Bio-Lubricants Market Key Player profile, Regional Outlook, Size, Share, Growth, Trends, Demand, and Industry Analysis by 2025

Market Research Future Published a Half-Cooked Research Report on “Global Bio-Lubricants Market Research Report - Forecast to 2025”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2025

The Global Bio-Lubricants Market is expected to exhibit a solid 7.1% CAGR over the forecast period from 2018 to 2025, according to the latest research report from Market Research Future (MRFR). The Global Biolubricants Market is mainly driven by the growing demand for environmentally viable lubricants from the heavy industries, commercial vehicles, and automotive industries. Growing government support for Biolubricants is likely to be a major driver for the Global Biolubricants Market. The quantitative impact of various drivers and restraints on the Global Biolubricants Market is studied in the report in order to provide a clear overview of the market’s growth trajectory over the forecast period. Leading factors affecting the Biolubricants Market are profiled in the report to provide readers a clear view of the major drivers and restraints affecting the market. A detailed economic analysis of the Biolubricants Market is provided in the report in order to provide readers with a comprehensive overview of the market and its likely growth trajectory in the coming years.

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Biolubricants are lubricants derived from natural plant or animal fats, as opposed to conventional lubricants, which are derived from petroleum byproducts. The growing demand for environmental viability in industrial operations has been the major driver for the Biolubricants Market. The growing support to environmental movements all over the world has resulted in a growing demand from the Biolubricants Market, with several governments also supporting the growth of the industry in order to gain more credibility in environmental matters. As opposed to conventional lubricants, biolubricants are biodegradable, as they are derived from natural sources. This makes them highly environmentally viable and lucrative. Biolubricants also work at lower concentrations than petroleum lubricants, meaning less lubricant is required in industrial operations. This is also a major driver for the Biolubricants Market.

On the other hand, the higher prices of Biolubricants in comparison to traditional lubricants are the major restraint against the Global Biolubricants Market. As a result of the high prices of biolubricants, the market is mainly concentrated in North America and Europe, where end users can pay the higher prices to acquire Biolubricants.

The Global Biolubricants Market is expected to reach a valuation of USD 3.98 billion by the end of 2025.

Competitive Analysis:

Leading players in the Biolubricants Market include IGOL, BECHEM, RSC Bio Solutions, Binol Biolubricants, Emery Oleochemicals, Panolin AG, Fuchs, BP plc, Total, and Exxon Mobil Corporation. Leading players are likely to focus on capacity expansion in the coming years, as the growing demand for environmentally sound lubricants has driven the Biolubricants Market.

Segmentation:

The Global Biolubricants Market has been segmented based on Type, Application, End-Use Industry and Region.

Based on Type, the Global Biolubricants Market has been bifurcated into vegetable oils and animal fats.

Based on Application, the Global Biolubricants Market has been classified as hydraulic fluids, mold release agents, chainsaw oils, greases, automotive engine oils, and others.

By End-Use Industry, the Global Biolubricants Market has been segmented into automotive, construction, transportation, and others.

Regional Analysis:

North America is the leading revenue generator in the Global Biolubricants Market and is likely to exhibit the highest growth rate over the forecast period, thus retaining its dominance over the market. North America has been the technological hotbed for the biolubricants market, as numerous key discoveries and inventions in the field were made in North America. The strong presence of lubricant manufacturers such as Exxon Mobil has led to a growing presence of the Biolubricants Market in North America. The growing demand for biodegradable lubricants in the automotive, transportation, and industrial sectors is likely to be a major driver for the biolubricants market. 

Biodegradable lubricants have also been incentivized by government bodies, leading to more widespread adoption of Biolubricants. This is likely to remain a major driver for the biolubricants market in North America.

Europe is also a major regional market for Biolubricants and is likely to remain a key revenue generator over the forecast period, followed by Asia Pacific.

Asia Pacific is also likely to emerge as a leading producer of biolubricants in the coming years due to the growing production of palm and other plant fat sources in the region. In August 2019, the Thai government announced plans to aid the adoption of locally produced Biolubricants in the industrial sector. Thailand is one of the leading producers of palm oil and has a significant palm oil surplus to deal with. This solution thus provides an excellent solution, utilizing the palm oil as well as enabling growth in the local industrial sector by self-reliant means.

