Industry Experts - Market Research Reports, Industry Analysis, Custom Research

Industry Experts, Inc. has released its latest report on Biolubricants Market , which projects the demand for the same be estimated at US$2.9 billion in 2024 and projected to reach US$3.8 billion by 2030 at a CAGR of 4.6% between the two years. Some of the factors driving demand for Biolubricants include advances in technology, regulatory guidelines and a rise in consumer awareness. In the automotive and transportation sectors, a shift towards biolubricants from traditional products due to their eco-friendliness and equivalent performance has been promoting wider utilization, a trend that is very likely to sustain. Production processes and additive technologies have been modified to improve the performance and cost-effectiveness of biolubricants to make them on par with the mineral lubricants being used thus far. In the United States and Europe, regulatory frameworks have been responsible for supporting the wide adoption of biolubricants, which some other regions, too, ar...

Industry Experts has today released the new market research report on biolubricants. The new report ‘ Biolubricants – A Global Market Overview ’ reveals that the global market for biolubricants will touch 1.3 billion lbs in 2014 valued at US$2.1 billion. Global plant-based lubricants industry , in particular, is as yet in a nascent stage, though emergent regulatory impacts on lubricants offer the potential for increasing the consumption of biolubricants over the coming decade. Regulatory actions from the United States government have already specified a minimum renewable content for a range of product categories, with the US Air Force also coming forward in supporting the use of plant-derived bio-based products as a fundamental and strategic approach to national security. Chemical registration policies in the European Union, the United States and China would also play a crucial role in incentivizing greater adoption of biolubricants . Legislations related to ...