Global Biolubricants Strategic Business Report 2022-2023 & 2030: Biolubricants Gain Prominence in Construction Machinery as Expanding Machine Tools Sector Spurs Demand

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Oct 03, 2023, 14:00 ET

DUBLIN, Oct. 3, 2023 /PRNewswire/ -- The "Biolubricants - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Biolubricants Market to Reach $3.2 Billion by 2030

The global market for Biolubricants estimated at US$2 Billion in the year 2022, is projected to reach a revised size of US$3.2 Billion by 2030, growing at a CAGR of 5.8% over the analysis period 2022-2030.

This report offers a comprehensive analysis of the biolubricants market, spanning from 2022 to 2030, with a focus on annual revenue figures and compound annual growth rate (CAGR) calculations. It also delves into historical data covering the period from 2014 to 2021, shedding light on market evolution and growth trends. The analysis provides a 16-year perspective on the biolubricants market, presenting a percentage breakdown of value revenues across key regions in 2014, 2023, and 2030.

The study explores various applications within the biolubricants market, including vegetable oils, animal fats, other base oil types, hydraulic fluids, two-cycle engine oils, greases, gear oils, mold release agents, and more. Specifically, the report projects a robust 6.4% CAGR for the Vegetable Oils segment, which is expected to reach US$1.5 Billion by the end of the analysis period. Additionally, the Animal Fats segment is estimated to experience growth at a rate of 5.6% CAGR over the next eight years.

Furthermore, the market is segmented by end-use, encompassing industrial, consumer automobiles, and commercial transport sectors. The analysis provides detailed annual revenue insights and CAGR predictions for the years 2022 through 2030. This comprehensive assessment serves as a valuable resource for stakeholders seeking to grasp the present and future dynamics of the biolubricants market.

In terms of geographic analysis, the Biolubricants market in the U.S. is estimated at US$374.8 Million in 2022. Meanwhile, China, as the world's second-largest economy, is projected to achieve a market size of US$313.4 Million by 2030, with a notable CAGR of 8.2% during the 2022-2030 analysis period. Other significant geographic markets include Japan and Canada, both expected to grow at rates of 4.2% and 4.6%, respectively, throughout the 2022-2030 period. Within Europe, Germany is forecasted to experience an approximate 5.6% CAGR.

What`s New?

Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and trademarked research platform
Complimentary updates for one year
Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET OVERVIEW

Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
Percentage of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of August 2020
Weak Economic Environment Discourages Market Prospects
World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
Limited Market Opportunities amid Subdued Industrial Activity
Global PMI Index Points for the Years 2018, 2019 & 2020
Despite Moves to Reopen the Economy, Battered Business Confidence Plummets to New Depths: Business Confidence Index (BCI) Points
Biolubricants: A Cleaner and Sustainable Alternative to Petroleum-Based Lubricants
Biolubricants Score over Petroleum Based and Synthetic Lubricants
Environmental Fears Drive Biolubricants Demand
Key Features and Corresponding Benefits of Biolubricants
Properties of Biolubricants by Base Stock
Biodegradability of Select Base Fluids
Biodegradability - The USP of Biolubricants
Biolubricants - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Global Biolubricant Market Set for a Rapid Growth Post COVID-19
Industrial and Automotive - The two Major End-use Markets
Europe and the US Dominate, Asia-Pacific Offers Significant Growth Opportunities
Competition

MARKET TRENDS & DRIVERS

Growing Concerns over Rising Emissions to Encourage Demand for Biolubricants
World GHG Emissions (in %) by Gas Type: 2019
World GHG Emissions (in %) by Sector: 2019
Global Industrial CO2 Emissions (In Billion Metric Tons)
Excessive Dependence on Crude Oil Drives the Demand for Biolubricants
Average Annual OPEC Crude Oil Price (in $/barrel) for the Years 2010 through 2019
Increasing Focus on Biodegradable, Non-toxic, and Eco-Friendly Products: A Strong Growth Driver
Stringent Environmental Regulations Stimulate the Market
Increasing Environmental Awareness Propels Biodegradable Hydraulic Oils Demand
Projected Rise in Auto Sales & Vehicle Miles Boosts Market Demand
Average Age of Light Vehicles (Cars & Light Trucks) in the United States for the Years 2010 through 2017
Average Age of Cars, Vans and Truck and Buses in the European Union (EU-27) for the Years 2016 and 2018
Sales of New PCs in Select European Countries: 2012-2019
Sales of New PCs in Americas Region, including Canada, Mexico, and United States of America: 2012-2019
Sales of New PCs in ASIA/OCEANIA/MIDDLE EAST Region, Including Australia, China, India, Qatar, Saudi Arabia, Singapore, and South Korea: 2012-2019
Sales of Commercial Vehicles in Select European Countries: 2012-2019
Sales of Commercial Vehicles in Americas Region: 2012-2019
Sales of CVs in ASIA/OCEANIA/MIDDLE EAST Region: 2012-2019
Biolubricants to Replace Hydrocarbon based Oils in Passenger Cars
Excellent Lubricity: A Key Scoring Point in Engines Powered by ULSD Fuel
Increased Importance of Lubricants in Automotive Servicing Augurs Well for Market Growth
Surging Demand for Low Viscosity Fluids to Benefit Biolubricants
Rising Concerns over Oil Related Water Pollution Bodes Well for the Market
Increasing Demand for Biolubricants in the Marine Industry
Agriculture and Forest Machinery Benefits from Bio-Based Oils
Biolubricants Gain Prominence in Construction Machinery
Expanding Machine Tools Sector Spurs Demand Growth
Global Machine Tools Market (2019): Percentage Share Breakdown of Demand by End-Use Industries
Rising Focus on Wind Energy to Benefit Biolubricants

FOCUS ON SELECT PLAYERS (Total 84 Featured)

Albemarle Corporation
Chevron Corporation
BP PLC
AAK AB
Elevance Renewable Sciences, Inc.
Carl Bechem GmbH
Castrol Ltd.
Cortec Corporation
Condat Lubrifiants
Aegean Marine Petroleum Network, Inc.
Capgemini Engineering (Altran Technologies)
Balmer Lawrie & Co., Ltd.
BASF Performance Chemicals
BioBlend Renewable Resources, LLC
Clarion Lubricants

For more information about this report visit https://www.researchandmarkets.com/r/vzr2k7

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