Increasing Industrial Application of Bio-lubricants Expected to Spur Global Market Growth
Research Insights: The increasing depletion of the global crude oil reserves, escalating crude oil prices, and several issues pertaining to its conservation have urged industries to focus on the production of bio‐based lubricants and oils. Bio-lubricants are highly renewable, biodegradable, non-toxic, and eco-friendly industrial fluids that are made from natural oils and fats to serve various non‐edible purposes. Typically, bio-lubricants are extracted from bio-based materials, including sunflower seeds, rapeseed, animal fats, and various other materials. As engineering fluids, bio-lubricants are extensively used in heavy machineries, such as chainsaw bars, railroad flanges, two-stroke engines, mold release agents, hydraulic fluids, automotive engines, gear oils, two-cycle engine oils, greases, etc. Bio-lubricants are derived from two primary sources, including vegetable oils and animal fats, which have excellent lubricating properties and biodegradability. Thus, in comparison to...