A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global
Bio
Based Lubricants
market. The study,
titled “Bio
Based Lubricants Market - Global Industry Analysis, Size, Share,
Trends, Analysis, Growth and Forecast- 2020”,
is available for sale on the firm’s website.
In
the last two decades, concern and awareness on the use of products
derived from petroleum and their adverse impact on the environment
have created an opportunity to produce environmental friendly
lubricants. The advantages of environmentally acceptable products
include minimal health and safety risks and less pollution.
Lubricants affect the environment at all stages of production, use,
and disposal and should be non-toxic to humans through contact and
inhalation during production and use.
Get
PDF Brochure for more Professional and Technical insights :
Accidental
losses that arise during spill can cause ecological disaster to
environmentally sensitive areas such as forestry, waterways,
construction, harbors, agriculture and mining. Thus, for these
reasons and in response to public awareness, norms that stipulate the
use of environment friendly lubricating fluids are desirable. Hence,
it has created an opportunity to produce environmentally acceptable
lubricants that are produced from natural esters such as vegetable
oils.
Current
interest in bio based lubricants produced from renewable resources
such as vegetable oils is due to their high biodegradability, low
toxicity, and environment friendly nature. The natural abundance and
high lubricity of vegetable oils, especially monoesters, are making
pathways into various lubrication productions such as hydraulic
fluids, fuels, engine oils, petroleum fuel additives and metalworking
fluids. Demand for vegetable oils is increasing every year. For
example, in the year 1980, annual production of vegetable oil across
the globe was 55 million metric tons (MMT) and it increased to 100
MMT by 2000. It is projected that by 2020 it will reach 200 MMT.
The
bio based lubricant market today mainly comes from vegetable oil and
oilseeds. Most of the bio lubricants are made from esters. Firstly,
there are natural esters which are triglycerides of vegetable oils.
Then oleo chemical esters of fatty acids such as polyol esters,
diesters, and complex esters are there. These types of lubricating
materials are produced from numerous cultures, typically rapeseed or
sunflower, but can also be manufactured from exotic oils. Fatty acids
can also come from coconut oil and palm oil, depending on usage.
These oils have different properties compared to those which are
commonly used, majorly in terms of oxidation stability.
Bio
based lubricants are majorly used for lubricating chain saws. During
its usage the oil is subjected to centrifugal force and is spread
over the entire floor. These types of lubricants also act as
hydraulic fluids to optimize the operation of equipments such as
tractors, harvesters, cranes or load carriers in forests. They are
also used in greases, especially for lubricating components which
cannot be continuously covered with oil. Bio based lubricants are
also used for lubricating engines. Indeed, motor oils using plant
based oils have been developed to better deal with high thermal
stresses.
Browse
Market Research Report with ToC & Analysis :
Legislations
encouraging the usage of bio-lubricants and growth in the end user
industries such as transportation are some of the major drivers of
bio based lubricants market. However, volatility in mineral oil
prices and high production cost can hamper the growth of bio based
lubricant market. Ample amount of opportunities are there for bio
based lubricant market as rapid industrialization is taking place in
emerging economies.
Some
of the key players in the bio based lubricants market are Renewable
Lubricants Inc, Soyatech, LLC, United Bio Lube and Revolution
Bio-based Lubricants, LLC among others.
This
research report analyzes this market on the basis of its market
segments, major geographies, and current market trends.
Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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Market Research
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