The global biolubricants market should reach $2.4 billion by 2025 from $2.0 billion in 2020 at a compound annual growth rate (CAGR) of 3.8% for the forecast period of 2020 to 2025.
Report Scope:
In this report, the market has been segmented based on bio-based end-use category, base oil, product type and region. It offers an overview of the global market for biolubricants and analyzes global market trends, considering the base year of 2019 and estimates for 2020 and 2025. Revenue forecasts for 2025 are given for each bio-lubricant type, base oil, product type, end-use and region. Estimated values are derived from manufacturers' total revenues.
The report also includes a discussion of the major players in the market. Further, it explains the major drivers and regional dynamics of the market for biolubricants and current trends within the industry. The report concludes with a special focus on the vendor landscape and includes detailed profiles of the major vendors in the global market for biolubricants.
This report covers the technological, economic and business considerations of the biolubricants industry with analyses and forecasts provided for global markets. Included in the report are descriptions of market forces relevant to the biolubricants industry and their areas of application.
Global markets are presented by base oil, product type and end-use industry of biolubricants, along with growth forecasts through 2025. Estimates on sales value are based on the price in the supply chain at which the biolubricants are procured by manufacturers.
Market-driving forces and industry structure are examined. International aspects are analyzed for all world regions and base oils of biolubricants. Brief profiles of major global manufacturers are presented.
The presently developing COVID-19 pandemic has currently halted the progress of economies across the world. In addition to taking measures to lock down their respective countries to contain the spread of the coronavirus, especially in affected cities, various governments across the world are also taking the measures necessary to contain the economic slowdown.
The report considers the impact of COVID-19. In 2020, the growth rate of every industry across the world was impacted by the pandemic, and thus the biolubricants market will also be indirectly affected. The market is, however, expected to bounce back in 2021, due to the relief packages or disaster aid packages provided by various governments to boost their economies.
The report does not include separate market data for the very small base oil types and product types covered under the other categories.
A negative economic outlook has been assumed in all the regions for 2020 due to COVID-19, but a later positive economic outlook has been assumed to continue in all the regions until 2025. The growing economies are assumed to attract key companies in the market and increase consumer spending.
The Report Includes:
- 177 data tables and 106 additional tables
- An overview of the global markets for biolubricants
- Estimation of the market size and analyses of global market trends, with data from 2019 to 2020 and projections of compound annual growth rates (CAGRs) through 2025
- Identification of market drivers, restraints and other forces impacting the global market and evaluation of current market size and forecast and technological advancements within the industry
- Characterization and quantification of market potential for biolubricants by end-use application, end-user, type and region
- Description of biodegradable and renewable feedstock, such as vegetable oil, animal fat, and bio-based esters and discussion on major advantages of biolubricants as they are biodegradable, minimally toxic, and not bio-accumulative, and lubricants produced from these feedstocks are considered as environmentally acceptable lubricants (EAL)
- Discussion on the importance of bio-lubricants products and their effect on economic activity, and analysis of recent developments, new product launches and strategic innovations within the industry
