DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Bio-lubricants Market - Segmented by Raw Material, Application, End-user Industry, and Geography - Trends and Forecasts (2016-2021)" report to their offering.
The global bio-lubricants market was valued at USD 2.01 billion in 2016 and is expected to reach USD 2.64 billion by 2021 showing a compound annual growth rate of 5.6%. The United States dominates the market due to public awareness on environmental protection, highest GDP, purchasing power parity and availability of optimum resources.
Bio lubricants are prepared from natural fats and vegetable oils such as coconut, sunflower, soybean, palm, etc. Their specific properties such as high lubricity, high viscosity, and non-toxic nature allowed them to be used as lubricants. Also called bio-lubes, these are best used in the industries where machines directly eject oil into the environment leading to various health and environmental problems.
The bio lubricants industry is in budding phase and is expected to grow at a very rapid pace in the near future. As bio-lubricants are a substitute for petroleum based lubricants, they are cleaner, less toxic and are associated with fewer environmental problems. Due to their high boiling temperature and consistent viscosity, they produce fewer emissions and are biodegradable.
Companies Mentioned Include:
- Aarhuskarlshamn AB
- Albemarle Corp.
- Benjn R. Vickers & Sons Ltd.
- Biosynthetic Technologies
- Carl Bechem GmbH
- Chevron Corp.
- Clarion Lubricants
- Desilube Technology, Inc.
- Dsi Ventures, Inc.
- Emery Oleochemicals Group
2. Executive Summary
3. Bio-based Lubricants Market
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis (Market size, growth and forecast)
7. Competitive Landscape
8. Company Profiles (Overview, Financials, Products and Services, and Recent Developments)
For more information about this report visit http://www.researchandmarkets.com/research/m66kzv/global