The global biolubricants market was valued at USD 2,207 million in 2021 to USD 2,924 million by 2028, progressing at a CAGR of 4.1% from 2022 to 2028, according to Gen Consulting Company.
The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global biolubricants market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the biolubricants industry.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the base oil, product, end user, and region. The global market for biolubricants can be segmented by base oil: animal fats, vegetable oils, others. Globally, the vegetable oil segment made up the largest share of the biolubricants market. Biolubricants market is further segmented by product: chainsaw oils, gear oils, greases, hydraulic fluids, metalworking fluids (MWFs), release agents, two-cycle engine oils, others. The hydraulic fluids segment captured the largest share of the market in 2021. Based on end user, the biolubricants market is segmented into: automotive & transportation, construction and agriculture, industrial, marine. According to the research, the industrial segment had the largest share in the global biolubricants market. On the basis of region, the biolubricants market also can be divided into: Asia Pacific, Europe, North America, Rest of the World (RoW). Europe held the largest revenue share in 2021.
By base oil:
- animal fats
- vegetable oils
- others
By product:
- chainsaw oils
- gear oils
- greases
- hydraulic fluids
- metalworking fluids (MWFs)
- release agents
- two-cycle engine oils
- others
By end user:
- automotive & transportation
- construction and agriculture
- industrial
- marine
By region:
- Asia Pacific
- Europe
- North America
- Rest of the World (RoW)
The industrial market is further segmented into agriculture and construction, engineering and manufacturing industry, food industry, marine industry, mining and energy. The marine industry segment was the largest contributor to the global biolubricants market in 2021.
The global biolubricants market report offers detailed information on several market vendors, including BP plc, Cargill Inc., Chevron Corporation, Exxon Mobil Corporation, Fuchs Petrolub SE, Magna Group, Royal Dutch Shell plc, Total S.A., Vickers Petroleum Company, among others.
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Historical & Forecast Period
This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.
Scope of the Report
- To analyze and forecast the market size of the global biolubricants market.
- To classify and forecast the global biolubricants market based on base oil, product, end user, region.
- To identify drivers and challenges for the global biolubricants market.
- To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global biolubricants market.
- To identify and analyze the profile of leading players operating in the global biolubricants market.
Why Choose This Report
- Gain a reliable outlook of the global biolubricants market forecasts from 2022 to 2028 across scenarios.
- Identify growth segments for investment.
- Stay ahead of competitors through company profiles and market data.
- The market estimate for ease of analysis across scenarios in Excel format.
- Strategy consulting and research support for three months.
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