Global Polyolesters For Bio-based Lubricants and Lubricant Additives Market showed crucial growth in the recent years and is anticipated to witness a steep rise by generating an estimated revenue of US$ xx.xx over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 7.1% during the forecast period that is 2017-2025. Europe is expected to dominate the market due to high awareness towards sustainable and eco-friendly composites coupled with stringent emission control regulations.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global polyolesters for bio based lubricants and lubricant additives market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global polyolesters for bio based lubricants and lubricant additives market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.     

Market Insights

Polyolesters for bio based lubricants and lubricant additives are used in wide range of temperatures from -75 F to 600 F, and is utilized across various applications such as aviation oil, automotive lubricants, metalworking oil, refrigerant oil, industrial gear, and others. The polyolesters for bio based lubricants and lubricant additives market is expected to grow due to its high functional properties such as high solvency, high dispersibility, low volatility, high oxidative stability, and others, over other lubricants composed of graphite, molybdenum disulfide, and others. Polyolesters are manufactured using polyhydric alcohols and bio-based esters such as fatty acids, polylactic acid (PLA), fatty acid methyl esters (FAME), and others, which are more environmental friendly than other synthetic esters such as monoesters, neopolyol esters, and others The bio-based lubricants are expected to surge the market due to high government regulations over clean and eco-friendly chemicals. For instance, in 2016, according to the United States Environmental Protection Agency (EPA), nearly more than 50% of the lubricants vended across the globe were decomposed into the environment owing to its spills, volatility, discharges and accidents. Furthermore, 95% of the lubricants had a base of mineral oil. The low biodegradable nature and high eco-toxicity of industrial lubricants which are mineral oil based is marked as a key threat for the environment. Thus, due to increasing hazardous impact of crude based oil lubricants, the demand for bio-based lubricants is expected to grow, which in turn is expected to boost the polyolesters for bio based lubricants and lubricant additives market during the forecast period 2018-2025.

Bio-based vs. Synthetic Analysis

The polyolesters for bio based lubricants and lubricant additives market is expected to propel due to increase in industrialization, construction and company’s expansion of manufacturing units into various verticals from automotive to power and energy units. Increasing application in refrigeration, hydraulic fluids, and metalworking segments is expected to boost the market. The increasing emission of chlorofluorocarbons (CFCs) from aviation and automotive mineral oils has increased the regulations from various government organizations such as United States Environmental Protection Agency (EPA), and National Center for Biotechnology Information (NCBI). The bio based lubricants are sourced by various ingredients such as sunflower oil, soybean, and other oilseeds and vegetable oil. Soybean based lubricants is expected to have the major share due to its high availability and is inexpensive than other resources such as sunflower oil, oilseeds, and others. Owing to these factors the polyolesters for bio based lubricants and lubricant additives market is expected to grow during the forecast period

Regional Analysis

The polyolesters for bio based lubricants and lubricant additives market is anticipated to be dominated by Europe followed by Asia Pacific and North America. Europe is expected to dominate the market due to high awareness towards sustainable and eco-friendly composites coupled with stringent emission control regulations. Asia Pacific is expected to be the fastest growing region for the market. Bio based lubricants are used in automotive replacing petroleum based lubricants which develops toxicity and biodegradability, according to American Society for Testing and Materials (ASTM). According to the Alliance of Automobile Manufactures, in 2016, 50% of the total passenger cars across the globe is accounted towards Asia Pacific due increase in the demand for number of passenger cars due to rising middle income families, easy loan offers, wide availability of hatchback cars at affordable rates. Asia Pacific is also expected to dominate the motorcycles market for 85 to 90% of the total motorcycle production, in 2016, according to the Alliance of Automobile Manufactures, thus the use of bio-based lubricants and additives is in turn expected to boost the market during the forecast period.

Global Polyolesters For Bio-based Lubricants and Lubricant Additives Market Size, Share Analysis By Region 2017

Global Polyolesters For Bio-based Lubricants and Lubricant Additives Market Study Objective

1. To forecast the market size of polyolesters for bio based lubricants and lubricant additives market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of polyolesters for bio based lubricants and lubricant additives market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have major impact on the growth of polyolesters for bio based lubricants and lubricant additives market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of polyolesters for bio based lubricants and lubricant additives market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the polyolesters for bio based lubricants and lubricant additives market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players  

Various innovations towards the rising use of bio-based lubricants is expected to boost the market. For instance, soy monomer of Dow Chemical are processed into a soy polyol, which is suitable for chemical transformation for its application as lubricants. Major players for polyolesters for bio based lubricants and lubricant additives market include Dowpol Corporation, Oleon NV, Ecogreen Oleochemicals (Singapore) Pte Ltd., and NOF Corporation among others.

Global Polyolesters For Bio-based Lubricants and Lubricant Additives Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.