Biolubricants Market: New Product Launches and Agreements & Collaborations

The global biolubricants market size is projected to reach USD 3.15 Billion by 2021 at a CAGR of 6.3% between 2016 and 2021. Increasing stringent regulations such as EPA’s Vessel General Permit and USDA’s Bio Preferred Program are creating opportunities in the biolubricants market in the U.S. In addition, emerging applications of biolubricants such as transformer oil and two- and four-cycle engine oils are expected to present immense opportunities going ahead.

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New product launches and agreements & collaborations were the most preferred strategies among the major players in the biolubricants market between 2012 and 2016. New product launches accounted for a share of 43.8% of all the development strategies adopted by the market players. Companies adopted this strategy for developing new and advanced products to strengthen their product portfolio and cater to the growing needs of consumers in the U.S. and European countries. The biolubricants market is currently in the introduction phase in regions such as Asia-Pacific, South America, and the Middle East & Africa. Many R&D activities are being carried out in the market to develop products with better technical specifications and priced competitively against the mineral oil-based lubricants. Chevron Corporation, BP plc, Emery Oleochemicals, and Clarion Lubricants are some of the manufacturers who adopted this strategy.

The strategy of agreements & collaborations accounted for a share of 25%, between 2012 and 2016, of the overall strategic developments in the biolubricants market. Companies adopted this strategy to strengthen their distribution network and extend their reach to customers. Some agreements and collaborations were done for raw material supply as well. Companies such as Altranex Corporation, Chevron Corporation, and BioAmber Inc. adopted this strategy.

Chevron Corporation is an integrated energy company that provides administrative, financial, management, and technological support to the U.S. and international subsidiaries, which engage in fully integrated petroleum operations, chemical operations, mining operations, power generation, and energy services. It mainly operates through two business segments, namely, upstream and downstream. The company promotes transformation and upgrading of technology to improve development quality and efficiency as well as establish a return-oriented investment management mechanism, which complies with both market conditions and the firm’s overall development goals.

Chevron introduced a new line of Clarity Synthetic hydraulic and gear oils for the marine industry. The lubricants are used in applications concerning leaks and accidental discharges. These lubricants meet the requirements of EPA VGP for environmentally acceptable lubricants (EALs). This development is expected to help the company tap the highly growing demand for biolubricants in the marine industry.

Emery Oleochemicals develops and markets high-quality natural-based chemicals. Emery has its manufacturing units and sales & marketing offices in Asia-Pacific, Europe, and North America. The company has an extensive distribution network in more than 50 countries. It focuses on organic growth strategies to increase its existing market share. The company is focusing on the transition of sustainable practices into a responsible and efficient supply chain management system to gain competitive advantage.

Emery Oleochemicals launched DEHYLUB 4100 and DEHYLUB 4071, which offers high viscosity and lubrication and low pour point in extreme conditions of temperature and pressure. These natural-based chemicals are designed for metalworking fluids, chain lubricants, hydraulic fluids, and greases applications. This product was launched to cover a wide range of applications.

Prepreg Market: New Product Developments and Agreements & Partnerships

Prepreg is becoming crucial in wind energy and aerospace & defense applications due stringent environmental norms, growth in number of wind capacity installations, and number of plane deliveries. The prepreg market size is projected to reach USD 8.64 Billion by 2021, growing at a CAGR of 10.12%, between 2016 and 2021.

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The key companies offering prepreg are mainly involved in novel product development and agreement and partnerships to strengthen their position in the market. This expands their product portfolio and helps them to meet the increasing demand of prepreg from various industries, especially aerospace & defense and wind industries.

Agreements & partnerships, novel product development, expansion & investment and acquisition were the key strategies undertaken by the key players between 2012 and 2016. New product development accounted for a share of 39% among other strategies in the prepreg market. Agreement & partnership was considered as the second most-preferred growth strategy by the manufacturers, and accounted for a share of 33% of the total development strategies of the prepreg market.

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Key Players - The key manufacturers profiled in this report are Royal Ten Cate N.V. (Netherland), Toray Industries, Ltd. (Japan), Teijin Ltd. (Japan), Hexcel Corporation (U.S.), SGL group (Germany), Gurit Holding AG. (Switzerland), Solvay SA Group (Belgium), and others. These companies have adopted various organic and inorganic growth strategies to expand their global presence and increase their penetration into the prepreg market.

Solvay SA Group and Hexcel Corporation were observed as the major players with maximum number of growth strategies between 2016 and 2021 in the prepreg market. The strategies adopted by them, accounted for around 31.25% of all the strategies in the market between 2012 and 2016.

Hexcel Corporation is one of the leading companies and the largest contributor in the growth of the prepreg market, globally. It accounted for the largest share of all the development activities undertaken in the prepreg market between 2012 and 2016. The company follows dynamic growth strategies with expansion as their major strategy to enhance its geographical presence and customer base. It manages its sales and distribution services through its various representatives based in Austria, Belgium, Finland, France, Germany, Israel, Italy, Japan, South Africa, Spain, Turkey, Spain, the U.K., the U.S., and across various parts of the globe.

Solvay SA Group became second key player with the acquisition of Cytec Industries, Inc. in 2015. This acquisition of Cytec Industries, Inc. boosted Solvay’s growth by making it world’s one of the major producers of prepreg for the aerospace industry. The company is trying to expand its supply of aerospace prepreg by signing agreements and developing new products.