Press release
Bio Based Lubricants Market Growth Opportunities & Forecast Report 2024
Read Report Overview @
https://www.transparencymarketresearch.com/bio-based-lubricants.html
Bio based lubricants are mainly synthesized from vegetable oil and oilseeds. Bio based lubricants are mostly made of esters, which are either natural, oleo chemical, or complex. While natural esters are triglycerides of vegetable oils, oleo chemical esters of fatty acids are polyol esters and diesters and complex esters. These lubricating substances are synthesized from numerous cultures, usually rapeseed or sunflower, but can also be produced from exotic oils. Moreover, depending on the usage, fatty acids can also be derived from palm oil and coconut oil and these oils have distinguished properties in comparison to the oils that are commonly use, predominantly in terms of oxidation stability.
The report is a complete study of current market trends, growth drivers, and restraints that will impact the growth of the global bio based lubricants market between 2014 and 2020. Using validated research tools and assumptions, the report presents market size estimates and competitive structure of the market until the end of the forecast period in 2024.
The implementation of mandates for the usage of bio based lubricants and growth in end-user industries such as transportation, shipping are some of the major factors driving the global bio based lubricants market. The increasing use of bio based lubricants derived from renewable resources is also due to their low toxicity, high biodegradability, and environment-friendly nature. Due to the natural abundance and high lubricating properties of vegetable oils, they are increasingly finding application in hydraulic fluids, petroleum fuel additives, engine oils, and metalworking fluids. With increasing demand for vegetable oils, their production is also on the rise. For example, the annual production of vegetable oil increased from 55 million metric tons (MMT) in 1980 to 100 MMT by 2000 across the globe. It is projected to reach 200 MMT by 2020.
However, factors such as fluctuations in mineral oil prices and the high cost of production of bio based lubricants are slowing the growth of this market. Nevertheless, rapid industrialization predominantly in emerging economies is expected to offer ample growth opportunities to the growth of this market.
Oil spills and fires that happen due to crude oil based lubricants can impact environmentally sensitive areas such as waterways, harbors, forests, construction sites, agriculture, and mining. Thus, increasing public response to prevent such situations the stipulation of norms that encourages the use of environment friendly lubricants are desirable. This has created an opportunity for the production of environmental friendly lubricants that are synthesized from natural esters such as vegetable oils.
Request to view Sample Report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2920
Some of the leading players in the global bio based lubricants market are United Bio Lube, Soyatech LLC, Renewable Lubricants Inc., and Nio-based Lubricants LLC among others. Each of the companies is profiled for their attributes of business position, recent developments, product portfolio and specification, and SWOTs.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Bio Based Lubricants Market Growth Opportunities & Forecast Report 2024 here
News-ID: 931118 • Views: …
More Releases from Transparency Market Research Reports
High Purity Quartz Market - Global Industry Report, 2030
High Purity Quartz Market: Introduction
Albany, NY - The global high purity quartz market was valued at ~US$ 800 Mn in 2019 and is anticipated to expand at a CAGR of ~6% during the forecast period. The global high purity quartz market is driven by increase in demand for high purity quartz in the global semiconductor industry. Asia Pacific accounts for a major share of the global high purity quartz market,…
Smart Remote Control Market: Analysts Expect Robust Growth in 2028
The rise in the use of technology across the globe has hit the shore of remote controls too. On the back of technological advancements, the smart remote control market may gain considerable momentum across the forecast period of 2019 -2028. The shift in consumer preference from cost-effectiveness to convenience is serving as a prominent growth factor for the smart remote control market. Based on technology type, the smart remote control…
HYDROGEN SULFIDE SCAVENGERS MARKET TO REACH A VALUE OF ~US$ 655 MN BY 2027: TRAN …
Hydrogen Sulfide Scavengers Market: Key Highlights
The global hydrogen sulfide scavengers market was valued at ~US$ 440 Mn in 2018, and is anticipated to expand at a CAGR of ~5% from 2019 to 2027. Increase in crude oil production enhances oilfield operations such as drilling, cementing, production, workover and completion, and well stimulation. This drives the demand for production chemicals such as hydrogen sulfide scavengers.
The demand for crude oil is increasing…
METAL-ORGANIC FRAMEWORK MARKET TO REACH A VALUATION OF ~US$ 24 MN BY 2027: TRANS …
Metal-organic Framework Market: Introduction
In terms of value, the global metal-organic framework market is anticipated to expand at a CAGR of ~11% from 2019 to 2027
Metal-organic framework is a class of porous materials constructed from metal-rich inorganic nodes bonded with organic linkers. The structure provides high density of three-dimensional porous cores with a large surface area, uniform cross-linkages, and tunable porosity. Metal-organic framework possesses excellent absorption rate for hydrogen, water, carbon…
More Releases for Lubricants
India Industrial Lubricants Market Drivers: Apar Industries, Valvoline Cummins, …
The India industrial lubricants market is poised for significant expansion, with its valuation anticipated to climb from an estimated USD 59.4 billion in 2025 to a remarkable USD 86.8 billion by 2035, exhibiting a Compound Annual Growth Rate (CAGR) of 3.8%. This impressive trajectory is fundamentally driven by increased domestic manufacturing, substantial infrastructure investment, and rising awareness of predictive maintenance practices across key industries such as steel, cement, textiles, and…
Biodegradable Lubricants Will Support Demand for Agricultural Lubricants
The material known as a lubricant is used to lessen friction or abrasion between two surfaces that are in touch with one another. It is accessible in solid, liquid, and gaseous states and aids in the removal of heat and the transition of power.
Semisolid versions of them can also be discovered. Grease is one of the most typical types of lubricants in a semisolid form. To boost productivity, lubricants are…
Commercial Vehicle Lubricant Market Top Key Players – Repsol, Castrol, ELF Ind …
Lubricants are essential for modern life. Thanks to the sophisticated oil and grease integration, car engines and transmissions run smoothly.
Lubricants are great fluids. Irrespective of weather conditions, engine oil must operate reliably in the temperature range of 40°C to 250°C or higher (piston ring upper temperature). It must also withstand pressures of 105 to 109 Pascals and contaminants such as metal particles and soot.
Lubricants perform the main functions of…
Commercial Vehicle Lubricant Market Top Key Players – Repsol, Castrol, ELF Ind …
Lubricants are essential in modern life. Car machines and gearboxes run smoothly through the integration of advanced oils and fats. Lubricants are remarkable liquids. Regardless of the weather conditions, the engine oil must operate reliably at temperatures of 40 ° C to above 250 ° C - the temperature near the upper piston ring. It also has to deal with presses between 105 and 109 Pascacakes as well as contaminants,…
Commercial Vehicle Lubricant Market Top Key Players – Repsol, Castrol, ELF Ind …
Lubricating oils are essential to modern life. Automotive engines and gearboxes run smoothly due to the sophisticated oil and grease integration. Lubricating oil is an amazing fluid. Regardless of weather conditions, engine oil should operate stably at temperatures in the range of 250 ° C and above (the temperature near the upper piston ring) at 40 ° C. It also deals with pressures between 105 and 109 Pascals, as well…
Commercial Vehicle Lubricants Market Top Key Players – Repsol, Castrol, ELF In …
Lubricants are essential in modern life. Car engines and gearboxes run smoothly through integration of sophisticated oils and greases. Lubricants are remarkable fluids. Irrespective of weather conditions, the engine oil has to operate reliably over temperatures ranging from -40 °C to above 250 °C – the temperature near the top piston ring. It also has to cope with pressures between 105 and 109 pascals, as well as contaminants including metal…
