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Bio-Based Lubricants Market Size Growing at 5.2% CAGR Set to Reach USD 4.9 Billion By 2032

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BEIJING, March 13, 2023 (GLOBE NEWSWIRE) — The Global Bio-Based Lubricants Market Size collected USD 2.8 Billion in 2022 and is set to achieve a market size of USD 4.9 Billion in 2032 growing at a CAGR of 5.2% from 2023 to 2032.

Bio-Based Lubricants Market Research Report Highlights and Statistics:

  • The Global Bio-Based Lubricants Market Size in 2022 stood at USD 2.8 Billion and is set to reach USD 4.9 Billion by 2032, growing at a CAGR of 5.2%
  • The global bio-based lubricants market is expected to grow significantly due to the rising demand for eco-friendly lubricants in various industries such as automotive, construction, and marine.
  • Asia-Pacific region is expected to be the fastest-growing market, North America and Europe are also key markets for bio-based lubricants.
  • The major players in the market include Royal Dutch Shell, ExxonMobil, Total, Fuchs Petrolub, and Panolin AG.

Request For Free Sample Report @ https://www.acumenresearchandconsulting.com/request-sample/252

Bio-Based Lubricants Market Report Coverage:

Market Bio-Based Lubricants Market
Bio-Based Lubricants Market Size 2022 USD 2.8 Billion
Bio-Based Lubricants Market Forecast 2032 USD 4.9 Billion
Bio-Based Lubricants Market CAGR During 2023 – 2032 5.2%  
Bio-Based Lubricants Market Analysis Period 2023 – 2032
Bio-Based Lubricants Market Base Year 2022  
Bio-Based Lubricants Market Forecast Data 2023 – 2032
Segments Covered By Raw Material, By Application, By End-User, And By Geography
Bio-Based Lubricants Market Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled BioBlend Renewable Resources, LLC, BP p.l.c., Chevron Corporation, Environmental Lubricants Manufacturing, Inc., Exxon Mobil Corporation, Houghton International, Inc., Panolin AG, Royal Dutch Shell plc, Renewable Lubricants, Inc., and Total S.A.
Report Coverage Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

Bio-Based Lubricants Market Overview:

Bio-based lubricants are a type of environmentally friendly lubricants derived from renewable sources such as vegetable oils, animal fats, and synthetic esters. These lubricants have low toxicity, high biodegradability, and a lower carbon footprint compared to traditional petroleum-based lubricants. The growing demand for eco-friendly lubricants in various applications such as automotive, industrial, marine, and aerospace is driving the growth of the global bio-based lubricants market. The use of these lubricants not only reduces environmental impact but also improves the efficiency and lifespan of equipment. They are also gaining popularity in niche applications such as food-grade lubricants, medical devices, and cosmetics. The market for bio-based lubricants is expected to grow significantly in the coming years due to increasing environmental concerns and government regulations promoting the use of sustainable and renewable resources.

Trends in the Bio-Based Lubricants Market:

  • Growing demand for biodegradable lubricants
  • Increasing use of vegetable oils as a feedstock
  • Rising adoption of synthetic esters in various applications
  • Development of biodegradable hydraulic fluids
  • Increasing demand for bio-based lubricants in the marine sector
  • Use of bio-based lubricants in food processing machinery and equipment
  • Development of bio-based lubricants for electric vehicles
  • Use of bio-based lubricants in wind turbines

Bio-Based Lubricants Market Dynamics:

  • Increasing environmental concerns and regulations promoting sustainable and renewable resources
  • Growing demand for eco-friendly lubricants in various applications
  • Rising awareness about the benefits of using bio-based lubricants
  • Government support and initiatives promoting the use of bio-based products
  • Technological advancements in bio-based lubricants production
  • Increasing investments in research and development of bio-based lubricants
  • Increasing demand for high-performance lubricants with extended drain intervals
  • Growing demand for bio-based lubricants in the automotive sector
  • Rising concerns about the negative impacts of petroleum-based lubricants on human health and the environment

Growth Hampering Factors in the Market for Bio-Based Lubricants:

