Lucintel's latest study found that, the future of the global biodegradable grease market looks promising with opportunities in the motor vehicle and non-motor vehicle markets. The global biodegradable grease market is expected to reach an estimated $4 billion by 2030 with a CAGR of 4.3% from 2024 to 2030. The major drivers for this market are rising acceptance of biochemicals as environmentally friendly alternatives, increased demand for cars to have better fuel economy, and growth in government legislation and initiatives.
In this market, synthetic grease, mineral oil-based grease, and
vegetable-based grease are the major segments of biodegradable grease market by
type.
Lucintel forecasts that vegetable-based grease will remain the largest
segment over the forecast period due to its high lubricity, low toxicity, and
high biodegradability.
Browse in depth TOC of the Biodegradable Grease Market:
100 - Figures
150-Pages
Biodegradable Grease Market is marked by presence of several big and
small players. Shell, Bechem, Fuchs, Kluber, ITW Spraytec, Condat, Cortec, SKF,
Seteral Chemie, and Unil Lubricants are the major suppliers in the
biodegradable grease market.
This unique research report will enable you
to make confident business decisions in this globally competitive marketplace. For
a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on
this link helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
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consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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