Product Code: MRFR/CnM/1478-CR
Bio-Lubricants Market Research Report - Forecast Till 2030
Market Overview
Global Bio-lubricants Market is anticipated to register a CAGR of 4.40% during the forecast period. Flooding interest in car applications and appeal in the marine business are driving market development. The electric vehicle (E.V.) market has seen strong development in a couple of years and is probably going to quickly extend. The interest in E.V.s expanded as of late, which is credited to the developing opinions of shoppers and producers toward ecological worries. The improvement of Energy component Electric Vehicles (FCEVs) is a forward leap in the auto business. This advancement is supposed to support both the interest for and creation of EVs presently.
The present and future enhancements of E.V. lubricants all intend to decrease erosion misfortune, increment strength, increment effectiveness, and further develop other execution factors. Lubricants are expected in basic electrical parts, for example, coolants for vehicle batteries, gear oils for differentials, frames, gear minimizers, wheels, slowing down liquids, and oil for other E.V. parts. Likewise, with expanded ecological worries, biodegradability is a stylish turn of events.
Market Segmentation
The base-oil type, application, end-use industry, and geography are the basis for the segmentation of the worldwide bio-lubricants market. Vegetable oil, synthetic esters, and animal fats are the three categories into which the global market has been split based on base-oil type.
The global bio-lubricants market has been divided into hydraulic oil, mold release agents, chainsaw oils, greases, automobile engine oils, and others based on the application. The global market for bio-lubricants is segmented into the automotive, building & construction, marine, general industrial, food, and other end-use industries.
Regional Insights
North America dominated the market with a market share of 42.1%, representing USD 1,052.23 million in 2021; it is normal to enroll the most elevated CAGR of 6.91% from 2022 to 2030.
A sizable, bio-lubricants industry in the region is presumably going to make the North American region the greatest broadening market for bio-lubricants around the world. The market for bio-lubricants is in like manner expected to foster all through the figure period considering rising government intrigues in establishment improvement in the North American market. Considering the fame of bio-lubricants for auto and transportation endeavors, Europe has been successfully noticing the North American market. The creating revenue in the thing from various applications, including the auto and building and advancement industry, drives the North American market.
