글로벌 바이오 윤활제 시장 – 2031년까지의 산업 동향 및 예측

생물 윤활제 시장 분석 및 규모

생물 윤활제 시장은 친환경적 추세에 의해 주도되는 성장을 보여줍니다. 발전에는 식물성 오일을 사용한 생분해성 제형이 포함되어 환경 영향을 줄입니다. 최신 방법은 자동차 및 산업 응용 분야에서 향상된 성능을 위해 나노 기술을 통합합니다. 기술은 점도와 열 안정성을 개선하는 데 중점을 둡니다. 시장 성장은 지속 가능한 윤활 솔루션을 선호하는 엄격한 환경 규정에 의해 촉진됩니다.

글로벌 바이오 윤활제 시장 규모는 2023년에 32억 6천만 달러로 평가되었으며, 2031년까지 52억 4천만 달러에 도달할 것으로 예상되며, 2024년에서 2031년까지의 예측 기간 동안 CAGR은 6.10%입니다. Data Bridge Market Research에서 큐레이팅한 시장 보고서에는 시장 가치, 성장률, 세분화, 지리적 범위, 주요 업체와 같은 시장 시나리오에 대한 통찰력 외에도 심층적인 전문가 분석, 지리적으로 표현된 회사별 생산 및 용량, 유통업체 및 파트너의 네트워크 레이아웃, 자세하고 업데이트된 가격 추세 분석, 공급망 및 수요의 적자 분석이 포함됩니다.

보고 범위 및 시장 세분화

Market Definition

Bio-lubricants are lubricants derived from renewable sources such as vegetable oils or animal fats. They offer eco-friendly alternatives to conventional lubricants, reducing environmental impact and enhancing biodegradability. Bio-lubricants are used in various applications, including automotive, industrial, and marine sectors, where their biodegradability and lubricating properties contribute to sustainability efforts and regulatory compliance.

Bio-Lubricant Market Dynamics

Drivers

• Rising Demand for Sustainable Solutions

The rising demand for sustainable solutions is propelling the bio-lubricant market forward. Increasing consumer and business awareness of environmental sustainability has heightened interest in bio-lubricants. These products are favored for their biodegradability and lower toxicity, contrasting sharply with conventional lubricants. For instance, industries such as automotive and marine are increasingly adopting bio-lubricants to align with stringent environmental regulations and meet corporate sustainability goals, thereby driving market growth.

• Shift Towards Renewable Resources

The global shift towards renewable resources, driven by climate change concerns and the finite nature of fossil fuels, is catalyzing investment and innovation in bio-lubricant production technologies. For instance, companies are increasingly investing in research to improve the performance and scalability of bio-lubricants derived from sustainable sources such as plant oils and animal fats. This shift is not only meeting regulatory demands but also aligning with consumer preferences for environmentally friendly products.

Opportunities

• Advancements in Technology

Technological advancements in bio-lubricants have created significant market opportunities by enhancing their performance and applicability across industries. For instance, developments in biopolymer chemistry have led to bio-lubricants that match or exceed the lubricity and stability of synthetic and mineral oils. This breakthrough has spurred adoption in high-performance applications such as automotive engines and industrial machinery, where durability and environmental sustainability are paramount.

• Government Support and Incentives

Government support and incentives for bio-lubricants create significant market opportunities by reducing financial barriers and incentivizing adoption. For instance, the European Union's Renewable Energy Directive promotes bio-based products to achieve climate targets. In the US, the BioPreferred Program offers procurement preference to bio-based lubricants, boosting market demand. These initiatives not only foster innovation and investment in sustainable technologies but also enhance market competitiveness and environmental stewardship.

 Restraints/Challenges

• Limited Feedstock Availability

Limited feedstock availability, influenced by agricultural cycles, climate variability, and competition from food production, poses a significant challenge to the bio-lubricant market. Fluctuations in supply hinder scalability and stability, impacting manufacturers' ability to maintain consistent production levels. This volatility adds complexity to supply chain management and increases uncertainty in meeting market demands for bio-lubricants.

• Compatibility and Stability Issues

Bio-lubricants face challenges with compatibility and stability, particularly concerning existing materials and equipment, including seals and gaskets in high-performance applications. Ensuring broad compatibility across diverse machinery and conditions remains a significant technical hurdle. These issues hinder market acceptance and widespread adoption, requiring careful consideration and adaptation in industrial settings to mitigate potential operational disruptions and limitations.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In April 2023, Exxon Mobil announced a $110 million investment to build a lubricants production facility in India, slated to start operations by late 2025. With a capacity of up to 159 million liters annually, the facility aims to meet growing domestic demand across manufacturing, steel, power, mining, construction, and automotive sectors
• In November 2022, Shell plc's subsidiaries in Switzerland, the UK, the US, and Sweden acquired Panolin Group's environmentally considerate lubricants (ECLs) business. This acquisition enhances Shell's portfolio with biodegradable lubricant offerings
• In July 2022, Chevron Corporation launched a new synthetic grease made from biodegradable synthetic esters. Complying with EPA's 2013 Vessel General Permit (VGP), the grease meets stringent environmental regulations for marine and land applications in forestry, agriculture, and construction
• In February 2022, BP acquired a 30% stake in Green Biofuels Ltd, focusing on renewable hydrogenated vegetable oil (HVO) fuels. This collaboration aims to decarbonize industries including construction, freight, off-road vehicles, and maritime operations, offering a sustainable alternative to diesel

Bio-Lubricant Market Scope

The market is segmented on the basis of raw material, application and end user industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Raw Material

• Plant Oil
• Animal Oil
• Others

 Application

• Hydraulic Oil
• Metal Working Fluids
• Penetrating Oils
• Grease
• Transformer Oil
• Crankcase Oils Engine Oils
• Elevator Hydraulic Fluid
• Bar and Chain Oil
• Firearm Lubricant
• Others

 End User Industry

• Power Generation
• Automotive and Other Transportation
• Heavy Equipment
• Food and Beverage
• Metallurgy and Metalworking
• Chemical Manufacturing
• Other End-user Industries

Bio-Lubricant Market Regional Analysis/Insights

The market is analyzed and market size insights and trends are provided by raw material, application and end user industry as referenced above.

The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America is expected to dominate the bio-lubricant market due to increasing demand for renewable lubricants in defense equipment. This region leads with robust adoption of sustainable practices, driving growth in bio-lubricants used extensively across military applications, reflecting a pivotal shift towards eco-friendly alternatives in critical sectors.

Asia-Pacific is expected to show significant growth in the bio-lubricant market due to increasing demand across diverse industries, heightened research and development activities, supportive government investment policies promoting industrial growth, robust economic expansion in emerging economies, ample raw material availability, and rising investments by both public and private sectors in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Bio-Lubricant Market Share Analysis

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

Some of the major players operating in the market are:

• Shell plc (네덜란드)
• BP plc (영국)
• 쉐브론 코퍼레이션(미국)
• 엑손모빌 코퍼레이션(미국)
• FUCHS(독일)
• TotalEnergies(프랑스)
• Magna International Pte Ltd. (캐나다)
• 폴녹스 코퍼레이션(미국)
• KLÜBER LUBRICATION INDIA Pvt. Ltd. (인도)
• 생합성 기술(미국)
• Carl Bechem Lubricants India Private Limited(인도)
• CITGO Petroleum Corporation(미국)
• ROCOL(영국)
• RSC 바이오 솔루션(미국)
• 알베마를 코퍼레이션(미국)
• Emery Oleochemicals (말레이시아)
• PANOLIN Distribution AG(스위스)

SKU-23680