According to the new market research report “Global Biodegradable Lubricants Market Report 2024-2030”, published by QYResearch, the global Biodegradable Lubricants market size is projected to reach USD 1.14 billion by 2030, at a CAGR of 3.2% during the forecast period.
Figure. Global Biodegradable Lubricants Market Size (US$ Million), 2019-2030
Biodegradable lubricants, also known as environmentally friendly lubricants or eco-lubricants, are lubricants that are designed to minimize environmental impact during their use and disposal. These lubricants are formulated using biodegradable base oils and additives that break down naturally in the environment over time, reducing their persistence and potential harm to ecosystems.
Figure. Global Biodegradable Lubricants Top 13 Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
According to QYResearch Top Players Research Center, the global key manufacturers of Biodegradable Lubricants include Fuchs, Shell, ExxonMobil, TotalEnergies, BP, Chevron, Valvoline, Environmental Lubricants Manufacturing, CONDAT, Quaker Houghton, etc. In 2023, the global top five players had a share approximately 48.0% in terms of revenue.
About The Authors
| Jiquan Zhai - Lead Author |
| Email: zhaijiquan@qyresearch.com |
| Tel: 17319264309 |
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 17 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.