Soybean Oil-based Lubricants Market Size And Forecast To 2028

December 6, 2022 ⚊ 1 Min read ⚊ Views 78 ⚊ BUSINESS

The global soybean oil-based lubricants market size was valued at 872.2 million in 2021 and is expected to reach USD 1592.2 by 2028, at a CAGR of 6.8% during the forecast period 2022 to 2028. Soybean oil can be used to manufacture many different products that traditionally use a petroleum base. These include foams, films, lubricants, plastic molded parts, composites, and packaging. Although many technologies and processes for soybean oil are still in their infancy, there is definite potential to replace petroleum-based ingredients with those from soy

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