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...

The United States market is driven by robust regulatory oversight from the EPA regarding environmental pollutant discharges, widespread adoption of bio-based product procurement initiatives across federal agencies, and a strong industrial focus on sustainable manufacturing. U.S. equipment operators, marine fleet managers, and agricultural enterprises prioritize high-performance biodegradable...