  • High Cost: Bio-based lubricants are typically more expensive than traditional lubricants. This can make it difficult for some businesses to justify the switch to bio-based alternatives, particularly in a price-sensitive market.
  • Supply Chain Challenges: The supply chain for bio-based lubricants can be complex, particularly if the raw materials are sourced from a range of different suppliers. This can create logistical challenges and add to the overall cost of the product.
  • Limited Shelf Life: Bio-based lubricants may have a shorter shelf life than traditional lubricants. This can create storage and inventory management challenges for businesses.
  • Performance Issues: While bio-based lubricants have many benefits, they may not always perform as well as traditional lubricants in certain applications. This can be a barrier to adoption, particularly in high-performance industries such as aerospace and automotive.
  • Compatibility Issues: Bio-based lubricants may not be compatible with all types of machinery and equipment. This can limit their use in certain industries and applications.
  • Quality Control Issues: Bio-based lubricants may be more sensitive to variations in raw materials and production processes. This can make quality control more challenging, and may create inconsistencies in the final product.

Check the detailed table of contents of the report @

https://www.acumenresearchandconsulting.com/table-of-content/bio-based-lubricants-market

Market Segmentation:

By Type of Raw Material

  • Animal Fats
  • Vegetable Oils

By Application

  • Metal Working Fluids
  • High Performance Oils
  • Food Grade Lubricants
  • Hydraulic Fluid
  • Greases
  • Penetrating Lubricants
  • Others

By Product Landscape

  • Artificial Intelligence
  • Marketing
  • Human Intelligence

End User

  • Industrial
  • Transportation

Bio-Based Lubricants Market Overview by Region:

Europe’s Bio-Based Lubricants market share is the highest globally, driven by strong regulatory support for renewable energy and sustainability. The European Union has implemented a range of policies and initiatives to promote the use of bio-based products, including the Bioeconomy Strategy and the Renewable Energy Directive. Germany and France are the largest consumers of bio-based lubricants in the region, with applications in automotive, industrial machinery, and other sectors.

The Asia-Pacific region’s Bio-Based Lubricants Market share is also huge and is growing at the fastest rate. The region is expected to continue to dominate the market in the coming years due to rapid industrialization and growing demand for environmentally friendly products. China, Japan, and India are the largest consumers of bio-based lubricants in the region, with a range of end-use industries including automotive, marine, and agriculture.

The North American region is another key market for Bio-Based Lubricants, with growing demand from industries such as transportation and agriculture. The United States is the largest consumer of bio-based lubricants in the region, and the market is expected to continue to grow as more businesses seek to reduce their environmental impact and meet sustainability goals.

The South American and MEA regions have a smaller Bio-Based Lubricants market share, however it is expected to grow at a steady pace. Brazil and South Africa are expected to be key growth markets in these regions, with increasing demand from the automotive and industrial machinery sectors.

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Bio-Based Lubricants Market Key Players:

The Bio-Based Lubricants market has a large number of players operating in the industry. Some of the key players in the market include Shell, BP, Total S.A., ExxonMobil, Chevron, Fuchs Petrolub, Royal Dutch Shell, Lubrizol Corporation, Renewable Lubricants, Balmer Lawrie, Panolin AG, RSC Bio Solutions, Lubrication Engineers, Inc., Houghton International Inc., Statoil Lubricants, British Petroleum, Emery Oleochemicals, Klüber Lubrication, Bioblend Renewable Resources, and Rowe Mineralölwerk GmbH.

Browse More Research Topic on Chemical Industries Related Reports:

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The Global Chemical as a Service Market size accounted for USD 8,101 Million in 2021 and is estimated to reach the value of USD 15,581 Million by 2030.

The Global Coated Glass Market size accounted for USD 32,951 Million in 2021 and is expected to reach USD 71,425 Million by 2030 growing at a CAGR of 9.2% during the forecast period from 2022 to 2030.

About Acumen Research and Consulting:

Acumen Research and Consulting is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact-based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.

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Artificial Intelligence

RepTrak Announces 2024 Global RepTrak® 100 Report

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BOSTON, April 18, 2024 /PRNewswire/ — The RepTrak™ Company, the world’s leading reputation data and insights company, released its annual Global RepTrak 100 report. Utilizing its advanced reputation monitoring software, RepTrak gathered data from more than 243,000 survey responses across 14 major economies to rank the world’s 100 most reputable companies. They share that ranking alongside a full analysis of global corporate reputation trends and corresponding public sentiment in the 2024 report.

