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

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MarketsandMarkets Presents
Food Grade Lubricants Market Projected to Reach
256.5 Million USD by 2021
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ood-grade-lubricants-market-75393666.html
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• 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.marketsand
  markets.com/pdfdownloadNew.asp?id75393666
• 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

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• 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

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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
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.asp?id75393666 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.
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ood-grade-lubricants-market-75393666.html
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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 _at_ https//chemicalsresearchmarket.w
ordpress.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.

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