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Bio-Lubricants Market Trends, Industry Analysis, Outlook and Global Forecasts 2022

Global Bio-Lubricants Market – Overview

With an increasing level of impetus placed on environmentally safe products, Bio Lubricants are being manufactured to address the problems associated with using other forms of lubricants. They are highly popular and are easily manufactured using vegetable oils such as soya bean, coconut, canola and rapeseed etc. Market Research Future, who specializes in reports related to chemicals and materials recently stated in a report titled Global Bio-lubricants Market Research Report- Forecast to 2022, that the Global Bio-Lubricants Market is forecasted to achieve USD 3.50 billion by 2022 with 7.2% CAGR from 2016 to 2022.

The Global Bio Lubricant Market is currently developing consistently. With the introduction of new and varied production process, the applications and industries are also increasing in numbers to adapt the product. The growth is also indicative of a phase of clarity in the sector which is contributing to the better performance of the demand base. The evolution of production technologies and methods are also creating a positive impact level on the segment. In terms of safety of water resources, bio lubricants pose the least level of risk as they do not pollute the water sources and are being effectively utilized by the marine industry. Quarries, construction sites which utilize construction equipment’s also have effectively used Bio Lubricants that are easily cleaned in case of oil spillage. Bio Lubricants also are highly demanded in other ancillary sectors where there is a requirement of bio lubricants.

Bio Lubricants are one of the most important factors of the bio economy that has emerged around the world. 

Growing environmental concerns over the use of environment polluting materials have driven the market towards adopting Bio Lubricants instead of the normal variety available. This trend is most notable in developed economies worldwide. Due to the biodegradability characteristics of this class of lubricants, they have emerged as popular option. Increasing investment in terms of R & D expenses have increased demand for this product. Moreover, the expansion of the automotive sector around the world has also provided a positive boost to the market.

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The Bio Lubricant sector is undoubtedly seeing a good pace of development but factors like high levels of dependence on vegetable and animal oils which are naturally occurring can lead to restriction of the supply levels that can be achieved. As application of bio lubricants is currently restricted to certain sectors, the adoption rates are still not at optimal levels, these factors along with cost constraints and limited level of technology developments can slow down growth of the sector.

Global Bio-Lubricants Market - Competitive Advantage

With the entry of new industry players in the Bio Lubricant Market, a trend of solid, volume-driven growth has been observed in the market with the addition of new and advanced product types in the segment. Companies are aiming to capture & solidify their share of the market segment, by competing and experimenting with various advantage points. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies.

Key players profiled in Bio-Lubricants segment are Total S.A, Exxon Mobil, Royal Dutch Shell PLC, Chevron Corporation, Kluber Lubrication München Se & Co. Some of the other important industry players profiled are Albemarle Corporation, Emery Oleochemicals, Panolin AG, Binol Bio Lubricants, Castrol and others.

Global Bio-Lubricants Market - Segments

The Global Bio Lubricant Market has been divided into the following categories for the purposes of the report:

By Types: Animal Oil, Edible and Non-Edible Oil.

By Application: Automotive, Engine Oils, Greases, Process Oils, Chainsaw Oils, Metal Working and Fluids.

By Region: North America, Europe, Asia Pacific and ROW.

By End Users: Automotive Industry, Construction, Commercial Transport and Others.

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Global Bio-Lubricants Market - Regional Analysis

Geographically, North America dominates the market due to stringent regulation of government for the use of conventional lubricants especially in marine, agriculture and others. These regulations of government will push the use of Bio-Lubricants in agriculture, marine and other industries. Emerging economies like India, China and South Korea contribute the most in the bio-lubricant market due to growing automotive and construction sector. Developed regions contribute maximum as compared to regions which are still developing. Therefore, APAC regions share less in the growth of the global bio-lubricant market. At the same time, manufacturers are looking for cost effective, low production method for bio-lubricants. Therefore, investors have a good opportunity for a profitable business in the forecasted period.      

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Bio-Lubricants Market 2019 | Global Industry Share, Segments & Key Drivers, 2022

Bio-lubricants Market – Market Overview 

Bio-Lubricants, also called as bio-lubes, are produced from rapeseed oil, sunflower oil, animal fats, and others. They are gaining importance due to their bio-degradable, non-toxic, renewable, and environment-friendly nature. The demand for bio-Lubricants is increasing due to the stringent regulations on the use of conventional petroleum-based lubricants. The growth of Bio-Lubricants can be attributed to the hazardous environment effects of petroleum-based lubricants. Some of the stringent regulations on use of petroleum-based products by the US EPA and the EU is a major driver of the Bio-Lubricants Market. The major applications of bio-lubricants include greases, automotive engine oil, chainsaw oil, and others. High demand for fuel efficient automotive all across the globe is one of the major drivers of the market and is likely to remain so for the future. Apart from the automotive industry, the substitution of mineral oils by plant-based oils, which are used as vegetable oils in food & beverage and healthcare industry is expected to propel the market growth over the forecast period. However, the high cost of the Bio-Lubricants may have a negative impact on the market growth. 