Europe's Bio-lubricants market addresses the second-greatest market share on account of the improvement in the vehicle business in the region. Further, the Germany Bio-lubricants market held the greatest market share and was the fastest creating market in the European region. The North America Bio-lubricants Market should create at a CAGR of 6.91% from 2022 to 2030. North America is projected to hold a basic part of the goal market inferable from growing vehicle creation.
Major Players
Shell plc, BP p.l.c., TotalEnergies SE, ExxonMobil Corporation, Fuchs Petrolub SE, Novvi LLC, Emery Oleochemicals, BIONA JERSIN s.r.o., MO8 Specialities Limited, RSC Bio Solutions, BECHEM, and IGOL are the major companies in the bio-lubricant market.
TABLE OF CONTENTS
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 18
- 1.1 MARKET ATTRACTIVENESS ANALYSIS 20
- 1.1.1 BIO-LUBRICANTS MARKET, BY BASE-OIL TYPE 21
- 1.1.2 BIO-LUBRICANTS MARKET ANALYSIS BY APPLICATION 22
- 1.1.3 BIO-LUBRICANTS MARKET, BY END-USE INDUSTRY 23
- 1.1.4 BIO-LUBRICANTS MARKET, BY REGION 24
2 MARKET INTRODUCTION 25
- 2.1 DEFINITION 25
- 2.2 SCOPE OF THE STUDY 25
- 2.3 MARKET STRUCTURE 26
3 RESEARCH METHODOLOGY 27
- 3.1 RESEARCH PROCESS 27
- 3.2 PRIMARY RESEARCH 28
- 3.3 SECONDARY RESEARCH 29
- 3.4 MARKET SIZE ESTIMATION 30
- 3.5 TOP-DOWN AND BOTTOM-UP APPROACH 30
- 3.6 FORECAST MODEL 31
- 3.7 LIST OF ASSUMPTIONS & LIMITATIONS 32
4 MARKET DYNAMICS 33
- 4.1 INTRODUCTION 33
- 4.2 DRIVERS 34
- 4.2.1 SURGING DEMAND FOR AUTOMOTIVE APPLICATION 34
- 4.2.2 HIGH DEMAND IN THE MARINE INDUSTRY 35
- 4.3 RESTRAINTS 37
- 4.3.1 HIGH COST OF BIO-LUBRICANTS AND LOW LUBRICATING PROPERTIES TO HAMPER THE MARKET GROWTH 37
- 4.4 OPPORTUNITIES 38
- 4.4.1 THE STRINGENT GOVERNMENT REGULATIONS GOVERNING OIL-BASED LUBRICANTS BOOST MARKET 38
- 4.5 CHALLENGES 39
- 4.5.1 LIMITATIONS IN THE BIO-LUBRICANTS MANUFACTURING PROCESS 39
5 MARKET FACTOR ANALYSIS 40
- 5.1 SUPPLY CHAIN ANALYSIS 40
- 5.1.1 RAW MATERIALS 40
- 5.1.2 MANUFACTURERS 41
- 5.1.3 DISTRIBUTION & SALES CHANNEL 42
- 5.1.4 END-USERS 42
- 5.2 PORTER'S FIVE FORCES ANALYSIS 43
- 5.2.1 THREAT OF NEW ENTRANTS 43
- 5.2.2 BARGAINING POWER OF SUPPLIERS 44
- 5.2.3 THREAT OF SUBSTITUTES 44
- 5.2.4 BARGAINING POWER OF BUYERS 44
- 5.2.5 INTENSITY OF RIVALRY 44
- 5.3 PRICING ANALYSIS, BY REGION (USD/TON) 2019-2021 45
- 5.4 IMPACT OF COVID-19 ON THE GLOBAL BIO-LUBRICANTS MARKET 45
- 5.4.1 OVERVIEW OF THE SUPPLY AND DEMAND SCENARIO 45
- 5.4.2 IMPACT OF COVID-19 ON END-USE INDUSTRY 45
6 GLOBAL BIO-LUBRICANTS MARKET, BY BASE OIL TYPE 47
- 6.1 OVERVIEW 47
- 6.1.1 BIO-LUBRICANTS: MARKET ESTIMATES & FORECAST BY BASE OIL TYPE, 2019-2030 47
- 6.1.2 BIO-LUBRICANTS: MARKET ESTIMATES & FORECAST BY BASE OIL TYPE, 2019-2030 48
