The Bio-lubricants Market is estimated to grow at a CAGR of 6.9% during the forecast period of 2018-2023

Bio-lubricants are also known as bio-lubes as these are non-toxic and biodegradable in nature. These are produced by using several raw materials such as palm oil, coconut oil and others. Bio-lubricants are used in a variety of applications because of their eco-friendly nature and these can easily be dispose into the external environment. The Bio-lubricants Market is estimated to grow at a CAGR of 6.9% during the forecast period of 2018-2023. The Bio-lubricants market is segmented by oil type, raw materials, application, end users and geography. 

Some of the key players in the Bio-lubricants Market are Cargill, Royal Dutch Shell Plc Total S.A., Exxon Mobil Corporation, Chevron Corporation and others.

Cargill headquartered in Minnesota, United States is one of the key marketers and originators of feed and food grains. Cargill connects the farmers to the markets and provides sustainable nutrition solutions to the customers and thus nourishes the world. The company is committed to help the world flourish. The company deals in wheat, sorghum, barley, millets, pulses and rice. Cargill provides various products and services in the field of grain and oil seeds, animal nutrition, bio industrial, oil fats and foods and metals. The company connects the users and producers of oilseeds and grains, worldwide. The company has a global presence in terms of shipping and processing, grain origination and it offers a broad range of services as well as solutions, for risks management to the farmers.

ExxonMobil Chemical (U.S), another significant player in the Bio-lubricantsmarket, is one of the largest traded international Oil and Gas Company. The company sold 25.4 million tonnes of chemical products in 2017. ExxonMobil Chemical offers automotive lubricants, industrial lubricants and others. The solutions provided by the company help to protect and promote products even in highly demanding conditions like freezers. The company provides variety of solutions for lubricants such as automotive lubricants, industrial lubricants and special service lubricants. The industrial service lubricants offered by ExxonMobil Chemical provide several benefits like,these improve volatility and also oxidative and thermal stability.

Royal Dutch Shell Plc. is headquartered in The Hague, Netherlands. It is one of the key players in the Biolobricants Market. The company was acquired by Andeavor on 29th Jan, 2007. Shell Lubricants offers top formulations to vehicles, and this is making them one of the leading companies in the Bio-lubricantsMarket. The company offers different products such as Shell GADUS-Grease which help to reduce the operation cost and increases the efficiency of their operating system.

Total S.A is the 4th largest international oil and gas company headquartered in Courbevoie, France. The company offers different mineral-based lubricants that are of high performance for all kinds of mining equipment. These are hydraulic oil, transmission oil, greases, gear oil, coolants and engine oil. These lubricants not only protect the mining equipment in severe conditions,but also meet the OEM requirement.

Some of the upcoming startups of the Bio-lubricants Market are LubriGreen Biosynthetics, Irvine, California and Performance Biolubes, Cedar Falls, Indiana.

The increasing consumption of Bio-lubricants in the Asia Pacific region is likely to propel the Bio-lubricantsMarket, globally. Also with the increasing demand for Bio-lubricants, different companies are focusing on various alternatives and efficient method for the production of Bio-lubricants.

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