- Market share analysis of the key companies of the industry and coverage of events like mergers & acquisitions, joint ventures, collaborations, or partnerships
- Company profiles of major players, including Binol Biolubricants, Exxon Mobil Corp., Klüber Lubrication, Royal Dutch Shell PLC and Vickers Oil
Table of Contents
Chapter 1 Introduction
- Market Definition
- Study Goals and Objectives
- Reasons for Doing This Study
- Intended Audience
- Scope of Report
- Information Sources
- Methodology
- Currency
- Unit Considered
- Geographic Breakdown
- Analyst's Credentials
- Custom Research
- Related Reports
Chapter 2 Summary and Highlights
Chapter 3 Market Overview
- Introduction
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Challenges
- Supply Chain Analysis
- Raw Material
- Blending
- Distribution
- End-use Industry
- Biodegradation Mechanism of Vegetable Oil
- Methods of Biodegradation Mechanism
- Average Selling Price Trend
- Industry Outlook
- GDP Trends and Forecast of Major Economies
- Lockdowns and Economic Activity
- Mining
- Wind Energy
Chapter 4 Impact of COVID-19
- Disruption in Major Industries
- Chemical Industry
- Metal and Mining Industry
- Automotive Industry
- Construction Industry
- Oil and Gas Industry
Chapter 5 Market Breakdown by Type of Base Oil
- Introduction
- Vegetable Oil
- Chemical Structures of Vegetable Oils and Fatty Acids
- Transesterification of Vegetable Oils
- Epoxidation
- Animal Fat
- Others
- Polyalkylene Glycols (PAGs)
- Esters
Chapter 6 Market Breakdown by Product Type
- Introduction
- Hydraulic Fluid
- Metalworking Fluid
- Removal Metalworking Fluid
- Protecting Metalworking Fluid
- Forming Metalworking Fluid
- Treating Metalworking Fluid
- Chainsaw Oil
- Mold Release Agents
- Two-Cycle Engine Oil
- Gear Oil
- Rust- and Corrosion-inhibited Gear Oil
- Compounded Gear Oil
- Extreme Pressure Gear Oil
- Grease
- Metallic Soap Thickeners
- Non-soap Thickeners
- Inorganic Thickeners
- Other Thickeners
- Others
- Transformer Oil
- Refrigeration Oil
- Textile Machinery Lubricants
Chapter 7 Market by Breakdown by End-Use Industry
- Introduction
- Industrial
- Industrial Subsegments
- Commercial Transport
- Consumer Automobile
Chapter 8 Market Breakdown by Region
- Introduction
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Indonesia
- North America
- United States
- Canada
- Mexico
- Europe
- Nordic Countries
- Germany
- Benelux
- Switzerland
- Italy
- France
- United Kingdom
- Middle East and Africa
- South Africa
- Egypt
- South America
- Brazil
- Argentina
Chapter 9 Patent Analysis
- Introduction
- Methodology
- Document Type
- Trends by Year
- Trends by Country
- Trends by Assignee
Chapter 10 Competitive Landscape
- Major Manufacturers in the Lubricants Ecosystem
- Lubricants Industry Structure
- Per Capita Lubricant Demand
- Market Share and Ranking Analysis of Biolubricants Companies
Chapter 11 Company Profiles
- Balmer Lawrie & Co., Ltd.
- Bechem Lubrication Technology Llc
- Binol Biolubricants
- Biona Jersin S.R.O.
- BP Plc
- Cargill Inc.
- Chevron Corp.
- Emery Oleochemicals Sdn Bhd
- Eneos Corp.
- Exxon Mobil Corp.
- Fuchs Petrolub Se
- Green Earth Technologies Inc.
- Idemitsu Kosan Co., Ltd.
- Igol Lubricants Pvt., Ltd.
- Kajo Group
- Kluber Lubrication
- Lanopro
- Magna Group
- Panolin Ag
- Renewable Lubricants, Inc.
- Royal Dutch Shell Plc
- RSC Bio Solutions Llc
- Total S.A.
- Vickers Oil
- Companies That Participate In All Categories Of Lubricant Manufacturing
- Amsoil Inc.
- Avista Oil Ag
- Bharat Petroleum Corp., Ltd. (Bpcl)
- BP P.L.C.
- Chevron Corp.
- Eneos Corp.
- Eni S.P.A.
- Exxon Mobil Corp.
- Fuchs Petrolub Se
- Gazprom Neft Pjsc
- Hindustan Petroleum Corp., Ltd. (Hpcl)
- Idemitsu Kosan Co., Ltd.
- Indian Oil Corp., Ltd. (Iocl)
- Lukoil
- Petrochina Co., Ltd.
- Petroliam Nasional Berhad (Petronas)
- Pt Pertamina (Persero)
- Phillips 66
- Petrobras
- Petroleos De Venezuela, S.A.
- Pjsc Tatneft
- Repsol
- Rosneft
- Saudi Aramco
- Sinopec Lubricant Co.
- Valvoline Inc.
