Market Overview:
The global soybean oil-based lubricants market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for bio-based lubricants across different applications and regions. Soybean oil is a renewable resource that can be used as a feedstock for biodiesel production, which is further used as a fuel or lubricant additive. Additionally, soybean oil has low toxicity and environmental impact, which makes it an attractive option over other petroleum-based products. The hydrogenated method segment accounted for the largest share of the global soybean oil-based lubricants market in 2017 and is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030.
Product Definition:
Soybean oil-based lubricants are vegetable-based oils that have been used for centuries as a natural way to lubricate and protect metal objects. The importance of soybean oil-based lubricants is that they are environmentally friendly and non-toxic, making them safe for use around people and animals. They also work well in both hot and cold temperatures, making them ideal for a variety of applications.
Hydrogenated Method:
Hydrogenated method is a process in which vegetable oils are treated with hydrogen gas to increase their viscosity. The resultant product has better lubricating properties as compared to the original oil. It also helps in reducing the overall cost of production and transportation owing to its low density and high stability during storage & shipment.
Epoxidation Method:
Epoxidation is a chemical reaction between an oxygen-atom and an alkene. The most common epoxidized products are polymers, fatty alcohols, glycerol esters, and fatty acids.
Application Insights:
Engine oil segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to extensive usage of engine oil in various applications including automotive, marine, aviation and power generation among others. Engine oils are also used directly as motor fuels on account of their low flash point which makes them suitable for use in gas-turbine engines. These factors are likely to promote product demand over the coming years as well.
Metalworking fluids was another prominent application that accounted for a significant market share in 2017 owing to its wide scope across several industries worldwide such as construction, manufacturing and energy among others where corrosion control is required under high temperatures & pressures conditions which soybean oil-based lubricants cater to provide excellent results with reduced environmental impact along with cost savings too!.
Regional Analysis:
Asia Pacific accounted for the largest share of over 40% in 2017. The region is expected to witness significant growth on account of increasing industrial activities coupled with rapid urbanization and development in emerging economies such as China, India, Indonesia, Vietnam and Thailand. In addition, rising disposable income levels are anticipated to fuel the demand for consumer goods which will drive the lubricant market further.
The Asia Pacific was followed by Europe wherein Germany emerged as a major contributor owing to its extensive usage in numerous industries including automotive & transportation; metalworking; machinery manufacturing; food processing & packaging among others.
Growth Factors:
- Increasing demand from end-use industries: The soybean oil-based lubricants market is witnessing a rise in demand from various end-use industries such as automotive, marine, and industrial. This is owing to the superior performance of soybean oil-based lubricants over mineral oils in terms of thermal stability, oxidation resistance, and biodegradability.
- Growing popularity of biofuels: Soybean oil is one of the most popular feedstocks for biodiesel production. This is driving the growth of the soybean oil-based lubricants market as well, as biodiesel producers are increasingly using soybean oil as a raw material for their products.
- Technological advancements: The development of new technologies that enable the use of renewable resources in place of petrochemicals is aiding the growth of the soybean oil-based lubricants market. For instance, enzymatic hydrolysis technology can be used to convert vegetable oils into fatty acids or methyl esters which can then be used as raw materials for making biodiesel or other derivatives products such as surfactants and solvents .
Scope Of The Report
Report Attributes
Report Details
Report Title
Soybean Oil-based Lubricants Market Research Report
By Type
Hydrogenated Method, Epoxidation Method, Transesterification Method
By Application
Metalworking Fluids, Engine Oils, Hydraulic Fluids, Process Oils, Food Grade Lubricants, Others
By Companies
Cargill, Environmental Lubricants Manufacturing, Monsanto Company, Biosynthetic Technologies, Cortec Corporation, Pioneer Hi-Bred International, Linnaeus Plant Sciences, Gemtek, BioBlend Lubricants, Cenex, Renewable Lubricants, Elevance Renewable Sciences, Plews & Edelmann
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Soybean Oil-based Lubricants Market Report Segments:
The global Soybean Oil-based Lubricants market is segmented on the basis of:
Types
Hydrogenated Method, Epoxidation Method, Transesterification Method
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
Metalworking Fluids, Engine Oils, Hydraulic Fluids, Process Oils, Food Grade Lubricants, Others
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:
- Cargill
- Environmental Lubricants Manufacturing
- Monsanto Company
- Biosynthetic Technologies
- Cortec Corporation
- Pioneer Hi-Bred International
- Linnaeus Plant Sciences
- Gemtek
- BioBlend Lubricants
- Cenex
- Renewable Lubricants
- Elevance Renewable Sciences
- Plews & Edelmann
Highlights of The Soybean Oil-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:
- Hydrogenated Method
- Epoxidation Method
- Transesterification Method
- By Application:
- Metalworking Fluids
- Engine Oils
- Hydraulic Fluids
- Process Oils
- Food Grade Lubricants
- Others
- 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 Soybean Oil-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.
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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?
Soybean oil-based lubricants are a type of lubricant that is made from soybean oil. Soybean oil is a natural resource that can be used to make lubricants, and it has many benefits for the environment. Soybean oil-based lubricants are environmentally friendly because they do not contain harmful chemicals. They also have low environmental impact because they can be recycled.
