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Below are some of the key findings from this biolubricants market in the US analysis report:
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
The need to reduce dependence on crude oil is a critical factor driving the biolubricants market in the US. The fluctuations in the price of crude oil lead to volatility in the price of synthetic lubricants. Therefore, plant-based products such as soybean, rapeseed, and canola are being used for producing biolubricants. Moreover, other factors such as high-performance, non-toxicity, and biodegradability of biolubricants are contributing to preference for these over crude oil-based lubricants.
The rise in demand from the defense industry is a key trend that will positively impact the biolubricants market in the US. The defense sector of the US is increasingly using biolubricants, as they offer environmental benefits and have low carbon content. Moreover, regulatory agencies and the Department of Defense and Air Force have tested and approved biolubricants for use in non-tactical ground vehicles. Thus, the reduction in crude oil dependence coupled with the rise in demand from the defense industry are factors that will drive the biolubricants market at a CAGR of close to 7% during the forecast period.
The biolubricants market in the US is highly fragmented. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this biolubricants market in the US analysis report will help clients identify and design new growth strategies.
The report offers a detailed analysis of several leading biolubricants companies in the US including:
The largest product segment of the biolubricants market in the US in 2017 was plant-based biolubricants. The market share of this segment will increase further, and it will continue to dominate the market throughout the next five years.
The transportation accounted for the largest biolubricants market share in the US in 2017. This segment will witness an increase in its market share and remain the market leader over the next five years.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY PRODUCT
PART 08: CUSTOMER LANDSCAPE
PART 09: MARKET SEGMENTATION BY END-USER
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
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