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Global Bio-Based Lubricants Market Forecast to 2030 - COVID-19 Impact and Analysis by Raw Material (Vegetable Oil and Animal Fat); Application (Hydraulic Oil, Metal Working Fluids, Gear Oils, Greases, Transformer Oil, Chainsaw Oil, and Others); End User (Industrial, Commercial Transport, and Consumer Automobile); and Geography

  • Industry : Chemical & Materials
  • No. of Pages : 200
  • Report Code : YVCM10258

Global Bio-Based Lubricants Market Introduction

Bio-based lubricants or bio-lubes are biodegradable and nontoxic lubricants used for the lubrication of mechanical components. These lubricants are produced by using raw materials such as sunflower oil, coconut oil, palm oil, rapeseed oil, and animal fats. Bio-based lubricants offer several advantages over conventional lubricants such as carbon neutral, renewable, non-toxicity, and environment-friendly.

Various environmental issues associated with conventional lubricants are fueling the demand for bio-based lubricants which is anticipated to drive the growth of the bio-based lubricants market. In addition, the favorable regulatory framework for the adoption of the bio-based product is also expected to fuel the market growth. Furthermore, the increasing depletion of crude oil resources is also anticipated to foster the growth of the bio-based lubricants market. However, the high cost of production of bio-based lubricants is expected to hamper the market growth. Moreover, increasing acceptance of bio-lubricants in industries along with the increasing supply of high performance, cost-competitive bio-based oils further propelling the market growth.

Global Bio-Based Lubricants Market Overview

The global bio-based lubricants market provides an in-depth analysis of segments and sub-segments, region, and country analysis of the overall growth prospects in the market. The report offers a complete overview of the industry, including both qualitative and quantitative information. The bio-based lubricants market report covers a complete analysis and provides market size and forecast estimation from the year 2017 to 2030 based on various segments and sub-segments with respect to four major regions, including North America, Europe, Asia-Pacific (APAC), Latin America & Middle East and Africa (LAMEA). The research report highlights underlying factors such as the drivers, restraints, opportunities, and trends of the global bio-based lubricants market over the long as well as short period of time. Furthermore, the global bio-based lubricants market report offers PEST analysis, NOISE analysis, improvement Venn diagram, brand recall, perceptual mapping, ecosystem/value chain analysis, Porter’s five forces analysis, and investment pocket analysis with respect to the market. By examining the data collected from primary and secondary methods, the report offers actionable insights into future growth based on inputs from industry experts to help readers formulate effective strategies. This information can help stakeholders to make appropriate decisions before investing.

Global Bio-Based Lubricants Market Insights

The market study offers a complete overview of leading companies and their successful marketing strategies and market contribution, such as business overview, financial information, SWOT analysis, and key strategies, such as recent developments, market expansion, partnership, merger & acquisitions, product launch, product update, and other contexts. Players operating in the global bio-based lubricants market mainly focus on the adoption of various strategies to expand their footprint across the world and take the initiative for the development of innovative, efficient, and advanced products.

Market Mapping

Market mapping or perceptual mapping is the graphical representation of where a brand, product, or service stands among competitors. Market mapping analysis helps to understand the client how their customers perceive their product offering with their competitors for the bio-based lubricants market. By identifying their current products and competitor products on the market map, the business can fill an identified gap to compete with the competition actively.

COVID-19 Impact on Global Bio-Based Lubricants Market

The COVID-19 pandemic has largely impacted globally since December 2019. According to the World Health Organization (WHO) report, the US, India, Russia, Brazil, Italy, France, Argentina, Spain, Colombia, the UK, Germany, and Mexico are some of the worst affected countries due to the COVID-19. The pandemic is hampering the growth of economies worldwide, and it is likely to continue in 2021. The outbreak disrupts various industries, such as manufacturing, construction, automotive, textiles, chemicals, cosmetics, tourism, hospitality, consumer goods, transportation, IT and telecom, pharmaceutical, and among others. This results in several obstacles in the supply chain of raw materials required for packaging, resulting in demand-supply gaps. This scenario is expected to have a large impact on the global bio-based lubricants market.

With Corona Virus Disease 2019 (COVID-19) pandemic, the world is fighting against Covid-19 pandemic and also economic pandemic, almost impacting trillions of dollars of revenues. Our company brings a high-level insight as well as very deep insights relevant to several promising markets. The study will cover:

·        Rapid shifts in top 100 companies across each sector

·        Growth and decline in each sector due to the COVID-19 pandemic

Global Bio-Based Lubricants Market Segmentation

Global Bio-Based Lubricants Market – by Raw Material

·        Vegetable Oils

·        Animal Fat

Global Bio-Based Lubricants Market – by Application

·        Hydraulic Oil

·        Metal Working Fluids

·        Gear Oils

·        Greases

·        Transformer Oil

·        Chainsaw Oil

·        Others

Global Bio-Based Lubricants Market – by End User

·        Industrial

·        Commercial Transport

·        Consumer Automobile

Global Bio-Based Lubricants Market – by Region

·        North America

o   US

o   Canada

o   Mexico

·        Europe

o   Germany

o   France

o   Italy

o   UK

o   Russia

o   Spain

o   Netherlands

o   Rest of Europe

·        Asia-Pacific (APAC)

o   China

o   India

o   South Korea

o   Japan

o   Australia

o   Singapore

o   Rest of APAC

·        LAMEA

o   Latin America

o   Middle East

o   Africa

Key Players

1.      Biona Jersín S.R.O.

2.      BP Plc

3.      Carl Bechem GmbH

4.      Castrol Limited

5.      ExxonMobil Corporation

6.      FUCHS Group

7.      Green Earth Technologies Inc. 

8.      Igol Lubricants

9.      Kluber Lubrication

10.   Novvi LLC 

11.   Panolin AG

12.   Renewable Lubricants

13.   Repsol S.A.

14.   Royal Dutch Shell Plc

15.   Total S.A

Brand Recall

Brand awareness is the methodology by which customers are able to recall or recognize a brand (unaided/aided) under several different conditions with respect to the market. These strategies will help the company make people more aware of your brand, especially by targeting relevant, high-quality audiences for the bio-based lubricants market.

Key Questions Answered

·        Which region provides more business opportunities for the global bio-based lubricants market in the upcoming years?

·        Who is the leading overall bio-based lubricants market, and what strategies have been adopted by them?

·        Which segment accounted for the largest bio-based lubricants market share?

·        What are the upcoming trends in the global bio-based lubricants market? What impact would these trends make in the coming years for the bio-based lubricants market?

·        Which player offering the best product range for the global bio-based lubricants market?

Key Benefits for Stakeholders

·        This study presents the analytical description of the bio-based lubricants market analysis along with the current trends and future estimations to describe coming up investment pockets

·        The complete bio-based lubricants market opportunity is resolute by knowing profitable trends to gain a stronger foothold

·        The report describes insights associated with key drivers, restraints, opportunities, and trends of the global bio-based lubricants market with thorough impact analysis

·        The global bio-based lubricants market is quantitatively analyzed from 2017 to 2030 to focus on the monetary ability

·        PEST analysis defines the potency of the consumers and suppliers in the global bio-based lubricants market

·        Porter’s five forces analysis examines the five forces that make a competitive company while identifying its strength and weakness. The analysis will also identify competition, new entrants in the market, supplier power, buyer power, and threat of substitute products and services in the global bio-based lubricants market

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