The commercial transportation sector is the greatest user of bio-based lubricants worldwide. In 2023, around 1.2 billion U.S. dollars in market value was attributed to this sector. However, the consumer automotive market is expected to see a greater compound annual growth rate over the following decade.
More information on the bio-based lubricants market can be found here.
Market value of bio-based lubricants worldwide from 2021 to 2023, with a forecast until 2031, by application
(in million U.S. dollars)
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Extrapolate. (March 31, 2024). Market value of bio-based lubricants worldwide from 2021 to 2023, with a forecast until 2031, by application (in million U.S. dollars) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1461173/global-bio-lubricants-market-size-by-end-use-forecast/
Extrapolate. "Market value of bio-based lubricants worldwide from 2021 to 2023, with a forecast until 2031, by application (in million U.S. dollars)." Chart. March 31, 2024. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1461173/global-bio-lubricants-market-size-by-end-use-forecast/
Extrapolate. (2024). Market value of bio-based lubricants worldwide from 2021 to 2023, with a forecast until 2031, by application (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1461173/global-bio-lubricants-market-size-by-end-use-forecast/
Extrapolate. "Market Value of Bio-based Lubricants Worldwide from 2021 to 2023, with a Forecast until 2031, by Application (in Million U.S. Dollars)." Statista, Statista Inc., 31 Mar 2024, https://www.statista.com/statistics/1461173/global-bio-lubricants-market-size-by-end-use-forecast/
Extrapolate, Market value of bio-based lubricants worldwide from 2021 to 2023, with a forecast until 2031, by application (in million U.S. dollars) Statista, https://www.statista.com/statistics/1461173/global-bio-lubricants-market-size-by-end-use-forecast/ (last visited November 22, 2024)
Market value of bio-based lubricants worldwide from 2021 to 2023, with a forecast until 2031, by application (in million U.S. dollars) [Graph], Extrapolate, March 31, 2024. [Online]. Available: https://www.statista.com/statistics/1461173/global-bio-lubricants-market-size-by-end-use-forecast/
