LONDON, Oct. 5, 2015 /PRNewswire/ -- The market for food
grade lubricants is estimated at 43.7 KT in 2015 and is projected
to grow at a CAGR of 6.7% between 2015 and 2020. Food grade
lubricants are used for machinery and equipment in the food
processing industry to lessen the threat of contamination caused
through leaks and drips. This report on food grade lubricants
market covers all major regions such as Asia-Pacific, Europe, North
America, and the Rest of the World. The report analyzes
market trends and forecasts from 2013 to 2020. Market estimations
have been provided in terms of consumption volume (tons) and market
revenue (USD). The global as well as regional markets have been
segmented on the basis of base oil and application. The base oil
types are mineral oil, synthetic oil, and bio-based oil. The
applications of food grade lubricants are food, beverages,
pharmaceuticals & cosmetics, and others.
The report analyzes the market dynamics such as drivers,
restraints, opportunities, and winning imperatives. The leading
companies, such as Chemtura Corporation (U.S.), Klüber Lubrication
München SE & Co. KG (Germany),
and Fuchs Petrolub SE (Germany),
have been profiled in this report. The report also provides the
analysis of competitive landscape based on the recent developments
in the market.
For this report, various secondary sources such as chemical
magazines, encyclopedia, directories, technical handbooks, company
annual reports, industry association publications, articles, trade
websites, and databases have been referred to identify and collect
information useful for this extensive commercial study of global
food grade lubricants market. The primary sources—experts from
related industries and suppliers—have been interviewed to obtain
and verify critical information as well as to assess the future
prospects and market estimations.
The food grade lubricants market is highly fragmented with the
presence of large number of global and regional manufacturers.
These manufacturers are focused on catering their customers with
advanced products and have launched a number of new products in the
recent past.
Food grade lubricants can be classified into three categories based
on the base oil type, namely; mineral oil, synthetic oil (PAO, PAG,
and others), and bio-based oil. Mineral oil is the largest type
based on raw material. The need for increase in the efficiency of
the grinding process due to the high costs associated with it has
led to increased consumption of grinding aids. The market for
mineral oil in 2014 was approximately 77.7% of the total market, in
terms of volume. Europe is the
largest consumer of mineral oil-based food grade lubricants.
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