North American Biolubricants Market to Reach 243,327 Tonnes by 2017, According to a New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive North American and European report on Biolubricants market. North American biolubricants market is forecast to reach 243,327 tonnes by the year 2017, spurred by legislative initiatives, sustained demand from hydraulic fluids market and growth potential of product types, bio 2 cycle engine oils, greases and concrete release agents in the long-term. Currently, biolubricants usage is primarily restricted to developed markets of North America and Europe, with lack of awareness and high pricing posing major hurdles to widespread appeal and usage in other parts of the world. In the future, increasing environmental concerns and emphasis on shift from non-biodegradable lubricants to the environmentally safe and ‘green’ biolubricants will drive high-powered growth.

Biolubricants: A North American and European Market Report

The biolubricants market currently constitutes only a small portion of the worldwide lubricant market. Widespread usage of biolubricants is currently limited on account of its high pricing, estimated to be atleast 2-3 times more expensive than the standard lubricant. Future growth in different markets worldwide will be a gradual process based on slow replacement and specific legislative norms of each country. Industrial lubricants primarily comprise of non-biodegradable materials including petroleum derivatives or synthetic oils. Biodegradable lubricants, generally based on vegetable oils, represent a new technological trend in the lubricants industry. These lubricants are being increasingly preferred over conventional lubricants. Although petroleum-based lubricants are less expensive, offer high degree of stability and are universally accepted, they are non-biodegradable, and tainted with environmental hazards. Since petrochemical derivatives used as lubricants are non-environmentally friendly, there is a need to develop lubricants that are high on performance, biodegradable, as well as non-toxic. Consequently, environment friendly lubricants, based on vegetable, mineral, re-refined or synthetic, also called “biolubricants” were developed and increasingly being brought into vogue in North America and parts of Europe. The increasing number of automobiles and the growing need for oil change remain some of the main growth drivers.

Economic, regulatory and political issues are rewriting the demand and supply dynamics of the worldwide lubricants and related markets. Though the volume growth is moderate, modernization in manufacturing machinery and increase in motor vehicle fleet calls for superior quality lubricants. The developed markets have moved into the maturity stage, setting the demand parameter stagnant or declining. With respect to the biolubricants market in Europe, legislations differ from country-to-country with several markets still outside the ambit of conclusive regulatory standards. On the whole however, European Ecolabel for Lubricants (EEL) frames the definition for “biolubricants” along with the recommendation on policy for introduction of eco-friendly lubricants. Legislative initiatives in the US mandate that government authorities prioritize purchase of bio-based products over harmful petroleum-based products. In accordance, the US federal agencies over the years developed product definitions and lists, categorized under ‘BioPreferred products’. The US federal government is an extremely important purchaser and user of fluids and lubricants. It is expected that once the BioPreferred program is completely integrated, there would be huge demand for biolubricants and related products.

Labeling the lubricants market as “recession-proof” in totality, would be untenable as different segments of the market suffered repercussions of varying degrees due to the global financial meltdown. On the one hand, transportation engine oil segment, witnessed only a marginal impact on demand as there are large number of motor vehicles that must be maintained, while on the other hand, lubricants used in manufacturing processes and automotive sector such as metalworking fluids suffered a more serious jolt with overall manufacturing sector coming to a standstill during 2008. Dismal demand in the automotive and manufacturing sectors spelt a difficult period for the lubricants market.

North America and Europe represent two of the largest markets worldwide, as stated by the new research report on Biolubricants. Rapid initiatives and national level legislations are in vogue in European countries of France, Portugal, Germany, Austria, Switzerland and Sweden. Increasing activity in the manufacturing and auto industries is a major growth impetus for the industrial lubes market, translating into higher demand for segments and applications. The Hydraulic Fluids segment constitutes the most important product line in both the regions. Environmental regulations and fiscal incentives drive the market, with strong growth indications for the hydraulic fluids and cutting oil segments. The Bio 2 Cycle Engine Oils segment is poised to deliver robust growth of more than 12% through 2017 in the North American biolubricants market.

Key market participants profiled in the report include BP Plc, BP Lubricants USA, Inc., Chevron Corporation, Cargill, Incorporated., ExxonMobil Corporation, Esso S.A.F, Eurol BV., Fuchs Petrolub AG, Henkel Corporation, KAJO Chemie GmbH, Miller Oils Ltd., Falcon Lubricants Ltd, Neatsfoot Oil Refineries Corporation, Panolin AG, Renewable Lubricants Inc., Royal Dutch Shell Plc., SOPUS Products, Suncor Energy Inc., Statoil Lubricants, Total S.A., Valvoline and Welch Holme & Clark Co., Inc.    

The research report titled “Biolubricants: A North American and European Market Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of industry overview, market drivers, trends & issues, biodegradable lubricants, segment analysis, regulatory environment, product innovations, recent industry activity and profiles of market players worldwide. Analysis and overview is provided in both volume (tonnes) and value (US$) terms for major geographic markets such as North America and Europe. Market analytics for the North American market are provided for product segments including Bio 2 Cycle Engine Oils, Chainsaw Oil, Concrete Release Agents, Gear Oils, Greases, Hydraulic Fluids and Metal Working Fluids. The study also presents historic data for an insight into market evolution over the period 2003 through 2008.

For more details about this comprehensive market research report, please visit –

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
E-mail: press(at)StrategyR(dot)com
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