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Bio-Lubricants Market Share, Industry Trends and Growth Report 2022-2027

Bio-based Lubricants are lubricants made up of vegetable oils & animal fats, which are easily biodegradable & renewable. These types of lubricants are an alternative to mineral-based lubricants & have numerous applications with superior lubricant properties. Vegetable oil used for bio-lubricants is coconut oil, sunflower oil, palm oil, and rapeseed oil. Moreover, these lubricants are produced by the trans-esterification of vegetable oil in the presence of a homogeneous acid & base catalyst. Furthermore, the growing use of these chemicals in the transportation & manufacturing industries led to propel the market growth in the coming years.