- 6.2 VEGETABLE OIL 49
- 6.2.1 VEGETABLE OIL: MARKET ESTIMATES & FORECAST BY REGION,2019-2030 49
- 6.2.2 VEGETABLE OIL: MARKET ESTIMATES & FORECAST BY REGION,2019-2030 49
- 6.3 SYNTHETIC ESTERS 50
- 6.3.1 SYNTHETIC ESTERS: MARKET ESTIMATES & FORECAST BY REGION,2019-2030 50
- 6.3.2 SYNTHETIC ESTERS: MARKET ESTIMATES & FORECAST BY REGION,2019-2030 50
- 6.4 ANIMAL FATS 51
- 6.4.1 ANIMAL FATS: MARKET ESTIMATES & FORECAST BY REGION,2019-2030 51
- 6.4.2 ANIMAL FATS: MARKET ESTIMATES & FORECAST BY REGION,2019-2030 52
7 GLOBAL BIO-LUBRICANTS MARKET, BY APPLICATION 53
- 7.1 OVERVIEW 53
- 7.1.1 BIO-LUBRICANTS: MARKET ESTIMATES & FORECAST BY APPLICATION, 2019-2030 54
- 7.1.2 BIO-LUBRICANTS: MARKET ESTIMATES & FORECAST BY APPLICATION, 2019-2030 55
- 7.2 HYDRAULIC FLUIDS 55
- 7.2.1 HYDRAULIC FLUIDS: MARKET ESTIMATES & FORECAST BY REGION,2019-2030 56
- 7.3 MOLD RELEASE AGENTS 57
- 7.3.1 MOLD RELEASE AGENTS: MARKET ESTIMATES & FORECAST BY REGION,2019-2030 57
- 7.4 CHAINSAW OIL 58
- 7.4.1 CHAINSAW OIL: MARKET ESTIMATES & FORECAST BY REGION,2019-2030 58
- 7.5 GREASES 59
- 7.5.1 GREASES: MARKET ESTIMATES & FORECAST BY REGION,2019-2030 59
- 7.6 AUTOMOTIVE ENGINE OILS 60
- 7.6.1 AUTOMOTIVE ENGINE OILS: MARKET ESTIMATES & FORECAST BY REGION,2019-2030 60
- 7.7 OTHERS 61
- 7.7.1 OTHERS: MARKET ESTIMATES & FORECAST BY REGION,2019-2030 61
8 GLOBAL BIO-LUBRICANTS MARKET, BY END-USE INDUSTRY 63
- 8.1 OVERVIEW 63
- 8.1.1 BIO-LUBRICANTS: MARKET ESTIMATES & FORECAST BY END-USE INDUSTRY, 2019-2030 64
- 8.1.2 BIO-LUBRICANTS: MARKET ESTIMATES & FORECAST BY END-USE INDUSTRY, 2019-2030 65
- 8.2 AUTOMOTIVE 65
- 8.2.1 AUTOMOTIVE: MARKET ESTIMATES & FORECAST BY REGION,2019-2030 66
- 8.3 CONSTRUCTION 67
- 8.3.1 CONSTRUCTION: MARKET ESTIMATES & FORECAST BY REGION,2019-2030 67
- 8.4 MARINE 68
- 8.4.1 MARINE: MARKET ESTIMATES & FORECAST BY REGION,2019-2030 68
- 8.5 GENERAL INDUSTRIAL 69
- 8.5.1 GENERAL INDUSTRIAL: MARKET ESTIMATES & FORECAST BY REGION,2019-2030 69
- 8.6 FOOD 70
- 8.6.1 FOOD: MARKET ESTIMATES & FORECAST BY REGION,2019-2030 70
- 8.7 OTHERS 71
- 8.7.1 OTHERS: MARKET ESTIMATES & FORECAST BY REGION,2019-2030 71
9 GLOBAL BIO-LUBRICANTS MARKET, BY REGION 73
- 9.1 OVERVIEW 73
- 9.2 NORTH AMERICA 75
- 9.2.1 US 79
- 9.2.2 CANADA 82
- 9.3 EUROPE 85
- 9.3.1 GERMANY 89
- 9.3.2 UK 93
- 9.3.3 FRANCE 96
- 9.3.4 SPAIN 99
- 9.3.5 ITALY 102
- 9.3.6 REST OF EUROPE 105
- 9.4 ASIA PACIFIC 108
- 9.4.1 CHINA 112
- 9.4.2 JAPAN 115
- 9.4.3 INDIA 118
- 9.4.4 SOUTH KOREA 121
- 9.4.5 REST OF ASIA-PACIFIC 124
- 9.5 LATIN AMERICA 127
- 9.5.1 BRAZIL 131
- 9.5.2 MEXICO 134
- 9.5.3 ARGENTINA 137
- 9.5.4 REST OF LATIN AMERICA 140
- 9.6 MIDDLE EAST & AFRICA 143
- 9.6.1 GCC COUNTRIES 147
- 9.6.2 SOUTH AFRICA 150
