Market Overview:
The global biodegradable 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 across different industries. Based on type, vegetable oil is expected to account for a major share of the global biodegradable lubricants market in 2018. This can be attributed to its high bioavailability and easy availability as compared with other types of oils. Animal oil is also anticipated to witness significant growth during the forecast period owing to its properties such as high viscosity index and thermal stability. Based on application, industrial use accounted for a major share of the global biodegradable lubricants market in 2017. This can be attributed to stringent environmental regulations across different countries coupled with rising awareness about benefits associated with using bio-based products over conventional petroleum-based products.
Product Definition:
Biodegradable Lubricants are those that can decompose naturally in the environment. They are made from renewable resources and do not contain any harmful chemicals. Biodegradable lubricants play an important role in protecting the environment by reducing pollution.
Vegetable Oil:
Vegetable oil is a hydrocarbon-based,fatty acid vegetable that is extracted from plant materials via solvent extraction process. It has been used as a major source of calories and fat in the human diet for thousands of years. The modern industrial usage includes the production of soaps, lubricants, cosmetics & personal care products (shampoos), food processing equipment greases and plasticizers among others.
Animal Oil:
Animal oil is the fat, mostly from fish and poultry, that is extracted during the processing of meat. It can be used as a direct substitute for mineral oils in biodegradable lubricants. The demand for animal oil has been on a rise due to its high smoke point compared to vegetable oils which makes it suitable for use in cooking and baking applications along with other household purposes.
Application Insights:
The industrial use segment led the global biodegradable lubricants market in 2017 and is projected to witness significant growth over the forecast period. The growing demand for bio-based products from various industries including oil & gas, construction, automotive, and others is expected to drive the industry growth over the coming years.
The commercial transport segment held a substantial share of more than 30% in 2017 owing to rising awareness among consumers regarding switching fuel sources from petroleum-based products to environment-friendly ones. Moreover, stringent government regulations against VOC emissions are anticipated to increase product demand in near future. Increasing focus on reducing vehicle emissions with regard bothto performance as well as environmental impact is likelyto boost product penetration during upcoming phases of vehicle production cycle which includes midlife updates for existing fleet along with new model launches across all major regions globally.
Regional Analysis:
Asia Pacific is expected to be the largest and fastest-growing regional market over the forecast period. The region has been witnessing strong economic growth on account of increasing industrial output, coupled with rising automotive production in countries such as China, India, Thailand and Indonesia. Moreover, rapid urbanization along with growing transportation sector is further anticipated to drive demand for sustainable products in this region.
Europe was estimated to be the second-largest regional market in 2017 owing to high demand from several major application industries including food & beverage and personal care & cosmetics sectors. North America also accounted for a significant share of global revenue due to high awareness regarding product benefits coupled with stringent regulations by U.S Environmental Protection Agency (EPA) pertainingto synthetic oil use across various applications such as industrial machinery and transport vehicles operating at elevated temperatures will continue driving industry expansion over next eight years The U.S.
Growth Factors:
- Increasing demand from end-use industries: The biodegradable lubricants market is witnessing a surge in demand from various end-use industries, owing to the benefits offered by these products over conventional lubricants.
- Rising environmental concerns: There is an increasing awareness among consumers about the harmful effects of conventional lubricants on the environment and this is driving them towards opting for biodegradable alternatives.
- Technological advancements: The development of new and innovative technologies has led to an increase in the adoption of biodegradable lubricants, as they offer better performance as compared to traditional products.
- Stringent regulations: Governments across different countries are implementing stringent regulations governing the use of conventional lubricants, which is aiding in the growth of the biodegradable lubricants market. 5) Growing popularity of green initiatives: Consumers are increasingly preferring environmentally friendly products and services and this is benefiting the growth prospects of the global biodegradable lubricants market
Scope Of The Report
Report Attributes
Report Details
Report Title
Biodegradable Lubricants Market Research Report
By Type
Vegetable Oil, Animal Oil
By Application
Industrial Use, Commercial Transport, Automobile
By Companies
Exxon Mobil, Shell, BP, TOTAL, Chevron, Fuchs, Binol Biolubricants, Emery Oleochemicals, Renewable Lubricants, Exxon Mobil
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
206
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Biodegradable Lubricants Market Report Segments:
The global Biodegradable Lubricants market is segmented on the basis of:
Types
Vegetable Oil, Animal Oil
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
Industrial Use, Commercial Transport, Automobile
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:
- Exxon Mobil
- Shell
- BP
- TOTAL
- Chevron
- Fuchs
- Binol Biolubricants
- Emery Oleochemicals
- Renewable Lubricants
- Exxon Mobil
Highlights of The Biodegradable 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 Oil
- Animal Oil
- By Application:
- Industrial Use
- Commercial Transport
- Automobile
- 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 Biodegradable 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?
