Transparency
Market Research Reports incorporated a definite business overview and
investigation inclines on "Biodegradable Lubes Market".
This report likewise incorporates more illumination about fundamental
review of the business including definitions, requisitions and
worldwide business sector industry structure.
Biodegradable
lubes or lubricants are solutions or substances which are used to
reduce friction between moving surfaces. They also serve the purpose
of transporting foreign particles. These lubricants are formulated to
degrade when released in the environment and are mostly used in
applications as an alternative to other hazardous lubricants posing
threat to environment. Different biodegradable lubes such as
vegetable oils, water soluble polyglycols, and polyolester are used
in the industry in automotive, ships, coastal areas, household and
other environmental sensitive applications.
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The
market for biodegradable lubes has been gaining significant
importance owing to increasing popularity of bio-chemicals as
pro-environmental solutions. In addition, various initiatives and
legislations by government regulatory bodies for producing
biodegradable lubes is expected to aid the growth of the market.
Although North America accounted for the largest market share for
biodegradable lubes, future growth is expected from emerging regions
such as Asia Pacific, Africa and Latin America on account of rapid
industrialization and rising car ownership rates.
Factors
such as growing importance of environmental friendly lubricants due
to growing concerns of synthetic lubricants is expected to escalate
the demand for biodegradable lubes market. Other factors such as,
growth of the automotive industry are also expected to fuel the
demand for biodegradable lubes with the increasing use of bio-based
lubricants in engine oils, process oils and hydraulic oils. However,
as biodegradable lubricants are more expensive than conventionally
used lubricants, the market has been witnessing a moderate growth.
Increase in R&D activities for developing new innovative products
is expected to provide new opportunities for the growth of the
market.
Binol
Biolubricants, British Petroleum PLC, Exxon Mobil Corporation, Royal
Dutch Shell PLC, Statoil Lubricants, The Lubrizol Corporation, Total
S.A., and UBL are some of the key manufacturers for biodegradable
lubricants dominating the market.
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The
global uranium industry is highly concentrated as very few players
are operating in relatively few countries. Russia’s Rosatom and
Kazakhstan’s Kazatomprom have entered into a joint venture to
dominate the uranium market. Some of the key participants in the
market are Cameco Corp., African Energy Resources Ltd, Energy
Resources of Australia Ltd, American Uranium Corp. Inc., National
Atomic Company Kazatomprom, China National Nuclear Corp., Gulf Mines
Ltd., and JOGMEC.
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Market Research is a market intelligence company providing global
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