- 9.6.3 REST OF MIDDLE EAST & AFRICA 153
10 COMPETITIVE LANDSCAPE 156
- 10.1 COMPETITIVE OVERVIEW 156
- 10.2 KEY DEVELOPMENTS 156
- 10.3 GLOBAL MARKET STRATEGY ANALYSIS 156
- 10.4 COMPETITIVE BENCHMARKING 157
11 COMPANY PROFILES 158
- 11.1 EXXONMOBIL CORPORATION 158
- 11.1.1 COMPANY OVERVIEW 158
- 11.1.2 FINANCIAL OVERVIEW 159
- 11.1.3 PRODUCTS OFFERED 159
- 11.1.4 KEY DEVELOPMENTS 160
- 11.1.5 SWOT ANALYSIS 160
- 11.1.6 KEY STRATEGIES 160
- 11.2 TOTALENERGIES SE 161
- 11.2.1 COMPANY OVERVIEW 161
- 11.2.2 FINANCIAL OVERVIEW 162
- 11.2.3 PRODUCTS OFFERED 162
- 11.2.4 KEY DEVELOPMENTS 163
- 11.2.5 SWOT ANALYSIS 163
- 11.2.6 KEY STRATEGIES 163
- 11.3 BP P.L.C. 164
- 11.3.1 COMPANY OVERVIEW 164
- 11.3.2 FINANCIAL OVERVIEW 165
- 11.3.3 PRODUCTS OFFERED 165
- 11.3.4 KEY DEVELOPMENTS 166
- 11.3.5 SWOT ANALYSIS 166
- 11.3.6 KEY STRATEGIES 166
- 11.4 SHELL PLC 167
- 11.4.1 COMPANY OVERVIEW 167
- 11.4.2 FINANCIAL OVERVIEW 168
- 11.4.3 PRODUCTS OFFERED 168
- 11.4.4 KEY DEVELOPMENTS 169
- 11.4.5 SWOT ANALYSIS 169
- 11.4.6 KEY STRATEGIES 169
- 11.5 FUCHS PETROLUB SE 170
- 11.5.1 COMPANY OVERVIEW 170
- 11.5.2 FINANCIAL OVERVIEW 170
- 11.5.3 PRODUCTS OFFERED 171
- 11.5.4 KEY DEVELOPMENTS 171
- 11.5.5 SWOT ANALYSIS 172
- 11.5.6 KEY STRATEGIES 172
- 11.6 NOVVI LLC 173
- 11.6.1 COMPANY OVERVIEW 173
- 11.6.2 FINANCIAL OVERVIEW 173
- 11.6.3 PRODUCTS OFFERED 173
- 11.6.4 KEY DEVELOPMENTS 173
- 11.6.5 SWOT ANALYSIS 174
- 11.6.6 KEY STRATEGIES 174
- 11.7 EMERY OLEOCHEMICALS 175
- 11.7.1 COMPANY OVERVIEW 175
- 11.7.2 FINANCIAL OVERVIEW 176
- 11.7.3 PRODUCTS OFFERED 177
- 11.7.4 KEY DEVELOPMENTS 177
- 11.7.5 SWOT ANALYSIS 178
- 11.7.6 KEY STRATEGIES 178
- 11.8 BIONA JERSIN S.R.O. 179
- 11.8.1 COMPANY OVERVIEW 179
- 11.8.2 FINANCIAL OVERVIEW 179
- 11.8.3 PRODUCTS OFFERED 179
- 11.8.4 KEY DEVELOPMENTS 180
- 11.8.5 SWOT ANALYSIS 180
- 11.8.6 KEY STRATEGIES 180
- 11.9 MO8 SPECIALITIES LIMITED 181
- 11.9.1 COMPANY OVERVIEW 181
- 11.9.2 FINANCIAL OVERVIEW 181
- 11.9.3 PRODUCTS OFFERED 181
- 11.9.4 KEY DEVELOPMENTS 181
- 11.9.5 SWOT ANALYSIS 182
- 11.9.6 KEY STRATEGIES 182
- 11.10 RSC BIO SOLUTIONS 183
- 11.10.1 COMPANY OVERVIEW 183
- 11.10.2 FINANCIAL OVERVIEW 183
- 11.10.3 PRODUCTS OFFERED 183
- 11.10.4 KEY DEVELOPMENTS 183
- 11.10.5 SWOT ANALYSIS 184
- 11.10.6 KEY STRATEGIES 184
- 11.11 BECHEM 185
- 11.11.1 COMPANY OVERVIEW 185
- 11.11.2 FINANCIAL OVERVIEW 185
- 11.11.3 PRODUCTS OFFERED 185
- 11.11.4 KEY DEVELOPMENTS 186
- 11.11.5 SWOT ANALYSIS 186
- 11.11.6 KEY STRATEGIES 186
- 11.12 IGOL 187
- 11.12.1 COMPANY OVERVIEW 187
- 11.12.2 FINANCIAL OVERVIEW 187
- 11.12.3 PRODUCTS OFFERED 187
- 11.12.4 KEY DEVELOPMENTS 188
- 11.12.5 SWOT ANALYSIS 188
- 11.12.6 KEY STRATEGIES 188
12 APPENDIX 189
- 12.1 REFERENCES 189
- 12.2 RELATED REPORTS 190