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Bio-lubricants Market- Competitive Landscape 

The Global Bio-Lubricants Market is witnessing rapid growth primarily driven by growing demand from automotive industry. Total S.A., Exxon Mobil Corporation, Royal Dutch Shell Plc., Chevron Corporation, Albermarle Corporation, Emery Oleochemicals, Castrol Limited, and Quaker Chemical Corp. are the leading players in Global Bio-Lubricants Market. Some of the key developments observed in the market are adoption of the acquisition, merger, and expansion by players to strengthen their market position and meet the growing demand. Growing demand from automotive industry coupled with the continuous collaborations and agreements between manufacturers, distributers, and marketing firms are key factors for the growth of Bio-Lubricants in the global market. Considering these trends, the Global Bio-Lubricants Market is set to witness considerable competition over the forecast period of 2017-2023. 

Industry/ Innovation/ Related News:

April 29, 2018- Exxon Mobil Corporation plans to purchase PT Federal Karyatama (FKT), one of the largest producers and marketers of motorcycle lubricants located in Indonesia. This acquisition is a strategic movement for expansion of business in the fastest emerging region of Asia Pacific. The acquisition is expected to be completed by the third quarter of 2018. 

December 01, 2017- Exxon Mobil Corporation announced to combine its refining and marketing operations into a single company named ExxonMobil Fuels & Lubricants Company, in 2018. The company expects to achieve improved decision making and enhanced performance in the market. 

May 16, 2017- RSC Bio Solutions, one of the global players of environmentally acceptable lubricants and cleaners, launched RSC EnviroLogic Grease 2 WREP, which is formulated to meet the performance of conventional and biodegradable greases in applications where water resistance is integral to the performance of the equipment. The product offers exceptional water spray off performance, extreme pressure and anti-wear performance, and broad operating temperature range.

May 02, 2017- Emery Oleochemicals announced its exhibition and technical presentations at the STLE 72nd Annual Meeting held in Atlanta, Georgia on 21-25 May 2017. The company will showcase its portfolio of DEHYLUB standard and complex esters and EMEROX diacid corrosion inhibitors. The DEHYLUB products provide optimum balance of lubricity, stability and film strength to combat friction, whereas the EMEROX offers excellent ferrous rust control for water-based fluids. 

December 15, 2016- Chevron Products Company, invested in Novvi, a producer of bio-based lubricants. The company, Novvi LLC is a joint venture of Amyris, Inc., American Refining Group, Inc., Chevron USA. Inc., Cosan S.A. Industria e Comercio, and Hansen & Rosenthal Group. 

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Bio-Lubricants Market 2019 by Manufacturers, Types, Regions and Applications Research Report Forecast to 2022

Overview:

The Bio-Lubricants Market is gaining extra mileage as the crisis regarding fossil fuel is deepening. Produced from rapeseed oil, sunflower oil, animal fats, and others, the product is highly biodegradable, non-toxic, and renewable. Conventional lubricants sourced from petroleum is hazardous and can cause severe damage to the environment owing to which a lot of countries and automotive manufacturers are opting for bio-friendly products. In Europe, the demand is notably higher owing to the regulations set by the governing bodies there. The Global Bio-Lubricants Market can expect traction of 7.2% CAGR during the forecast period (2016-2022) with which it can mount an impressive valuation of USD 3.5 billion, reveals Market Research Future (MRFR). The detailed report encompasses segmental analysis and drivers that can impact the market significantly in the foreseeable future.

Among the factors to influence the market, its growing demand from the automotive sector as grease and engine oil can boost the Bio-Lubricants Market significantly. Various industries are also finding it useful in keeping various tools such as chainsaw in working condition. Its ability to reduce friction and remove dust particles from the tools is just like the conventional lubricant. But its usage is becoming prominent owing to its bio-friendly nature. Other features of it to impact the industries across verticals are better ignition temperature, satisfactory anti-wear characteristic, augmented equipment service life, load-carrying abilities, high viscosity index, natural multi-grade properties, ability to lessen evaporation rates. Plant-based oils are getting calls from the food & beverage and healthcare sector which is expanding the product proliferation and increasing market prospect. Various industries are also finding it useful in keeping various tools such as chainsaw in working condition.

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However, the price of bio-lubricants is relatively higher than their counterpart of petroleum-based ones. This can pull back the expected growth rate of the Bio-Lubricants Market for the review period considerably. But its growing popularity can provide a way out for the market from plummets in the coming days.