Chapter 12 Appendix: Acronyms
List of Tables
Summary Table: Global Market for Biolubricants, by End-Use Industry, Through 2025
Table 1: Industrial Growth Rate of Key Countries, 2018
Table 2: Increased Vehicle Sales and Higher Motorization Rate
Table 3: BRIC Nations Total Vehicle Sales, 2019
Table 4: Biodegradability Test Methods and Its Criterion
Table 5: Biodegradability Nature of the Different Base Fluids
Table 6: Biolubricants Market Price, by Region, 2019-2025
Table 7: GDP Trends and Forecast, by Major Country, 2017-2024
Table 8: GDP Forecast Errors in 2020: H1 and Lockdown Stringency
Table 9: Lockdowns and Economic Activity Through a Broad Range of Indicators
Table 10: Global Mineral Production, by Key Country, 2018
Table 11: Global Wind Installation, by Key Country, 2015-2019
Table 12: COVID-19 Impact on Supply Chain Stage
Table 13: Forecasting Factors and COVID-19 Impact
Table 14: Major Announcements by Mining Companies, 2020
Table 15: Metal and Mining Industry: Opportunities, 2020
Table 16: Major Announcements by Automotive Companies, 2020
Table 17: Automotive Industry: Opportunities, 2020
Table 18: Major Announcements by Construction Companies, 2020
Table 19: Major Announcements by Oil and Gas Companies, 2020
Table 20: Oil and Gas Industry: Opportunities, 2020
Table 21: Base Oil by Group
Table 22: Classification of Base Oil, by Group
Table 23: Biodegradable Natures of Different Base Fluids
Table 24: Overview of the Test Methods Available to Conduct Laboratory-Scale Check for Lubricant Properties
Table 25: Vegetable Oils and their Applications
Table 26: Standards Specifying Biodegradability and Ecotoxicity of Environment-Friendly Lubricants, by Countries
Table 27: Global Market Volume of Biolubricants, by Base Oil, Through 2025
Table 28: Global Market for Biolubricants, by Base Oil, Through 2025
Table 29: Various Methods of the Production of Biolubricants from Vegetable Oil, by Transesterification
Table 30: Various Methods of the Production of Biolubricants, by Epoxidation of Vegetable Oils
Table 31: Global Market Volume of Vegetable Oil, by Region, Through 2025
Table 32: Global Market for Vegetable Oil, by Region, Through 2025
Table 33: Global Market Volume of Animal Fat, by Region, Through 2025
Table 34: Global Market for Animal Fat, by Region, Through 2025
Table 35: Physical Properties of Esters
Table 36: Global Market Volume of Other Base Oils, by Region, Through 2025
Table 37: Global Market for Other Base Oils, by Region, Through 2025
Table 38: Global Market Volume of Biolubricants, by Product Type, Through 2025
Table 39: Global Market for Biolubricants, by Product Type, Through 2025
Table 40: Global Market Volume of Hydraulic Fluid, by Region, Through 2025
Table 41: Global Market Volume of Hydraulic Fluid, by Region, Through 2025
Table 42: Global Market Volume of Metalworking Fluid, by Region, Through 2025
Table 43: Global Market Volume of Metalworking Fluid, by Region, Through 2025
Table 44: Global Market Volume of Chainsaw Oil, by Region, Through 2025
Table 45: Global Market Volume of Chainsaw Oil, by Region, Through 2025
Table 46: Global Market Volume of Mold Release Agents, by Region, Through 2025
Table 47: Global Market for Mold Release Agents, by Region, Through 2025
Table 48: Global Market Volume of Two-Cycle Engine Oil, by Region, Through 2025
Table 49: Global Market for Two-Cycle Engine Oil, by Region, Through 2025
Table 50: Global Market Volume of Gear Oil, by Region, Through 2025
Table 51: Global Market for Gear Oil, by Region, Through 2025
Table 52: Global Various Grades of Grease Classified by NLGI
Table 53: Global Market Volume of Grease, by Region, Through 2025
Table 54: Global Market for Grease, by Region, Through 2025
Table 55: Global Market Volume of Other Biolubricants, by Region, Through 2025
Table 56: Global Market for Other Biolubricants, by Region, Through 2025
Table 57: Global Market Volume of Biolubricants, by End-Use Industry, Through 2025
Table 58: Global Market for Biolubricants, by End-Use Industry, Through 2025
Table 59: World Fleet, by Principal Vessel Type, 2018 and 2019
Table 60: Ownership of World Fleet Ranked, by Dead-Weight Tonnage, 2019
Table 61: Global Market Volume of Biolubricants in Industrial End Uses, by Region, Through 2025
Table 62: Global Market for Biolubricants in Industrial End Uses, by Region, Through 2025
Table 63: Global Market Volume of Biolubricants in Marine End Uses, by Region, Through 2025
Table 64: Global Market for Biolubricants in Marine End Uses, by Region, Through 2025
Table 65: Global Market Volume of Biolubricants in Agriculture and Construction End Uses, by Region, Through 2025
Table 66: Global Market for Biolubricants in Agriculture and Construction End Uses, by Region, Through 2025
