Research and Markets: Global Biolubricant Market 2015 Report
May 28, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/4wgl5h/global) has announced the addition of the “Global Biolubricant Market 2015-2019” report to their offering.
Global Biolubricants Market to Grow at a CAGR Of 6.3% Over The Period 2014-2019
Development of environmentally friendly lubricants is one of the key trends emerging in the market. The European and North American governments are focusing on environmentally friendly lubricants, which have minimal impact on the environment during production, use, and disposal. Therefore, vendors are manufacturing biodegradable lubricants and focusing on bioaccumulation and eco-toxicity to reduce adverse effects on the environment.
According to the report, increased end-user applications is one of the major drivers of the market. Biolubricants can be utilized in many industrial applications: hydraulic oil, chain saw oil, spindle oil, metalworking fluids, industrial gear oils, and greases. The improved lubricity provides better equipment service life and surface finish than petroleum-based lubricants.
High cost of lubricants is primarily hindering the market growth. The complex manufacturing process of biolubricants and the inability of agriculture to support large-scale production act as a market deterrent. In recent years, a number of vendors have increased the prices of their biolubricant products, which is affecting the growth of the market.
Key Questions Answered
- What will the market size be in 2019 and what will the growth rate be?
- What are the key Market Trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Key Topics Covered
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Market Segmentation by Raw Material
- Market Segmentation by End-User
- Geographical Segmentation
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
Companies Mentioned
- BP
- Cargill
- Chevron
- China National Petroleum (CNPC)
- Exxon Mobil
- Fuchs Petrolube
- Royal Dutch Shell
- Total
- United Bio Lube
For more information visithttp://www.researchandmarkets.com/research/4wgl5h/global
View source version on businesswire.com: http://www.businesswire.com/news/home/20150528005598/en/
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