After two years of consecutive Reputation Score declines, this year’s Score is back up with an increase from 73.2 in 2023 to 73.8 in 2024. It’s a small increase after 2023’s full one-point drop. However, it’s an encouraging sign that companies have begun to recover from reputation falls driven by many challenges: macroeconomic issues, workplace difficulties, product problems, and corporate responsibility skepticism.
“This year’s report underscores a pivotal shift in the corporate landscape, spotlighting the remarkable adaptability and dedication of the Top 100 companies in responding to the dynamic needs of stakeholders,” states RepTrak CEO Mark Sonders. “The companies featured in our report are not just riding the wave of change; they are the ones steering it, proving that the best approach to business is one that embraces evolution and champions progress.”
RepTrak’s report explores how people thought, felt, and acted toward companies over the past year. Findings include notable increases in Conduct and Citizenship efforts, stakeholders’ rising willingness to invest, culturally resonant brand communications, and ESG Scores that soared despite skepticism around the acronym.
To read the full 2024 Global RepTrak 100 report, please visit: www.reptrak.com/globalreptrak
About RepTrak
The RepTrak™ Company is the world’s leading reputation data and insights company. We help companies by organizing and grading a variety of reputational elements, offering a real-world report card on their corporate reputation. Subscribers to the RepTrak program use our predictive insights to protect business value, improve return on investment, and increase their positive impact on society. RepTrak’s pairing of advanced metrics and dedicated reputation advisors offers clients an actionable analysis of their reputation data, aligning business objectives with stakeholder sentiment across different markets and sectors.
Established in 2004, The RepTrak Company owns the world’s largest reputation benchmarking database, gathering over 1 million company ratings per year used by CEOs, boards, and executives in more than 60 countries worldwide. For more information, please visit: www.reptrak.com
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Group-IB takes part in a global operation to cripple Canadian Phishing-as-a-Service provider LabHost

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SINGAPORE, April 18, 2024 /PRNewswire/ — Group-IB, a leading cybersecurity company aimed at investigating, preventing, and fight digital crime announced today that it participated in a coordinated global takedown operation against prominent Canadian Phishing-as-a-Service (PhaaS) provider LabHost, which has led to the arrest of 37 suspects across the United Kingdom and around the world by law enforcement agencies. As part of the operation, Group-IB also conducted an extensive analysis of LabHost’s criminal history and infrastructure, including insights into LabHost’s administrative platform and the services it provides to its purported user base which exceeds 2,000 subscribers worldwide, who illegally obtained around 480,000 card numbers, 64,000 pin numbers, and over 1 million passwords from victims used for websites and other online services, according to law enforcement agencies.

“By leveraging our Threat Intelligence and Digital Risk Protection, we are able to identify and monitor phishing attacks and websites like those deployed by LabHost and its subscribers around the world, enabling us to actively alert and protect our customers, and in turn, their customers as well,” said Dmitry Volkov, Chief Executive Officer of Group-IB. “Today’s takedown operation demonstrates the agility and responsiveness of our decentralized Digital Crime Resistance Centers, and how quickly we can provide immediate and local assistance wherever our customers may be.”
First uncovered in late 2021, LabHost emerged as a fully automated Phishing-as-a-Service (PhaaS) platform, streamlining the creation of phishing websites meticulously mirroring the interface and functionality of prominent banking, postal, and financial entities, aimed at intercepting, seizing, and profiting from users’ personal, credit card, and online banking credentials. Users are prompted to select from various “membership plans,” tailored to target businesses and individuals in either the United States and Canada, or globally, akin to mobile subscription models. These plans encompass “standard,” “premium,” and “world membership” tiers, priced between US$179 and US$300 monthly, with options for monthly, quarterly, or annual billing cycles.
For media inquiries, please contact [email protected]
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Malaysia Data Center Market to Witness $3.97 Billion Investment Opportunities by 2029, Get Insights on 34 Existing Data Centers and 33 Upcoming Facilities across Malaysia – Arizton

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CHICAGO, April 18, 2024 /PRNewswire/ — According to Arizton’s latest research report, the Malaysia data center market is growing at a CAGR of 13.92% during the forecast period.