Table 67: Global Market Volume of Biolubricants in Food and Beverage End Uses, by Region, Through 2025
Table 68: Global Market for Biolubricants in Food and Beverage End Uses, by Region, Through 2025
Table 69: Global Market Volume of Biolubricants in Mining and Energy End Uses, by Region, Through 2025
Table 70: Global Market for Biolubricants in Mining and Energy End Uses, by Region, Through 2025
Table 71: Global Market Volume of Biolubricants in Manufacturing End Uses, by Region, Through 2025
Table 72: Global Market for Biolubricants in Manufacturing End Uses, by Region, Through 2025
Table 73: Global Market Volume of Biolubricants in Commercial Transport End Uses, by Region, Through 2025
Table 74: Global Market for Biolubricants in Commercial Transport End Uses, by Region, Through 2025
Table 75: Global Market Volume of Biolubricants in Consumer Automobile End Uses, by Region, Through 2025
Table 76: Global Market for Biolubricants in Consumer Automobile End Uses, by Region, Through 2025
Table 77: Global Market Volume of Biolubricants, by Region, Through 2025
Table 78: Global Market for Biolubricants, by Region, Through 2025
Table 79: Asia-Pacific Market Volume of Biolubricants, by Country, Through 2025
Table 80: Asia-Pacific Market for Biolubricants, by Country, Through 2025
Table 81: Asia-Pacific Market Volume of Biolubricants, by Base Oil, Through 2025
Table 82: Asia-Pacific Market for Biolubricants, by Base Oil, Through 2025
Table 83: Asia-Pacific Market Volume of Biolubricants, by Product Type, Through 2025
Table 84: Asia-Pacific Market for Biolubricants, by Product Type, Through 2025
Table 85: Asia-Pacific Market Volume of Biolubricants, by End-Use Industry, Through 2025
Table 86: Asia-Pacific Market for Biolubricants, by End-Use Industry, Through 2025
Table 87: Chinese Market Volume of Biolubricants, by Base Oil, Through 2025
Table 88: Chinese Market for Biolubricants, by Base Oil, Through 2025
Table 89: Chinese Market Volume of Biolubricants, by End-Use Industry, Through 2025
Table 90: Chinese Market for Biolubricants, by End-Use Industry, Through 2025
Table 91: Indian Market Volume of Biolubricants, by Base Oil, Through 2025
Table 92: Indian Market for Biolubricants, by Base Oil, Through 2025
Table 93: Indian Market Volume of Biolubricants, by End-Use Industry, Through 2025
Table 94: Indian Market for Biolubricants, by End-Use Industry, Through 2025
Table 95: Japanese Market Volume of Biolubricants, by Base Oil, Through 2025
Table 96: Japanese Market for Biolubricants, by Base Oil, Through 2025
Table 97: Japanese Market Volume of Biolubricants, by End-Use Industry, Through 2025
Table 98: Japanese Market for Biolubricants, by End-Use Industry, Through 2025
Table 99: South Korean Market Volume of Biolubricants, by Base Oil, Through 2025
Table 100: South Korean Market for Biolubricants, by Base Oil, Through 2025
Table 101: South Korean Market Volume of Biolubricants, by End-Use Industry, Through 2025
Table 102: South Korean Market for Biolubricants, by End-Use Industry, Through 2025
Table 103: Malaysian Market Volume of Biolubricants, by Base Oil, Through 2025
Table 104: Malaysian Market for Biolubricants, by Base Oil, Through 2025
Table 105: Malaysian Market Volume of Biolubricants, by End-Use Industry, Through 2025
Table 106: Malaysian Market for Biolubricants, by End-Use Industry, Through 2025
Table 107: Indonesian Market Volume of Biolubricants, by Base Oil, Through 2025
Table 108: Indonesian Market for Biolubricants, by Base Oil, Through 2025
Table 109: Indonesian Market Volume of Biolubricants, by End-Use Industry, Through 2025
Table 110: Indonesian Market for Biolubricants, by End-Use Industry, Through 2025
Table 111: North American Market Volume of Biolubricants, by Country, Through 2025
Table 112: North American Market for Biolubricants, by Country, Through 2025
Table 113: North American Market Volume of Biolubricants, by Base Oil, Through 2025
Table 114: North American Market for Biolubricants, by Base Oil, Through 2025
Table 115: North American Market Volume of Biolubricants, by Product Type, Through 2025
Table 116: North American Market for Biolubricants, by Product Type, Through 2025
Table 117: North American Market Volume of Biolubricants, by End-Use Industry, Through 2025
Table 118: North American Market for Biolubricants, by End-Use Industry, Through 2025
Table 119: U.S. Market Volume of Biolubricants, by Base Oil, Through 2025
Table 120: U.S. Market for Biolubricants, by Base Oil, Through 2025
Table 121: U.S. Market Volume of Biolubricants, by End-Use Industry, Through 2025
Table 122: U.S. Market for Biolubricants, by End-Use Industry, Through 2025
Table 123: Canadian Market Volume of Biolubricants, by Base Oil, Through 2025
