Market Overview:
The global bio-based lubricants market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of XX% during the forecast period. The growth of the market can be attributed to the increasing demand for environment-friendly products and stringent regulations on emissions from traditional lubricants. Based on type, vegetable oils are expected to account for a major share of the global bio-based lubricants market in 2018. This can be attributed to their high viscosity index and low volatility as compared with other types of bio-based lubricants. Animal fat is projected to be the fastest growing type segment during the forecast period owing to its properties such as high thermal stability and resistance against oxidation. In terms of application, automotive sector is expected dominate the global bio-based lubricants market in 2018. This can be attributed rising demand for ecofriendly automotive products coupled with stringent emission norms across different geographies.
Product Definition:
Bio-based lubricants are derived from renewable resources such as plants, animals or their byproducts. They are often used in manufacturing and automotive applications where environmental friendliness is important. Bio-based lubricants can also be more biodegradable than other types of lubricants, which means they can break down more easily in the environment.
Vegetable Oils:
Vegetable oils are the extracted, refined or processed forms of vegetable matter such as seeds, fruits and stem. They are majorly used in the production of bio-based lubricants. The global market for these products is expected to grow at a CAGR of XX% from 2017 to 2025 owing to increasing demand for biodiesel coupled with growing environmental concerns regarding petroleum-based lubricant usage.
Animal Fat:
Animal fat is a by-product obtained from rendering animal fats. It is used as an ingredient in the manufacturing of various lubricants such as bio-based mineral oils, polyols, esters and glycerin. Animal fat has been traditionally used to produce lube for industrial applications which include metal working, textile finishing and food processing industries.
Increasing demand for natural/bio based lubricants particularly in developed countries including U.S.
Application Insights:
The automotive segment accounted for the largest market share in 2017 and is projected to continue its dominance over the forecast period. Rising demand for bio-based lubricants from various industries including marine, mechanical, aerospace and others are expected to drive growth. Other applications include industrial machinery, diesel engines and power tools among others. The product is widely used in industrial machinery as it reduces fuel consumption while increasing productivity by reducing friction loss due to contamination caused by oil leakageages on metal surfaces when compared with conventional petroleum-based oils.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing demand for bio-based lubricants in countries, such as China and India. In addition, rising awareness regarding environment protection and growing automotive industry are anticipated to drive the product demand over the forecast period.
Europe was estimated as having been one of the largest markets for bio-based lubricant in 2016 owing to high consumption levels in Germany, U.K., France and Italy among other Eastern European countries.
Growth Factors:
- Increasing demand from the automotive and transportation sector: The global bio-based lubricants market is expected to grow at a CAGR of more than 7% during the forecast period. This can be attributed to the increasing demand for bio-based lubricants from the automotive and transportation sector, as they are environment-friendly and help reduce carbon emissions.
- Rising awareness about benefits of bio-based lubricants: There is a growing awareness among consumers about the benefits of using bio-based lubricants, which is helping to drive market growth. Bio-based lubricants offer various advantages such as reducing environmental pollution, improving equipment efficiency, and reducing operating costs.
- Technological advancements in production process: The technological advancements in production process are aiding in increasing the adoption of bio- based lubricants globally. For instance, companies are now able to produce high quality products by using advanced technologies such as nanotechnology and biotechnology. This is resulting in an increase in product offerings with better performance characteristics compared to traditional mineral oil based products..
Scope Of The Report
Report Attributes
Report Details
Report Title
Bio-Based Lubricants Market Research Report
By Type
Vegetable Oils, Animal Fat
By Application
Automotive, Ship, Aircraft, Mechanical, Other
By Companies
Ineos Bio, GreenHunter, Brasil Ecodiesel, Archer Daniel Midland, Infineum International, Tianhe Chemicals, Evonik Industries, Croda International, Lubrizol, Ineos Bio
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
179
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Bio-Based Lubricants Market Report Segments:
The global Bio-Based Lubricants market is segmented on the basis of:
Types
Vegetable Oils, Animal Fat
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Ship, Aircraft, Mechanical, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ineos Bio
- GreenHunter
- Brasil Ecodiesel
- Archer Daniel Midland
- Infineum International
- Tianhe Chemicals
- Evonik Industries
- Croda International
- Lubrizol
- Ineos Bio
Highlights of The Bio-Based Lubricants Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Vegetable Oils
- Animal Fat
- By Application:
- Automotive
- Ship
- Aircraft
- Mechanical
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bio-Based Lubricants Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bio-based lubricants are made from natural ingredients, such as plant oils and fats. They are often more environmentally friendly than traditional lubricants, because they do not contain harmful chemicals. Bio-based lubricants can also be safer for users with allergies to other types of oil or latex.
Some of the major players in the bio-based lubricants market are Ineos Bio, GreenHunter, Brasil Ecodiesel, Archer Daniel Midland, Infineum International, Tianhe Chemicals, Evonik Industries, Croda International, Lubrizol, Ineos Bio.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bio-Based Lubricants Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bio-Based Lubricants Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bio-Based Lubricants Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bio-Based Lubricants Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bio-Based Lubricants Market Size & Forecast, 2020-2028
4.5.1 Bio-Based Lubricants Market Size and Y-o-Y Growth
4.5.2 Bio-Based Lubricants Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Vegetable Oils
5.2.2 Animal Fat
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Ship
6.2.3 Aircraft
6.2.4 Mechanical
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bio-Based Lubricants Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bio-Based Lubricants Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Vegetable Oils
9.6.2 Animal Fat
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Ship
9.10.3 Aircraft
9.10.4 Mechanical
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Vegetable Oils
10.6.2 Animal Fat
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Ship
10.10.3 Aircraft
10.10.4 Mechanical
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Vegetable Oils
11.6.2 Animal Fat
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Ship
11.10.3 Aircraft
11.10.4 Mechanical
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Vegetable Oils
12.6.2 Animal Fat
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Ship
12.10.3 Aircraft
12.10.4 Mechanical
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Vegetable Oils
13.6.2 Animal Fat
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Ship
13.10.3 Aircraft
13.10.4 Mechanical
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bio-Based Lubricants Market: Competitive Dashboard
14.2 Global Bio-Based Lubricants Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ineos Bio
14.3.2 GreenHunter
14.3.3 Brasil Ecodiesel
14.3.4 Archer Daniel Midland
14.3.5 Infineum International
14.3.6 Tianhe Chemicals
14.3.7 Evonik Industries
14.3.8 Croda International
14.3.9 Lubrizol
14.3.10 Ineos Bio
