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December 12, 2012 /PRNewswire/ --
According to a new market report published by Transparency Market Research (
Biolubricants Market - Global Scenario, Trends, Industry Analysis, Size, Share & Forecast 2010-2018," the global bio-based lubricants market was worth
USD 1,713.2 million in 2011 and is expected to reach
USD 2,377.5 million in 2017, growing at a CAGR of 4.9% from 2011 to 2017. In the overall global market,
North America is expected to maintain its lead position in terms of revenue till 2018.
North America is expected to enjoy 38.1% of the global bio-based lubricants market revenue share in 2018 followed by