The “Global Bio-Lubricants Market – Segmented by Product Type, End-user Industry, and Geography – Growth, Trends, and Forecast (2018 – 2023)” report has been added to ResearchAndMarkets.com’s offering.
The bio-lubricants market is expected to register moderately high growth during the forecast period.
Increasing Regulations Across the Globe to Drive the Demand
The Food, Conservation and Energy Act of 2008, the Farm Security and Rural Investment Act of 2002, Presidential Executive Order #13423, and the Federal Acquisition Regulations (FAR) support the usage of bio-based lubricants. These legislations require government agencies to purchase bio-based lubricants instead of petroleum-based lubricants. This highlights the importance of considering food grade lubricants for industrial and machinery lubrication.
Increasing environmental regulations, such as the Vessel General Permit (VGP) in developed nations (like the United States and European countries), coupled with new and upcoming R&D firms, are expected to boost the bio-lubricants market during the forecast period.
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- Hydraulic Fluids to Dominate the Market
- North America & Europe to Lead the Market
Key Topics Covered
3. Market Insights
4. Market Dynamics
5. Market Segmentation & Analysis
6. Regional Market Analysis
7. Competitive Landscape
8. Company Profiles
- Axel Christiernsson
- BP PLC
- Chevron Corp.
- Cortec Corporation
- Klber Lubrication
- Novvi LLC
- Panolin AG
- Renewable Lubricants Inc.
- Royal Dutch Shell
- Smart Earth Lubricants
- United Bio Lube
For more information about this report visit https://www.researchandmarkets.com/research/2bs2b4/global?w=4