Environmental regulations, increasing production of vegetable oils, and emerging applications of biolubricants are some of the drivers of market.
Complete report on Biolubricants Market spread across 218 pages, profiling 20 companies and supported with 231 tables and 64 figures is now available at http://www.rnrmarketresearch.com/biolubricants-market-by-type-vegetable-oil-animal-fat-application-hydraulic-fluids-metalworking-fluids-chainsaw-oils-mold-release-agents-end-use-industrial-commercial-transport-consumer-automobile-by-region-global-trends-and--market-report.html
Hydraulic fluids application accounted for the largest share in terms of value, in 2015. The segment is also projected to witness the highest CAGR during the forecast period. Hydraulic fluids are used in moving mechanical parts, cylinders in bridges and locks, elevator, and other fluids.
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In the U.S. and Canada, more than 75% of the elevators work on the principle of hydraulic fluids, which has the substantial market potential for biolubricants. Modified variant of biolubricants are being developed which remain in liquid form even at low temperature with high oxidative stability. These lubricants have long lifespan and are, therefore, expected to have increasing use in low temperature applications. This is driving the market for hydraulic fluids application segment.
Commercial transport is projected to be the fastest-growing end-use segment of biolubricants. It consumes lubricants on a large scale. Lubricants are utilized in heavy vehicles such as Lorries, buses, agricultural machines, and marine transport. The marine industry is a major driving force for the commercial transport segment due to concerns about safe disposal of lubricants into the marine ecosystem. Various regulations are in place to ensure the use of biodegradable lubricants in the marine industry.
This study has been validated through primary interviews with various industry experts globally. The break-up profile of primary discussion participants is given here Tier 1 (65%); Tier 2 (20%) and others (15%) companies were contacted for interviews. The interviews were conducted with various key people such as C Level (60%), Directors Level (15%) and other (25%) from various key organizations. The primary interviews were conducted worldwide covering regions such as North America (30%), Europe (30%), Asia Pacific (25%) and Row (15%).
The key companies profiled in this report are as Exxon Mobil (U.S.), Royal Dutch Shell plc. (Netherlands), Fuchs Petrolub AG (Germany) (U.S.), Chevron Corporation (U.S.), BP plc (U.K.), Total S.A. (France), Emery Oleochemicals Group (Malaysia), Albemarle Corporation (U.S.), Binol Biolubricants (Sweden), Panolin AG (Switzerland)., Kluber Lubrication Munchen SE &Co., KG (Germany), and Rowe Mineralolwerk GMBH (Germany).
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The report offers market estimations and projections till 2021 and offers a complete study of the market dynamics. In addition, the report provides the competitive landscape with major growth strategies adopted by the key players.
On a related note, another research titled with Automotive Lubricants for Africa — Brand Awareness, Market Share, Sales Channel Analysis and Market Size & Forecast to 2020. The market size of Africa automotive lubricants is projected to reach 763,781.6 kilo liters by 2020, registering a CAGR of 3.5% between 2015 and 2020. Now available at http://www.rnrmarketresearch.com/automotive-lubricants-for-africa-brand-awareness-market-share-sales-channel-analysis-and-market-size-forecast-to-2020-market-report.html .


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