New Feature. You can post a deal now, try to post your first deal to help others save money.
OKUpdata
Hey! Thank you so much for your support and quality posts for V Show!
And congratulations on becoming our Vipon Associated Editor.
From now on, in addition to getting 10 points for each post (up to 30 points daily), we will regularly review each of your articles, and each approved article (tagged with Featured label) will be paid an additional $50.
Note: Not all articles you posted will get $50, only those that meet our requirements will be paid, and articles or contents that do not meet the requirements will be removed.
Please continue to produce high quality content for organic likes. Our shoppers love seeing your stories & posts!
Congratulations! Your V SHOW post Planting Tips has become our Featured content, we will pay $50 for this post. Please check on your balance. Please continue to produce high quality original content!
The global biolubricants
market size was valued at USD 3.26 billion in 2023 and is projected to grow
from USD 3.44 billion in 2024 to USD 4.90 billion by 2032, exhibiting a CAGR of
4.7% during the forecast period. Soaring demand for electric vehicles
(EVs) worldwide will create unique opportunities for players in this market,
observes Fortune Business Insights™ in its report, titled “Bio lubricants
Market Size, Share & Covid-19 Impact Analysis, By Application (Hydraulic
Fluids, Metalworking Fluids, Chainsaw Oils, Mold Release Agents, Two-Cycle
Engine Oils, Gear Oils, Greases, and Others), By End-use Industry (Automotive
and Other Transportation, Metalworking, Mining, Forestry, Marine, Engines, and
Others), and Regional Forecast, 2024-2032”. As per recent data and analysis
released by the International Energy Agency (IEA), 2.1 million electric cars
were sold across the globe in 2019, taking the global EV stock to 7.2 million.
Electric car sales, the IEA highlights, accounted for 2.6% of the global car
sales, and even amid the coronavirus pandemic, the IEA predicts that EVs will hold
a 3% share in the overall car sales worldwide in 2020.
Bio-lubricants are expected to play a critical role
in augmenting the eco-friendly quotient of EVs. Bio-based compounds, such as
polyalkylene glycols and saturated esters, have proven to be highly effective
as lubricants, even more so than conventional mineral oil-based lubricants. The
increasing intensity towards achieving sustainable mobility is, therefore,
foreseen to drive the dynamics of this market over the next decade.
Source: https://www.fortunebusinessinsights.com/bio-lubricants-market-104654
In 2019, the report states that the global market
value stood at USD 3,275.7 million. The report also shares the following:
Restraining Factor
Stalled Automotive Production amid COVID-19 to
Hamper Market Growth
The COVID-19 pandemic has led to a severe and
unprecedented downturn in the automotive industry. Lockdowns, social
distancing, and strict government regulations on the movement of people and
materials have forced auto companies to shut down production and sales
operations. For example, in March 2020, the French automotive giant, PSA Group,
announced the closure of a dozen of its plants across Europe. Similarly, Fiat
Chrysler halted production at most of plants in Europe, with temporary shutdown
of its facilities in Serbia, Italy, and Poland.
The demand for vehicles has also had to deal with
multiple shocks across regions as employees swiftly adopted work from home
measures. For example, the Oxford Business Group found that light vehicle
year-on-year sales in China contracted by a historic 79.1% in February, while
in Europe the decline was by 44% in March. The pandemic is, thus, restraining
the bio-lubricants market growth as these materials are extensively used in the
automotive industry and contracting activities of this industry will inevitably
affect markets associated with it.
Regional Insights
North America to Retain Leading Position with
Growing Activities in the Region’s Auto Industry
North America is slated to dominate the
bio-lubricants market share during the forecast period due to the rising
intensity of technological advancements in the region’s automotive industry.
Top carmakers are constantly experimenting with different ecofriendly materials
to increase the sustainability of their products and manufacturing operations.
In 2019, the North America market size stood at USD 1,410.3 million.
