According to a new report from Intel Market Research, the global biolubricants market was valued at USD 1.76 billion in 2023 and is projected to reach USD 2.78 billion by 2030, exhibiting a CAGR of 6.2% during the forecast period. Biolubricants, also known as bio-based lubricants, are derived from renewable sources such as vegetable oils (e.g., rapeseed, soybean, palm) and animal fats. They...