Segmentation:

The Global Bio-Lubricants Market can be segmented by Types, Application and End-Users.

Based on the Type, the Bio-Lubricants Market can be segmented into animal oil, edible, and non-edible oil — ongoing researches to assist the growth of animal oils in the coming years.

Application-Wise, the Bio-Lubricants Market can be segmented into automotive, engine oils, greases, process oils, chainsaw oils, metalworking, and fluids. The increasing volume of commercial transport can boost the engine oils market substantially.

Based on End-Users, the Bio-Lubricants Market comprises automotive industry, construction, commercial transport, and others.

Regional Analysis:

Geographically, the Global Bio-Lubricants Market can be segmented into North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).

North America’s market is quite secured as stringent government policies in the region has ensured the market proliferation of Bio-Lubricants. It can be accredited to the growing demand for bio-friendly products and efforts to curb carbon emission. Agriculture, marine, and other industries are expected to have benefits of great magnitude.

The APAC market can have significant growth due to emerging economies such as India, China, and South Korea. Significant growth can be witnessed in the automotive and construction sector which is squarely impacting the regional growth of the Bio-Lubricants Market. The ongoing research for a cost-effective Bio-Lubricant product is also proving effective for the regional market growth. Investors are finding the opportunities well-suited and hence, are ready to come up with better investment plans.

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Competitive Analysis:

Prominent players profiled in the Bio-Lubricants Market are Total S.A, Exxon Mobil, Royal Dutch Shell PLC, Chevron Corporation, Kluber Lubrication München Se & Co, Albemarle Corporation, Emery Oleochemicals, Panolin AG, Binol Bio Lubricants, Castrol and others.

In November 2018, the Oilseed Innovation Partners (OIP) group declared their intention of setting up a bio-lubricants facility in Canada where the products will be sourced from Canadian raw materials only. The American manufacturer of vegetable-oil-based lubricants, Renewable Lubricants Inc. (RLI), under OIP, have taken measures accordingly and set up a factory in Ontario.

In March 2018, Emery Oleochemicals declared a bunch of Bio-Lubricants, such as DEHYLUB, TERRADRIL, EMEROX, and EMERY, is about to adorn their portfolio. These products can offer high-performance and curb the carbon footprint in a better way.   

                                                                               

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Bio-Lubricants Market 2018 Segmentation by Product Types and Application with Forecast to 2022

Latest Industry Updates:

Nov 2017: Thermal-Lube has expanded its foothold in Asia’s expanding heavy industrial marketplace.  Thermal-Lube has also been credited with engineering bio-lubricants that do not freeze during winter and will be delving into precision agriculture for its application.

Oct 2017: Kuala Lumpur Kepong Bhd’s (KLK) subsidiary KLK Oleo has launched its fourth Reactor Specialty Ester Plant (EP4) and a research and development (R&D) centre in Klang, Selangor. KLK Oleo’s EP4 which was commissioned this year, produces ingredients that are used in cosmetics and bio-lubricants.

Jan 2017: Novvi LLC which is a joint venture company of Amyris, Inc. and Cosan S.A. Industria e Comercio and creates high-performance oils and lubricants from renewable sources has received a sizeable equity investment from Chevron Products Company, a division of Chevron U.S.A. Inc.

Global Bio-Lubricants Market - Competitive Advantage

With the entry of new industry players in the Bio Lubricant Market, a trend of solid, volume-driven growth has been observed in the market with the addition of new and advanced product types in the segment. Companies are aiming to capture & solidify their share of the market segment, by competing and experimenting with various advantage points. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies.

Key players profiled in Bio-Lubricants segment are Total S.A, Exxon Mobil, Royal Dutch Shell PLC, Chevron Corporation, Kluber Lubrication München Se & Co. Some of the other important industry players profiled are Albemarle Corporation, Emery Oleochemicals, Panolin AG, Binol Bio Lubricants, Castrol and others.

Global Bio-Lubricants Market – Overview

With an increasing level of impetus placed on environmentally safe products, Bio Lubricants are being manufactured to address the problems associated with using other forms of lubricants. They are highly popular and are easily manufactured by the use of vegetable oils such as soya bean, coconut, canola and rapeseed etc. Market Research Future, who specializes in reports related to chemicals and materials recently stated in a report titled Global Bio-lubricants Market Research Report- Forecast to 2022, that the Global Bio-Lubricants Market is forecasted to achieve USD 3.50 billion by 2022 with 7.2% CAGR from 2016 to 2022.