Some of the key players operating in the soybean oil-based lubricants market are Cargill, Environmental Lubricants Manufacturing, Monsanto Company, Biosynthetic Technologies, Cortec Corporation, Pioneer Hi-Bred International, Linnaeus Plant Sciences, Gemtek, BioBlend Lubricants, Cenex, Renewable Lubricants, Elevance Renewable Sciences, Plews & Edelmann.
The soybean oil-based lubricants market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Soybean Oil-based Lubricants Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Soybean Oil-based Lubricants Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Soybean Oil-based Lubricants Market - Supply Chain
4.5. Global Soybean Oil-based Lubricants Market Forecast
4.5.1. Soybean Oil-based Lubricants Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Soybean Oil-based Lubricants Market Size (000 Units) and Y-o-Y Growth
4.5.3. Soybean Oil-based Lubricants Market Absolute $ Opportunity
5. Global Soybean Oil-based Lubricants Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Soybean Oil-based Lubricants Market Size and Volume Forecast by Type
5.3.1. Hydrogenated Method
5.3.2. Epoxidation Method
5.3.3. Transesterification Method
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Soybean Oil-based Lubricants Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Soybean Oil-based Lubricants Market Size and Volume Forecast by Application
6.3.1. Metalworking Fluids
6.3.2. Engine Oils
6.3.3. Hydraulic Fluids
6.3.4. Process Oils
6.3.5. Food Grade Lubricants
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Soybean Oil-based Lubricants Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Soybean Oil-based Lubricants Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Soybean Oil-based Lubricants Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Soybean Oil-based Lubricants Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Soybean Oil-based Lubricants Demand Share Forecast, 2019-2026
9. North America Soybean Oil-based Lubricants Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Soybean Oil-based Lubricants Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Soybean Oil-based Lubricants Market Size and Volume Forecast by Application
9.4.1. Metalworking Fluids
9.4.2. Engine Oils
9.4.3. Hydraulic Fluids
9.4.4. Process Oils
9.4.5. Food Grade Lubricants
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Soybean Oil-based Lubricants Market Size and Volume Forecast by Type
9.7.1. Hydrogenated Method
9.7.2. Epoxidation Method
9.7.3. Transesterification Method
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Soybean Oil-based Lubricants Demand Share Forecast, 2019-2026
10. Latin America Soybean Oil-based Lubricants Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Soybean Oil-based Lubricants Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Soybean Oil-based Lubricants Market Size and Volume Forecast by Application
10.4.1. Metalworking Fluids
10.4.2. Engine Oils
10.4.3. Hydraulic Fluids
10.4.4. Process Oils
10.4.5. Food Grade Lubricants
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Soybean Oil-based Lubricants Market Size and Volume Forecast by Type
10.7.1. Hydrogenated Method
10.7.2. Epoxidation Method
10.7.3. Transesterification Method
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Soybean Oil-based Lubricants Demand Share Forecast, 2019-2026
11. Europe Soybean Oil-based Lubricants Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Soybean Oil-based Lubricants Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Soybean Oil-based Lubricants Market Size and Volume Forecast by Application
11.4.1. Metalworking Fluids
11.4.2. Engine Oils
11.4.3. Hydraulic Fluids
11.4.4. Process Oils
11.4.5. Food Grade Lubricants
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Soybean Oil-based Lubricants Market Size and Volume Forecast by Type
11.7.1. Hydrogenated Method
11.7.2. Epoxidaion Method
11.7.3. Transesterification Method
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Soybean Oil-based Lubricants Demand Share, 2019-2026
12. Asia Pacific Soybean Oil-based Lubricants Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Soybean Oil-based Lubricants Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Soybean Oil-based Lubricants Market Size and Volume Forecast by Application
12.4.1. Metalworking Fluids
12.4.2. Engine Oils
12.4.3. Hydraulic Fluids
12.4.4. Process Oils
12.4.5. Food Grade Lubricants
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Soybean Oil-based Lubricants Market Size and Volume Forecast by Type
12.7.1. Hydrogenated Method
12.7.2. Epoxidation Method
12.7.3. Transesterification Method
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Soybean Oil-based Lubricants Demand Share, 2019-2026
13. Middle East & Africa Soybean Oil-based Lubricants Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Soybean Oil-based Lubricants Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Soybean Oil-based Lubricants Market Size and Volume Forecast by Application
13.4.1. Metalworking Fluids
13.4.2. Engine Oils
13.4.3. Hydraulic Fluids
13.4.4. Process Oils
13.4.5. Food Grade Lubricants
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Soybean Oil-based Lubricants Market Size and Volume Forecast by Type
13.7.1. Hydrogenated Method
13.7.2. Epoxidation Method
13.7.3. Transesterification Method
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Soybean Oil-based Lubricants Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Soybean Oil-based Lubricants Market: Market Share Analysis
14.2. Soybean Oil-based Lubricants Distributors and Customers
14.3. Soybean Oil-based Lubricants Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Cargill
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Environmental Lubricants Manufacturing
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Monsanto Company
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Biosynthetic Technologies
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Cortec Corporation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Pioneer Hi-Bred International
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Linnaeus Plant Sciences
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Gemtek
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. BioBlend Lubricants
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Cenex
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Renewable Lubricants
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Elevance Renewable Sciences
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Plews & Edelmann
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
