Bio-lubricants industry is highly segmented into application and end-use. Application category comprises metalworking fluids, mold release agents, chainsaw oils and hydraulic fluids. End-use category comprises commercial transport, industrial and consumer automobile. Industrial is the largest end use segment due to the massive demand followed by significant R&D activities. However, international political scenarios and fluctuation in ban policies creates sustainable challenges. Segmentation by source for biolubricant market entails animal fats, edible & non-edible oils. By application, the bio-lubricant industry comprises greases, automobile, metalworking, grease and lubricant. End-user segmentation for bio-lubricants market comprises marine industry, automotive industry, oil & gas and construction.
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Geographical segmentation for biolubricants industry comprises North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. North America and Europe markets are likely to gain a significant market share owing to stringent regulations. High investments and product launches are likely to contribute to the bio-lubricant market developments. In addition, rising use of biolubricants for industries adds more to the contribution.
Asia-Pacific and MEA regions are most likely to deal in a high supply-high demand scenario. Consumer preference for biodegradable oil for industrial end-use is one of the major factor for regional growth. The key players profiled in the biolubricant industry are Total, Shell, Binol Lubricants, ExxonMobil, Kluber Lubrication, Chevron Corporation, BP Plc, Fuchs Petrolub SE, Balmer Lubricants, Altranex Corporation, Balmer Lawrie, Emery Oleochemicals, Panolin and Kluber Lubrication.
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