Biolubricants Market in the US 2018-2022

The biolubricants market size in the US will grow by 67.79 thousand metric tons during 2018-2022. This industry research report provides a detailed analysis of the market based on product (plant-based and animal-based) and end-users (transportation and industrial). The report analyzes the market’s competitive landscape and offers information on several biolubricants companies in the US including BP, Chevron, Exxon Mobil, FUCHS, Shell International, and Total.

Below are some of the key findings from this biolubricants market in the US analysis report:

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Global biolubricants market in the US overview

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.

Top biolubricants companies in the US covered in this report

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:

• BP
• Chevron
• Exxon Mobil
• FUCHS
• Shell International
• Total

 Biolubricants market in the US segmentation based on product

• Plant-based
• Animal-based

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.

Biolubricants market in the US segmentation based on end-user

• Transportation
• Industrial

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.

Key highlights of the biolubricants market in the US for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the biolubricants market in the US during the next five years
• Precise estimation of the biolubricants market size in the US and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on factors that will challenge the growth of biolubricants companies in the US

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