To Know More, Download the Free Sample Report: https://www.arizton.com/market-reports/malaysia-data-center-market-size-analysis
Malaysia Data Center Market Report Scope
Report Attributes
Details
Market Size (Investment)
USD 3.97 Billion (2029)
Market Size (Area)
883 Thousand Sq. Feet (2029)
Market Size (Power Capacity)
163 MW (2029)
CAGR Investment (2023-2029)
13.92 %
Colocation Market Size (Revenue)
USD 1.23 Billion (2029)
Historic Year
2020-2022
Base Year
2023
Forecast Year
2024-2029
Over the next few years, Malaysia is poised to witness significant growth in data center investments, driven by the influx of operators like AirTrunk, Equinix, Princeton Digital Group, and other leading companies. Key hubs like Cyberjaya, Kuala Lumpur, and Johor Bahru are expected to see heightened activity, hosting most of the country’s data centers.
The wholesale colocation sector is projected to experience a revenue surge fueled by major cloud players like Microsoft, Google, and AWS. These companies have unveiled plans to establish dedicated cloud regions within Malaysia, with expected timelines for deployment within the next one to two years. This trend underscores Malaysia’s growing importance as a regional hub for data infrastructure and cloud services.
Malaysia is among the top expensive markets globally for developing data centers. Malaysia’s data center construction cost in 2023 stood at about $8.5-$10 million per MW, making it the costliest market in the APAC region after Singapore and Jakarta.
Investment Opportunities in the Malaysia Data Center Market
In November 2023, ST Telemedia Global Data Centres announced its plans to develop a new data center campus in Johor. The construction of the first building is likely to begin soon and become operational by 2025. The company formed a joint venture with Basis Bay to develop a new data center campus with two buildings, Cyberjaya DC.2 and STT Kuala Lumpur 1 in Cyberjaya, Selangor.In October 2023, EDGNEX Data Centres by DAMAC announced its plans to enter the APAC market for the first time; the company is considering a facility in Cyberjaya, Selangor. The expected investment can cross the $52 million mark.In October 2023, Infinaxis Data Centre Holdings, the joint venture between Gaw Capital Partners and A3 Capital, announced the construction of its first data center facility in Cyberjaya. The facility will have 10 data halls and will likely be operational by Q2 2025.In September 2023, EdgeConneX announced its plans to expand its footprint in Malaysia with the development of three data centers sites across Bukit Jalil, Kuala Lumpur, and Cyberjaya. The company plans to develop data centers in partnership with Cyberview.To Know More, Download the Free Sample Report: https://www.arizton.com/market-reports/malaysia-data-center-market-size-analysis
Market Trends
According to IRENA, in 2022, hydroenergy accounted for around 69% of the renewable energy capacity in Malaysia, followed by solar energy, which contributed about 21%, along with a 10% contribution by bioenergy.Malaysia aims to achieve the target of net-zero carbon emissions by 2050. To make this goal a reality, WWF-Malaysia is partnering with Boston Consulting Group to develop an independent joint study on the country’s optimal net zero pathway.The government of Malaysia has established a green tariff scheme to support its carbon-neutrality target. Under the scheme, subscribers can get electricity from solar or hydro sources instead of fossil fuel sources.Mergers, acquisitions, joint ventures, and partnerships are key strategies employed by operators to expand their portfolios and global footprint. For example:
In December 2023, Chindata Group merged with BCPE Chivalry Merger Sub, a wholly owned subsidiary of BCPE Chivalry Bidco, completing its transition to a private company from a public one.November 2023 saw ST Telemedia Global Data Centres, in a joint venture with Basis Bay, announcing plans to develop a new data center campus with two buildings in Cyberjaya, Selangor.A3 Capital and Gaw Capital Partners formed a joint venture in February 2023 to establish Infinaxis Data Centre Holdings to develop and operate data centers across Malaysia and Southeast Asia.MN Holdings, an engineering services and solutions company, signed a Memorandum of Understanding (MoU) in April 2023 with Shanghai DC-Science, outlining an investment of approximately $600 million to develop a data center site at the Sedenak Tech Park, Johor.Why Should You Buy This Research?