Table 124: Canadian Market for Biolubricants, by Base Oil, Through 2025
Table 125: Canadian Market Volume of Biolubricants, by End-Use Industry, Through 2025
Table 126: Canadian Market for Biolubricants, by End-Use Industry, Through 2025
Table 127: Mexican Market Volume of Biolubricants, by Base Oil, Through 2025
Table 128: Mexican Market for Biolubricants, by Base Oil, Through 2025
Table 129: Mexican Market Volume of Biolubricants, by End-Use Industry, Through 2025
Table 130: Mexican Market for Biolubricants, by End-Use Industry, Through 2025
Table 131: European Market Volume of Biolubricants, by Country, Through 2025
Table 132: European Market for Biolubricants, by Country, Through 2025
Table 133: European Market Volume of Biolubricants, by Base Oil, Through 2025
Table 134: European Market for Biolubricants, by Base Oil, Through 2025
Table 135: European Market Volume of Biolubricants, by Product Type, Through 2025
Table 136: European Market for Biolubricants, by Product Type, Through 2025
Table 137: European Market Volume of Biolubricants, by End-Use Industry, Through 2025
Table 138: European Market for Biolubricants, by End-Use Industry, Through 2025
Table 139: Nordic Countries Market Volume of Biolubricants, by Base Oil, Through 2025
Table 140: Nordic Countries Market for Biolubricants, by Base Oil, Through 2025
Table 141: Nordic Countries Market Volume of Biolubricants, by End-Use Industry, Through 2025
Table 142: Nordic Countries Market for Biolubricants, by End-Use Industry, Through 2025
Table 143: German Market Volume of Biolubricants, by Base Oil, Through 2025
Table 144: German Market for Biolubricants, by Base Oil, Through 2025
Table 145: German Market Volume of Biolubricants, by End-Use Industry, Through 2025
Table 146: German Market for Biolubricants, by End-Use Industry, Through 2025
Table 147: Benelux Market Volume of Biolubricants, by Base Oil, Through 2025
Table 148: Benelux Market for Biolubricants, by Base Oil, Through 2025
Table 149: Benelux Market Volume of Biolubricants, by End-Use Industry, Through 2025
Table 150: Benelux Market for Biolubricants, by End-Use Industry, Through 2025
Table 151: Swiss Market Volume of Biolubricants, by Base Oil, Through 2025
Table 152: Swiss Market for Biolubricants, by Base Oil, Through 2025
Table 153: Swiss Market Volume of Biolubricants, by End-Use Industry, Through 2025
Table 154: Swiss Market for Biolubricants, by End-Use Industry, Through 2025
Table 155: Italian Market Volume of Biolubricants, by Base Oil, Through 2025
Table 156: Italian Market for Biolubricants, by Base Oil, Through 2025
Table 157: Italian Market Volume of Biolubricants, by End-Use Industry, Through 2025
Table 158: Italian Market for Biolubricants, by End-Use Industry, Through 2025
Table 159: French Market Volume of Biolubricants, by Base Oil, Through 2025
Table 160: French Market for Biolubricants, by Base Oil, Through 2025
Table 161: French Market Volume of Biolubricants, by End-Use Industry, Through 2025
Table 162: French Market for Biolubricants, by End-Use Industry, Through 2025
Table 163: U.K. Market Volume of Biolubricants, by Base Oil, Through 2025
Table 164: U.K. Market for Biolubricants, by Base Oil, Through 2025
Table 165: U.K. Market Volume of Biolubricants, by End-Use Industry, Through 2025
Table 166: U.K. Market for Biolubricants, by End-Use Industry, Through 2025
Table 167: Middle East & African Market Volume of Biolubricants, by Country, Through 2025
Table 168: Middle East & African Market for Biolubricants, by Country, Through 2025
Table 169: Middle East & African Market Volume of Biolubricants, by Base Oil, Through 2025
Table 170: Middle East & African Market for Biolubricants, by Base Oil, Through 2025
Table 171: Middle East & African Market Volume of Biolubricants, by Product Type, Through 2025
Table 172: Middle East & African Market for Biolubricants, by Product Type, Through 2025
Table 173: Middle East & African Market Volume of Biolubricants, by End-Use Industry, Through 2025
Table 174: Middle East & African Market for Biolubricants, by End-Use Industry, Through 2025
Table 175: South African Market Volume of Biolubricants, by Base Oil, Through 2025
Table 176: South African Market for Biolubricants, by Base Oil, Through 2025
Table 177: South African Market Volume of Biolubricants, by End-Use Industry, Through 2025
Table 178: South African Market for Biolubricants, by End-Use Industry, Through 2025
Table 179: Egyptian Market Volume of Biolubricants, by Base Oil, Through 2025
Table 180: Egyptian Market for Biolubricants, by Base Oil, Through 2025
Table 181: Egyptian Market Volume of Biolubricants, by End-Use Industry, Through 2025
Table 182: Egyptian Market for Biolubricants, by End-Use Industry, Through 2025
