Environmental Concerns Stemming from Use of Petroleum-Based Lubricants to Augment Demand for Polyolesters Globally, Says Tmr

Transparency Market

Research

Polyolesters for Bio-based Lubricants and Lubricant

Additives Market - Global Industry Analysis, Size,

Share, Growth, Trends and Forecast 2015 - 2023

Published Date

28-April-2016

184 Page Report

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Environmental Concerns Stemming from Use of Petroleumbased Lubricants to Augment Demand for Polyolesters

Globally, says TMR

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Polyolesters for Bio-based Lubricants

and Lubricant Additives Market

REPORT DESCRIPTION

Polyolesters for Bio-based Lubricants and Lubricant Additives Market - Global Industry Analysis, Size,

Share, Growth, Trends and Forecast 2015 - 2023

In the moderately consolidated market for polyolesters for bio-based lubricants and lubricant additives, the top

four companies collectively held nearly 45% of the global market in 2014. Small- and medium-sized regional

players accounting for the remainder of the market in that year, finds Transparency Market Research (TMR) in

a new study.

With several small- and medium-scale competitors holding leading positions across regional territories,

consolidations with specialty products manufacturers seem to be the most practical approach for sustained

growth for large companies, TMR points. More focus on developing markets, strengthening distribution

channels, and developing customized products can also help large companies gain prominence in the market.

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Environmental Concerns Stemming from Adverse Effects of Petroleum-based Products to Work in

Favor of Polyolesters

Plant- and bio-based polyolesters rate significantly better on the environment friendliness scale as compared to

conventional petroleum-based lubricants and lubricant additives. Rising environmental awareness...