Worldwide Bio-Based Lubricants Industry to 2027 - Initiatives to Preserve Energy and Natural Resources Presents Opportunities
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Thursday, September 1, 2022
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Bio-based lubricants also offer performance benefits such as prolonging the equipment life and reducing maintenance costs, friction, and energy consumption.
Key Points:
- Bio-based lubricants also offer performance benefits such as prolonging the equipment life and reducing maintenance costs, friction, and energy consumption.
- "The greatest impact in accelerating the growth of biodegradable lubricants has been the development of high-performance synthetic hydrocarbon base oils.
- The increasing concern for environmental protection, carbon footprint, and sustainable development has contributed to the strict regulations to use bio-based lubricants.
- The increasing automotive production, infrastructure development, and power industry is driving the bio-based lubricants market growth worldwide.