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 The global market for bio-lubricants - everything from motor oil
to mechanical greases - is expected to top $2.6 billion by 2020,
according to a new market research study. So-called green lubricants are
fast gaining in popularity because of their biodegradability, constant
viscosity, lower emissions, and high flash point. The top raw material
for these lubricants is vegetable oil,
such as palm oil and castor oil, with demand exceeding 450,000 metric
tons last year. However, the high cost to produce compared with
conventional synthetic lubricants and a limited application scope are
expected to hold back growth in the near term.
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Re: Bio-lubricants to Top $2.6 Billion
