Bio lubricants are prepared from natural fats and vegetable oils such as coconut, sunflower, soybean, palm, etc. Their specific properties such as high lubricity, high viscosity, and non-toxic nature allowed them to be used as lubricants. Also called bio-lubes, these are best used in the industries where machines directly eject oil into the environment leading to various health and environmental problems.
The bio lubricants industry is in budding phase and is expected to grow at a very rapid pace in the near future. As bio-lubricants are a substitute for petroleum based lubricants, they are cleaner, less toxic and are associated with fewer environmental problems. Due to their high boiling temperature and consistent viscosity, they produce fewer emissions and are biodegradable. Moreover, these lubricants reduce the cost of any products life cycle as their storage, maintenance and disposal requirements are less.
Market Dynamics of the Global Bio-Lubricants Market:
The changing regulatory environment of lubricant industry around the world also makes it an industry with high future growth prospects. The USA, EU (the largest consumer of lubricants) and China are changing their policies to support the bio lubricants. Also, as the climate change is gaining value, the developing economies are also switching to eco-friendly fuels. It will significantly reduce the pollution due to the leak in the engines and systems thereby, improving the living conditions.
In future, the lubricant industry is going to face a serious challenge in regards to its survival as the raw material for lubricants i.e. crude oil is depleting. With the current use, petroleum reserves will not last long. Hence, there is a great opportunity in the coming future for the alternatives and bio lubricants have put their feet forward at the right time.
The major players in the bio-lubricants market discussed in the report are:
Analysis for the global bio-based lubricants market, with region specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global bio-based lubricants market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
1.2 Research Methodology
1.3 Scope of the Study
2. Executive Summary
3. Bio-based Lubricants Market
3.1 Current Market Scenario
3.2 Industry Value Chain Analysis
3.3 Industry Attractiveness - Porter's Five Forces Model
3.4 Technology Overview
4. Market Dynamics
4.1.1 Shifting Focus towards Eco-friendly Products
4.1.2 Growing Demand from the Automotive Industry
4.1.3 Government Regulations for Supporting the Adoption of Bio-based Alternatives
4.1.4 Increase in the Average Age of the Vehicles
4.2.1 High Cost of Production
4.2.2 Limited Applications
4.2.3 Increasing Penetration of Electric Vehicles
4.2.4 Decreasing Crude Oil Prices
4.3.1 Increased R&D Activities to Develop New Products
4.3.2 Accelerating Demand and Usage of Soyabean and Palm oil as Raw Materials
5. Market Segmentation and Analysis
5.1 By Raw Material
126.96.36.199 Conventional Crops
188.8.131.52.2 Palm oil
184.108.40.206.3 Rapseed oil
220.127.116.11 Industrial crops
18.104.22.168.3 Rice Bran
22.214.171.124.13 Flaxseed Oil
5.2 By Applications
5.2.1 Engine Oil
5.2.2 Diesel Fuel Additives
5.2.3 Hydraulic Oil
5.2.4 Two-stroke Engine Oils
5.2.5 Marine Lubricants
5.2.6 Drilling Oil
5.2.7 Process Oil
5.2.8 De-molding Oil
5.2.9 Chainsaw Oils
5.2.10 Compressor Oils
5.2.11 Turbine Oils
5.2.12 Industrial Gear Oils
5.2.13 Metal Working Oils
5.3 By End Use
6. Regional Market Analysis (Market size, growth and forecast)
6.1.4 South Korea
6.1.5 Rest of Asia-Pacific
6.2.2 United Kingdom
6.2.6 Nordic Countries
6.2.7 Rest of Europe
6.3 North America
6.3.1 United States
6.3.4 Rest of North America
6.4 South America
6.4.3 Rest of South America
6.5 Middle-East and Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle-East and Africa
7. Competitive Landscape
7.1 Mergers & Acquisitions
7.2 Joint Ventures Collaborations and Agreements
7.3 Market Shares Analysis
7.4 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials, Products and Services, and Recent Developments)
8.1 Aarhuskarlshamn AB
8.2 Albemarle Corp.
8.3 Benjn R. Vickers & Sons Ltd.
8.4 Biosynthetic Technologies
8.5 Carl Bechem GmbH
8.6 Chevron Corp.
8.7 Clarion Lubricants
8.8 Desilube Technology, Inc.
8.9 Dsi Ventures, Inc.
8.10 Emery Oleochemicals Group
8.11 Environmental Lubricants Manufacturing, Inc.
8.12 Fuchs Petrolub AG
8.13 Gemtek Products, Llc
8.14 Green Earth Technologies, Inc.
8.15 Intech energy systems pvt ltd
8.16 Kajo Chemie GmbH
8.17 KlÃ¼ber Lubrication MÃ¼nchen Se & Co. KG
8.18 Maryn International Ltd.
8.19 Novvi SA
8.20 Pacific Bio Lubricants Ltd.
8.21 Panolin International Inc.
8.22 Polnox Corp.
8.23 Renewable Lubricants
8.24 Rowe MineralÃ¶lwerk GmbH
8.25 Rsc Bio Solutions, Llc
8.26 Smart Earth Lubricants
8.27 The Hill and Griffith Co.
8.28 Total S.A.
8.29 Unist, Inc.
*(List Not Exhaustive)