Biodegradable lubricants are those that can break down into harmless byproducts in the environment. This means that they don't accumulate in landfills and can be disposed of safely.
Some of the key players operating in the biodegradable lubricants market are Exxon Mobil, Shell, BP, TOTAL, Chevron, Fuchs, Binol Biolubricants, Emery Oleochemicals, Renewable Lubricants, Exxon Mobil.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Biodegradable 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 Biodegradable Lubricants Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Biodegradable 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 Biodegradable 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 Biodegradable Lubricants Market Size & Forecast, 2018-2028
4.5.1 Biodegradable Lubricants Market Size and Y-o-Y Growth
4.5.2 Biodegradable Lubricants Market Absolute $ Opportunity
Chapter 5 Global Biodegradable Lubricants 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 Biodegradable Lubricants Market Size Forecast by Type
5.2.1 Vegetable Oil
5.2.2 Animal Oil
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Biodegradable Lubricants 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 Biodegradable Lubricants Market Size Forecast by Applications
6.2.1 Industrial Use
6.2.2 Commercial Transport
6.2.3 Automobile
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Biodegradable 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 Biodegradable 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 Biodegradable Lubricants Analysis and Forecast
9.1 Introduction
9.2 North America Biodegradable Lubricants 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 Biodegradable Lubricants Market Size Forecast by Type
9.6.1 Vegetable Oil
9.6.2 Animal Oil
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 Biodegradable Lubricants Market Size Forecast by Applications
9.10.1 Industrial Use
9.10.2 Commercial Transport
9.10.3 Automobile
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 Biodegradable Lubricants Analysis and Forecast
10.1 Introduction
10.2 Europe Biodegradable Lubricants 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 Biodegradable Lubricants Market Size Forecast by Type
10.6.1 Vegetable Oil
10.6.2 Animal Oil
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 Biodegradable Lubricants Market Size Forecast by Applications
10.10.1 Industrial Use
10.10.2 Commercial Transport
10.10.3 Automobile
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 Biodegradable Lubricants Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Biodegradable Lubricants 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 Biodegradable Lubricants Market Size Forecast by Type
11.6.1 Vegetable Oil
11.6.2 Animal Oil
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 Biodegradable Lubricants Market Size Forecast by Applications
11.10.1 Industrial Use
11.10.2 Commercial Transport
11.10.3 Automobile
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 Biodegradable Lubricants Analysis and Forecast
12.1 Introduction
12.2 Latin America Biodegradable Lubricants 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 Biodegradable Lubricants Market Size Forecast by Type
12.6.1 Vegetable Oil
12.6.2 Animal Oil
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 Biodegradable Lubricants Market Size Forecast by Applications
12.10.1 Industrial Use
12.10.2 Commercial Transport
12.10.3 Automobile
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) Biodegradable Lubricants Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Biodegradable Lubricants 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) Biodegradable Lubricants Market Size Forecast by Type
13.6.1 Vegetable Oil
13.6.2 Animal Oil
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) Biodegradable Lubricants Market Size Forecast by Applications
13.10.1 Industrial Use
13.10.2 Commercial Transport
13.10.3 Automobile
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 Biodegradable Lubricants Market: Competitive Dashboard
14.2 Global Biodegradable Lubricants Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Exxon Mobil
14.3.2 Shell
14.3.3 BP
14.3.4 TOTAL
14.3.5 Chevron
14.3.6 Fuchs
14.3.7 Binol Biolubricants
14.3.8 Emery Oleochemicals
14.3.9 Renewable Lubricants
14.3.10 Exxon Mobil
