Biolubricants Market Trends, Demand, Production, Analysis And Forecast To 2024 : Grand View Research Inc.
San Francisco, 9 April 2019: The Report Biolubricants Market Analysis By Raw Material (Vegetable & Animal Oil), By Application (Automotive (Automotive Engine Oils, Gear Oils, Hydraulic Oils, Transmission Fluids, Greases, Chainsaw Oils), Industrial (Process Oils, Demolding Oils, Industrial Gear Oils, Industrial Greases, Metal Working Fluids)), By End-Use (Industrial, Commercial Transportation, Consumer Automotive) Segment Forecasts To 2024 The global Biolubricants is expected to reach USD 2.92 billion by 2024, according to a new report by Grand View Research, Inc. Increasing passenger car sales in emerging economies is one of the major drivers of industry expansion in recent years. The favorable regulatory framework is expected to encourage the production & consumption of bio-based lubricants over the forecast period. The U.S. EPA has implemented regulations that require all marine vessels to obtain the mandatory Vessel General Permit (VGP) for plying in the U.S. waters