The global biolubricants
market size was valued at USD 3.26 billion in 2023 and is projected to grow
from USD 3.44 billion in 2024 to USD 4.90 billion by 2032, exhibiting a CAGR of
4.7% during the forecast period. Soaring demand for electric vehicles
(EVs) worldwide will create unique opportunities for players in this market,
observes Fortune Business Insights™ in its report, titled “Bio lubricants
Market Size, Share & Covid-19 Impact Analysis, By Application (Hydraulic
Fluids, Metalworking Fluids, Chainsaw Oils, Mold Release Agents, Two-Cycle
Engine Oils, Gear Oils, Greases, and Others), By End-use Industry (Automotive
and Other Transportation, Metalworking, Mining, Forestry, Marine, Engines, and
Others), and Regional Forecast, 2024-2032”. As per recent data and analysis
released by the International Energy Agency (IEA), 2.1 million electric cars
were sold across the globe in 2019, taking the global EV stock to 7.2 million.
Electric car sales, the IEA highlights, accounted for 2.6% of the global car
sales, and even amid the coronavirus pandemic, the IEA predicts that EVs will hold
a 3% share in the overall car sales worldwide in 2020.
Bio-lubricants are expected to play a critical role
in augmenting the eco-friendly quotient of EVs. Bio-based compounds, such as
polyalkylene glycols and saturated esters, have proven to be highly effective
as lubricants, even more so than conventional mineral oil-based lubricants. The
increasing intensity towards achieving sustainable mobility is, therefore,
foreseen to drive the dynamics of this market over the next decade.
Source: https://www.fortunebusinessinsights.com/bio-lubricants-market-104654
In 2019, the report states that the global market
value stood at USD 3,275.7 million. The report also shares the following:
Restraining Factor
Stalled Automotive Production amid COVID-19 to
Hamper Market Growth
The COVID-19 pandemic has led to a severe and
unprecedented downturn in the automotive industry. Lockdowns, social
distancing, and strict government regulations on the movement of people and
materials have forced auto companies to shut down production and sales
operations. For example, in March 2020, the French automotive giant, PSA Group,
announced the closure of a dozen of its plants across Europe. Similarly, Fiat
Chrysler halted production at most of plants in Europe, with temporary shutdown
of its facilities in Serbia, Italy, and Poland.
The demand for vehicles has also had to deal with
multiple shocks across regions as employees swiftly adopted work from home
measures. For example, the Oxford Business Group found that light vehicle
year-on-year sales in China contracted by a historic 79.1% in February, while
in Europe the decline was by 44% in March. The pandemic is, thus, restraining
the bio-lubricants market growth as these materials are extensively used in the
automotive industry and contracting activities of this industry will inevitably
affect markets associated with it.
Regional Insights
North America to Retain Leading Position with
Growing Activities in the Region’s Auto Industry
North America is slated to dominate the
bio-lubricants market share during the forecast period due to the rising
intensity of technological advancements in the region’s automotive industry.
Top carmakers are constantly experimenting with different ecofriendly materials
to increase the sustainability of their products and manufacturing operations.
In 2019, the North America market size stood at USD 1,410.3 million.
Are you sure you want to stop following?
Congrats! You are now a member!
Start requesting vouchers for promo codes by clicking the Request Deal buttons on products you want.
Start requesting vouchers for promo codes by clicking the Request Deal buttons on products you want.
Sellers of Amazon products are required to sign in at www.amztracker.com
More information about placing your products on this site can be found here.
Are you having problems purchasing a product with the supplied voucher? If so, please contact the seller via the supplied email.
Also, please be patient. Sellers are pretty busy people and it can take awhile to respond to your emails.
After 2 days of receiving a voucher you can report the seller to us (using the same button) if you cannot resolve this issue with the seller.
For more information click here.
We have taken note and will also convey the problems to the seller on your behalf.
Usually the seller will rectify it soon, we suggest now you can remove this request from your dashboard and choose another deal.
If you love this deal most, we suggest you can try to request this deal after 2 days.
This will mark the product as purchased. The voucher will be permanently removed from your dashboard shortly after. Are you sure?
You are essentially competing with a whole lot of other buyers when requesting to purchase a product. The seller only has a limited amount of vouchers to give out too.
Select All Groups
✕
Adult Products
Arts, Crafts & Sewing
Automotive & Industrial
Beauty & Grooming
Cell Phones & Accessories
Electronics & Office
Health & Household
Home & Garden
Jewelry
Kitchen & Dining
Men's Clothing & Shoes
Pet Supplies
Sports & Outdoors
Toys, Kids & Baby
Watches
Women's Clothing & Shoes
Other
Adult Products
©Copyright 2024 Vipon All Right Reserved · Privacy Policy · Terms of Service · Do Not Sell My Personal Information
Comments