Polyolesters for Bio-based Lubricants and Lubricant Additives Market for Automotive Lubricants, Aviation Oil, Biodegradable and Fire-resistant Hydraulic Fluids, Refrigerant Oil, Metalworking Oil, Compressor Oil, and Other Applications – Global Indus
LONDON, Aug. 31, 2016 /PRNewswire/ — Polyolester lubricants (POE) are oils that possess the ability to operate at a wide temperature range (-75 F to 600 F). These lubricants demonstrate various properties such as low volatility, good oxidative stability, and high solvency and dispersibility. This makes POE suitable for usage in a wide range of applications. Furthermore, the inclusion of bio-based raw materials makes these lubricants less harmful environmentally vis-à-vis the existing synthetic lubricants. The wide temperature range stability and capability of performing same over extreme conditions makes polyolester bio-based lubricants suitable for applications in automotive, aviation, and refrigeration industries. Rising demand for lubricants in these industries is likely to drive the polyolesters market for bio-based lubricants & lubricant additives in the next few years. However, availability of comparatively lower-cost synthetic substitutes and high costs associated with the production of polyolesters bio-based lubricants are anticipated to hamper market growth during the forecast period. Increase in research & development activities for new polyolester bio-based lubricants and commercialization of the existing polyolester bio-based lubricants for usage in conventional industries are estimated to act as major opportunities in the near future.
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