Bio-Based Lubricants Global Emergence
A new trend surged amongst oil manufacturers called bio-based lubricants to increase demand for sustainable but also high performance lubricants. It is expected to become more and more prevalent over the years. In the previous years, these bio-lubricants constituted only a small part of the finished lubricants market around the globe. Since 2014, these lubricants have seen their potential grow and it seems that this year government initiatives and regulations are pushing this once niche segment to the forefront. U.S. government agencies were the first to test bio-based motor oils, hence if the U.S. public sector converts to bio-lubricants, then demand will hopefully trickle down to other public markets in the world. At the moment many high-performance bio-sourced basestocks are leading the way to an increase in the use of this new technology, and hopefully they will be followed by many global lubricants manufacturers and retailers.
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