BIOLUBRICANTS MARKET ANALYSIS

Regional Analysis

• Among region, North America is expected to witness high growth in the global biolubricants market over the forecast period owing to increasing number of government initiatives. For instance, the U.S. government’s Air Force and Department of Defense are focused on testing bio-based motor oils for future applications. For instance, according to the an article published by the Defense Logistics Agency (DLA), in April 2016, the U.S. Air Force Research Laboratory tested and validated a bio-based synthetic oil to be used in government vehicles at four Air Force bases and Department of Homeland Security Installation. This bio-based oil is a blend of 25 to 40% agricultural products such as canola oil, soybean oil, and oils from animal fat and synthetic oil.
• Moreover, according to the article, ‘NASA Helps Test New Engine Oils’ published by National Aeronautics and Space Administration (NASA) in April 2018, NASA carried out performance testing and validated three new bio-based engine oils. Five vehicles at NASA’s Armstrong Flight Research Center in California, U.S. are using these new engine lubricants.
• Increasing initiatives towards use of sustainable lubricant products is expected to drive the biolubricants market growth over the forecast period.

Market Taxonomy:

On the basis of oil source, the global biolubricants market is segmented into:

• Plant-Based
• Animal-Based

On the basis of product type, the global biolubricants market is segmented into:

• Hydraulic Fluid
• Metalworking Fluid
• Gear Lubricants
• Greases
• Engine Oil
• Others (Mold Release Agents, Chainsaw Oils etc.)

On the basis of end-use industry, the global biolubricants market is segmented into:

• Industrial
• Automotive
• Construction
• Marine
• Others (Agricultural, Forestry etc.)

On the basis of region, the global biolubricants market is segmented into:

• North America
  • U.S.
  • Canada
  • Mexico
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Europe
  • U.K.
  • Germany
  • Italy
  • France
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ASEAN
  • Australia
  • Rest of Asia Pacific
• Middle East & Africa
  • Middle East
  • Africa