axel Christiernsson
  • Bechem
  • Biosynthetic Technologies
  • BP Plc.
  • Cargil
  • Chevron Corp.
  • Cortec Corporation.
  • ELM
  • Emery Oleochemicals
  • ExxonMobil
  • Klüber Lubrication
  • Lubitec
  • Panolin Ag
  • Plews
  • Renewable Lubricants Inc.
  • Repsol
  • Royal Dutch Shell
  • Smart Earth Lubricants
  • Total
Note: Product cover images may vary from those shown
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