The Global Bio Lubricant Market is currently developing consistently. With the introduction of new and varied production process, the applications and industries are also increasing in numbers to adapt the product. The growth is also indicative of a phase of clarity in the sector which is contributing to the better performance of the demand base. The evolution of production technologies and methods are also creating a positive impact level on the segment. In terms of safety of water resources, bio lubricants pose the least level of risk as they do not pollute the water sources and are being effectively utilized by the marine industry. Quarries, construction sites which utilize construction equipment’s also have effectively used Bio Lubricants that are easily cleaned in case of oil spillage. Bio Lubricants also are highly demanded in other ancillary sectors where there is a requirement of Bio Lubricants.

Bio lubricants are one of the most important factors of the bio economy that has emerged around the world. Growing environmental concerns over the use of environment polluting materials have driven the market towards adopting Bio Lubricants instead of the normal variety available. This trend is most notable in developed economies worldwide. Due to the bio degradability characteristics of this particular class of lubricants, they have emerged as popular option. Increasing investment in terms of    R & D expenses have increased demand for this product. Moreover, the expansion of the automotive sector around the world has also provided a positive boost to the market.

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Bio-Lubricants Market | Revenue, Key Players, Supply-Demand, Investment Feasibility and Forecast 2022

Market Research Future (MRFR) has recently published a report forecasting the Global Bio-Lubricants Market to reach higher verticals with a CAGR of 7.2% during the years 2016 to 2022 (forecast period). Lubricants are used for the lubrication of machineries and mechanical components. The extensive usage of conventional mineral oils and petroleum based lubricants is causing adverse effects on the environment leading to the exigency of Bio-Lubricants to replace these hazardous products. 

The augmentation of industrialization on the global scale is driving the increased demand of environmentally safe lubricants in the market. The introduction of advanced production process and alignment with the evolving technology is exhibiting a positive impact over the global bio-lubricant market. Bio-Lubricants or bio-lubes are plant based oils which are generally produced using raw materials such as rapeseed oil, palm oil, sunflower oil, coconut oil, animal fats, etc. Owing to their non-toxicity, biodegradability, high flash point, and high stability, Bio-Lubricants are considered to be a relatively safer option over the conventional petroleum based lubricants. The consistently growing environmental concerns regarding the use of hazardous petroleum-based lubricants is increasing the demand of ecofriendly solutions. 

The environmental issues linked with the usage of these petroleum product and the geopolitical strategies involving the crude oil manipulation are acting as primary driving forces for the Global Bio-Lubricants Market. Bio-Lubricants are being extensively used in construction industry, automotive industry and many other industries as the demand for eco-friendly products to avoid the damage caused to the environment is sky-rocketing day by day. On the flip side, the price of Bio-Lubricants, which is relatively higher than the conventional petroleum based lubricants, is acting as one of the major restrains on the growth of Global Bio-Lubricants Market. But due to the stringent environmental regulations and growing demand of environmental friendly solutions, the companies in the market are aiming towards availing alternative, cost effective and efficient products leading to the escalation of Global Bio-Lubricant Market.   

Global Bio-lubricants Market Segmentation: 

The Global Bio-Lubricants Market has been segmented on the basis of type, application, end-user and region. On the basis of type, the market is segmented into animal oil, edible and non-edible oil. By application, the market is segmented into engine oils, greases, automotive, process oils, chainsaw oils, metal working and fluids. On the basis of end-users, it is segmented into automotive industry, construction, commercial transport and others. On the basis of region, the Global Bio-Lubricant Market is segmented into North America, Europe, Asia Pacific and the rest of the world. 

Competitive Analysis: 

With the inclusion of advanced and efficient products and the entry of new players in the market, a trend of extensive growth has been observed in the Global Bio-Lubricants Market. The key players in the Global Bio-Lubricants Market are Royal Dutch Shell PLC, Total S.A, Chevron Corporation, Exxon Mobil, Kluber Lubrication München Se & Co., Albemarle Corporation, Emery Oleochemicals, Panolin AG, Binol Bio Lubricants, Castrol and others.  

Regional Analysis:

The consumption of Bio-Lubricants is strongly tilted towards the developed region of the world. The stringent environmental regulations in North America and Europe is acting as a major driving factor for the Global Bio-Lubricants Market in this region as it is pushing the use of bio-lubricants in marine, agriculture and other industries. Currently, the Global Bio-Lubricant Market is being dominated by North America which is then followed by Europe. Although, the consumption of Bio-Lubricants is comparatively less in the APAC region the emerging economies like China, India and South Korea are contributing heavily to the Global Bio-Lubricant Market due to the growing automotive and construction sector in these regions. 

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