Biolubricants Market Insights with Key Company Profiles – Forecast to 2025

The global Biolubricants Market was worth USD 1.87 billion in the year 2016 and is predicted to reach approximately USD 3.23 billion by 2025, while registering itself at a compound annual growth rate (CAGR) of 6.24% during the forecast period. Increasing requirement for biolubricants due to its remarkable features such as lower emission levels, biodegradability, high flash points and high viscosity are major factors that boost the growth of the market in several industrial applications. Rising initiatives towards Research and development by major companies that are participating along with enhancements in technology are anticipated to open new opportunities for the growth of this market.

Moreover, factors such as green base oils being cost-competitive, rendering significant performance are playing a vital to spur the growth of the market. The development of the automotive industry, specifically in upcoming economies such as India, China, South Africa and Brazil are expected to fuel the consumption of durable products that provide more efficiency of fuel and reduced emissions of carbon from the vehicles. The production of biolubricants widely depends on animal oils as well as vegetable oils that are side products of various industrial processes. Processing technologies that are complicated also boost the cost of production which may hinder the growth of the market.

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  • Biolubricants Market, By Source, Estimates and Forecast, 2016-2025 ($Million)
    • Animal Fats
    • Edible and Non-edible oils
    • Other Sources
  • Biolubricants Market, By Application, Estimates and Forecast, 2016-2025 ($Million)
    • Greases
    • Metal working
    • Automotive
    • Oilfield
    • Industrial lubricant
    • Other Applications

Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

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