Global bio-lubricants market value 2021-2031, by application
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.