Global Biolubricants Market Growth 2023-2029

Global Biolubricants Market Growth 2023-2029

Biolubricants, also known as bio-based lubricants or bio-lubes, are made from a variety of vegetable oils, such as rapeseed, canola, sunflower, soybean, palm, and coconut oils.

LPI (LP Information)' newest research report, the “Biolubricants Industry Forecast” looks at past sales and reviews total world Biolubricants sales in 2022, providing a comprehensive analysis by region and market sector of projected Biolubricants sales for 2023 through 2029. With Biolubricants sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Biolubricants industry.

This Insight Report provides a comprehensive analysis of the global Biolubricants landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Biolubricants portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Biolubricants market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Biolubricants and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Biolubricants.

The global Biolubricants market size is projected to grow from US$ 2794.9 million in 2022 to US$ 4121.4 million in 2029; it is expected to grow at a CAGR of 4121.4 from 2023 to 2029.

Global Biolubricants key players include Exxon Mobil, Shell, British Petroleum., TOTAL, Chevron, etc. Global top five manufacturers hold a share about 55%.

North America is the largest market, with a share over 40%, followed by Europe, and Asia (Ex. China), both have a share about 50 percent.

In terms of product, Vegetable Oil is the largest segment, with a share over 80%. And in terms of application, the largest application is Industrial Use, followed by Consumer Automobile, Commercial Transport.

This report presents a comprehensive overview, market shares, and growth opportunities of Biolubricants market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Vegetable Oil

Animal Oil

Segmentation by application

Industrial Use

Commercial Transport

Consumer Automobile

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Exxon Mobil

Shell

British Petroleum.

TOTAL

Chevron

Renewable Lubricants

Panolin

UBL

Statoil Lubricants

Binol Biolubricants

Key Questions Addressed in this Report

What is the 10-year outlook for the global Biolubricants market?

What factors are driving Biolubricants market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Biolubricants market opportunities vary by end market size?

How does Biolubricants break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.