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SOURCE Research and Markets
DUBLIN, May 13, 2014 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/9ntd8x/biolubricants_a) has announced the addition of the "Biolubricants - A Global Market Overview" report to their offering.
Global plant-based lubricants industry, in particular, is as yet in a nascent stage, though emergent regulatory impacts on lubricants offer the potential for increasing the consumption of biolubricants over the coming decade. Regulatory actions from the United States government have already specified a minimum renewable content for a range of product categories, with the US Air Force also coming forward in supporting the use of plant-derived bio-based products as a fundamental and strategic approach to national security.
Chemical registration policies in the European Union, the United States and China would also play a crucial role in incentivizing greater adoption of biolubricants. Legislations related to emissions and the constantly increasing oil change intervals that reduce unit volumes could be viewed as challenges and restraints for the biolubricants market. While the historic price levels of refined vegetable oils have been considerably higher compared to traditional petroleum base stocks, the recent years have witnessed a narrowing down of this price differential. This trend augurs well for the future, when price increases in petroleum base oils would become a significant driver that would increase the cost competitiveness of vegetable-based base oils in the formulation of lubricants.
Worldwide market for Biolubricant product categories explored in this study includes Hydraulic Fluids, Metalworking Fluids, Chainsaw Lubricants, Mold Release Agents, Gear Oils, Two-Stroke Engine Oils and Greases. The report also focuses on end-use markets for biolubricants comprising Automotive & Transportation, Commercial/Industrial and Others. The global markets for the above mentioned product categories and end-use applications are analyzed in both value in USD and the volumes in pounds (lbs). Global volume consumption of Biolubricants, estimated at 1.3 million pounds in 2013, valued at about US$2 billion, and forecast at 1.4 million pounds (US$2.1 billion) in 2014, is further expected to maintain a CAGR of 5.5% between 2010 and 2020 to reach a projected 1.9 million pounds, of value US$3 billion, by 2020.
Key Topics Covered:
TABLE OF CONTENTS:
PART A: GLOBAL MARKET PERSPECTIVE
2. KEY GLOBAL PLAYERS
3. KEY BUSINESS TRENDS
4. GLOBAL MARKET OVERVIEW
PART B: REGIONAL MARKET PERSPECTIVE
REGIONAL MARKET OVERVIEW
1. NORTH AMERICA
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