Food Grade Lubricants Market Projected to Reach 256.5 Million USD by 2021

1. MarketsandMarkets Presents Food Grade Lubricants Market Projected to Reach 256.5 Million USD by 2021 https://www.marketsandmarkets.com/Market-Reports/food-grade-lubricants-market-75393666.html

2. The report "Food Grade Lubricants Market by Base Oil (Mineral, Synthetic (PAO and PAG), and Bio-Based), Application (Food (Bakery, Sugar, Dairy, Meat Poultry, and Sea Food), Beverages, Pharmaceuticals & Cosmetics) - Global Forecast to 2021", The global market size of food grade lubricants is projected to reach 64.45 kilotons by 2021, registering a CAGR of 6.7% from 2016. In terms of value, the market size for food grade lubricants is projected to grow at a CAGR of 7.0% from USD 182.8 Million in 2016 to USD 256.5 Million by 2021. • Browse 83 market data Tables and 53 Figures spread through 170 Pages and in-depth TOC on "Food Grade Lubricants Market - Global Forecast to 2021” • Request FREE PDF Brochure : https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=75393666 • The Objectives of this study are: • To define, describe, and analyze the global food grade lubricants market by base oil, application, and region • To forecast and analyze the market size (in terms of value and volume) and different submarkets by five regions Asia-Pacific, Europe, North America, the Middle East & Africa, and South America • To forecast and analyze the market at the country level for each region • To strategically analyze each submarket with respect to individual growth trend and its contribution to the global food grade lubricants market • To analyze opportunities in the market for the stakeholders by identifying high-growth segments of the food grade lubricants market • To identify significant market trends and factors driving or inhibiting growth of the market and its submarkets • To analyze competitive developments, such as expansions, joint ventures, new products launches, and acquisitions, in the food grade lubricants market • To strategically profile the key market players and comprehensively analyze their growth strategies https://www.marketsandmarkets.com/Market-Reports/food-grade-lubricants-market-75393666.html

3. Scope of the Report: • This report categorizes the global market of food grade lubricants on the basis of base oil, application, and region. • Food grade lubricants market, by Base Oil: • The food grade lubricants market has been segmented on the basis of base oil: • Mineral oil • Synthetic oil • PAO (Polyalphaolephins) • PAG (Polyalkylene Glycol) • Others (esters and silicones) • Food grade lubricants market, by Application: • The food grade lubricants market has been segmented on the basis of application: • Food • Beverages • Pharmaceuticals & cosmetics • Others (packaging, food grade lubricants blending, and food machinery manufacturing) • Food grade lubricants market, by Region: • The food grade lubricants market has been segmented on the basis of region: • Asia-Pacific • North America • Europe • Middle East & Africa • South America https://www.marketsandmarkets.com/Market-Reports/food-grade-lubricants-market-75393666.html

4. Industry Insights: The global market size of food grade lubricants is projected to reach 64.45 kilotons by 2021, registering a CAGR of 6.7% between 2016 and 2021. In terms of value, the market size for food grade lubricants was USD 182.8 Million in 2016, and is projected to reach USD 256.5 Million by 2021, registering a CAGR of 7.0% during the same period. The growing processed food industry is expected to generate demand and drive the food grade lubricants market during the forecast period. The food application accounted for major share of the food grade lubricants market in 2015. The food grade lubricants market is classified on the basis of base oil, namely, mineral oil, synthetic oil (PAO, PAG, and others), and bio-based. Mineral oil dominated the food grade lubricants market during the forecast period, followed by synthetic oil, in 2015. The dominance of mineral oil-based food grade lubricants is owed to its low cost and easy availability. Synthetic oil based food grade lubricants are expected to witness the highest CAGR between 2016 and 2021. The growth is mainly due to the advanced properties such as better performance in extreme temperature conditions, oxidation stability, and durability compared to conventional mineral oil lubricants Request FREE Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=75393666 The food grade lubricants market is classified on the basis of application, namely, food, beverages, pharmaceuticals & cosmetics, and others. It is dominated by the food application. The dominance of food segment is mainly attributed to the increasing concern over food safety and rapid growth of the food processing industry. The application of food is projected to register the highest CAGR between 2016 and 2021, in terms of volume. https://www.marketsandmarkets.com/Market-Reports/food-grade-lubricants-market-75393666.html

5. Industry Leaders: Currently, the global food grade lubricants market is dominated by various market players such as Fuchs Petrolub SE (Germany),BP PLC (U.K.), Total S.A. (France), Petro-Canada Lubricants Inc. (Canada), Exxon Mobil Corporation (U.S.), Kluber Lubrication Munchen SE & CO. KG (Germany), AB SKF (Sweden), Chemtura Corporation (U.S.), Illinois Tool Works Inc. (U.S.), and Jax Inc. (U.S.). For more Info Visit Our Blog @ https://chemicalsresearchmarket.wordpress.com/Blog Geographical Scenario: Currently, Europe is the largest market for food grade lubricants. The stringent food safety regulations in the region are expected to drive the increasing demand for food grade lubricants. Asia-Pacific is projected to be the fastest-growing market between 2016 and 2021. This growth is attributed to the rising awareness and growing processed food industry in the region. Europe to be the largest market during the forecast period The food grade lubricants market is broadly segmented into five regions, namely, Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. Europe is the largest market, followed by North America; however Asia-Pacific is projected to be the fastest-growing market during the forecast period. This dominance of the European region is mainly due to the stringent food safety regulations coupled with the increased awareness among manufacturers. https://www.marketsandmarkets.com/Market-Reports/food-grade-lubricants-market-75393666.html

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