Table 183: South American Market Volume of Biolubricants, by Country, Through 2025
Table 184: South American Market for Biolubricants, by Country, Through 2025
Table 185: South American Market Volume of Biolubricants, by Base Oil, Through 2025
Table 186: South American Market for Biolubricants, by Base Oil, Through 2025
Table 187: South American Market Volume of Biolubricants, by Product Type, Through 2025
Table 188: South American Market for Biolubricants, by Product Type, Through 2025
Table 189: South American Market Volume of Biolubricants, by End-Use Industry, Through 2025
Table 190: South American Market for Biolubricants, by End-Use Industry, Through 2025
Table 191: Brazilian Market Volume of Biolubricants, by Base Oil, Through 2025
Table 192: Brazilian Market for Biolubricants, by Base Oil, Through 2025
Table 193: Brazilian Market Volume of Biolubricants, by End-Use Industry, Through 2025
Table 194: Brazilian Market for Biolubricants, by End-Use Industry, Through 2025
Table 195: Argentinian Market Volume of Biolubricants, by Base Oil, Through 2025
Table 196: Argentinian Market for Biolubricants, by Base Oil, Through 2025
Table 197: Argentinian Market Volume of Biolubricants, by End-Use Industry, Through 2025
Table 198: Argentinian Market for Biolubricants, by End-Use Industry, Through 2025
Table 199: Patents Related to Biolubricants, by Year, 2015-2019
Table 200: Patents Related to Biolubricants, by Country, 2015-2019
Table 201: Patent Assignees on Biolubricants, 2015-2019
Table 202: Patent Titles and Patent Numbers on Biolubricants, 2015-2019
Table 203: Lubricants Manufacturer’s Presence in Eco-system
Table 204: Global Lubricants Industry Structure, 1990-2019
Table 205: Per Capita Lubricant Demand, by Region, 2007 and 2018
Table 206: Key Companies with Biolubricants Businesses, 2019
Table 207: Balmer Lawrie & Co., Ltd.: Products Offered
Table 208: Bechem Lubrication Technology LLC: Products Offered
Table 209: Binol Biolubricants: Products Offered
Table 210: Biona Jersin: Products Offered
Table 211: BP PLC: Products Offered
Table 212: BP PLC: Recent Developments, 2019
Table 213: Cargill Inc.: Products Offered
Table 214: Cargill Inc.: Recent Developments, 2019
Table 215: Chevron Corp.: Recent Developments, 2019
Table 216: Emery Oleochemicals: Products Offered
Table 217: Emery Oleochemicals: Recent Developments, 2019
Table 218: ENEOS Corp.: Products Offered
Table 219: ENEOS Corp.: Recent Developments, 2019
Table 220: Exxon Mobil Corp.: Products Offered
Table 221: Exxon Mobil Corp.: Lubricant Production Plant Location and Capacity, 2019
Table 222: Exxon Mobil Corp.: Recent Developments, 2019
Table 223: Fuchs Petolub SE: Products Offered
Table 224: Fuchs Petolub SE: Recent Developments, 2019
Table 225: Green Earth Technologies Inc.: Products Offered
Table 226: Idemitsu Kosan Co., Ltd.: Products Offered
Table 227: Idemitsu Kosan Co., Ltd.: Recent Developments, 2019
Table 228: IGOL Lubricants Pvt., Ltd.: Products Offered
Table 229: Kajo Group: Products Offered
Table 230: Klüber Lubrication: Products Offered
Table 231: Klüber Lubrication: Recent Developments, 2019
Table 232: LanoPro: Products Offered
Table 233: LanoPro: Recent Developments, 2019
Table 234: Magna Group: Products Offered
Table 235: PANOLIN AG: Products Offered
Table 236: PANOLIN AG: Recent Developments, 2019
Table 237: Renewable Lubricants, Inc.: Products Offered
Table 238: Royal Dutch Shell PLC: Products Offered
Table 239: Royal Dutch Shell PLC: Recent Developments, 2019
Table 240: RSC Bio Solutions LLC: Products Offered
Table 241: Total S.A.: Products Offered
Table 242: Total S.A.: Recent Developments, 2019
Table 243: Vickers Oil: Products Offered
Table 244: Amsoil Inc.: Products Offered
Table 245: Avista Oil AG: Products Offered
Table 246: Bharat Petroleum Corp., Ltd.: Products Offered
Table 247: BP P.L.C.: Products Offered
Table 248: BP P.L.C.: Recent Developments, 2019
Table 249: Chevron Corp.: Products Offered
Table 250: Chevron Corp.: Recent Developments, 2019
Table 251: ENEOS Corp.: Products Offered
Table 252: ENEOS Corp.: Recent Developments, 2019
Table 253: Eni S.p.A.: Products Offered
Table 254: Exxon Mobil Corp.: Products Offered
Table 255: Exxon Mobil Corp.: Recent Developments, 2019
Table 256: Fuchs Petolub SE: Products Offered
Table 257: Fuchs Petolub SE: Recent Developments, 2019
Table 258: Gazprom Neft PJSC: Products Offered
Table 259: Gazprom Neft PJSC: Recent Developments, 2019
Table 260: Hindustan Petroleum Corp., Ltd.: Products Offered
Table 261: Idemitsu Kosan Co., Ltd.: Products Offered
Table 262: Idemitsu Kosan Co., Ltd.: Recent Developments, 2019
Table 263: Indian Oil Corp., Ltd. (IOCL): Products Offered
Table 264: LUKOIL: Products Offered
Table 265: LUKOIL: Recent Developments, 2019