Market size is available regarding investment, area, power capacity, and Malaysia colocation market revenue.An assessment of the data center investment in Malaysia by colocation, hyperscale, and enterprise operators.Investments in the area (square feet) and power capacity (MW) across cities in the country.A detailed study of the existing Malaysia data center market landscape, an in-depth market analysis, and insightful predictions about market size during the forecast period.Snapshot of existing and upcoming third-party data center facilities in MalaysiaFacilities Covered (Existing): 34Facilities Identified (Upcoming): 33Coverage: 9 LocationsExisting vs. Upcoming (Area)Existing vs. Upcoming (IT Load Capacity)Data Center Colocation Market in MalaysiaColocation Market Revenue & Forecast (2023-2029)Wholesale vs. Retail Colocation Revenue (2023-2029)Retail Colocation PricingWholesale Colocation PricingThe Malaysia data center market investments are classified into IT, power, cooling, and general construction services with sizing and forecast.A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and prospects for the industry.Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the industry.A transparent research methodology and the analysis of the demand and supply aspects of the industry.Buy this Research @ https://www.arizton.com/market-reports/malaysia-data-center-market-size-analysis
Post-Purchase Benefit                             
1hr of free analyst discussion10% off on customizationThe Report Includes the Investment in the Following Areas:
IT InfrastructureServersStorage SystemsNetwork InfrastructureElectrical InfrastructureUPS SystemsGeneratorsSwitches & SwitchgearsPDUsOther Electrical InfrastructureMechanical InfrastructureCooling SystemsRack CabinetsOther Mechanical InfrastructureCooling SystemsCRAC and CRAHChillersCooling Tower and Dry CoolersOther Cooling UnitsGeneral ConstructionCore & Shell DevelopmentInstallation & Commissioning ServicesBuilding & Engineering DesignFire Detection & Suppression SystemsPhysical SecurityData Center Infrastructure Management (DCIM)Tier StandardTier I & Tier IITier IIITier IV GeographySelangorJohorOther StatesVendor Landscape
IT Infrastructure Providers
Cisco SystemsDell TechnologiesFujitsuHewlett Packard EnterpriseHuawei TechnologiesIBMInspurLenovoNetAppData Center Construction Contractors & Sub-Contractors
Advance Power EngineeringAsima ArchitectsAVO TechnologyB-Global TechCTC-GlobalCSF GroupCyclect GroupDSCO GroupGamudaGCM TechnologiesHSS EngineersISGKienta Engineering ConstructionLSK EngineeringMES GroupM+W Group (Exyte)MN HoldingsNakanoNTT FACILITIESPowerware SystemsS5 EngineeringShaw ArchitectSunway Construction GroupUnique CentralSupport Infrastructure Providers
ABBCaterpillarCumminsEatonFuji ElectricHITEC Power ProtectionKOHLER PowerLegrandMitsubishi ElectricNarada Power SourcePiller Power SystemsRittalRolls-RoyceSchneider ElectricSiemensSocomecSTULZTraneVertivData Center Investors
Bridge Data CentresEdge CentresGDS ServicesIRIX (PP TELECOMMUNICATION)Keppel Data CentresNTT DATAOpen DCTM OneVantage Data CentersYTL Data Center HoldingsNew Entrants
AirTrunkAmazon Web Services (AWS)EdgeConneXEquinixFutureData (Cyclect Group + TSG Group)Googlei-BerhadInfinaxis Data Centre HoldingsMN Holdings + Shanghai DC-ScienceMicrosoftNEXTDCPrinceton Digital GroupRegal OrionSingtelST Telemedia Global Data CentresYondrTo Know More, Download the Free Sample Report: https://www.arizton.com/market-reports/malaysia-data-center-market-size-analysis
Key Questions Answered in the Report:   
What factors are driving the Malaysian data center industry?
How big is the Malaysia data center market?
How many MW of power capacity will be added across Malaysia during 2024 to 2029?
What is the growth rate of the Malaysia data center market?
Which states are included in the Malaysia data center market report?
Get the Detailed TOC @ https://www.arizton.com/market-reports/malaysia-data-center-market-size-analysis
Check Out Some of the Top-Selling Research Reports:
Indonesia Data Center Market – Investment Analysis & Growth Opportunities 2024-2029
Thailand Data Center Colocation Market – Supply and Demand Analysis 2024-2029
Singapore Data Center Market – Investment Analysis & Growth Opportunities 2023-2028
Australia Data Center Market – Investment Analysis & Growth Opportunities 2023–2028 
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Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.                                                         
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