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Bio-lubricants Market Outlook 2019 | Shows Industry Overview, Size, Share, Remarkable Growth Factors, Types, and Applications Forecast to 2024

Bio-lubricants

The “Bio-lubricants Market” research report 2019-2024 delivers comprehensive information and valuable insights about the Bio-lubricants industry. The information available in the Bio-lubricants market report is not only based on the facts but also on the case studies, which analysts have included to convey appropriate information to the clients in a well-versed manner. Bio-lubricants market report includes valuable information to assist new entrants, as well as established players, to understand the prevailing trends in the market.

Some Companies Are Covered in the Bio-lubricants Market:

  • Axel Christiernsson
  • Bechem
  • BP PLC
  • Cargill
  • Chevron Corp.
  • Cortec Corporation.
  • ELM
  • ExxonMobil
  • Fuchs
  • Kluber Lubrication
  • Lubitec
  • Novvi LLC
  • Panolin AG
  • Royal Dutch Shell PLC
  • Total
  • Repsol

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    Market Overview:

  • The market for bio-lubricants is anticipated to register a CAGR of 4.25%, during the forecast period (2019-2024). Bio-based lubricants are eco-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. Additionally, they 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, thereby augmenting the growth of the market.
  • – Bio-lubricants are produced by esterification of a fatty acid or trans-esterification of vegetable oil. This process is being held with a long-chain alcohol in the presence of a homogeneous acid/base catalyst 8 -10, or by using an ion-exchange resin. This process increases the cost of bio-based lubricants, which is likely to hinder the market growth.<

    Scope of the Report:

  • This report studies the global Bio-lubricants market size, industry status and forecast, competition landscape and growth opportunity.

    Reasons for Buying Bio-lubricants Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    Key Market Trends:

    Increasing Demand from Power Generation

    – Power generation is one of the most important sectors for the global economy, without which, almost all manufacturing operations may come to an end. Advancements in manufacturing technologies are resulting in the commencement of various new plants, which, in turn, are increasing the demand for electricity in various end-user industries.
    – Turbines play a key role in the energy sector for generating electricity. Irrespective of the source of electricity, i.e., wind, solar, hydro, thermal, etc., turbines are widely used for power generation. In general, other than turbines, the major components in the power generation sector include pumps, bearings, fans, compressors, gears, and hydraulic systems. Wind turbines are subjected to many factors, such as humidity, high pressure, high loads, vibrations, and temperature. Gear and turbine oils are widely used in this sector for lubrication purposes.
    – Many companies are already well aware that reducing the total cost of ownership (TCO) over the lifetime of machinery is the key to extracting the best possible value from the investment. However, the impact of lubrication on TCO is too often underestimated. In general, the cost of lubricants accounts for less than 5% of a power generation company’s total operational expenditure.
    – According to an international industry study, commissioned by Shell Lubricants, the savings opportunity is recognized, but undervalued. About 58% of the companies recognized that lubricant selection can help reduce costs by 5% or more. However, fewer than one in 10 (8%) realized that the impact of lubrication could be up to six times greater.
    – All the aforementioned factors are expected to drive the global market, during the forecast period.

    Asia-Pacific to Dominate the Market

    In Asia-Pacific, China is third-largest bio-lubricant consumer in the APAC region, with an economic growth of 6.9%, in 2017. With growing middle class, along with urbanization of Western China, there has been an increase in the demand and production of vehicles in the country. Additionally, the country’s focus to gradually shift toward electric vehicles is expected to hinder the country’s demand for bio-lubricants, such as engine oil, gear oil, etc.

    Bio-lubricants Market Report Provides Comprehensive Analysis of:

    • Functional market industry outline
    • Up and downstream industry examination
    • Channels and propositions believability
    • Market challenge by key players
    • Enhancement suggestions examination

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    Report Highlights:

    • Market Dynamics – Drivers, Restraints, and Opportunities
    • Market Segmentation – Types, Applications, Regions, and Technology
    • Market Trends
    • Competitive Landscape
    • SWOT Analysis and Porter’s Five Forces Analysis

    Detailed TOC of Bio-lubricants Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    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 Industry Value-Chain Analysis
    4.4 Porters Five Forces Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products and Services
    4.4.5 Degree of Competition

    5 MARKET SEGMENTATION
    5.1 Product Type
    5.1.1 Engine Oil
    5.1.2 Transmission and Hydraulic Fluid
    5.1.3 Metalworking Fluid
    5.1.4 General Industrial Oil
    5.1.5 Gear Oil
    5.1.6 Grease
    5.1.7 Process Oil
    5.1.8 Other Product Types
    5.2 End-user Industry
    5.2.1 Power Generation
    5.2.2 Automotive and Transportation
    5.2.3 Heavy Equipment
    5.2.4 Food and Beverage
    5.2.5 Metallurgy and Metalworking
    5.2.6 Chemical Manufacturing
    5.2.7 Other End-user Industries
    5.3 Geography
    5.3.1 Asia-Pacific
    5.3.1.1 China
    5.3.1.2 India
    5.3.1.3 Japan
    5.3.1.4 South Korea
    5.3.1.5 ASEAN Countries
    5.3.1.6 Rest of Asia-Pacific
    5.3.2 North America
    5.3.2.1 United States
    5.3.2.2 Canada
    5.3.2.3 Mexico
    5.3.2.4 Rest of North America
    5.3.3 Europe
    5.3.3.1 Germany
    5.3.3.2 United Kingdom
    5.3.3.3 Italy
    5.3.3.4 France
    5.3.3.5 Russia
    5.3.3.6 Nordic Countries
    5.3.3.7 Rest of Europe
    5.3.4 South America
    5.3.4.1 Brazil
    5.3.4.2 Argentina
    5.3.4.3 Rest of South America
    5.3.5 Middle East & Africa
    5.3.5.1 Saudi Arabia
    5.3.5.2 South Africa
    5.3.5.3 United Arab Emirates
    5.3.5.4 Rest of Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
    6.2 Market Share Analysis**
    6.3 Strategies Adopted by Leading Players
    6.4 Company Profiles
    6.4.1 Axel Christiernsson
    6.4.2 Bechem
    6.4.3 BP PLC
    6.4.4 Cargill
    6.4.5 Chevron Corp.
    6.4.6 Cortec Corporation.
    6.4.7 ELM
    6.4.8 ExxonMobil
    6.4.9 Fuchs
    6.4.10 Kluber Lubrication
    6.4.11 Lubitec
    6.4.12 Novvi LLC
    6.4.13 Panolin AG
    6.4.14 Royal Dutch Shell PLC
    6.4.15 Total
    6.4.16 Repsol

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS
    7.1 INTRODUCTION of New Products with Better Properties
    7.2 Others

     

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