Table 266: PetroChina Co., Ltd.: Products Offered
Table 267: Petroliam Nasional Berhad (PETRONAS): Products Offered
Table 268: Petroliam Nasional Berhad (PETRONAS): Recent Developments, 2019
Table 269: PT Pertamina (Persero): Products Offered
Table 270: Phillips 66: Products Offered
Table 271: Petrobras: Products Offered
Table 272: Petrobras: Recent Developments, 2019
Table 273: Petróleos de Venezuela, S.A.: Products Offered
Table 274: PJSC Tatneft: Products Offered
Table 275: Repsol: Products Offered
Table 276: Rosneft: Products Offered
Table 277: Saudi Aramco: Products Offered
Table 278: Sinopec Lubricant Co.: Products Offered
Table 279: Sinopec Lubricant Co.: Recent Developments, 2019
Table 280: Valvoline Inc.: Products Offered
Table 281: Valvoline Inc.: Recent Developments, 2019
Table 282: Acronyms used in This Report
List of Figures
Summary Figure: Global Market Shares of Biolubricants, by End-Use Industry, 2019
Figure 1: Supply Chain of Biolubricants Market
Figure 2: Supply Chain of Biolubricants Market
Figure 3: Biodegradation Mechanism of Vegetable Oil as Lubricants
Figure 4: Biolubricants Market Price, by Region, 2019-2025
Figure 5: Lockdowns and Economic Activity
Figure 6: Global Market Shares of Biolubricants, by Base Oil, 2019
Figure 7: Global Production and Consumption of Vegetable Oil, 2017-2019
Figure 8: Different Transesterification Routes
Figure 9: Chemical Modifications of Hydrocarbon Chain in Triglycerides
Figure 10: Transesterification with Methanol
Figure 11: Epoxidation of a Triacylglycerol Molecule
Figure 12: Reactions Possible with Epoxidized Vegetable Oils
Figure 13: General Process of Electricity Production via Vegetable Oil as Fluids in Power Plants
Figure 14: Global Market Shares of Vegetable Oil, by Region, 2019
Figure 15: Global Market Shares of Animal Fat, by Region, 2019
Figure 16: Chemical Structure of Triglycerides (Natural Esters)
Figure 17: Global Market Shares of Other Base Oils, by Region, 2019
Figure 18: Global Market Shares of Biolubricants, by Product Type, 2019
Figure 19: Global Market Shares of Hydraulic Fluid, by Region, 2019
Figure 20: Global Market Shares of Metalworking Fluid, by Region, 2019
Figure 21: Global Market Shares of Chainsaw Oil, by Region, 2019
Figure 22: Global Market Shares of Mold Release Agents, by Region, 2019
Figure 23: Global Market Shares of Two-Cycle Engine Oil, by Region, 2019
Figure 24: Global Market Shares of Gear Oil, by Region, 2019-2025
Figure 25: Global Market Shares of Grease, by Region, 2019
Figure 26: Global Market Shares of Other Biolubricants, by Region, 2019
Figure 27: Global Market Shares of Biolubricants, by End-Use Industry, 2019
Figure 28: Global Container Port Traffic Share, by Region, 2019
Figure 29: Global Market Shares of Biolubricants in Industrial End Uses, by Region, 2019
Figure 30: Global Market Shares of Biolubricants in Commercial Transport End Uses, by Region, 2019
Figure 31: Global Market Shares of Biolubricants in Consumer Automobile End Uses, by Region, 2019
Figure 32: Global Market Shares of Biolubricants, by Region, 2019
Figure 33: Asia-Pacific Market for Biolubricants, 2019-2025
Figure 34: North American Market for Biolubricants, 2019-2025
Figure 35: European Market for Biolubricants, 2019-2025
Figure 36: Middle East & African Market for Biolubricants, 2019-2025
Figure 37: South American Market for Biolubricants, 2019-2025
Figure 38: Patents on Biolubricants, 2015-2019
Figure 39: Publication Trends, 2015-2019
Figure 40: Patents Related to Biolubricants, by Country, 2015-2019
Figure 41: Patents Related to Biolubricants, by Assignee, 2015-2019
Figure 42: Global Lubricants Industry Structure, 1990
Figure 43: Global Lubricants Industry Structure, 2019
Figure 44: Per Capita Lubricant Demand, by Region, 2007
Figure 45: Per Capita Lubricant Demand, by Region, 2018
Figure 46: Global Biolubricants Market Share Analysis, 2019
Figure 47: Global Biolubricants Market Ranking Analysis, 2019
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Executive Summary
A lubricant is a substance used to reduce friction between moving parts or surfaces, prevent wear and tear, and reduce the heat generated by the movement of parts. It may also have the function of transmitting forces, transporting foreign particles, or heating and cooling the surfaces. The property of reducing friction is known as lubricity. More than 85% of the lubricants used globally are based on petroleum feedstock. However, the industry is showing an increasing inclination towards the use of biobased and non-toxic lubricants as a result of increasing pressure from local and national regulatory bodies and growing concern about the adverse effects of industrial development on the environment.
