Learn about the global biolubricants market through The Business Research Company, which provides information on biolubricants market size, biolubricants market drivers and restraints, biolubricants market players, the COVID-19 impact on the biolubricants market, and more.

The global biolubricants market size is expected to grow from $2.52 billion in 2021 to $2.72 billion in 2022 at a compound annual growth rate (CAGR) of 7.8%. The global bio-based lubricants market size is expected to grow to $3.31 billion in 2026 at a CAGR of 5%.

Increasing environmental awareness is expected to propel the growth of the bio lubricants market going forward.

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The biolubricants market consists of sales of biolubricants by entities (organizations, sole traders, and partnerships) that are used as an alternative lubricant for industrial and maintenance applications because of their superior inherent qualities. These are functional fluids made from vegetable oils and downstream esters. They are produced by using raw materials including rapeseed oil, sunflower oil, palm oil, coconut oil, and animal fats and offer several advantages over conventionally used petroleum-based products. They are non-toxic, renewable, carbon-neutral, and environmentally friendly. They are also known as bio-lubes.

Global Biolubricants Market Segments Include:

By Base Oil: Vegetable Oil, Animal Fat, Others

By Application: Hydraulic Oil, Metalworking Fluids, Chainsaw Oil, Mold Release Agents, Two-Cycle Engine Oils, Gear Oils, Greases, Others

By End-User: Industrial, Commercial Transport, Consumer Automobile, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the biolubricants market in 2021.

Product developments are a key trend gaining popularity in the biolubricants market. Major companies operating in the bio-lubricant market are focused on developing new products to strengthen their position.

TBRC’s Biolubricants Market Report Covers:

Major Market Players: Binol Biolubricants, British Petroleum, Cargill Corporation, Chevron Corporation, Royal Dutch Shell Plc, ExxonMobil, Kluber Lubrication, Statoil Lubricants, Total SA, Castrol, HollyFrontier Corporation Millers Oils Ltd, Petronas Lubricant, Renewable Lubricants, and Solution Biogen Sdn Bhd.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Biolubricants Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides biolubricants market overviews, analyzes and forecasts market size, share, biolubricants market players, biolubricants market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s biolubricants market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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