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Biolubricants are lubricants derived from vegetable oils or animal fat, and have properties such as biodegradability, non-toxicity, are non-bioaccumulative, and eco-friendly. Traditionally used lubricants were derived from petroleum-based oil, with poor degradability. Moreover, petroleum-based lubricants lead to environmental hazards by accumulating in water bodies and harm the aquatic life. Therefore, rising awareness regarding eco-friendly lubricant solutions is expected to drive demand of biolubricants in the near future.

Market Dynamics:

  • Growing demand of sustainable alternatives against petroleum-based lubricants is expected to drive growth of the global biolubricants market over the forecast period. According to the fact sheet on biolubricants released by the Department of Ecology of Washington, U.S., in April 2011, biolubricants offer better safety than petroleum lubricants as they have higher flashpoints, constant viscosity, and less oil mist and vapor emissions. Biolubricants also produce lower emissions. Moreover, as per the same source, biolubricants are highly biodegradable and are less costly owing to lower maintenance, storage, and disposal requirements.
  • Furthermore, number of advantages offered by biolubricants compared to petroleum-based lubricants, are expected to drive growth of the biolubricants market, as it provides low cost and eco-friendly solutions for various lubricant products such as greases and engine oils.

Market Outlook:

  • Among region, North America is expected to witness high growth in the global biolubricants market over the forecast period owing to increasing number of government initiatives. For instance, the U.S. government’s Air Force and Department of Defense are focused on testing bio-based motor oils for future applications. For instance, according to the an article published by the Defense Logistics Agency (DLA), in April 2016, the U.S. Air Force Research Laboratory tested and validated a bio-based synthetic oil to be used in government vehicles at four Air Force bases and Department of Homeland Security Installation. This bio-based oil is a blend of 25 to 40% agricultural products such as canola oil, soybean oil, and oils from animal fat and synthetic oil.
  • Moreover, according to the article, ‘NASA Helps Test New Engine Oils’ published by National Aeronautics and Space Administration (NASA) in April 2018, NASA carried out performance testing and validated three new bio-based engine oils. Five vehicles at NASA’s Armstrong Flight Research Center in California, U.S. are using these new engine lubricants.
  • Increasing initiatives towards use of sustainable lubricant products is expected to drive the biolubricants market growth over the forecast period.

Key players:

  • Key players operating in the global biolubricants market include Exxon Mobil Corporation, Royal Dutch Shell plc, Quaker Chemical Corporation, Total S.A., Emery Oleochemicals, RSC Bio Solutions, LLC, Klüber Lubrication München Se & Co. Kg, Fuchs Schmierstoffe GmbH, Balmer Lawrie & Co. Ltd., and Renewable Lubricants Inc.

Market Taxonomy:

On the basis of oil source, the global biolubricants market is segmented into:

  • Plant-Based
  • Animal-Based

On the basis of product type, the global biolubricants market is segmented into:

  • Hydraulic Fluid
  • Metalworking Fluid
  • Gear Lubricants
  • Greases
  • Engine Oil
  • Others (Mold Release Agents, Chainsaw Oils etc.)

On the basis of end-use industry, the global biolubricants market is segmented into:

  • Industrial
  • Automotive
  • Construction
  • Marine
  • Others (Agricultural, Forestry etc.)

On the basis of region, the global biolubricants market is segmented into:

  • North America
    • U.S.
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ASEAN
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa
    • Middle East
    • Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users