Biolubricants, or environmentally accepted lubricants (EAL), are lubricants that are derived from renewable sources such as vegetable oils, animal fats and other sources. These lubricants are readily biodegradable, less toxic and do not harm aquatic organisms and the surrounding vegetation.
Biolubricants have several environmental advantages over petroleum-based lubricants because of the inherent qualities of vegetable oils. Vegetable oils have a high viscosity index, which does not change under high temperatures, unlike petroleum-based lubricants. They provide better lubricity and longer life to equipment.
The major driver for the growth of the market is environmental regulations such as the VesselGeneral Permit (VGP) and European Ecolabel. Governments' support for the development of bio-economy such as the BioPreferred Program and government funding in research and development (R&D) to reduce the usage of petroleum-based products also support the growth of the market. Due to the implementation of these regulations, the marine industry has become the largest consumer of biolubricants. Some of the regions, like the U.S. and Europe, have adopted the VesselGeneralPermit quite strictly, which makes it compulsory for shipping vessels to use bio-based chemicals to enter their territorial waters. This step has been taken to protect the aquatic ecosystem from any type of contamination due to accidental leakage of harmful chemicals.
The primary factor restraining the market is the higher price of biolubricants in comparison to mineral-based lubricants. Biolubricants are two to three times more expensive than mineral-based lubricants - hence, their acceptance in regions such as APAC, theMiddle East, Africa and South America is low. The introduction of new environmental regulations and newR&D to reduce prices are expected to propel the market for biolubricants in the long term.
Companies Mentioned
- Amsoil Inc.
- Avista Oil Ag
- Balmer Lawrie & Co., Ltd.
- Bechem Lubrication Technology Llc
- Bharat Petroleum Corp., Ltd. (Bpcl)
- Binol Biolubricants
- Biona Jersin S.R.O.
- BP Plc
- Cargill Inc.
- Chevron Corp.
- Emery Oleochemicals Sdn Bhd
- Eneos Corp.
- Eni S.P.A.
- Exxon Mobil Corp.
- Fuchs Petrolub Se
- Gazprom Neft Pjsc
- Green Earth Technologies Inc.
- Hindustan Petroleum Corp., Ltd. (Hpcl)
- Idemitsu Kosan Co., Ltd.
- Igol Lubricants Pvt., Ltd.
- Indian Oil Corp., Ltd. (Iocl)
- Kajo Group
- Kluber Lubrication
- Lanopro
- Lukoil
- Magna Group
- Panolin Ag
- Petrobras
- Petrochina Co., Ltd.
- Petroleos De Venezuela, S.A.
- Petroliam Nasional Berhad (Petronas)
- Phillips 66
- PJSC Tatneft
- PT Pertamina (Persero)
- Renewable Lubricants, Inc.
- Repsol
- Rosneft
- Royal Dutch Shell Plc
- RSC Bio Solutions Llc
- Saudi Aramco
- Sinopec Lubricant Co.
- Total S.A.
- Valvoline Inc.
- Vickers Oil
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 252 |
| Published | June 2021 |
| Forecast Period | 2020 - 2025 |
| Estimated Market Value ( USD | $ 2 Billion |
| Forecasted Market Value ( USD | $ 2.4 Billion |
| Compound Annual Growth Rate | 3.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 44 |
