Polyolesters for Bio-based Lubricants and Lubricant Additives Market Projected to Reach US$735.9 mn by 2023

MarketResearchReports.biz has recently announced the addition of a market study “ Polyolesters for Bio-based Lubricants and Lubricant Additives Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023 ”, is acomparative analysis of the global market.

Polyolester lubricants (POE) are oils that possess the ability to operate at a wide temperature range (-75 F to 600 F). These lubricants demonstrate various properties such as low volatility, good oxidative stability, and high solvency and dispersibility. This makes POE suitable for usage in a wide range of applications. Furthermore, the inclusion of bio-based raw materials makes these lubricants less harmful environmentally vis-à-vis the existing synthetic lubricants. The wide temperature range stability and capability of performing same over extreme conditions makes polyolester bio-based lubricants suitable for applications in automotive, aviation, and refrigeration industries. Rising demand for lubricants in these industries is likely to drive the polyolesters market for bio-based lubricants & lubricant additives in the next few years. However, availability of comparatively lower-cost synthetic substitutes and high costs associated with the production of polyolesters bio-based lubricants are anticipated to hamper market growth during the forecast period. Increase in research & development activities for new polyolester bio-based lubricants and commercialization of the existing polyolester bio-based lubricants for usage in conventional industries are estimated to act as major opportunities in the near future.

This report analyzes and forecasts the polyolesters for bio-based lubricants & lubricant additives market at the global and regional level. The market has been forecast based on volume (kilo tons) and revenue (US$ Mn) from 2015 to 2023, considering 2014 as the base year. The study includes drivers and restraints of the global polyolesters for bio-based lubricants & lubricant additives market. It also covers impact of these drivers and restraints on demand for polyolesters for bio-based lubricants & lubricant additives during the forecast period. The report highlights opportunities in the market at the global and regional level.

The report includes detailed value chain analysis, which provides a comprehensive view of the global polyolesters for bio-based lubricants & lubricant additives market. Porter’s Five Forces model for the polyolesters for bio-based lubricants & lubricant additives market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein applications are benchmarked based on their market size, growth rate, and general attractiveness.

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The study provides a decisive view of the global polyolesters for bio-based lubricants & lubricant additives market by segmenting it in terms of products such as neopentyl glycols based, trimethylolpropanes based, pentaerythritols based, and others (dipentaerythritols, etc.) and applications such as automotive lubricants, aviation oil, biodegradable and fire-resistant hydraulic fluids, refrigerant oil, metalworking oil, compressor oil, and others (greases, industrial gear, transformer oil, etc.). These segments have been analyzed based on the present and future trends. Regional segmentation includes current and forecast demand for polyolesters for bio-based lubricants & lubricant additives in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers demand for individual products and applications in all the regions.

The report provides the estimated market size of polyolesters for bio-based lubricants & lubricant additives for 2015 and forecast for the next eight years. Market numbers have been estimated based on key products and applications of polyolesters. Market size and forecast for products and applications have been provided in terms of global, regional, and country level markets.