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Through research and analysis, Kline + Company, predicts double digit growth in the global biolubricant market over the next 10 years. In their recently published study, Bio-Lubricants: Market Research and Analysis,¹ sustainability and environmental concerns are at the heart of this growth, driven by companies both looking to offset their carbon footprint and by government regulation.

The study examines opportunities and challenges in the biolubricants market and discusses how the use of biolubricants is rapidly growing.

“The momentum behind biolubricants is no longer just about environmental responsibility. It’s about performance, innovation and readiness for an evolving regulatory framework,” shares Sharbel Luzuriaga, Industry Manager at Kline + Company. “Suppliers need to move to delivering solutions that meet both ecological and operational demands.”

The biolubricants double-digit growth compared to the broader market will be driven predominantly by additional future legislation, standardization and public procurement activities. Governments worldwide are looking to minimize environmental impact, and regulation will have four times the impact on the biolubricant segment growth compared to carbon reduction.

Biobased lubricants are critical to usages that require high performance and low environmental impact in areas such as fuel economy engine oils in transportation, low viscosity hydraulic fluids in a number of applications like marine or gear oils for the food processing industry. 

These positives are not as impactful as government concern and focus on ecological and conservation policies. As a result, there is sustained demand for hydraulic and transmission fluids (HTF), metalworking fluids (MWFs) and fire-resistant hydraulic fluids in total or partial loss oil applications. Efforts to reduce the carbon footprint through recycled packaging and the use of renewable content are all gaining traction.

As the lubricant industry continues to de-fossilize and prioritize biodegradability and health, safety and environmental criteria, the definition of true sustainability will continue to evolve, challenging manufacturers to remain adaptable and innovative.

REFERENCE
1. https://producthub.klinegroup.com/public/overview/1001253/bio-lubricants-market-analysis-and-opportunities-2025
This article is adapted, by permission, from Kline & Company, Inc. To read the original article, visit www.klinegroup.com.

Sharbel Luzuriaga is Industry Manager at Kline + Company in the Energy practice. You can reach him at Sharbel.Luzuriaga@klinegroup.com. Kline + Company is an international provider of world-class consulting services and high-quality market intelligence for industries including lubricants and chemicals. Learn more at www.klinegroup.com.