Bio-Lubricants Market 2022 Trends, Growth Opportunities, Industry Revenue and Business Analysis by Forecast – 2030
Bio-Lubricants Market Bio lubricants have gained widespread acceptability among end users. The global bio-lubricants market is estimated to reach USD 3.50 Bn at a CAGR of 7.2% over the forecast period of 2016–2022, affirms Market Research Future (MRFR) in a detailed study. Regulatory norms in developed countries are more restrictive of the use of petroleum-based lubricants. Regulatory mandates in various countries are encouraging the use of biodegradable and renewable sources of raw materials which induce greater demand within the global lubricants market. Competitive Landscape Royal Dutch Shell PLC, Total S.A, Castrol, Albemarle Corporation, Exxon Mobil, Panolin AG, Chevron Corporation, Kluber Lubrication München Se & Co, Emery Oleochemicals, and Binol Bio Lubricants are the key players in the global bio-lubricants market. Get a Free Sample PDF Brochure @ https://www.marketresearchfuture.com/sample_request/2010 Additionally, volatile in the price of crude oil subjects petroleum-