Global Biolubricants Market Will Reach USD 2,377.5 Million in 2018: Transparency Market Research

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Albany NY (April 23, 2013) (CULRAV.ORG) -

According to a new market report published by Transparency Market Research “Biolubricants Market – Global Scenario, Trends, Industry Analysis, Size, Share & Forecast 2010 - 2018,” the global bio-based lubricants market was worth USD 1,713.2 million in 2011 and is expected to reach USD 2,377.5 million in 2017, growing at a CAGR of 4.9% from 2011 to 2017. In the overall global market, North America is expected to maintain its lead position in terms of revenue till 2018. North America is expected to enjoy 38.1% of the global bio-based lubricants market revenue share in 2018 followed by Europe.

Browse the full report at http://www.transparencymarketresearch.com/biolubricants-market.html 

The global biolubricants market is driven by strict legislations and regulations followed by different government bodies in different developed and developing countries. Higher pricing is one of the main restraints in the growth of the bio-based lubricants market. A bio-based lubricant is around 1.5 to 2 times costlier than mineral oil lubricant, which makes market penetration a critical issue for the industry. Lack of awareness among people related to the benefits of bio-based lubricants is also a major restraint for the growth of the bio-based lubricants market especially in developing regions.Transparency Market Research

The bio-based lubricants market by application in terms of revenue is dominated by automotive oils. The automotive oils market by revenue is expected to grow at a CAGR of 5.0% from 2013 to 2018. Following this, the market for hydraulic oils is also witnessing significant growth. In terms of volume, the automotive oils market is predicted to grow with a CAGR of 6.7% for the forecast period between 2013 and 2018.

North America is the market leader for bio-based lubricants, growing at a CAGR of 5.6% by revenue and a CAGR of 7.4% by volume, both from 2013 to 2018 followed by Europe. In Europe, Germany is the major market and is expected to keep Europe at second position in the bio-based lubricant market.

Key participants in the bio lubricants market include Royal Dutch Shell , Exxon Mobil, British Petroleum, Chevron, Castrol, Total, United Bio Lube, and Statoil Lubricants.

This research is specially designed to estimate and analyze the demand and performance of bio-based lubricants in a global scenario. The research provides in-depth analysis of bio-based lubricant manufacturers, product sales, product volumes and trend analysis by segments and demand by geography. The report covers all the major product segments of the bio-based lubricants market and provides detailed analysis, historical data and statistically refined forecast for the segments covered. The study presents a comprehensive assessment of the stakeholder strategies, winning imperatives for them by segmenting the bio-based lubricants market as below:

  • Global Bio-Based Lubricants market, by raw material
    • Vegetable Oil
      1. Palm Oil
      2. Castor Oil
      3. Sunflower Oil
    • Animal Oil
  • Global Bio-Based Lubricants market, by application
    • Automotive Oils
    • Hydraulic Oils
    • Process Oils
    • Demolding Oils
    • Lubricating Grease
    • Chainsaw Oils
    • Compressor Oils
    • Turbine Oils
    • Industrial Gear Oils
    • Metal Working Oils
  • Global Bio-Based Lubricants market, by end-use
    • Industrial Lubricants
    • Commercial Transportation Lubricants
    • Consumer Automotive Lubricants
  • Global Bio-Based Lubricants market, by geography
    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World (RoW)

Related Report : 

Butanes Market – Global Industry Size, Market Share, Trends, Analysis, And Forecasts 2010 – 2018

http://www.transparencymarketresearch.com/butane-market.html

This report segments, estimates and forecasts the global market for butanes along with its regional demand for North America, Europe, Asia Pacific, Middle East and North Africa (MENA) and others. The report provides in-depth analysis for each application segment along with market estimates and forecast from 2010 to 2018 in terms of volumes and revenues. This report measures the market from supply and demand side and covers value chain analysis and porter’s five forces analysis of butanes market. This report also analyzes the market attractiveness of various applications of butanes.

In order to provide our clients with the best competitive analysis, this report also covers the market share analysis along with the company profiles of leading companies operating in the butanes market, globally. Some of the companies profiled in this report Exxon Mobil, Royal Dutch Shell, Conoco Phillips, Chevron, Total, and British Petroleum among some others. The company profiles in the research report include company overview, financial overview, business strategies and recent developments for each of the companies mentioned above, which will help assess competition prevailing in the market.

We have used a combination of both primary and secondary research to estimate the market for each segment of the research study. Detailed secondary research was conducted for each application segment and region. The estimate and forecast analysis was further validated with C-level executives of major companies operating in the global butanes market through means of primary research.

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Transparency Market Research is a global 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. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.
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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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Nitin Sirsat
Transparency Market Research (TMR) is a market intelligence company providing global business research reports and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers. Author: Nitin @ Nitin

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