European Biolubricants Markets

National Legislation Drives Growth In The European Biolubricants Market

DUBLIN, Ireland--Research and Markets has announced the addition of the new Frost & Sullivan Report “European Biolubricants Markets” to their offering.

This Frost & Sullivan research service titled European Biolubricants Market provides an in-depth analysis of the market for environmentally adapted lubricant formulations in Europe. The study also includes market drivers, restraints, industry challenges and revenue forecasts for each product type and geographic region. In this research, Frost & Sullivan's expert analysts thoroughly examine the following segments: hydraulic oils, chainsaw oils, concrete release agents and niche oils.

National Legislation Drives Growth in the European Biolubricants Market

The European biolubricants market is still in the development stage, driven by environmental awareness, fiscal incentives and recently, national legislation. Some market segments have exhibited steady growth reflecting the evolution of an environmental culture in the industry. The introduction of the EU eco-label in lubricants has positively affected the market and has created the necessary momentum for new national legislation mandating the use of biolubricants in environmentally sensitive areas.

"The increased commitment by European countries and the EU to promote products based on renewable materials and protect the environment has resulted in the biolubricant products experiencing restricted, but steady growth," notes the analyst of this research service. "This trend is likely to continue, enhanced by relevant national legislation."

High Price of Biolubricants Restrains Market Expansion

For some time, biolubricants were products that everybody liked but nobody wanted. However, political volition at the national and pan-European level to support biolubricants is here to stay and will assist market growth. This political will-power is expressed at various levels. The EU eco-label for lubricants represented the first step in the process of harmonising national eco-labels within the EU. The German market introduction programme has assisted in the progression and strengthening of the most developed national biolubricants market. Moreover, new legislation in France mandating the use of such products in environmentally sensitive areas will result in dramatic growth of the national market.

The market has not yet achieved economies of scale and the high retail prices are restraining growth. "At present, the higher cost makes economic sense where biolubricants procurements are required or promoted by regulations and where law mandates their use," explains the analyst. "The lack of customer awareness and public misconceptions about the technical performance of biolubricants have not helped the situation either."