Biolubricants and Metalworking Fluids Global Market
Emergent regulatory impacts on lubricants offer the potential for increasing the consumption of biolubricants over the coming decade. Regulatory actions from the United States have already specified a minimum renewable content for a range of product categories. Chemical registration policies in the European Union and China would also play a crucial role in incentivizing greater adoption of biolubricants. Legislation related to emissions and the constantly increasing oil change intervals that reduce unit volumes could be viewed as challenges and restraints for the biolubricants market. While the historic price levels of refined vegetable oils have been considerably higher compared to traditional petroleum base stocks, recent years have witnessed a narrowing of the price differential. This trend augurs well for the future, when price increases in petroleum base oils would become a significant driver that would increase the cost competitiveness of vegetable-based base oils in the formulation of lubricants. This report from Marketresearch reviews, analyses and projects the biolubricants market for global and the regional markets including North America, Europe, Asia-Pacific and Rest of World. 451 pages and 347 charts.