Market Insights and Analysis: Europe Bio-based Lubricants Market Overview and Projections (2023-2028)

The Europe Bio-based Lubricants Market size is valued at around USD 283 Million in 2024 and is projected to grow at a CAGR of around 5.8% during the forecast period, i.e., 2023-28.

Top leading companies in the Europe Bio-based Lubricants Market includes:

Shell, BP, Chevron Corporation, Exxon Mobil, Castrol Limited, Fuchs SE, Total Energies, Kluber Lubrication, Biosynthetic Technology, RSc Bioscience, Others

Industry Recent Development:

• 2022: ExxonMobil increased its focus on biofuels to reduce greenhouse gas emissions in the transportation sector. They acquired a 49.9% stake in Biojet AS, a Norwegian biofuels company specializing in converting forestry & wood-based construction waste into lower-emissions biofuels & biofuel components like diesel, lubricants, etc.
• 2022: Castrol launched, BioTac MP2, a multi-purpose extreme pressure grease for exposed deck applications such as low-speed bearings & wire ropes.

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Report Segmentation:

The market is categorized into the following segments in the report:

By Oil Type

-Vegetable Oil

--Canola-

--Rapeseed-

--Sunflower-

--Soybean-

--Others (Palm, Coconut Oil, etc.) -

-Animal Fat-based

• Vegetable oils dominated the Bio-based Lubricants Market due to their higher production volumes, availability, and thermal stability.

By Application

-Hydraulic Fluids

-Metalworking Fluids

-Chainsaw Oils

-Mold Release Agents

-Two-cycle Engine Oils

-Others (Gear Oil, Greases, etc.)

By End-User

-Industrial

--Marine

--Mining

--Energy

--Automotive

--Others (Textile, Medical, etc.)

-Transport

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Europe Bio-based Lubricants Market Geographic Reach:

The Geographic Reach of the Europe Bio-based Lubricants Market evaluates the spread and significance of Europe Bio-based Lubricants Market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.

• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

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