GLOBAL AUTOMOTIVE BIO-LUBRICANTS MARKET

INTRODUCTION

Lubricants perform as anti-friction media. They facilitate smooth operations, maintain reliable machine functions, and reduce the risks of frequent failures.

At present, the increasing prices of crude oil, the depletion of crude oil reserves in the world, and global concern in protecting the environment from pollution have renewed interest in developing and using environment-friendly lubricants derived from alternative sources.

Producing bio-lubricants is suitable for alternative energy applications because of their widespread sources. The types of bio-lubricant feedstock may differ from country to country and highly depend on geographical locations. Bio-lubricants are made from different crop oils.

More than three hundreds of oil-bearing crops are known ,among which, only palm, soybean, sunflower, coconut, safflower ,rapeseed, cottonseed, and peanut oils are considered as potential alternative bio-lubricants.

Palm oil is the main feedstock for bio-lubricants and biodiesel in Malaysia. Moreover, other non-edible oils such as jatropha, neem, and karanja have received worldwide interest

Industry players are collaborating with each other for research and development, strengthening global presence, and technological innovation. The greater need to cater to growing customer requirements has encouraged industry participants to leverage new technologies for the development of high-quality products.

Rising consumer awareness regarding the environment and depleting crude oil reserves are driving the bio-lubricant industry towards growth. Governments have increased their spending on R&D due to which product innovation has increased, thus generating demand for the bio-lubricants in the industry over the conventional lubricants.

GLOBAL AUTOMOTIVE BIO-LUBRICANTS MARKET SIZE AND FORECAST

The Global automotive bio-lubricants market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

RECENT DEVELOPMENT AND INNOVATION

SERVO -With the automobile sector displaying encouraging growth, the lubricant market, too is buoyant. However increased competition and a volatile international market have strained the margins.

Although grease and oil may appear to be generic products – with certain limited properties and applications – the reality is vastly different.

The universe of these applications is so huge and diverse thatSERVOalone has over 5300 formulations with about 1600 grades of lubricants being marketed in the country.

In fact, this massive range of world-class lubricants makesSERVOthe ideal choice for use in any industry,

COMPANY PROFILE

• GOOIL
• MAGNA COOL
• EMTEX
• PANAMA
• VELVEX

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many automotive bio-lubricants are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global automotive bio-lubricants and key vendor selection criteria
3. Where is the automotive bio-lubricants manufactured? What is the average margin per unit?
4. Market share of Global automotive bio-lubricants market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global automotive bio-lubricants in-house
6. key predictions for next 5 years in Global automotive bio-lubricants market
7. Average B-2-B automotive bio-lubricants market price in all segments
8. Latest trends in automotive bio-lubricants market, by every market segment
9. The market size (both volume and value) of the automotive bio-lubricants market in 2023-2030 and every year in between?
10. Production breakup of automotive bio-lubricants market, by suppliers and their OEM relationship