Referring to the study, Global Food Grade Lubricants Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread). Some of the key companies operating in the global food grade lubricants market include Kluber Lubrication Munchen SE & Co. KG, Petro-Canada Lubricants Inc., Royal Dutch Shell Plc., Total S.A., FOOMA JAPAN, Fuchs Petrolub SE, BP JAPAN K.K., Exxon Mobil Corporation and among others.

Based on types, food grade lubricants market can be segregated as synthetic oil and mineral oil. Synthetic oil includes PAG (Polyalkylene Glycol) and PAO (Polyalphaolephins). Synthetic oil segment dominates the global market owing to superior performance characteristics compared to its counterparts. Mineral oil food grade lubricants are generally used segment as they are very cheaper and readily available. In addition, based on application, market can be segregated as pharmaceuticals & cosmetic, beverages and food. Additionally, the food industry is expected to witness higher growth rate due to strict food safety regulations across the developed & developing countries during the forecast period.

Availability of food grade lubricant in aerosol & foam, followed by stringent policies by government and expansion of food, beverages, and pharmaceutical industries are some major factors, which are responsible for growth of the food grade lubricants market. Apart from this, lack of proper training and awareness may impact the market. Moreover, adoption of synthetic-based food grade lubricants and increase in bio-based food grade lubricants are leading opportunities for global market.

Based on regional analysis, the Europe region holds major share in global food grade lubricants market owing to stringent food safety measures by the government and rise in demand for food-grade lubricants across the region. The Asia-Pacific and North-America regions are estimated to witness higher growth rate due to increase in awareness of the food industry and rise in consumer health consciousness over the forecast period. It is projected that future of the global food grade lubricants market will be bright on account of increase in applications in the food & beverage industry during the forecast period.

For More Information, Click on the Link Below:-

Global Food Grade Lubricants Market

Related Reports:-

Global Food Grade Lubricants Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025

(COVID Version) Global Food Grade Lubricants Market Status (2016-2020) and Forecast (2021E-2026F) by Region, Product Type & End-Use

Follow Us

LinkedIn | Instagram | Facebook | Twitter | YouTube

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

[email protected]

+91-9015378249